About Essel Highways Limited
Data last updated:
Essel Highways Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Essel Infraprojects Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 12 November 2013.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2013PLC274877. Its GSTIN is 27AADCE5366K3Z9 (Maharashtra). The company holds 14 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹578 Cr. It was formerly known as Eil Highways Limited and Essel Roadways Limited. It is led by directors including Ankur Kumar (Whole-Time Director) and Narendra Mohan Sahare.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2024, the company reported a revenue of ₹43,480, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹75.21 Lakh and EBITDA of -₹61.74 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 58% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹2,952.54 Cr and satisfied charges of ₹9,421.54 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 2 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1,138 Cr; the latest was in September 2016. Its 10 peer companies in the Infrastructure industry (Construction Services, Roads and Bridges) are compared by revenue, 5 larger and 5 smaller; the largest is KCC Projects Private Limited with revenue of ₹43,999. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is esselinfraprojects.com.
Name History of Essel Highways Limited
Essel Highways has undergone 2 name changes throughout its history. The company was previously known as Eil Highways Limited, and Essel Roadways Limited. The current legal name is Essel Highways Limited.
| Company Name | Status |
|---|---|
| Essel Highways Limited | Current |
| Eil Highways Limited | Previous |
| Essel Roadways Limited | Previous |
CIN History of Essel Highways Limited
Essel Highways has one previous CIN (Corporate Identification Number): U45200DL2013PLC260173. The current CIN is U45200MH2013PLC274877, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2013PLC274877 | Current |
| U45200DL2013PLC260173 | Previous |
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- Registered Address513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070
- IndustryInfrastructure and Utilities, General Construction Services, 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
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Financials of Essel Highways Limited FY 2024 filings available
Essel Highways Limited reported revenue of ₹43,480 (down 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Essel Highways Limited
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 50% fall in the latest year. EBITDA rose 56% 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 Essel Highways Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹61.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹75.21 Lakh | •••• | •••• | •••• | •••• |
| 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 Essel Highways Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Essel Highways 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.
Board of Directors and KMP of Essel Highways Limited
Essel Highways Limited currently reports 4 directors and 1 key managerial person. 48 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Mohan Sahare | Director | 01 Apr 2024 | 2 Years 6 Months | As last reported |
| Balwan Singh Also directs: Vizianagram MSW Private Limited, Tadepalligudem MSW Private Limited, Essel Gas Company Limited and 4 more | Cfo | 15 Mar 2024 | 2 Years 7 Months | As last reported |
| Ankur Kumar Also directs: Smart Power Grid Limited, Bhind Mihona Gopalpur Toll Roads Limited, Essel Gwalior Shivpuri Toll Roads Private Limited and 5 more | Whole-Time Director | 19 Feb 2024 | 2 Years 8 Months | As last reported |
| Bhaskar Hanumant Thalesari Also directs: Essel Green Energy Private Limited, Pan India Network Infravest Limited, Pallavapuram Tambaram MSW Private Limited and 3 more | Director | 29 Feb 2024 | 2 Years 7 Months | As last reported |
| Pooja Ramesh Singh Also directs: Essel Green Energy Private Limited, Essel Lucknow Raebareli Toll Roads Limited, Pan India Network Infravest Limited and 2 more | Director | 11 Feb 2020 | 6 Years 8 Months | As last reported |
Peer Comparison of Essel Highways Limited
Essel Highways Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services, 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 |
|---|---|---|---|---|---|---|
| KCC Projects Private Limited | ₹43,999 (FY 2019) | •••• | •••• | -97.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Shivmangal Properties Private Limited | ₹43,938 (FY 2025) | •••• | •••• | 4.0% | •••• | Kolkata, West Bengal, India |
| Sarna Infrastructure Private Limited | ₹43,875 (FY 2016) | •••• | •••• | -77.0% | •••• | Vapi, Gujarat, India |
| Snowview Hills Private Limited | ₹43,800 (FY 2025) | •••• | •••• | 84.0% | •••• | New Delhi, Delhi, India |
| Anunj Consultants Private Limited | ₹43,540 (FY 2025) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
| Essel Highways Limited this company | ₹43,480 (FY 2024) | •••• | •••• | -50.0% | •••• | Mumbai, Maharashtra, India |
| Siddhant Foundation Private Limited | ₹43,375 (FY 2024) | •••• | •••• | -96.0% | •••• | Chennai, Tamil Nadu, India |
| Pavanitha Renewables Private Limited | ₹43,350 (FY 2025) | •••• | •••• | -100.0% | •••• | Bangalore, Karnataka, India |
| Raghav Realty (India) Private Limited | ₹43,281 (FY 2024) | •••• | •••• | -95.0% | •••• | Bilaspur, Chhattisgarh, India |
| Hap Properties Private Limited | ₹43,240 (FY 2025) | •••• | •••• | -39.0% | •••• | New Delhi, Delhi, India |
| Reward Hotels Private Limited | ₹43,167 (FY 2025) | •••• | •••• | 1812.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Essel Highways by revenue in the Infrastructure industry (Construction Services, 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 Essel Highways Limited
Essel Highways Limited is audited by B S Sharma & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S Sharma & Co | 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.
Ownership and Shareholding of Essel Highways 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 Essel Highways Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Apr 2022 | Others | ₹1,000 Cr | Open |
| 06 Apr 2018 | Others | ₹1,000 Cr | Open |
| 23 Mar 2016 | Others | ₹54.24 Cr | Open |
| 26 Feb 2016 | Sbicap Trustee Company Limited | ₹88.16 Cr | Open |
| 26 Feb 2016 | Sbicap Trustee Company Limited | ₹75.51 Cr | Open |
Total charge records: 14 View all charges
Deals & Funding of Essel Highways Limited
Essel Highways Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1,138 Cr; the latest was in September 2016.
Deals on record (1 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Funding round | ₹1,138 Cr | Investors: Essel Infraprojects Limited , Kepler22 Environment LLP |
Full deal history
All 3 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 Essel Highways Limited
Essel Highways Limited has 5 court cases on record: 2 filed by Essel Highways, 2 filed against it, 1 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 | 4 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (ARP) | Filed against the company by Markolines Infra Limited | Disposed |
| District court, Panchmahal at Godhra, Gujarat | Court case (REFER-T-LC) | Company is another party | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against National Highway Authority of India | Disposed |
| High Court of Delhi | Appeal | Filed by the company against National Highway Authority of India | Disposed |
Full case history
All 5 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 Essel Highways Limited
Essel Highways Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SK Bajpai & Co | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Essel Highways Limited
Essel Highways Limited has a workforce of 2 employees as of Apr 08, 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.
Group Structure of Essel Highways Limited
Essel Highways has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Essel Lucknow Raebareli Toll Roads Limited | U45200DL2011PLC229484 | Locked |
| Bhind Mihona Gopalpur Toll Roads Limited | U45200MH2009PLC193950 | Locked |
| Western M P Infrastructure & Toll Roads Private Limited | U45203MH2007PTC173577 | Locked |
| Sagar Damoh Toll Roads Limited | U45203MH2009PLC193947 | Locked |
| Bina Khimlasa Malthon Toll Roads Limited | U45203MH2009PLC193949 | Locked |
| Express Way Developers Limited | U45400DL2014PLC266683 | Locked |
Showing major subsidiaries. Total: 6.
Recent Activity on Essel Highways Limited
Essel Highways Limited has 50 board changes on record since 2014: 5 appointments and 45 cessations. The latest: Narendra Mohan Sahare ceased to be Additional Director on 29 Sep 2024.
65 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Essel Highways 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 Essel Highways 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 Essel Highways Limited
Essel Highways has 14 GST registrations: 3 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE5366K3Z9 | Maharashtra | Active | 03 Aug 2017 |
| 23AADCE5366K2ZI | Madhya Pradesh | Active | 01 Jul 2017 |
| 09AADCE5366K2Z8 | Uttar Pradesh | Active | 11 Nov 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 Essel Highways 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.
Related news about Essel Highways Limited
Frequently Asked Questions about Essel Highways Limited
Essel Highways is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Essel Highways is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 12 November 2013 and is registered under CIN U45200MH2013PLC274877. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Essel Highways reported revenue of ₹43,480 for FY 2024 (down 50% YoY).
Essel Highways has 5 current directors and KMP:
- Ankur Kumar - Whole-Time Director
- Narendra Mohan Sahare - Director
- Bhaskar Hanumant Thalesari - Director
- Pooja Ramesh Singh - Director
- Balwan Singh - Cfo
Essel Highways reported a net loss of ₹75.21 Lakh and EBITDA of -₹61.74 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Essel Highways is -88% over three years and -58% over five years. In the latest year (FY 2024) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Essel Highways is U45200MH2013PLC274877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essel Highways has open charges of ₹2,952.54 Cr and satisfied charges of ₹9,421.54 Cr as per latest MCA filings.
Essel Highways has 5 court cases on record: 2 filed by the company and 2 filed against it. Most are in the high courts.
Essel Highways was incorporated on 12 November 2013. It is registered with the Registrar of Companies, Mumbai.
Essel Highways has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1,138 Cr; the latest was in September 2016.
The peers of Essel Highways by revenue are KCC Projects Private Limited, Shivmangal Properties Private Limited, Sarna Infrastructure Private Limited, Snowview Hills Private Limited, Anunj Consultants Private Limited and 5 more, all in the Infrastructure industry (Construction Services, Roads and Bridges).