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Sunteck Realty Ltd.

From EverybodyWiki Bios & Wiki

Sunteck Realty Ltd.
Public
Traded asBSE: 512179
NSE: SUNTECK
ISIN🆔INE805D01034
IndustryReal estate development, Construction
Founded 📆1981; 45 years ago (1981) in Mumbai, Maharashtra, India
Founder 👔Kamal Khetan
Headquarters 🏙️Mumbai, India
Area served 🗺️
India
ServicesCommercial and residential property development
Revenue🤑 Increase ₹9,522 million (US$130 million)[1] (2017)
Increase ₹2,040 million (US$28 million) (2017)
Members
Number of employees
SubsidiariesAmenity Software Pvt Ltd
Magenta Computer software Pvt Ltd
Satguru Infocorp Services Pvt Ltd
Piramal Sunteck Realty Pvt Ltd
🌐 WebsiteOfficial website
📇 Address
📞 telephone

Sunteck Realty (BSE:512179, NSE:SUNTECK) is a publicly traded real estate company, headquartered in Mumbai, India.[2][3][4][5] It was incorporated in 1981.[6] The company is engaged in the development and management of residential and commercial properties.[7]

It is a public company listed on the Bombay Stock Exchange (BSE)[8][9] and National Stock Exchange of India (NSE), since 2009.[10] Sunteck Realty has a market capitalization of ₹57.26 billion (US$800 million), as of March 2018, reportedly by The Wall Street Journal.[6]

Sunteck's stock is valued much higher than its competition, reportedly by Forbes in 2010.[2]

History

In 1981, Sunteck Realty was founded by Kamal Khetan, who ranked 91st in the list of Forbes's India's Richest People in 2009.[11]

In January 2013, Piramal Group announced a joint venture with Sunteck Realty, called Piramal Sunteck Realty,[12] by acquiring a 3.5% stake in the company.[13] The company has had a partnership with Piramal Group since 2006.[11][14]

Projects

Some of its commercial projects include Sunteck Centre, Sunteck Certainity, Sunteck Grandeur, and luxury residential projects are Signature Island, Signia Pearl and Signia Isles.[4]

Awards & recognition

See also

References

  1. ↑ "Sunteck Realty Q4 net profit up 65% year-on-year". The Economic Times. May 23, 2018.
  2. ↑ 2.0 2.1 T., Surendar (February 9, 2010). "Room At The Top". Forbes.
  3. ↑ Bundhun, Rebecca (April 16, 2015). "Branded Homes Make Waves Among the Elite in India". The New York Times.
  4. ↑ 4.0 4.1 Lall, Pavan (Jul 18, 2017). "Making millions from marshes". Fortune.
  5. ↑ "Mumbai based Sunteck Realty's March quarter earnings preview". The Economic Times. May 23, 2018.
  6. ↑ 6.0 6.1 "Sunteck Realty Ltd". The Wall Street Journal. Retrieved 10 June 2018.
  7. ↑ Pallavi (November 13, 2017). "Sunteck sees good home demand at lower prices". Fortune.
  8. ↑ "Sunteck Realty among scrips to be shifted to Group A: BSE". India Infoline. December 30, 2017.
  9. ↑ "Sunteck Realty Ltd". bseindia.com. Bombay Stock Exchange. Retrieved June 10, 2018.
  10. ↑ "Sunteck Realty Ltd" (PDF). nseindia.com. Retrieved June 10, 2018.
  11. ↑ 11.0 11.1 "India's Richest #91 Kamal Khetan". Forbes. November 18, 2009.
  12. ↑ "Ajay Piramal floats realty JV with Sunteck". Business Standard. January 20, 2013.
  13. ↑ "Piramal buys 3.5% stake in Sunteck Realty for around ₹65 cr". The Hindu Business Line. March 20, 2014.
  14. ↑ "Piramal Enterprises floats joint venture with Sunteck Realty". The Financial Express (India). November 16, 2007.
  15. ↑ "Property Awards Winners 2015". NDTV. Archived from the original on 2018-06-12. Retrieved 2018-07-14.


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