About Barwa Adda Expressway Limited
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Barwa Adda Expressway Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Il&Fs Transportation Networks Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 23 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2013PLC242336. Its GSTIN is 27AAFCB4910Q1ZC (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹335 Cr and a paid-up capital of ₹243.5 Cr. It is led by directors including Sunil Hemchand Patel and Chandrashekar Shivalingappa Payannavar.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,244.6 Cr, a growth of 127% compared to the previous year. For the same year it recorded a net loss of ₹73.01 Cr (net margin -5.9%) and EBITDA of ₹885.55 Cr (EBITDA margin 71.2%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹1,424.68 Cr on record. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹243.45 Cr; the latest was in August 2024. Its 9 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 4 larger and 5 smaller; the largest is Bhartia Infra Projects Limited with revenue of ₹1,355.65 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itnlindia.com.
Company details
Contact details
Barwa Adda Expressway Limited's registered office is in Mumbai, Maharashtra. Its website is itnlindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Barwa Adda Expressway 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
Business activity
The main business activity of Barwa Adda Expressway 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 Barwa Adda Expressway Limited, buy the company report.
Financials of Barwa Adda Expressway Limited
FY 2025 filings availableBarwa Adda Expressway Limited reported revenue of ₹1,244.6 Cr (up 127% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 127% growth in the latest year. EBITDA rose 177% 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 | ₹885.55 Cr | ||||
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| Net Profit (PAT) | -₹73.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 71.2% | ||||
| Net Profit Margin | -5.9% | ||||
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To see the full financial statements and ratios of Barwa Adda Expressway Limited, buy the company report.
Board of directors and KMP of Barwa Adda Expressway Limited
Barwa Adda Expressway Limited currently reports 5 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Hemchand Patel Also directs: Manoj Ceramic Limited, Pune Sholapur Road Development Company Limited, Suba Hotels Limited and 5 more | Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Danny Samuel | Nominee Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Chandrashekar Shivalingappa Payannavar Also directs: Manoj Ceramic Limited, Pune Sholapur Road Development Company Limited, Invade Agro Limited and 3 more | Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Sachin Suresh Joshi | Nominee Director | 24 Mar 2022 | 4 Years 7 Months | Current |
| Jyotsna Shyamkant Matondkar Also directs: Pune Sholapur Road Development Company Limited, Sikar Bikaner Highway Limited, Hazaribagh Ranchi Expressway Limited and 1 more | Nominee Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Amit Kumar Agarwal Also directs: Fagne Songadh Expressway Limited | Cfo | 11 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Barwa Adda Expressway Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Bhartia Infra Projects Limited | ₹1,355.65 Cr (FY 2025) | -22.0% | Guwahati, Assam, India | |||
| KMC Infratech Limited | ₹1,343.8 Cr (FY 2024) | 646.0% | Hyderabad, Telangana, India | |||
| Rkcpl Limited | ₹1,276.69 Cr (FY 2025) | 15.0% | Panchkula, Haryana, India | |||
| RKC Infrabuilt Private Limited | ₹1,258.81 Cr (FY 2025) | -14.0% | Ahmedabad, Gujarat, India | |||
| Barwa Adda Expressway Limitedthis company | ₹1,244.6 Cr (FY 2025) | -₹73.01 Cr | -5.9% | 127.0% | Mumbai, Maharashtra, India | |
| Barbrik Project Limited | ₹1,117.3 Cr (FY 2024) | 28.0% | Surajpur Surguja, Chhattisgarh, India | |||
| DCC Infra Projects Limited | ₹1,106.03 Cr (FY 2025) | -4.0% | Kaithal, Haryana, India | |||
| T and T Infra Limited | ₹1,029.01 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Nhit Western Projects Private Limited | ₹1,024.06 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Varaha Infra Limited | ₹1,005.07 Cr (FY 2024) | -2.0% | Jodhpur, Rajasthan, India |
To see the full peer comparison of Barwa Adda Expressway Limited, buy the company report.
Auditor
Barwa Adda Expressway Limited is audited by MKPS & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & Associates | FY 2023 | 302014E |
Shareholding
The shareholding of Barwa Adda Expressway 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 Barwa Adda Expressway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2024 | 101031695 | Others | ₹524.68 Cr | Open | |
| 10 Feb 2017 | 100079065 | Others | ₹900 Cr | Open |
To see the full charge records of Barwa Adda Expressway Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Barwa Adda Expressway Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹243.45 Cr; the latest was in August 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Secondary share transfer | Undisclosed | Buyer: Il&fs Transportation Networks Limited & Jyotsna Matondkar Seller: Il&fs Transportation Networks Limited & Dilip Bhatia |
| Dec 2017 | Funding round | ₹60.75 Cr | Investors: Il&Fs Transportation Networks Limited |
| May 2016 | Funding round | ₹97.75 Cr | Investors: Il&Fs Transportation Networks Limited |
| Jul 2013 | Funding round | ₹84.95 Cr | Investors: Il&Fs Transportation Networks Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Barwa Adda Expressway Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Barwa Adda Expressway Limited was last rated by Indiarating on 08 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 08 Sep 2021 |
To see the full credit ratings and regulatory alerts of Barwa Adda Expressway Limited, buy the company report.
MSME payment delays
Barwa Adda Expressway Limited has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vistra Itcl (India) Limited |
To see the full MSME payment records of Barwa Adda Expressway Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Barwa Adda Expressway has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCB4910Q1ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCB4910Q2ZB | Maharashtra | Active | 01 Apr 2025 |
| 19AAFCB4910Q1Z9 | West Bengal | Active | 01 Jul 2017 |
| 20AAFCB4910Q1ZQ | Jharkhand | Active | 26 Sep 2017 |
To see the full GST registrations and return filing status of Barwa Adda Expressway Limited, buy the company report.
Recent activity
Barwa Adda Expressway Limited has 24 board changes on record since 2015: 6 appointments and 18 cessations. The latest: Chandrashekar Shivalingappa Payannavar ceased to be Additional Director on 07 Nov 2024.
18 earlier events are in the company report.
Frequently asked questions
Barwa Adda Expressway 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 23 April 2013 (13+ years old) and is registered under CIN U45400MH2013PLC242336.
Barwa Adda Expressway has 6 current directors and KMP:
- Sunil Hemchand Patel - Director
- Danny Samuel - Nominee Director
- Chandrashekar Shivalingappa Payannavar - Director
- Sachin Suresh Joshi - Nominee Director
- Jyotsna Shyamkant Matondkar - Nominee Director
- Amit Kumar Agarwal - Cfo
The latest financial statements of Barwa Adda Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Barwa Adda Expressway is 27AAFCB4910Q1ZC, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAFCB4910Q2ZB (Maharashtra), 19AAFCB4910Q1Z9 (West Bengal), 20AAFCB4910Q1ZQ (Jharkhand).
The CIN (Corporate Identification Number) of Barwa Adda Expressway is U45400MH2013PLC242336. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Barwa Adda Expressway was incorporated on 23 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Barwa Adda Expressway has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹243.45 Cr; the latest was in August 2024.
The peers of Barwa Adda Expressway by revenue are Bhartia Infra Projects Limited, KMC Infratech Limited, Rkcpl Limited, RKC Infrabuilt Private Limited, Barbrik Project Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Chandrashekar Shivalingappa Payannavar ceased to be Additional Director on 07 Nov 2024. Sunil Hemchand Patel ceased to be Additional Director on 07 Nov 2024. Chandrashekar Shivalingappa Payannavar was appointed as Director on 18 Oct 2024. Barwa Adda Expressway has 24 board changes on record in total.
Barwa Adda Expressway has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 17 Nov 2021.
Barwa Adda Expressway can be reached through the website itnlindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Barwa Adda Expressway is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
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