Vikran Engineering Ltd Company Summary

Vikran Engineering Ltd Summary

Vikran Engineering Limited was originally incorporated as Ratangiri Financial Advisory Private Limited, as a Private Limited Company, pursuant to a Certificate of Incorporation dated June 04, 2008 issued by the Deputy Registrar of Companies, at Kolkata. The Company name was changed to Vikran Engineering & Exim Private Limited due to change in the nature of business dated August 07, 2015 by the Registrar of Companies, Kolkata and got further changed to Vikran Engineering Private Limited dated July 30, 2024. Thereafter, the status was converted to a Public Company, the name of the Company changed to Vikran Engineering Limited and a fresh Certificate upon the conversion dated September 20, 2024, was issued by the RoC.Vikran Engineering Ltd is one of the fast-growing Indian Engineering, Procurement and Construction (EPC) company. The key competencies comprise of design and engineering and timely project execution. It has executed projects for government entities, public sector undertakings and private companies and provide end-to-end services from conceptualisation, design, supply, installation, testing and commissioning on a turnkey basis and has presence across multiple sectors including power, water, and railway infrastructure.Within the power sector, the Company has presence in both- power transmission and power distribution and has completed projects in India including (i) 765 kV AIS bays / 400 kV bays in Raipur substation (ii) 400 kV Bina substation with 80 MVA Reactor for Madhya Pradesh Power Transmission Company Limited and (iii) 400 kV substation with 500 MVA power transformer at Muzaffarpur in Bihar. It executed30,000 smart metering connections under this vertical. In water sector, projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks. The Company also has experience in Solar EPC of ground mounted solar projects and smart metering. Also, in railways , it completed projects involving overhead electrification and signalling systems. Also, as a part of railway electrification projects OHE 25kV, 50 Hz AC railway electrification project, 220 kV underground EHV cable work and construction of 132 kV transmission line and 132 kV railway traction substations projects. The Company took over the control by acquiring the Equity Shares of the Markhedkar family from the erstwhile Promoters of the Company in year 2014. The Company completed electrification project in Bhagalpur - 3,000 tollas, 3,50,000 Energy Meters, 8,170 kms HT lines in 2019. In 2024, through the Scheme of Amalgamation between Deb Suppliers and Traders Private Limited, Farista Financial Consultants Private Limited and their respective shareholders with the Company, the entire business undertakings of Deb Suppliers and Traders Private Limited and Farista Financial Consultants Private Limited got demerged into the Company as a going concern on April 1, 2023 and the said Scheme became effective with the RoC on August 23, 2024. In terms of consideration, the Company issued 145,084 Equity Shares of face value of Rs 10 each to the shareholders of Deb Suppliers and Traders Private Limited and 144,594 Equity Shares of face value of Rs 10 each to the shareholders of arista Financial Consultants Private Limited. The Company is planning an Initial Issue by raising funds aggregating upto Rs 1000 Crore, comprising Rs 900 Crore Fresh Issue Equity Shares and Rs 100 Crore Equity Shares Offer for Sale.