We Internet Ltd - Stock Valuation and Financial Performance

Ford Infra-Real Limited, earlier named as SV Electricals, was originally incorporated as a private limited company on August 5, 1980 with the Registrar of Companies, Madhya Pradesh at Gwalior. The company was converted into a public limited company by a resolution passed by the members of the Company at the Extra Ordinary General Meeting held on September 9, 1993. SV Electricals changed its name to Ford Infra-Real Limited in October 2009. The company was promoted by M. Sundareswaran and Girish Nair. The registered office of the company has changed from Madhya Pradesh to the state of Maharashtra.

Ford Infra-Real Limited focuses on operating in the real estate and infrastructure sectors in India. The company intends to undertake various construction activities such as infrastructure development and other construction projects. It also focuses on the commodity trading activities.

The company was earlier engaged in the manufacturing of aluminum lamp caps and tungsten filaments used in general lighting service (GLS) lamps. The excellent quality of its products had kept it at the top of the list of suppliers of its customers. The company used to manufacture electric lamps, bulbs lamp components, wire appliances and other articles and things which consume, generate, distribute or supply electric energy, to manufacture and deal in all kinds of apparatus or articles which were required capable of being used in connection with the generation, accumulation, distribution, consumption, employment, display and supply of electric energy.

The object clause of the company had now changed to carry on the business of infrastructure development, roads, townships, town, rural development, bridges, airport, port development of all types and descriptions, Highway, Seaways developments, act as properties developers, Infrastructure activity, like road, to acquire land, plots for colonization, or otherwise, sell plots, construct buildings for sale and rent or both, on instalment or house, develop SRA projects, slum redevelopments, redevelopment of any colony, deal with SRA and related projects land and estate agents.

The company also arranges or undertakes the sale, purchase or advertise for sale, purchase, assist in selling or purchasing and find or introduce purchaser or vendor of and to manage land, building and property whether belonging to the company or not and to let portion on premises for residential, trade or business purchase, or private or public purposes, and to collect rents and income and to carry on the business in India and abroad relating to set up of business malls, multiplex, exhibition ground, exhibition halls, community halls, residential houses, boat houses, club, holiday resorts, old peoples homes, shopping complex and to carry on the activities of maintenance and acting as care takers of the properties ,act as service provider of the properties and utilities mentioned above and to act as consultants, advisors, agents, traders relating to the properties mentioned above.