Tirupati Group Explained

Tirupati Group Limited
Type:Private
Key People:joint managing director num_employees = 2,000+ (2014)
Assets:US$100+ million (2014)
Homepage:Homepage

Tirupati Group Limited (TGL) is a privately owned real estate development and construction company in Uganda. Tirupati Group Limited provides development funding and also constructs its own buildings.

History

The company was established in 2006. During its first five years of existence, the company developed and constructed four projects: (a) Tirupati House 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 8km (05miles), 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.[1]

In June 2014, TGL won a contract to upgrade and renovate Masaka Regional Referral Hospital for approximately US$4 million (USh:10.6 billion).[2] [3]

Scope of work

the following real estate projects have either been completed or are in development by the company:[4]

Name of developmentLocationCountryTypeCapacityYear completed or completion expectedEstimated value (US$)Notes
Namanve Shopping CenterKIBPUgandaShopping Mall150 Offices2017
Tirupati Bujumbura Shopping CenterBujumburaBurundiShopping MallOffices, Restaurants & Shops2016
Tirupati Bukoto Shopping MallBukotoUgandaShopping MallOffices, Shops, Restaurants, Parking & Security2018
Marina Portbell ApartmentsPort BellUgandaResidential Apartments150 Offices2018
Tirupati Heights KampalaUgandaUpscale ApartmentsApartments2018
Tirupati New Mazima KampalaUgandaShopping MallRetail space, Parking, Security2019
Tirupati Towers KampalaUgandaOffice Complex150 Offices2020
Bugolobi Apartments BugoloobiUgandaUpscale Apartments14 Luxury Apartments2020Condominiums
Mazima Shopping Mall I NsambyaUgandaShopping MallRetail shops, Supermarket, Offices & Parking201215 millionOpposite American EmbassySits on 1.2 acres
Mazima Shopping Mall II KabalagalaUgandaShopping MallHotel, Restaurant, Ban Hall20152.1 millionBank of Baroda on Ground Floor
Tirupati Half London KabalagalaUgandaOffice ComplexOffices20122.1 million
Nkumba University Hostel Nkumba, EntebbeUgandaUniversity Student Hostel144 Self-contained rooms20113 millionLocated on 22 acres with lake view
Ovino Market Kisenyi, KampalaUgandaUrban Retail Market350 retail shops, 50-room hotel, 7 restaurants, parking201010 million
Miami Villas Luzira, KampalaUgandaLuxury Homes6 Villas, each with 3 ensuite bedrooms201112.1 million
Tirupati House Kamwookya, KampalaUgandaOffice Tower14 Executive Offices & Retail Units20082 millionHouses HQ of TDUL

Subsidiary companies

In addition to developing and constructing real estate projects, TGL has several non-real-estate related subsidiaries. Bio-Waste Management Limited collects and disposes of biomedical and pharmaceutical waste in an environmentally friendly and safe manner. Offices and disposal facilities are located 30km (20miles) by road northeast of Kampala.[5]

Tirupati Agricultural Development Limited is an agribusiness that operates a demonstration farm on 400acres and maintains a sugarcane plantation on the adjacent 2500acres. Crops on this demonstration farm include pineapples, maize and onions. It is located in Kayunga District.

See also

Notes and References

  1. Web site: John. Musinguzi. 10 February 2010. Tirupati: The Regional Leader In Novelty. 26 November 2014. The Observer (Uganda).
  2. Web site: Masaka Hospital To Get 800-Bed Block. 16 June 2014. Andrew. Kaggwa. The Observer (Uganda). 26 November 2014.
  3. Web site: 11 June 2014. 26 November 2014. Government Earmarks USh10 Billion for Masaka Hospital. Francis. Emorut. New Vision (Kampala).
  4. Web site: Projects. https://web.archive.org/web/20141125151358/http://www.tirupati-uganda.com/projects.html. 25 November 2014. 26 November 2014. Tirupati Development Uganda Limited.
  5. Web site: Tirupati Biomedical Waste Services. https://web.archive.org/web/20160304041341/http://www.tirupati-uganda.com/tirupati-deveopments-biomedical-waste-management.html. 4 March 2016. Tirupati Development Uganda Limited.