- Business
- Meghna Infracon Infrastructure Limited is a Mumbai-based real estate developer engaged in share broking and trading activities, real estate development, and residential project ventures, with operations centered in Maharashtra and the broader Mumbai Metropolitan Region. The company is founded in 2007 and operates under the corporate umbrella of Meghna Infracon, with domicile in Mumbai, India, and governance through Meghna Aakar Constructions, a majority-owned subsidiary. Core activities include redevelopment and new residential projects; construction and development of gated communities; real estate investment and asset management; and related services through its subsidiaries and affiliates. The firm trades publicly under the ticker MIIL.BO and has pursued strategic expansions in residential megaprojects, leveraging its local land bank and development capabilities to capitalize on Mumbai’s housing demand. Latest major changes include regulatory-name transition from its former identity as Naysaa Securities Limited to Meghna Infracon Infrastructure Limited in May 2024, signaling a broadened real estate focus and portfolio realignment; formation and execution of redevelopment agreements in high-potential corridors such as Dadar/Prabhadevi, Mumbai, with anticipated revenue scales in the tens of crores; and ongoing announcements of new residential projects under Meghna Aakar Constructions, reinforcing its entry into premium Mumbai neighborhoods. The company’s products and services span real estate development (residential projects; redevelopment of mid- to high-density sites; gated community construction), property management and leasing, project finance and investment services related to its development activities, and advisory and brokerage services linked to its listed and private market activities, all supported by a regional footprint in Mumbai and surrounding districts. The business targets property buyers, investors, and institutional partners seeking mid- to high-end housing, redevelopment opportunities, and integrated community living solutions, with ongoing expansion plans expected to broaden its geographic and project mix within Maharashtra.