The company was founded by Bikramjit Ahluwalia and incorporated on June 2, 1979 under the Companies Act as a private company by the name of ‘Ahluwalia Contracts (India) Private Limited’ with the ROC. In July 1979, the company acquired the business of four partnership firms engaged in construction of which its Chairman and Managing Director, Bikramjit Ahluwalia, was a member.
In the year 1989, by virtue of its high turnover, the company became a deemed public limited company under section 43-A(IA) of the Companies Act and subsequently converted itself into a public limited company on September 6, 1990 and changed its name to ‘Ahluwalia Contracts (India) Limited’.
In 1996, it offered 800,000 equity shares of Rs 10 each for cash at a price of Rs 40 per share aggregating Rs 32 million, and the shares were listed on Delhi Stock Exchange, CSE and the JSE.
With specialized experience in the construction industry for more than 40 years, Ahluwalia Contracts an ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999 Company have carved a niche for itself in the industry as one of the leading Civil Contractors of the country.
The total group operations is over Rs 1000 crore and works in hand worth Rs 3000 crore is indicative of its high ranking in the industry. The company’s ideological foundations in respect of commitment to time bound completion of projects and high quality construction have been the corner stones to its rapid growth over the years. Its consistent pursuit of customer satisfaction has won it several prestigious awards and all-round acclaim in the past.
The construction services provided by the company consist of the erection of structures and allied services which include planning and scheduling manpower, equipment, materials and the appointment of sub-contractors required for the timely completion of a project in accordance with the terms, plans and specifications contained in the construction contracts and allied documentation. It provide these services by using fixed price and cost plus fee contracts and, to a lesser extent, construction management or design-build contracting arrangements.It is associated with most of the leading architects and consultants of the country such as Mahendra Raj, Rajinder Kumar, C.P.Kukreja, Raja Aederi, Stein Doshi Bhalla, Jasbir Sawhney, Charles Corrhea, Hafiz Contractor, Raj Rewal, Kanvinde Rai Chaudhary, Jacobs H&G, Tata Projects, Tata Consulting Engineers and others for building large institutional buildings and corporate office complexes, industrial complex buildings, multi-storied housing complexes and township development projects, hospitals, medical colleges and laboratory buildings, 5-star hotels, educational and technical institutes, schools and auditoriums, gymnasiums and sport complexes etc.
It is among a selected group of 3-4 contractors who are pre-qualified to bid for most of the mega building projects in India. At present, the company has around 70 projects under execution with a strong net order book of around Rs 2,309 crore (as on Mar 31, 2008).
The company has developed various divisions to achieve specialization. These are:
Some of the prestigious projects executed by the company are:-
In July 2008, ACIL acquired 100% equity stake of Ahlcon Ready Mix Concrete and made it a wholly owned subsidiary of the company. The company is currently in the process of transferring its RMC division to the new company.
On August 1, 2008, Ahluwalia acquired 50,000 equity shares of five companies in Kolkata -- Premsagar Merchants, Splendor Distributors, Paramount Dealcomm, Jiwan Jyoti Traders and Dipesh Mining.
Milestones of the company
In 2008 Ahluwalia Contractors bagged contracts worth Rs.354 crore collectively from