MARG Limited
Encyclopedia
MARG Limited. formerly MARG Constructions Ltd. is India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

's fast growing diversified Infrastructure and Realty development companies. MARG is accredited ISO 9001: 2000 – by DASCL of UK. The Spirit of Visioneering is the motto and a way of life at MARG. MARG's vision statement is Creating Landmarks. Building Values.

Overview

Established in 1994, the company is promoted by G R K Reddy, a first generation entrepreneur. The company is a listed public limited company at the Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...

 and the Luxembourg Stock Exchange
Luxembourg Stock Exchange
The Luxembourg Stock Exchange is a stock exchange based in Luxembourg City, in southern Luxembourg.The Exchange is located on avenue de la Porte-Neuve,...

 (FCCB / GDR). The MARG group employs over 1000 people at various locations across India. MARG is currently developing the Karaikal port
Karaikal port
Karaikal Port Private Limited , a private port developed by the Chennai based MARG Limited, became operational in April, 2009. The port is located on the Eastern coast of India in keezhavanjore village in Karaikal District of Pondicherry state around 300 Km along the coast south of Chennai Port...

. The Riverside Mall on Rajiv Gandhi Salai
Rajiv Gandhi Salai
Rajiv Gandhi Salai , previously known as Old Mahabalipuram Road or IT Corridor is a major road in suburban Chennai, India, beginning at the Madhya Kailash temple in Adyar and continuing south till Mahabalipuram, ultimately merging with the East Coast Road...

 in Chennai and Marg Swarnabhoomi, a new city encompassing Special Economic Zones for Multi-services and Engineering sector including auto ancillaries among other projects.

The company also has other development projects on Old Mahabalipuram Road, Chennai’s IT Corridor. MARG’s clientele includes market leaders such as Scope International (Standard Chartered Bank), Tata Consultancy Services
Tata Consultancy Services
Tata Consultancy Services Limited is a global IT services, business solutions and outsourcing company headquartered in Mumbai, India. It is the largest provider of information technology in Asia and second largest provider of business process outsourcing services in India...

, Satyam Computer Services, BHEL, Enercon India and Slash Support Systems among others.

MARG was honoured as the fastest growing construction company in India in the medium category at the 6th annual Construction World Awards 2008 in Mumbai

Timeline

  • 1994: Founded by Mr.G.R.K.Reddy, a first generation entrepreneur.
  • 1995: May: MARG announced an IPO (Raised Rs.120 Lakh) and began trading on the Bombay Stock Exchange
    Bombay Stock Exchange
    The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...

  • 1995: December: Developed MARG Center, an 8000 sq ft (743.2 m²). commercial complex in Vijayawada
    Vijayawada
    Vijayawada is the third largest city in Andhra Pradesh, India, located on the banks of the Krishna River and bounded by the Indrakiladri Hills on the West and the Budameru River on the North. The city is located in the Krishna District, about from the state capital Hyderabad.Vijayawada literally...

    , Andhra Pradesh
    Andhra Pradesh
    Andhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...

    .
  • 1996: Launched Sai Subhodaya Apartments in Chennai
    Chennai
    Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...

    .
  • 1998: Completion of Wescare Towers in Chennai
    Chennai
    Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...

    .
  • 2004: Completion of MARG's Digital Zone I, on the Chennai IT Corridor.
  • 2006: Obtained the Government of Pondicherry's concession for the development of a modern port at Karaikal
  • 2006: Foreign Currency Convertible Bonds ( FCCB ) launched
  • 2006: MOU with Oakwoord Asia Pacific for operation and management of serviced apartments.
  • 2006: Entered into a joint venture with Housing and Urban Development Corporation Ltd. (HUDCO) to form Signa Infrastructure India Limited.
  • 2007: March: Conceived the " Riverside Mall cum Business Hotel " project
  • 2007: May: Formal approval for MARG's SPV, New Chennai Township Private Limited ( NCTPL )
  • 2007: June: Completion of MARG Square, on the Chennai IT Corridor.
  • 2007: July: Completion of Digital Zone II, on the IT Corridor.
  • 2007: August: Launched "Ramlakshmi Enclave" in Tenali, Andhra Pradesh
  • 2007: November: Launched Tapovan Villas
  • 2008: February: Launched MARG Swarnabhoomi - the 24 Carat Neo City with 2 notified Special Economic Zones
  • 2008: May: MARG to develop Fishing Harbour at Rajakkamangalam Thurai, near Kanyakumari
    Kanyakumari
    Kanyakumari is a town in the state of Tamil Nadu in India. It is also sometimes referred to as Cape Comorin. Located at the southernmost tip of the Indian Peninsula, it is the geographical end of the Indian mainland. The district in Tamil Nadu where the town is located is called Kanyakumari...

    .
  • 2008: August: MARG awarded the fastest growing infrastructure company in the medium category at the 6th Annual Construction World Awards in Mumbai
  • 2008: August: MARG Chennai Marathon in aid of Give Life Charity
  • 2008: December: MARG awarded the contract for the development and operation of the Bijapur
    Bijapur, Karnataka
    Bijapur Urdu:بیجاپور city is the district headquarters of Bijapur District of Karnataka state. Bijapur city is well known for its historical monuments of architectural importance built during the rule of Adil Shahi dynasty...

     greenfield airport
  • 2008: December: MARG signs Consultancy Agreement with Surbana of Singapore for prefab construction technology for MARG Swarnabhoomi
  • 2009: January: Formal Approval for Port Based SEZ at Karaikal
    Karaikal
    Karaikal is a major port city of east coast of India and a municipality in Karaikal district in the Union Territory of Pondicherry, India. Several explanations are offered for the word 'Karaikal'. The imperial Gazetteer gives it the meaning 'fish pass'. According to Julien vinson the town is said...

  • 2009: January: MARG launches Pushpadruma - an apartment project at Kalavakkam on the Old Mahabalipuram Road in Chennai.
  • 2009: February: MARG and Bala Vidya Mandir, Chennai sign MoU to setup a concept school at MARG Swarnabhoomi called BVM Global.
  • 2009: March: MARG launches Vishwashakti, an integrated township in the temple town of Tirupati, Andhra Pradesh
    Andhra Pradesh
    Andhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...

  • 2009: April: Karaikal Port Inaugurated
  • 2009: April: MoU signed with Chinmaya Heritage Centre for MARG Chennai Family Quiz 2009
  • 2009: May: Swarnabhoomi Academy of Music Envisioned by Prasanna Launched
  • 2009: October: MARG Swarnabhoomi hosts a stop on AR Rahman's Jai Ho World Tour in aid of Shakti Foundation
  • 2009: October: MARG launches MARG ProperTies Brand for its real estate vertical
  • 2009: October: MARG ProperTies launches Utsav apartments at MARG Swarnabhoomi
  • 2009: November: Satsang and foundation stone laying ceremony for Utsav, Swarnabhoomi Academy of Music and Dhyaan Dham at MARG Swarnabhoomi by His Holiness Sri Sri Ravi Shankar
  • 2010: January: Karaikal Port flags off its first railway cargo
  • 2010: February: MARG Puduvai Marathon in association with Rotary Club of Pondicherry
  • 2010: March: MoU signed with Virginia Tech, USA to setup Virginia Tech MARG Swarnabhoomi campus
  • 2010: April: MARG launches Savithanjali apartments on OMR in Chennai
  • 2010: July: MARG launches Maha Utsav and Sky Meadows apartments at MARG Swarnabhoomi
  • 2010: July: Swarnabhoomi Academy of Music commences with its Six Month Diploma Program
  • 2010: Sep: Swarnabhoomi Academy of Music is officially inaugurated

Present Day and Projects

MARG group’s business verticals are broadly classified as Port & Logistics, Industrial Clusters, Commercial Infrastructure and Residential Projects.

The Karaikal Port, being developed by Karaikal Port Private Limited (KPPL), a wholly owned subsidiary of MARG in association with the Pondicherry government was inaugurated on Apr 15 2009. The first cargo vessel 'M.V.Beluga Fanfare' containing two harbour mobile cranes was received on this day.

The Company has signed a MOU for building a Private fishing harbour at Rajakamangalam Thurai, Kanyakumari District
Kanyakumari District
Kanyakumari District ) is a district of Tamil Nadu state, India and is the southernmost land area of mainland India.The district is the second most urbanised district in Tamilnadu, next only to Chennai and ahead of Coimbatore. It also has the highest literacy and education levels in the...

, The Private harbour is to be built and made operational by Oct 2010.The Foundation Stone Ceremony was held on May 25, 2008 at Rajakkamangalam Thurai Village.

MARG has recently been awarded the contract for the development and operation of the greenfield airport
Airport
An airport is a location where aircraft such as fixed-wing aircraft, helicopters, and blimps take off and land. Aircraft may be stored or maintained at an airport...

 in Bijapur
Bijapur, Karnataka
Bijapur Urdu:بیجاپور city is the district headquarters of Bijapur District of Karnataka state. Bijapur city is well known for its historical monuments of architectural importance built during the rule of Adil Shahi dynasty...

. The ground breaking ceremony was held on December 7, 2008.

In October 2009, MARG announced its entry into the Sri Lankan market with an affordable housing project. The project is being promoted by the Sri Lankan government with assistance from the Asia Development Bank and World Bank.

MARG Swarnabhoomi

MARG Swarnabhoomi - is an integrated business city coming up on the East Coast Road connecting Chennai and Pondicherry in the southern part of India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

. The city is developed and promoted by New Chennai Township Pvt. Limited(NCTPL), a wholly owned subidiary of MARG Limited. Designed by HOK (Hellmuth, Obata and Kassabaum
Hellmuth, Obata and Kassabaum
HOK is a global architecture, interiors, engineering, planning and consulting firm. HOK is the largest U.S.-based architecture-engineering firm and the "No. 1 role model for sustainable and high-performance design." HOK also is the second-largest interior design firm...

), Chicago, the city encompasses two special economic zones along with a residential area and support infrastructure. Recently it was announced that a music academy will be coming up at MARG Swarnabhoomi.

MARG Swarnabhoomi Location

MARG Swarnabhoomi is located just off East Coast Road connecting Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...

 and Pondicherry at a distance of 75 km from Tiruvanmiyur, Chennai and 60 km ahead of Pondicherry.

Mode To Distance Significance
Airports Chennai International Airport
Chennai International Airport
Chennai International Airport , formerly known as Madras International Airport is located in Tirusulam, south of Chennai , India...

 
80 km
Seaports Chennai Port
Chennai Port
Chennai Port , formerly known as Madras Port, is the second largest port of India, behind the Mumbai Port, and the largest port in the Bay of Bengal. Being the third oldest port among the 12 major ports of India, it is over 125 years old, although maritime trade started way back in 1639 on the sea...

 
90 km
Karaikal
Karaikal
Karaikal is a major port city of east coast of India and a municipality in Karaikal district in the Union Territory of Pondicherry, India. Several explanations are offered for the word 'Karaikal'. The imperial Gazetteer gives it the meaning 'fish pass'. According to Julien vinson the town is said...

 Port
165 km
Nearby Areas of Interest Mahabalipuram  35 km Heritage City and Tourist Spot
Marakkanam
Marakkanam
Marakkanam is a Coastal panchayat town in Viluppuram district in the Indian state of Tamil Nadu.It is well connected to the State Capital Chennai & nearby State Pondicherry by East Coast Road...

 
20 km Salt Farms
Pondicherry  60 km Past French Colony and Tourist Destination
Sriperumbudur
Sriperumbudur
Sriperumbudur is an industrial city in Kanchipuram district in the Indian state of Tamil Nadu. It is located in proximity to Chennai. It is famous for being the birth place of Sri Ramanuja, one of the most prominent Hindu Vaishnava saints as well as the town where former Indian Prime Minister...

 
85 km Industrial and Electronics Hub


Special Economic Zones

MARG Swarnabhoomi has two special economic zones for business development.

1. Engineering Special Economic Zone: Spread over 116 acre (0.46943576 km²), the Engineering
Engineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...

 Special Economic Zone caters to Engineering companies that are in the Green and Orange Pollution Categories. Sectors such as Automotive Components, Precision Instruments, Gears, Fasteners, Machine Tools etc. can be part of this Special Economic Zone. A proposed DTA (Domestic Tariff Area) is also coming up near the Engineering SEZ.

2. Multi Services Special Economic Zone: Spread over 125 acre (0.5058575 km²), the Multi Services Special Economic Zone caters to sectors such as IT
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...

, ITES, BPO
BPO
BPO can refer to:* Benzoyl Peroxide* Berlin Philharmonic Orchestra* Brisbane Philharmonic Orchestra* Buffalo Philharmonic Orchestra* Built-in product obsolescence, another name for Planned obsolescence...

, KPO
Knowledge process outsourcing
Knowledge process outsourcing is a form of outsourcing, in which knowledge-related and information-related work is carried out by workers in a different company or by a subsidiary of the same organization, which may be in the same country or in an offshore location to save cost...

, Animation and Simulation Services, Medical Tourism
Medical tourism
Medical tourism is a term initially coined by travel agencies and the mass media to describe the rapidly-growing practice of travelling across international borders to obtain health care...

, R&D among others

Residential Zone

MARG Swarnabhoomi will also consist of 14000 residential units. Phase 1 and 2, christened MARG Navratna consists of 1, 2, 3 and 4 Bedroom apartments and 4 Bedroom Penthouses along with a Club House. Phases 1 totaling 300 apartments is complete and Phase 2 totaling around 280 apartments is currently under construction and expected to be ready by End 2010. Phase 3, christened Utsav was launched in 2009. Recent launches are Maha Utsav and Sky Meadows in MARG Swarnabhoomi.

Other Updates at MARG Swarnabhoomi

NCTPL signed a prefab consultancy agreement with Surbana International Consultant Pte Ltd of Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

.

The school at MARG Swarnabhoomi is a unique concept. Called BVM Global, and established in collaboration with Bala Vidya Mandir, Chennai, this school has Phase 1 operational from Aug 2009.

MARG has recently joined hands with world renowned guitarist and composer R. Prasanna to establish Swarnabhoomi Academy of Music , a professional music school at Marg Swarnabhoomi. The academy recently concluded its UNLOCK YOUR POTENTIAL music workshop for advanced level musicians.

Karaikal Port

Karaikal Port - a wholly owned subsidiary of Marg Constructions, has tied up with Pembianaan Redzai Sdn Bhd of Malaysia to form an independent company to manage the all-weather deep port, - Phase I is completed and work for the Phase 2 has already been started. Karaikal port - went on stream last year 2009, is a bulk cargo terminal that has handled over half a million tonnes already. The first cargo transported by rail was petcoke for Madras Cements' factory at Ariyalur in Tamil Nadu on January 2010. Railway connectivity will result in significant increase in the capacity of the port, which will allow more efficient utilisation of the storage area, thereby enhancing the cargo handling capacity.

MARG ProperTies

MARG ProperTies, the residential arm of MARG has the projects Utsav, Navratna, Ramlakshmi Enclave, Pushpadruma, Vishwashakthi, Tapovan and Savithanjali on construction

MARG’s Real Estate Commercial

MARG’s Real Estate Commercial division is currently engaged in developing a large 1800000 sq ft (167,225.5 m²). ‘mixed use’ development called MARG Junction on a large 7.3 acres (29,542.1 m²) property located in Karapakkam on the Old Mahabalipuram Road. A Destination Mall, 5 Star Hotel and Office Towers are part of this project

MARG Foundation

MARG Foundation India is MARG's Engineering, Procurement and Construction business (EPC) arm. It is focused on providing integrated turnkey solutions and has a customer base of BHEL,Slash Support Systems,Asian wind turbines,PACL,Enercon India,Rci Power, Gulshan chemfill,Assotech,Das lagerwey wind,Aptransco,Alstom,Nulzveedu seeds, Metoro Rail corporations, Railways, Elcot, Nedcap among others

MARG Aviations

MARG Aviations Private Limited - Bijapur Airport Project-Government of Karnataka has issued Letter of Award to MARG Limited for the development of Bijapur airport project on November 2008. For the development of airside and other city side commercial amenities, has been provided with 727.04 acres (2.9 km²) of land on BOT basis for a total period of 90 years which is extendable at the end of every 30th year on mutual concern. The total project cost during Phase I of development is estimated around Rs.150 Crores and out of which Rs.50 Crores is set aside for the commercial developments.

CSR

MARG has embraced the principle of ‘Inclusive Living’ in society as its approach towards social responsibility. Towards this goal, MARG has focused its initiatives in the areas of education, health & sanitation, and skill development for employability. A socially responsible organization, MARG has also partnered with the Confederation of Indian Industry
Confederation of Indian Industry
The Confederation of Indian Industry is a non-government, not-for-profit, industry-led and industry-managed organisation, seeking to play a proactive role in India’s development process. The organisation works to create and sustain an environment conducive to the growth of industry in India,...

 (CII) to launch the Grassroots Level Skill Development Initiative (GLSDI). This program will train 5000 rural youth over 18 months in pre-employment and basic industrial skills in Cheyyur Taluk, Tamil Nadu
Tamil Nadu
Tamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh...

. This project targets to create social inclusiveness, and also provide the economically vulnerable youth with an opportunity to be a part of the mainstream economy.

In April 2008, CII – MARG organized a first of its kind Rural Job Fair to enhance employment opportunities for the rural youth trained by the GLSDI program. Services, retail and construction companies participated to tap rural talent. Over 450 youth have gained employment with this initiative.

MARG has also launched ‘Parivarthan’- A Centre to Inspire a Chain of Change at MARG Swarnabhoomi. The Centre will have the infrastructural capacity and facilities to impart the Grassroots Level Skill Development Initiative (GLSDI) training to 200 youth per batch. The centre will focus on skill training, rural business development programs, career counseling and in creating health & nutrition awareness.

The MARG Chennai Marathon
Marathon
The marathon is a long-distance running event with an official distance of 42.195 kilometres , that is usually run as a road race...

 (Half Marathon
Half marathon
A half marathon is a road running event of . It is half the distance of a marathon and usually run on roads. Participation in half marathons has grown steadily recently. One of the main reasons for this is that it is a challenging distance, but does not require the same level of training that a...

 to be precise) was held on 31 August 2008 in aid of GIVELIFE CHARITY. The events that were held were the 21.09 km Half Marathon and the 7 km Chennai City Run among others. Over 170,000 people turned up for what became one of the largest City Runs witnessed.

Centre of Excellence for Infrastructure

MARG, in association with the Great Lakes Institute of Management
Great Lakes Institute of Management
Great Lakes Institute of Management is a business school located in the South Indian city of Chennai...

 has launched the ‘Centre of Excellence for Infrastructure’. The company has planned an investment of Rs.3 crore, for setting up the Centre of Excellence for Infrastructure in Chennai
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...

. Mr. N. R. Narayana Murthy
N. R. Narayana Murthy
Nagavara Ramarao Narayana Murthy , better known as N. R. Narayana Murthy, is an Indian industrialist and software engineer. He and six other engineers founded Infosys in 1981. Mr. Murthy served as CEO from 1981 to 2002. From 2002 to 2011, he served as Chairman...

, Chief Mentor, Infosys
Infosys
Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...

Technologies Ltd had announced the launch of the centre in Dec 2007. The programs offered at the Centre would be mindful of the unique socio-economic and cultural diversity of the nation.

External links

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