CG Tollway Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U45200MH2016PLC286895 Incorporated 18 October 2016 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company infrastructure and utilities
Data last updated
Revenue · FY 2025
₹129.62 Cr
▲ 1% YoY
Net loss · FY 2025
₹121.71 Cr
Net margin -93.9%
EBITDA · FY 2025
₹75.17 Cr
EBITDA margin 58%
Authorised capital
₹203.5 Cr
Registered with MCA
Paid-up capital
₹203.5 Cr
Issued & subscribed
Open charges
₹1,400 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
220
Provident fund records

About CG Tollway Limited

Data last updated:

CG Tollway Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 18 October 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2016PLC286895. Its GSTIN is 27AAGCC6807L1ZC (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹203.5 Cr and a paid-up capital of ₹203.5 Cr. It was formerly known as Cg Tollway Private Limited. It is led by directors including Shilpa Chandrashekhar Todankar and Darshan Suryakant Sangurdekar.

Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1101 Hiranandani Knowledge Park, Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹129.62 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹121.71 Cr (net margin -93.9%) and EBITDA of ₹75.17 Cr (EBITDA margin 58%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.

The company has about 220 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: IRB Infrastructure Developers. As per MCA filings, the company has open charges of ₹1,400 Cr on record. Court records list 23 cases involving the company, including 19 filed by the company and 4 filed against it; 5 cases are pending. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2020. 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 Suryapet Khammam Road Private Limited with revenue of ₹131 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 irb.co.in.

Company details

CIN U45200MH2016PLC286895
Registration Number 286895
Incorporation Date 18 October 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN history

CG Tollway has one previous CIN (Corporate Identification Number): U45200MH2016PTC286895. The current CIN is U45200MH2016PLC286895, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U45200MH2016PLC286895Current
U45200MH2016PTC286895Previous

Contact details

CG Tollway Limited's registered office is in Mumbai, Maharashtra. Its website is irb.co.in. Its e-mail address is in the company report.

  • Email
  • Website
  • Registered Address
    Off No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Hill Side Avenue Powa, I, Mumbai, Maharashtra, India – 400076
  • Industry
    Infrastructure and Utilities, Road & Bridge Construction

To see the full contact details of CG Tollway Limited, buy the company report.

Comprehensive company report
CG Tollway Limited - one report that includes everything
  • 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
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Brands

CG Tollway operates one associated brand: IRB Infrastructure Developers. Each brand links to its own profile.

BrandDescriptionWebsite
Provider of infrastructure development servicesirb.co.in

Business activity

The main business activity of CG Tollway is construction. In detail, this covers roads, railways, utility projects.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF2Roads, railways, Utility projects

To see the full business activity and turnover split of CG Tollway Limited, buy the company report.

Financials of CG Tollway Limited

FY 2025 filings available

CG Tollway Limited reported revenue of ₹129.62 Cr (up 1% YoY) for FY 2025.

Revenue · FY 2025
₹129.62 Cr ▲ 1%
Net loss · FY 2025
₹121.71 Cr margin -93.9%
EBITDA · FY 2025
₹75.17 Cr margin 58%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 14%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 20%
5 years · compounded
▼ 13%

Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA fell 3% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹75.17 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹121.71 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin58%
Net Profit Margin-93.9%
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 CG Tollway Limited, buy the company report.

Board of directors of CG Tollway Limited

CG Tollway has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shilpa Chandrashekhar TodankarDirector26 Feb 20206 Years 7 MonthsCurrent
Darshan Suryakant SangurdekarDirector19 Oct 20197 Years 0 MonthsCurrent
Abhay Prabhakar PhatakDirector09 Mar 20224 Years 7 MonthsCurrent
Chandrashekhar Shankarrao KaptanDirector26 Feb 20206 Years 7 MonthsCurrent

Peer comparison

CG Tollway 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Suryapet Khammam Road Private Limited₹131 Cr (FY 2025)-16.0%Ahmedabad, Gujarat, India
Naraindas Construction Pvt Ltd₹130.57 Cr (FY 2025)25.0%Kolkata, West Bengal, India
GMR Hyderabad Vijayawada Expressways Private Limited₹130.49 Cr (FY 2025)-73.0%Bangalore, Karnataka, India
J. K. Engicon Private Limited₹129.79 Cr (FY 2025)51.0%Chapra, Bihar, India
CG Tollway Limitedthis company₹129.62 Cr (FY 2025)-₹121.71 Cr-93.9%1.0%220Mumbai, Maharashtra, India
DS Toll Road Limited₹129.43 Cr (FY 2025)30.0%Mumbai, Maharashtra, India
GMR Highways Limited₹129.42 Cr (FY 2025)-28.0%Mumbai, Maharashtra, India
Srinagar Banihal Expressway Limited₹129.14 Cr (FY 2025)-6.0%Hyderabad, Telangana, India
Balaji D. Ajmer Highways Private Limited₹129.01 Cr (FY 2025)35.0%Ajmer, Rajasthan, India
Shreenathji-Udaipur Tollway Private Limited₹128.65 Cr (FY 2025)7.0%Chennai, Tamil Nadu, India

To see the full peer comparison of CG Tollway Limited, buy the company report.

Auditor

CG Tollway Limited is audited by GOKHALE & SATHE for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GOKHALE & SATHEFY 2023103264W

Shareholding

The shareholding of CG Tollway Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of CG Tollway Limited, buy the company report.

Charges & borrowings

Open charges
₹1,400 Cr
Satisfied charges
None
Breakdown by lending institutions
Sbicap Trustee Company Limited₹1,400.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Feb 2018100155303Sbicap Trustee Company Limited₹1,400 CrOpen

To see the full charge records of CG Tollway Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

CG Tollway Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2020.

Total deals
3
Rights issues
2
Secondary share transfer
1

Deals on record (3 of 3)

WhenDealAmountParties
Mar 2020Secondary share transferUndisclosedBuyer: IRB Infrastructure Trust
Seller: Irb Infrastructure Developers Limited
Mar 2020Rights issue₹61.05 CrInvestors: IRB Infrastructure Trust
Nov 2017Rights issue₹142.4 CrInvestors: Irb Infrastructure Developers Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

CG Tollway Limited was last rated by Care on 31 Mar 2026.

Rating agencyRated onRating
Care31 Mar 2026

To see the full credit ratings and regulatory alerts of CG Tollway Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for CG Tollway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

CG Tollway Limited has a workforce of 220 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
220
Active EPFO establishments
1
Employee growth
-47.24%

GST

CG Tollway has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAGCC6807L1ZCMaharashtraActive01 Jul 2017
08AAGCC6807L1ZCRajasthanActive13 Sep 2017

To see the full GST registrations and return filing status of CG Tollway Limited, buy the company report.

Recent activity

CG Tollway Limited has 15 board changes on record since 2018: 4 appointments and 11 cessations. The latest: Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022.

AGM
Cg Tollway Limited last Annual general meeting of members was held on 22 Jul 2025 as per latest MCA records.
Filing
Cg Tollway Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 1,400.00 Cr registered on 16 Feb 2018 with Charge ID 100155303 was modified on 14 Feb 2023.
Ceased
Abhay Prabhakar Phatak ceased to be Additional Director.
Appointed
Abhay Prabhakar Phatak was appointed as Director.
Ceased
Chandrashekhar Shankarrao Kaptan ceased to be Additional Director.
Ceased
Darshan Suryakant Sangurdekar ceased to be Additional Director.
Ceased
Shilpa Chandrashekhar Todankar ceased to be Additional Director.
Ceased
Anilkumar Dayashankar Yadav ceased to be CFO.
Appointed
Chandrashekhar Shankarrao Kaptan was appointed as Director.
Ceased
Kshama Amit Vengsarkar ceased to be Director.
Ceased
Naresh Kumar Taneja ceased to be Director.

8 earlier events are in the company report.

Frequently asked questions

CG Tollway 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 18 October 2016 (10+ years old) and is registered under CIN U45200MH2016PLC286895.

CG Tollway has 4 current directors:

The latest financial statements of CG Tollway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from FY 2017 are in the company report.

The GSTIN of CG Tollway is 27AAGCC6807L1ZC, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AAGCC6807L1ZC (Rajasthan).

The CIN (Corporate Identification Number) of CG Tollway is U45200MH2016PLC286895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

CG Tollway has 23 court cases on record: 19 filed by the company and 4 filed against it. 5 are pending. Most are in the high courts.

CG Tollway was incorporated on 18 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.

CG Tollway has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in March 2020.

The peers of CG Tollway by revenue are Suryapet Khammam Road Private Limited, Naraindas Construction Pvt Ltd, GMR Hyderabad Vijayawada Expressways Private Limited, J. K. Engicon Private Limited, DS Toll Road Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).

Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022. Abhay Prabhakar Phatak was appointed as Director on 09 Mar 2022. Chandrashekhar Shankarrao Kaptan ceased to be Additional Director on 11 Sep 2020. CG Tollway has 15 board changes on record in total.

CG Tollway can be reached through the website irb.co.in. Its registered office is in Mumbai, Maharashtra, India.