About Hassan Mangalore Rail Development Company Limited
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Hassan Mangalore Rail Development Company Limited is a public limited state government company based in Bangalore, Karnataka, India. It operates in the railway transportation segment of the transportation sector. It was incorporated on 01 July 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45203KA2003SGC032183. Its GSTIN is 29AABCH2967B1ZO (Karnataka).
The company has an authorised share capital of ₹125 Cr and a paid-up capital of ₹112 Cr. It is led by directors including Geeta Mohapatra (Whole-Time Director) and Vishal Ravi.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹173.17 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹30.82 Cr (net margin -17.8%) and EBITDA of -₹28.48 Cr (EBITDA margin -16.4%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹35.55 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmrdc.com.
Company details
CIN history
Hassan Mangalore Rail Development Company has one previous CIN (Corporate Identification Number): U45203KA2003PLC032183. The current CIN is U45203KA2003SGC032183, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203KA2003SGC032183 | Current |
| U45203KA2003PLC032183 | Previous |
Contact details
Hassan Mangalore Rail Development Company Limited's registered office is in Bangalore, Karnataka. Its website is hmrdc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMsil House 7th Floor, #36 Cunningham Road, Bangalore, Karnataka, India – 560001
- IndustryTransportation, Railway Transportation
To see the full contact details of Hassan Mangalore Rail Development Company 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 Hassan Mangalore Rail Development Company Limited
FY 2025 filings availableHassan Mangalore Rail Development Company Limited reported revenue of ₹173.17 Cr (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. 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 | ₹173.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹28.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹30.82 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.4% | ||||
| Net Profit Margin | -17.8% | ||||
| 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 Hassan Mangalore Rail Development Company Limited, buy the company report.
Board of directors and KMP of Hassan Mangalore Rail Development Company Limited
Hassan Mangalore Rail Development Company Limited currently reports 8 directors and 1 key managerial person. 64 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Kumar Rai | Nominee Director | 05 Apr 2019 | 7 Years 7 Months | Current |
| Priyaranjan Parhi Also directs: Konkan Railway Corporation Limited, Pipavav Railway Corporation Limited, Jharkhand Central Railway Limited and 3 more | Nominee Director | 13 May 2022 | 4 Years 5 Months | Current |
| Sharathbabu Rampura Maheshwarappa | Company Secretary | 08 Apr 2023 | 3 Years 7 Months | Current |
| Geeta Mohapatra | Whole-Time Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Mudit Mittal | Nominee Director | 12 May 2025 | 1 Years 5 Months | Current |
| Govinda Reddy | Nominee Director | 12 May 2025 | 1 Years 5 Months | Current |
Auditor
Hassan Mangalore Rail Development Company Limited is audited by P B Vijayaraghavan & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P B Vijayaraghavan & Co | FY 2023 | 0004721S |
Shareholding
The shareholding of Hassan Mangalore Rail Development Company 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hassan Mangalore Rail Development Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2004 | 80022335 | Canara Bank | ₹55 Lakh | Satisfied | |
| 23 Jun 2004 | 90192840 | State Bank of Hyderabad | ₹35 Cr | Satisfied |
To see the full charge records of Hassan Mangalore Rail Development Company Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Hassan Mangalore Rail Development Company Limited has 4 court cases on record: 3 filed by Hassan Mangalore Rail Development Company, 1 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| District courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against National Insurance Company Ltd and 2 others | Pending |
| High Court | Writ petition | Filed by the company against Union of India and 5 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax and 1 other | Pending |
| High Court of Karnataka | Appeal | Filed against the company by The Deputy Commissioner of Income Tax | Disposed |
To see the full case history of Hassan Mangalore Rail Development Company 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 Hassan Mangalore Rail Development Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hassan Mangalore Rail Development Company Limited has a workforce of 9 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Hassan Mangalore Rail Development Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCH2967B1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hassan Mangalore Rail Development Company Limited, buy the company report.
Recent activity
Hassan Mangalore Rail Development Company Limited has 129 board changes on record since 2003: 69 appointments and 60 cessations. The latest: Manjula Narayanappanaik ceased to be Nominee Director on 19 Dec 2025.
126 earlier events are in the company report.
Frequently asked questions
Hassan Mangalore Rail Development Company is an active public limited state government company based in Bangalore, Karnataka, India. The company works in railway transportation, within the transportation industry. It was incorporated on 01 July 2003 (23+ years old) and is registered under CIN U45203KA2003SGC032183.
Hassan Mangalore Rail Development Company has 9 current directors and KMP:
- Geeta Mohapatra - Whole-Time Director
- Arun Kumar Rai - Nominee Director
- Priyaranjan Parhi - Nominee Director
- Mudit Mittal - Nominee Director
- Govinda Reddy - Nominee Director
- Shekhar Balwant Lagwankar - Nominee Director
- Vishal Ravi - Director
- Prashanth Kumar Balsavar - Nominee Director
- Sharathbabu Rampura Maheshwarappa - Company Secretary
The latest financial statements of Hassan Mangalore Rail Development Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hassan Mangalore Rail Development Company is 29AABCH2967B1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Hassan Mangalore Rail Development Company is U45203KA2003SGC032183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hassan Mangalore Rail Development Company has 4 court cases on record: 3 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Hassan Mangalore Rail Development Company was incorporated on 01 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Manjula Narayanappanaik ceased to be Nominee Director on 19 Dec 2025. Geeta Mohapatra was appointed as Whole-Time Director on 29 Sep 2025. Rajender Kumar Kataria ceased to be Nominee Director on 14 Jul 2025. Hassan Mangalore Rail Development Company has 129 board changes on record in total.
Hassan Mangalore Rail Development Company can be reached through the website hmrdc.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hassan Mangalore Rail Development Company is at Msil House 7th Floor, #36 Cunningham Road, Bangalore, Karnataka, India – 560001.
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