Hirco PLC is one of India’s largest real estate investment companies. The company was formed in 2006 to co-invest in large scale mixed-use township developments in suburban areas outside city centres in India. These townships will be predominately residential and provide high quality affordable housing for India’s growing young and affluent working population.

We are building on the legacy of the Hiranandani Group’s mixed use township model successfully developed over the last 25 years.

Hirco is listed on the London Stock Exchange AIM market. At the time of its admission to trading, Hirco was the largest ever real estate investment company IPO on AIM and the largest AIM IPO in 2006.

Hirco listed on AIM on 13 December 2006 and it's ticker is HRCO.

The company is investing the proceeds of its placing in a number of developments of large scale, mixed use township communities and co-located special economic zones (SEZs) in the suburbs of major Indian cities. Pipeline projects identified to date include development sites in Chennai, Mumbai and Jaipur. As of July 2007 Hirco has invested ₤125.7 million in a new 251 acre township and an adjacent 118 acre commercial township in Chennai and £128.4 million in a Commercial Township Development project located in Panvel, in the Mumbai Metropolitan Region. Hirco has invested approximately 70% of net funds raised at the time of its IPO and anticipates deployment of net funds raised at the IPO by the end of 2007.

Hirco Developments Private Limited, a company formed by Hiranandani, provides various development, sales, marketing, project reporting and other services in respect of projects sourced by Hiranandani in which Hirco invests.

The company is incorporated in the Isle of Man.

Rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

The Hiranandani Group

The Hiranandani Group is one of India’s leading real estate development groups. For over 25years, it has been engaged in the fields of development, construction and civil engineering and is recognised as one of the leading developers of integrated mixed-use townships in India. The Group currently focuses on the development of large-scale, mixed-use townships, typically in the range of 100-500 acres.