### **Overview** Man Infraconstruction Limited (MICL), founded in 1964 as a partnership by Mr. Kishore Shah, is a Mumbai-based, third-generation family-owned group operating in two core business verticals: **Engineering, Procurement & Construction (EPC)** and **Real Estate Development**. The company was incorporated in 2002 and has since evolved into a respected name in infrastructure and premium real estate, driven by a commitment to quality, timely delivery, and financial discipline. It is currently led by Managing Director Mr. Manan Shah, who joined in 2013 to spearhead the company’s strategic diversification into real estate. --- ### **EPC Division: Legacy of Infrastructure Excellence** Man Infra has over **60 years of EPC experience** in building critical civil infrastructure across India, with a strong legacy in **port construction**. - **Port Infrastructure**: - Developed **eight major ports** across Navi Mumbai (Nhava Sheva), Chennai, Pipavav, Mundra, and Kochi. - Completed **over 200 hectares** of port development, with **more than 100 hectares currently under execution**. - Served as India’s first private port constructor (Nhava Sheva for P&O Ports, now DP World) in 1997. - Executed India’s first transshipment terminal at Kochi’s ICTT Vallarpadam in 2007. - Associated with five major Indian port projects, including long-term engagements with PSA Group (BMCT at JNPT). - **Other Infrastructure Projects**: - Executed over **50 million square feet** of construction, including mass housing, high-rise towers, industrial, commercial, and government residential projects. - Specializes in **complex infrastructure works** using advanced MIVAN technology (e.g., Orchid Woods and one of Mumbai’s largest slum rehabilitation townships). - **Current EPC Order Book**: - ₹354 crore as of **September 2025**, with ongoing bidding in government and infrastructure sectors. - Focus remains on reclamation, roads, and port development contracts. --- ### **Real Estate Division: Premium Redevelopment with an Asset-Light Strategy** MICL has established a strong real estate footprint in the **Mumbai Metropolitan Region (MMR)**, launching high-profile projects under the **Aaradhya** and **Atmosphere** brands, synonymous with quality and trust. #### **Key Strengths** - **Asset-light models**: Uses **Joint Ventures (JV), Joint Development Agreements (JDA), and Development Management (DM)** to minimize capital investment, reduce risk, and enhance scalability. - **In-house execution**: Leverages MICL’s EPC muscle—owned plant, equipment, and construction expertise—for efficient and timely delivery. - **Track record of timely execution**: All **19 completed real estate projects delivered ahead of schedule**, including Atmosphere O2 in Mulund (~7.2 lakh sq. ft., delivered in <3.5 years) and Aaradhya HighPark (Dahisar, 30 storeys). #### **Notable Projects in India** - **Aaradhya Projects**: - *Aaradhya HighPark (Dahisar)*: 30-storey towers, delivered with full sell-out. - *Aaradhya EastWind (Vikhroli)*: 34-storey tower, delivered 17 months early. - *Aaradhya Parkwood*: Ongoing project in Mira Road with high sales velocity (over 50% sold). - *Aaradhya OnePark (Ghatkopar)*: Gated community of 10 societies (4.3 lakh sq. ft.; ~50% sold). - *Aaradhya Avaan (Tardeo)*: One of **India’s tallest residential towers** (>1,000 ft; 6.5 lakh sq. ft.), under execution via DM model; expected to generate ₹3,000+ crore in real estate value. - **Atmosphere Projects (Mulund)**: - *Atmosphere O2*: 3 residential and 1 commercial tower (18.6 lakh sq. ft. construction; nearly 100% sold). - *Atmosphere Tower G*: 3.2 lakh sq. ft.; ~30% sold; generating equity and DM margins. #### **Upcoming Real Estate Launches (India)** - **Artek Park in BKC (Oct 2025)**: - 26-storey tower with 3- and 4-BHK luxury homes (3 units per floor). - Construction area: ~5.4 lakh sq. ft.; possession in 4 years. - **Marine Lines (South Mumbai)**: 530,000 sq. ft. under 100% ownership (DM model), one of Mumbai’s tallest sea-facing towers (>800 ft). - **Goregaon West (Royal Netra)**: 17.5 lakh sq. ft. mixed-use project (MICL stake: 33.32%). - **Pali Hill, Bandra West (Virgo CHSL)**: 50,000 sq. ft. luxury redevelopment (MICL stake: 34%). #### **Real Estate Portfolio & Sales** - **Ongoing projects**: ~3.8 million sq. ft. - **Pipeline (ongoing + upcoming)**: ~5.0 million sq. ft. - **Total carpet area across listed projects**: ~23.3 lakh sq. ft. - **Total sales potential**: Exceeds ₹6,600 crore. - **Cumulative sales**: ₹9,900 crore as of **September 2025**. - **Future sales visibility**: Over ₹11,000 crore from existing and upcoming developments. --- ### **International Expansion: Entering the U.S. Luxury Market** MICL has launched global ambitions through **MICL Global Inc.**, a wholly owned subsidiary in Delaware. - **Projects in Florida, USA**: - *Completed*: **3090 McDonald Avenue, Miami** (100% owned), 6,000 sq. ft.; occupancy certificate secured in Jan 2024. - *Ongoing*: - **551 Bayshore, Fort Lauderdale** (Ritz-Carlton Residences by Marriott): 83 units, 25% stake. - **Botanic, Brickell, Miami**: 51 units, ~41,000 sq. ft., 40% stake. - *Upcoming*: - **Tigertail, Miami**: ~8,000 sq. ft., 50% stake. - **1250 West Avenue, Miami Beach**: >100 units, ~370,000 sq. ft., 7.7% stake. - **Strategy**: Leverages **strategic partnerships with global brands** (e.g., Marriott Group) and **local developers** to reduce execution risk and access high-margin branded residential markets. --- ### **Business Models & Revenue Streams** MICL generates income through multiple models, adapting based on project strategy: | **Model** | **Role** | **Income Stream** | |---------|--------|------------------| | **Own (100% or Majority Stake)** | Full or partial developer | Equity margin, EPC margin | | **Joint Venture (JV)** | Partner with landowners or co-developers | Equity profits, DM fees | | **Development Management (DM)** | Manages planning, construction, sales | DM fees, PMC margins, interest income | This diversified approach supports **high return on capital** even in low-asset scenarios. --- ### **Key Highlights & Milestones** - Delivered **19 real estate projects ahead of schedule**. - Constructed **over 50 million sq. ft.** across real estate and infrastructure. - Built **one of India’s largest cluster developments** (Aaradhya OnePark). - Achieved **near 100% sell-out rate** for delivered projects (e.g., Atmosphere O2, Aaradhya Evoq). - Launched one of **India’s tallest towers in Tardeo (Aaradhya Avaan)** and a **premium redevelopment in BKC (Artek Park)**. - Recognized with the **Hurun India Industry Achievement Award 2022** in Civil Construction. ---