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Suratwwala Business Group

Suratwwala Business Group

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Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Overview

The company was originally incorporated as ‘Suratwala Housing Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 31, 2008 issued by the Registrar of Companies, Maharashtra, Pune. Thereafter, the name of the company was changed to ‘Suratwwala Business Group Private Limited’ and a fresh certificate of incorporation consequent upon change of name dated May 15, 2019 was issued by the Registrar of Companies, Maharashtra, Pune. Subsequently, the company was converted into a public limited company pursuant to a Shareholders' Resolution passed at the Extra-Ordinary General meeting of the company held on July 29, 2019 and the name of the company was changed to ‘Suratwwala Business Group Limited’ vide a fresh certificate of incorporation dated November 21, 2019 issued by the Registrar of Companies, Maharashtra, Pune.

Business area of the Company

The company is a real estate development company primarily focusing on development of residential and commercial projects in the Pune district. Its business activities comprise of development and sale of residential as well as commercial properties (the Development Business) and the maintenance of the properties developed by it (the Maintenance Business). Apart from the development and maintenance business, it also focus on providing the space on rent such as renting for mobile tower, hoardings and banners on building or renting of the unsold space for short durations.

The company’s Development Business spans all activities related to real estate development, which begins from the identification and acquisition of land till through the planning, execution and sales of its developed projects. It uses its knowledge, experience and information from internal and external sources in making decision relating to land acquisition, development and lease/sales decisions. It emphasizes more on quality design and quality construction and work with different domestic architects and contractors in order to ascertain the best possible design and amenities which can be provided to the customers.

Major Events and milestones:

  • 2008: Incorporation of company as ‘Suratwala Housing Private Limited’ under the Companies Act, 1956.
  • 2008: Marked the beginning of Real-estate operations in Pune district by commencing construction of residential project ‘Suratwala Sweet 16’ at Baner, Pune.
  • 2010: Completion of the residential project ‘Suratwala Sweet 16’ at Baner.
  • 2012: The company was awarded with a Certificate for the project ‘Suratwala’s Sweet 16’ for being among the top three nominated projects under the category Residential-Apartment-Low Cost- Non-Metro at the CREDAI Real Estate Awards 2012.
  • 2015: Started Construction of commercial building ‘Suratwala Mark Plazzo Phase I’ at village Hinjewadi, near Rajiv Gandhi IT Park, Pune.
  • 2016: Successfully completed first commercial project ‘Suratwala Mark Plazzo Phase I’.
  • 2019: Awarded with a ‘Certificate of Membership’ under the authority of ‘CREDAI’ Association.
  • 2019: Change in the name of Company from ‘Suratwala Housing Private Limited’ to ‘Suratwwala Business Group Private Limited’.
  • 2019: Conversion of company from private to public i.e. from ‘Suratwwala Business Group Private Limited’ to ‘Suratwwala Business Group Limited’.
  • 2019: Launching commercial project ‘Suratwala Mark Plazzo Phase II’ at Hinjewadi.
Brands Of Suratwwala Business Group

Brands Of Suratwwala Business Group

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