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Sumit Woods Ltd.

BSE: 535107 Sector: Infrastructure
NSE: SUMIT ISIN Code: INE748Z01013
BSE 05:30 | 01 Jan Sumit Woods Ltd
NSE 15:31 | 22 Mar 34.05 -7.55
(-18.15%)
OPEN

39.90

HIGH

43.65

LOW

33.30

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52-Week low 0.00
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Mkt Cap.(Rs cr) 0
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52-Week high 0.00
52-Week low 0.00
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Sumit Woods Ltd. (SUMIT) - Company History

Sumit Woods Limited was originally incorporated as a private limited company with the name Sumit Woods Private Limited at Goa on January 09 1997. The Registered Office of the Company was thereafter shifted to Mumbai with effect from March 24 2005. Subsequently the name of the company was changed to Sumit Woods Limited consequent to the conversion of the company into a Public limited company on February 06 2018. The Company started its business under a partnership firm namely M/s Sumit Constructions to carry on the business of civil contractors and executed projects for Modern Bread Railway Officers and Government Holiday Homes. Due to expansion and growth of construction activities in the market in 1997 Mr Mitaram Jangid and Mr Subodh Nemlekar incorporated the company (Original Promoters) with the object of acquiring land carrying out construction work developing and organizing of immovable properties etc. The first project was Kandivali Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. which was completed in the year 2004. The Company has thereafter completed 19 projects till date. During the period 2012-17 the main business activities were redevelopment of Old Buildings (CESS Building Redevelopment / MHADA Redevelopment) and residential projects in Mumbai and in the State of Goa. The Company is also a patron member of M C H I CREDAI Mumbai. It is engaged in the construction and development activity for the past 31 years and have constructed many residential and commercial projects in Mumbai Thane and Goa. The Company has handed over along with other project specific SPVs collectively more than 4500 units across 2.86 million square feet totaling to 50 projects.