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The company is one of India's fastest-growing Infrastructure Development Companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.
VPRPL's board meeting greenlit fundraising of up to ₹100 crore via warrants for working capital and growth. They also approved converting unsecured promoter loans, up to ₹200 crore, into equity shares. The company plans to hold its 13th AGM on September 30, 2026.
Infomerics has assigned Vishnu Prakash R Punglia new ratings for Rs. 960 Cr bank facilities. Long-term facilities received 'IVR BB+/Stable' and short-term facilities 'IVR A4+'. The ratings reflect a healthy order pipeline but are constrained by a moderate financial risk profile and stretched working capital cycle.