Embassy REIT raises Rs 7.5 bn through NCDs
This fund is the second one to be raised through the NCD route. September 2020
Katerra develops design and technology-driven solutions that help reduce delivery time up to 50 percent, thereby speeding up the construction process to deliver smarter and better commercial and residential spaces for our clients. With its factories in Krishnagiri, Hyderabad, and Lucknow (portable factory setup) in India, the company has the capacity to manufacture a 1.2 million sq ft building in less than 50 days through end-to-end building services.
At Katerra, technology is used at all levels of building design and construction, bringing tested system approaches from global industries to ensure greater efficiency in building design and development. "We are using technology-led end-to-end solutions across the building delivery cycle - right from design to procurement and offsite manufacturing to onsite installation and ultimately, delivery of the building," says Nejeeb Khan, Head, Design & Business Strategy in India, Katerra." Our technology-driven component design and productivised building solutions are Designed for Manufacturing and Assembly (DfMA), which enables our clients to benefit from speed and cost optimization while still having a unique building design." The company's automated assembly-line production, along with factory-built components including bathroom, rooms, double walls, beams, hollow-core slabs, among others, are built offsite at a factory set up with mechanical, electrical, plumbing work, finishes, and fittings. And as Khan informs, "finished components are then delivered onsite just-in-time using pre-determined software simulated schedules and assembled onsite. This integrated technology approach helps us deliver projects faster, efficiently, and more sustainably."
Katerra's factories act as an extension of job sites, providing greater precision, higher productivity, and enhanced quality control. "The company has also developed a host of curated, high-quality building products in HVAC, lighting, bath pods, building materials, and finishes," informs Khan. "It has also been suppliers of a global chain on curated, high- quality building products, and provides full-fledged building products to every sector, including residential –single and multi-family homes, commercial office buildings, hotels, malls, hospitals, schools, and industrial parks."
Year of establishment: Founded in 2015 by Michael Marks
Growth graph: Today, Katerra has more than 700 projects in progress and six factories across the globe.
Headquartered: Silicon Valley
Reach: Operational offices across North America, India, China, and the Middle East
Clientele: In India: Embassy Group, Bosch, and Infosys in Bengaluru; Lulu Mall, KMCH Hospitals, and GEMS Schools to deliver solutions for commercial and industrial buildings, hospitals, malls, and schools; recently broke ground for a new residential and office space project with Vaishnavi Group.