Prestige Group is a leading and trusted real estate developer known for its award- winning projects in India. Founded in 1986 by Irfan Razack in Bangalore, the company initially focused on small housing projects in the city. With the support of his brothers, Rezwan Razack and Noaman Razack, Prestige Group has grown significantly over the past few decades, expanding into new areas of South India, including Chennai, Hyderabad, Mumbai and Goa. Today, it holds a 20% share of the real estate market in Mumbai.
The builders have become one of India's top real estate developers. It is the largest public sector real estate company in the country, with operations in 13 major cities, covering residential, commercial, retail, hospitality, and property management sectors. It holds DAQ CRISIL Grading and an ICRA A+ Stable Rating. Notably, it was the first real estate developer in Bangalore to receive ISO 9001:2000 certification.
As of the August 2024 report, the company has a legacy of over 300 completed projects spanning 4,362 acres. They also have 53 ongoing projects covering 2,112 acres and 48 upcoming projects covering 2,089 acres across India. Prestige Group's head office is at Prestige Falcon Towers, 19 Brunton Road, Bangalore Central.
Prestige Group in Bangalore is well-known for transforming the real estate industry with its commitment to excellence, innovative designs, high quality, and timely project completion. Their work has redefined luxury living and improved many lives. Prestige launched a new 100-acre township project, Prestige Raintree Park, in Whitefield, Bangalore. It is one of the largest township developments and will feature commercial spaces, shopping malls, spacious apartments, and luxury villas.
As of September 2024, Prestige Group net worth is Rs. 725.26 billion, and its share price is Rs. 1,808. It is ranked 1,845th globally in market capitalization. Over the past year, from 2023 to 2024, the company has experienced a growth of 230.30%.
The Market Cap of Prestige Construction for the year 2010 to 2024 - 14 years report:
Year | Market cap | Change |
---|---|---|
2024 | ₹723.82 B | 53.02% |
2023 | ₹473.02 B | 154.53% |
2022 | ₹185.84 B | -2.37% |
2021 | ₹190.34 B | 78.52% |
2020 | ₹106.62 B | -15.84% |
2019 | ₹126.69 B | 54.02% |
2018 | ₹82.25 B | -30.62% |
2017 | ₹118.55 B | 84.61% |
2016 | ₹64.22 B | -11.88% |
2015 | ₹72.88 B | 47.41% |
2013 | ₹56.80 B | -3.35% |
2012 | ₹58.77 B | 153.69% |
2011 | ₹23.16 B | 105.41% |
2010 | ₹11.27 B |
Year | Revenue | Change |
---|---|---|
2024 (TTM) | ₹80.58B | -2.27% |
2023 | ₹82.45B | 5.21% |
2022 | ₹78.36B | 27.63% |
2021 | ₹61.40B | -10.66% |
2020 | ₹68.72B | -13.61% |
2019 | ₹79.55B | 57.91% |
2018 | ₹50.37B | -1.10% |
2017 | ₹50.93B | 8.42% |
2016 | ₹46.98B | -12.96% |
According to the most recent financial filings by Prestige Group, revenue was Rs. 81.21 billion. It follows a successful 2023 in which the business made Rs. 82.45 billion, up from Rs. 78.36 billion. This increase in revenue, which represents the entire income from products and services, highlights the company's excellent financial performance.
Annual revenue of Prestige Group from the year’s 2016 – 2024 is as follows:
The latest financial reports show Prestige Group's earnings of Rs. 34.82 billion. This is a notable increase from Rs. 33.93 billion in 2023 and Rs. 24.87 billion in 2022. For 2024, the earnings are Rs. 34.54 billion, indicating that its healthy economic performance is continuing.
Earnings history of Prestige Group for the Year 2016 to 2024 is as follows:
Year | Earnings | Change |
---|---|---|
2024 (TTM) | ₹34.54 B | 1.81% |
2023 | ₹33.93 B | 36.41% |
2022 | ₹24.87 B | -9.73% |
2021 | ₹27.55 B | 100.32 % |
2020 | ₹13.75 B | -26.68% |
2019 | ₹18.76 B | 48.25% |
2018 | ₹12.65 B | 14.13% |
2017 | ₹11.08 B | 40.07% |
2016 | ₹7.91 B |
Irfan Razack, born October 30, 1953, is a Bangalore-born Indian billionaire entrepreneur. He is the Managing Director and Chairman of Prestige Group, one of India's most reputable real estate developers. With a wealth of $1.23 billion, he ranked 77th among Indians on the 2014 Forbes India Rich List. Prestige was the country's second-largest listed real estate company.
For his business excellence, he has won numerous awards, including:
In addition, he serves as Chairman and Co-Founder of Bangalore's Inventure Academy. He was Chairman of CREDAI, President of Bangalore Commercial Association (BCA), and Honorary Secretary of Al-Ameen Educational Society.
The Prestige Group has received many awards for its dedication to real estate. The company is known for its skill in creating top-notch projects and its commitment to improving residents' lifestyles.
Prestige Group is a leading real estate developer based in Bangalore, known for its focus on sustainable projects. All major decisions, from launches to financial planning, are made at their headquarters in Bangalore. They have completed 150 residential projects covering 127 million sq. ft. and are currently working on 37 more projects in the city.
Some of the best projects of Prestige Group are:
The Prestige Group Logo features the Phoenix Bird, a symbol of brilliance and sophistication. The company's dedication to quality in real estate is reflected in its sleek, modern style and the emblem's graceful lines, "Add Prestige to Your Life", which emulate the group's trust and esteemed reputation.
The Prestige Group now provides a broad spectrum of integrated and standalone services managed by skilled professionals. Prestige Fashions (P) Ltd. is renowned for its refined men's formal wear, while Morph Design Company (MDC) specializes in diverse interior design solutions. Additionally, it is the only developer in South India with a portfolio as varied as its own, covering hotels, retail, commercial properties, and leisure facilities.
Subsidiaries of Prestige Group
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