History

The Eldeco group was founded in 1975 in Agra by S. K. Garg to professionally undertake real estate and construction projects. The Eldeco Group was formed with a vision to excel in this field on the ideals of timely delivery, ethics in business and transparency.

1975 - 1984

ECPL UNDERTAKES REAL ESTATE AND CONSTRUCTION PROJECTS

ECPL undertakes real estate and construction projects in Agra and other towns of UP and gradually acquires a strong reputation for its fair and transparent business practices.

1985

ELDECO HOUSING AND INDUSTRIES LTD. (EHIL) GOES PUBLIC

Eldeco Housing and Industries Ltd. (EHIL) goes public and is listed on the Bombay Stock Exchange. Public issue hailed by investors in Eldeco's catchment area as a source of local pride.

1985 - 1993

ELDECO STRENGTHENS ITS POSITION AS THE MARKET LEADER

Eldeco strengthens its position as the market leader in UP. Establishes strong presence in Lucknow developing amongst others, 300 acres in joint development with Lucknow Development Authority - one of the first instances of Public Private Partnership (PPP) in the country.

1993

O. P. BAJAJ JOINS EHIL AS CO-PROMOTER

O. P. Bajaj, a prominent Agra based businessman, joins EHIL as co-promoter. The group adds many more projects to its portfolio in the next few years.

1996

PANKAJ BAJAJ JOINS EHIL

Pankaj Bajaj, son of O. P. Bajaj, joins the board of EHIL. His background includes a B Com. (Hons.) from Shri Ram College of Commerce (1993), Delhi, an MBA from IIM Ahmedabad (1995) and a short stint as a Management Consultant advising MNCs on their entry strategy in India.

1996 - 1999

THE GROUP EXPANDS ITS OPERATIONS IN LUCKNOW AND KANPUR

The Group expands its operations in Lucknow and Kanpur. Business focuses on development of large scale residential projects.

2000

PANKAJ BAJAJ FORMS A NEW COMPANY EIPL

Pankaj Bajaj forms a new company, Eldeco Infrastructure and Properties Ltd. (EIPL). EIPL's focus is to undertake large projects in the NCR of Delhi and other states of North India.

2000-2004

EIPL EXPANDS RAPIDLY IN THR NCR OF DELHI

EIPL expands rapidly in the NCR of Delhi with a number of successful residential projects especially in the Noida and Greater Noida region. EHIL continues its leadership position in Lucknow and Kanpur.

2005-2008

ELDECO GROUP EXPANDS RAPIDLY WITH THE INTEGRATED TOWNSHIP FORMAT

Eldeco group expands rapidly with the integrated township format to Sonepat, Panipat, Ludhiana and Jalandhar. One of largest Industrial Parks in the PPP format- 1200 acres in Sitarganj, Uttarakhand - is undertaken by EIPL. FDI partnership is tied up for township projects in Lucknow and Jalandhar.

2006

PROMOTERSHIP RESHUFFLE IN EHIL

Pankaj Bajaj and EIPL take over promoter holding of EHIL.

2008

OCH ZIFF TAKES EQUITY POSITION IN EIPL

One of the largest Hedge Funds Group in the world - Och Ziff - takes equity position in the unlisted EIPL.

2008-2011

THE GROUP FOCUSES ON EXECUTION OF LARGE SCALE PROJECTS

The Group focuses on execution of large scale projects in hand in the aftermath of the worldwide financial crisis. Large scale deliveries are achieved in Noida, Greater Noida, Lucknow, Panipat, and Ludhiana.

2012

THE GROUP LOOKS FOR GROWTH AGAIN

The Group enters Rajasthan with 2 large residential projects in Neemrana. New projects launched in Lucknow by EHIL.

2015

THE GROUP RE-ENTERS THE GURGAON MARKET

The group re-enters the Gurgaon market with mid-income housing on Sohna Road. Gives successful exit to numerous FDI and Private Equity partners.

2017

NEW PROJECTS

Many new projects are tied-up including the group’s maiden entry into the Delhi office market.