Building The Bridge To Success: How Brigade Enterprises Yielded 1810% Returns
If you had ₹1 lakh invested in December 2008, you could have had ₹19.1 lakhs today! This multibagger gave its investors 1810% returns. Here’s a quick peek at the company.
🏢 Stock Name: Brigade Enterprises Ltd.
🏢 NSE: $BRIGADE
⭐ About The Company
Brigade Enterprises is one of South India’s leading property developers which was founded in 1990 by M R Jaishankar as a partnership firm with Gita Shankar. It primarily dealt with real estate development. The Brigade Group now deals with a range of real estate services, as well as dabbles in the hospitality and education sector. After its incorporation as a private limited company in 1995, it was converted to a public limited company in 2007.
🌍 Global Presence
Headquartered in Bengaluru, Brigade Enterprises has established its operations in urban and suburban locations in South India. It has a series of residential buildings, commercial properties, retail spaces and hotels in Bengaluru, Mysuru, Chennai, Chikmagalur, Mangalore, Hyderabad and Kochi. Additionally, Brigade Enterprises owns and operates the Brigade International Finance Center in GIFT City, Gujarat. The company founded a subsidiary called Brigade Hospitality Services Limited to deal with hotels, clubs, convention centres and more.
Brigade Enterprises serves a number of overseas clients and is also home to various international brands in its retail shopping centres. In addition to this, the company has a representative registered office in Dubai, UAE.
🏆 Awards & Accolades
For its work in the field of real estate development, the Brigade Group has received a number of awards and accolades:
🥇 IMC Ramkrishna Bajaj National Quality Award, 2011
🥇 Premium Villa Project of the Year by NDTV Property Awards, 2018
🥇 Best Developer of the Year by Times Business Awards, 2019
💰 Stock Value
On December 6, 2008, the company’s shares were trading at ₹26.10, while they were priced at ₹498.75 as of December 5, 2022.