Company History - Ansal Properties & Infrastructure
The Company was originally incorporated as Ansal & Saigal Properties
Pvt. Ltd on June 30, 1967 and subsequently changed name to Ansal
Properties & Industries Pvt.Ltd. on November 10, 1975.
The Company again changed its status to a deemed public limited
company effective 15th June 1988, u/s 43A of the Act. Subsequently,
by a Special Resolution passed by the shareholders in their Extra
Ordinary General Meeting held on 30th March, 1990 restriction u/s
3(1)(iii) of the Act were deleted from the Articles of the Company
and the Company, as such, became Public Limited Company within the
meaning of Section 3(1)(iv) of the Act.
The Company is engaged in Real Estate Promotion, Construction and
Development activities. The Company executes contracts for building
residential complexes, commercial complexes etc.
The Company has so far completed 66 projects in India and 5 projects
in Iraq with an aggregate contract value of Rs.197.11 crores and
Rs.86.50 crores respectively.
The Company was promoted in the year 1967 by Shri Surendra Kumar
Saigal and Late Shri Charanjilal Ansal.
2000 - Icra has downgraded the FD rating of the company from MB+ to
indicating inadequate safety.
-Board approved delisting of equity share from Ahmedabad, Jaipur and
UP Stock Exchanges
-Ansal Properties & Infrastructure signs an MoU with UP govt
-Ansal Properties & Infrastructure has given the Bonus in the Ratio
-Ansal Properties & Infrastructure Limited has appointed Mr. Anup
Kapoor as Chief Financial Officer of the Company.
-Company has splits its Face value of Shares from Rs 10 to Rs 5
-Ansal Properties & Infrastructure Ltd has signed two Agreements with
IL&FS Investment Managers (IIML), the private equity arm of IL&FS to
develop two Projects of Township and IT SEZ in Gurgaon, Haryana.
-Ansal Properties and Infrastructure Ltd (Ansal API) inked a
Memorandum of Understanding to form a joint venture company with UEM
Builders, a subsidiary of Malaysian conglomerate UEM Group, to take
on building, construction and engineering activities in India.
-The Company has issued Bonus Shares in the Ratio of 1:1.
-Ansal Properties and Infrastructure Ltd has inked a shareholder's
agreement for a joint venture with UEM Builders, a subsidiary of
Malaysian conglomerate UEM Group.
- Ansal Properties & Infrastructure Limited has appointed Shri Mahesh
Chand Maheshwari as Chief Financial Officer (CFO) in place of Shri
Anup Kapoor, erstwhile CFO.
-Ansal Properties & Infrastructure Limited has been appointed as
President & Company Secretary of the company
-Ansal API to launch new township Project in Gurgaon.
-Trading symbol of Ansal Properties & Infrastructure Limited be
changed from ANSALINFRA to ANSALAPI
-Ansal API to launch four new mega projects in Punjab
-Ansal Properties & Infrastructure Ltd and Red Fort Capital has
signed an agreement form a Joint Venture (JV) to undertake expansion
of a residential township project in Gurgaon.
- Company has appointed Dr. P. S. Rana as a non-executive and
independent Director .
-Suresh Menon has been appointed as Vice President & Group Company
Secretary of the Company & also act as Compliance Officer of the
-The Board of Directors of the Company has appointed Shri Prabhunath
Misra as Additional Director and Managing Director of the Company.