Man Infraconstruction Limited (MICL), a leading integrated EPC firm, has announced two strategic acquisitions aimed at strengthening its presence across domestic and global real estate markets.
In India, MICL acquired an additional 23% partnership stake in its subsidiary Starcrete LLP for Rs23.75 lakh, raising its total holding to 98%. Originally focused on manufacturing construction materials like aggregates and ready-mix concrete, Starcrete has now pivoted toward EPC and real estate operations following a consensual shift in business strategy among partners.
Despite the operational shift, Starcrete’s financial performance has seen a sharp decline. Its FY25 turnover stood at Rs1,161.13 lakh, down from Rs6,709.75 lakh in FY24 and Rs19,614.66 lakh in FY23. Given that MICL’s Managing Director, Mr. Manan Shah, represents the company in the LLP, the transaction qualifies as a related-party deal.
Internationally, MICL’s wholly owned subsidiary MICL Global Inc. has acquired a 50% membership stake in Admire 1250 LLC, a Delaware-based real estate development firm, effective August 26, 2025. The acquisition was completed through a cash payment and an initial capital investment of USD 5 million.
Further expanding its U.S. footprint, Admire 1250 LLC also secured a 15.385% stake in 1250 JV LP, a joint venture focused on real estate development and other lawful activities. This transaction involved an additional USD 10 million capital infusion.
With a market capitalization exceeding Rs6,190 crore, MICL continues to position itself as a formidable player in the EPC and real estate sectors. Its execution capabilities, financial stability, and strategic acquisitions underscore its commitment to long-term growth and diversification.
