Passion to foray into a core sector business prompted late K H Oswal to establish Kumar Group on August 15, 1966. Incorporated on May 25, 1993 as Kumar Housing & Land Development, the company changed its name to Kumar Urban Development Limited (KUL) on January 25, 2008.

The company strives hard to enhance its knowledge and technical expertise to ensure that each of its projects has an aesthetic appeal and a stamp of quality. It emphasises on creating unmatched value for its customers, associates and shareholders. At present, the brand ‘Kumar Builders’ is a name to reckon with in the Indian real estate industry.

Location

The company is headquartered in Pune, with branch offices in Mumbai and Bengaluru.

Line of Business

The company is engaged in designing and developing both residential and commercial real estate. Moreover, the company also provides various pre-and-post booking services to achieve maximum customer satisfaction.

Objectives

Three of the noteworthy objectives of the company are as follows:

• To create a customer-focused organisation
• To prevent air, water and noise pollution at site
• To reduce waste of natural resources such as sand, steel, natural stones and metal

Certifications

KUL is an ISO 9001:2008 certified organisation. Apart from this, the company is among the few construction companies to obtain ISO 14001:2004 and OHSAS 18001:2007 certifications.

Achievements

Some of the prestigious awards bagged by the company are as follows:

• Received ‘Best real estate company’ award for 2008 from Amicus Enviro Consultancy, a New Delhi-based environment consultancy firm
• Lalit Kumar Jain, CMD of Kumar Builders, received ‘Man of the Year’ award in 2008 at the 23rd Annual Awards function of Accommodation Times
• Emerged as a runner up in ‘Srishti Good Green Awards 2006’ and winner in ‘Srishti Good Green Awards 2007’

Clientele

The company’s clientele include brand-enhancing names such as Reliance Communications, Microsoft, Mastek Limited, Future Group (Pantaloons), Adidas, Reebok, Tata AIG and Vodafone, among others.

Projects

Completed projects

The company has developed around 125 realty projects in Pune, Mumbai, Panchgani and Bengaluru. Besides, its ‘to be launched projects’ will extend its reach in Hyderabad and Nagpur. Some of the completed projects include Kumar Fun N’ Shop at Hindmata, Mumbai; Kumar Elite at Koregaon Park, Pune; Kumar City at Kalyani Nagar, Pune; Kumar Sophronia at Byculla, Mumbai and The Mint at Sachapir Street, Pune.

Ongoing projects

The ongoing projects include The Orion Residency at Irla, Mumbai; Kumar Tudor at Goregaon, Mumbai; Buena Vista at Bandra (East), Mumbai; 45 Nirvana Hills at Karve Road, Pune and Kumar Sublime at Kondhwa, Pune, among others.

Forthcoming projects

Names of some of the future projects of Kumar Urban Development Limited are Kumar Echleon at Tardeo, Mumbai; Kumar Coture at Worli, Mumbai; Kumar Cove at Kalyani Nagar, Pune; and Kumar Solo near Kondhwa, Pune.

Shareholding pattern

It is a public limited company.

Promoter

Lalit Kumar Jain is the promoter of the company, who is also the chairman and the managing director (CMD).

Turnover

In 2008-09, the turnover of the company stood at Rs 2,391 million.

Profitability

The profit after tax (PAT) for FY2009 stood at Rs 348.5 million.