Landmark Cars Share Price

Landmark Cars Limited was originally incorporated as Landmark Insurance Broking Private Limited in Mumbai, as a Private Company under the Companies Act, 1956, dated February 23, 2006, issued by the RoC. The Company was thereafter named Landmark Cars Private Limited on May 6, 2009 and upon the conversion into a Public company, it changed to Landmark Cars Limited, on December 3, 2021.The Company is authorised dealer for MercedesBenz passenger cars for the states of Gujarat, Madhya Pradesh and Mumbai. It engage as authorised agent of selling automobiles of a single brand MercedesBenz, the operation of workshops and garages to repair and service the automobiles, including other ancillary services, direct selling agency/marketing agency on behalf of inter alia banks and nonbanking financial companies to market their financing schemes to customers, selling of accessories, the insurance commission business. It is a leading premium automotive retail business in India with dealerships for MercedesBenz, Honda, Jeep, Volkswagen and Renault. It cater to commercial vehicle retail business in India. In 1998, the Company started their operations and opened first dealership for Honda in Ahmedabad, GujaratIn 2009, it commenced Volkswagen dealership and the MercedesBenz dealership in Ahmedabad, Gujarat.In 2012, it commenced Ashok Leyland dealership at Ahmedabad, Kheda, Anand, Gandhinagar, Vadodara, Panchmahal and Dahod, in Gujarat.In 2013, it commenced their MercedesBenz Kolkata dealership in West Bengal. In 2016, the Renault dealership commenced in Punjab.In 2018, the Company acquired a competing Volkswagen dealer in Ahmedabad, Gujarat.During 2019, a Composite Scheme of Arrangement and Amalgamation between the Company, Landmark Commercial Vehicles Private Limited and Watermark Commercial Vehicles Private Limited and their respective shareholders and creditors got approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between Company, Landmark Automobiles Private Limited and Watermark Automobiles Private Limited and their respective shareholders and creditors, was approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019, read with Order dated April 15, 2019. A Composite Scheme of Arrangement and Amalgamation for demerger and amalgamation between the Company, Automark Motors Private Limited and Watermark Vehicles Private Limited and their respective shareholders and creditors, was approved and sanctioned by the National Company Law Tribunal, Ahmedabad by way of its Order dated April 4, 2019, read with Order dated April 15, 2019, with the Appointed date, April 01, 2018.The Company was appointed as a dealer for Jeep at Ludhiana and Jalandhar in Punjab during the year 2021. It opened a Jeep connect showroom in Thane, Maharashtra. It acquired 4 service centres of MercedesBenz, as a going concern, on a slump sale basis from Shaman Wheels Private Limited in Mumbai and Navi Mumbai, Maharashtra.In 2022, it opened a BYD passenger car showrooms in Delhi and Mumbai.The Company launched the IPO of 10,911,160 equity shares of Face value of Rs 5 each and raised funds aggregating to Rs 552 crore in December, 2022. The IPO comprise a fresh issue of 2,966,498 equity shares amounting to Rs 150 crore and the offer for sale of 7,944,662 equity shares amounting to Rs 402 crore. MotorOne India Private Limited was incorporated as wholly owned subsidiary of the Company on June 16, 2022. The Company acquired MG Motor dealerships in Indore and Bhopal (Madhya Pradesh), and Goa in July, 2023. In FY 2025, Company opened 23 new outlets across India, by entering new cities in Hyderabad, Jaipur, and Faridabad. The first luxury outlet for MercedesBenz launched at Patna Workshop in July, 2025.In FY26, the Company added a net of 9 outlets reaching to 140 outlets. MG Select outlet was opened in Kolkata and Ahmedabad, additional Kia and Mahindra Mahindra facilities in Hyderabad, and a MercedesBenz outlet opened in Bhopal. MG Motor showroom in Goa launched in 2026.