About Bangalore Metro Rail Corporation Limited
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Bangalore Metro Rail Corporation Limited is a public limited union government company based in Bangalore, Karnataka, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 21 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U16286KA1994GOI016286. Its GSTIN is 29AAACB4881D1ZQ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹22,000 Cr and a paid-up capital of ₹15,488 Cr. It was formerly known as Bangalore Mass Rapid Transit Ltd. It is led by directors including Ravi Shankar Jayaram (Managing Director) and Sivamathan Siddan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at III Floor Bmtc Complex Kengal Hanumanthaiah Road Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,190.99 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹624.69 Cr (net margin -52.5%) and EBITDA of ₹484.7 Cr (EBITDA margin 40.7%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 22% over five years.
The company has about 88 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bangalore Metro Rail Corporation. As per MCA filings, the company has open charges of ₹500 Cr and satisfied charges of ₹1,400 Cr on record. Court records list 876 cases involving the company, including 107 filed by the company and 773 filed against it; 159 cases are pending. The company has 11 deals on record (8 funding rounds, 3 rights issues), with disclosed funding of ₹7,239.25 Cr; the latest was in September 2023. Its 3 peer companies in the Infrastructure industry (Railway Construction), with the same principal business activity (land transport via railways & pipelines) are compared by revenue, 1 larger and 2 smaller; the largest is Kutch Railway Company Limited with revenue of ₹1,379.69 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 english.bmrc.co.in.
Company details
CIN history
Bangalore Metro Rail Corporation has one previous CIN (Corporate Identification Number): U16286KA1994PLC016286. The current CIN is U16286KA1994GOI016286, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U16286KA1994GOI016286 | Current |
| U16286KA1994PLC016286 | Previous |
Contact details
Bangalore Metro Rail Corporation Limited's registered office is in Bangalore, Karnataka. Its website is english.bmrc.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressIII Floor Bmtc Complex Kengal Hanumanthaiah Road Bangalore, Karnataka, India – 560027
- IndustryInfrastructure and Utilities, Railway Infrastructure Development
To see the full contact details of Bangalore Metro Rail Corporation 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
Bangalore Metro Rail Corporation operates one associated brand: Bangalore Metro Rail Corporation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Urban rail transportation services in Bangalore. | bmrc.co.in |
Business activity
The main business activity of Bangalore Metro Rail Corporation is transport and storage. In detail, this covers land transport via railways & pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H2 | Land transport via Railways & Pipelines |
To see the full business activity and turnover split of Bangalore Metro Rail Corporation Limited, buy the company report.
Financials of Bangalore Metro Rail Corporation Limited
FY 2025 filings availableBangalore Metro Rail Corporation Limited reported revenue of ₹1,190.99 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 20% growth in the latest year. EBITDA rose 29% 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 | ₹484.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹624.69 Cr | ||||
| Balance Sheet | |||||
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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 | 40.7% | ||||
| Net Profit Margin | -52.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Bangalore Metro Rail Corporation Limited, buy the company report.
Board of directors and KMP of Bangalore Metro Rail Corporation Limited
Bangalore Metro Rail Corporation Limited currently reports 14 directors and 1 key managerial person. 73 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Seethapura Ramaiah Umashankar | Nominee Director | 08 Jul 2024 | 2 Years 4 Months | Current |
| Sivamathan Siddan | Whole-Time Director | 14 Sep 2021 | 5 Years 1 Months | Current |
| Muniappa Nagaraj | Nominee Director | 28 Jan 2020 | 6 Years 9 Months | Current |
| Sandeep Mathur | Nominee Director | 24 May 2022 | 4 Years 5 Months | Current |
| Ajit Sharma | Nominee Director | 20 Oct 2023 | 3 Years 0 Months | Current |
| Ekroop Caur | Nominee Director | 29 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Bangalore Metro Rail Corporation Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Railway Construction), with the same principal business activity (land transport via railways & pipelines), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kutch Railway Company Limited | ₹1,379.69 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India | |||
| Bangalore Metro Rail Corporation Limitedthis company | ₹1,190.99 Cr (FY 2025) | -₹624.69 Cr | -52.5% | 20.0% | 88 | Bangalore, Karnataka, India |
| L&T Metro Rail (Hyderabad) Limited | ₹1,112.66 Cr (FY 2025) | -21.0% | Hyderabad, Telangana, India | |||
| Adani Tracks Management Services Limited | ₹910.06 Cr (FY 2025) | 55.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Bangalore Metro Rail Corporation Limited, buy the company report.
Auditor
Bangalore Metro Rail Corporation Limited is audited by Dagliya & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dagliya & Co | FY 2023 | 000671S |
Shareholding
The shareholding of Bangalore Metro Rail Corporation 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 Bangalore Metro Rail Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2013 | 10473728 | Bank of India | ₹500 Cr | Open | |
| 21 Feb 2015 | 10564838 | Il & Fs Trust Company Limited | ₹300 Cr | Satisfied | |
| 04 Apr 2014 | 10501327 | Vijaya Bank | ₹75 Cr | Satisfied | |
| 03 Mar 2014 | 10493709 | Vijaya Bank | ₹25 Cr | Satisfied | |
| 31 Dec 2013 | 10473951 | Vijaya Bank | ₹50 Cr | Satisfied |
To see the full charge records of Bangalore Metro Rail Corporation Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Bangalore Metro Rail Corporation Limited has 11 deals on record (8 funding rounds, 3 rights issues), with disclosed funding of ₹7,239.25 Cr; the latest was in September 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Rights issue | ₹1,930.1 Cr | Investors: President Of India (Govt. Of India), an individual |
| Feb 2022 | Rights issue | ₹2,115.18 Cr | Investors: President Of India (Govt. Of India), an individual |
| Jul 2020 | Rights issue | ₹3,653.14 Cr | Investors: President Of India (Govt. Of India), an individual |
| May 2019 | Funding round | ₹1,415.52 Cr | Investors: President Of India (Govt. Of India), an individual |
| Aug 2017 | Funding round | ₹860.8 Cr | Investors: President Of India (Govt. Of India), an individual |
To see the full deal history of Bangalore Metro Rail Corporation 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
Bangalore Metro Rail Corporation Limited has 876 court cases on record: 107 filed by Bangalore Metro Rail Corporation, 773 filed against it. 159 cases are pending and 717 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 611 | 554 | 106 |
| District courts | 245 | 206 | 44 |
| Supreme Court | 20 | 13 | 9 |
Cases on record (5 of 876)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by M/S M Venkata Rao Infra Projects Pvt Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Decathlon Sports India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Navayuga Engineering Company Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Karnataka Commercial and Industrial Corporation Private Limited (Kcic) | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Uma Estates and Infrastructure Pvt Ltd | Pending |
To see the full case history of Bangalore Metro Rail Corporation 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
Bangalore Metro Rail Corporation Limited was last rated by Brickwork on 05 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 05 Apr 2022 |
To see the full credit ratings and regulatory alerts of Bangalore Metro Rail Corporation Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bangalore Metro Rail Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bangalore Metro Rail Corporation Limited has a workforce of 88 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Bangalore Metro Rail Corporation has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACB4881D1ZQ | Karnataka | Active | 01 Jul 2017 |
| 29AAACB4881D1DZ | Karnataka | Active | 29 Oct 2018 |
To see the full GST registrations and return filing status of Bangalore Metro Rail Corporation Limited, buy the company report.
Recent activity
Bangalore Metro Rail Corporation Limited has 87 board changes on record since 2008: 15 appointments and 72 cessations. The latest: Maheshwar Rao M ceased to be Managing Director on 18 Jul 2025.
95 earlier events are in the company report.
News
Frequently asked questions
Bangalore Metro Rail Corporation is an active public limited union government company based in Bangalore, Karnataka, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 21 September 1994 (32+ years old) and is registered under CIN U16286KA1994GOI016286.
Bangalore Metro Rail Corporation has 15 current directors and KMP:
- Ravi Shankar Jayaram - Managing Director
- Sivamathan Siddan - Whole-Time Director
- Sumit Bhatnagar - Whole-Time Director
- Nagsen Moreshwarrao Dhoke - Whole-Time Director
- Seethapura Ramaiah Umashankar - Nominee Director
- Muniappa Nagaraj - Nominee Director
- Sandeep Mathur - Nominee Director
- Ajit Sharma - Nominee Director
- Ekroop Caur - Nominee Director
- Ritesh Kumar Singh - Nominee Director
- Jaideep - Nominee Director
- Tushar Giri Nath - Nominee Director
- Rajendra Paulchamy Cholan - Nominee Director
- Katikithala Srinivas - Nominee Director
- Udupi Jagadish Nayak - Company Secretary
The latest financial statements of Bangalore Metro Rail Corporation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bangalore Metro Rail Corporation is 29AAACB4881D1ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAACB4881D1DZ (Karnataka).
The CIN (Corporate Identification Number) of Bangalore Metro Rail Corporation is U16286KA1994GOI016286. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bangalore Metro Rail Corporation has 876 court cases on record: 107 filed by the company and 773 filed against it. 159 are pending. Most are in the high courts.
Bangalore Metro Rail Corporation was incorporated on 21 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
Bangalore Metro Rail Corporation has 11 deals on record (8 funding rounds, 3 rights issues), with disclosed funding of ₹7,239.25 Cr; the latest was in September 2023.
The peers of Bangalore Metro Rail Corporation by revenue are Kutch Railway Company Limited, L&T Metro Rail (Hyderabad) Limited, Adani Tracks Management Services Limited, all in the Infrastructure industry (Railway Construction), with the same principal business activity (land transport via railways & pipelines).
Maheshwar Rao M ceased to be Managing Director on 18 Jul 2025. Ravi Shankar Jayaram was appointed as Managing Director on 18 Jul 2025. Radhakrishna Reddy ceased to be Whole-Time Director on 31 May 2025. Bangalore Metro Rail Corporation has 87 board changes on record in total.
Bangalore Metro Rail Corporation can be reached through the website english.bmrc.co.in. Its registered office is in Bangalore, Karnataka, India.
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