Tesseract had zero employees as of March 31, 2025, while its paid-up capital stood at just ₹1 lakh. The nearly five-acre parcel, valued at around ₹200 crore, was allotted for approximately ₹7 crore, at a rate of about ₹3,700 per square yard. “How can a company with zero employees and ₹1 lakh paid-up capital get five acres of government land worth ₹200 crore? KTR also questioned Minister D. Sridhar Babu’s claim that Kondal Reddy had no connection with Tesseract. He said the party would continue pursuing the matter until all facts were established and those responsible were held accountable.