RK Arora is an Indian businessman, best known for being the Chairman of Supertech Limited in Noida.
Wiki/Biography
RK Arora’s full name is Ram Kishor Arora. His zodiac sign is Capricorn. He pursued a bachelor’s degree in civil engineering. He mentioned in an interview that when he started his career, he used to work in a small office with only one room. As a child, he dreamed of becoming a sculptor.
appearance
Height (approximately): 5′ 5″
Hair color: gray
Eye color: black
family
Parents and siblings
There is not much information about his parents and siblings.
wife and children
He is married to Sangeeta Arora.
RK Arora and his wife
His son, Mohit Arora, is the Managing Director of Supertech Limited.
RK Arora and his son
His daughter, Mohini Arora, died in 2016. While studying for higher education at Regent’s University in London, she tragically died in a car accident on the M20 motorway in Kent. She and two friends were driving a BMW when they collided with a truck. Unfortunately, she died at the scene of the accident, while her friend survived. One of her friends broke the devastating news to her family in India.
RK Arora’s daughter
address
He lives in C-110, Sector 36, Noida.
Profession
On December 7, 1995, he founded Supertech with a group of friends. Over the years, the company has expanded its reach and launched real estate projects in 12 cities including Delhi, Meerut, Noida and Greater Noida. In 2006, the company also formed another entity with the purpose of creating, developing and distributing cemeteries. In addition, in 2016, he registered a total of 19 companies. In 1999, he founded Supertech Builders And Promotions Private Limited. In 2005, he founded Crossings Infrastructure Pvt. In 2006, he founded Crossings City Private Limited, Crossings Corporate Park Private Limited, Crossings Greens Property Private Limited, Crossings Home Solutions Private Limited, Crossings Realty Private Limited, Crossings Residency Private Limited, Crossings Towers Private Limited, Crossings Township Private Limited and other companies. Ltd., Crossings Buildwell Sdn Bhd, Dynamic Towers Sdn Bhd and Supertech Reality Sdn Bhd. In 2007, he founded Surprise Supplys Private Limited. In 2009, he founded Supertech Cinemas Private Limited and Supertech Holdings Private Limited. In 2010, he founded Supertech Precast Technologies Private Limited and Supertech Township Project Limited. In 2011, he founded Supertech Urja & Power Private Limited. In 2017, he founded Supertech Housing Finance Limited. In 2018, he founded Supertech Realtors Private Limited. In 2019, he founded Damodar Engineers Private Limited. In 2020, he founded the company Sarv Realtors Private Limited.
dispute
He was arrested by the Enforcement Directorate (ED) from his office in Delhi on June 27, 2023, in connection with a money laundering case. Three days ago, the Education Bureau summoned him and subsequently arrested him. A number of First Information Reports (FIRs) have been registered against the company and its directors in Uttar Pradesh, Delhi and Haryana. The allegations in these FIRs accuse the company of collecting funds from homebuyers but failing to deliver the promised apartments. According to the investigation, Supertech Group received funds from home buyers and loans from banks to build the apartments. However, the funds were allegedly misused to purchase land. The acquired land is then used as collateral to repay bank loans. ED’s investigation found that Supertech Group defaulted on payments to banks and financial institutions resulting in loans worth Rs 1,000 crore. Rs 1,500 crore turned into non-performing assets (NPA). Furthermore, on April 12, 2023, the ED attached property worth Rs 10 lakh. 40 crore, including 25 plots and buildings in Uttarakhand and Meerut Mall in Meerut, Uttar Pradesh, belonging to Supertech and its directors. During his appearance before the court on June 28, 2023, the Ministry of Education accused him of misappropriating Rs. Rs 638 crore was collected from home buyers through bank loans. Instead of completing ongoing projects in Noida, the funds were allegedly used to purchase properties in Gurgaon at inflated prices. In addition, he allegedly spent Rs. 154 crore acquisition of ASP Sarin and Rs. 39 Crore to buy Palash Building Solutions. ED further stated that Rs. In 2013-14, Rs 444 crore was used to acquire a company called Sarv Realtors Private Limited. The ED requested that Arora be detained for 14 days for further investigation into the allegations.
Favorites
- Shopping destination: Dubai
- Vacation destination: Himalayas
Facts/Trivia
- In his free time, he likes to watch the news.
- In March 2022, his company faced financial insolvency and was officially declared bankrupt by the National Company Law Tribunal (NCLT). The company has accumulated debt of approximately Rs. 432 crores.
- He experienced immense pain in August 2022 when the twin towers of the “Supertech Emerald Court” housing society in Sector 93A, Noida, were demolished. In an interview, he spoke about this and said:
As per the UP Apartments Act, 1975 and the UP Apartments Act, 2010, developers need to apply for approval from the competent authorities. In terms of violations of the law, we have not violated any of them. When these plans were passed, the Noida authorities did not pass the Apartment Act. This applies not only to our projects but also to all approvals in the field. Between 2010 and 2014, no one obtained consent for the Condominium Act. No special offers were given to us. Whatever others get, we get the same. “
Categories: Biography
Source: HIS Education