- Business
- FGP Limited FGP Limited (BSE: FGP.BO), incorporated in 1962 and headquartered at 9 Wallace Street, Fort, Mumbai, India, operates as a real estate company focused on business center facilities and property letting in the Indian market. The company provides fully equipped office and business spaces with essential infrastructure to corporate clients, particularly serving reputed houses in South Mumbai seeking expansion; its single business center, developed in two phases near Fort, caters to demand for flexible commercial real estate amid India's growing economy. Originally a manufacturer of fibreglass products for diverse applications where it held a dominant position in domestic and global markets, FGP discontinued those operations around 2000-2001 to pivot fully to real estate leasing activities. Recent developments include the appointment of Avi Mundecha as Company Secretary and Compliance Officer effective May 9, 2025, followed by her resignation on August 22, 2025; board additions of Paras Mal Rakhecha and Sunil Kamalakar Tamhane as directors effective July 31, 2024; multiple changes in key management personnel such as CFO and compliance roles since 2022; and ongoing board meetings with postal ballots and special windows for shareholder actions through 2025, alongside steady revenue growth from business center operations to 2.31 million rupees in fiscal 2025. With approximately two employees, FGP maintains a lean structure while generating all sales from India-based real estate services.