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Graand Prix Luxury Elevators Limited Unlisted Shares
DRHP Status : Not Filed
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Fundamentals About Graand Prix Luxury Elevators Limited
Downloads & Investor Documents
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Key Financials of Graand Prix Luxury Elevators Limited
About Company
The following table presents a 10-point analysis of Graand Prix Luxury Elevators Limited. Each parameter is explained in detail in the sections below.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Luxury elevator solutions | The company operates in the premium elevator and vertical mobility segment, focusing on design, engineering, and installation of luxury elevators. |
| Incorporation | 12 May 2023 | Recently incorporated company positioned in the high-end elevator and construction equipment industry. |
| Industry Segment | Machinery & specialized construction | Operates within the machinery and construction equipment ecosystem, serving premium residential and commercial projects. |
| Core Products | Luxury elevators and vertical mobility solutions | Focuses on high-end elevator installations designed for luxury residences and commercial buildings. |
| Infrastructure & Operations | Engineering and installation services | Provides solutions across design, installation, and maintenance of premium elevators. |
| Target Market | Luxury real estate and premium developments | Serves high-end residential towers, luxury villas, and commercial projects. |
| Capital Structure | Authorized capital ₹20 Cr Paid-up capital ₹19.81 Cr |
Strong initial capital base for a newly incorporated engineering company. |
| Industry Opportunity | Growth in luxury real estate | Rising demand for premium residential and commercial developments drives elevator demand. |
| Growth Strategy | Expansion in luxury vertical mobility segment | Focus on premium installations and customized elevator solutions. |
| Liquidity | Unlisted equity | Shares are traded in the private unlisted market depending on investor demand. |
Company Overview
(i) Graand Prix Luxury Elevators Limited operates in the luxury elevator and vertical mobility solutions sector.
(ii) The company focuses on design, engineering, installation, and servicing of high-end elevators used in premium real estate developments.
(iii) Incorporated on 12 May 2023, the company is a public unlisted company registered with the Registrar of Companies, Mumbai.
(iv) The company operates in the machinery and specialized construction equipment segment, supplying elevator solutions for residential and commercial infrastructure.
(v) Luxury elevators are increasingly demanded in premium residential towers, luxury villas, and commercial properties, supporting growth opportunities in the sector.
(vi) The company is headquartered in Mumbai, Maharashtra, and operates as a non-government public company under the Companies Act.
(vii) With the growth of high-end real estate developments in India, the demand for advanced vertical mobility systems and customized elevator installations continues to increase.
Challenges in the Business
- Dependence on-real estate sector: Demand for elevators depends heavily on construction activity and real estate development cycles.
- Competitive industry: The elevator industry includes large global players and domestic manufacturers.
- Technology and safety compliance: Elevator manufacturing and installation require strict regulatory and safety standards.
Financial Review of Graand Prix Luxury Elevators Limited
Here are some highlights of the financial performance of Graand Prix Luxury Elevators Limited over the past few years.
FY24 Performance
• Financial statements are limited due to recent incorporation in 2023.
• Revenue figures are not publicly disclosed in available filings.
• Financial structure mainly reflects initial capital deployment.
• Operations are in the early business development phase.
FY23 Performance
• The company was incorporated in May 2023, marking the beginning of operations.
• Financial activity primarily relates to capital formation and initial setup.
• Operational revenue details are not publicly reported yet.
• Focus remained on building operational capabilities.
Promoters of Graand Prix Luxury Elevators Limited
The company is managed by the following directors:
| Name | Role |
|---|---|
| Hariprasad Waman Nargund | Director |
| Ramkiron Lakshman Karkera | Director |
| Sandhya Narayan Poojary | Director |
These directors oversee the strategic direction and operational management of the company.
Quick Summary
Graand Prix Luxury Elevators Limited is a new entrant in India’s premium elevator and vertical mobility industry. The company focuses on delivering high-end elevator solutions for luxury residential and commercial developments.
Given the growth of premium real estate projects and smart buildings, companies operating in the luxury elevator segment may see rising demand for advanced vertical mobility systems.
However, since the company was recently incorporated in 2023, detailed financial performance data remains limited.
Click Here to visit the official website of Graand Prix Luxury Elevators Ltd.
Shareholding Pattern of Graand Prix Luxury Elevators Limited
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Frequently Asked Questions
These are equity shares of Graand Prix Luxury Elevators Limited that are not listed on stock exchanges and are traded in the private unlisted market.
The company was incorporated on 12 May 2023 in Mumbai, Maharashtra.
The company provides design, engineering, installation, and servicing of luxury elevators and vertical mobility systems.
No, the company is currently an unlisted public company.
Key directors include Hariprasad Waman Nargund, Ramkiron Lakshman Karkera, and Sandhya Narayan Poojary.
If unlisted shares are held for more than two years, capital gains are taxed at 20% with indexation. If sold earlier, gains are taxed according to the investor’s income tax slab.
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