Sumit Woods Ltd.

The company was incorporated as ‘Sumit Woods Private Limited’ a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated January 09, 1997 issued by the Registrar of Companies, Goa, Daman and Diu at Panaji, Goa. The Registered Office of the company was shifted from Goa to Mumbai with effect from March 24, 2005. Subsequently, the company was converted into a public limited company under the Companies Act and the name of the company was changed to ‘Sumit Woods Limited’ pursuant to fresh certificate of incorporation dated February 06, 2018 issued by the Registrar of Companies, Maharashtra, Mumbai.

It started civil construction business in Goa as a partnership firm is now converted into a public limited company. It executed projects for Modern Bread, Railway Officers and Government Holiday Homes. Due to expansion and growth of construction activities in the market, in 1997, Mitaram Jangid and Subodh Nemlekar incorporated the company (Original Promoters) with the object of acquiring land, carrying out construction work, developing and organizing of immovable properties etc. Sumit Woods is a patron member of MCHI, CREDAI Mumbai.

Business area of the Company

Sumit Woods is engaged in the construction and development activity for the last 21 years and has constructed more than 50 residential and commercial projects in Mumbai, Thane and Goa. It has handled over more than 4500 units since its incorporation.

The first project was Kandivali Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. During the period 2012-17, its main business activities were redevelopment of Old Buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in Mumbai and in the State of Goa.

Major events and milestones:

• 1986-2003: Company’s founder members Mitaram Jangid and Subodh Nemlekar started their first project ‘Global Building’ at Charkop under the firm name of Gharkul. It completed 4 projects under the name of Gharkul Constructions and Gharkul Enterprises with a total built up Area of 80,000 sq.ft. A new firm ‘Sumit Constructions’ was formed and completed 15 projects under this banner with a total built-up area of 3,50,000 sq.ft. New Company ‘Sumit Woods Private Ltd’ incorporated at Goa on January 09, 1997.
• 2003-2011: The first project under Sumit Woods Pvt. Ltd. ‘Kandivali Mitnayan Co-Op Housing Society’ in Mumbai, Kandivili was completed. 15 projects completed with a total area of 370,000 sq.ft. Registered Office shifted to Mumbai with effect from March 24, 2005.
• 2011-2012: Completed Four Projects namely Sumit Pramukh Enclave, Mumbai; Mitasu Mansion, Ponda, Goa; Sumit Garden, Ponda Goa; and Siddhant, Bandra, Mumbai.
• 2012-2014: Launched two of its biggest projects namely ‘Sumit Greendale & Sumit Greendale NX’ in Global City, Virar (West) consisting of 838 units with Development Rights agreement with Evershine Developers and Rustomjee. The company also launched Five new project during this period: Sumit Bhoomi , Lalbaug , Mumbai; Sumit Bells -Plot B, Goa; Sumit Mount I & II in Goa; Sun Sumit Enclave, Borivali (West), Mumbai; Sumit Abode -II, Matunga, Mumbai; and Span Trident -Tower C, Bhayander, Thane Dist.
• 2014-2016: The Company Launched Five new project during this period: Sumit Garden Groove, Borivili (W); Sumit Artista, BKC, Mumbai; Sumit Province, Goa; Sumit Lata, Mumbai; Sumit Hendre Residenc , Mumbai; and Sai Prasad, Vile Parle, Mumbai. The company completed its Project ‘Sumit Bhoomi’. The company won Best Stall Design award in MCHI- CREDAI property 2014 exhibition by public choice. It celebrated its completion of 30 years in real estate business, by organizing a musical evening and celebratory Function at Prabodhankar Thakrey Hall, Borivali (West), Mumbai. The Company nominated for CNBC Awaaz -Real Estate Awards in the year 2015 for its Project ‘Sumit Greendale’, Virar.
• 2016-2017: The Company were able to complete a total of Seven Project along with Full OC in this period which it feels is a stand out achievement despite various unfavorable conditions prevailing in Real Estate Sector. -Sumit Bells -Plot B; Sumit Province A & B; Sun Sumit Enclav, Mumbai; Sumit Greendale Phase I, Virar; Sumit Artista, BKC, Mumbai; Sumit Hendre Residency, Byculla, Mumbai; Sumit Abode -II; and Matunga, Mumbai. The Company received ‘Iconic Developer -Western Award’ for its Project ‘Sumit Greendale’, Virar from ‘Mid-Day Real Estate Icons’ from presented by Prakash Mehta, Maharashtra Housing Minister.
• 2017-2018: The Company launched two new projects during this period ‘Sumit Bells -Plot C’, Goa. Company was converted into a Public Limited Company with the name ‘Sumit Woods Limited’.The Company has completed following projects: Sumit Mount III, Goa; and Gorai Mitasu, Mumbai. The Company’s Founder Director, Subodh Nemlekar published his Autobiography ‘Eka Shwashace Antar’ on the occasion of his turning 65 years. Sumit Group of Companies was awarded ‘The Developer of the year in the residential category’ by ‘DNA Real Estate & Infrastructure Awards 2017’. Its Project Sumit Bells at Goa was awarded ‘The Iconic Planned Project Award by Mid-Day Real Estate Icons Award’. It’s Cricket Team ‘Sumit Lions’ won Silver Trophy in the inaugural Mumbai Cricket Association 20-20 Cricket Tournament 2018.Its Founder Member ‘Mitaram Jangid’ was felicitated by Satyapal Singh-Current Union Minister at Birla Matrushri Grah, Mumbai.