DBL Sitamau-Suwasara Tollways Private Limited
About DBL Sitamau-Suwasara Tollways Private Limited
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DBL Sitamau-Suwasara Tollways Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shrem Roadways Private Limited. It operates in the utility projects segment of the construction sector. It was incorporated on 29 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2011PTC381476. Its GSTIN is 23AAECD0387N1ZI (Madhya Pradesh).
The company has an authorised share capital of ₹7.75 Cr and a paid-up capital of ₹6.13 Cr. It is led by directors Praveen Kumar Ostwal and Piyush Sheetalchand Jain.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1001 10th Floor Viraj Towers Jn. Of Andheri Kurla Road, W. E. Highway Andheri (East) Mumbai – 400093, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.59 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.6 Cr (net margin 28.7%) and EBITDA of ₹3.99 Cr (EBITDA margin 71.4%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 6% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24.92 Cr and satisfied charges of ₹8,499.57 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
DBL Sitamau-Suwasara Tollways has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45200MH2011PTC381476, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2011PTC381476 | Current |
| U45200MH2011PLC381476 | Previous |
| U45200MP2011PLC027212 | Previous |
Contact details
DBL Sitamau-Suwasara Tollways Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1001 10th Floor Viraj Towers Jn. Of Andheri Kurla Road, W. E. Highway Andheri (East) Mumbai – 400093, Maharashtra, India – 400093
- IndustryConstruction, Utility Projects, Roads, Railways
To see the full contact details of DBL Sitamau-Suwasara Tollways 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
Business activity
The main business activity of DBL Sitamau-Suwasara Tollways 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 DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
Financials of DBL Sitamau-Suwasara Tollways Private Limited
FY 2025 filings availableDBL Sitamau-Suwasara Tollways Private Limited reported revenue of ₹5.59 Cr (down 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 20% fall in the latest year. EBITDA fell 27% 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 | ₹3.99 Cr | ||||
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| Net Profit (PAT) | ₹1.6 Cr | ||||
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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 | 71.4% | ||||
| Net Profit Margin | 28.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
Board of directors of DBL Sitamau-Suwasara Tollways Private Limited
DBL Sitamau-Suwasara Tollways has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Kumar Ostwal Also directs: Avyukta Investments and Advisors LLP, PSV Managements and Services LLP, Kekarav Homes LLP and 5 more | Director | 07 Jan 2021 | 5 Years 10 Months | Current |
| Piyush Sheetalchand Jain | Director | 15 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
DBL Sitamau-Suwasara Tollways Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| GBNR Infrastructure Private Limited | ₹5.67 Cr (FY 2025) | 87.0% | Udaipur, Rajasthan, India | |||
| KMC Road Holdings Private Limited | ₹5.65 Cr (FY 2021) | Hyderabad, Telangana, India | ||||
| RKC Infrabuilt (Tarapur-Khambhat) Road Project Private Limited | ₹5.64 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| DBL Sitamau-Suwasara Tollways Private Limitedthis company | ₹5.59 Cr (FY 2025) | ₹1.6 Cr | 28.7% | -20.0% | 17 | Mumbai, Maharashtra, India |
| Udit Betul Paratwara Pathways Private Limited | ₹5.56 Cr (FY 2025) | 0.0% | Rewa, Madhya Pradesh, India | |||
| Nanna Infra Projects Private Limited | ₹5.53 Cr (FY 2018) | 53.0% | Vijayawada, Andhra Pradesh, India | |||
| Shapoorji Pallonji Roads Private Limited | ₹5.53 Cr (FY 2022) | 6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
Auditor
DBL Sitamau-Suwasara Tollways Private Limited is audited by MUKUND M CHITALE & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND M CHITALE & CO | FY 2021 | 106655W |
Shareholding
The shareholding of DBL Sitamau-Suwasara Tollways Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2023 | 100767305 | Sbicap Trustee Company Limited | ₹860 Cr | Satisfied | |
| 12 Oct 2022 | 100624916 | Sbicap Trustee Company Limited | ₹4,086 Cr | Satisfied | |
| 23 Jul 2021 | 100473499 | Sbicap Trustee Company Limited | ₹3,431 Cr | Satisfied | |
| 23 Jul 2021 | 100479946 | Others | ₹24.92 Cr | Satisfied | |
| 06 Feb 2015 | 10558534 | Pnb Investment Services Limited | ₹48 Cr | Satisfied |
To see the full charge records of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving DBL Sitamau-Suwasara Tollways 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
DBL Sitamau-Suwasara Tollways Private Limited was last rated by Care on 28 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Dec 2020 |
To see the full credit ratings and regulatory alerts of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for DBL Sitamau-Suwasara Tollways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
DBL Sitamau-Suwasara Tollways Private Limited has a workforce of 17 employees on its EPFO records as of Mar 2018.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 17 |
| FY 2016-17 |
To see the full employee and EPFO history of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
GST
DBL Sitamau-Suwasara Tollways has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAECD0387N1ZI | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of DBL Sitamau-Suwasara Tollways Private Limited, buy the company report.
Recent activity
DBL Sitamau-Suwasara Tollways Private Limited has 14 board changes on record since 2015: 2 appointments and 12 cessations. The latest: Praveen Kumar Ostwal ceased to be Additional Director on 30 Nov 2021.
17 earlier events are in the company report.
Frequently asked questions
DBL Sitamau-Suwasara Tollways is an active private limited company based in Mumbai, Maharashtra, India. The company works in utility projects, within the construction industry. It was incorporated on 29 November 2011 (15+ years old) and is registered under CIN U45200MH2011PTC381476.
DBL Sitamau-Suwasara Tollways has 2 current directors:
- Praveen Kumar Ostwal - Director
- Piyush Sheetalchand Jain - Director
The latest financial statements of DBL Sitamau-Suwasara Tollways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of DBL Sitamau-Suwasara Tollways is 23AAECD0387N1ZI, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of DBL Sitamau-Suwasara Tollways is U45200MH2011PTC381476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DBL Sitamau-Suwasara Tollways was incorporated on 29 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of DBL Sitamau-Suwasara Tollways by revenue are GBNR Infrastructure Private Limited, KMC Road Holdings Private Limited, RKC Infrabuilt (Tarapur-Khambhat) Road Project Private Limited, Udit Betul Paratwara Pathways Private Limited, Nanna Infra Projects Private Limited and 1 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Praveen Kumar Ostwal ceased to be Additional Director on 30 Nov 2021. Praveen Kumar Ostwal was appointed as Director on 07 Jan 2021. Raja Ghosh ceased to be Director on 07 Jan 2021. DBL Sitamau-Suwasara Tollways has 14 board changes on record in total.
The registered office of DBL Sitamau-Suwasara Tollways is at 1001 10th Floor Viraj Towers Jn. Of Andheri Kurla Road, W. E. Highway Andheri East Mumbai – 400093, Maharashtra, India – 400093.
DBL Sitamau-Suwasara Tollways operates in the construction industry, in the utility projects segment.
DBL Sitamau-Suwasara Tollways has open charges of ₹24.92 Cr and satisfied charges of ₹8,499.57 Cr as per latest MCA filings.
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