About Igatpuri Highway Private Limited
Data last updated:
Igatpuri Highway Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Bif India Holdings Pte Ltd. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 22 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2005PTC155016. Its GSTIN is 27AAECM3349K1Z7 (Maharashtra).
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹52 Cr. It was formerly known as Mumbai Nasik Expressway Limited. It is led by directors including Rajumani Madhavan and Pushkar Priyadarshi.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hiranandani Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹357.68 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹71.38 Cr (net margin 20%) and EBITDA of ₹209.09 Cr (EBITDA margin 58.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 14% over five years.
As per MCA filings, the company has satisfied charges of ₹1,322.03 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 3 cases are pending. The company has 6 deals on record (4 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹172.12 Cr; the latest was in September 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 Kmvpl Khammam-Devarapalle Highway Private Limited with revenue of ₹363.93 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 9 overdue payments to 3 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 peakinfra.com.
Company details
CIN history
Igatpuri Highway has one previous CIN (Corporate Identification Number): U45203MH2005PLC155016. The current CIN is U45203MH2005PTC155016, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2005PTC155016 | Current |
| U45203MH2005PLC155016 | Previous |
Contact details
Igatpuri Highway Private Limited's registered office is in Mumbai, Maharashtra. Its website is peakinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 303 & 304 3rd Floor Delphi Orchard Avenue, Hiranandani Business Park Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Igatpuri Highway Private 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 Igatpuri Highway 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 Igatpuri Highway Private Limited, buy the company report.
Financials of Igatpuri Highway Private Limited
FY 2025 filings availableIgatpuri Highway Private Limited reported revenue of ₹357.68 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 9% growth in the latest year. EBITDA rose 2% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹209.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.38 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.5% | ||||
| Net Profit Margin | 20% | ||||
| 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 Igatpuri Highway Private Limited, buy the company report.
Board of directors of Igatpuri Highway Private Limited
Igatpuri Highway has 4 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajumani Madhavan Also directs: Krishnagiri Thopur Toll Road Private Limited, Dhule Palesner Tollway Private Limited, Simhapuri Expressway Limited and 5 more | Director | 12 Mar 2024 | 2 Years 7 Months | Current |
| Pushkar Priyadarshi | Director | 12 Mar 2024 | 2 Years 7 Months | Current |
| Paruchuri Sri Hari Also directs: Krishnagiri Thopur Toll Road Private Limited, Dhule Palesner Tollway Private Limited, Simhapuri Expressway Limited and 5 more | Director | 15 Jun 2023 | 3 Years 4 Months | Current |
| Dhaval Kamleshkumar Shah | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Igatpuri Highway Private 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 |
|---|---|---|---|---|---|---|
| Kmvpl Khammam-Devarapalle Highway Private Limited | ₹363.93 Cr (FY 2025) | 27.0% | Hyderabad, Telangana, India | |||
| Calicut Expressway Private Limited | ₹363.21 Cr (FY 2024) | -32.0% | Hyderabad, Telangana, India | |||
| GR Govindpur Rajura Highway Private Limited | ₹361.91 Cr (FY 2025) | 5.0% | Udaipur, Rajasthan, India | |||
| GKC Projects Limited | ₹360.17 Cr (FY 2024) | -2.0% | Hyderabad, Telangana, India | |||
| H.G. Karnal-Ringroad Private Limited | ₹359.47 Cr (FY 2025) | 65.0% | Jodhpur, Rajasthan, India | |||
| Igatpuri Highway Private Limitedthis company | ₹357.68 Cr (FY 2025) | ₹71.38 Cr | 20% | 9.0% | Mumbai, Maharashtra, India | |
| Devanahalli Tollway Private Limited | ₹357.58 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| BG Bhadrak Baleshwar Highway Private Limited | ₹356.21 Cr (FY 2025) | 60.0% | New Delhi, Delhi, India | |||
| Ulccs Kasaragod Expressway Private Limited | ₹355.48 Cr (FY 2025) | -14.0% | Kozhikode, Kerala, India | |||
| Dhatarwal Construction Company Private Limited | ₹354.56 Cr (FY 2025) | -15.0% | Bhiwani, Haryana, India |
To see the full peer comparison of Igatpuri Highway Private Limited, buy the company report.
Auditor
Igatpuri Highway Private Limited is audited by M. P. Chitale & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. P. Chitale & Co. | FY 2023 | 101851W |
Shareholding
The shareholding of Igatpuri Highway Private 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 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Igatpuri Highway Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2017 | 100114639 | Idbi Trusteeship Services Limited | ₹498.33 Cr | Satisfied | |
| 27 Sep 2013 | 10454900 | Punjab National Bank | ₹173.7 Cr | Satisfied | |
| 01 Jun 2006 | 10006645 | Idbi Trusteeship Services Limited | ₹650 Cr | Satisfied |
To see the full charge records of Igatpuri Highway Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Igatpuri Highway Private Limited has 6 deals on record (4 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹172.12 Cr; the latest was in September 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Paruchuri Sri Hari & Interise Trust, Interise Trust Seller: Cactus Bermuda I LP, Bif India Holdings Pte Limited |
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: Bif India Holdings Pte Limited Seller: B E Billimoria and Company Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Cactus Bermuda I LP, Cactus Bermuda V LP, Cactus Bermuda Iv Lp Seller: Sadbhav Engineering Limited , Gammon Projects Developers Limited , 2 individuals |
| Feb 2016 | Debt financing | ₹125.12 Cr | Investors: Bif India Cactus India Pte Limited |
| Dec 2006 | Funding round | ₹47 Cr | Investors: Ajr Infra and Tolling Limited , Sadbhav Engineering Limited |
To see the full deal history of Igatpuri Highway Private 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
Igatpuri Highway Private Limited has 13 court cases on record: 6 filed by Igatpuri Highway, 7 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 5 | 3 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by M/S. Liberty Oil Mills Limited | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax C 4 | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against National Highways Authority of India | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-Central-4 | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
To see the full case history of Igatpuri Highway Private 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.
Credit ratings & regulatory alerts
Igatpuri Highway Private Limited was last rated by Icra on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Igatpuri Highway Private Limited, buy the company report.
MSME payment delays
Igatpuri Highway Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 9 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Anand Construwell Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Igatpuri Highway Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Igatpuri Highway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM3349K1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Igatpuri Highway Private Limited, buy the company report.
Recent activity
Igatpuri Highway Private Limited has 40 board changes on record since 2007: 4 appointments and 36 cessations. The latest: Dhaval Kamleshkumar Shah ceased to be Additional Director on 23 Sep 2025.
39 earlier events are in the company report.
Frequently asked questions
Igatpuri Highway is an active private 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 22 July 2005 (21+ years old) and is registered under CIN U45203MH2005PTC155016.
Igatpuri Highway has 4 current directors:
- Rajumani Madhavan - Director
- Pushkar Priyadarshi - Director
- Paruchuri Sri Hari - Director
- Dhaval Kamleshkumar Shah - Director
The latest financial statements of Igatpuri Highway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Igatpuri Highway is 27AAECM3349K1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Igatpuri Highway is U45203MH2005PTC155016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igatpuri Highway has 13 court cases on record: 6 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Igatpuri Highway was incorporated on 22 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Igatpuri Highway has 6 deals on record (4 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹172.12 Cr; the latest was in September 2024.
The peers of Igatpuri Highway by revenue are Kmvpl Khammam-Devarapalle Highway Private Limited, Calicut Expressway Private Limited, GR Govindpur Rajura Highway Private Limited, GKC Projects Limited, H.G. Karnal-Ringroad Private Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Dhaval Kamleshkumar Shah ceased to be Additional Director on 23 Sep 2025. Dhaval Kamleshkumar Shah was appointed as Director on 03 Sep 2025. Pushkar Priyadarshi ceased to be Additional Director on 24 Sep 2024. Igatpuri Highway has 40 board changes on record in total.
Igatpuri Highway has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 9 overdue payments to 3 micro and small suppliers. The latest return was filed on 31 Oct 2019.
Igatpuri Highway can be reached through the website peakinfra.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
