I take this opportunity to express our gratitude and appreciation towards all those who helped us act our vivid dreams into reality. Your continued patronage and suggestions are a vital part of our growth. We value your trust in our company, and we will do our best to meet your service expectations.
We’ve been in this industry for over 30 years and have seen tremendous surges. We've never experienced anything like 2008 and 2009, during which the global financial crisis and the resultant slowdown in the global economy hit the Indian real estate really hard. We decided to halt business expansion and concentrate on existing projects. Like always, we endeavored to deliver on time and live up to our promise. Despite all odds and discouraging market conditions, we delivered to our customers what we had promised.
As a result of the slowdown and urge to create a stronger presence nationally, emerged the need, for a partner who could meaningfully assist in the company’s long-term growth.
Today, I am pleased to announce that Uppal Housing (P) LTD. and Indus Capital Partners, LLC (USA) have joined hands to form a new venture. The combined company will operate under the name UMANG REALTECH (P) LTD. finest luxury realtor and Indus Capital Partners (USA), world's leading investment firm. Umang's Board of Directors is jointly represented by nominated officials from both Indus and Uppal's thus ensuring international standard corporate governance, operational synergies and broad financial skill sets.
Together, we are uniquely positioned to deliver the innovative housing solutions that stand for quality and value creation. This venture is a significant step forward in reinforcing the values, vision and mission of Uppal Housing (P) LTD. We have the perfect strategic partner that can help take us to the next level in our goal to become the leading brand in Indian real estate.
MD - Uppal Group & Chairman - Umang Realtech (P) LTD.