Landmark Property Development Company Limited (LPDCL) was incorporated as Konark Minerals Limited

( KML) on December 28, 1976, as public limited company with the Registrar of Companies, Orissa under the provisions of the Companies Act, 1956 and obtained Certificate for Commencement of Business on January 19, 1977 from the Registrar of Companies, Orissa.

Currently trading at 3.50, having a book value of 4.38 and PE of 15.68.

KML was a wholly owned subsidiary of OCL and as a result of the reorganization by way of demerger through the Scheme of Arrangement vide High Court Order dated 27.11.2007, the Real Estate Undertaking of OCL together with all its assets and liabilities stands transferred to and vested in LPDCL. The Scheme has become effective on December 20,2007, the appointed being January 01, 2007

The Company was until recently engaged in the business of mining but the scale of operation was small. Post demerger the Company would pursue full fledged real estate activities.

Promoters of the Company
The promoters of OCL India Limited continue to be the promoters of Company.. Their post demeger holding is 8,22,36,917 Equity shares of Re. 1/-each representing 61.30 % of the issued capital of the Company .

Gaurav Dalmia is Executive Vice Chairman , Managing Director & CEO of the Company .He is aged 43 years and has been associated with OCL as Joint President for around one and half decades. He is a member of the leading Dalmia industrial family with substantial business interests mostly in India, UK and USA. Dalmia Group is a leading business conglomerate with interests in cement, industrial ceramics, real estate, information technology, investments, engineering and trading. He had co-founded ‘Infinity’, India’s first angel investment fund with a corpus of $35 million. He is a member of the General Partner of Gujarat Venture Finance Limited, a specific venture capital firm, co-sponsored by CDS/Actis, a leading private equity firm. Mr. Gaurav Dalmia was selected as the Global Leader for Tomorrow for the year 2000 by the World Economic Forum. Mr. Gaurav Dalmia holds a bachelor’s degree in computer science form Salford University, UK and has completed his MBA with Beta Gamma Sigma honors (top 5% class) from Columbia University, USA.

Considering its financials, 0 debt, presence and valuations, it looks a strong bet for a long term investment.