RMZ Corp


RMZ Corp is a privately owned real estate investment, development, and management firm in India, headquartered in Bangalore. The company was established in 2002. RMZ Corp is India's largest LEED certified company according to The Hindu Business Line. LEED is one of the most popular green building certification programs used worldwide

History

Arjun Menda completed his masters in technology from IIT Kharagpur and went on to work with companies like Mahindra & Mahindra, and Gabriel India Limited. He ventured
into the real estate business in 1980, and with his years of experience, founded RMZ Corp Holdings Private Limited in 2002.
His sons, Raj Menda & Manoj Menda, in 2002, along with the father, went on to start RMZ’s first project in Bengaluru.
In 2012, RMZ Corp entered the residential real estate sector with projects like Latitude, Saawan, and Galleria. Sovereign wealth fund Qatar Investment Authority invested $300 million in RMZ Corp in 2013 with a stake of 21%. RMZ Corp raised $500 million in the second round of funding in 2016. In the same year, the company also acquired an 800,000 sq ft IT park in Gurugram from real estate company BPTP.
In 2016 RMZ Corp acquired an 800,000 sq ft IT park in Gurugram from real estate company BPTP for about Rs 850 crore.
In 2018, RMZ Corp struck a nearly $1 billion deal to buy back shares from Qatar Investment Authority. RMZ Foundation began its new initiative “Road to Zero Wastage”. RMZ Corp's tech parks, Ecoworld and Infinity managed to reduce the percentage of mixed, or unsegregated waste to about 15% from 50%.
In 2019, RMZ Corp and DB Realty bought the iconic film studio Kamalistan, located on the Jogeshwari-Vikhroli Link Road in Mumbai.

Corporate Social Responsibility

RMZ Foundation is a non-profit organization established in 2015. Anu Menda is the managing trustee of the foundation. The foundation focuses on empowering communities through public art, social housing and enabling some of India’s brightest young achievers bring about innovative solutions that have changed the way communities live and interact. They focus on three pillars of change - Art, Sustainability and Innovation – The Foundation seeks to promote the well-being of humanity. The foundation also supports many educational institutions and conducts free workshops for students. Through their Social Housing initiative, they build homes for economically disadvantaged families. The foundation also runs a Social Impact Hub, where they are creating a tech-enabled ecosystem to address social issues. At their Urban Innovation Hub, they incubate and encourage innovations that will help transform cities and communities.
RMZ Foundation supports the collaborative health-care accelerator program launched by CoWrks Foundry for Global Health Launch. CoWrks is a subsidiary of RMZ Corp, which was founded in 2017.

Awards