Profit

NSE Symbol: | BSE Code: | ISIN: | Sector:

  • Add to Portfolio
  • Add to Watchlist
  • Add to Alert
  • Add to Message
Add to Portfolio
NSE
227.60
Change Change %
1.05 0.46%

Updated:19 Oct, 2018, 15:24 PM IST

BSE
222.60
Change Change %
-4.40 -1.94%

Updated:19 Oct, 2018, 15:10 PM IST

Delta Corp (formerly Arrow Webtex Limited) has been engaged in the business of textiles and real estate development/consultancy. Having started as a pure textile player, Delta Corp Limited has transformed into a diversified company, with interests in real estate (in India as well as East Africa), gaming and entertainment, aviation, and hospitality. Delta Corp has de–merged its textile business into a new entity which is now called Arrow Textiles. Delta Corp is promoted by Jaydev Mody, an eminent and successful Indian entrepreneur and erstwhile managing director of Peninsula Land (PLL) (promoted by the Ashok Piramal Group). Mody, with more than 20 years of experience in real estate, has an established track record of sighting promising sectors, building value and witnessing windfall gains. He is credited with building and developing 'Crossroads', one of the first shopping malls of international standards in India. In addition, Mody has also been instrumental in setting up the Ashok Piramal group's real estate and retail business comprising of PLL and Pyramid Retail Limited (PRL) and is on the board of PLL and PRL.

Divisions:

1. Real estate:

Delta Corp, through its subsidiaries and JVs, intends to ride the growth wave of development in the East African countries. Delta Corp has formed a joint venture company with Reliance Industries Limited (RIL Group), namely, Delta Corp East Africa (DCEAL), through its wholly–owned subsidiary Delta Pan Africa (DPAL). DCEAL has already acquired close to 803,720 sq–ft of land with a development potential of closed to two million sq–ft. It has planned a combination of commercial office space development, retail and hotel projects.

Delta Corp also provides Real Estate consultancy services to Peninsula Land which comprise of conceptualisation, designing, procuring permissions, etc. for an agreed consideration.

2. Entertainment and gaming:

Delta Corp Limited is betting big on the casino gaming industry in India and has already started two offshore casinos in Goa i.e., Casino Royale and Kings Casino. Casino Royale is India?s largest casino vessel with four operational decks with 10,098 sq–ft gaming area having 50 gaming tables, 30 slot machines, 6,000 sq–ft of live kitchen managed by China Garden and other entertainment areas like live music on the rooftop. Since these casino gaming vessels are anchored on River Mandovi in Goa, Delta Corp has acquired four jetties namely, Betim, Reis Magos, Barcolento and Noah?s Ark as well as six feeder boats in order to ferry its customers from the main land to the offshore casinos.

The company is also in the early stage of establishing a 7,000 sq–ft land base casino in Daman. It has also acquired approximately 34.9% stake in Advani Hotels & Resorts (India) Limited through its subsidiary company, Delta Hospitality Private Limited. Advani is the owner of the hotel Ramada Caravela Beach Resort and, through its subsidiary, operates an offshore casino in Goa named "Casino Goa" aboard the vessel ??M V Caravela?.

3. Aviation and hospitality:

Delta Corp Limited has also forayed into the aviation sector by providing charter flight services. AAA aviation Pvt. Ltd. has NSOP license for non–scheduled airline business and its fleet currently includes a helicopter, (Robinson R ?ǣ 44) and an aircraft (Beechcraft King Air C90 B). Through aviation business, Delta Corp intends to provide services like chartered aviation services; aircraft and helicopter sales; logistics and distribution network; air and ground crew training facility; fixed base operation, etc.

4. Hospitality business:

Management at Delta Corp believes that hospitality business in India has a long–term growth prospect. In order to tap the opportunity available in the hospitality sector, Delta Corp has formed a JV with Peninsula Land limited i.e., PLL Delta Hotel Limited (??PLLDHL?). Going forward, PLLDHL intends to develop 3/4 star 100–bed hotels in various urban locations in India primarily in southern and western India.

Subsidiaries:

?? Delta Hospitality

?? PLL Delta Hotels

?? AAA Aviation

?? Highstreet Cruises & Entertainment

?? Delta Pan Africa

Top