About Ashoka Highways (Bhandara) Limited
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Ashoka Highways (Bhandara) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashoka Concessions Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 15 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2007PLC168773. Its GSTIN is 27AAGCA2213A1ZH (Maharashtra).
The company has an authorised share capital of ₹76 Cr and a paid-up capital of ₹26.11 Cr. It is led by directors including Abhishek Arora and Prasannakumar Bhagavanth Bedi.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹132.69 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹21.27 Cr (net margin 16%) and EBITDA of ₹92.53 Cr (EBITDA margin 69.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 13% over five years.
The company is associated with 1 brand: Ashoka Buildcon. As per MCA filings, the company has open charges of ₹499 Cr and satisfied charges of ₹375 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashokabuildcon.com.
Company details
CIN history
Ashoka Highways (Bhandara) has one previous CIN (Corporate Identification Number): U45203MH2007PTC168773. The current CIN is U45203MH2007PLC168773, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2007PLC168773 | Current |
| U45203MH2007PTC168773 | Previous |
Contact details
Ashoka Highways (Bhandara) Limited's registered office is in Mumbai, Maharashtra. Its website is ashokabuildcon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOfficeunitno.2 Groundfloor Winga, The Orb Marol Andheri East, Mumbai, Maharashtra, India – 400099
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Ashoka Highways (Bhandara) 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
Ashoka Highways (Bhandara) operates one associated brand: Ashoka Buildcon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Road construction and power transmission services are provided. | ashokabuildcon.com |
Business activity
The main business activity of Ashoka Highways (Bhandara) 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 Highways (Bhandara) Limited, buy the company report.
Financials of Ashoka Highways (Bhandara) Limited
FY 2025 filings availableAshoka Highways (Bhandara) Limited reported revenue of ₹132.69 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 12% growth in the latest year. EBITDA rose 2% 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 | ₹92.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.27 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 | 69.7% | ||||
| Net Profit Margin | 16% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashoka Highways (Bhandara) Limited, buy the company report.
Board of directors of Ashoka Highways (Bhandara) Limited
Ashoka Highways (Bhandara) has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Arora | Director | 26 Nov 2025 | 0 Years 11 Months | Current |
| Prasannakumar Bhagavanth Bedi Also directs: Sambalpur Baragarh Tollway Limited, Belgaum Dharwad Tollway Limited, Dhankuni Kharagpur Tollway Limited and 5 more | Director | 26 Nov 2025 | 0 Years 11 Months | Current |
| Prathima Vankadaru Also directs: Sambalpur Baragarh Tollway Limited, Belgaum Dharwad Tollway Limited, Dhankuni Kharagpur Tollway Limited and 5 more | Director | 26 Nov 2025 | 0 Years 11 Months | Current |
| Balakrishnan Praveenkumar | Director | 26 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Ashoka Highways (Bhandara) 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 |
|---|---|---|---|---|---|---|
| Gawar Sihuni Highway Private Limited | ₹133.25 Cr (FY 2025) | 278.0% | Hisar, Haryana, India | |||
| Hazaribagh Tollway Private Limited | ₹132.92 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Durg Shivnath Expressways Private Limited | ₹132.9 Cr (FY 2025) | 11.0% | Durg, Chhattisgarh, India | |||
| Ashoka Highways (Bhandara) Limitedthis company | ₹132.69 Cr (FY 2025) | ₹21.27 Cr | 16% | 12.0% | Mumbai, Maharashtra, India | |
| NKC Alewa Pandwa Expressway Private Limited | ₹131.99 Cr (FY 2025) | -71.0% | Delhi, India | |||
| Ceigall Bathinda Dabwali Highways Private Limited | ₹131.9 Cr (FY 2025) | -67.0% | Ludhiana, Punjab, India | |||
| Ni Road Infra Private Limited | ₹131.9 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Sudhir Constructions Infraspace (Shegaon Palkhi Road) Private Limited | ₹131.18 Cr (FY 2024) | 584.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Ashoka Highways (Bhandara) Limited, buy the company report.
Auditor
Ashoka Highways (Bhandara) Limited is audited by Gianender & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gianender & Associates | FY 2023 | 04661N |
Shareholding
The shareholding of Ashoka Highways (Bhandara) 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 Ashoka Highways (Bhandara) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2015 | 10558548 | Idbi Trusteeship Services Limited | ₹170 Cr | Open | |
| 19 Jan 2015 | 10552393 | Idbi Trusteeship Services Limited | ₹329 Cr | Open | |
| 11 Sep 2008 | 10126040 | Idbi Trusteeship Services Limited | ₹375 Cr | Satisfied |
To see the full charge records of Ashoka Highways (Bhandara) Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ashoka Highways (Bhandara) Limited has 8 court cases on record: 2 filed by Ashoka Highways (Bhandara), 6 filed against it. 7 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 6 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. WCA-I) | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 1 Nashik | Pending |
| Bombay High Court | Tax appeal | Filed against the company by an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-1 Nashik | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-1 | Pending |
To see the full case history of Ashoka Highways (Bhandara) 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 Highways (Bhandara) Limited was last rated by Crisil on 25 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Mar 2021 |
To see the full credit ratings and regulatory alerts of Ashoka Highways (Bhandara) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashoka Highways (Bhandara) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashoka Highways (Bhandara) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA2213A1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashoka Highways (Bhandara) Limited, buy the company report.
Recent activity
Ashoka Highways (Bhandara) Limited has 25 board changes on record since 2010: 4 appointments and 21 cessations. The latest: Abhishek Arora was appointed as Director on 26 Nov 2025.
20 earlier events are in the company report.
News
Frequently asked questions
Ashoka Highways (Bhandara) 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 15 March 2007 (19+ years old) and is registered under CIN U45203MH2007PLC168773.
Ashoka Highways (Bhandara) has 4 current directors:
- Abhishek Arora - Director
- Prasannakumar Bhagavanth Bedi - Director
- Prathima Vankadaru - Director
- Balakrishnan Praveenkumar - Director
The latest financial statements of Ashoka Highways (Bhandara) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashoka Highways (Bhandara) is 27AAGCA2213A1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashoka Highways (Bhandara) is U45203MH2007PLC168773. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashoka Highways (Bhandara) has 8 court cases on record: 2 filed by the company and 6 filed against it. 7 are pending. Most are in the high courts.
Ashoka Highways (Bhandara) was incorporated on 15 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashoka Highways (Bhandara) by revenue are Gawar Sihuni Highway Private Limited, Hazaribagh Tollway Private Limited, Durg Shivnath Expressways Private Limited, NKC Alewa Pandwa Expressway Private Limited, Ceigall Bathinda Dabwali Highways Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Abhishek Arora was appointed as Director on 26 Nov 2025. Abhishek Arora ceased to be Additional Director on 26 Nov 2025. Anil Shantilal Gandhi ceased to be Nominee Director on 26 Nov 2025. Ashoka Highways (Bhandara) has 25 board changes on record in total.
Ashoka Highways (Bhandara) can be reached through the website ashokabuildcon.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ashoka Highways (Bhandara) is at Officeunitno.2 Groundfloor Winga, The Orb Marol Andheri East, Mumbai, Maharashtra, India – 400099.
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