- Business
- Neo Infracon Limited (NEOINFRA.BO), founded in 1981 and headquartered in Mumbai, India, engages in real estate development and construction activities, focusing on residential complexes, commercial buildings, industrial structures, and civil infrastructure projects primarily in Mumbai and surrounding regions; core offerings include premium apartment developments such as Neo Galaxy and Neo Logistics Park, ongoing projects like Amity and Neo Clarissa, and construction services spanning planning, execution, and delivery for diverse customer segments including individual buyers and commercial clients. The company, formerly known as Anuvin Industries Limited until its name change in December 2012, operates through subsidiaries and direct ventures in the Indian real estate sector, with a historical evolution from textiles and securities trading to current emphasis on property development in Maharashtra. Recent developments include improved debtor days from 129 to 63.8 days as of fiscal 2025, reappointment of Managing Director Ankush Nareshkumar Mehta for a five-year term at the September 2025 annual general meeting, and strong quarterly sales growth of 147.79% in the latest period alongside a return on equity reaching 12.4%, reflecting operational enhancements amid a low-return industry context.