About Asr Engineering & Projects Limited
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Asr Engineering & Projects Limited is a public limited company based in Anantapur, Andhra Pradesh, 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 water treatment segment of the environmental services sector. It was incorporated on 01 December 2005.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U45200AP2005PLC048258. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹165 Cr and a paid-up capital of ₹162.16 Cr. It was formerly known as Sai Sudhir Infrastructures Limited and Sai Sudhir Infrastructures Private Limited. It is led by directors Aparna Duddukunta and Venkatarami Reddy Duddukunta.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Anantapur, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹109.65 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net loss of ₹39.92 Cr (net margin -36.4%) and EBITDA of -₹1.35 Cr (EBITDA margin -1.2%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 446 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Saisudhir Infrastructures. As per MCA filings, the company has open charges of ₹2,549.61 Cr and satisfied charges of ₹443.15 Cr on record. Court records list 149 cases involving the company, including 42 filed by the company and 107 filed against it; 26 cases are pending. The company has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹181.57 Cr; the latest was in December 2015.
The last known website on record is saisudhirinfra.in.
Company details
Name history
Asr Engineering & Projects has undergone 2 name changes throughout its history. The company was previously known as Sai Sudhir Infrastructures Limited, and Sai Sudhir Infrastructures Private Limited. The current legal name is Asr Engineering & Projects Limited.
| Company Name | Status |
|---|---|
| Asr Engineering & Projects Limited | Current |
| Sai Sudhir Infrastructures Limited | Previous |
| Sai Sudhir Infrastructures Private Limited | Previous |
CIN history
Asr Engineering & Projects has one previous CIN (Corporate Identification Number): U45200AP2005PTC048258. The current CIN is U45200AP2005PLC048258, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200AP2005PLC048258 | Current |
| U45200AP2005PTC048258 | Previous |
Contact details
Asr Engineering & Projects Limited's registered office is in Anantapur, Andhra Pradesh. Its website is saisudhirinfra.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No27 Vidyut Nagar New Town, India, Anantapur, Andhra Pradesh, India – 515001
- IndustryEnvironment, Water Treatment
To see the full contact details of Asr Engineering & Projects Limited, buy the company report.
- 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
Brands
Asr Engineering & Projects operates one associated brand: Saisudhir Infrastructures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | saisudhirinfra.com |
Business activity
The main business activity of Asr Engineering & Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Asr Engineering & Projects Limited, buy the company report.
Financials of Asr Engineering & Projects Limited
FY 2023 filings availableAsr Engineering & Projects Limited reported revenue of ₹109.65 Cr (up 87% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 87% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹109.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹39.92 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | ||||
| Net Profit Margin | -36.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Asr Engineering & Projects Limited, buy the company report.
Board of directors and KMP of Asr Engineering & Projects Limited
Asr Engineering & Projects Limited currently reports 2 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aparna Duddukunta Also directs: Saisudhir Energy Limited, NG One Renewables India Private Limited, Saisudhir Hirit Hydroproject Private Limited and 4 more | Director | 14 Aug 2014 | 12 Years 2 Months | As last reported |
| Venkatarami Reddy Duddukunta Also directs: Saisudhir Energy Limited, NG One Renewables India Private Limited | Director | 14 Aug 2014 | 12 Years 2 Months | As last reported |
| Mukkamalla Vijaya Raghava Reddy Also directs: Saisudhir Energy Limited, NG One Renewables India Private Limited, Saisudhir Hirit Hydroproject Private Limited and 4 more | Cfo | 20 Aug 2019 | 7 Years 2 Months | As last reported |
Auditor
Asr Engineering & Projects Limited is audited by R R K & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R K & Associates | FY 2023 | 09785S |
Shareholding
The shareholding of Asr Engineering & Projects Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asr Engineering & Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Feb 2017 | 100091710 | Canara Bank | ₹269.73 Cr | Open | |
| 12 Sep 2014 | 10525517 | Il & Fs Trust Company Limited | ₹1,123.41 Cr | Open | |
| 28 Feb 2014 | 10507120 | Lakshmi Vilas Bank Limited | ₹5 Cr | Open | |
| 30 Nov 2013 | 10468487 | Tata Capital Financial Services Limited | ₹1.22 Cr | Open | |
| 29 Dec 2012 | 10404569 | Shriram Equipment Finance Company Limited | ₹3.06 Cr | Open |
To see the full charge records of Asr Engineering & Projects Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Asr Engineering & Projects Limited has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹181.57 Cr; the latest was in December 2015.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sai Sudhir Employees Trust, 2 individuals |
| Mar 2012 | Funding round | ₹1.93 Cr | Investors: an individual |
| Jun 2011 | Funding round · Series B | ₹115 Cr | Investors: Global Environment Fund |
| Oct 2010 | Funding round | ₹2.19 Cr | Investors: Sai Sudhir Employees Trust |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Asr Engineering & Projects Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asr Engineering & Projects Limited has 149 court cases on record: 42 filed by Asr Engineering & Projects, 107 filed against it. 26 cases are pending and 123 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 83 | 7 |
| High courts | 53 | 22 | 19 |
| NCLT | 5 | 2 | 0 |
| NCLAT | 2 | 0 | 0 |
Cases on record (5 of 149)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Central Bank of India Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against M/S Sai Applied Technologies Pvt. Ltd and 2 others | Disposed |
| NCLT, Amravati | Insolvency matter | Filed against the company by Idbi Bank Limited | Disposed |
| High Court, TELANGANA | Arbitration matter | Filed by the company against Engineering Projects India Limited | Disposed |
| NCLT, NCLT Amaravati | Insolvency matter | Filed by the company against Canara Bank | Disposed |
To see the full case history of Asr Engineering & Projects 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
Asr Engineering & Projects Limited was last rated by Icra on 16 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Jun 2021 |
To see the full credit ratings and regulatory alerts of Asr Engineering & Projects Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asr Engineering & Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Asr Engineering & Projects has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Saisudhir Energy Limited | U40108AP2010PLC067900 | |
| Saisudhir Projects Private Limited | U45200TG2010PTC066776 |
To see the full group structure of Asr Engineering & Projects Limited, buy the company report.
Employees & EPFO
Asr Engineering & Projects Limited has a workforce of 446 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Asr Engineering & Projects has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Asr Engineering & Projects Limited, buy the company report.
Recent activity
Asr Engineering & Projects Limited has 18 board changes on record since 2008: 3 appointments and 15 cessations. The latest: Sadhu Jagannath Shetty ceased to be Company Secretary on 01 Jan 2023.
79 earlier events are in the company report.
Frequently asked questions
Asr Engineering & Projects 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.
Asr Engineering & Projects is a company under insolvency, formerly operating as a public limited company based in Anantapur, Andhra Pradesh, India. The company works in water treatment, within the environment industry. It was incorporated on 01 December 2005 and is registered under CIN U45200AP2005PLC048258. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Asr Engineering & Projects has 3 current directors and KMP:
- Aparna Duddukunta - Director
- Venkatarami Reddy Duddukunta - Director
- Mukkamalla Vijaya Raghava Reddy - Cfo
The latest financial statements of Asr Engineering & Projects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Asr Engineering & Projects is U45200AP2005PLC048258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asr Engineering & Projects has open charges of ₹2,549.61 Cr and satisfied charges of ₹443.15 Cr as per latest MCA filings.
Asr Engineering & Projects has 149 court cases on record: 42 filed by the company and 107 filed against it. 26 are pending. Most are in the district courts.
Asr Engineering & Projects was incorporated on 01 December 2005. It is registered with the Registrar of Companies, Vijayawada.
Asr Engineering & Projects has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹181.57 Cr; the latest was in December 2015.
Sadhu Jagannath Shetty ceased to be Company Secretary on 01 Jan 2023. Lalitha Pallipalem ceased to be Company Secretary on 01 Sep 2019. Mukkamalla Vijaya Raghava Reddy was appointed as CFO on 20 Aug 2019. Asr Engineering & Projects has 18 board changes on record in total.