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India News | Rs 1 Lakh Capital, Zero Employees, Rs 200 Cr Land: KTR Questions Tesseract Deal
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He claimed that Tesseract had zero employees as of March 31, 2025, while its paid-up capital stood at just Rs 1 lakh.
The nearly five-acre parcel, valued at around Rs 200 crore, was allotted for approximately Rs 7 crore, at a rate of about Rs 3,700 per square yard.
"How can a company with zero employees and Rs 1 lakh paid-up capital get five acres of government land worth Rs 200 crore?
KTR said the BRS would approach the Telangana Governor with a formal complaint and, if necessary, move the Lokayukta and the courts.
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