The company received the ‘Best Builder 2009’ award from the Karnataka State Town Planning Board  ‘Dream big to achieve big’, the statement goes well with Sushil Mantri, the founder of the reputed Mantri Developers. With just Rs 10 lakh as capital base, Mr Mantri came to Bengaluru on July 14, 1999 with a dream to become the most valued real estate company in South India. His faith, determination and path-breaking decision to choose Bannerghatta Road, which is located in the south of the city and was conceived as a poor investment area, for his maiden project Mantri Woodlands helped him to row against tide and successfully prove his mettle in the concrete, figure-driven world of real estate. Mr Mantri continued its winning spree and in 2006 shot to fame when Morgan Stanley Real Estate invested Rs 300 crore in the company. At present, the company is a leading realty player in South India.
Location
Headquartered in Bengaluru, the company has branch offices in Hyderabad, Chennai and Pune. The company also has a global representative in Singapore.
Line of Business
The company develops residential complexes, IT spaces, retail properties, hotels, serviced apartments and educational institutions.
Strengths
The ‘PQRST’ philosophy—comprising punctuality, quality, reliability, speed and transparency—which the company infuses into every project can be considered as the company’s major strength that has helped it to carve a niche in the dynamic real estate industry.
Exclusive Services
The company’s continuous endeavour to achieve more has encouraged it to break the fetters and not limit itself to ‘just’ a developer. With an aim to increase property’s utility and enhance value for its customers, it started two in-house service divisions, namely Mantri Home Care and Mantri Home Décor, which assist customers in their interior designing and property maintenance.
In addition, the company offers renting and reselling services. Moreover, the company organises periodic get-togethers and events for its customers and help them to develop a rapport with their neighbours. Moreover, its exclusive customer relationship programme known as Mantri Premier awards exciting and attractive rewards to customers for their referrals.
Projects
Over the last 11 years, the company has gifted the country’s real estate sector some exclusive residential and commercial projects. Among the many completed residential projects, mention may de made of Mantri Splendor, Mantri Flora, Mantri Classic and Mantri Residency.
The company’s current launch Mantri Square has brought in a revolution in the country’s commercial realty segment. Spreading over 1.7 million square feet with 252 retail outlets offering 10,000 brands, Mantri Square is one of the largest shopping malls in India.
At present, the company is busy completing various ongoing projects, comprising Mantri Espana and Mantri Tranquil in Bengaluru, Mantri Synergy I and II in Chennai and Mantri Celestia in Hyderabad.
Achievements
Soon after its inception in 1999, the company started bagging prestigious awards. Some of the key achievements in recent years are as follows:
Certifications
Mantri Developers is an ISO 14001:2004 and SA 8000:2008 certified company.
Shareholding Pattern
Mantri Developers is a private limited company.
Promoter
The promoter of the company is Sushil Mantri, who is also the managing director.
Turnover
Not disclosed
Profitability
Not disclosed |
