Total assets US$400+ million (2014) Founded 2006 Type of business Private | Website Homepage Number of employees 2,000 Key person Miraj Barot | |
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Industry Real Estate & Construction Key people Harshad Barot
Chairman
Miraj Barot
Managing Director & CEO Products Office Towers, Shopping Malls, Condominiums, Apartment Complexes Headquarters Kamwookya, Uganda, Kampala, Uganda | ||
Tirupati Development Uganda Limited (TDUL), is a privately owned real estate development and construction company in Uganda, the third-largest economy in the East African Community.
Contents
Overview
TDUL is a subsidiary of Tirupati Sarjan Limited, an Indian real estate and construction company, whose stock is traded on the Bombay Stock Exchange (BSE). The company has over a dozen real-estate projects in development or under construction in East Africa. Tirupati Development Uganda Limited is unique in its approach to real estate investment and development. It provides the development funding and also internally constructs its own buildings. In June 2014, TDUL won the contract to upgrade and renovate Masaka Regional Referral Hospital for approximately US$4 million (USh:10.6 billion).
History
The company was established in 2006. During its first five years of existence, the company developed and constructed four projects: (a) Tirupati House, the company's headquarters located in the Kamwookya suburb of the country's capital, Kampala, (b) Ovino Market, a development in the Kisenyi Area, a former slum in the center of Kampala, (c) Bugoloobi Executive Apartments, an upscale development in the suburb of Bugoloobi and (d) Nkumba Village a mixed-use development consisting of university student hostel and a shopping mall, near the campus of Nkumba University, approximately 8 kilometres (5.0 mi), by road, northeast of the central business district of the town of Entebbe. In 2010, Tirupati was recognized for ‘Introduction of a Novel And Competitive Product In East African Region’, during the 16th Annual Investor of the Year Award Ceremony held by the Uganda Investment Authority. It was in regard to Tirupati's Ovino Market, in Kisenyi, Kampala.
Scope of work
As of November 2014 the following real estate projects have either been completed or are in development by the company:
Subsidiary companies
In addition to developing and constructing real estate projects, TDUL has several non-real-estate related subsidiaries, including the following:
- Bio-Waste Management Limited - A company that collects and disposes of bio-medical and pharmaceutical waste in an environmentally friendly and safe manner. Offices and disposal facilities located 30 kilometres (19 mi), by road, northeast of Kampala.
- Tirupati Agricultural Development Limited - An agribusiness that operates a demonstration farm on 400 acres (160 ha) and maintains a sugarcane plantation on the adjacent 2,500 acres (1,000 ha). Crops on the demonstration farm include pineapples, maize and onions. Located in Kayunga District.