Starneth India’s proposed multi-city platform separates national strategy, technical collaboration and city-specific project risk while allowing every Eye to express the identity of its location.
A proposed structure, subject to tender, legal, tax, procurement, lender and regulatory review. Exact ownership and consortium composition must be tested against each tender.
A coordinate frame rather than a map. Each node links to that city's concept direction; the centre node is the proposed national platform layer.
Select any node to read what it does. The six city project companies are drawn as separate boxes because that is the point of the structure: each one carries its own concession, financing and risk, and none of them reaches the parent.
Ownership chain
Technical chain
No direct Juma equity, beneficial ownership or permanent ownership tie with Starneth India or MasterCo under the recommended structure.
Holds the Indian brand, strategy, pipeline and group control. Owns MasterCo, approves group strategy and major investments, receives dividends and monitors governance. It is deliberately kept out of city-level concessions, investor admissions and project guarantees.
The liability separation works only if guarantees, collateral, cash and contracts are not mixed across companies. That is a discipline, not a diagram.
Parent equals ownership and brand. MasterCo equals national development and coordination. City SPV equals city contracts, finance and project risk.
MasterCo is not legally mandatory. It becomes commercially sensible once there are multiple projects, multiple cities and multiple investors — and it has to be justified by business substance rather than by tax.
A useful structure still needs disciplined compliance and arm's-length documentation. The figures below are planning allowances, not quotations, and not advice.
A company that becomes a mainly passive holder of group investments can attract Core Investment Company analysis. MasterCo should perform real development and management functions, and that should be reviewed annually.
Zero equity does not remove disclosure duties. Disclose the actual OEM or supplier whenever tender, procurement, lender or regulatory rules require it, and obtain direct OEM letters or registrations where the RFP demands them.
Reviewed 2026-08-28The structure is a planning concept. Final implementation requires company-specific legal, tax, tender and regulatory advice.
Keep permanent group ownership separate from project investors, and add a member only when the tender actually requires what that member brings.
Do not make introducers, liaison partners or local facilitators consortium members unless the tender genuinely requires their eligibility, land or funding.
Each city Eye is designed for its own landscape, culture, climate and public realm, and each would sit inside its own project company.