About Ivrcl Limited
Data last updated:
Ivrcl Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Ivrcl Building Products Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 16 November 1987.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L45201TG1987PLC007959. Its GSTIN is 36AAACI5139B1ZZ (Telangana). The company holds 32 GST registrations, of which 19 are active. It is recorded as listed by MCA, but trading in its shares on BSE (530773) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹330 Cr and a paid-up capital of ₹156.58 Cr. It was formerly known as I. Venku Reddy Constructions Limited and I.Venku Reddy Constructions Private Limited. It is led by directors including Sudhir Reddy Eragam (Managing Director) and Ramesh Chandra Bose Tummala.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.7 Cr, a decline of 8% compared to the previous year. For the same year it recorded EBITDA of ₹7.92 Cr (EBITDA margin 9.8%).
The company has about 530 employees on its provident fund (EPFO) records. Its group structure includes 26 subsidiaries.
The company is associated with 1 brand: IVRCL. As per MCA filings, the company has open charges of ₹26,995 Cr and satisfied charges of ₹3,784.77 Cr on record. Court records list 872 cases involving the company, including 385 filed by the company and 487 filed against it; 128 cases are pending. The company has 191 deals on record (180 market trades, 10 funding rounds, 1 ipo), with disclosed funding of ₹1,621.02 Cr; the latest was in May 2019. Its 6 peer companies in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 4 smaller; the largest is Mecwel Constructions Private Limited with revenue of ₹80.87 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 23 overdue payments to 19 micro and small suppliers.
The last known website on record is ivrcl.com.
Company details
Name history
Ivrcl has undergone 6 name changes throughout its history. The current legal name is Ivrcl Limited.
| Company Name | Status |
|---|---|
| Ivrcl Limited | Current |
| I. Venku Reddy Constructions Limited | Previous |
| I.Venku Reddy Constructions Private Limited | Previous |
| I. Venku Reddy Constructions Private Limited | Previous |
| Ivr Constructions Limited | Previous |
| Ivrcl Infrastructures And Projects Limited | Previous |
| I.Venku Reddy Constructions Limited | Previous |
CIN history
Ivrcl has one previous CIN (Corporate Identification Number): L45201AP1987PLC007959. The current CIN is L45201TG1987PLC007959, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45201TG1987PLC007959 | Current |
| L45201AP1987PLC007959 | Previous |
Contact details
Ivrcl Limited's registered office is in Hyderabad, Telangana. Its website is ivrcl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMihir #8 – 2 – 350/5/A/24/1B&2 Panchavati Colony Road No. 2, Banjara Hills, Hyderabad, Telangana, India – 500034
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Ivrcl 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
Financials of Ivrcl Limited
FY 2018 filings availableIvrcl Limited reported revenue of ₹80.7 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA fell 40% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ivrcl Limited, buy the company report.
Board of directors of Ivrcl Limited
Ivrcl has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Chandra Bose Tummala | Director | 30 Sep 2005 | 21 Years 1 Months | As last reported |
| Sudhir Reddy Eragam Also directs: A. P. Enercon Engineers Private Limited, Eragam Holdings Limited | Managing Director | 01 Oct 2009 | 17 Years 0 Months | As last reported |
| Prabhakar Ram Tripathi | Director | 07 Jul 2006 | 20 Years 3 Months | As last reported |
Peer comparison
Ivrcl Limited is compared with the 6 companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mecwel Constructions Private Limited | ₹80.87 Cr (FY 2023) | 3.0% | Vijayawada, Andhra Pradesh, India | |||
| Kaizen Steel Building Solutions Private Limited | ₹80.8 Cr (FY 2025) | -16.0% | Delhi, India | |||
| Ivrcl Limitedthis company | ₹80.7 Cr (FY 2024) | -8.0% | 530 | Hyderabad, Telangana, India | ||
| Vectras Enprocon Limited | ₹80.53 Cr (FY 2025) | 48.0% | Gandhinagar, Gujarat, India | |||
| Priya Infra Engineers Private Limited | ₹79.76 Cr (FY 2024) | 76.0% | Kozhikode, Kerala, India | |||
| Vishal Structurals Private Limited | ₹79.76 Cr (FY 2020) | 1.0% | Navi Mumbai, Maharashtra, India | |||
| Aster Private Limited | ₹78.61 Cr (FY 2020) | -24.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ivrcl Limited, buy the company report.
Auditor
Ivrcl Limited is audited by CHATURVEDI & PARTNERS for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & PARTNERS | FY 2017 | 307068E |
Shareholding
The shareholding of Ivrcl Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ivrcl Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2017 | 100119249 | Idbi Trusteeship Services Limited | ₹469.82 Cr | Open | |
| 10 Aug 2016 | 100049906 | Idbi Trusteeship Services Limited | ₹1,798.41 Cr | Open | |
| 12 Aug 2015 | 10620403 | Idbi Trusteeship Services Limited | ₹862.15 Cr | Open | |
| 30 Mar 2015 | 10579187 | Idbi Trusteeship Services Limited | ₹302.91 Cr | Open | |
| 24 Nov 2014 | 10535825 | Sbicap Trustee Company Limited | ₹9,149.04 Cr | Open |
To see the full charge records of Ivrcl Limited, buy the company report.
Total charge records: 208 View all charges
Deals & funding
Ivrcl Limited has 191 deals on record (180 market trades, 10 funding rounds, 1 ipo), with disclosed funding of ₹1,621.02 Cr; the latest was in May 2019.
Deals on record (5 of 191)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Market trade | ₹1.96 Cr | Buyer: Diljit Broking & Infra LLP Seller: Sanjeet Motor Finance Private Limited |
| Mar 2016 | Funding round | ₹159.22 Cr | Investors: Canara Bank, Indian Overseas Bank, Icici Bank Limited |
| Jan 2015 | Market trade | ₹12.21 Cr | Buyer: Sanjeet Motor Finance Private Limited Seller: 3 individuals |
| Dec 2014 | Funding round | ₹585.71 Cr | Investors: Icici Bank Limited , Indian Overseas Bank, IDBI Bank Limited |
| May 2014 | Market trade | ₹5.68 Cr | Buyer: Focus Shares & Securities Private Limited Seller: Focus Shares & Securities Private Limited |
To see the full deal history of Ivrcl 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
Ivrcl Limited has 872 court cases on record: 385 filed by Ivrcl, 487 filed against it. 128 cases are pending and 744 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 499 | 193 | 74 |
| District courts | 270 | 207 | 35 |
| NCLAT | 57 | 54 | 18 |
| Supreme Court | 26 | 13 | 1 |
| NCLT | 20 | 20 | 0 |
Cases on record (5 of 872)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed by the company against Imperial Coastal Infra (Formerly Known As M/S Coastal Engineering Constructions) and 2 others | Pending |
| District court, Ernakulam, Kerala | Arbitration matter | Filed against the company by M/S. Nest Hi - Tek Park Pvt. Ltd. | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Raghava Square Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Indusind Bank Limited | Pending |
| District court, Chennai, Tamil Nadu | Appeal | Filed against the company by Trimurthi Hitech Company Pvt Ltd and Another | Pending |
To see the full case history of Ivrcl 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
Ivrcl Limited was last rated by Indiarating on 11 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 11 May 2022 |
To see the full credit ratings and regulatory alerts of Ivrcl Limited, buy the company report.
MSME payment delays
Ivrcl Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 23 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sika India Private Limited | |||
| Cranedge India Private Limited | |||
| Akj Engineers Private Limited | |||
| R and D Multiples (Metal-Cast) Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ivrcl Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ivrcl has 26 subsidiary companies and 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Alkor Petroo Limited | U23209TG2002PLC039393 | |
| Ivrcl Steel Construction and Services Limited | U27109TG2005PLC046635 | |
| Saptashva Solar Limited | U40106TG2007PLC054824 | |
| Ivrcl TLT Private Limited | U40300TG2008PTC059517 | |
| Ivrcl-Cadagua Hogenakkal Water Treatment Company Private Limited | U41000TG2010PTC067081 | |
| Chennai Water Desalination Limited | U41000TN2005PLC057212 |
To see the full group structure of Ivrcl Limited, buy the company report.
Employees & EPFO
Ivrcl Limited has a workforce of 530 employees on its EPFO records as of Oct 03, 2024, across 2 active EPFO establishments.
GST
Ivrcl has 32 GST registrations: 19 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACI5139B1ZZ | Telangana | Active | 01 Jul 2017 |
| 36AAACI5139B2ZY | Telangana | Active | 26 Jul 2017 |
| 03AAACI5139B1Z8 | Punjab | Active | 01 Jul 2017 |
| 06AAACI5139B1Z2 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ivrcl Limited, buy the company report.
Recent activity
Ivrcl Limited has 31 board changes on record since 1997: 17 appointments and 14 cessations. The latest: Raghurami Reddy Lella ceased to be CFO on 14 Jun 2023.
342 earlier events are in the company report.
News
Frequently asked questions
Ivrcl is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ivrcl is a company under liquidation, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 16 November 1987 and is registered under CIN L45201TG1987PLC007959. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ivrcl has 3 current directors:
- Sudhir Reddy Eragam - Managing Director
- Ramesh Chandra Bose Tummala - Director
- Prabhakar Ram Tripathi - Director
The latest financial statements of Ivrcl on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ivrcl is L45201TG1987PLC007959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivrcl is recorded as a listed company by MCA, but trading in its shares on BSE (530773) has been suspended, so they do not currently trade on a stock exchange.
Ivrcl has open charges of ₹26,995 Cr and satisfied charges of ₹3,784.77 Cr as per latest MCA filings.
Ivrcl has 872 court cases on record: 385 filed by the company and 487 filed against it. 128 are pending. Most are in the high courts.
Ivrcl was incorporated on 16 November 1987. It is registered with the Registrar of Companies, Hyderabad.
Ivrcl has 191 deals on record (180 market trades, 10 funding rounds, 1 ipo), with disclosed funding of ₹1,621.02 Cr; the latest was in May 2019.
The peers of Ivrcl by revenue are Mecwel Constructions Private Limited, Kaizen Steel Building Solutions Private Limited, Vectras Enprocon Limited, Priya Infra Engineers Private Limited, Vishal Structurals Private Limited and 1 more, all in the Engineering industry (Engineering Procurement and Construction), with the same principal business activity (roads, railways, utility projects).
Raghurami Reddy Lella ceased to be CFO on 14 Jun 2023. Hima Bindu Myneni ceased to be Director on 06 Feb 2020. Raghurami Reddy Lella was appointed as CFO on 01 Jul 2019. Ivrcl has 31 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
