About
Basic Data Updated:
8 days agoIn 2007, Ashoka Highways (Bhandara) Limited was established with the purpose of undertaking the construction, widening, operation, and maintenance of an 80 km stretch on NH-6, from 405 km to 485 km. This project, located along the Chhattisgarh-Maharashtra border, was completed in May 2010 and tolling began in October of the same year. The National Highways Authority of India made the decision to exclude the final 7.9 km of the project from the scope of work due to its location in a forest area and the lack of clearances from the forest department. Ashoka Buildcon Ltd. is the company behind the promotion of this venture, with its registered office situated in Nashik, Maharashtra.
Industry
Company Details
- Location
Nashik, Maharashtra, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U45203MH2007PLC168773 |
| Company No. | 168773 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 15 Mar 2007 |
| Date of AGM | 15 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Mumbai |
Financials of Ashoka Highways (Bhandara) Limited
Ashoka Highways (Bhandara) Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 94.12% increase. The company also saw a substantial improvement in profitability, with a 861.71% increase in profit. The company's net worth Soared by an impressive increase of 41.08%.
Corporate Structure
Unlock access to Ashoka Highways (Bhandara)'s control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Ashoka Highways (Bhandara) Limited
Unlock and access historical data on people associated with Ashoka Highways (Bhandara), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
PL
Pooja Lopes
Company SecretaryAppointment Date: 04-Aug-2023
Status: Current
RV
Ravindra Vijayvargiya CFOAppointment Date: 14-May-2019
Status: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Idbi Trusteeship Services Limited Creation Date: 27 Feb 2015 | ₹170.00 Cr | Open |
Idbi Trusteeship Services Limited Creation Date: 19 Jan 2015 | ₹329.00 Cr | Open |
Idbi Trusteeship Services Limited Creation Date: 11 Sep 2008 | ₹375.00 Cr | Satisfied |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ashoka Highways (Bhandara), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ashoka Highways (Bhandara)'s trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
New Consolidated Construction Company Limited
Active
77 years 7 months Rajendrachand Singhvi is a mutual person
Ashoka Mallasandra Karadi Road Private Limited
Active 6 years 1 month Ashish Kataria, Ravindra Vijayvargiya and 1 more are mutual person
Ashoka Khairatunda Barwa Adda Road Limited
Active 6 years 1 month Pooja Lopes and Ravindra Vijayvargiya are mutual person
Ashoka Bettadahalli Shivamogga Road Private Limited
Active 5 years 1 month Pooja Alwin is a mutual person
Recent activity within the organization
Annual General Meeting
Ashoka Highways (Bhandara) Limited last Annual general meeting of members was held on 15 Sep 2023 as per latest MCA records.
15 Sep 2023Balance Sheet
Ashoka Highways (Bhandara) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
31 Mar 2023Director Appointment
Anil Shantilal Gandhi was appointed as a Nominee Director was appointed as a Nominee Director on 14 May 2019 & has been associated with this company since 5 years 4 days .
14 May 2019Director Appointment
Pooja Lopes Alwin was appointed as a Nominee Director was appointed as a Nominee Director on 15 May 2018 & has been associated with this company since 6 years 3 days .
15 May 2018Director Appointment
Nirbhaya Kishore Mishra was appointed as a Director was appointed as a Director on 19 Dec 2017 & has been associated with this company since 6 years 4 months .
19 Dec 2017
Recent News, Updates & Announcement
Jefferies positive on roadfocussed companies Ashoka Buildcon Sadbhav Infra.Moneycontrol 28 Sep 2017
- Buy Ashoka Buildcon target of Rs 210 ICICI Direct Moneycontrolcom.
Moneycontrol 16 Aug 2017
- Ashoka Buildcon gets Rs 117cr power project in Bihar.
Business Line 30 Jan 2017
- Ashoka Buildcon Q3 profit doubles to Rs43 crore.
Nternet 28 Jan 2017
- Private Equity Funds Look to Exit Ashoka Buildcons Road Assets After 56 Years of Investment Potential Buyers Show Interest in Indian Infrastructure Assets.
When you invest in roads but want to exit so you talk to potential investors to sell your stake Two private equity funds Macquarie and State Bank of India want to leave after investing in Ashoka Buildcons road assets for 56 years They might get 1214 growth per year Other investors like I Squared Capital and Canadian pension funds are also interested in buying infrastructure assets in India.
mint 22 Dec 2016
Frequently asked questions
What is the Incorporation or founding date of Ashoka Highways (Bhandara) Limited?
