S.K. Gupta, Chairman, Wegmans Trustone Group of Companies
Think about homes and workspaces, commercial centers and recreational parks, SEZ and modern lifestyle spaces in NCR; you will be robotically shipped to the terrain of Wegmans Trustone Group of Companies. The Greater Noida skyline is ornamented with breath taking buildings by this conglomerate! The 250 croregroup has not only carved a distinctive niche in real estate but also in myriad industry segments ranging from hospitality, retail space, agriculture and plantations to finance, commodity trading, manufacturing, depository services, and more. “All of our real estate projects are goldrated; each project is infused
with all safety parameters like firefighting, etc, ultra modern facilities, and related paraphernalia. While designing our projects we take into account changing lifestyle. We never compromise on moral values,” pronounces the dynamicMr. S.K. Gupta, Chairman. What started from scratch in the year 1940 blossomed into a big empire within a short span of time. No wonder it is the Gupta empire of the modern era with successive generations productively carrying forward the business legacy! A staff strength of 100 people with no attrition rate is the vertebral column of the group. Working like family, they enjoy numerous benefits and facilities. Under the banner of Artha Infratech (P) Ltd., Wegmans Group is involved in the construction of IT/ITES SEZ projectsin the NCR region. The real estate firm has been rated 6 star by CRISIL. Enumerated below is a partial list of real estate projects by Wegmans Group.
SEZ Project in Noida Extension
This free-market-oriented geographical project is spread over an area of 25 acres. The first tower, given to IBM on lease for 10 years covers an area of 1,13,000 sqft. This project, worth 400 crores has three more towers at 3,80,000 sqft, 4,20,000 sqft and 3 Lacs sqft. The buildings are gold rated and Leed certified with incorporation of solar panels having capacity to generate 100 watt of electricity. A part of the commercial space has been leased to PVR; a three-screen multiplex is being given shape.
Wegmans Business Park
Planned over 10 acres, Wegmans Business Park (WBP) is designed to suit an international business lifestyle where people can live, work and play in a productive ambience. It includes IT/ITES, Housing, Hospitality, Retail, Business Centre, Entertainment, Incubation centre and recreational space. The residential project in this space comprises of 220 flats encompassing 2 BHK (1100sqft) and studio apartments (400 sqft and 700 sqft).
1. Formula-1,functional Hotel worth Rs. 12 crores in Greater Noida. 2. Accor hotel project, comprising 135 rooms; 70% occupancy witnessed on an average. 3. Sudeep Plaza (completed) in
Dwarka. 4. Wegmans Princeton Plaza (completed)in Rohni. 5. Tivoli Habitat Centre (completed) in Greater Noida. 6. 2 acre industrial plot for setting up of a flour mill, in Greater Noida. “In terms of goodwill, we are counted amongst the top 10 builders in our region. Our credibility can be reckoned by IBM’s possession of our SEZ tower on lease. We are known for 100% commitment for the last 75 years,” utters the charismatic Mr. Sudeep Gupta, Director. He is a postgraduate in Professional Studies in Real Estate and Finance from Cornell University, USA. Wegmans Group boasts of a huge client base from different industry segment. Few of their clients worth mentioning are Tivoli, State Bank of India, LG, IBM, Spencer, PVR, Reliance, NHDC, Accor, Decathlon, Crayon, Inmags, American Epay, Thales, R Systems, i3 Consulting, and the list goes on. “GST is pain for the short term but gain for the long term. We should be more optimistic on this,” says a suave Mr. Shagun Gupta, Director, when asked about his views on GST. Shagun Gupta is a Gold Medalist from Jamia University and an MBA from Symbiosis Institute of Business Management. Wegmans is involved in the financial services sector under the banner of Wegmans Financial Services Pvt. Ltd. and Gupta Commodities Pvt. Ltd. Regarding share market investments, Mr. S. K. Gupta opines, “The youth can invest in the share market and be part of India’s growth story. Opt for systematic investment plans with diversified portfolios for a win-win situation. Youngsters should be ready to take risks.” As part of corporate social responsibility (CSR), Wegmans Group runs two schools at Dhampur for the poor and downtrodden – Premvati Devi Memorial School and Usha Memorial School. While Premvati Devi Memorial School runs classes from Standard Nursery to XII with 700 students, Usha Memorial School has 300 students in BA and LLB streams. Mr. S.K. Gupta, who is an engineer from BHU-IIT and backed by rich experience in finance, constructions, and real estate,shares his opinion on success, tax, democracy, and related paraphernalia - “Be contented and satisfied; over ambitions can make one dishonest. Always maintain goodwill. If your target is too high, you will blame others or the government. Not paying tax to the government is wrong. Democracy is one of the best forms of government.” Sky is the limit for Wegmans Trustone Group of Companies!
Left to right: Mr. Sudeep Gupta, Director, Mr. S K Gupta, Chairman, Mr. Shagun Gupta, Director