Home  »  Company  »  Sadbhav Engineering Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Sadbhav Engineering Ltd. Company History and Annual Growth Details

Sadbhav Engineering Private Limited was incorporated on October 3, 1988.
The registered office was situated at 707, 7th Floor, Shilp Building, Near
Municipal Market, C G Road, Navrangpura, Ahmedabad 380009. Our Company
became Deemed Public Company by virtue of section 43A(1A) of the Companies
Act, 1956, w.e.f September 18, 1992. This section was subsequently removed
and therefore our Company was converted into a Public Limited Company
'Sadbhav Engineering Limited' with a fresh Certificate of Incorporation obtained on
May 17, 2001. The registered office of our Company has shifted to 'Sadbhav House'.
Opposite Law Garden Police Chowki, Ellisbridge, Ahmedabad 380 006 with effect
from January 3, 2004.

Mr. Vishnubhai M Patel, one of the partners of M/s. Bhavana Construction Co., the
erstwhile partnership firm is the Promoter of our Company. He is our Managing Director
since inception.

M/s. Bhavna Construction Co., a partnership firm was formed in 1968 by Mr. Vishnubhai
M. Patel, Mrs. Santokben Mafatlal Patel, Mr. Jayabtibhai and Mr. Kanubhai Mafatlal Patel.
This partnership firm was formed for the purpose of carrying on construction business. By
virtue of the partnership deed dated September 16, 1988, Mr. Jayabtibhai and Mr.
Kanubhai Mafatlal Patel retired from the partnership and eight new partners were inducted
in the partnership firm. The new partners were Mr. Chandradevsingh Goresingh,
Mr. Gautambhai Rambhai Patel, Mr. Chetankumar Nandubhai Patel, Mr. Arunkumar
Goresingh, Mr. Pareshbhai Chandrakant Patel, Mr. Arvindkumarsingh Goreshingh,
Mr. Anilkumarsingh Goresingh and Mr. Kiritbhai Anubhai Patel.

Our Company took over the running business of M/s Bhavna Construction Co., a partnership
firm w.e.f. from October 1, 1989 at its book value. The partners of M/s. Bhavna Construction
Co. were issued 22,500 Equity Shares of Rs. 100/- amounting to Rs. 22.50 lakhs as
consideration towards the sale. The partnership firm was dissolved with effect from March
11, 1992.

The Company was initially engaged in execution of irrigation and mining projects
and entered into road projects during the year 1996-97.

The total income for the year ended March 31, 2005 was Rs. 20728.09 lakhs, the Profit after
Tax stood at Rs. 738.83 lakhs, the EPS was Rs. 12.30 (after adjustment of bonus) and the
Networth was Rs. 6030.88 lakhs. For the half year ended September 30, 2005 the total income
was Rs.12382.43 lakhs, the profit after tax stood at Rs. 569.72 lakhs, the EPS was Rs. 7.12
(non annualized) and the Networth was Rs. 6588.93 lakhs.

Gammon Infrastructure Projects Limited, a wholly owned subsidiary of Gammon India Limited,
acquired a stake of 13.75% of the capital in our Company in March 2005, In November 2005
the shares have been transferred to Gammon India Limited. Synergies of business is one of the
reasons for this acquisition. Gammons areas of operation includes bridges, power, etc. As we
have a proven and establish track records in timely completion and quality work in road,
irrigation and mining projects, this relationship will work to the betterment of both the organisations.


-Sadbhav Engineering secures projects from Government of Andhra Pradesh Irrigation and CAD Department


- Sadbhav Engineering has secured an order from Northern Coalfields Limited, a subsidiary of Coal India for Rs.136.83 crore.
Subscribe now to get personal finance updates in your inbox!