About Balaji Toll Road Private Limited
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Balaji Toll Road Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rideema Toll Private Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 08 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2010PTC203853. Its GSTIN is 27AAECB1507E2Z6 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹44.75 Cr. It was formerly known as Baramati Tollways Private Limited. It is led by directors Priya Shyamsunder Joshi and Subramany Padmanabhan.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹223.68 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.94 Cr (net margin 3.6%) and EBITDA of ₹71.41 Cr (EBITDA margin 31.9%). Revenue has grown at a compounded annual rate (CAGR) of 174% over three years and 86% over five years.
The company is associated with 1 brand: MEP Infrastructure Developers. As per MCA filings, the company has open charges of ₹130.41 Cr and satisfied charges of ₹50 Cr on record. The company has 3 deals on record (2 acquisitions, 1 rights issue); the latest was in March 2016. Its 7 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 2 smaller; the largest is Pra Hatibena Badakumari Expressway Private Limited with revenue of ₹226.76 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 mepinfra.com.
Company details
Contact details
Balaji Toll Road Private Limited's registered office is in Mumbai, Maharashtra. Its website is mepinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2102 Floor – 21st Plot – 62 Kesar Equinox Sir Bhalchandra Road Hindu Colony Dada, R (E), Mumbai, Maharashtra, India – 400014
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Balaji Toll Road Private 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
Balaji Toll Road operates one associated brand: MEP Infrastructure Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Road infrastructure development is focused on in India. | mepinfra.com |
Business activity
The main business activity of Balaji Toll Road 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 Balaji Toll Road Private Limited, buy the company report.
Financials of Balaji Toll Road Private Limited
FY 2023 filings availableBalaji Toll Road Private Limited reported revenue of ₹223.68 Cr (up 1568% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 86% over five years. EBITDA rose 552% 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
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| EBITDA | ₹71.41 Cr | ||||
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| Net Profit (PAT) | ₹7.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 31.9% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Balaji Toll Road Private Limited, buy the company report.
Board of directors of Balaji Toll Road Private Limited
Balaji Toll Road has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priya Shyamsunder Joshi | Director | 15 May 2015 | 11 Years 5 Months | Current |
| Subramany Padmanabhan Also directs: Mep Chennai Bypass Toll Road Private Limited, Mep Roads & Bridges Private Limited, Mep Tormato Private Limited and 2 more | Director | 15 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Balaji Toll Road Private 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 |
|---|---|---|---|---|---|---|
| Pra Hatibena Badakumari Expressway Private Limited | ₹226.76 Cr (FY 2025) | -13.0% | Raipur, Chhattisgarh, India | |||
| High Grade Infra Projects Private Limited | ₹225.49 Cr (FY 2025) | 21.0% | Jaipur, Rajasthan, India | |||
| Dineshchandra Yamuna Infra Private Limited | ₹225.32 Cr (FY 2025) | -68.0% | Ahmedabad, Gujarat, India | |||
| Rkscpl Highway Private Limited | ₹223.96 Cr (FY 2025) | -7.0% | Ranchi, Jharkhand, India | |||
| Sms-Aabs India Tollways Private Limited | ₹223.75 Cr (FY 2025) | -41.0% | Indore, Madhya Pradesh, India | |||
| Balaji Toll Road Private Limitedthis company | ₹223.68 Cr (FY 2023) | ₹7.94 Cr | 3.6% | 1568.0% | Mumbai, Maharashtra, India | |
| Bijapur-Hungund Tollway Private Limited | ₹220.81 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Meil Pileru Kalur Roadways Private Limited | ₹217.42 Cr (FY 2025) | 121.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Balaji Toll Road Private Limited, buy the company report.
Auditor
Balaji Toll Road Private Limited is audited by G. D. Apte & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. D. Apte & Co. | FY 2022 | 100515W |
Shareholding
The shareholding of Balaji Toll Road Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Balaji Toll Road Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2018 | 100173234 | Others | ₹71 Cr | Open | |
| 02 Jul 2011 | 10301723 | Others | ₹59.41 Cr | Open | |
| 19 Aug 2015 | 10595116 | Ifci Limited | ₹50 Cr | Satisfied |
To see the full charge records of Balaji Toll Road Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Balaji Toll Road Private Limited has 3 deals on record (2 acquisitions, 1 rights issue); the latest was in March 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Rights issue | ₹14.75 Cr | Investors: Rideema Toll Private Limited |
| Mar 2014 | Acquisition | ₹29.99 Cr | Buyer: Rideema Toll Private Limited |
| Feb 2011 | Acquisition | Undisclosed | Buyer: Rideema Toll Private Limited Seller: Pratibha Industries Limited , Kakade Infrastructure Private 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 Balaji Toll Road Private 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
Balaji Toll Road Private Limited was last rated by Icra on 22 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jul 2021 |
To see the full credit ratings and regulatory alerts of Balaji Toll Road Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balaji Toll Road Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balaji Toll Road has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB1507E2Z6 | Maharashtra | Active | 17 Feb 2022 |
To see the full GST registrations and return filing status of Balaji Toll Road Private Limited, buy the company report.
Recent activity
Balaji Toll Road Private Limited has 12 board changes on record since 2011: 2 appointments and 10 cessations. The latest: Pritesh Kishore Jhaveri ceased to be Company Secretary on 31 Oct 2020.
9 earlier events are in the company report.
News
Frequently asked questions
Balaji Toll Road is an active private 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 08 June 2010 (16+ years old) and is registered under CIN U45203MH2010PTC203853.
Balaji Toll Road has 2 current directors:
- Priya Shyamsunder Joshi - Director
- Subramany Padmanabhan - Director
The latest financial statements of Balaji Toll Road on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Balaji Toll Road is 27AAECB1507E2Z6, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Balaji Toll Road is U45203MH2010PTC203853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Toll Road was incorporated on 08 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Balaji Toll Road has 3 deals on record (2 acquisitions, 1 rights issue); the latest was in March 2016.
The peers of Balaji Toll Road by revenue are Pra Hatibena Badakumari Expressway Private Limited, High Grade Infra Projects Private Limited, Dineshchandra Yamuna Infra Private Limited, Rkscpl Highway Private Limited, Sms-Aabs India Tollways Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Pritesh Kishore Jhaveri ceased to be Company Secretary on 31 Oct 2020. Priya Shyamsunder Joshi ceased to be Additional Director on 21 Sep 2015. Subramany Padmanabhan ceased to be Additional Director on 21 Sep 2015. Balaji Toll Road has 12 board changes on record in total.
Balaji Toll Road can be reached through the website mepinfra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Balaji Toll Road is at 2102 Floor – 21st Plot – 62 Kesar Equinox Sir Bhalchandra Road Hindu Colony Dada, R E, Mumbai, Maharashtra, India – 400014.
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