Akr Construction Limited
About Akr Construction Limited
Data last updated:
Akr Construction Limited is a public limited company based in Hyderabad, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 01 October 2004.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U45200TG2004PLC044320. Its GSTIN is 20AAFCA0649H1Z6 (Jharkhand). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹21.29 Cr. It is led by directors including Alluri Krishnareddy (Managing Director) and Alluri Sashi Kumar Reddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2022, the company reported a revenue of ₹41.87 Lakh, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹2.65 Cr and EBITDA of ₹31.99 Lakh (EBITDA margin 76.4%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 68% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹145.46 Cr and satisfied charges of ₹44 Cr on record. Court records list 130 cases involving the company, including 24 filed by the company and 106 filed against it; 42 cases are pending.
Company details
CIN history
Akr Construction has one previous CIN (Corporate Identification Number): U45200AP2004PLC044320. The current CIN is U45200TG2004PLC044320, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200TG2004PLC044320 | Current |
| U45200AP2004PLC044320 | Previous |
Contact details
Akr Construction Limited's registered office is in Hyderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No.8 – 2 – 684/13 1st Floor Bhavani Nagar Colony Kanakadurga Temple Lane Road No.12 Ban, Jara Hills, Hyderabad, Telangana, India – 500034
- IndustryInfrastructure and Utilities, General Construction Services
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- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Akr Construction is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Akr Construction Limited, buy the company report.
Financials of Akr Construction Limited
FY 2022 filings availableAkr Construction Limited reported revenue of ₹41.87 Lakh (down 76% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years, including a 76% fall in the latest year. EBITDA fell 32% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹31.99 Lakh | ||||
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| Net Profit (PAT) | -₹2.65 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 76.4% | ||||
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To see the full financial statements and ratios of Akr Construction Limited, buy the company report.
Board of directors of Akr Construction Limited
Akr Construction has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indira Alluri | Director | 01 Oct 2004 | 22 Years 1 Months | As last reported |
| Alluri Sashi Kumar Reddy Also directs: Etouch Mobile Solutions Private Limited | Whole-Time Director | 01 Oct 2004 | 22 Years 1 Months | As last reported |
| Alluri Krishnareddy | Managing Director | 01 Oct 2004 | 22 Years 1 Months | As last reported |
Shareholding
The shareholding of Akr Construction Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akr Construction Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2018 | 100420436 | Others | ₹25.32 Cr | Open | |
| 30 Jun 2018 | 100220404 | Others | ₹64 Lakh | Open | |
| 31 Dec 2017 | 100176627 | Others | ₹4.79 Cr | Open | |
| 22 Sep 2014 | 10533669 | Srei Equipment Finance Limited | ₹15.18 Cr | Open | |
| 11 Mar 2011 | 10277531 | Ivrcl Limited | ₹2 Cr | Open |
To see the full charge records of Akr Construction Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Akr Construction Limited has 130 court cases on record: 24 filed by Akr Construction, 106 filed against it. 42 cases are pending and 88 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 76 | 40 |
| High courts | 47 | 25 | 0 |
| NCLAT | 3 | 3 | 2 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 130)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Ushakiran Finance Limited | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed against the company by Ushakiran Finance Ltd., Rep by T.Adinarayana | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed against the company by Sew Infrastructure Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Ltd. | Pending |
To see the full case history of Akr Construction Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Akr Construction Limited was last rated by Crisil on 15 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jun 2020 |
To see the full credit ratings and regulatory alerts of Akr Construction Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akr Construction Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akr Construction Limited has a workforce of 29 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Akr Construction has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AAFCA0649H1Z6 | Jharkhand | Active | 01 Jul 2017 |
| 23AAFCA0649H1Z0 | Madhya Pradesh | Active | 01 Jul 2017 |
| 29AAFCA0649H1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akr Construction Limited, buy the company report.
Recent activity
Akr Construction Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Alluri Sashi Kumar Reddy ceased to be Director on 15 Aug 2007.
17 earlier events are in the company report.
Frequently asked questions
Akr Construction is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Akr Construction is a company under insolvency, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 01 October 2004 and is registered under CIN U45200TG2004PLC044320. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Akr Construction has 3 current directors:
- Alluri Krishnareddy - Managing Director
- Alluri Sashi Kumar Reddy - Whole-Time Director
- Indira Alluri - Director
The latest financial statements of Akr Construction on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Akr Construction is U45200TG2004PLC044320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akr Construction has open charges of ₹145.46 Cr and satisfied charges of ₹44 Cr as per latest MCA filings.
Akr Construction has 130 court cases on record: 24 filed by the company and 106 filed against it. 42 are pending. Most are in the district courts.
Akr Construction was incorporated on 01 October 2004. It is registered with the Registrar of Companies, Hyderabad.
Alluri Sashi Kumar Reddy ceased to be Director on 15 Aug 2007. Alluri Krishnareddy was appointed as Managing Director on 01 Oct 2004. Alluri Sashi Kumar Reddy was appointed as Whole-Time Director on 01 Oct 2004. Akr Construction has 4 board changes on record in total.
The registered office of Akr Construction is at Plot No.8 – 2 – 68413 1st Floor Bhavani Nagar Colony Kanakadurga Temple Lane Road No.12 Ban, Jara Hills, Hyderabad, Telangana, India – 500034.
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