About Devanahalli Tollway Private Limited
Data last updated:
Devanahalli Tollway Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Express Toll Roads Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 22 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U45203TG2010PTC067113. Its GSTIN is 29AADCN2001N1ZI (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.3 Cr. It was formerly known as Navayuga Devanahalli Tollway Private Limited and Essel Devanhalli Tollway Private Limited. It is led by directors including Anuj Maitrey and Ravindranath Karati.
Its last annual general meeting (AGM) was held on 30 April 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹357.58 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹157.65 Cr (net margin 44.1%) and EBITDA of ₹260.86 Cr (EBITDA margin 73%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 13% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,078.83 Cr and satisfied charges of ₹1,119 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company. The company has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹163.57 Cr; the latest was in June 2021. Its 10 peer companies in the Infrastructure industry (Roads and Bridges) are compared by revenue, 5 larger and 5 smaller; the largest is Calicut Expressway Private Limited with revenue of ₹363.21 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2022, listing 62 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esselgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3rd Floor Gmr Aero Towers – 2, Mamidipally Village Rangareddy, Hyderabad, Telangana, India – 500108
- IndustryInfrastructure and Utilities, Road & Bridge Construction
- 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
- One PDF report, delivered after checkout
Business Activity of Devanahalli Tollway Private Limited
The main business activity of Devanahalli Tollway is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Devanahalli Tollway Private Limited FY 2025 filings available
Devanahalli Tollway Private Limited reported revenue of ₹357.58 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Devanahalli Tollway Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 10% growth in the latest year. EBITDA fell 8% 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 of Devanahalli Tollway Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹260.86 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹157.65 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 of Devanahalli Tollway Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 44.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Devanahalli Tollway are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Roads and Bridges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Calicut Expressway Private Limited | ₹363.21 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Hyderabad, Telangana, India |
| GR Govindpur Rajura Highway Private Limited | ₹361.91 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Udaipur, Rajasthan, India |
| GKC Projects Limited | ₹360.17 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Hyderabad, Telangana, India |
| H.G. Karnal-Ringroad Private Limited | ₹359.47 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | Jodhpur, Rajasthan, India |
| Igatpuri Highway Private Limited | ₹357.68 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Devanahalli Tollway Private Limited this company | ₹357.58 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| BG Bhadrak Baleshwar Highway Private Limited | ₹356.21 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | New Delhi, Delhi, India |
| Ulccs Kasaragod Expressway Private Limited | ₹355.48 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Kozhikode, Kerala, India |
| Dhatarwal Construction Company Private Limited | ₹354.56 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bhiwani, Haryana, India |
| Prayagraj Kaushambi Highway Package 3 Private Limited | ₹354.54 Cr (FY 2025) | •••• | •••• | 1270.0% | •••• | New Delhi, Delhi, India |
| Himalayan Infracorp Private Limited | ₹353.75 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Hansi, Haryana, India |
Peers are the five companies nearest above and the five nearest below Devanahalli Tollway by revenue in the Infrastructure industry (Roads and Bridges), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited is audited by Nangia & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nangia & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Devanahalli Tollway Private Limited
Devanahalli Tollway has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuj Maitrey | Additional Director | 05 Jun 2025 | 1 Years 4 Months | Current |
| Ravindranath Karati | Additional Director | 05 Jun 2025 | 1 Years 4 Months | Current |
| Shreedhar Narayan | Additional Director | 05 Jun 2025 | 1 Years 4 Months | Current |
| Gaurav Tyagi | Additional Director | 01 Dec 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Devanahalli Tollway Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Devanahalli Tollway Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2025 | Idbi Trusteeship Services Limited | ₹394 Cr | Open |
| 12 Apr 2022 | Others | ₹534.83 Cr | Open |
| 28 Sep 2015 | Idbi Trusteeship Services Limited | ₹150 Cr | Open |
| 28 Sep 2015 | Idbi Trusteeship Services Limited | ₹459 Cr | Satisfied |
| 12 Jan 2011 | Sbicap Trustee Company Limited | ₹660 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹163.57 Cr; the latest was in June 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Express Toll Roads Limited & Smart Personnel Management Services Private Limited, Express Toll Roads Limited & Essel Highways Limited, Express Toll Roads Limited & Essel MSW Energia Limited Seller: Navayuga Road Projects Private Limited , Express Toll Roads Limited Beneficial Owner Essel Highways Limted |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Express Toll Roads Limited Beneficial Owner Essel Highways Limted Seller: Navayuga Engineering Company Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Navayuga Engineering Company Limited Seller: Navayuga Road Projects Private Limited |
| Mar 2013 | Funding round | ₹1.67 Cr | Investors: Navayuga Engineering Company Limited , Navayuga Road Projects Private Limited |
| Nov 2010 | Funding round | ₹126.9 Cr | Investors: Navayuga Road Projects Private Limited , Navayuga Engineering Company Limited |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited has 6 court cases on record: 3 filed by Devanahalli Tollway, 3 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
Cases on record (3 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against National Highways Authority of India & Anr | Disposed |
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
MSME Payment Delays by Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 62 overdue payments to 24 micro and small suppliers. 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 (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V R Techniche Consultants Private Limited | •••• | •••• | •••• |
| BK Infrasys Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Efkon India Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited has a workforce of 19 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Devanahalli Tollway Private Limited
Devanahalli Tollway has undergone 3 name changes throughout its history. The company was previously known as Navayuga Devanahalli Tollway Private Limited, Essel Devanhalli Tollway Private Limited, and Devanahalli Tollway Private Limited. The current legal name is Devanahalli Tollway Private Limited.
| Company Name | Status |
|---|---|
| Devanahalli Tollway Private Limited | Current |
| Navayuga Devanahalli Tollway Private Limited | Previous |
| Essel Devanhalli Tollway Private Limited | Previous |
CIN History of Devanahalli Tollway Private Limited
Devanahalli Tollway has one previous CIN (Corporate Identification Number): U45203AP2010PTC067113. The current CIN is U45203TG2010PTC067113, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203TG2010PTC067113 | Current |
| U45203AP2010PTC067113 | Previous |
Recent Activity on Devanahalli Tollway Private Limited
Devanahalli Tollway Private Limited has 24 board changes on record since 2015: 4 appointments and 20 cessations. The latest: Gaurav Tyagi was appointed as Additional Director on 01 Dec 2025.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Devanahalli Tollway Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devanahalli Tollway Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Devanahalli Tollway Private Limited
Devanahalli Tollway has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCN2001N1ZI | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Devanahalli Tollway Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Devanahalli Tollway Private Limited
Devanahalli Tollway is an active private limited company based in Hyderabad, Telangana, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 22 February 2010 (16+ years old) and is registered under CIN U45203TG2010PTC067113.
Devanahalli Tollway reported revenue of ₹357.58 Cr for FY 2025 (up 10% YoY).
Devanahalli Tollway has 4 current directors:
- Anuj Maitrey - Additional Director
- Ravindranath Karati - Additional Director
- Shreedhar Narayan - Additional Director
- Gaurav Tyagi - Additional Director
Devanahalli Tollway reported a net profit of ₹157.65 Cr (net margin 44.1%) and EBITDA of ₹260.86 Cr (EBITDA margin 73%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devanahalli Tollway is 36% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devanahalli Tollway is 29AADCN2001N1ZI, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Devanahalli Tollway is U45203TG2010PTC067113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devanahalli Tollway has 6 court cases on record: 3 filed by the company.
Devanahalli Tollway was incorporated on 22 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
Devanahalli Tollway has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹163.57 Cr; the latest was in June 2021.
The peers of Devanahalli Tollway by revenue are Calicut Expressway Private Limited, GR Govindpur Rajura Highway Private Limited, GKC Projects Limited, H.G. Karnal-Ringroad Private Limited, Igatpuri Highway Private Limited and 5 more, all in the Infrastructure industry (Roads and Bridges).
Gaurav Tyagi was appointed as Additional Director on 01 Dec 2025. Anuj Maitrey was appointed as Additional Director on 05 Jun 2025. Ravindranath Karati was appointed as Additional Director on 05 Jun 2025. Devanahalli Tollway has 24 board changes on record in total.