December 04, 2016 9:47 PM ET

Real Estate Management and Development

Company Overview of Unitech Ltd.

Company Overview

Unitech Limited primarily develops real estate properties in India and internationally. Its property portfolio includes residential, commercial, hospitality, retail, and entertainment projects, as well as special economic zones, IT parks, and industrial and logistic parks. The company’s real estate development activities include the development of mini cities/townships; construction of residential and commercial complexes, such as shopping malls and various types of dwelling units; and construction contracts for highways, roads, powerhouses, refineries, hotels, hospitals, and other buildings/structures, as well as the manufacture of transmission lines. It also manufactures power transmission...

Unitech Commercial Tower II

Sector 45

Block B

Greenwood City

Gurgaon,  122001

India

Founded in 1971

Phone:

91 12 4483 5300

Fax:

91 12 4483 5399

Key Executives for Unitech Ltd.

Managing Director and Executive Director
Age: 43
Managing Director, Executive Director, Member of Committee of Directors, Member of Audit Committee, Member of Stakeholders Relationship Committee and Member of Corporate Social Responsibility Committee
Age: 48
Executive Chairman, Chairman of Committee of Directors and Member of Nomination & Remuneration Committee
Age: 77
Chief Financial Officer and Executive Vice President
Total Annual Compensation: 2.8M
Compensation as of Fiscal Year 2016.

Unitech Ltd. Key Developments

Unitech Ltd. Announces Executive Changes

Unitech Ltd. announced that at its board of directors meeting held on November 04, 2016 considered and approved resignation of Mr. Deepak Jain as Company Secretary & Compliance Officer and the appointment of Mr. Rishi Dev as company Secretary of the company.

Unitech Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2016

Unitech Ltd. announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 2,669.822 million against INR 2,010.528 million a year ago. Profit from operations before other income, finance costs, exceptional items and prior period adjustments was INR 31.610 million against loss of INR 408.020 million a year ago. Loss from ordinary activities before tax was INR 189.373 million against profit of INR 21.751 million a year ago. Net loss for the year was INR 151.120 million against profit of INR 17.098 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 0.06 against earnings per share were INR 0.01 a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 4,878.770 million against INR 3,814.303 million a year ago. Profit from operations before other income, finance costs, exceptional items and prior period adjustments was INR 86.785 million against loss from operations before other income, finance costs, exceptional items and prior period adjustments of INR 2,904.288 million a year ago. Loss from ordinary activities before tax was INR 473.094 million against INR 2,811.974 million a year ago. Net loss for the year was INR 543.935 million against INR 2,907.552 million a year ago. Basic and diluted loss per share before extraordinary items(not annualized) was INR 0.17 against INR 1.07 a year ago.

Unitech Ltd. Approves Appointment of R. Nagpal Associates to Replace Goel Garg & Co. as Statutory Auditor

Unitech Ltd. announced that at the 45th Annual General Meeting, held on September 12, 2016, the shareholders approved the appointment of M/s R. Nagpal Associates as statutory auditor of the company in place of retiring auditors, M/s Goel Garg & Co.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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