AB Infrabuild Share price

The Company was originally incorporated as “A B Infrabuild Private Limited” at Mumbai on March 06 2011 under the provisions of the Companies Act 1956 vide Certificate of Incorporation issued by the Registrar of Companies Maharashtra at Mumbai. The name of the company was changed to A B Infrabuild Limited consequent to the conversion of the company into a Public limited company and fresh Certificate of Incorporation dated June 20 2018 was issued by the Registrar of Companies Maharashtra at Mumbai. The Company took over the business of AB Enterprises the proprietorship concern of the Promoter Mr Amit Bholanath Mishra as per Agreement dated January 23 2012 for a total consideration of ?17715980 which was paid by way of allotment of 1771598 Equity Share of ?10/- each at par. AB Enterprises was formed in the year 1999. AB Enterprises used latest technology in construction and high quality design work Railway Tracks Sub Station offices Interior & Exterior of Railway Station Roads & sky walks etc. AB Enterprises was involved in the construction contracts of Government departments like Railways MTNL BMC & PWD since its inception.In the year 2003 to 2007 AB pioneered in bringing the latest and high end technology and Machineries which includes: Cement Concrete Mixers on Tilting mixers Air compressors with double Jack Hammers Road Rollers Diesel Generators Dewatering / Sewage pumps Theodolite CTM with other lab equipment’s Weigh Batcher Welding Machines Auto Level Instruments Needle / Plate / Screed Vibrators Steel Scaffolding Ace Hydraulic Mobile Crane Terex JCB which helped them for execution of contracts. In April 2011 Company acquired a 40000 sq. ft premises on rental basis to set up Solid forming unit of RMC Plant (Ready Mix Concert. Company started manufacturing the cement slabs of different sizes required in construction of building and roads. Before just forming private limited company Mr. Amit Mishra was instrumental in taking A.B Enterprise at the Ftheth largest position in Mumbai in terms of construction Capacity for railways.We are an ISO 14001:2004 IS9001:2008 & OHSAS18001:2007 accredited along with certification from BM TRADA for compliance of ISO & OHSAS certification. We are a Grade “AA” Contractor registered with the Municipal Corporation of Greater Mumbai and Class I (A Contractor with Public Works Department Maharashtra. We set up the Ready Mix Concrete Plant at Kashimira Thane District Maharashtra and currently have a fleet of 15 Transit Mixers. We have also received a certificate of Compliance from Ready Mix Concrete Manufacturer’s Association.Registered Office of the Company is presently situated at 104 Shubhangan CHS Ltd Jawahar Nagar Near Railway Crossing Goregaon (West Mumbai – 400 062. We have not changed the registered office since incorporation.Key Events and Milestones:1999- 2010-The Promoter Mr. Amit Bholanath Mishra founded AB Enterprises focusing on Civil Works bagged its 1st contract from railways (WR worth Rs. 2.58 Crores thus venturing into Railway contract works- Achieved turnover of Rs. 25 Cr in FY 9-10 and was awarded certification of appreciation from WR for completion of work before time.2011- Incorporated A B Infrabuild Private Limited on March 16 2011 and forayed into RMC manufacturing by setting up a manufacturing unit at Thane. Purchased 20 Transit Mixers.2012- Took over the proprietary business of the promoter Mr Amit Bholanath Mishra A B Enterprises Company crossed a turnover of Rs. 50 Cr in FY 11-12 achieving a top line of Rs. 57.24 Cr- The company bagged two contracts worth approx. Rs. 40 Cr for construction of ROB (Rail over bridge between Jogeshwari and Goregaon.2014-15- Company also ventured into Road works bagging its first contract from MCGM.2016-17- Bagged first contract from MMRDA worth Rs. 25 Cr in FY16-17- Awarded the very first contract for construction of Bridge by BMC worth of Rs. 147 Cr.