DS Toll Road Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U23300MH2005PLC154360 Incorporated 29 June 2005 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company infrastructure and utilities
Revenue · FY 2025
₹129.43 Cr
▲ 30% YoY
Net loss · FY 2025
₹55.62 Cr
Net margin -43%
EBITDA · FY 2025
-₹42.36 Cr
EBITDA margin -32.7%
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹5.21 Cr
Issued & subscribed
Open charges
₹382 Cr
Satisfied ₹664 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
10
Provident fund records

About DS Toll Road Limited

Data last updated:

DS Toll Road Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Infrastructure Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 29 June 2005 and has been in existence for over 21 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23300MH2005PLC154360. Its GSTIN is 33AADCR0415N1ZJ (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹5.21 Cr. It was formerly known as Reliance Fuel Management Limited. It is led by directors including Deepak Singh Bisht and Shailendra Hastimal Jain.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Reliance Centre 19 Walchand Hirachand Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.

As per the financials filed for FY 2025, the company reported a revenue of ₹129.43 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹55.62 Cr (net margin -43%) and EBITDA of -₹42.36 Cr (EBITDA margin -32.7%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 12% over five years.

The company has about 10 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹382 Cr and satisfied charges of ₹664 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹1.46 Cr; the latest was in October 2008. 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 Naraindas Construction Pvt Ltd with revenue of ₹130.57 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 rinfra.com.

Company details

CIN U23300MH2005PLC154360
Registration Number 154360
Incorporation Date 29 June 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Reliance Infrastructure Limited
Compliance Status Active Compliant

CIN history

DS Toll Road has one previous CIN (Corporate Identification Number): U23300MH2005PTC154360. The current CIN is U23300MH2005PLC154360, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U23300MH2005PLC154360Current
U23300MH2005PTC154360Previous

Contact details

DS Toll Road Limited's registered office is in Mumbai, Maharashtra. Its website is rinfra.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Social Media
  • Registered Address
    Reliance Centre 19 Walchand Hirachand Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
  • Industry
    Infrastructure and Utilities, Road & Bridge Construction

To see the full contact details of DS Toll Road Limited, buy the company report.

Comprehensive company report
DS Toll Road 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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Business activity

The main business activity of DS Toll Road 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 DS Toll Road Limited, buy the company report.

Financials of DS Toll Road Limited

FY 2025 filings available

DS Toll Road Limited reported revenue of ₹129.43 Cr (up 30% YoY) for FY 2025.

Revenue · FY 2025
₹129.43 Cr ▲ 30%
Net loss · FY 2025
₹55.62 Cr margin -43%
EBITDA · FY 2025
-₹42.36 Cr margin -32.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 21%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 137%
3 years · compounded
▼ 40%
5 years · compounded
▼ 22%

Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 30% growth in the latest year. EBITDA fell 137% 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-₹42.36 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹55.62 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 Margin-32.7%
Net Profit Margin-43%
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 DS Toll Road Limited, buy the company report.

Board of directors of DS Toll Road Limited

DS Toll Road has 3 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepak Singh BishtDirector23 Jun 20233 Years 4 MonthsCurrent
Shailendra Hastimal JainDirector05 Aug 20215 Years 3 MonthsCurrent
Amitabh Kumar JhaDirector10 May 20242 Years 6 MonthsCurrent

Peer comparison

DS Toll Road 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
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 Limited₹129.62 Cr (FY 2025)1.0%Mumbai, Maharashtra, India
DS Toll Road Limitedthis company₹129.43 Cr (FY 2025)-₹55.62 Cr-43%30.0%10Mumbai, 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
Solapur Yedeshi Tollway Limited₹128.54 Cr (FY 2025)-8.0%Mumbai, Maharashtra, India

To see the full peer comparison of DS Toll Road Limited, buy the company report.

Auditor

DS Toll Road Limited is audited by MKPS & Associates for the financial year 2024.

Auditor firmFinancial yearFirm registration number
MKPS & AssociatesFY 2024302014E

Shareholding

The shareholding of DS Toll Road Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of DS Toll Road Limited, buy the company report.

Charges & borrowings

Open charges
₹382 Cr
Satisfied charges
₹664 Cr
Breakdown by lending institutions
Idfc Limited₹332.00 Cr
Idbi Trusteeship Services Limited₹50.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Sep 2023100792108Idbi Trusteeship Services Limited₹50 CrOpen
21 May 201210360033Idfc Limited₹332 CrOpen
15 Apr 201110287038Infrastructure Development Finance Company Limited₹332 CrSatisfied
09 Sep 200610020068Uti Bank Limited₹332 CrSatisfied

To see the full charge records of DS Toll Road Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

DS Toll Road Limited has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹1.46 Cr; the latest was in October 2008.

Total deals
7
Secondary share transfers
5
Funding round
1
Rights issue
1
Disclosed funding
₹1.46 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Oct 2008Secondary share transferUndisclosedBuyer: Reliance Infrastructure Limited , Reliance Infrastructure Limited & Paresh Rathod, Reliance Infrastructure Limited & Prakash Shenoy
Seller: Sonata Investments Limited & Hasit Shukla, Sonata Investments Limited & Abhijit Banerjee, Sonata Investments Limited & Paresh Rathod
May 2008Secondary share transferUndisclosedBuyer: Reliance Infrastructure Limited
Seller: Reliance Last Mile Communication Private Limited
Jul 2007Rights issue₹3.7 CrInvestors: Reliance Infrastructure Limited , Cle Private Limited , Reliance Last Mile Communication Private Limited
Oct 2006Funding round₹1.46 CrInvestors: Reliance Infrastructure Limited , Cle Private Limited , Reliance Last Mile Communication Private Limited
Aug 2006Secondary share transferUndisclosedBuyer: Cle Private Limited , Reliance Infrastructure Limited , Sonata Investments Limited & Ramesh Shenoy
Seller: Powersurfer Interactive (India) Private Limited, Skyline Global Trade Private Limited , Space Trade Enterprises Private Limited

To see the full deal history of DS Toll Road Limited, buy the company report.

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

Credit ratings & regulatory alerts

DS Toll Road Limited was last rated by Care on 04 Oct 2022.

Rating agencyRated onRating
Care04 Oct 2022

To see the full credit ratings and regulatory alerts of DS Toll Road Limited, buy the company report.

MSME payment delays

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

Employees & EPFO

DS Toll Road Limited has a workforce of 10 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
10
Active EPFO establishments
1
Employee growth
42.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2710
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of DS Toll Road Limited, buy the company report.

GST

DS Toll Road has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
33AADCR0415N1ZJTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of DS Toll Road Limited, buy the company report.

Recent activity

DS Toll Road Limited has 30 board changes on record since 2007: 3 appointments and 27 cessations. The latest: Amitabh Kumar Jha was appointed as Director on 10 May 2024.

AGM
Ds Toll Road Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Ds Toll Road Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Amitabh Kumar Jha was appointed as Director.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 50.00 Cr with Charge ID 100792108 was registered on 28 Sep 2023.
Ceased
Deepak Singh Bisht ceased to be Additional Director.
Appointed
Deepak Singh Bisht was appointed as Director.
Ceased
Sandeep Arvind Joshi ceased to be Additional Director.
Ceased
Rajesh Das ceased to be Director.
Ceased
Shailendra Hastimal Jain ceased to be Additional Director.
Appointed
Shailendra Hastimal Jain was appointed as Director.
Ceased
Madan Gopal Pendse ceased to be Additional Director.
Ceased
Sameer Singh ceased to be Additional Director.

29 earlier events are in the company report.

Frequently asked questions

DS Toll Road 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 29 June 2005 (21+ years old) and is registered under CIN U23300MH2005PLC154360.

DS Toll Road has 3 current directors:

The latest financial statements of DS Toll Road on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of DS Toll Road is 33AADCR0415N1ZJ, registered in Tamil Nadu. 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 DS Toll Road is U23300MH2005PLC154360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

DS Toll Road has 4 court cases on record: 4 filed by the company.

DS Toll Road was incorporated on 29 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.

DS Toll Road has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹1.46 Cr; the latest was in October 2008.

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

Amitabh Kumar Jha was appointed as Director on 10 May 2024. Deepak Singh Bisht ceased to be Additional Director on 14 Sep 2023. Deepak Singh Bisht was appointed as Director on 23 Jun 2023. DS Toll Road has 30 board changes on record in total.

DS Toll Road can be reached through the website rinfra.com. Its registered office is in Mumbai, Maharashtra, India.