India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,427 Satish D Parakh & family ₹1,500 Cr
Revenue · FY 2025
₹151.16 Cr
▲ 8% YoY
Net profit · FY 2025
₹413.5 Cr
Net margin 273.6%
EBITDA · FY 2025
₹432.84 Cr
EBITDA margin 286.3%
Authorised capital
₹18 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹844.25 Cr
Satisfied ₹8,589.56 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
29
Provident fund records
About Ashoka Concessions Limited
Data last updated:
Ashoka Concessions Limited is a public limited company based in Nashik, Maharashtra, India, a subsidiary of Ashoka Buildcon Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 05 April 2011 and has been in existence for over 15 years.
Its director Satish D Parakh and family are #1,427 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2011PLC215760. Its GSTIN is 27AAJCA4484C1ZP (Maharashtra). The company holds 12 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Ashoka Concessions Private Limited. It is led by directors including Ashish Ashok Kataria (Whole-Time Director) and Satish Dhondulal Parakh.
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 S. No. 113/2 5th Floor Ashoka Business Enclave Wadala Road, Nashik, Maharashtra, India – 422009.
As per the financials filed for FY 2025, the company reported a revenue of ₹151.16 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹413.5 Cr (net margin 273.6%) and EBITDA of ₹432.84 Cr (EBITDA margin 286.3%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 66% over five years.
The company has about 29 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries.
The company is associated with 1 brand: Ashoka Concessions. As per MCA filings, the company has open charges of ₹844.25 Cr and satisfied charges of ₹8,589.56 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 5 deals on record (2 convertible or debt financings, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,807.81 Cr; the latest was in March 2014. 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, 4 larger and 3 smaller; the largest is Krishnapali Constructions Private Limited with revenue of ₹13.04 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 ashokaconcessions.com.
Company details
CIN U45201MH2011PLC215760
Registration Number 215760
Incorporation Date 05 April 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ashoka Buildcon Limited
Compliance Status Active Compliant
CIN history
Ashoka Concessions has one previous CIN (Corporate Identification Number): U45201MH2011PTC215760. The current CIN is U45201MH2011PLC215760, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH2011PLC215760 | Current |
| U45201MH2011PTC215760 | Previous |
Key People
Ashish Ashok Kataria Whole-Time Director Satish Dhondulal Parakh Nominee Director Paresh Chatursinha Mehta Nominee Director Recognitions & Rankings of Ashoka Concessions
Contact details
Ashoka Concessions Limited's registered office is in Nashik, Maharashtra. Its website is ashokaconcessions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS. No. 113/2 5th Floor Ashoka Business Enclave Wadala Road, Nashik, Maharashtra, India – 422009
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Ashoka Concessions Limited, buy the company report.
Comprehensive company report
Ashoka Concessions Limited - one report that includes everything
- 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
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Brands
Ashoka Concessions operates one associated brand: Ashoka Concessions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development services are provided across various projects in India. | ashokaconcessions.com |
Business activity
The main business activity of Ashoka Concessions 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 Ashoka Concessions Limited, buy the company report.
Financials of Ashoka Concessions Limited
FY 2025 filings availableAshoka Concessions Limited reported revenue of ₹151.16 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹151.16 Cr ▲ 8%
Net profit · FY 2025
₹413.5 Cr margin 273.6%
EBITDA · FY 2025
₹432.84 Cr margin 286.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 81%
5 years · compounded
▼ 66%
EBITDA CAGR growth
1 year
▲ 286%
3 years · compounded
▼ 24%
5 years · compounded
▼ 9%
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 66%. EBITDA rose 286% 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 | ₹151.16 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹432.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹413.5 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 | 286.3% | ||||
| Net Profit Margin | 273.6% | ||||
| 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 Ashoka Concessions Limited, buy the company report.
Board of directors of Ashoka Concessions Limited
Ashoka Concessions has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Dhondulal Parakh Also directs: Global Ashoka Fulgao Industrial Park LLP, Ashoka Buildcon Limited, Unique Hytech Renewable Energy Private Limited and 5 more | Nominee Director | 05 Apr 2011 | 15 Years 7 Months | Current |
| Paresh Chatursinha Mehta | Nominee Director | 12 Mar 2012 | 14 Years 7 Months | Current |
| Ashish Ashok Kataria Also directs: Global Ashoka Fulgao Industrial Park LLP, Ashoka Buildcon Limited, Unique Hytech Renewable Energy Private Limited and 5 more | Whole-Time Director | 05 Apr 2011 | 15 Years 7 Months | Current |
| Mahendra Bhopalsingh Mehta Also directs: Ashoka Buildcon Limited, Ashoka Mudhol Nipani Roads Limited, Jaora - Nayagaon Toll Road Company Private Limited and 2 more | Nominee Director | 31 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Ashoka Concessions 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 |
|---|---|---|---|---|---|---|
| Ashoka Concessions Limitedthis company | ₹151.16 Cr (FY 2025) | ₹413.5 Cr | 273.6% | 8.0% | 29 | Nashik, Maharashtra, India |
| Krishnapali Constructions Private Limited | ₹13.04 Cr (FY 2025) | 81.0% | Patna, Bihar, India | |||
| Abhilash Global Corporation Private Limited | ₹13.04 Cr (FY 2018) | 10.0% | Hyderabad, Telangana, India | |||
| HMP Builders Private Limited | ₹13.02 Cr (FY 2024) | -74.0% | Nashik, Maharashtra, India | |||
| Dass Builders Private Limited | ₹12.93 Cr (FY 2025) | -22.0% | Punjab, India | |||
| Nandi Engineering Limited | ₹12.84 Cr (FY 2025) | -17.0% | Bangalore, Karnataka, India | |||
| Raisoni Ventures Private Limited | ₹12.82 Cr (FY 2025) | -60.0% | Pune, Maharashtra, India | |||
| Dhani Ram Infraprojects Private Limited | ₹12.72 Cr (FY 2025) | -17.0% | Fatehabad, Haryana, India |
To see the full peer comparison of Ashoka Concessions Limited, buy the company report.
Auditor
Ashoka Concessions Limited is audited by S R B C & CO. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO. LLP | FY 2022 | 324982E/E3000003 |
Shareholding
The shareholding of Ashoka Concessions 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 Ashoka Concessions Limited, buy the company report.
Charges & borrowings
Open charges
₹844.25 Cr
Satisfied charges
₹8,589.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2025 | 101176180 | Others | ₹262.61 Cr | Open | |
| 23 May 2025 | 101107702 | Others | ₹361 Cr | Open | |
| 11 Mar 2024 | 100880577 | Others | ₹220.64 Cr | Open | |
| 05 Mar 2024 | 100881322 | Sbicap Trustee Company Limited | ₹700 Cr | Satisfied | |
| 14 Mar 2023 | 100690462 | Others | ₹473.87 Cr | Satisfied |
To see the full charge records of Ashoka Concessions Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Ashoka Concessions Limited has 5 deals on record (2 convertible or debt financings, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,807.81 Cr; the latest was in March 2014.
Total deals
5
Convertible or debt financings
2
Secondary share transfers
2
Acquisition
1
Disclosed funding
₹1,807.81 Cr
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: Macquarie Group Seller: Ashoka Buildcon Limited |
| Apr 2012 | Acquisition | ₹99 Lakh | Buyer: Ashoka Buildcon Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Ashoka Buildcon Limited & Shobha Satish Parkh, Ashoka Buildcon Limited & Ashok Motilal Katariya, Ashoka Buildcon Limited & Satish Dhondulal Parakh Seller: 2 individuals |
To see the full deal history of Ashoka Concessions 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
Ashoka Concessions Limited has 4 court cases on record: 1 filed by Ashoka Concessions, 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The State of Karantaka and 1 other | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by L and T Infrastructure Development Projects Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by L and T Infrastructure | Disposed |
| High Court, TAMIL NADU | Petition | Filed against the company by L&T Infrastructure | Disposed |
To see the full case history of Ashoka Concessions 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
Ashoka Concessions Limited was last rated by Icra on 18 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Jan 2022 |
To see the full credit ratings and regulatory alerts of Ashoka Concessions Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashoka Concessions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ashoka Concessions has 12 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
12
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ashoka Highways (Bhandara) Limited | U45203MH2007PLC168773 | |
| Ashoka Sambalpur Baragarh Tollway Limited | U45204DL2010PLC203890 | |
| Ashoka Dhankuni Kharagpur Tollway Limited | U45204DL2011PLC215262 | |
| Ashoka Kharar Ludhiana Road Limited | U45309DL2016PLC304822 | |
| Ashoka Khairatunda Barwa Adda Road Limited | U45309DL2018PLC331816 | |
| Ashoka Mallasandra Karadi Road Private Limited | U45309DL2018PTC332068 |
To see the full group structure of Ashoka Concessions Limited, buy the company report.
Employees & EPFO
Ashoka Concessions Limited has a workforce of 29 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
-19.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 29 |
| 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 Ashoka Concessions Limited, buy the company report.
GST
Ashoka Concessions has 12 GST registrations: 11 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
11
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCA4484C1ZP | Maharashtra | Active | 01 Jul 2017 |
| 27AAJCA4484C3ZN | Maharashtra | Active | 27 May 2024 |
| 19AAJCA4484C1ZM | West Bengal | Active | 01 Jul 2017 |
| 21AAJCA4484C1Z1 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashoka Concessions Limited, buy the company report.
Recent activity
Ashoka Concessions Limited has 18 board changes on record since 2011: 4 appointments and 14 cessations. The latest: Sachin Rajendra Singhvi ceased to be Additional Director on 29 Apr 2025.
Charges
A charge registered on 18 Mar 2016 via Charge ID 100022284 with Idbi Trusteeship Services Limited was fully satisfied on 09 Feb 2026.
Charges
A charge registered on 07 May 2015 via Charge ID 10577758 with Idbi Trusteeship Services Limited was fully satisfied on 06 Jan 2026.
Charges
A charge registered on 03 Mar 2015 via Charge ID 10552684 with Idbi Trusteeship Services Limited was fully satisfied on 06 Jan 2026.
Charges
A charge registered on 10 Dec 2021 via Charge ID 100509495 with Others was fully satisfied on 05 Jan 2026.
Charges
A charge registered on 08 Sep 2017 via Charge ID 100124421 with Others was fully satisfied on 05 Jan 2026.
Charges
A charge registered on 14 Mar 2023 via Charge ID 100690462 with Others was fully satisfied on 02 Jan 2026.
Charges
A charge registered on 19 Dec 2022 via Charge ID 100654756 with Sbicap Trustee Company Limited was fully satisfied on 02 Jan 2026.
Charges
A charge registered on 08 Oct 2018 via Charge ID 100207213 with Others was fully satisfied on 02 Jan 2026.
Charges
A charge registered on 04 Sep 2018 via Charge ID 100201810 with Others was fully satisfied on 02 Jan 2026.
Charges
A charge registered on 03 Nov 2014 via Charge ID 10536801 with Axis Trustee Services Limited was fully satisfied on 02 Jan 2026.
Charges
A charge registered on 05 Mar 2024 via Charge ID 100881322 with Sbicap Trustee Company Limited was fully satisfied on 24 Dec 2025.
Charges
A charge with Others amounted to Rs. 262.61 Cr with Charge ID 101176180 was registered on 24 Oct 2025.
58 earlier events are in the company report.
News
Frequently asked questions
Ashoka Concessions is an active public limited company based in Nashik, Maharashtra, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 05 April 2011 (15+ years old) and is registered under CIN U45201MH2011PLC215760.
Ashoka Concessions has 4 current directors:
- Ashish Ashok Kataria - Whole-Time Director
- Satish Dhondulal Parakh - Nominee Director
- Paresh Chatursinha Mehta - Nominee Director
- Mahendra Bhopalsingh Mehta - Nominee Director
The latest financial statements of Ashoka Concessions 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 Ashoka Concessions is 27AAJCA4484C1ZP, registered in Maharashtra. The company has 12 GST registrations in all, of which 11 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAJCA4484C3ZN (Maharashtra), 19AAJCA4484C1ZM (West Bengal), 21AAJCA4484C1Z1 (Odisha).
The CIN (Corporate Identification Number) of Ashoka Concessions is U45201MH2011PLC215760. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashoka Concessions has 4 court cases on record: 1 filed by the company and 3 filed against it.
Ashoka Concessions was incorporated on 05 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashoka Concessions has 5 deals on record (2 convertible or debt financings, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,807.81 Cr; the latest was in March 2014.
The peers of Ashoka Concessions by revenue are Krishnapali Constructions Private Limited, Abhilash Global Corporation Private Limited, HMP Builders Private Limited, Dass Builders Private Limited, Nandi Engineering Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sachin Rajendra Singhvi ceased to be Additional Director on 29 Apr 2025. Gyan Chand Daga ceased to be Nominee Director on 31 Mar 2024. Mahendra Bhopalsingh Mehta was appointed as Nominee Director on 31 Mar 2024. Ashoka Concessions has 18 board changes on record in total.
Ashoka Concessions can be reached through the website ashokaconcessions.com. Its registered office is in Nashik, Maharashtra, India.
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