Imagine this: a brand-new company, just two months old, with only ₹10 lakh in authorized capital and ₹9.1 lakh in paid-up capital, suddenly lands projects worth over ₹10,000 crore across two states. Sounds unbelievable, right? But that’s exactly what’s happened with Ursa Clusters Private Limited — and it’s raising a lot of eyebrows.
A Mysterious Rise to Fame
The coalition government, which miserably failed to attract investments for the state during the Davos visit, is eagerly trying to hand over land worth thousands of crores to its favored companies. Notably, even Ursa Clusters Limited, a liability company, was registered in Andhra Pradesh on September 27, 2024 — just a few months after the coalition came to power and coming to Telangana it was registered in Hyderabad on February 12, 2025. On paper, it looks like a modest startup — no website, no contact number, no known track record. Yet somehow, this barely-out-of-the-cradle company managed to ink massive deals: a ₹5,728 crore project with the Andhra Pradesh government and another ₹5,000 crore contract in Telangana.
Even more puzzling, the Andhra Pradesh government allocated a total of 59 acres of valuable land to Ursa — 3.6 acres in the heart of Visakhapatnam’s IT hub, right next to TCS, and another 56 acres in Kapuluppada. Why would a company this new, and frankly this unknown, be granted such prime real estate?
Who’s Behind Ursa?
The company was founded by two individuals: Kaushik Pendurthi and Satish Abburi. Kaushik is currently working in the U.S. as a CTO at Talos Pay, while Satish is the founder and CTO of Elysium Analytics, also based in the U.S. These are clearly tech professionals — but there’s no record of them managing industrial projects anywhere near this scale.
Head Office? Just a Regular Apartment
Adding to the oddity, the official Indian address of Ursa Clusters is a flat in a residential apartment complex in Kothaguda, Hyderabad. It’s a regular three-bedroom home — where, by all accounts, an actual family lives. No signage, no staff, no office setup. Just a flat in a building with 28 similar apartments.
If this is the HQ of a company that’s supposedly investing thousands of crores, something doesn’t add up.
No Experience, No Problem?
Here’s the big question everyone’s asking: how did a company with no clear background in large-scale investments, no visible operations, and no experienced management in India manage to win government trust so quickly?
To make matters murkier, neither Ursa Clusters Private Limited nor Ursa Clusters LLC has any public-facing operations, past projects, or even basic infrastructure like an office phone or official email. No staff. No website. No activity. Just big promises — and even bigger rewards.
Why Did the Government Say Yes?
It’s this trust — seemingly unearned — that has people wondering what’s really going on. Why did the Andhra Pradesh and Telangana governments move so quickly to give massive land parcels and project approvals to a virtually unknown companythat has an authorized share capital of Rs.10 lakh and a paid-up capital of Rs. 9.10 lakh significantly much lower than the Rs. 5,728 crore investment it claims to undertake.
And it’s not like these states don’t know what established companies look like. For example, Tata Consultancy Services (TCS) which has decades of experience, a global footprint, and proven credentials but Ursa? How could the government treat them equally with TCS.
What’s the Real Story?
There are far more questions than answers right now. Is Ursa Clusters just a front for someone else? Are there influential people backing this company from behind the scenes? Why the rush to hand over land and approve massive investments to an unproven entity?
It’s not just about one company. It’s about transparency, accountability, and how public resources — like prime government land — are being distributed. The public deserves to know who’s getting what, and why.
For now, Ursa Clusters remains an enigma — a company with no visible roots but astonishing wings. Whether it soars or crashes, only time will tell. But one thing’s for sure: this is a story we should all be watching closely.
