About Ashoka Infraways Limited
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Ashoka Infraways Limited is a public limited company based in Nashik, Maharashtra, India, a subsidiary of Ashoka Buildcon Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 25 June 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2001PLC132489. Its GSTIN is 27AADCA4889P1ZV (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.39 Cr. It was formerly known as Ashoka Infraways Private Limited. It is led by directors including Anup Subhashchandra Katariya (Whole-Time Director) and Rajendra Chindulal Burad.
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 S No 861 Ashoka Houseashoka Marg Vadala, Nashik, Maharashtra, India – 422011.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.07 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.88 Cr (net margin 43.6%) and EBITDA of ₹9.6 Cr (EBITDA margin 53.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 4% over five years.
The company is associated with 1 brand: Ashoka Buildcon. As per MCA filings, the company has open charges of ₹125 Cr and satisfied charges of ₹90.67 Cr on record. Court records list 37 cases involving the company, including 22 filed by the company and 13 filed against it; 3 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.
CIN History of Ashoka Infraways Limited
Ashoka Infraways has one previous CIN (Corporate Identification Number): U45200MH2001PTC132489. The current CIN is U45200MH2001PLC132489, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2001PLC132489 | Current |
| U45200MH2001PTC132489 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS No 861 Ashoka Houseashoka Marg Vadala, Nashik, Maharashtra, India – 422011
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Ashoka Infraways Limited
Ashoka Infraways 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 of Ashoka Infraways Limited
The main business activity of Ashoka Infraways is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ashoka Infraways Limited FY 2025 filings available
Ashoka Infraways Limited reported revenue of ₹18.07 Cr (up 637% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ashoka Infraways Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 637% growth 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 of Ashoka Infraways Limited
| 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 | ₹9.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.88 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 of Ashoka Infraways Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 43.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashoka Infraways are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ashoka Infraways Limited
Ashoka Infraways has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Subhashchandra Katariya Also directs: Viva Highways Limited, Viva Infrastructure Limited, Unique Hybrid Renewables Energy Private Limited and 2 more | Whole-Time Director | 23 May 2023 | 3 Years 4 Months | Current |
| Ashish Ashok Kataria Also directs: Global Ashoka Fulgao Industrial Park LLP, Mohan Mutha - Ashoka Buildcon LLP, Edu Realty Kalyani Nagar School LLP and 5 more | Nominee Director | 01 Oct 2005 | 21 Years 0 Months | Current |
| Rajendra Chindulal Burad Also directs: Ashoka Bitucon International Private Limited, Ashoka Buildwell and Developers Private Limited, Viva Highways Limited and 3 more | Director | 01 Oct 2005 | 21 Years 0 Months | Current |
Peer Comparison of Ashoka Infraways Limited
Ashoka Infraways Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tanglin Developments Limited | ₹18.21 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Bangalore, Karnataka, India |
| PVR Industries Limited | ₹18.15 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Banjara Hills, Hyderabad, Telangana, India |
| Prayagraj Smart City Limited | ₹18.14 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Allahabad, Uttar Pradesh, India |
| Sundernarayan & Co Infrastructure Private Limited | ₹18.13 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Amravati, Maharashtra, India |
| Arunachal Pradesh Industrial Development and Financial Corporation Ltd | ₹18.09 Cr (FY 2023) | •••• | •••• | 58.0% | •••• | Itanagar, Arunachal Pradesh, India |
| Ashoka Infraways Limited this company | ₹18.07 Cr (FY 2025) | •••• | •••• | 637.0% | •••• | Nashik, Maharashtra, India |
| Sirivalli Infra Projects Private Limited | ₹18.07 Cr (FY 2016) | •••• | •••• | 1708.0% | •••• | Hyderabad, Telangana, India |
| Spatium Offices Private Limited | ₹18.07 Cr (FY 2025) | •••• | •••• | 782.0% | •••• | Bangalore, Karnataka, India |
| Vedaryan India Private Limited | ₹18.05 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Saraikela Kharswan, Jharkhand, India |
| Indospace Walajabad II Private Limited | ₹17.96 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Arman Logistics Park Private Limited | ₹17.95 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ashoka Infraways by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ashoka Infraways Limited
Ashoka Infraways Limited is audited by PRAVIN R RATHI & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRAVIN R RATHI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ashoka Infraways Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ashoka Infraways Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Apr 2025 | Others | ₹125 Cr | Open |
| 29 May 2008 | Axis Bank Ltd. | ₹54.67 Cr | Satisfied |
| 14 Oct 2003 | Sicom Limited | ₹15 Cr | Satisfied |
| 14 Oct 2003 | Uti Bank Ltd. | ₹21 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Ashoka Infraways Limited
Ashoka Infraways Limited has 37 court cases on record: 22 filed by Ashoka Infraways, 13 filed against it, 2 where it is another party. 3 cases are pending and 34 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 3 | 0 |
| High courts | 10 | 9 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Dharan Infra-Epc Limited | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax (Central) Nagpur | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax (Central), Nagpur | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax (Central) Nagpur | Pending |
| District court, Nashik, Maharashtra | Civil suit | Company is another party | Disposed |
Full case history
All 37 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ashoka Infraways Limited
Employment history and EPFO contributions of people linked to Ashoka Infraways.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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Recent Activity on Ashoka Infraways Limited
Ashoka Infraways Limited has 10 board changes on record since 2005: 3 appointments and 7 cessations. The latest: Anup Subhashchandra Katariya ceased to be Additional Director on 19 Sep 2023.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ashoka Infraways Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ashoka Infraways Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Ashoka Infraways Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Ashoka Infraways Limited
Ashoka Infraways has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCA4889P1ZV | Maharashtra | Active | 01 Jul 2017 |
| 23AADCA4889P1Z3 | Madhya Pradesh | Active | 01 Jul 2017 |
| 30AADCA4889P1Z8 | Goa | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ashoka Infraways Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Related news about Ashoka Infraways Limited
Frequently Asked Questions about Ashoka Infraways Limited
Ashoka Infraways is an active public limited company based in Nashik, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 25 June 2001 (25+ years old) and is registered under CIN U45200MH2001PLC132489.
Ashoka Infraways reported revenue of ₹18.07 Cr for FY 2025 (up 637% YoY).
Ashoka Infraways has 3 current directors:
- Anup Subhashchandra Katariya - Whole-Time Director
- Ashish Ashok Kataria - Nominee Director
- Rajendra Chindulal Burad - Director
Ashoka Infraways reported a net profit of ₹7.88 Cr (net margin 43.6%) and EBITDA of ₹9.6 Cr (EBITDA margin 53.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashoka Infraways is -11% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 637%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashoka Infraways is 27AADCA4889P1ZV, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 23AADCA4889P1Z3 (Madhya Pradesh), 30AADCA4889P1Z8 (Goa).
The CIN (Corporate Identification Number) of Ashoka Infraways is U45200MH2001PLC132489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashoka Infraways has 37 court cases on record: 22 filed by the company and 13 filed against it. 3 are pending. Most are in the district courts.
Ashoka Infraways was incorporated on 25 June 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashoka Infraways by revenue are Tanglin Developments Limited, PVR Industries Limited, Prayagraj Smart City Limited, Sundernarayan & Co Infrastructure Private Limited, Arunachal Pradesh Industrial Development and Financial Corporation Ltd and 5 more, all in the Infrastructure industry (Infrastructure Services).
Anup Subhashchandra Katariya ceased to be Additional Director on 19 Sep 2023. Anup Subhashchandra Katariya was appointed as Whole-Time Director on 23 May 2023. Barun Pal Chowdhury ceased to be Additional Director on 09 Sep 2021. Ashoka Infraways has 10 board changes on record in total.