Aurum Proptech Ltd

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About Aurum Proptech Ltd

Aurum Proptech Limited, earlier known as Majesco Limited was incorporated as a Public Limited Company on June 27, 2013, founded by the first-generation promoter, Mr. Ashish Deora, in 1999. The name of the Company was changed to Aurum Proptech Limited on August 9, 2021. The Company is in the business of software development for the real estate and other services relating to real estate. The Company build integrated digital platforms that simplify, connect and enhance RealEstate journeys. By combining technology, data intelligence and curated services, it serves developers, investors, brokers and consumers through a single, coherent PropTech ecosystem. This includes transactions, rentals, investments and asset management across India's Real Estate market. The Company delivered landmark and state-of-the-art real estate projects in Mumbai Metropolitan Region. Its flagship project, Aurum Q Parc, is a premium BFSI office destination in Navi Mumbai, with LEED-designed sustainable and environment-friendly office buildings. The buildings are laced with cutting-edge Integrated Building Management Systems. The Singapore-based sovereign fund bought a built-up area of nearly 1.4 million square feet of commercial spaces in 2018 for Rs 930 crores from Aurum. The Company approved the acquisition of 51% stake in Pune-based software technology firm K2V2 for a consideration of Rs. 40 crores. With this acquisition, it started its journey in creating India's first Real Estate Technolog ...y Ecosystem. K2V2 provides Software as a Service (SaaS) products, services and Enterprise Software catering to the real estate industry and holds wide portfolio of PropTech, real estate brokerage and digital marketing product and services. Also, it has a portfolio of PropTech products like Sell. Do and Kylas. This investment is in line with Majesco's strategy to bring digital transformation in real estate sector by creating a PropTech ecosystem covering customer digital journey, property and asset management, development, investment and financing of assets. The Company's subsidiary, Majesco (USA) entered into a Merger Agreement on January 30, 2020, for acquisition of InsPro Technologies Corporation (Inspro), a U.S. based software leader in the life and annuity insurance market. In consideration for the merger, Majesco agreed to pay the sellers USD 12 million, subject to adjustments, upon the closing of transaction. The transaction is structured as a cash for stock merger and subject to customary closing conditions and approval of InsPro Technologies' stockholders. The transaction consummated on April 01, 2020 and purchase consideration of approx. Rs 8,669 lakhs was paid. Upon the closing of merger, InsPro became a direct wholly-owned subsidiary of Majesco (USA), and a step-down subsidiary of the Company. The Board of Directors of the holding company at its meeting held on October 8, 2020, approved a proposal to buyback of upto 74,70,540 fully paid up equity shares of face value of Rs 5 per share of the holding company for an aggregate amount not exceeding Rs 63,126 lakhs being 24.78% of the total paid up equity share capital at Rs 845 per equity share, which was approved by the shareholders on November 2, 2020 by means of a Special Resolution in Extra Ordinary General Meeting. A Letter of Offer was made to all eligible shareholders. The holding company bought back 15,74,088 equity shares out of the shares that were tendered by eligible shareholders, paid Rs 13,301 lakhs to the shareholders and extinguished the equity shares on December 23, 2020. In addition, the holding company paid Rs 3,084 lakhs as buyback tax and Rs 558 lakhs for expenses related to buyback. All the payment has been adjusted against the securities premium account. Capital redemption reserve of Rs 79 lakhs was created to the extent of face value of share capital extinguished. Aurum took over the operations of the erstwhile Majesco Limited in May, 2021. The Company acquired 100% stake in Helloworld Technologies India Private Limited through Share Purchase Agreement on May 27, 2022. Integrow Asset Management Private Limited became subsidiary w.e.f. September 01, 2022. The Company acquired 100% stake in Aurum Analytica Private Limited formerly known as Blink Advisory Services Private Limited) by executing Share Purchase Agreement on August 05, 2022. The Company acquired Myre Tech LLP in April, 2023 and launched Aurum WiseX, a digital distribution vertical for Real Estate Investments. It acquired 100% equity share capital of Nestway Technologies Private Limited in June, 2023. It acquired 100% stake in Vartaman Consultants Private Limited by executing Share Purchase Agreement on April 29, 2023. The Company incorporated Monk Tech Venture Private Limited as subsidiary on April 10, 2023 and further incorporated Cuneate Services Private Limited as wholly owned subsidiary on April 17, 2023. The Company acquired 100% stake in YieldWiseX Technologies Private Limited (formerly known as Vartaman Consultants Private Limited) by executing Share Purchase Agreement on 29-04-2023. Imogentechno Delta Park Private Limited (SPV) incorporated as wholly owned subsidiary on 09-01-2024. Wisetechno Private Limited (SPV) incorporated as wholly owned subsidiary on 10-01-2024 and further incorporated Bondsbrain Technologies Private Limited as wholly owned subsidiary on 29-02-2024. The Company acquired PropTiger Marketing Services Private Limited from REA Group for 5.5% stake in July 2025. The Company approved the sale of two commercial buildings, Q5 and Q6 at Millennium Business Park, Navi Mumbai, for a total consideration of Rs 112 crores in 2026.

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