About Andhra Pradesh Expressway Private Limited
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Andhra Pradesh Expressway Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Cube Highways And Infrastructure Pte. Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 11 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63031DL2005PTC349200. Its GSTIN is 37AAFCA6343J1ZJ (Andhra Pradesh). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹11.9 Cr. It is led by directors Himanshu Luthra and Saurabh Bansal.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 376 Upper Ground Floor Nirman Vihar, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2025, the company reported a revenue of ₹158.79 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹18.41 Cr (net margin 11.6%) and EBITDA of ₹51.69 Cr (EBITDA margin 32.5%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 1% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1,132.89 Cr on record. Court records list 19 cases involving the company, including 6 filed by the company and 13 filed against it; 5 cases are pending. The company has 12 deals on record (4 secondary share transfers, 3 debt financings, 2 funding rounds), with disclosed funding of ₹352.79 Cr; the latest was in January 2023. Its 6 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 3 smaller; the largest is Su Toll Road Private Limited with revenue of ₹162.57 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 51 overdue payments to 17 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apel.net.in.
Company details
CIN history
Andhra Pradesh Expressway has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U63031DL2005PTC349200, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63031DL2005PTC349200 | Current |
| U63031DL2005PLC349200 | Previous |
| U63031MH2005PLC157256 | Previous |
Contact details
Andhra Pradesh Expressway Private Limited's registered office is in New Delhi, Delhi. Its website is apel.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 376 Upper Ground Floor Nirman Vihar, New Delhi, Delhi, India – 110092
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Andhra Pradesh Expressway 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 Andhra Pradesh Expressway 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 Andhra Pradesh Expressway Private Limited, buy the company report.
Financials of Andhra Pradesh Expressway Private Limited
FY 2025 filings availableAndhra Pradesh Expressway Private Limited reported revenue of ₹158.79 Cr (up 206% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 206% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 85% 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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| Total Expenses | |||||
| EBITDA | ₹51.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.41 Cr | ||||
| Balance Sheet | |||||
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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 | 32.5% | ||||
| Net Profit Margin | 11.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Andhra Pradesh Expressway Private Limited, buy the company report.
Board of directors of Andhra Pradesh Expressway Private Limited
Andhra Pradesh Expressway has 2 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Luthra | Director | 13 Nov 2022 | 3 Years 11 Months | Current |
| Saurabh Bansal Also directs: Madurai-Kanyakumari Tollway Private Limited, Mahua Bharatpur Expressways Limited, N.A.M.Expressway Limited and 1 more | Director | 13 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Andhra Pradesh Expressway Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Su Toll Road Private Limited | ₹162.57 Cr (FY 2024) | 12.0% | Mumbai, Maharashtra, India | |||
| Jorabat Shillong Expressway Limited | ₹160.44 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Apco Chetak Ultraway Private Limited | ₹159.46 Cr (FY 2025) | -51.0% | Lucknow, Uttar Pradesh, India | |||
| Andhra Pradesh Expressway Private Limitedthis company | ₹158.79 Cr (FY 2025) | ₹18.41 Cr | 11.6% | 206.0% | 10 | New Delhi, Delhi, India |
| Ujjain Suhagadi Highway Private Limited | ₹157.06 Cr (FY 2025) | -45.0% | Udaipur, Rajasthan, India | |||
| Jangareddygudem Projects Private Limited | ₹156.09 Cr (FY 2025) | -20.0% | Hyderabad, Telangana, India | |||
| Hyderabad-Yadgiri Tollway Private Limited | ₹155.65 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Andhra Pradesh Expressway Private Limited, buy the company report.
Auditor
Andhra Pradesh Expressway Private Limited is audited by S.B. Billimoria & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.B. Billimoria & Co | FY 2022 | 101496W |
Shareholding
The shareholding of Andhra Pradesh Expressway 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 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 Andhra Pradesh Expressway Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2013 | 10407520 | Idbi Trusteeship Services Limited | ₹530 Cr | Satisfied | |
| 20 Jun 2006 | 10008098 | Il & Fs Trust Company Limited | ₹524.25 Cr | Satisfied | |
| 20 Apr 2006 | 10004536 | Il & Fs Trust Company Limited | ₹78.64 Cr | Satisfied |
To see the full charge records of Andhra Pradesh Expressway Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Andhra Pradesh Expressway Private Limited has 12 deals on record (4 secondary share transfers, 3 debt financings, 2 funding rounds), with disclosed funding of ₹352.79 Cr; the latest was in January 2023.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: Il&Fs Transportation Networks Limited |
| Mar 2017 | Acquisition | Undisclosed | Buyer: Cube Highways and Infrastructure Seller: Il&Fs Transportation Networks Limited |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Il&Fs Transportation Networks Limited Seller: Itnl Road Investment Trust |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Itnl Road Investment Trust Seller: Il&Fs Transportation Networks Limited , Infrastructure Leasing & Financial Services Limited |
| Mar 2008 | Debt financing | ₹8.13 Cr | Investors: Il&Fs Transportation Networks Limited |
To see the full deal history of Andhra Pradesh Expressway 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
Andhra Pradesh Expressway Private Limited has 19 court cases on record: 6 filed by Andhra Pradesh Expressway, 13 filed against it. 5 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 13 | 5 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against The Government of Andhra Pradesh,Rep.By Its Principal | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against The Government of Andhra Pradesh,Rep.By Its Principal | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by National Highways Authority of India | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax-1, Mumbai | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Pending |
To see the full case history of Andhra Pradesh Expressway 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
Andhra Pradesh Expressway Private Limited was last rated by Icra on 07 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Oct 2021 |
To see the full credit ratings and regulatory alerts of Andhra Pradesh Expressway Private Limited, buy the company report.
MSME payment delays
Andhra Pradesh Expressway Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 51 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Corpnexus Solutions LLP | |||
| Questnest Solutions Private Limited | |||
| Shivam Concrete Technology and Consultancy Private Limited | |||
| Inckah Infrastructure Technologies Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Andhra Pradesh Expressway Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Andhra Pradesh Expressway Private Limited has a workforce of 10 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 10 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Andhra Pradesh Expressway Private Limited, buy the company report.
GST
Andhra Pradesh Expressway has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCA6343J1ZJ | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AAFCA6343J2ZK | Telangana | Active | 07 Sep 2017 |
| 09AAFCA6343J1ZI | Uttar Pradesh | Active | 25 Jun 2018 |
| 09AAFCA6343J2ZH | Uttar Pradesh | Active | 20 Mar 2025 |
To see the full GST registrations and return filing status of Andhra Pradesh Expressway Private Limited, buy the company report.
Recent activity
Andhra Pradesh Expressway Private Limited has 38 board changes on record since 2006: 2 appointments and 36 cessations. The latest: Ashok Sethi ceased to be Additional Director on 29 Sep 2024.
37 earlier events are in the company report.
Frequently asked questions
Andhra Pradesh Expressway is an active private limited company based in New Delhi, Delhi, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 11 November 2005 (21+ years old) and is registered under CIN U63031DL2005PTC349200.
Andhra Pradesh Expressway has 2 current directors:
- Himanshu Luthra - Director
- Saurabh Bansal - Director
The latest financial statements of Andhra Pradesh Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Andhra Pradesh Expressway is 37AAFCA6343J1ZJ, registered in Andhra Pradesh. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 36AAFCA6343J2ZK (Telangana), 09AAFCA6343J1ZI (Uttar Pradesh), 09AAFCA6343J2ZH (Uttar Pradesh).
The CIN (Corporate Identification Number) of Andhra Pradesh Expressway is U63031DL2005PTC349200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Andhra Pradesh Expressway has 19 court cases on record: 6 filed by the company and 13 filed against it. 5 are pending.
Andhra Pradesh Expressway was incorporated on 11 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
Andhra Pradesh Expressway has 12 deals on record (4 secondary share transfers, 3 debt financings, 2 funding rounds), with disclosed funding of ₹352.79 Cr; the latest was in January 2023.
The peers of Andhra Pradesh Expressway by revenue are Su Toll Road Private Limited, Jorabat Shillong Expressway Limited, Apco Chetak Ultraway Private Limited, Ujjain Suhagadi Highway Private Limited, Jangareddygudem Projects Private Limited and 1 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Ashok Sethi ceased to be Additional Director on 29 Sep 2024. Manish Gupta ceased to be Additional Director on 29 Sep 2024. Himanshu Luthra ceased to be Additional Director on 05 Jan 2023. Andhra Pradesh Expressway has 38 board changes on record in total.
Andhra Pradesh Expressway has 9 MSME Form 1 returns on record between 2019 and 2023, listing 51 overdue payments to 17 micro and small suppliers. The latest return was filed on 04 Nov 2023.
Andhra Pradesh Expressway can be reached through the website apel.net.in. Its registered office is in New Delhi, Delhi, India.
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