Lodha is building strong management team to touch new heights.

Q: Do you know that the Mumbai based real estate company Lodha Group has created the biggest team of management consultants outside the white-shoe firms.

Dwarkesh,

19th February 2015

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Replies (5)

No Ravindra,
Their teams were dropped into client situations across industries in Fortune 500 companies. And in a short time, they had to get insights into business, figure out the value drivers, think through big go/no-go decisions. According to Lodha Group it was an experiecnce.

lekshmi.sanjeev@ymail.com, Delhi

21st February 2015

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Can anyone know why does Lodha repose so much faith in consultants? That's because the 35 year old worked at McKinsey for 2 years in Atlanta after completing his master's degree in industrial engineering from the Georgia Institute of Technology.

Ravindra Singh,

20th February 2015

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At a level where most realty firms stuck in the mid-life crisis that inflicts many medium-sized firms in India, Lodha Group has managed to grow through the situation and Abhishek Lodha feels that the consultants have played a part in maintaining this momentum.

Lekshmi,

19th February 2015

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@Ravindra,
There might me a reason that now-a-days real estate is a complex business with many stakeholders, many of whom are beyond their control, and there are a lot of variables involved. And most real estate companies don't have the resources to handle the variances. The company need people who could learn something very quickly, sift through information quickly, locate the value drivers and then drive impact in a short time.

Lekshmi,

19th February 2015

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Well Lekshmi,
That's where the consulting talent makes the difference. The Lodha Group has been on a growth streak, hitting Rs 8000 crore top line in 2014-15, a big leap given the Rs 80 crore revenue base that the firm had in 2003.

Ravindra Singh,

19th February 2015

As the realtor implementing scaling up challenges, the company has quietly picked up over 45 consultants from elite consulting firms such as McKinsey, BCG, Bain, AT Kearney and Accenture. No other Indian real estate company or even corporate strategy team has so many consultants applied within the organization.

Ravindra Singh,

19th February 2015

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