Suratwwala Business Group 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.
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 focuses 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.
Business area of the company
Suratwwala Business Group and its subsidiaries are primarily engaged in the business of construction of residential, commercial, IT Parks, renting of immovable properties and in solar power generating activity along with other related business auxiliary services.
Business model of the company
- Real estate development
- Renting service
- Maintenance service
Awards
- 2012: Debut Residential project Sweet 16 at Baner Awarded for being among the top three nominated project at CREDAI Real-estate Award 2012.
- 2020: The company received certificate of recognition for Top Commercial Projects in September 2020 from Times Real Estate Icons West India 2020.
- 2021: The company received certificate of excellence in commercial real estate projects at Pune Times Mirror Awards 2021.
- 2022: The company has bagged the Most Iconic Young Business Leader in Golden Aim Conference Award 2022.
- 2022: Lokmat Vishwakarma Award 2022.
- 2022: ‘Best Commercial Projject Award of the Year – Suratwwala Mark Plazzo’ from the hands of Hon’ble Eknath Shinde – Chief Minister, State of Maharashtra at CONSTRUCTION TIMES BAM Awards 2022.
- 2023: Suratwwala Business Group has been honored with the prestigious ET Business Awards 2023 2023 From the hand of actors ‘Sanya Malhotra’ in the Category at Trustworthy Brand in Pune Real Estate.
- 2024: Sakal Mahabrand Award 2024.
- 2025: Best Employer Brand Awards 2025 from the Maharashtra State.
History 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.
- 2020: Listed on BSE SME.
- 2023: Migrated from BSE SME to NSE SME main board.
- 2025: Suratwwala Business Group’s subsidiary -- Suratwwala Royyal Hills Properties LLP received environmental clearance certificate for the project 'Californiaa West' towards construction of residential housing project at Kasar Amboli, Pune.