|
| |
|
|
| In the News |
| |
| |
| |
SPOTLIGHT-DALAL STREET INVESTMENT JOURNAL
|
| |

|
The Group may be yet to celebrate its
first Anniversary, but has already
accumulated an unbelievable
momentum. Confident's first 4 projects
were launched within the first 4 months.
Three of these projects were sold out even
before their formal launch. Since then the
group has launched 18 new projects in
Bangalore, Kochi and Hosur; spanning segments
like apartments, villas, shopping &
office space, hotels and resorts entrusting
the aesthetics and design of projects to leading
International Architects from the Asia
Pacific region - SAA & Jurong from
Singapore, M M Associates of Dubai,
Bodhi Tree, Confident Design Studio & CMSM of Bangalore.
Launched in 2005 by Roy, the
Confident Group has already forayed into
infrastructure and hospitality and have
plans to venture into the airlines and entertainment
verticals. Confident also has operations
in Dubai and Singapore. A former
HP executive, Roy says the company is
aiming to achieve an Rs 1,000-crore sales
target in the next 18 months. "The USP of
Confident residential villas will be the nonadherence
to the egg model where in all villas
are more or less identical. At Confident,
we offer customers the choice of customised
designs to accommodate personal
design changes such as a puja room, a
study, a bigger bath or a bar," he explains.
The Company operates on the key principle
of Zero debt policy which makes us
unique in our industry. Possibly, we are the
only Group which promotes this as core
value in safeguarding the Customer's hard
earned investments.
"Our focus on quality, growth and a zero
deviation policy has helped us to overcome
many hurdles to set us on the road of rapid
progress," Roy stresses.
"We have achieved a good brand name
and we began our journey with 35 people
and today we have 160 top order professionals,
and we have more than 1000 big
clients. Six of our projects have already sold
out even before their going on stream". We
have crossed Rs 150 crore in bookings and
we are looking at a target of Rs 300 crore by
March 07 and by the next year we are looking
at touching Rs 1000 crore in sales.
His mantra for success? "Fix your
Income Tax returns", which means lesser
problems related to finance.
Asked about the company being more
south centric, Roy states, "This business
needs to have an intricate knowledge of
topography and what available where and
how. This sort of business acumen one can
develop only over a period of time. Since
being in Bangalore and Kerala from my
childhood I can point out which is the best
area to venture for construction business.
Hence for the next 3-4 years our focus will
be in these regions." Normally in real estate
business we find a single person with a
global vision. But in our organization what
you find is a global team with a global
vision. We have operations in Dubai,
Singapore and India. And in fact we want
to be among top three in Bangalore.
Adding momentum to the spurt of construction
activity in Bangalore, this city based
company has lined up extensive plans
to invest Rs 500 crore in the next one year.
Focusing on the residential and hospitality
segments, the group currently has 20 ongoing
projects spread across 18 million sq. ft
of land in Bangalore, Kochi and Hosur.
These include townships, residential apartments,
villas, software towers and boutique
hotels. "We are also developing an 18-hole
golf course with villas on the Bangalore-
KGF Main Road," informs Roy.
In the last one year of operation, the
company has funded its projects through
internal accruals and is now open to private
equity placement. "We are a zero-debt
company and are currently in talks with a
leading venture capital fund," adds Roy.
The group is expected to bring in funds by
creating a SPV (special purpose vehicle) in
the next two months.
Half a decade of experience in running
'Confident Cascade', a well known resort
on Bannerghatta Road, has given us the
Confidence to foray into the Hospitality
sector. A 4 Star Hotel on Brigade road,
Bangalore and a 5 Star Health SPA and
Resort on Old Madras road is also reaching
completion. Apart from this 5 more Hotels
and Resorts are being planned making
Confident Group the largest chain of
Hotels and Resorts in Bangalore.
Bangalore's booming real estate, with the
highest commercial space absorption anywhere
in India has been attracting several
foreign funds as potential investors.
Morgan Stanley invested $68 million for a
stake in Mantri Developers, and Keppel
Land floated an SPV with Puravankara
Projects for a residential venture. The other
deal involved New York-based private equity
Siachen Capital infusing $100 million
into Nitesh Estates. "Over a short period of time we have
covered a lot of ground and crossed milestones
as we venture into Infrastructure,
Hospitality, Airlines and Entertainment,
which are key sectors of the ever growing
Indian market. Our extensive land bank to
the tune of 18 Million Sq ft is spread across
vantage locations across Bangalore. The
success in Bangalore has been a tremendous
inspiration for us to launch mega projects
in Kochi." Asked about the group's role in building
new townships, Roy emphasizes that his
company is into building townships but
not into malls. He has invested about
Rs 200-250 crore for this venture and on
completion his investment will touch about
Rs 1000 crore.
Seeding the world of infrastructure, nurturing projects in
hospitality, soaring in the wings of aviation and dreaming
big in the world of entertainment, Confident Group is
the result of years of experience and dream of an
ebullient and innovative entrepreneur Roy C. J., the
Chairman and Managing Director of the group. In a
tête-à-tête with Mickee Menon, this hands-on management
expert emphasizes that his goal is to achieve
Rs 1000 crore sales target within next 18 months.
Spotlight
A Global
Team with a
Global Vision
Confident Corona captures the essence of life
Confident Group
These include townships, residential apartments,
villas, software towers and boutique
hotels. "We are also developing an 18-hole
golf course with villas on the Bangalore-
KGF Main Road," informs Roy.
In the last one year of operation, the
company has funded its projects through
internal accruals and is now open to private
equity placement. "We are a zero-debt
company and are currently in talks with a
leading venture capital fund," adds Roy.
The group is expected to bring in funds by
creating a SPV (special purpose vehicle) in the next two months.
Half a decade of experience in running
'Confident Cascade', a well known resort on Bannerghatta Road, has given us the
Confidence to foray into the Hospitality
sector. A 4 Star Hotel on Brigade road,
Bangalore and a 5 Star Health SPA and
Resort on Old Madras road is also reaching completion. Apart from this 5 more Hotels
and Resorts are being planned making
Confident Group the largest chain of
Hotels and Resorts in Bangalore.
Bangalore's booming real estate with the
highest commercial space absorption anywhere
in India has been attracting several
foreign funds as potential investors.
Morgan Stanley invested $68 million for a
stake in Mantri Developers, and Keppel
Land floated an SPV with Puravankara
Projects for a residential venture. The other
deal involved New York-based private equity
Siachen Capital infusing $100 million
into Nitesh Estates.
"Over a short period of time we have
covered a lot of ground and crossed milestones
as we venture into Infrastructure,
Hospitality, Airlines and Entertainment,
which are key sectors of the ever growing
Indian market. Our extensive land bank to
the tune of 18 Million Sq ft is spread across
vantage locations across Bangalore. The
success in Bangalore has been a tremendous
inspiration for us to launch mega projects
in Kochi."
Asked about the group's role in building
new townships, Roy emphasizes that his
company is into building townships but
not into malls. He has invested about
Rs 200-250 crore for this venture and on
completion his investment will touch about
Rs 1000 crore.
Two mega projects of the group are coming
up near Kochi backwaters i.e. at
Marade and Kakkanad out of the Rs 200
crore investments wherein a total 600 flats
will be built in the 2 projects and top end
40 villas have been planned to be built facing
the backwaters of Kerala.
The company has also spread its wings
into the sky beyond. As in other ventures of
the group, Confident Airlines plans to
strive for full customer satisfaction with top
class service through the launch of chartered
airlines connected with a fleet of
international class aircraft, a four-seater, a
nine-seater and a 12-seater, which will provide
convenient connectivity within India.
These will be made available on a charter
basis to all our clients. The full fledged
service will be managed by cutting edge
professionals with vast experience in
National / International Airlines.
Another area that the company is venturing
into is the Indian entertainment segment.
The Indian entertainment industry
is set to grow at a phenomenal pace, offering
organizations and individuals remarkable
opportunities, he says adding . "At
Confident, we believe these opportunities
exist across regions and languages. We are
committed to be a part of India's dream
factory with our own gallery of blockbusters!
And besides, we will also be building
Multiplexes and Film Cities."
On the key challenges that his organization
faces currently is that of the government
policies,Roy urges that the policies
should be more stable and uniform in
nature across the departments. Besides
infrastructure should be more transparent.
According to him the two plus points for
Bangalore is the climate and the cosmopolitan
nature of the people.
"As we grow, we are building a world
class team with professionals who are all
committed to the group's vision and plans.
We are putting systems and processes in
place to facilitate this rapid growth while
ensuring total customer delight. In fact we
have already received the ISO certification
for our key processes. We look forward to
the future with great enthusiasm and confidence
and seek your continued patronage
and support," he emphasizes.
|
| More News Clips |
| |
|
 |
Confident Group acquires new office at Singapore |
 |
Kochi Office Inauguration on 27th May,2007 |
 |
Innovative Projects from Confident Group - Kochi - Malayala Manorama 26th May 2007. |
 |
Confident Group receives NOC for operating Chartered Airlines |
 |
Confident Group Director Sales at the Inauguration of RadioMint Channel at Dubai |
 |
Node for BMRDA plan to boost layout ,Deccan Herald, 3rd May 2007 |
|
Realty buzzing after govt lifts conversion ban, Times of India, 3rd May 2007 |
 |
Govt lifts ban on land conversion,The Times of India, 2nd May 2007 |
 |
Confident Group Foraying into avaiton, hotels in a big way -
The New Indian Express, 30th April 2007 |
|
No More Curbs on land Conversion - Times of India , 27th April 2007 |
 |
City Infrastructure in a Bottleneck - Vijay Times 23rd April 2007 |
 |
Mr.Roy.C.J Chairman and Managing Director Gives Confidence to the Confident Group - Mathrubhumi 23rd April 2007 |
 |
Khaleej Times, April 9, 2007 |
 |
City Times Daily, April 8, 2007 |
 |
Arabia Daily, April 6, 2007 |
 |
MalayalaManorama Daily, April 6, 2007 |
 |
Chandrika Daily, April 6, 2007 |
 |
Siraj Daily, April 6, 2007 |
|
Evening Post Daily, April 6, 2007 |
 |
GulfMadyamam Daily, April 6, 2007 |
 |
Times of India, 29th March 2007 |
 |
Confident Group Wishes Team India Goodluck,Kannda Prabha, March 16,2007 |
 |
BMRDA Update on Conversion and Plan Sanctions, Deccan Herald |
 |
Karnataka Township Developers Association and Karnataka Land Developers Association Protest against BMRDA, VIJAYA KARNATAKA, 10th March 2007 |
 |
Developers Rue Delay in Notifying Master Plan , THE NEW INDIAN EXPRESS, March 10, 2007 |
 |
Land Developers Protest Ban on Conversions, Deccan Herald, March 10, 2007 |
 |
Land Developers Stage Protest , THE HINDU, March 10, 2007 |
 |
Developers Demand Restarting of Plan Approvals and Plan Sanction, UDAYAVANI, 10th March 2007 |
 |
Developers turn impatient, Times Of India Bangalore, Mar 10, 2007 |
 |
Confident Group plans airline charter service,The Hindu, March 9,2007 |
 |
Land Developers Angry with BMRDA , TIMES OF INDIA, 9th March 2007 |
 |
Delay in BMRDA Plan, Developers Fume , Deccan Herald, March 9, 2007 |
 |
Free Dialysis Sponsored by Confident Group to Patients at Lisie Hospital Kochi. MATHRUBHUMI,
Mar 09,2007 |
 |
Times of India, 5th March 2007 |
 |
Indian ExpressNews, 24th Feb 2007 |
 |
Gulf Daily News, 19th Feb 2007 |
 |
Starting of a School Campus at Confident Canapous-Hoskote,MALAYALA MANORAMA, 16th JAN 2007 |
 |
Confident Group's Tie up with Rajagiri Public School, MATHRUBHUMI, 12th JAN 2007 |
 |
The big battle of words,Deccan Herald |
 |
2006's Sensation News |
|
|
|
|