KTR Flags Tesseract Land Deal, Questions Alleged Link To Telangana CM Revanth Reddy’s Brother
News india KTR Flags Tesseract Land Deal, Questions Alleged Link To Telangana CM Revanth Reddy’s Brother KTR Flags Tesseract Land Deal, Questions Alleged Link To
News india KTR Flags Tesseract Land Deal, Questions Alleged Link To Telangana CM Revanth Reddy’s Brother KTR Flags Tesseract Land Deal, Questions Alleged Link To Telangana CM Revanth Reddy’s Brother Reported By:,, Edited By Last Updated: August 12, 2026, 10:07 IST KTR questioned how a company with a paid-up capital of just Rs 1 lakh and no employees could qualify for such a high-value government land parcel. Rapid Read KTR called for a comprehensive examination of such transactions and questioned whether there had been any preferential treatment in the award of government contracts or other benefits. File image/ANI Bharat Rashtra Samiti (BRS) working president KT Rama Rao has demanded a comprehensive inquiry into the allotment of nearly five acres of government land, which he claimed is worth around Rs 200 crore, to Tesseract Advanced Systems. Rao alleged that the company was linked to Telangana Chief Minister A Revanth Reddy’s brother, Anumula Kondal Reddy. Addressing a press conference at Telangana Bhavan, KTR questioned how a company with a paid-up capital of just Rs 1 lakh and no employees could qualify for such a high-value government land parcel. According to KTR, Tesseract Advanced Systems had zero employees as of March 31, 2025, while its paid-up capital stood at Rs 1 lakh. He claimed that nearly five acres of government land had been allotted to the company for around Rs 7 crore, at a rate of approximately 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? Is this not a scam?" KTR asked. The BRS leader demanded that the Telangana government make public all records and documents relating to the allotment. These, he said, should include the relevant Government Order, the valuation of the land, eligibility criteria for the allotment, the company’s investment proposal, employment commitments and details of officials involved in the decision-making process. KTR Questions Alleged Link To CM’s Brother KTR also questioned Industries and IT Minister Duddilla Sridhar Babu’s reported claim that Kondal Reddy had no connection with Tesseract Advanced Systems. Referring to Kondal Reddy’s LinkedIn profile and information attributed to the US-India Strategic Partnership Forum, KTR claimed that Kondal Reddy had been identified as the chairman of Tesseract Advanced Systems. He sought clarity from the government on whether Kondal Reddy had any association with the company and, if so, whether that relationship had any bearing on the allotment of the government land. The BRS leader said his party would approach Telangana Governor with a formal complaint and, if required, move the Lokayukta and the courts. He said the party would continue pursuing the matter until the facts were established and accountability fixed. Allegations Involving Other Members Of CM’s Family KTR also widened his attack, alleging that other members of the chief minister’s family had been involved in business, land or government contract-related dealings.
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