Aurum PropTech Ltd., formerly known as Majesco Ltd., is a software technology and services company engaged in the real estate business. It was incorporated as a public limited company in 2013, with its headquarters in Navi Mumbai. For the quarter that ended in June 2022, the company recorded a total income of Rs 15.72 crore, up 63.92% from the previous quarter that ended in March 2022. On 14 October 2022, Aurum PropTech Ltd.’s market capitalisation stood at Rs 499 crore.
The company’s partly paid-up share is listed on the Bombay Stock Exchange with the code 890168. It is not listed on the National Stock Exchange.
Aurum PropTech Ltd. is a new-age technology-driven real estate company revolutionising real estate with an integrated PropTech ecosystem. The ecosystem aims to boost data-driven efficiency in real estate enterprises and improve consumer experience with products in four business segments—enterprise efficiency, connected living, customer experience, and investment and finance. In 2022, the company acquired TheHelloWorld, India’s leading co-living platform. Aurum Software’s expertise lies in many new-age technologies like blockchain, artificial intelligence, cloud solutions, augmented reality, virtual reality, and machine learning.
On 30 June 2022, Aurum PropTech Ltd.’s shareholding pattern reflected a promoter stake of 50.34%, a foreign institutional investor stake of 0.28%, and a public stake of 49.36%. During the June 2022 quarter, promoters increased holdings from 35.04% to 50.34%, while mutual fund holdings decreased from 0.01% to 0%, and FII holdings decreased from 0.72% to 0.28%.
Mr Ashish Deora is the company’s founder and CEO. The other team members include Mr Onkar Shetye, Mr Ramashrya Yadav, Mr Kunal Karan, Ms Khushbu Rakhecha, Mr Sachin Gharat, Mr Shreerang Athalye, Ms Sonia Jain, and Mr Hiren Ladva. The auditors are MSKA & Associates.
On 14 October 2022, the company’s partly paid-up share price closed at Rs 67.50 on BSE. Since it is not listed on the National Stock Exchange, there was no price update. The 52-week high price for the partly paid-up share was Rs 89, while the 52-week low was Rs 19.40. The fully paid-up share price closed at Rs 127.50 on BSE on 14 October 2022 and at Rs 127 on NSE.
The company’s peers include Tata Consultancy Services Ltd., HCL Technologies Ltd., Wipro Ltd., and Infosys Ltd.
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