September 21, 2014 7:41 PM ET

Construction and Engineering

Company Overview of Zoom Developers Pvt. Ltd.

Company Overview

Zoom Developers Pvt. Ltd. operates as a project development and management company. The company’s projects include process plants; and industrial and engineering projects, such as location study and market survey, technology evaluation, detailed project report, engineering services, fabrication engineered capital goods, inspection, packing and transportation services to the project-site, and erection and commissioning. It also engages in energy and environmental projects, including water purification/effluent treatment projects, flue gas de sulphurisation equipment, soil savers, and bio- diesel. In addition, the company offers infrastructure and real estate development services, such as road...

C’ Block

5th Floor Devchand House

Shivsagar Estate, Dr. Annie Besant Road

Worli

Mumbai,  400018

India

Founded in 1991

Phone:

91 22 6653 1100

Fax:

91 22 6653 1145

Key Executives for Zoom Developers Pvt. Ltd.

Chief Executive Officer and Director
Founder and Director
Compensation as of Fiscal Year 2014.

Zoom Developers Pvt. Ltd. Key Developments

Zoom Developers's Assets Again Put Up For Sale

United Bank of India (BSE:533171) has put the assets of Zoom Developers Pvt. Ltd. on the block for the fourth time to recover dues of INR 30.02 billion. The bank reportedly tried thrice to sell the assets in the past. The amount was due to a consortium of 25 banks, including UBI, Punjab & Sind Bank, Central Bank of India among others. UBI had put the assets on the block on behalf of other banks under the Sarfaesi Act. The reserve price of the assets is INR 318.8 million. The properties include 900 sq metres property in the Andheri area of Mumbai and four land parcels with a total area of 75,788 sq ft at Indore in Madhya Pradesh.

Zoom Developers Assets Up For Sale

United Bank of India (BSE:533171) (UBI) has put the assets of Zoom Developers Pvt. Ltd. on the block to recover loans worth INR 2,650 crore. The auction of the seven assets put on the block will be done online, UBI said. The last date of receiving the tender is December 19, 2013.

United Bank To Sell Zoom Assets

United Bank of India is planning to sell the assets it forfeited from Zoom Developers Pvt. Ltd. for recovery of loans exceeding IINR 30 billion, on behalf of 25 banks, a United Bank official told NewsWire18. The assets on sale include two properties in Mumbai, one in Raigad district, and five properties in Indore. The United Bank official said that the assets on sale have a reserve price of INR 738.8 million. United Bank also hopes to recover interest and other expenses from the sale of assets.

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