About Agra-Gwalior Pathways Private Limited
Data last updated:
Agra-Gwalior Pathways Private Limited is a private limited company based in Mhow, Madhya Pradesh, India, a subsidiary of Prakash Asphaltings And Toll Highways (I) Ltd.. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 27 May 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45203MP2014PTC032700. Its GSTIN is 23AAMCA6728L1ZC (Madhya Pradesh). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹37 Cr. It is led by directors including Neeti Agrawal (Whole-Time Director) and Nitin Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 76 Mall Road Mhow, Madhya Pradesh, India – 453441.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.45 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net profit of ₹18.34 Cr (net margin 21.2%) and EBITDA of ₹38.78 Cr (EBITDA margin 44.9%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 17% over five years.
The company has about 612 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹267.44 Cr and satisfied charges of ₹592.88 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 14 deals on record (6 funding rounds, 6 secondary share transfers, 2 acquisitions), with disclosed funding of ₹57.57 Cr; the latest was in February 2024. Its 7 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 4 smaller; the largest is DBL Yavatmal Wardha Highways Private Limited with revenue of ₹87.31 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 pathltd.com.
Company details
Contact details
Agra-Gwalior Pathways Private Limited's registered office is in Mhow, Madhya Pradesh. Its website is pathltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address76 Mall Road Mhow, Madhya Pradesh, India – 453441
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Agra-Gwalior Pathways Private 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
Business activity
The main business activity of Agra-Gwalior Pathways 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 Agra-Gwalior Pathways Private Limited, buy the company report.
Financials of Agra-Gwalior Pathways Private Limited
FY 2025 filings availableAgra-Gwalior Pathways Private Limited reported revenue of ₹86.45 Cr (down 82% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 82% fall in the latest year. EBITDA fell 87% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹38.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.34 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.9% | ||||
| Net Profit Margin | 21.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Agra-Gwalior Pathways Private Limited, buy the company report.
Board of directors and KMP of Agra-Gwalior Pathways Private Limited
Agra-Gwalior Pathways Private Limited currently reports 4 directors and 2 key managerial personnel. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Agrawal Also directs: Path Highways Limited Liability Partnership, SPS JV LLP, Phagwara Hoshiarpur Pathways Private Limited and 5 more | Director | 27 May 2014 | 12 Years 4 Months | Current |
| Asheesh Agrawal | Director | 19 Mar 2015 | 11 Years 7 Months | Current |
| Gulab Chandra Patidar | Cfo | 19 Mar 2015 | 11 Years 7 Months | Current |
| Saksham Agrawal | Ceo | 15 Mar 2021 | 5 Years 7 Months | Current |
| Neeti Agrawal | Whole-Time Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Nipun Agrawal | Officer In Default | 30 Aug 2025 | 1 Years 1 Months | Current |
Peer comparison
Agra-Gwalior Pathways Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| DBL Yavatmal Wardha Highways Private Limited | ₹87.31 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India | |||
| RKC Infrastructure Private Limited | ₹86.78 Cr (FY 2025) | 297.0% | Kolkata, West Bengal, India | |||
| Trivenimudrai Project Limited | ₹86.55 Cr (FY 2023) | 284.0% | Mumbai, Maharashtra, India | |||
| Agra-Gwalior Pathways Private Limitedthis company | ₹86.45 Cr (FY 2025) | ₹18.34 Cr | 21.2% | -82.0% | 612 | Mhow, Madhya Pradesh, India |
| Dineshchandra Giriraj Infra Private Limited | ₹86.45 Cr (FY 2025) | -71.0% | Ahmedabad, Gujarat, India | |||
| Nxt-Infra CT Highways Private Limited | ₹86.36 Cr (FY 2025) | -23.0% | New Delhi, Delhi, India | |||
| TN (DK) Expressways Limited | ₹86.31 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Meerut Haridwar Highways Private Limited | ₹85.15 Cr (FY 2025) | -74.0% | Agra, Uttar Pradesh, India |
To see the full peer comparison of Agra-Gwalior Pathways Private Limited, buy the company report.
Auditor
Agra-Gwalior Pathways Private Limited is audited by A.P. Garg & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.P. Garg & Co | FY 2023 | 002143C |
Shareholding
The shareholding of Agra-Gwalior Pathways Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Agra-Gwalior Pathways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2025 | 101106032 | Others | ₹249.97 Cr | Open | |
| 27 Mar 2025 | 101106461 | Others | ₹30 Lakh | Open | |
| 29 Jun 2021 | 100475024 | Canara Bank | ₹17.17 Cr | Open | |
| 23 Jun 2022 | 100592717 | Others | ₹385.81 Cr | Satisfied | |
| 27 Mar 2017 | 100086444 | Others | ₹2.63 Cr | Satisfied |
To see the full charge records of Agra-Gwalior Pathways Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Agra-Gwalior Pathways Private Limited has 14 deals on record (6 funding rounds, 6 secondary share transfers, 2 acquisitions), with disclosed funding of ₹57.57 Cr; the latest was in February 2024.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: Prakash Asphaltings and Toll Highways (India) Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Prakash Asphaltings and Toll Highways (India) Limited Seller: Borkhedi-Wardner Pathways Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Borkhedi-Wardner Pathways Private Limited , Prakash Asphaltings and Toll Highways (India) Limited Seller: Udaipur Pathways Private Limited , Jhansi-Baran Pathways Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Udaipur Pathways Private Limited , Jhansi-Baran Pathways Private Limited Seller: Prakash Asphaltings and Toll Highways (India) Limited |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: Udaipur Pathways Private Limited Seller: Prakash Asphaltings and Toll Highways (India) Limited |
To see the full deal history of Agra-Gwalior Pathways Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Agra-Gwalior Pathways Private Limited has 1 court case on record: 1 filed by Agra-Gwalior Pathways. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against State of Up and 2 Others | Pending |
To see the full case history of Agra-Gwalior Pathways Private 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
Agra-Gwalior Pathways Private Limited was last rated by Indiarating on 07 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 07 May 2021 |
To see the full credit ratings and regulatory alerts of Agra-Gwalior Pathways Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Agra-Gwalior Pathways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Agra-Gwalior Pathways has 6 subsidiary companies and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Navlakha Infrabulls Private Limited | U70109MP2021PTC058809 | |
| Nemawar Road Development Private Limited | U70109MP2022PTC059250 | |
| Navlakha Real Estates Private Limited | U70109MP2022PTC059260 | |
| Asrawad Infrabulls Private Limited | U70109MP2022PTC059267 | |
| Asrawad Development Private Limited | U70200MP2022PTC059245 | |
| Devguradia Infrabulls Private Limited | U70200MP2022PTC059259 |
To see the full group structure of Agra-Gwalior Pathways Private Limited, buy the company report.
Employees & EPFO
Agra-Gwalior Pathways Private Limited has a workforce of 612 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Agra-Gwalior Pathways has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAMCA6728L1ZC | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AAMCA6728L2ZB | Madhya Pradesh | Active | 01 Apr 2025 |
| 08AAMCA6728L1Z4 | Rajasthan | Active | 27 Mar 2024 |
| 09AAMCA6728L1Z2 | Uttar Pradesh | Active | 27 Mar 2024 |
To see the full GST registrations and return filing status of Agra-Gwalior Pathways Private Limited, buy the company report.
Recent activity
Agra-Gwalior Pathways Private Limited has 13 board changes on record since 2014: 6 appointments and 7 cessations. The latest: Nipun Agrawal was appointed as Officer In Default on 30 Aug 2025.
18 earlier events are in the company report.
Frequently asked questions
Agra-Gwalior Pathways is an active private limited company based in Mhow, Madhya Pradesh, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 27 May 2014 (12+ years old) and is registered under CIN U45203MP2014PTC032700.
Agra-Gwalior Pathways has 6 current directors and KMP:
- Neeti Agrawal - Whole-Time Director
- Nitin Agrawal - Director
- Asheesh Agrawal - Director
- Gulab Chandra Patidar - Cfo
- Saksham Agrawal - Ceo
- Nipun Agrawal - Officer In Default
The latest financial statements of Agra-Gwalior Pathways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Agra-Gwalior Pathways is 23AAMCA6728L1ZC, registered in Madhya Pradesh. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 23AAMCA6728L2ZB (Madhya Pradesh), 08AAMCA6728L1Z4 (Rajasthan), 09AAMCA6728L1Z2 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Agra-Gwalior Pathways is U45203MP2014PTC032700. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agra-Gwalior Pathways has 1 court case on record: 1 filed by the company. 1 is pending.
Agra-Gwalior Pathways was incorporated on 27 May 2014, making it 12+ years old. It is registered with the Registrar of Companies, Gwalior.
Agra-Gwalior Pathways has 14 deals on record (6 funding rounds, 6 secondary share transfers, 2 acquisitions), with disclosed funding of ₹57.57 Cr; the latest was in February 2024.
The peers of Agra-Gwalior Pathways by revenue are DBL Yavatmal Wardha Highways Private Limited, RKC Infrastructure Private Limited, Trivenimudrai Project Limited, Dineshchandra Giriraj Infra Private Limited, Nxt-Infra CT Highways Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Nipun Agrawal was appointed as Officer In Default on 30 Aug 2025. Neeti Agrawal was appointed as Whole-Time Director on 01 Apr 2021. Narayan Swaroop Barua ceased to be Ceo(Kmp) on 15 Mar 2021. Agra-Gwalior Pathways has 13 board changes on record in total.
Agra-Gwalior Pathways can be reached through the website pathltd.com. Its registered office is in Mhow, Madhya Pradesh, India.