About Ae Tollway Limited
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Ae Tollway Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Irb Infrastructure Developers Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 21 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45209MH2015PLC266741. Its GSTIN is 27AANCA6480A1ZP (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹436.5 Cr and a paid-up capital of ₹436.5 Cr. It was formerly known as Ae Tollway Private Limited. It is led by directors including Omprakash Singh Ashok and Shilpa Chandrashekhar Todankar.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1101 Hiranandani Knowledge Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹139.66 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹353.8 Cr (net margin -253.3%) and EBITDA of ₹77.4 Cr (EBITDA margin 55.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 22% over five years.
The company has about 230 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IRB Infrastructure Developers. As per MCA filings, the company has open charges of ₹676.79 Cr and satisfied charges of ₹1,650 Cr on record. Court records list 11 cases involving the company, including 7 filed by the company and 4 filed against it; 5 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2016. Its 8 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 4 larger and 4 smaller; the largest is NKC KK Expressway Private Limited with revenue of ₹142.66 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website irb.co.in.
Company details
CIN history
Ae Tollway has one previous CIN (Corporate Identification Number): U45209MH2015PTC266741. The current CIN is U45209MH2015PLC266741, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45209MH2015PLC266741 | Current |
| U45209MH2015PTC266741 | Previous |
Contact details
Ae Tollway Limited's registered office is in Mumbai, Maharashtra. Its website is irb.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Hill Side Avenue Powa, I, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Ae Tollway Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ae Tollway operates one associated brand: IRB Infrastructure Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure development services | irb.co.in |
Business activity
The main business activity of Ae Tollway is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Ae Tollway Limited, buy the company report.
Financials of Ae Tollway Limited
FY 2025 filings availableAe Tollway Limited reported revenue of ₹139.66 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 9% growth in the latest year. EBITDA rose 25% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹77.4 Cr | ||||
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| Net Profit (PAT) | -₹353.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.4% | ||||
| Net Profit Margin | -253.3% | ||||
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To see the full financial statements and ratios of Ae Tollway Limited, buy the company report.
Board of directors of Ae Tollway Limited
Ae Tollway has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omprakash Singh Ashok Also directs: Irb Talegaon Amravati Tollway Limited, Udaipur Tollway Limited, M.V.R. Infrastructure and Tollways Limited and 4 more | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Shilpa Chandrashekhar Todankar Also directs: CG Tollway Limited, Udaipur Tollway Limited, Yedeshi Aurangabad Tollway Limited and 5 more | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Abhay Prabhakar Phatak Also directs: CG Tollway Limited, Udaipur Tollway Limited, Yedeshi Aurangabad Tollway Limited and 5 more | Director | 09 Mar 2022 | 4 Years 7 Months | Current |
| Chandrashekhar Shankarrao Kaptan Also directs: CG Tollway Limited, Irb Surat Dahisar Tollway Limited, Irb Talegaon Amravati Tollway Limited and 4 more | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Ae Tollway Limited is compared with the 8 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NKC KK Expressway Private Limited | ₹142.66 Cr (FY 2025) | -30.0% | Dwarka, Delhi, India | |||
| GR Amritsar Bathinda Highway Private Limited | ₹141.45 Cr (FY 2025) | -30.0% | Udaipur, Rajasthan, India | |||
| Meil Vijayawada Bypass Roadways Private Limited | ₹141.36 Cr (FY 2025) | -22.0% | Hyderabad, Telangana, India | |||
| Irb Westcoast Tollway Limited | ₹140.89 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Ae Tollway Limitedthis company | ₹139.66 Cr (FY 2025) | -₹353.8 Cr | -253.3% | 9.0% | 230 | Mumbai, Maharashtra, India |
| Ashoka Banwara Bettadahalli Road Private Limited | ₹138.89 Cr (FY 2025) | -30.0% | New Delhi, Delhi, India | |||
| Vadodara Kim Expressway Private Limited | ₹138.87 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India | |||
| Alok Buildtech Private Limited | ₹138.76 Cr (FY 2022) | 8.0% | Durg, Chhattisgarh, India | |||
| M.V.R. Infrastructure and Tollways Limited | ₹138.66 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ae Tollway Limited, buy the company report.
Auditor
Ae Tollway Limited is audited by MKPS & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & Associates | FY 2023 | 302014E |
Shareholding
The shareholding of Ae Tollway Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ae Tollway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2023 | 100815667 | Others | ₹676.79 Cr | Open | |
| 21 Jun 2016 | 100033989 | Idbi Trusteeship Services Limited | ₹1,650 Cr | Satisfied |
To see the full charge records of Ae Tollway Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ae Tollway Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: IRB Infrastructure Developers Limited & Naresh Kumar Taneja Seller: IRB Infrastructure Developers Limited & Vinod Kumar Menon |
| Jun 2016 | Rights issue | ₹222.57 Cr | Investors: Irb Infrastructure Developers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ae Tollway Limited has 11 court cases on record: 7 filed by Ae Tollway, 4 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 4 | 2 |
| Supreme Court | 4 | 0 | 3 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Bajaj Allianz General Insurance Company Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Bajaj General Insurance Company Ltd. | Pending |
| High Court of Delhi | Appeal | Filed against the company by National Highway Authority of India | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against National Highways Authority of India Through Its Authorised Representative Registered Office at G-5 and 6, Sector 10, Dwarka ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Union of India Through Its Secretary Ministry of Law and Justice, 4Th Floor, A Wing, Shastri Bhawan ,New Delhi , Delhi and 1 other | Pending |
To see the full case history of Ae Tollway Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ae Tollway Limited was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Ae Tollway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ae Tollway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ae Tollway Limited has a workforce of 230 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Ae Tollway has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCA6480A1ZP | Maharashtra | Active | 01 Jul 2017 |
| 09AANCA6480A1ZN | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ae Tollway Limited, buy the company report.
Recent activity
Ae Tollway Limited has 17 board changes on record since 2017: 4 appointments and 13 cessations. The latest: Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022.
12 earlier events are in the company report.
News
Frequently asked questions
Ae Tollway is an active public limited company based in Mumbai, Maharashtra, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 21 July 2015 (11+ years old) and is registered under CIN U45209MH2015PLC266741.
Ae Tollway has 4 current directors:
- Omprakash Singh Ashok - Director
- Shilpa Chandrashekhar Todankar - Director
- Abhay Prabhakar Phatak - Director
- Chandrashekhar Shankarrao Kaptan - Director
The latest financial statements of Ae Tollway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Ae Tollway is 27AANCA6480A1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AANCA6480A1ZN (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ae Tollway is U45209MH2015PLC266741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ae Tollway has 11 court cases on record: 7 filed by the company and 4 filed against it. 5 are pending. Most are in the high courts.
Ae Tollway was incorporated on 21 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Ae Tollway has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2016.
The peers of Ae Tollway by revenue are NKC KK Expressway Private Limited, GR Amritsar Bathinda Highway Private Limited, Meil Vijayawada Bypass Roadways Private Limited, Irb Westcoast Tollway Limited, Ashoka Banwara Bettadahalli Road Private Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022. Abhay Prabhakar Phatak was appointed as Director on 09 Mar 2022. Chandrashekhar Shankarrao Kaptan ceased to be Additional Director on 11 Sep 2020. Ae Tollway has 17 board changes on record in total.
Ae Tollway can be reached through the website irb.co.in. Its registered office is in Mumbai, Maharashtra, India.