Kaushalya Infrastructure Development Corporation Share price

Kaushalya Infrastructure Development Corporation Ltd.was incorporated as R.M.S Exim Private Limited videCertificate of Incorporation No. 21-055629 dated 4th June1992 with the Registrar of Companies West Bengal Kolkata and subsequently the name was changed to Kaushalya Infrastructure DevelopmentCorporation Private Limited vide fresh Certificate of Incorporation dated 5th November 2001.In the very next year it was converted in to Public limitedcompany vide fresh Certificate of Incorporation dated 7th February 2002.Kaushalya a medium sized construction Company is ISO 9001:2000 certified and is engaged in infrastructure development projects involving construction and maintenance of roads and highwaysconstruction of bridges erection of transmission lines electrification projects as well as commercial andresidential complexes. The key clients of the Company include various Government Undertakings State Public Works Departments as well as State and Central Public Sector UndertakingsThe Company was initially engaged in trading in textiles and in the year 2001decided to venture into the construction business. The company has completed31 projects in the last 6 years and is currently engaged in 16 projects in the Easternpart of the Country. The Company has serviced many reputed clients AMRConstruction Ltd.Punj Lloyd Ltd. Engineering Projects (India) Ltd. Power andEnergy Department Gangtok SikkimTantia Construction Ltd. Balasore Alloys Ltd.Allied Infrastructure and Projects (P) Ltd. District Engineer Purulia Zilla ParishadPurulia PMGSY National Projects Construction Corporation Ltd. (Top 5customers of the Company for the quarter ended 30.06.07 and year ended 31.03.07 respectively).The Company is professionally managed through well qualified and experienced personnel in all the areas including engineering finance administration combined with adequate MIS system.Pre-IPO PlacementsThe Company on 23.10.2007 completed pre IPO private placements of 1000000Equity Shares of Rs.10 each at a premium of Rs.50/- per share directly to SourabhVenture Capital Trust and raised Rs.600 lakhs.Details of the above investments arementioned at page no. 28 of this Red Herring ProspectusIYear Events1992 Incorporated on 4th June as R.M.S Exim Private Limited2001 Entered into the infrastructure sector2001 Obtained first order from Westinghouse Saxby Farmer Ltd.2001 Received the first bridge construction order2001 Name Changed to Kaushalya Infrastructure Development Corporation Private Limited on 5th November2002 Converted to a Public Limited Company on 7th February2003 Entered into housing projects business2003 Started the hotel business at Jhargram West Bengal2004 Executed Electrical project at Farakka2004 NPCC Project works2006 Re-organized into business groups of Nirman Gram and Parivar2006 Obtained ISO 9001:2000 Certification2006 Shifted the registered office to HB 170 Sector III Salt lake Kolkata 700 1062006 Entered into a Joint venture with West Bengal Housing Board2006 Incorporated 4 subsidiary companies - Bengal KDC Housing Development Limited Kaushalya Township Private Limited Orion Abasaan Private Limited and Kaushalya Nirman Private Limited2006 Entered into a joint venture with West Bengal Small Industries Development Corporation Limited2006 Entered into a joint venture with Rose Land Pvt. Ltd. SANTECH Communication Pvt. Ltd. and SSNNLL Corporation.