New Delhi, 22nd May, 2011: Unitech, India's leading business group and an integrated developer of large-scale real estate projects, was ranked 13th in the survey of the ‘Fastest Growing Companies’ conducted by Businessworld. It has been placed in the ‘Heavyweights’ category. This category consists of those companies, which had sales of Rs. 1,000 – 4,999 crore in 2009-10. 
The process of the survey began with the universe of 5,331 companies, which were in the database of Centre for Monitoring Indian Economy (CMIE). These were the companies, which declared their financial results for all the five years between 2005-06 and 2009-10. This list of companies was further narrowed down to only non-trading and non-financial services companies and also excluded those companies that had reported a net loss in more than one of the years under study (2005-06 to 2009-10). 
The entire lists of companies were segregated into four categories on the basis of turnover of 2009-10. The categories are ‘Super Heavyweights’, ‘Heavyweights’, ‘Middleweights’ and ‘Welterweights’. Lastly, Businessworld used array of financial parameters to filter the companies with good financial health and made the final ranking on the basis of the average of the four years’ growth rates in sales.     
Commenting on the ranking, Mr Ajay Chandra, Managing Director, Unitech said, “We are honored to be ranked amongst the top 15 fastest growing companies in India. Unitech has one of the largest product ranges in the market starting from Unihomes (in the Affordable Housing segment) to the high end luxury villas and super luxury Golf Course residential projects. The robust growth of the Indian economy has led to a stable demand for residential projects and there has also been a marked improvement in the demand for office spaces. We are working on a wide-array of projects to meet this growing demand”
 
About the Unitech Group
Unitech is amongst India’s leading business groups, with an outstanding track record in large-scale, integrated, Real-Estate Development and Infrastructure Development in India. In the real estate space, Unitech offers construction, property development, management and consultancy services. The focus is on large, mixed-use developments and the company’s diverse portfolio includes residential, commercial, special economic zones (SEZs), IT Parks, hospitality, retail and entertainment. Unitech’s land reserves are spread across all major hubs of economic activity in the country. Unitech’s portfolio of infrastructure businesses includes general construction, design, manufacturing, erection and commissioning of transmission towers, mainly for the power sector; and development of industrial and logistic parks. The company will also pursue Build Operate Transfer (BOT) opportunities in the highways, housing and power transmission sectors. Be it firms like Som, Callison and HOK in real estate– Unitech has a history of successful partnerships with leading global organizations. Its blue-chip customer portfolio in real estate includes clients like Fidelity, HSBC, Sun Life, Marriott, Reebok, IBM, RBS, Ernst & Young, Bank of America and LG. Unitech was the first real estate developer to have been certified ISO 9001:2000 in North India. The Unitech brand is well recognized in India and was conferred with the title of “Superbrand” by Superbrand India in 2009. Unitech has been chosen as a Power Brand 2010-2011 by the Indian Consumer under the Realty category. It is also a recipient of CW Architect and Builders Award, 2008 for being one of India’s top 10 builders.