The OMRON Healthcare factory will be built over 6.02 acres and will be manufacturing blood pressure monitors and supplying them mainly to the domestic market.

In a regulatory filing, the company said, “Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers and Sumitomo Corporation of Japan, announced that OMRON Healthcare, one of the world's leading manufacturer and distributor of blood pressure monitor and cardiovascular disease prevention and management services will be launching operations in March 2025 by manufacturing the blood pressure monitors in India, at Origins by Mahindra, Chennai.”

Rajaram Pai, chief business officer – Industrial, Mahindra Lifespace Developers, said, “This is a testament to the compelling value proposition that our industrial cluster offers as a preferred manufacturing destination. At Origins, we provide ready plug-and-play infrastructure enabling businesses to scale and go to market faster. Moreover, we are driven by our commitment to foster efficient, sustainable ecosystems that not only create employment opportunities but also attract significant investments for making-in-India.”

Origins by Mahindra is an industrial cluster on the NH16 Chennai – Bangalore Industrial Corridor near Ponneri, North Chennai. Currently, it is home to 9+ global companies including Mitsubishi Electric, Yanmar, NISSEI, USUI, TJR, Autogrip, Masano, Track design, and Ashirvad Pipes in the first phase of the project, spanning 307 acres.

Mahindra Lifespace Developers is the real estate and infrastructure development arm of the Mahindra Group. The company's development footprint spans 33.55 million sq. ft. of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5,000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations.

The company's net profit slumped 99.6% to Rs 0.53 crore in Q4 FY23 as against Rs 136.82 crore recorded in Q4 FY22. However, revenue from operations surged 57.9% year on year (YoY) to Rs 255.37 crore in the quarter ended 31 March 2023.

Shares of Mahindra Lifespace Developers were up 0.04% to Rs 449.20 on the BSE.