Ramesh Chandra
Encyclopedia
Ramesh Chandra is the founder of the multi-billion dollar India
n Real Estate
company Unitech
. As of 11 March 2009, his net worth was estimated at $600 million, which dropped from $9.6 billion just a year back. This was mainly due to the huge reduction in Unitech stock price amid real estate meltdown.
, a town in Uttar Pradesh
. After finishing his schooling here, he joined IIT Kharagpur, where he studied structural engineering.
post his graduation, he left to major in Structural Engineering from the University of Southampton
in England. However, , along with four of his friends, he started the United Technical Consultant Private Ltd., primarily a soil investigation company, in Delhi.
He moved into real estate and civil engineering in 1985 to build middle-class homes and completed many prestigious projects in Gurgaon, UP, and Libya, among other middle-eastern countries. His publicly traded company, the Unitech Group
is building a 350 acres (1.4 km²) community of luxury homes in the Delhi suburbs with a Greg Norman
signature golf course
. The company is now largely under the management of two sons — Ajay Chandra and Sanjay Chandra
with latter being in charge of Unitech Wireless. In 2011, Sanjay Chandra was implicated in the 2G spectrum scam
and was arrested by the Central Bureau of Investigation
.
.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n Real Estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
company Unitech
Unitech
Unitech may refer to:*Unitech Group, real estate developer based in Delhi, India*Papua New Guinea University of Technology*UNITECH International Society*2006 Unitech Cup*Infogix, Inc. formerly known as Unitech Systems, Inc....
. As of 11 March 2009, his net worth was estimated at $600 million, which dropped from $9.6 billion just a year back. This was mainly due to the huge reduction in Unitech stock price amid real estate meltdown.
Early life and education
Ramesh Chandra, was born in 1941 to a banker, and spent his formative years in FarrukhabadFarrukhabad
Farrukhābād , is one of the important cities of Central Doab Region in the State of Uttar Pradesh in northern India. The city was founded in 1717 by Mohammed Bangash who named it after the Mughal emperor Farrukhsiyar. Farrukhabad is situated on the bank of sacred river Ganges.-Demographics: India...
, a town in Uttar Pradesh
Uttar Pradesh
Uttar Pradesh abbreviation U.P. , is a state located in the northern part of India. With a population of over 200 million people, it is India's most populous state, as well as the world's most populous sub-national entity...
. After finishing his schooling here, he joined IIT Kharagpur, where he studied structural engineering.
Career
After completing a short stint at the Bridge and Roof Company in KolkataKolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
post his graduation, he left to major in Structural Engineering from the University of Southampton
University of Southampton
The University of Southampton is a British public university located in the city of Southampton, England, a member of the Russell Group. The origins of the university can be dated back to the founding of the Hartley Institution in 1862 by Henry Robertson Hartley. In 1902, the Institution developed...
in England. However, , along with four of his friends, he started the United Technical Consultant Private Ltd., primarily a soil investigation company, in Delhi.
He moved into real estate and civil engineering in 1985 to build middle-class homes and completed many prestigious projects in Gurgaon, UP, and Libya, among other middle-eastern countries. His publicly traded company, the Unitech Group
Unitech Group
The Unitech Group is India's second largest real estate investment company, and has recently claimed to be the largest real estate builder in the country.....
is building a 350 acres (1.4 km²) community of luxury homes in the Delhi suburbs with a Greg Norman
Greg Norman
Gregory John Norman AO is an Australian professional golfer and entrepreneur who spent 331 weeks as the world's Number 1 ranked golfer in the 1980s and 1990s...
signature golf course
Golf course
A golf course comprises a series of holes, each consisting of a teeing ground, fairway, rough and other hazards, and a green with a flagstick and cup, all designed for the game of golf. A standard round of golf consists of playing 18 holes, thus most golf courses have this number of holes...
. The company is now largely under the management of two sons — Ajay Chandra and Sanjay Chandra
Sanjay Chandra
Sanjay Chandra is the Managing Director of Unitech Ltd. He is one of the accused in the 2G spectrum scam.- Early Life and Education :...
with latter being in charge of Unitech Wireless. In 2011, Sanjay Chandra was implicated in the 2G spectrum scam
2G spectrum scam
The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would use to create 2G subscriptions for cell phones...
and was arrested by the Central Bureau of Investigation
Central Bureau of Investigation
The Central Bureau of Investigation is a government agency of India that serves as a criminal investigation body, national security agency and intelligence agency. It was established on 1 April 1963 and evolved from the Special Police Establishment founded in 1941...
.
Personal life
He is married to Dr. Pushpa Chandra and has two children — Ajay Chandra and Sanjay ChandraSanjay Chandra
Sanjay Chandra is the Managing Director of Unitech Ltd. He is one of the accused in the 2G spectrum scam.- Early Life and Education :...
.
External links
- Unitech Group website
- Unitech - A Real StoryUnitechUnitech may refer to:*Unitech Group, real estate developer based in Delhi, India*Papua New Guinea University of Technology*UNITECH International Society*2006 Unitech Cup*Infogix, Inc. formerly known as Unitech Systems, Inc....