Sunteck Realty Ltd is an India-based company engaged in realty and construction business. The company is primarily focused on Mumbai. They operate under the Brand names Sunteck, Signia and Signature across the commercial, luxury and premium housing segments. Their subsidiaries include Starlight Systems Pvt Ltd, Satguru Infocorp Services Pvt Ltd, Amenity Software Pvt Ltd and Magenta Computer Software Pvt Ltd.
The corporate business centers of the company include Sunteck Centrako and Sunteck Certainty. The residential projects of Sunteck include Signature Island and Residential Complex. The commercial projects of the company include Sunteck Centre and Sunteck Grandeur. Their developmental activities cover the major metros and mini metros of India including Mumbai, Nagpur and Goa.
Sunteck Realty Ltd was incorporated on October 1, 1981 as a private limited company with the name of Insul Electronics Pvt Ltd. In February 15, 1985, the company was converted into public limited company and the name was changed to Insul Electronics Ltd. In July 1985, the shares of the company were listed on the Bombay Stock Exchange.
In the year 2005, the company was taken over by Manisha Khetan through an open offer and the name of the company was changed to Sunteck Realty & Infrastructure Ltd with effect from April 26, 2006.
During the year 2006-07, the company entered into into a joint venture on 50:50 partnership with Kanaka and Associates to develop a shopping cum commercial complex at Patto Plaza, North Goa. They acquired 50% equity stake of Satguru Infocorp Services Pvt Ltd, which was engaged in the business of providing international Business Commercial centres mainly in the Bandra Kurla Complex, Mumbai. Also, they acquired 26% stake in the equity of Samhrutha Habitat Infrastructure Pvt Ltd.
During the year 2007-08, the company entered into an agreement with Alpex International Ltd and promoted a joint venture company, namely Piramal Sunteck Realty Pvt Ltd with equal capital participation for venturing into the business of Real Estate development, infrastructure and related activities.
During the year, the company acquired property at S V Road, Andheri and entered into a development agreement for property at Western Express Highway, Borivali (East), Mumbai for development of commercial complexes. In November 29, 2007 the name of the company was further changed to Sunteck Realty Ltd.
During the year 2008-09, two companies, namely Satguru Corporate Services Pvt Ltd and Amrut Consultancy Pvt Ltd (Amrut) were amalgamated with the company with effect from June 01, 2008. Consequent upon the merger of Amrut with the company, Magenta Computer Software Pvt Ltd and Amenity Software Pvt Ltd became 100% subsidiaries of company. Also, the company was holding 50% stake in Satguru Infocorp Services Pvt Ltd and the balance 50% stake was held by Amrut. As a result of the merger of Amrut with the company, Satguru Infocorp Services Pvt Ltd became wholly owned subsidiary of the company.
In December 24, 2008, the company acquired 60% stake in Starlight Systems Pvt Ltd to further their business objectives. The company joint venture company Piramal Sunteck Realty Pvt Ltd signed a 50:50 JV agreement with Oman's leading business group W.J. Towell for developing high-end mixed-use properties at premium locations in Muscat.
During the year 2009-10, the company initiated their first city wide billboard campaign in Mumbai which started with corporate branding and followed through, with project launch sites. They have also started participating in property exhibitions in a big way.