S.K. Gupta, Chair­man, Weg­mans Tru­s­tone Group of Com­pa­nies

Business Sphere - - CONTENTS - By Our Cor­re­spon­dent

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).

More Projects

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

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