Tag: Gurugram real estate

IndustryLatest Stories

Unitech CEO’s Term Extended by One Year

NEW DELHI: Unitech Ltd announced on Tuesday that its board has sanctioned a one-year extension for CEO Ashok Kumar Yadav. In a regulatory disclosure, Unitech, based in Gurugram, stated that during last month’s board meeting, the extension was approved effective from February 11, 2026, or until further notice, whichever comes first. In 2020, the central government intervened and superseded the company’s board following a Supreme Court ruling. The Ministry of Corporate Affairs suggested the formation of a new board, which the Supreme Court ratified on January 20, 2020. Unitech Ltd is currently dealing with a severe cash shortage, leading to…

IndustryLatest Stories

Tulip Infratech Records ₹450 Crore Turnover and ₹80–90 Crore Profit

NEW DELHI: Tulip Infratech, based in Gurugram, has reported a turnover of approximately ₹450 crore for FY25, with profits ranging from ₹80–90 crore, yielding margins of 15–20%, as disclosed by Parveen Jain, chairman & managing director of the company. The firm anticipates that its revenue in the current fiscal year will remain largely stable, with potential fluctuations of ±10%. It aims to maintain margins between 10–20%, supported by controlled leverage, strategic pricing, and consistent progress on ongoing construction projects. The company adopts a conservative operational model, limiting itself to a maximum of four simultaneous projects at a time. In 2025,…