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Incorporated as Omaxe Builders Private Limited in 1989, to undertake construction & contracting business, the company changed its constitution to a limited company known as Omaxe Construction Ltd., in 1999. The name of the company has now changed to Omaxe Ltd in 2006.
Omaxe was founded by Shri. Rohtas Goel, a first generation entrepreneur, a civil engineer by qualification and a visionary. With over two decades of experience in construction and real estate development, Rohtas Goel, as Chairman & Managing Director of Omaxe Ltd., has been at the forefront of the real estate industry, following its motto “Turning Dreams into Realty” through building world class residential and commercial projects.
As a civil construction and contracting company, Omaxe successfully executed more than one hundred and twenty industrial, institutional, commercial and residential projects for a number of prestigious Indian private, public sector and Multinational's clients such as Amity University, LG, Pepsi, Samsung, Wave Cinemas, National Brain Research Centre, P.G.I. M.E.R, Apollo Hospitals and Delhi High Court.
To capture the opportunities offered by the growing real estate market in India, Omaxe entered the real estate development business in 2001.
Today and Tomorrow
In the span of a few years, Omaxe Ltd. has experienced exponential growth and success, crowned by its landmark IPO oversubscribed by 68 times in 2007, and is now amongst the largest public-listed real estate development companies in India.
The company has completed and delivered more than 63.34 mn sq ft since inception – 30 mio sq ft of construction projects and 33.34 mn sq ft of real estate developments.
The company is currently working on 40 real estate projects - 17 Integrated Townships including a Hi-Tech Township, 14 Group Housing projects, 7 Shopping Malls & Commercial Complexes, and 2 Hotel projects. Besides, Omaxe has a diversified portfolio of infrastructure and construction contracting businesses. In this vertical, there are 15 ongoing projects that comprises of EPC Contracts, Roads & Bridges construction. Omaxe has progressed with leaps and bounds already making its presence felt in 40 cities and 12 states across the country. The company posted consolidated net revenue of Rs 1522 cr and net profit of Rs 92.7 cr (on consolidated basis) in the Fiscal year 2010-11.
To undertake such expansion, Omaxe Ltd. today, is backed by a professional and competent Team Omaxe: a constantly growing workforce of currently over Nineteen hundred professionals, including highly-qualified engineers, architects, Chartered Accountants, MBA’s, etc. With high standards in line with Mr. Goel’s vision and ambitions, Team Omaxe makes Omaxe Ltd. a strong, structured and high-growth ISO-certified company with a bright future. Taking forward our vision to provide an environment of professionalism, competence, teamwork and service excellence, Omaxe is working towards benchmarking our HR policies with the best employers and international standards.
Thanks to its strong experience in construction, Omaxe’s uniqueness also lies in the fact that the company doesn't give its projects on sub contract: while assuring timely completion, this also allows keeping pace with the progress in construction technology, helping to give clients “value for money”.
Today, OMAXE enjoys a reputation of being one of India's leading real estate developers with an indelible focus on customer satisfaction. Omaxe has adopted quality system standards that integrate technological and design innovations with a strong technical base to provide state-of-the-art real estate options. Omaxe has also been amongst the first to:
offer Penalty Clause
introduce Sample Flats concept
offer ready-to-move-in homes
Besides this, Omaxe is the first to have created and implemented the concept of Eco Friendly City, integrating Environment Protection Measures in all projects, with a defined implementation process.
For Omaxe, environment protection and innovative architecture and practices are the standards of today and tomorrow’s in real estate development.
Achievements & Awards
Omaxe was the first Construction Company of northern India to receive an ISO 9001:2000 Certification.
Omaxe has received a number of awards from the industry as recognition of its continued commitment and efforts towards achieving excellence in concept and construction quality.
‘Svedala’, ‘Udyog Ratna', ‘Pride of the Country', ‘Arya Vaidya Sala' & ‘Industrial Award' are some of the many prestigious awards that have honored Omaxe in the past years.