About Haryana Rail Infrastructure Development Corporation Limited
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Haryana Rail Infrastructure Development Corporation Limited is a public limited state government company based in Chandigarh, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 22 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U45400CH2017SGC041697. Its GSTIN is 04AAECH5312B1ZC (Chandigarh). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹750 Cr and a paid-up capital of ₹750 Cr. It is led by directors including Sukhvinder Singh (Managing Director) and Bharat Bhushan Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at SCO No. 17 – 18 – 19 3rd & 4th Floor Sector – 17 – A, Chandigarh, India – 160017.
As per the financials filed for FY 2024, the company reported a revenue of ₹177.21 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹85.21 Cr (net margin 48.1%) and EBITDA of ₹114.56 Cr (EBITDA margin 64.6%). Revenue has grown at a compounded annual rate (CAGR) of 248% over three years and 171% over five years.
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
Court records list 34 cases involving the company, including 3 filed by the company and 31 filed against it; 32 cases are pending. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in August 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hridc.co.in.
Company details
Contact details
Haryana Rail Infrastructure Development Corporation Limited's registered office is in Chandigarh, Chandigarh. Its website is hridc.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSCO No. 17 – 18 – 19 3rd & 4th Floor Sector – 17 – A, Chandigarh, India – 160017
- IndustryInfrastructure and Utilities, Railway Infrastructure Development
To see the full contact details of Haryana Rail Infrastructure Development Corporation 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
Business activity
The main business activity of Haryana Rail Infrastructure Development Corporation is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Haryana Rail Infrastructure Development Corporation Limited, buy the company report.
Financials of Haryana Rail Infrastructure Development Corporation Limited
FY 2024 filings availableHaryana Rail Infrastructure Development Corporation Limited reported revenue of ₹177.21 Cr (up 263% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 171% over five years, including 263% growth in the latest year. EBITDA rose 433% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹114.56 Cr | ||||
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| Net Profit (PAT) | ₹85.21 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 64.6% | ||||
| Net Profit Margin | 48.1% | ||||
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To see the full financial statements and ratios of Haryana Rail Infrastructure Development Corporation Limited, buy the company report.
Board of directors and KMP of Haryana Rail Infrastructure Development Corporation Limited
Haryana Rail Infrastructure Development Corporation Limited currently reports 9 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Rastogi Also directs: Gurugram Metro Rail Limited, Haryana Mass Rapid Transport Corporation Limited, Haryana State Financial Services Limited and 3 more | Nominee Director | 01 Dec 2021 | 4 Years 11 Months | Current |
| Narinder Devraj Chumber | Nominee Director | 03 Mar 2021 | 5 Years 8 Months | Current |
| Shruti Also directs: Trade Era Filings LLP, Profsindia Virtual Services LLP, Nitilex Services LLP and 4 more | Company Secretary | 22 Jul 2019 | 7 Years 3 Months | Current |
| Priyanka Soni Also directs: Haryana Orbital Rail Corporation Limited | Nominee Director | 17 Dec 2025 | 0 Years 10 Months | Current |
| Sukhvinder Singh Also directs: Haryana Orbital Rail Corporation Limited | Managing Director | 17 Nov 2025 | 0 Years 11 Months | Current |
| Bharat Bhushan Gupta | Whole-Time Director | 07 May 2025 | 1 Years 6 Months | Current |
Auditor
Haryana Rail Infrastructure Development Corporation Limited is audited by BRIJ GUPTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRIJ GUPTA & CO. | FY 2023 | 003070N |
Shareholding
The shareholding of Haryana Rail Infrastructure Development Corporation 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 Haryana Rail Infrastructure Development Corporation Limited, buy the company report.
Deals & funding
Haryana Rail Infrastructure Development Corporation Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in August 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Rights issue | ₹650 Cr | Investors: President of India, an individual |
| Nov 2020 | Rights issue | ₹70 Cr | Investors: President of India, an individual |
| Jun 2018 | Rights issue | ₹22 Cr | Investors: President of India, an individual |
| Dec 2017 | Funding round | ₹4 Cr | Investors: President of India, President Of India & Ajit Singh, President Of India & Pramod Sharma, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Haryana Rail Infrastructure Development Corporation Limited has 34 court cases on record: 3 filed by Haryana Rail Infrastructure Development Corporation, 31 filed against it. 32 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 27 | 29 |
| High courts | 5 | 4 | 3 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by Rail Vikas Nigam Limited | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by Isc Projects Pvt Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by M/S Ic Electricals Company Ltd | Disposed |
| High Court, CHANDIGARH (UT) | Court case (RA-CR) | Filed against the company by Isc Projects Pvt Ltd | Disposed |
| District court, Jhajjar, Haryana | Civil suit | Filed against the company | Pending |
To see the full case history of Haryana Rail Infrastructure Development Corporation 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 Haryana Rail Infrastructure Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Haryana Rail Infrastructure Development Corporation 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 |
|---|---|---|
| Haryana Orbital Rail Corporation Limited | U60100HR2019SGC084349 |
To see the full group structure of Haryana Rail Infrastructure Development Corporation Limited, buy the company report.
Employees & EPFO
Haryana Rail Infrastructure Development Corporation Limited has a workforce of 20 employees on its EPFO records as of Oct 22, 2024, across 1 active EPFO establishment.
GST
Haryana Rail Infrastructure Development Corporation has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAECH5312B1ZC | Chandigarh | Active | 15 Jul 2018 |
| 06AAECH5312B1Z8 | Haryana | Active | 21 Apr 2021 |
| 06AAECH5312B1DH | Haryana | Active | 16 Jul 2021 |
To see the full GST registrations and return filing status of Haryana Rail Infrastructure Development Corporation Limited, buy the company report.
Recent activity
Haryana Rail Infrastructure Development Corporation Limited has 55 board changes on record since 2017: 33 appointments and 22 cessations. The latest: Monika Gupta ceased to be Nominee Director on 17 Dec 2025.
46 earlier events are in the company report.
Frequently asked questions
Haryana Rail Infrastructure Development Corporation is an active public limited state government company based in Chandigarh, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 22 August 2017 (9+ years old) and is registered under CIN U45400CH2017SGC041697.
Haryana Rail Infrastructure Development Corporation has 10 current directors and KMP:
- Sukhvinder Singh - Managing Director
- Bharat Bhushan Gupta - Whole-Time Director
- Anurag Rastogi - Nominee Director
- Narinder Devraj Chumber - Nominee Director
- Priyanka Soni - Nominee Director
- Arun Kumar Gupta - Nominee Director
- Anurag Agarwal - Nominee Director
- Rajeev Ranjan Raju - Nominee Director
- Rajesh Kumar Garg - Nominee Director
- Shruti - Company Secretary
The latest financial statements of Haryana Rail Infrastructure Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Haryana Rail Infrastructure Development Corporation is 04AAECH5312B1ZC, registered in Chandigarh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AAECH5312B1Z8 (Haryana), 06AAECH5312B1DH (Haryana).
The CIN (Corporate Identification Number) of Haryana Rail Infrastructure Development Corporation is U45400CH2017SGC041697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Haryana Rail Infrastructure Development Corporation has 34 court cases on record: 3 filed by the company and 31 filed against it. 32 are pending. Most are in the district courts.
Haryana Rail Infrastructure Development Corporation was incorporated on 22 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chandigarh.
Haryana Rail Infrastructure Development Corporation has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in August 2022.
Monika Gupta ceased to be Nominee Director on 17 Dec 2025. Priyanka Soni was appointed as Nominee Director on 17 Dec 2025. Sukhvinder Singh was appointed as Managing Director on 17 Nov 2025. Haryana Rail Infrastructure Development Corporation has 55 board changes on record in total.
Haryana Rail Infrastructure Development Corporation can be reached through the website hridc.co.in. Its registered office is in Chandigarh, India.
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