About GMR Highways Limited
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GMR Highways Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Gmr Power And Urban Infra Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 03 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2006PLC287171. Its GSTIN is 33AADCG9020E1Z2 (Tamil Nadu). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹4,138 Cr and a paid-up capital of ₹843.33 Cr. It was formerly known as Gmr Highways Private Limited. It is led by directors including Bangaru Raju Obbilisetty (Managing Director) and Sridevi Venisheety.
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹129.42 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹233.75 Cr (net margin -180.6%) and EBITDA of -₹148.49 Cr (EBITDA margin -114.7%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 17% over five years.
Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: GMR Group and GMR Power & Urban. As per MCA filings, the company has open charges of ₹954.17 Cr and satisfied charges of ₹2,582 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 5 cases are pending. The company has 12 deals on record (5 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹1,089.25 Cr; the latest was in March 2024. 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, 5 larger and 4 smaller; the largest is Naraindas Construction Pvt Ltd with revenue of ₹130.57 Cr. The company has 24 MSME Form 1 returns on record between 2019 and 2023, listing 166 overdue payments to 30 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gmrpui.com.
Company details
CIN history
GMR Highways has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45203MH2006PLC287171, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2006PLC287171 | Current |
| U45203KA2006PTC038379 | Previous |
| U45203KA2006PLC038379 | Previous |
Contact details
GMR Highways Limited's registered office is in Mumbai, Maharashtra. Its website is gmrpui.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNaman Centre 701 7th Floor Opp. Dena Bank Plot No.C – 31 G Block Bandra Kurla Complex Ba, Ndra(East), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of GMR Highways 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
Brands
GMR Highways operates two associated brands: GMR Group and GMR Power & Urban. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure finance for international airports and energy utilities is provided. | gmrgroup.in | |
| Provider of infrastructure development services | gmrpui.com |
Business activity
The main business activity of GMR Highways 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 GMR Highways Limited, buy the company report.
Financials of GMR Highways Limited
FY 2025 filings availableGMR Highways Limited reported revenue of ₹129.42 Cr (down 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 28% fall in the latest year. EBITDA fell 268% 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 |
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| EBITDA | -₹148.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹233.75 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -114.7% | ||||
| Net Profit Margin | -180.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of GMR Highways Limited, buy the company report.
Board of directors and KMP of GMR Highways Limited
GMR Highways Limited currently reports 6 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paramjeet Singh Also directs: Greens Daily Private Limited | Company Secretary | 23 Nov 2016 | 9 Years 11 Months | Current |
| Sridevi Venisheety Also directs: Unique Biz Enterprises LLP, Visalakshi Marketing Private Limited, GMR Aviation Private Limited and 1 more | Director | 26 Sep 2022 | 4 Years 1 Months | Current |
| Srinivasachari Rajagopal Also directs: GMR Warora Energy Limited, GMR Kamalanga Energy Limited, Wisdomleaf Technologies Private Limited and 2 more | Director | 27 Nov 2018 | 7 Years 11 Months | Current |
| Madhva Bhimacharya Terdal Also directs: GMR Energy Limited, GMR Power and Urban Infra Limited, GMR Aviation Private Limited and 2 more | Director | 31 Jul 2015 | 11 Years 2 Months | Current |
| Bangaru Raju Obbilisetty | Managing Director | 16 Jun 2008 | 18 Years 4 Months | Current |
| Venkatanageswararao Boda Also directs: GMR Energy Limited, GMR Power and Urban Infra Limited, GMR Krishnagiri Sir Limited and 5 more | Director | 29 Oct 2013 | 12 Years 11 Months | Current |
Peer comparison
GMR Highways 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 Limited | ₹129.43 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| GMR Highways Limitedthis company | ₹129.42 Cr (FY 2025) | -₹233.75 Cr | -180.6% | -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 GMR Highways Limited, buy the company report.
Auditor
GMR Highways Limited is audited by Girish Murthy & Kumar for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Girish Murthy & Kumar | FY 2022 | 0934S |
Shareholding
The shareholding of GMR Highways Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of GMR Highways Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2016 | 100115017 | Idbi Trusteeship Services Limited | ₹55.5 Cr | Open | |
| 25 Nov 2016 | 100115020 | Idbi Trusteeship Services Limited | ₹651.34 Cr | Open | |
| 05 Oct 2015 | 10610945 | Idbi Trusteeship Services Limited | ₹247.33 Cr | Open | |
| 13 Feb 2024 | 100885059 | Others | ₹700 Cr | Satisfied | |
| 02 May 2018 | 100180003 | Others | ₹30 Cr | Satisfied |
To see the full charge records of GMR Highways Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
GMR Highways Limited has 12 deals on record (5 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹1,089.25 Cr; the latest was in March 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: GMR Power and Urban Infra Limited Seller: GMR Generation Assets Limited , Gmr Infrastructure Limited |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: GMR Power and Urban Infra Limited Seller: Gmr Infrastructure Limited |
| Mar 2017 | Rights issue | ₹989.39 Cr | Investors: Gmr Infrastructure Limited |
| Apr 2015 | Funding round | ₹337 Cr | Investors: Dhruvi Securities Limited , Gmr Infrastructure Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: GMR Holdings Private Limited Seller: GMR Enterprises Private Limited |
To see the full deal history of GMR Highways 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
GMR Highways Limited has 6 court cases on record: 2 filed by GMR Highways, 4 filed against it. 5 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| District courts | 1 | 1 | 1 |
| Supreme Court | 2 | 2 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by The PR. Commissioner of Income Tax- and 2 others | Pending |
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by The PR. Commisioner of Income Tax - and 2 others | Pending |
| District court, Mohali, Punjab | Civil suit | Filed against the company by Singla Constructions Ltd. | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against National Highways Authority of India | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against individuals | Pending |
To see the full case history of GMR Highways 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
GMR Highways Limited has 24 MSME Form 1 returns on record between 2019 and 2023, listing 166 overdue payments to 30 micro and small suppliers. 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 (5 of 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Perfect Allied Safety and Security Services Private Limited | |||
| Spimat Projects Private Limited | |||
| Vijayasai Engineers & Developers Private Limited | |||
| TSR Nirmaan Private Limited | |||
| an individual supplier |
To see the full MSME payment records of GMR Highways Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
GMR Highways has 4 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| GMR Pochanpalli Expressways Limited. | U45200KA2005PLC049327 | |
| GMR Hyderabad Vijayawada Expressways Private Limited | U45201KA2009PTC050109 | |
| GMR Ambala-Chandigarh Expressways Private Limited | U45203KA2005PTC036773 | |
| GMR Chennai Outer Ring Road Private Limited | U45203KA2009PTC050441 |
To see the full group structure of GMR Highways Limited, buy the company report.
Employees & EPFO
GMR Highways Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
GMR Highways has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCG9020E1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
| 37AADCG9020E1ZU | Andhra Pradesh | Active | 01 Jul 2017 |
| 09AADCG9020E1ZT | Uttar Pradesh | Active | 22 Mar 2023 |
| 07AADCG9020E1ZX | Delhi | Active | 18 Aug 2023 |
To see the full GST registrations and return filing status of GMR Highways Limited, buy the company report.
Recent activity
GMR Highways Limited has 22 board changes on record since 2007: 7 appointments and 15 cessations. The latest: Krishna Kumar Chinni ceased to be Additional Director on 17 Aug 2025.
33 earlier events are in the company report.
News
Frequently asked questions
GMR Highways 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 03 February 2006 (20+ years old) and is registered under CIN U45203MH2006PLC287171.
GMR Highways has 7 current directors and KMP:
- Bangaru Raju Obbilisetty - Managing Director
- Sridevi Venisheety - Director
- Srinivasachari Rajagopal - Director
- Madhva Bhimacharya Terdal - Director
- Venkatanageswararao Boda - Director
- Krishna Kumar Chinni - Director
- Paramjeet Singh - Company Secretary
The latest financial statements of GMR Highways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of GMR Highways is 33AADCG9020E1Z2, registered in Tamil Nadu. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 37AADCG9020E1ZU (Andhra Pradesh), 09AADCG9020E1ZT (Uttar Pradesh), 07AADCG9020E1ZX (Delhi).
The CIN (Corporate Identification Number) of GMR Highways is U45203MH2006PLC287171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GMR Highways has 6 court cases on record: 2 filed by the company and 4 filed against it. 5 are pending. Most are in the high courts.
GMR Highways was incorporated on 03 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
GMR Highways has 12 deals on record (5 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹1,089.25 Cr; the latest was in March 2024.
The peers of GMR Highways by revenue are Naraindas Construction Pvt Ltd, GMR Hyderabad Vijayawada Expressways Private Limited, J. K. Engicon Private Limited, CG Tollway Limited, DS Toll Road Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Krishna Kumar Chinni ceased to be Additional Director on 17 Aug 2025. Krishna Kumar Chinni was appointed as Director on 24 Dec 2024. Mohan Rao Murthy ceased to be Director on 18 Oct 2024. GMR Highways has 22 board changes on record in total.
GMR Highways has 24 MSME Form 1 returns on record between 2019 and 2023, listing 166 overdue payments to 30 micro and small suppliers. The latest return was filed on 18 Dec 2023.
GMR Highways can be reached through the website gmrpui.com. Its registered office is in Mumbai, Maharashtra, India.