Sumit Woods Ltd. Company History and Annual Growth Details

The company was originally incorporated as “Sumit Woods Private Limited” at Goa on January 09, 1997 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Goa, Daman and Diu at Panaji, Goa. The Registered Office of the Company was thereafter shifted to Mumbai with effect from March 24, 2005. Subsequently, the name of the company was changed to Sumit Woods Limited consequent to the conversion of the company into a Public limited company and fresh Certificate of Incorporation dated February 06, 2018 was issued by the Registrar of Companies, Maharashtra at Mumbai. We started our business under a partnership firm namely, “M/s Sumit Constructions” to carry on the business of civil contractors and executed projects for Modern Bread, Railway Officers and Government Holiday Homes. Due to expansion and growth of construction activities in the market, in 1997, Mr Mitaram Jangid and Mr Subodh Nemlekar incorporated the company (Original Promoters) with the object of acquiring land, carrying out construction work, developing and organizing of immovable properties etc. The first project was Kandival i Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. which was completed in the year 2004. the company has thereafter completed 19 projects till date.

1986-2003

- The Founder Members, Mr. Mitaram Jangid and Subodh Nemlekar started their first project “Gharkul Building” at Charkop under the firm name of Gharkul. We 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 3,70,000 sq.ft.

- Registered Office shifted to Mumbai with effect from March 24, 2005

2011-2012

- Completed Four Projects namely:

1. Sumit Pramukh Enclave, Mumbai

2. Mitasu Mansion, Ponda , Goa

3. Sumit Garden,Ponda Goa

4. Siddhant, Bandra, Mumbai

2012 – 2014

- Launched two of our 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.

- We also launched Five new project during this period:

1. “Sumit Bhoomi , Lalbaug , Mumbai

2. “Sumit Bells – Plot B , Goa

3. “Sumit Mount I & II” in Goa

4. “Sun Sumit Enclave”, Borivali (West), Mumbai

5.“Sumit Abode – II”, Matunga, Mumbai

6. Span Trident – Tower C, Bhayander, Thane Dist.

2014-2016

- We Launched Five new project during this period :-

1.“Sumit Garden Groove” ,Borivili (W)

2.“Sumit Artista”, BKC , Mumbai ,

3.Sumit Province, Goa

4.Sumit Lata, Mumbai

5.Sumit Hendre Residenc , Mumbai.

6.“Sai Prasad”, Vile Parle, Mumbai

- We Completed Our Project "Sumit Bhoomi”

- Special Recognitions :-

- We won Best Stall Design award in MCHI-CREDAI property 2014 exhibition by public choice.

- We celebrated our completion of 30 years in real estate business , by organizing a musical evening and celebratory Function at Prabodhankar Thakrey Hall , Borivali (West), Mumbai.

- Nominated for CNBC Awaaz - Real Estate Awards in the year 2015 for our Project "Sumit Greendale", Virar.

2016-2017

- We were able to complete a total of Seven Project along with Full OC in this period which we feel 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, Matunga, Mumbai

- Special Recognitions :-

We received “Iconic Developer - Western Award” for our Project "Sumit Greendale", Virar from "Mid-Day Real Estate Icons" from presented by Mr. Prakash Mehta., Maharashtra Housing Minister

2017-2018

- We Launched Two new project during this period :-

- "SUMIT BELLS - PLOT C"., Goa

- The company was converted into a Public Limited Compay with the name “Sumit Woods Limited”

- We have completed following projects:

- Sumit Mount III, Goa

- Gorai Mitasu, Mumbai

- Special Recognitions :-

- The Founder Director, Mr. 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 

-The Company has issued Bonus Shares in the Ratio of 1:1.

-The Company Launched a new project 'The Monarch' in Dahisar (W).

2021

-The Company receiving Amended Plan Approval Letter from Municipal Corporation of Greater Mumbai for its ARCENCIEL" project''.

2023

-The Company Sumit Group announces the receiving commencement certificate for project Sumit Gurukrishna Situated At Vile Parle (East)''