Express Toll Roads Limited
About Express Toll Roads Limited
Data last updated:
Express Toll Roads Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Essel Infraprojects Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 06 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2016PLC280766. Its GSTIN is 09AAECE2677G1ZH (Uttar Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Milind Kashiram Jadhav and Bikramjit Singh.
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 513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2021, the company reported a revenue of ₹5 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net profit of ₹3.2 Cr (net margin 64.1%) and EBITDA of -₹6.83 Lakh (EBITDA margin -1.4%).
As per MCA filings, the company has open charges of ₹1,679 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 4 deals on record (3 secondary share transfers, 1 debt financing), with disclosed funding of ₹45 Cr; the latest was in September 2019.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070
- 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
Financials of Express Toll Roads Limited FY 2025 filings available
Express Toll Roads Limited reported revenue of ₹5 Cr (down 87% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Express Toll Roads Limited
Revenue fell 87% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Express Toll Roads Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹5 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹6.83 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.2 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 Express Toll Roads Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 64.1% | •••• | •••• | •••• | •••• |
| 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 Express Toll Roads are in the company report.
Financial statements from FY 2017
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 of Express Toll Roads Limited
Express Toll Roads has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Kashiram Jadhav | Director | 28 Aug 2022 | 4 Years 1 Months | Current |
| Bikramjit Singh | Director | 28 Feb 2024 | 2 Years 7 Months | Current |
| Sandesh Uday Jadhav | Director | 30 Mar 2023 | 3 Years 6 Months | Current |
Auditor Details of Express Toll Roads Limited
Express Toll Roads Limited is audited by B S SHARMA & CO for the financial year 2021.
| 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 Express Toll Roads 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 Express Toll Roads Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jan 2019 | Others | ₹100 Cr | Open |
| 19 Mar 2018 | Idbi Trusteeship Services Limited | ₹459 Cr | Open |
| 19 Mar 2018 | Idbi Trusteeship Services Limited | ₹220 Cr | Open |
| 19 Mar 2018 | Idbi Trusteeship Services Limited | ₹150 Cr | Open |
| 02 Jun 2017 | Others | ₹750 Cr | Open |
Total charge records: 5 View all charges
Deals & Funding of Express Toll Roads Limited
Express Toll Roads Limited has 4 deals on record (3 secondary share transfers, 1 debt financing), with disclosed funding of ₹45 Cr; the latest was in September 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Debt financing | ₹45 Cr | Investors: Cyquator Media Services Private Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Essel Infraprojects Limited & Smart Personnel Management Services Private Limited, Essel Infraprojects Limited & Essel Highways Limited, Essel Infraprojects Limited & Smart Hydel Power Limited Seller: Essel Infraprojects Limited & Rakesh Bagherwal, Essel Infraprojects Limited & Hemanshu Mumbaiwala, Essel Infraprojects Limited & Ashish Agarwal |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Essel Infraprojects Limited & Ashish Agarwal, Essel Infraprojects Limited & Hemanshu Mumbaiwala, Essel Infraprojects Limited & Sandeep Patil Seller: Essel Infraprojects Limited & Prahalad Ray Mundra, Essel Infraprojects Limited & Sitansh Magia, Essel Infraprojects Limited & Dhruval Bhatt |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Essel Infraprojects Limited , Essel Infraprojects Limited & Vaibhav Kulkarni, Essel Infraprojects Limited & Sitansh Magia Seller: 4 individuals |
Full deal history
All 4 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 Express Toll Roads Limited
Express Toll Roads Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by R.S International Private Limited | Pending |
| Bombay High Court | Court case (COMSS) | Filed against the company by Housing Development Finance Corporation Limited | Disposed |
Full case history
All 2 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.
Employees and EPFO Compliance at Express Toll Roads Limited
Employment history and EPFO contributions of people linked to Express Toll Roads.
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.
Recent Activity on Express Toll Roads Limited
Express Toll Roads Limited has 22 board changes on record since 2016: 3 appointments and 19 cessations. The latest: Bikramjit Singh ceased to be Additional Director on 21 Aug 2024.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Express Toll Roads 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.
MSME Payment Delays by Express Toll Roads Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Express Toll Roads 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 Express Toll Roads Limited
Express Toll Roads has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECE2677G1ZH | Uttar Pradesh | Active | 10 May 2018 |
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 Express Toll Roads 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 Express Toll Roads Limited
Express Toll Roads 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 06 May 2016 (10+ years old) and is registered under CIN U45309MH2016PLC280766.
Express Toll Roads reported revenue of ₹5 Cr for FY 2021 (down 87% YoY).
Express Toll Roads has 3 current directors:
- Milind Kashiram Jadhav - Director
- Bikramjit Singh - Director
- Sandesh Uday Jadhav - Director
Express Toll Roads reported a net profit of ₹3.2 Cr (net margin 64.1%) and EBITDA of -₹6.83 Lakh (EBITDA margin -1.4%) for FY 2021, as per its filed financial statements.
The GSTIN of Express Toll Roads is 09AAECE2677G1ZH, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Express Toll Roads is U45309MH2016PLC280766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Express Toll Roads has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the high courts.
Express Toll Roads was incorporated on 06 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Express Toll Roads has 4 deals on record (3 secondary share transfers, 1 debt financing), with disclosed funding of ₹45 Cr; the latest was in September 2019.
Bikramjit Singh ceased to be Additional Director on 21 Aug 2024. Bikramjit Singh was appointed as Director on 28 Feb 2024. Sandesh Uday Jadhav ceased to be Additional Director on 24 Sep 2023. Express Toll Roads has 22 board changes on record in total.