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Ansal Properties & Infrastructure Ltd. Company History and Annual Growth Details

The Company was originally incorporated as Ansal & Saigal Properties Pvt. Ltd on June 30, 1967 and subsequently changed name to Ansal Properties & Industries Pvt.Ltd. on November 10, 1975.

The Company again changed its status to a deemed public limited company effective 15th June 1988, u/s 43A of the Act. Subsequently, by a Special Resolution passed by the shareholders in their Extra Ordinary General Meeting held on 30th March, 1990 restriction u/s 3(1)(iii) of the Act were deleted from the Articles of the Company and the Company, as such, became Public Limited Company within the meaning of Section 3(1)(iv) of the Act.

The Company is engaged in Real Estate Promotion, Construction and Development activities. The Company executes contracts for building residential complexes, commercial complexes etc.

The Company has so far completed 66 projects in India and 5 projects in Iraq with an aggregate contract value of Rs.197.11 crores and Rs.86.50 crores respectively.

The Company was promoted in the year 1967 by Shri Surendra Kumar Saigal and Late Shri Charanjilal Ansal.

2000 - Icra has downgraded the FD rating of the company from MB+ to MB
indicating 'inadequate safety'.


2003
-Board approved delisting of equity share from Ahmedabad, Jaipur and UP Stock Exchanges

2005

-Ansal Properties & Infrastructure signs an MoU with UP govt

2006

-Ansal Properties & Infrastructure Limited has appointed Mr. Anup Kapoor as Chief Financial Officer of the Company.

2007

-Ansal Properties & Infrastructure Ltd has signed two Agreements with IL&FS Investment Managers (IIML), the private equity arm of IL&FS to develop two Projects of Township and IT SEZ in Gurgaon, Haryana.

-Ansal Properties and Infrastructure Ltd (Ansal API) inked a Memorandum of Understanding to form a joint venture company with UEM Builders, a subsidiary of Malaysian conglomerate UEM Group, to take on building, construction and engineering activities in India.

-The Company has issued Bonus Shares in the Ratio of 1:1.

2008

-Ansal Properties and Infrastructure Ltd has inked a shareholder's agreement for a joint venture with UEM Builders, a subsidiary of Malaysian conglomerate UEM Group.

- Ansal Properties & Infrastructure Limited has appointed Shri Mahesh Chand Maheshwari as Chief Financial Officer (CFO) in place of Shri Anup Kapoor, erstwhile CFO.

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