Vishnu Prakash R. Punglia Ltd.
Categories
$247.47M
Marketcap
India
Country
Vishnu Prakash Punglia (Chairman)
Manohar Lal Punglia (Managing Director)
Kamal Kishor Pungalia (Director)
Sanjay Kumar Punglia (Director and CEO)
Ajay Pungalia (Director)
Sripal Bhansali (Independent Director)
Nilima Bhansali (Independent Director)
Krishna Murari Lal Mathur (Independent Director)
Uttam Chand Singhvi (Independent Director)
Ratan Lahoti (Independent Director)
Surendra Sharma (Independent Director)
Industrial Manufacturing
Summary
Vishnu Prakash R Punglia Limited (VPRPL) is one of India's rapidly expanding infrastructure development companies. The company was established in 1986 as a partnership firm under Chapter IX of the Companies Act 1956, registered with the Registrar of Companies in Mumbai, Maharashtra, India. In April 2013, VPRPL transitioned to become a joint-stock company.
With extensive experience in the infrastructure development industry, VPRPL has successfully completed over 75 infrastructure projects to the satisfaction of its clients, including those undertaken before its conversion to a company. As of 31 December 2022, VPRPL has 51 ongoing projects with a total awarded value of approximately USD 753 million. Out of this, work worth around USD 290 million has been completed, leaving a remaining order book value of approximately USD 463 million.
Upholding a tradition of innovation in engineering designs and construction, VPRPL consistently achieves new milestones each year, constructing world-class infrastructures and offering comprehensive solutions in the infrastructure domain.
VPRPL's technical expertise and execution capabilities in the infrastructure development sector have earned recognition from various state governments, the central government, and public sector companies in India. The company's operations are marked by professionalism and adherence to the highest standards of corporate governance.
History
Vishnu Prakash R Punglia Limited (VPRPL) began as a partnership firm under the Partnership Act, 1932, initially named M/s Vishnu Prakash Pungalia, according to a partnership deed dated 14 August 1986. On 2 April 1999, the partnership firm was renamed M/s Vishnu Prakash R. Pungalia, introducing new partners. Subsequently, on 1 June 2001, the firm's name was changed to M/s Shree Ji Construction Co., based at 22, Subhas Colony, Bhagat ki Kothi, Jodhpur. A further name change occurred on 1 March 2002, reverting to M/s Vishnu Prakash R Pungalia. The partnership was ultimately converted into a public limited company under a deed for a joint-stock company dated 1 April 2013, following the procedure specified under Part IX of the Companies Act, 1956. The company was officially renamed Vishnu Prakash R Punglia Limited, receiving a certificate of incorporation from the Registrar of Companies, Maharashtra, Mumbai, on 13 May 2013.
In 2013, the company transitioned from a partnership firm to a public limited company under Part IX of the Companies Act, 1956, and received a certificate of incorporation as a joint-stock company. VPRPL received a work order worth USD 2.3 million in 2014 from the Office of the Chief Engineer (Construction), Northwestern Railway, Jaipur, to execute its first railway project at Nawa City station.
In 2015, the company established its first Ready Mix Concrete Plant at Nawa City, District Nagaur, Rajasthan. VPRPL secured its first major work order worth USD 73 million in 2016 under the joint venture M/s VPRPL-WABAG JV from the Office of the Chief Engineer Project, Public Health Engineering Department, Jodhpur, for a water supply project in Barmer, Rajasthan.
2017, the company received its then-highest-value water supply project worth USD 39.6 million from the Office of the Commissioner, Municipal Corporation of Gwalior in Madhya Pradesh as part of the AMRUT Programme. VPRPL expanded its geographic reach to the North-Eastern state of Assam in 2018 by entering into a water supply project with Assam Petro-Chemicals Limited, in addition to its presence in Rajasthan, Maharashtra, Gujarat, Daman, Karnataka, Chhattisgarh, and Madhya Pradesh.
The company received a significant work order from the Government of Uttar Pradesh in 2020 worth USD 28.9 million in the joint venture M/s VPRPL KCLPL HARRA JV under the 'State Water & Sanitation Mission, Namami Gange & Rural Water Department' programme. VPRPL achieved revenue from operations of USD 54.5 million.
In 2021, VPRPL received its largest work order to date worth USD 52.4 million from the Public Health Engineering Department, Government of Manipur, for a water supply project in rural areas of Manipur. The company also entered the road construction segment, securing orders worth USD 6.7 million and USD 4.8 million from the Office of the Chief Engineer (NH & PPP) PWD, Rajasthan, Jaipur, and a USD 33.6 million order from MoRTH, GoI, for a project in Rajasthan. VPRPL achieved a milestone of USD 91 million in revenue from operations.
In 2022, the company received its highest-value railway project worth USD 36.6 million from North Western Railway for the major upgradation of Udaipur City Railway Station. VPRPL achieved a milestone of USD 132.5 million in revenue from operations.
Mission
Vishnu Prakash R Punglia Limited aims to set new benchmarks in excellence, quality, cost efficiency, and time management in the construction industry. The company is dedicated to being mindful of environmental aspects during project execution, striving to preserve the earth and enrich millions of lives. By maximising resource utilisation with standardised efficiency, VPRPL ensures optimal performance and sustainability in its operations.
Additionally, VPRPL seeks to expand its activities by leveraging its strengths and exploring new sectors without geographical restrictions. The company is committed to fulfilling its social responsibilities, contributing positively to the communities it serves, and upholding the highest standards of corporate citizenship.
Vision
Vishnu Prakash R Punglia Limited envisions becoming a leading construction company by consistently delivering projects that exceed global standards and ensure customer satisfaction. The company aims to excel in execution and installation by leveraging state-of-the-art technology, discipline, and dedication, supported by a team of qualified professionals. By embracing the latest innovations, digital workflows, and skill development, VPRPL seeks to expand its capabilities and enhance its service offerings.
The company is committed to building long-term relationships with its clients by anticipating their needs and prioritising safety, quality, and service. Through the integration of modern principles and advanced technologies, VPRPL aspires to be the premier choice both nationally and internationally, recognised for its excellence, quality, performance, and reliability in the construction industry.
Key Team
Vishnu Prakash Punglia (Chairman)
Manohar Lal Punglia (Managing Director)
Kamal Kishor Pungalia (Director)
Sanjay Kumar Punglia (Director and CEO)
Ajay Pungalia (Director)
Sripal Bhansali (Independent Director)
Nilima Bhansali (Independent Director)
Krishna Murari Lal Mathur (Independent Director)
Uttam Chand Singhvi (Independent Director)
Ratan Lahoti (Independent Director)
Surendra Sharma (Independent Director)
Neha Matnani (Compliance Officer)
Sarfaraz Ahmed (Chief Financial Officer)
Vijay Punglia (Senior Management Personnel)
Anil Punglia (Senior Management Personnel)
Vikas Birla (Senior Management Personnel)
Ram Kishan Bhartiya (Senior Management Personnel)
Krishna Chandra Chandak (Senior Management Personnel)
Rajendra Mehta (Senior Management Personnel)
Products and Services
Vishnu Prakash R Punglia Limited (VPRPL) is an integrated infrastructure development company with extensive experience in executing major projects for Central and State Governments, Local Bodies, Public Sector Companies, World Bank Projects, and Private Bodies across more than 12 States and Union Territories in India. VPRPL's principal business operations involve Infrastructure Development Works on an EPC (Engineering, Procurement, and Construction) mode, including their operation and maintenance activities. These operations are broadly categorised into several sectors.
In the Water Sector, VPRPL undertakes projects such as water dams, water tanks, reservoirs, water treatment plants, water supply schemes, overhead tanks, pipelines, and irrigation channels. The company has executed numerous water supply projects, addressing the challenges of efficiency, safety, timely delivery, and management due to increasing demand.
The Sewerage Sector includes the construction of sewerage treatment plants and sewer tank drains. Sustainable sewerage infrastructure is essential for development, and VPRPL's projects contribute to overcoming the various challenges faced in this domain.
In the Railway Sector, VPRPL excels in constructing railway tracks, railway stations and allied buildings, platforms, and bridges. With decades of strong project execution experience, the company is a recognised player in this sector.
The Road Sector involves the development of roads and highways, bridges, and flyovers. VPRPL plays a significant role in this sector, contributing to the country's infrastructure growth through its extensive experience in constructing and maintaining highways and bridges.
VPRPL also undertakes Tunnelling Works with expertise in constructing tunnels for hydropower, railways, metro rail, roads, and highways, backed by proven project management capabilities.
In the Buildings and Warehouses Sector, VPRPL has extensive experience constructing multistorey buildings and warehouses for the storage of food grains and other materials, having completed numerous projects within the infrastructure domain.
Additionally, VPRPL is involved in Multi-dimensional Smart City Projects and Automation Work involving PLC (Programmable Logic Controller) and SCADA (Supervisory Control and Data Acquisition).
Beyond project development, VPRPL has in-house manufacturing capabilities for Ready-Mix Concrete, stone crushing units for aggregate preparation, and hot mix plants for bitumen processing.
References
- Vishnu Prakash R Punglia Limited IPO (Vishnu Prakash R Punglia IPO) Detail | Chittorgarh
- Vishnu Prakash R Punglia Ltd. | Money Control
- VISHNU PRAKASH R PUNGLIA LIMITED | National Stock Exchange
- Vishnu Prakash R Punglia IPO subscribed 87.82x with aggressive bids from institutional investors | Business Insider India
- Vishnu Prakash R Punglia IPO – how to check allotment, GMP, listing date and more | Business Insider India
- Vishnu Prakash R Punglia stock slips on profit taking after a stellar debut | Business Insider India
- IPO gold rush: All but 4 IPOs in FY24 gave positive returns on listing | Business Insider India
- Vishnu Prakash R Punglia Ltd. Company History and Annual Growth Details | Good Returns
- Vishnu Prakash R Punglia Limited - Prospectus | Securities and Exchange Board of India
- Jodhpur-based Vishnu Prakash R. Punglia Ltd files IPO papers with Sebi | Economic Times
- Vishnu Prakash IPO opens tomorrow: GMP, price, issue details, other key things to know | Mint
- Vishnu Prakash R Punglia Limited | HDFCSec
- Vishnu Prakash R Punglia IPO: Issue to open on August 24; price band fixed at ?94-99 per share | Mint
Vishnu Prakash Punglia (Chairman)
Manohar Lal Punglia (Managing Director)
Kamal Kishor Pungalia (Director)
Sanjay Kumar Punglia (Director and CEO)
Ajay Pungalia (Director)
Sripal Bhansali (Independent Director)
Nilima Bhansali (Independent Director)
Krishna Murari Lal Mathur (Independent Director)
Uttam Chand Singhvi (Independent Director)
Ratan Lahoti (Independent Director)
Surendra Sharma (Independent Director)
Industrial Manufacturing