Brigade Enterprises Limited (BEL) was originally set up as a partnership firm between M R Jaishankar and Gita Shankar in 1990. BEL was converted into a private company in 1995 and a public company in July 2007. It develops residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing around 115 serviced apartments under the brand, Brigade Homestead.
Since 1990 BEL has completed and delivered around 67 projects aggregating about 6.7 million square feet (sq ft) of space comprising residential (71% of the total developed area), commercial (IT parks/office buildings constituting 26% of the total developed area), and hospitality ventures (3%).
Apart from Brigade Investments, other firms—with different ownership structure/share holding patterns—were set up to handle different projects. New firms and subsidiaries included Brigade Investments & Projects Pvt. Ltd, Brigade Developers Pvt. Ltd, Brigade Constructions Pvt. Ltd and Brigade Enterprise Pvt. Ltd.
The partnership company Brigade Investments was dissolved in 1997. Operations were consolidated by merging all group companies through a High Court order into one flagship company, Brigade Enterprises Pvt. Ltd, in 2004. Brigade Hospitality Services Ltd - a 100% subsidiary company to focus efforts on the hospitality business—was set up in 2005. And Brigade facilitated the promotion of associated companies:
What began as a 5-member team has become a 1000+ Group. Brigade has an established brand name and reputation for consistently developing high-quality properties that are unique, reliable and convenient for our customers.
The status of the Company was changed to a public limited company by a special resolution of the members passed at an annual general meeting held on June 20 2007.The freshcertificate of incorporation consequent on change of name was granted to our Company on July 20 2007 by the Registrar of Companies Karnataka.
Besides Bangalore, BEL has taken up a few projects in Mysore and recently initiated some development activities in other parts of south India including Mangalore, Hyderabad, Chennai.
BEL came up with a public issue in December 2007 to fund the Rs 47.97-crore acquisition of 41.85 acres of land in Bangalore and Kottayam, the Rs 512.04-crore construction and development cost of ongoing and forthcoming projects, and gemeral corporate expenses.
BEL, Brigade Group’s flagship company, is a successful public limited company that has completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million sft of developable area. Many more projects are in different stages of conceptualisation and creation, in different cities in South India. These include luxury apartments, integrated enclaves, state-of-the-art software and retail facilities, serviced residences, resorts, clubs, schools, 5-star hotels, a convention centre, hospital and an SEZ.
The company is headquartered in Bangalore, with branch offices in several cities in South India and in Dubai. It has a uniquely diverse multi-domain portfolio that covers property development, property management services, hospitality and education. Our projects extend across several major cities in South India: Chennai, Chikmagalur, Hyderabad, Kochi, Mangalore and Mysore.
Completed projects of the company:
Brigade has been awarded the following certifications: