About Unitech Limited

Unitech Limited, incorporated on February 9, 1971, is one of India’s established real estate developers with a diverse portfolio including integrated residential townships, commercial complexes, schools, hotels, malls, infrastructure projects, power transmission, and hospitality. Its primary business activities are real estate development and allied services. Unitech’s equity shares are listed on BSE and NSE. The company has ongoing projects in seven Indian states across 11 locations, serving individual and corporate customers. It also operates a foreign branch office in Libya.

The Group comprises 217 subsidiaries (185 Indian and 32 foreign), 16 joint ventures, and 4 associates, alongside the one foreign branch. A key governance milestone was the Supreme Court of India’s 2020 order superseding the former Board and constituting a new Board under Government of India oversight. The new Board has since developed and updated a Resolution Framework, submitted to the Supreme Court multiple times between 2020 and 2022.

Key Milestones of Unitech Limited

• Supreme Court-appointed Board instituted in 2020 for governance and restructuring.
• Resolution Framework for the Group updated and placed before the Supreme Court.
• Revival of certain Indian subsidiaries struck off by the Registrar of Companies through NCLT orders.

Unitech Limited Business Segment

The company operates mainly in real estate development and related activities across seven Indian states. It does not have export revenue, but maintains a foreign branch office in Libya.

The business includes real estate development, construction and allied services, power transmission, and hospitality. Segment revenues reported for FY 2024-25 were Rs 189.42 crore (Real Estate & Related), Rs 159.80 crore (Property Management), Rs 34.29 crore (Hospitality), and Rs 13.30 crore (Investment & Other). Power Transmission showed no revenue.

Unitech Limited Key Management

• Yudhvir Singh Malik – Chairman & Managing Director
• Jitendra Mohandas Virwani – Nominee Director
• Dr. Girish Kumar Ahuja – Nominee Director
• Prabhakar Singh – Nominee Director
• Uma Shankar – Nominee Director
• Ashok Kumar Yadav – Chief Executive Officer
• Tajinder Pal Singh Madan – Chief Financial Officer
• Anuradha Mishra – Company Secretary

Latest Updates on Unitech Limited

• Executed key governance functions under Supreme Court-appointed Board with ongoing Resolution Framework updates.
• Attached 777 units and 211.41 acres of land via Enforcement Directorate; management seeking Supreme Court approval for fund mobilization.
• Revived several subsidiaries previously struck off.
• Consolidated financials incorporate 53 audited Indian subsidiaries and 164 unaudited subsidiaries including foreign entities.