Home » Reconciliation of Share Capital Audit Report for quarter ending September 30, 2026
Mr. Sanjay Kumar Sarraf
Managing Director
E-mail ID: aicipl@gmail.com
Plot No.11, 1st Floor, LSC,
Sector-B-1, Vasant Kunj,
New Delhi-110070
Tel No: +91 – 011 – 40114238/37
Ms. Charumita Bhutani
Company Secretary & Compliance Officer
E-mail ID: cs@annuprojects.com
Plot No.11, 1st Floor, LSC,
Sector-B-1, Vasant Kunj,
New Delhi-110070
Tel No: +91 – 011 – 40114238/37
Mr. Mayank Agarwal
Chief Financial Officer
E-mail ID: cfo@annuprojects.com
Plot No.11, 1st Floor, LSC,
Sector-B-1, Vasant Kunj,
New Delhi-110070
Tel No: +91 – 011 – 40114238/37
| S. No. | Name of Committee Members | Designation | Nature of Directorship |
|---|---|---|---|
| 1. | Radhakrishnan Nagarajan | Chairperson | Independent Director |
| 2. | Fareed Ahmed | Member | Independent Director |
| 3. | Nalini Shastri Vanjani | Member | Independent Director |
| 4. | Sanjay Kumar Sarraf | Member | Chairman & Managing Director |
| S. No. | Name of Committee Members | Designation | Nature of Directorship |
|---|---|---|---|
| 1. | Nalini Shastri Vanjani | Chairperson | Independent Director |
| 2. | Fareed Ahmed | Member | Independent Director |
| 3. | Sanjay Kumar Sarraf | Member | Chairman & Managing Director |
| S. No. | Name of Committee Members | Designation | Nature of Directorship |
|---|---|---|---|
| 1. | Fareed Ahmed | Chairperson | Independent Director |
| 2. | Sanjay Kumar Sarraf | Member | Chairman & Managing Director |
| 3. | Krishna Ranjan | Member | Whole time Director |
| S. No. | Name of Committee Members | Designation | Nature of Directorship |
|---|---|---|---|
| 1. | Sanjay Kumar Sarraf | Chairperson | Chairman & Managing Director |
| 2. | Radhakrishnan Nagarajan | Member | Independent Director |
| 3. | Krishna Ranjan | Member | Whole time Director |
Sanjay Kumar Sarraf is the Chairman, Promoter, and Managing Director of our Company. He has been a part of our Company since its inception, serving as both a Director and Promoter. He holds a bachelor’s degree in commerce from Magadh University, Bodh-Gaya, India, and a master’s degree in business administration from Lalit Narayan Mishra College of Business Management, Muzaffarpur, India. With consolidated experience of over twenty-two (22) years, he has contributed to the strategic direction and development of the Company.
Krishna Ranjan is Promoter and Whole-time Director of our Company. He holds a bachelor’s degree in engineering from University of Mysore. He has more than twenty (20) years of experience in the telecom industry. He has experience in project management and evaluating the techno-commercial aspects of projects.
Rajan is Whole-time Director of our Company. He holds a Bachelor of Engineering Degree from Mysore University. He has over twenty (20) years of experience in civil construction and fit-out works including construction of bridges flyovers and roads.
Nalini Shastri Vanjani is an Independent Director of our Company. She holds a bachelor’s degree in commerce from Osmania University, Hyderabad, and is a qualified Chartered Accountant, and a member of the Institute of Chartered Accountants of India (ICAI). She has approximately thirty (30) years of experience in the industry, having worked with Power Finance Corporation Limited, where she served as Executive Director. She superannuated from the Power Finance Corporation Limited on September 30, 2018.
Fareed Ahmed is an Independent Director of our Company. He holds a Masters degree in Agricultural Economics from Andhra Pradesh Agricultural University and a Ph.D. in Management. He has over thirty-seven (37) years of experience in the banking sector, working at both operational and administrative levels. Prior to joining our Company, he served in various roles at Corporation Bank, including Agricultural Field Officer, Branch Head, Zonal Head, and General Manager, with a 34-year association. He has also served as an Executive Director at Punjab & Sind Bank.
Radhakrishnan Nagarajan is an Independent Director of our Company. He holds a Bachelor of Commerce degree from the University of Madras and is a fellow member of the Institute of Chartered Accountants of India (ICAI) bearing membership number: 021645, an associate member of the Institute of Cost and Works Accountants of India, New Delhi, and an associate member of the Indian Institute of Bankers. With over thirty (30) years of experience in banking and finance, he was previously associated with Andhra Bank as a manager and Power Finance Corporation Limited, where he served as Director in Finance before joining our Company.
Annu Projects Limited, formerly known as Annu Infra Construct (India) Private Limited. Established in 2003,. We are engaged in the design, development, implementation, operations and maintenance of essential overhead and underground utilities infrastructure across telecom infrastructure, sewerage infrastructure vertical and gas pipeline vertical.
Leveraging our expertise of over two decades, we have developed project execution proficiency and have diversified revenue generation capabilities from the telecom infrastructure, sewerage infrastructure and gas pipeline verticals.
Leveraging our expertise of over two decades, we have developed project execution proficiency and have diversified revenue generation capabilities from the telecom infrastructure, sewerage infrastructure and gas pipeline verticals. We have been able to achieve this through our engineering capabilities by leveraging our in-house design and engineering team which comprises of qualified engineers and technicians. As on March 31, 2025, we own a fleet of over 400 machinery and equipment (such as horizontal directional drilling machine, excavators, splicing machine, digitrack machine, OTDR machine, HDPE pipe welding machine etc. This fleet of machinery and equipment enables us to execute projects efficiently while maintaining control over quality. Additionally, our fleet of machinery and equipment, along with our project management and engineering skills and capabilities of our work force, have been instrumental in us bagging various infrastructure projects that involve a varying degree of complexity such as geographical and geopolitical challenges. Since incorporation we have successfully completed projects across 11 states.
Our growth is attributable to our business model of careful selection and execution of our projects. This model has facilitated optimum efficiency and improved profitability over the years. We have implemented project management skills for planning, monitoring, and execution, which enhance resource optimization and cost control. Owning and maintaining a modern equipment fleet and use of technology for our projects ensures better control over execution in terms of cost and quality. Our project execution capabilities are further strengthened by our team of experienced personnel, who bring industry-specific expertise and technical proficiency, enabling us to navigate complex project requirements efficiently. Additionally, we have established relationships with local partners and vendors, which provide us with logistical advantages, better access to resources, and deeper market insights. Strong order book We are one of the leading EPC service provider company in the eastern part of India in terms of revenue from operations in the telecom infrastructure vertical engaged in laying of optical fibre cable(s) (“OFC(s)”) network for telecom service providers (Source: CARE Report). Our Company has worked for major telecom operators in India with expertise in OFC laying and tower erection and equipment installation and commissioning. We have also been engaged in providing operations and maintenance services to the OFC network and telecom equipment. In addition to our expertise in the telecom infrastructure vertical, we have also built significant experience in executing projects in the sewerage vertical and gas pipeline vertical. In the sewerage infrastructure vertical, we are involved in activities such as pipe laying, manhole construction, and setting up sewage treatment plants. In the gas pipeline vertical, our work includes laying pipelines and constructing supporting infrastructure. Our growing expertise across these infrastructure vertical, supported by a strong order book, strengthens our ability to deliver complex projects efficiently and meet the evolving requirements of our customers.
Since Fiscal 2022, we have consistent record track of profitability. Our revenue from operations has grown at a CAGR of 17.48% from ₹1,115.62 million in Fiscal 2022 to ₹1,539.82 million in Fiscal 2024, demonstrating growth in our financial performance in recent years, and positioning us for future growth and further diversification of our customer base and offerings.
Our management team is well qualified and experienced in execution of EPC contracts. We are led by qualified and experienced Promoters, who bring in significant business and management expertise. Our Promoters, Sanjay Kumar Sarraf and Krishna Ranjan, each having more than two decades of experience in the civil sector. Our Promoter and key managerial personnel have been instrumental in the growth of our business and actively advise us on corporate strategy and planning. We have a strong management team with significant industry experience. We further believe that our market position has been achieved by adherence to the vision of our Promoters and senior management team and their experience of over a decade in the industry in which our Company operates.
Since Fiscal 2022, we have consistent record track of profitability. Our revenue from operations has grown at a CAGR of 17.48% from ₹1,115.62 million in Fiscal 2022 to ₹1,539.82 million in Fiscal 2024, demonstrating growth in our financial performance in recent years, and positioning us for future growth and further diversification of our customer base and offerings. Experienced leadership and strong management teamOur management team is well qualified and experienced in execution of EPC contracts. We are led by qualified and experienced Promoters, who bring in significant business and management expertise. Our Promoters, Sanjay Kumar Sarraf and Krishna Ranjan, each having more than two decades of experience in the civil sector. Our Promoter and key managerial personnel have been instrumental in the growth of our business and actively advise us on corporate strategy and planning. We have a strong management team with significant industry experience. We further believe that our market position has been achieved by adherence to the vision of our Promoters and senior management team and their experience of over a decade in the industry in which our Company operates.
Sanjay Kumar Sarraf is the Chairman, Promoter, and Managing Director of our Company. He has been a part of our Company since its inception, serving as both a Director and Promoter. He holds a bachelor’s degree in commerce from Magadh University, Bodh-Gaya, India, and a master’s degree in business administration from Lalit Narayan Mishra College of Business Management, Muzaffarpur, India. With consolidated experience of over twenty-two (22) years, he has contributed to the strategic direction and development of the Company.
Krishna Ranjan is Promoter and Whole-time Director of our Company. He holds a bachelor’s degree in engineering from University of Mysore. He has more than twenty (20) years of experience in the telecom industry. He has experience in project management and evaluating the techno-commercial aspects of projects.
Rajan is Whole-time Director of our Company. He holds a Bachelor of Engineering Degree from Mysore University. He has over twenty (20) years of experience in civil construction and fit-out works including construction of bridges flyovers and roads.
Nalini Shastri Vanjani is an Independent Director of our Company. She holds a bachelor’s degree in commerce from Osmania University, Hyderabad, and is a qualified Chartered Accountant, and a member of the Institute of Chartered Accountants of India (ICAI). She has approximately thirty (30) years of experience in the industry, having worked with Power Finance Corporation Limited, where she served as Executive Director. She superannuated from the Power Finance Corporation Limited on September 30, 2018.
Fareed Ahmed is an Independent Director of our Company. He holds a Masters degree in Agricultural Economics from Andhra Pradesh Agricultural University and a Ph.D. in Management. He has over thirty-seven (37) years of experience in the banking sector, working at both operational and administrative levels. Prior to joining our Company, he served in various roles at Corporation Bank, including Agricultural Field Officer, Branch Head, Zonal Head, and General Manager, with a 34-year association. He has also served as an Executive Director at Punjab & Sind Bank.
Radhakrishnan Nagarajan is an Independent Director of our Company. He holds a Bachelor of Commerce degree from the University of Madras and is a fellow member of the Institute of Chartered Accountants of India (ICAI) bearing membership number: 021645, an associate member of the Institute of Cost and Works Accountants of India, New Delhi, and an associate member of the Indian Institute of Bankers. With over thirty (30) years of experience in banking and finance, he was previously associated with Andhra Bank as a manager and Power Finance Corporation Limited, where he served as Director in Finance before joining our Company.
We are actively engaged in laying MDPE ranging from 20 mm to 125 mm in diameter, along with 38,300 GI house connections for domestic and commercial gas supply. We have completed projects for Indraprastha Gas Limited, Gujarat Gas Limited and Gail India Limited. As on March 31, 2025, we are working on 14 projects with Gail India Limited in Bihar, Jharkhand and Uttar Pradesh.
Our core activities in this sector include pipe laying, construction of manholes, construction of sewerage treatment plants, construction of pumping stations, and construction of structural facilities essential for supporting sewerage operations, construction of stormwater drainage systems and screening chambers for combined or sanitary sewers. The sewerage system typically concludes either at the inlet of a sewage treatment facility or at the designated discharge point into the environment. We are one of the key contractors with Sewerage Infrastructure Development Corporation Limited, Madhya Pradesh Urban Development Company Limited, Bihar Urban Infrastructure Development Corporation Limited, and Jharkhand Urban Infrastructure Development Company Limited for their sewerage scheme. The projects under this vertical are funded by World Bank, Asian Development Bank, Central Government, State Government under various scheme of Namami Gange and Swachh Bharat Mission.
In the telecom infrastructure vertical, we are primarily engaged in surveying, designing, and installing cabling and tower infrastructures for communication, automation, and electronic security systems. As part of our offerings, we also undertake the laying of OFC network, both overhead and underground, for telecom operators across India. Majority of our revenue is derived from this vertical. We serve PSUs and private parties by implementing OFC networks for their telecom networks. Bharat Sanchar Nigam Limited, A2Z Infra Engineering Limited, Bharat Broadband Network Limited, GR Infraprojects Limited and others are some of our customers in telecom infrastructure sector.