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Suratwwala Business Group Ltd.

BSE: 543218 Sector: Infrastructure
NSE: N.A. ISIN Code: INE05ST01010
BSE 00:00 | 05 Aug 210.00 0
(0.00%)
OPEN

210.00

HIGH

210.00

LOW

210.00

NSE 05:30 | 01 Jan Suratwwala Business Group Ltd
OPEN 210.00
PREVIOUS CLOSE 210.00
VOLUME 1000
52-Week high 247.00
52-Week low 68.00
P/E 27.27
Mkt Cap.(Rs cr) 364
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 210.00
CLOSE 210.00
VOLUME 1000
52-Week high 247.00
52-Week low 68.00
P/E 27.27
Mkt Cap.(Rs cr) 364
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Suratwwala Business Group Ltd. (SURATWWALABUSI) - Company History

The Company was originally incorporated and registered under the Companies Act 1956 on 31st January 2008 as a Private Limited Company with the name of `Suratwala Housing Private Limited'. The name of the Company was changed from `Suratwala Housing Private Limited' to `Suratwwala Business Group Private Limited' on 15th May 2019 under the Companies Act 2013 pursuant to Special Resolution passed by Shareholders at Extra-Ordinary General Meeting held on April 19 2019 vide Certificate of Incorporation issued by the Registrar of Companies Maharashtra Pune. Thereafter the Company got converted in to Public Limited Company pursuant to Special Resolution passed by Shareholders at the ExtraOrdinary General Meeting held on July 29 2019 and consequently the name was changed to `Suratwwala Business Group Limited' vide fresh Certificate of Incorporation dated November 21 2019 issued by Registrar of Companies Maharashtra Pune. The Company is engaged in the business of real estate development i.e. residential and commercial projects based in Pune Maharashtra. The projects include the development and sale of residential as well as commercial properties and the maintenance of the properties developed by the Maintenance Business. Apart from development and maintenance business the Company 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 duration. The Company have completed real estate development projects in and around Pune which are at different stages of development. Currently its business mainly focuses on residential developments land development & development of commercial properties. The Development Business spans all activities related to real estate development from the identification and acquisition of land through to the planning execution and sales of its development projects. The Company use knowledge experience and information from internal and external sources in making decision relating to land acquisition development and lease/sales decisions. It emphasis more on quality design and construction and work with different domestic architects and contractors to ascertain the best possible design and amenities which can be provided to the customers. This has helped in providing the scalability required to undertake the development work and also enabled to focus on core area of operations.The Company Promoters Mr. Jatin Suratwala and Mr. Manoj Suratwala with their rich experience have been prominent in growing the real estate business in a more organized manner. Under their leadership and guidance it has been able to cope with the changing scenario happening and challenges in the real estate market. The Company is a member of Credai Pune Metro thereby expanding their horizon to various sectors in construction and real estate business. The Company believe in adding value to customer's business and always put their needs in focus.The Group is developing the biggest commercial hub at Hinjewadi called the `Suratwwala Mark Plazzo'. Hinjewadi is known as the Silicon Valley of Maharashtra and is one of the fastest developing areas in the Pune region where are various young entrepreneurs and IT startup companies who are interested to start their business in this area. The Company is planning to sell affordable commercial properties and always focus on creating comfort for the customers. It has initiated multiple schemes and currently is offering `Assured Rental Plan' and `Relax Plan' till possession and `Rent Protection Plan' after possession to their property buyers.The Directors of the Company are specially focusing on branding marketing and sales network. They are taking special efforts with engagement of professional agencies and exploring in house expertise. Further the Directors of the Company are taking efforts to associate the brand of `Suratwwala Business Group Limited' as a symbol of trust quality and commitment. The Company is providing leasing services to investors. Besides this it take care of entire maintenance of premises. Hence 'Suratwwala Mark Plazzo' has a tremendously excellent response from the investors.During the FY 2020-21 the Company has made investments in Mutual Funds amounting to Rs.20008999 /-.

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