About Ashoka Infraways Limited
Data last updated:
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 39 cases involving the company, including 23 filed by the company and 16 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.
Company details
CIN history
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 |
Contact details
Ashoka Infraways Limited's registered office is in Nashik, Maharashtra. Its website is ashokabuildcon.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressS No 861 Ashoka Houseashoka Marg Vadala, Nashik, Maharashtra, India – 422011
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Ashoka Infraways 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 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
The main business activity of Ashoka Infraways 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 Infraways Limited, buy the company report.
Financials of Ashoka Infraways Limited
FY 2025 filings availableAshoka Infraways Limited reported revenue of ₹18.07 Cr (up 637% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Ashoka Infraways Limited, buy the company report.
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 |
Auditor
Ashoka Infraways Limited is audited by PRAVIN R RATHI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAVIN R RATHI & ASSOCIATES | FY 2021 | 131494W |
Shareholding
The shareholding of Ashoka Infraways Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashoka Infraways Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2025 | 101085694 | Others | ₹125 Cr | Open | |
| 29 May 2008 | 10110573 | Axis Bank Ltd. | ₹54.67 Cr | Satisfied | |
| 14 Oct 2003 | 80010360 | Sicom Limited | ₹15 Cr | Satisfied | |
| 14 Oct 2003 | 90146527 | Uti Bank Ltd. | ₹21 Cr | Satisfied |
To see the full charge records of Ashoka Infraways Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ashoka Infraways Limited has 39 court cases on record: 23 filed by Ashoka Infraways, 16 filed against it. 3 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 4 | 0 |
| High courts | 10 | 10 | 3 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by M/S KBC Global Limited Through Its Direcor, Naresh Jagumal Karda | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Capri Global Capital Limited | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Karda Constructions Limited THR Director Naresh Jagumal Karda | Disposed |
| District court, Dewas, Madhya Pradesh | Court case (EX AB) | Filed by the company against Ashoka Buildcon Ltd and 1 other | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax (Central), Nagpur | Pending |
To see the full case history of Ashoka Infraways 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashoka Infraways Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Ashoka Infraways Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 3 current directors:
- Anup Subhashchandra Katariya - Whole-Time Director
- Ashish Ashok Kataria - Nominee Director
- Rajendra Chindulal Burad - Director
The latest financial statements of Ashoka Infraways 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 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 39 court cases on record: 23 filed by the company and 16 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.
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.
Ashoka Infraways can be reached through the website ashokabuildcon.com. Its registered office is in Nashik, Maharashtra, India.
The registered office of Ashoka Infraways is at S No 861 Ashoka Houseashoka Marg Vadala, Nashik, Maharashtra, India – 422011.