Aurum Ventures

Aurum Ventures is a real estate and venture capital investment company based out of Mumbai, Maharashtra.

Aurum Ventures
TypePrivate company
ISININE898S01029
IndustryInvestment management
Founded1999
FounderAshish Deora[1]
Headquarters
Mumbai
,
India
Area served
Worldwide
SubsidiariesMajesco India Limited
WebsiteOfficial website

History

Ashish Deora, an alumnus of Harvard Business School and the CEO of Aurum Ventures, founded the company in Mumbai in April 1999.[2][3]

The company invests in both early- and growth-stage companies across sectors, such as telecom, automotive, renewable energy and real estate. Aurum Platz is the real estate arm of Aurum Ventures.[4]

In 2018, Aurum Ventures signed a forward purchase agreement with the Singapore-based Ascendas-Singbridge Group and disposed of 1.4 million square foot (sq ft) office space for ₹930 crore.[5][6]

In March 2021, Aurum Ventures acquired a 14.78% promoter stake in Majesco India Limited,[7][8] a software development company listed on the Bombay Stock Exchange (BSE: 539289) and National Stock Exchange (NSE: MAJESCO),[9] through its subsidiary Aurum Platz which also made an open offer to acquire up to 26 per cent in accordance with takeover regulations.[10][11][12]

In July 2021, it acquired a Pune based software company K2V2 Technologies for ₹40 crores.[13][14][15]

References
  1. "Union Budget 2021: Realty sector wants finance minister to accord long-awaited industry status-India News , Firstpost". Firstpost. 31 January 2021.
  2. Nandy, Madhurima (2021-06-16). "Integrow to raise ₹1,000 cr for realty fund". mint. Retrieved 2021-09-07.
  3. "Aurum Ventures". The Economic Times. Retrieved 2021-09-08.
  4. "Realty deal in Navi Mumbai: Ascendas to pay ₹930 crore for two IT park buildings". Hindustan Times. 2018-05-15. Retrieved 2021-09-07.
  5. Sapam, Bidya (2018-05-14). "Ascendas to buy two office buildings in Navi Mumbai for Rs930 crore". mint. Retrieved 2021-09-07.
  6. www.ETRealty.com. "Ascendas India Trust to buy two Navi Mumbai IT Park buildings for Rs 930 crore - ET RealEstate". ETRealty.com. Retrieved 2021-09-07.
  7. "Aurum Ventures acquires promoters stake in Majesco; makes open offer". @businessline. Retrieved 2021-09-07.
  8. "Majesco shares soar 5% to end at Rs 66.6 on Aurum Ventures acquisition". Business Standard India. 2021-03-23. Retrieved 2021-10-12.
  9. Babar, Kailash. "Aurum Ventures acquires listed co Majesco's promoter stake; makes open offer". The Economic Times. Retrieved 2021-09-07.
  10. "Aurum Ventures to buy 14.78% Majesco shares". The Hindu. Special Correspondent. 2021-03-22. ISSN 0971-751X. Retrieved 2021-09-07.CS1 maint: others (link)
  11. Babar, Kailash. "Aurum Ventures buys 15% in IT consultancy Majesco". The Economic Times. Retrieved 2021-09-07.
  12. Mudgill, Amit. "Eight stocks where retail holding surged in Q4 as MFs & FIIs sold". The Economic Times. Retrieved 2021-09-07.
  13. Sonavane, Ravindra N. (2021-07-25). "Majesco buys 51% stake in K2V2 for Rs40 cr". mint. Retrieved 2021-09-07.
  14. "Majesco to acquire 51% stake in Pune-based software technology firm, K2V2 for Rs 40 cr". Free Press Journal. Retrieved 2021-09-07.
  15. Babar, Kailash. "Aurum Proptech to invest Rs 25 crore for 49% stake in Integrow Asset Management". The Economic Times.
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