Express Way Developers Limited
About Express Way Developers Limited
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Express Way Developers Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Essel Highways Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 21 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2014PLC266683. Its GSTIN is 09AADCE6608A1ZZ (Uttar Pradesh).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Express Tunnelway Limited. It is led by directors including Milind Kashiram Jadhav and Ankur Kumar.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Essel House B – 10 Lawrence Road Industrial Area, New Delhi, Delhi, India – 110035.
As per the financials filed for FY 2023, the company reported a revenue of ₹50,000. For the same year it recorded a net loss of ₹4.32 Lakh and EBITDA of -₹4.8 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 54% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹7,721.54 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Express Way Developers Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressEssel House B – 10 Lawrence Road Industrial Area, New Delhi, Delhi, India – 110035
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Express Way Developers 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 Way Developers Limited
FY 2025 filings availableExpress Way Developers Limited reported revenue of ₹50,000 for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹50,000 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.32 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
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| Return on Assets (ROA) | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Express Way Developers Limited, buy the company report.
Board of directors of Express Way Developers Limited
Express Way Developers has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Kashiram Jadhav | Director | 31 Aug 2022 | 4 Years 2 Months | Current |
| Ankur Kumar Also directs: Smart Power Grid Limited, Bhind Mihona Gopalpur Toll Roads Limited, Essel Gwalior Shivpuri Toll Roads Private Limited and 4 more | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
| Anil Pyarelal Singh Also directs: Bhopal Municipal Solid Waste Private Limited, Kundli Manesar Expressway Limited, Bombay Mobile Softwares Private Limited and 5 more | Director | 27 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Express Way Developers Limited is audited by Phulwani & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Phulwani & Co | FY 2023 | 022474C |
Shareholding
The shareholding of Express Way Developers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Express Way Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2022 | 100571498 | Others | ₹1,000 Cr | Satisfied | |
| 19 Apr 2018 | 100170541 | Others | ₹1,000 Cr | Satisfied | |
| 02 Feb 2018 | 100153845 | Others | ₹740 Cr | Satisfied | |
| 31 Jan 2017 | 100079709 | Idbi Trusteeship Services Limited | ₹1,480 Cr | Satisfied | |
| 20 Jan 2017 | 100086451 | Others | ₹541.54 Cr | Satisfied |
To see the full charge records of Express Way Developers Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Express Way Developers Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Express Way Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Express Way Developers has 1 subsidiary 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 |
|---|---|---|
| Western M P Infrastructure & Toll Roads Private Limited | U45203MH2007PTC173577 |
To see the full group structure of Express Way Developers Limited, buy the company report.
GST
Express Way Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCE6608A1ZZ | Uttar Pradesh | Active | 10 May 2018 |
To see the full GST registrations and return filing status of Express Way Developers Limited, buy the company report.
Recent activity
Express Way Developers Limited has 23 board changes on record since 2014: 3 appointments and 20 cessations. The latest: Ankur Kumar ceased to be Additional Director on 29 Sep 2024.
30 earlier events are in the company report.
Frequently asked questions
Express Way Developers is an active public limited company based in New Delhi, Delhi, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 21 March 2014 (12+ years old) and is registered under CIN U45400DL2014PLC266683.
Express Way Developers has 3 current directors:
- Milind Kashiram Jadhav - Director
- Ankur Kumar - Director
- Anil Pyarelal Singh - Director
The latest financial statements of Express Way Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Express Way Developers is 09AADCE6608A1ZZ, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Express Way Developers is U45400DL2014PLC266683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Express Way Developers was incorporated on 21 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Ankur Kumar ceased to be Additional Director on 29 Sep 2024. Ankur Kumar was appointed as Director on 01 Apr 2024. Milind Kashiram Jadhav ceased to be Additional Director on 26 Sep 2022. Express Way Developers has 23 board changes on record in total.
The registered office of Express Way Developers is at Essel House B – 10 Lawrence Road Industrial Area, New Delhi, Delhi, India – 110035.
Express Way Developers operates in the infrastructure and utilities industry, in the road and bridge construction segment.
Express Way Developers has no open charges and satisfied charges of ₹7,721.54 Cr as per latest MCA filings.
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