Vishnusurya Projects and Infra Ltd - Stock Valuation and Financial Performance

Vishnusurya Projects and Infra was incorporated as 'Surya Developers and Promoters Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 17, 1996 issued by the Assistant Registrar of Companies, Tamil Nadu. its registered office was situated at North Mada Street, Mylapore, Chennai. The name of the company was changed to 'Vishnusurya Logistics Private Limited', pursuant to a fresh certificate of incorporation dated September 1, 2010 issued by the Assistant Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands. Thereafter, the company entered into a composite Scheme of Amalgamation, which was approved by the Honourable Madras High Court vide their order dated September 25, 2015. Pursuant to the same, Satellite Town Development Private Limited (Transferor I), Suryavishnu Enterprises Private Limited (Transferor II) amalgamated with Vishnusurya Logistics Private Limited. (Transferee)

Further, the name of the company was changed from 'Vishnusurya Logistics Private Limited' to 'Vishnusurya Projects And Infra Private Limited' pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, Chennai dated September 19, 2018. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an extraordinary general meeting held on April 19, 2023 and a fresh certificate of incorporation dated May 12, 2023 was issued by the Registrar of Companies, Chennai consequent upon conversion, recording the change in the name of the Company to 'Vishnusurya Projects and Infra Limited'.

Vishnusurya Projects and Infra was incorporated in the year 1996 with a small and dedicated team of construction experts, service providers, contractors, suppliers, and consultants to accomplish one shared goal, building a responsible future. Its Promoter and Promoter Group have interest in diverse set of business spread across Engineering Procurement and Constructions (EPC), mining, education, technology, risk mitigation, media, consultancy, drones etc.

The company is engaged in mining of rough stones and manufacturing of aggregates & Manufacture-sand by using Crushing Plants and Sand washing plants. In addition to mining activities, it is engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development. The company executed and delivered multiple real estate projects in past such as construction of villas, multi storied apartments, specific contracts like compound wall, renovation works, site formation, etc. and design and construction of various infrastructure projects for the government, autonomous and private bodies in state of Tamil Nadu. The company is also engaged in buying, selling and providing integrated solutions for Drones as a Service for surveillance, mapping and surveying purposes.

It has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, (4) Highways Departments pursuant to which it is eligible to participate and undertake projects awarded by various other departments and agencies. The scope of its services includes detailed engineering of the project, procurement of key materials, and project execution at the sites with overall project management up to the commissioning of these projects.

Business area of the company

The company is engaged in mining of rough stones and manufacturing of aggregates & Manufacture-sand by using Crushing Plants and Sand washing plants.

Awards and accreditations 

• 2022: The Company was awarded with Category C Overall Performance I Prize by Tamil Nadu Mines Safety Association and Chettiand Cement Corporation (P) Limited.
• 2018: The Company was awarded with Category C Standard of Supervision I Prize by Tamil Nadu Mines Safety Association and M/s Krishna Mines Tiruneiveli jointly with M/s Stanco Traders, Sivakasi.
• 2018: The Company was awarded with Category C Blasting Storage and Use of Explosives I Prize by Tamil Nadu Mines Safety Association and M/s Krishna Mines Tiruneiveli jointly with M/s Stanco Traders, Sivakasi. 

History and milestones 

• 1996: Incorporated as ‘Surya Developers and Promoters Private Limited’ for undertaking turnkey and EPC projects.
• 2010: The name of the company was changed from ‘Surya Developers and Promoters Private Limited’ to ‘Vishnusurya Logistics Private Limited’ in view of the new objects of the Company for undertaking container freight station and C&F business activity.
• 2015: The registered office of the Company was shifted from 3rd Floor, Old No. 25, New No 76, North Mada Street, Mylapore, Chennai-600 004 to 2nd Floor, Qbas Temple Tower, No 76/25, North Mada Street, Mylapore, Chennai-600 004, Tamil Nadu, India.
• 2015: The Company entered into a composite Scheme of Amalgamation, which was approved by the Honourable Madras High Court vide their order dated September 25, 2015. Pursuant to the same, Satellite Town and Development Private Limited (Transferor I), Suryavishnu Enterprises Private Limited (Transferor II) amalgamated with Vishnusurya Logistics Private Limited. (Transferee)
• 2015: The Company identified mining and crushing of rough stones and jelly, then as aggregates and a new business vertical was started.
• 2018: The name of the company was changed from Vishnusurya Logistics Private Limited to Vishnusurya Projects and Infra Private Limited as the Company started exploring EPC business as a forward integration business.
• 2021: With a view to assist NHAI it started a new business vertical -Survey of NHAI roads using drones.
• 2023: The Company was converted into a public limited company and the name was changed to 'Vishnusurya Projects and Infra Limited'.