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 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.
| CIN | Status |
|---|---|
| U23300MH2005PLC154360 | Current |
| U23300MH2005PTC154360 | Previous |
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 AddressReliance Centre 19 Walchand Hirachand Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of DS Toll Road 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 DS 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 DS Toll Road Limited, buy the company report.
Financials of DS Toll Road Limited
FY 2025 filings availableDS Toll Road Limited reported revenue of ₹129.43 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| 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 | -₹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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Singh Bisht | Director | 23 Jun 2023 | 3 Years 4 Months | Current |
| Shailendra Hastimal Jain | Director | 05 Aug 2021 | 5 Years 3 Months | Current |
| Amitabh Kumar Jha Also directs: TK Toll Road Private Limited, Jr Toll Road Private Limited, HK Toll Road Private Limited and 3 more | Director | 10 May 2024 | 2 Years 6 Months | Current |
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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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% | 10 | 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 | |||
| 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 firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & Associates | FY 2024 | 302014E |
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 category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2023 | 100792108 | Idbi Trusteeship Services Limited | ₹50 Cr | Open | |
| 21 May 2012 | 10360033 | Idfc Limited | ₹332 Cr | Open | |
| 15 Apr 2011 | 10287038 | Infrastructure Development Finance Company Limited | ₹332 Cr | Satisfied | |
| 09 Sep 2006 | 10020068 | Uti Bank Limited | ₹332 Cr | Satisfied |
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.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: 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 2008 | Secondary share transfer | Undisclosed | Buyer: Reliance Infrastructure Limited Seller: Reliance Last Mile Communication Private Limited |
| Jul 2007 | Rights issue | ₹3.7 Cr | Investors: Reliance Infrastructure Limited , Cle Private Limited , Reliance Last Mile Communication Private Limited |
| Oct 2006 | Funding round | ₹1.46 Cr | Investors: Reliance Infrastructure Limited , Cle Private Limited , Reliance Last Mile Communication Private Limited |
| Aug 2006 | Secondary share transfer | Undisclosed | Buyer: 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.
Legal cases
DS Toll Road Limited has 4 court cases on record: 4 filed by DS Toll Road. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed by the company against The Regional Labour Commissioner and 4 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Regional Labour Commissioner and 6 others | Disposed |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
To see the full case history of DS Toll Road Limited, buy the company report.
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.
Credit ratings & regulatory alerts
DS Toll Road Limited was last rated by Care on 04 Oct 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 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.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 10 |
| 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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCR0415N1ZJ | Tamil Nadu | Active | 01 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.
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:
- Deepak Singh Bisht - Director
- Shailendra Hastimal Jain - Director
- Amitabh Kumar Jha - Director
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.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
