Express Toll Roads Limited
About Express Toll Roads Limited
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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.
Company details
Contact details
Express Toll Roads Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address513/A 5th Floor Kohinoor City Kirol Road Kurla (West), Mumbai, Maharashtra, India – 400070
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Express Toll Roads 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
Financials of Express Toll Roads Limited
FY 2025 filings availableExpress Toll Roads Limited reported revenue of ₹5 Cr (down 87% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 87% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| 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
| 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 | |||||
To see the full financial statements and ratios of Express Toll Roads Limited, buy the company report.
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 2 Months | Current |
| Bikramjit Singh | Director | 28 Feb 2024 | 2 Years 8 Months | Current |
| Sandesh Uday Jadhav | Director | 30 Mar 2023 | 3 Years 7 Months | Current |
Auditor
Express Toll Roads Limited is audited by B S SHARMA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S SHARMA & CO | FY 2021 | 128249W |
Shareholding
The shareholding of Express Toll Roads Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Express Toll Roads Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2019 | 100237106 | Others | ₹100 Cr | Open | |
| 19 Mar 2018 | 100168602 | Idbi Trusteeship Services Limited | ₹459 Cr | Open | |
| 19 Mar 2018 | 100173251 | Idbi Trusteeship Services Limited | ₹220 Cr | Open | |
| 19 Mar 2018 | 100173253 | Idbi Trusteeship Services Limited | ₹150 Cr | Open | |
| 02 Jun 2017 | 100105886 | Others | ₹750 Cr | Open |
To see the full charge records of Express Toll Roads Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Express Toll Roads Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by V.R.S. International Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed against the company by Housing Development Finance Corporation Limited | Disposed |
To see the full case history of Express Toll Roads 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Express Toll Roads Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Express Toll Roads has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECE2677G1ZH | Uttar Pradesh | Active | 10 May 2018 |
To see the full GST registrations and return filing status of Express Toll Roads Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Milind Kashiram Jadhav - Director
- Bikramjit Singh - Director
- Sandesh Uday Jadhav - Director
The latest financial statements of Express Toll Roads 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 FY 2017 are in the company report.
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 district 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.
The registered office of Express Toll Roads is at 513A 5th Floor Kohinoor City Kirol Road Kurla West, Mumbai, Maharashtra, India – 400070.
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