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History of the Akruti groupThe Akruti group was founded by our promoters Mr. Hemant M. Shah and Mr. Vyomesh M. Shah. The Company has a history of over 17 years commencing with the incorporation of Akruti Nirman Private Limited on February 16 1989 and which was subsequently converted into a public limited company on April 11 2002.At the time of incorporation the registered office address of our Company was at unit No. 6 2nd floor Tardeo Airconditioned Market Building Tardeo Mumbai - 400034. With effect from December 26 1994 it was changed to Maratha Mandir Annex 1st Floor Maratha Mandir Road Opposite Bombay Central Station Mumbai - 400008. Thereafter with effect from April 1 1996 it was changed to 2nd & 4th Floor Mukhadhyapak Bhavan Plot no. 6B Road no. 21 Sion (W) Mumbai - 400022. With effect from August 1 2003 the registered office of the Company was changed to the Akruti Trade Centre Road No. 7 Marol MIDC Andheri (East) Mumbai - 400093 Maharashtra which is the present registered office of the Company.The Akruti group founded by Mr. Hemant M. Shah and Mr. Vyomesh M. Shah has a history over 17 (seventeen) years. The Promoters started their activities on March 22 1977 under the name and style of Vishal Constructions a partnership firm. The Promoters and Mrs. Lata M. Shah were the partners of Vishal Constructions. Mr. Hemant M. Shah Mrs. Lata M. Shah and Vyomesh M. Shah HUF were partners of the said firm sharing profit or loss in the ratio of 50% 30% 20% respectively. Operations were started by undertaking civil engineering anddevelopmental jobs for government and defence services. Vishal Constructions was dissolved on December 27 2001.Over the years the Company has decided to leveraged its experience and expertise for making forays into the execution of real estate projects independently.The Company has been involved as a construction company in a span of over 17 years. The Company?s business activities span across residential commercial and retail sectors supported by a strong management and operational team with vast professional educational and business experience.Key events and milestones relating to the Akruti groupYear Event1995 One of the few Private limited companies to join the SRA scheme with the Government of Maharashtra. First Private limited company to receive Transferable Development Right Certificate (TDR) bearing certificate No. SRA/001 under the SRA scheme.1998 Started construction of one of the first few private software parks Akruti Softech Park at MIDC at Andheri (East).1999 Award for valuable contribution to Slum Rehabilitation Project presented by Accomodation Times. 2001 November 15 2001 received ISO 9001:2000 rating from International Quality Systems in relation to Design Construction and Maintenance of the buildings- Residential and Commercial. 2002 1. Completed construction of Akruti Arcade a Commercial Project at Andheri (West) Mumbai. 2. Received DA2 certification from CRISIL on March 8 2002.2003 The Company completed the construction of two landmark projects Akruti Trade Centre and Akruti Business Port. The Company was presented the Mother India award for excellence in IT Infrastructure Development by Outsourcing 2India.2004 The Company was presented an award for active participation and valuable contribution to construction industry presented by the Practicing Engineering Architecture and Town Planning Association of India.2005 On November 25 2005 the Company received reaffirmed "DA2" rating from The Credit Rating Information Services of India indicating a very good track record of the developer to specify and build to agreed quality levels and transfer clear title within stipulated time schedules.2006 One of the few Private players to deliver free houses to Slum Dwellers currently totaling over 9300.