verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2015 learn how and when to remove this template message unitech group type public industry real estate founded 1972 founder ramesh chandra headquarters new delhi india key people ramesh chandra executive chairman revenue 760 million 2008 1 net income 300 million 2008 1 total assets 3.03 billion 2008 1 number of employees 1 472 2011 2 website unitechgroup.com unitech limited is india s second largest real estate investment company 3 and has recently claimed to be the largest real estate builder in the country . 4 5 5 the company is based in new delhi 3 and ranks 1484 in forbes global 2000 listing of the top 2000 public companies in the world by forbes magazine 32nd in india . 1 its construction business includes highways roads powerhouses transmission lines and it has residential projects called unitech cities uni world in cities like mumbai delhi kolkata chennai hyderabad mohali bangalore kochi noida greater noida agra lucknow varanasi gurgaon and ghaziabad . 6 past join ventures lg unitech hyundai unitech singapore consortium unitech carlson radission unitech contents 1 history 2 telecommunications 3 references 4 external links history edit founded by 5 partners ramesh chandra dr. s. p. shrivastava dr. p k mohanti dr. ramesh kapur and dr. bahri and originally formed as united technical consultant private ltd in 1972 as a soil investigation company . 7 they later moved into civil engineering contracts in 1974 . 8 the company began to enter into real estate in 1986 . 7 and started to increase focus in real estate in 2000 today it is india s second largest listed real estate firm . telecommunications edit main article uninor unitech had formed a large joint venture with norway based telenor group to create unitech wireless ltd. 9 in august 2009 it secured a 50 billion rupee 1 billion loan from state bank of india sbi.bo to fund its mobile phone network rollout . 10 and after almost 2 years in 2011 due to the 2g spectrum scam controversy explained below the company got involved in a public spat due to which its chairman sanjay chandra allegedly resigned from his position while on bail 11 over telenor s pressure to do so followed by news of unitech s settlement of issues by agreeing to sell its entire stake in the unitech wireless to shift the business to a new entity owned by the former almost 1 year later 12 and then telenor shifted the erstwhile united wireless entire assets into a newly formed holding company as its majority owned subsidiary telewings communications services pvt. ltd. another jv which 26 % stake was owned by an investment firm named lakshdeep investments & finance pvt. ltd. and rest of the 74 % owned by telenor directly thus sealing the end of unitech s presence into telecommunications so far only after 15 days since last development . 13 main article 2g spectrum scam unitech wireless is one of the accused in the 2g spectrum scam . 14 it is alleged that they were able to attain 2g licenses by bribing officials in the indian government even though they didn t have any previous telecom experience . as a fallout of this they had a total of 22 licenses cancelled by virtue of a court order 15 and their managing director sanjay chandra sent to jail . 16 references edit a b c d special report forbes global 2000 forbes the global 2000 . 04.02.08 company profile for unitech ltd unitech ltd unte.bo bombay stock exchange reuters . a b the new mantra for reality sector the economic times . three new schemes for indian property investment developer . offplanpropertyexchange.com . 2009 01 08 . retrieved 2010 11 23 . a b india unitech wireless gets 1 bln loan from sbi . reuters . 18 august 2009 . unitech group profile india s business directory . a b unitech supremo a reluctant tycoon the economic times 26 jan 2008 . unitech building on a diversified strategy . financial express . entered into civil engineering projects into libya in 1978 20 august 2001 . cyber india online ltd. money matters . voicendata.ciol.com . retrieved 2010 11 23 . india unitech wireless gets 1 bln loan from sbi . reuters . 18 august 2009 . unitech ltd unte.bo india s second largest listed real estate firm ... sanjay chandra quits as uninor chairman sources . ndtv profit . 26 november 2011 . sanjay chandra who is in judicial custody for alleged involvement ... unitech settles disputes with telenor to sell stake in uninor . ibnlive . 11 october 2012 . realty firm unitech on thursday said it has amicably settled ... telenor signs lakshdeep as its new partner . the hindu . 26 october 2012 . after ending its telecom joint venture uninor with unitech norway s telenor ... what is 2g scam . ndtv . 2011 05 05 . cancellation of 2g licenses . the hindu . 2012 02 02 . accused in 2g scam . ndtv . 2011 10 22 . external links edit unitech group website retrieved from https en.wikipedia.org w index.php title unitech group & oldid 737036403 categories companies listed on the bombay stock exchangecompanies established in 1972construction and civil engineering companies of indiareal estate companies of indiacompanies based in new delhieconomy of west bengal2g spectrum scamhidden categories use dmy dates from september 2015use indian english from september 2015all wikipedia articles written in indian englisharticles needing additional references from june 2015all articles needing additional referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata 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