Marathon Nextgen Realty Limited, originally incorporated as Piramal Spinning & Weaving Mills Limited in 1978, has evolved into a prominent player in the real estate sector. Primarily engaged in the construction, development, and sale of commercial and residential projects, the company also maintains interests in textiles, producing cotton and synthetic fabrics. The company underwent significant modernization phases in the 1980s and early 1990s and has seen various restructuring activities, including amalgamations and demergers.
In recent years, Marathon Nextgen Realty has expanded its portfolio through strategic acquisitions. It became a wholly-owned subsidiary of Marathon Realty Private Limited following a merger in 2018 and has since acquired full ownership of Marathon Nextgen Townships Pvt Ltd and Terrapolis Assets Private Limited. The company also holds a 91% stake in Sanvo Resorts Private Limited. These moves reflect its ongoing expansion and strategic realignment within the real estate and textiles sectors.
