About Il&Fs Rail Limited
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Il&Fs Rail Limited is a public limited company based in Gurgaon, Haryana, India, a subsidiary of Infrastructure Leasing And Financial Services Limited. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 19 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63040HR2008PLC039089. Its GSTIN is 06AABCI8621F2ZR (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹826.69 Cr. It was formerly known as Itnl Enso Rail Systems Limited. It is led by directors including Dheeraj Kumar and Rakesh Chatterjee.
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 Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.31 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.66 Cr (net margin 95.5%) and EBITDA of ₹13.78 Cr (EBITDA margin 96.3%). Revenue has grown at a compounded annual rate (CAGR) of 487% over three years and 144% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹100 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 1 case is pending. The company has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 acquisition), with disclosed funding of ₹826.64 Cr; the latest was in March 2018. The company has 29 MSME Form 1 returns on record between 2018 and 2024, listing 300 overdue payments to 9 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 ilfsindia.com.
Company details
CIN history
Il&Fs Rail has one previous CIN (Corporate Identification Number): U63040MH2008PLC179118. The current CIN is U63040HR2008PLC039089, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63040HR2008PLC039089 | Current |
| U63040MH2008PLC179118 | Previous |
Contact details
Il&Fs Rail Limited's registered office is in Gurgaon, Haryana. Its website is ilfsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O India Accelerator P Ltd C17 1st, Floor Mgf Metropolis Mall Sec – 28, Gurgaon, Haryana, India – 122002
- IndustryInfrastructure and Utilities, Railway Infrastructure Development
To see the full contact details of Il&Fs Rail 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 Il&Fs Rail is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
Financials of Il&Fs Rail Limited
FY 2025 filings availableIl&Fs Rail Limited reported revenue of ₹14.31 Cr (up 217% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 144% over five years, including 217% growth in the latest year. EBITDA rose 278% 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 | ₹13.78 Cr | ||||
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| Net Profit (PAT) | ₹13.66 Cr | ||||
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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 | 96.3% | ||||
| Net Profit Margin | 95.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Il&Fs Rail Limited, buy the company report.
Board of directors of Il&Fs Rail Limited
Il&Fs Rail has 3 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dheeraj Kumar Also directs: Noida Toll Bridge Company Limited, Rapid Metrorail Gurgaon South Limited, Rapid Metrorail Gurgaon Limited and 2 more | Director | 07 Mar 2024 | 2 Years 7 Months | Current |
| Rakesh Chatterjee Also directs: Noida Toll Bridge Company Limited, Rapid Metrorail Gurgaon South Limited, Roadstar Infra Private Limited and 1 more | Director | 29 Aug 2022 | 4 Years 2 Months | Current |
| Milind Ramesh Gandhi Also directs: Rapid Metrorail Gurgaon South Limited, Rapid Metrorail Gurgaon Limited, Gricl Rail Bridge Development Company Limited and 4 more | Director | 30 Sep 2022 | 4 Years 1 Months | Current |
Auditor
Il&Fs Rail Limited is audited by S.N. Dhawan & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & CO LLP | FY 2024 | 000050N/N500045 |
Shareholding
The shareholding of Il&Fs Rail Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Il&Fs Rail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2012 | 10399951 | Yes Bank Limited | ₹100 Cr | Satisfied |
To see the full charge records of Il&Fs Rail Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Il&Fs Rail Limited has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 acquisition), with disclosed funding of ₹826.64 Cr; the latest was in March 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Acquisition | ₹372.51 Cr | Buyer: Vistra Itcl (India) Limited Seller: Il&Fs Transportation Networks Limited |
| Mar 2016 | Funding round | ₹146.49 Cr | Investors: Il&Fs Transportation Networks Limited |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Enso Infrastructures Private Limited Seller: Il&Fs Transportation Networks Limited |
| Aug 2014 | Funding round | ₹225.26 Cr | Investors: Il&Fs Transportation Networks Limited |
| Jan 2013 | Funding round | ₹286.93 Cr | Investors: Il&Fs Transportation Networks Limited , Enso Infrastructures Private Limited , ILL&FS Employees Welfare Trust |
To see the full deal history of Il&Fs Rail 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
Il&Fs Rail Limited has 11 court cases on record: 3 filed by Il&Fs Rail, 8 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 4 | 0 |
| High courts | 3 | 2 | 0 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by M/S. NKC Projects Pvt. Ltd. and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S. NKC Projects Pvt. Ltd. and 1 other | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by B.E. Contracts Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Enso Pvt Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Enso Private Ltd. | Disposed |
To see the full case history of Il&Fs Rail 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
Il&Fs Rail Limited was last rated by Icra on 12 Jul 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 Jul 2017 |
To see the full credit ratings and regulatory alerts of Il&Fs Rail Limited, buy the company report.
MSME payment delays
Il&Fs Rail Limited has 29 MSME Form 1 returns on record between 2018 and 2024, listing 300 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Astrazure Legal Services Private Limited | |||
| an individual supplier | |||
| Kriti Advisory Services Private Limited | |||
| Construction Catalysers Private Limited |
To see the full MSME payment records of Il&Fs Rail Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Il&Fs Rail has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Rapid Metrorail Gurgaon South Limited | U35990HR2012PLC046882 | |
| Rapid Metrorail Gurgaon Limited | U60200HR2009PLC039116 |
To see the full group structure of Il&Fs Rail Limited, buy the company report.
Employees & EPFO
Il&Fs Rail Limited has a workforce of 1 employees on its EPFO records as of Oct 13, 2025, across 1 active EPFO establishment.
GST
Il&Fs Rail has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI8621F2ZR | Haryana | Active | 01 Jul 2025 |
To see the full GST registrations and return filing status of Il&Fs Rail Limited, buy the company report.
Recent activity
Il&Fs Rail Limited has 29 board changes on record since 2009: 4 appointments and 25 cessations. The latest: Dheeraj Kumar ceased to be Additional Director on 29 Sep 2024.
22 earlier events are in the company report.
News
Frequently asked questions
Il&Fs Rail is an active public limited company based in Gurgaon, Haryana, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 19 February 2008 (18+ years old) and is registered under CIN U63040HR2008PLC039089.
Il&Fs Rail has 3 current directors:
- Dheeraj Kumar - Director
- Rakesh Chatterjee - Director
- Milind Ramesh Gandhi - Director
The latest financial statements of Il&Fs Rail 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 Il&Fs Rail is 06AABCI8621F2ZR, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Il&Fs Rail is U63040HR2008PLC039089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Il&Fs Rail has 11 court cases on record: 3 filed by the company and 8 filed against it. 1 is pending. Most are in the nclat.
Il&Fs Rail was incorporated on 19 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
Il&Fs Rail has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 acquisition), with disclosed funding of ₹826.64 Cr; the latest was in March 2018.
Dheeraj Kumar ceased to be Additional Director on 29 Sep 2024. Dheeraj Kumar was appointed as Director on 07 Mar 2024. Ajay Swaminathan Vaidyanath ceased to be Nominee Director on 29 Feb 2024. Il&Fs Rail has 29 board changes on record in total.
Il&Fs Rail has 29 MSME Form 1 returns on record between 2018 and 2024, listing 300 overdue payments to 9 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Il&Fs Rail can be reached through the website ilfsindia.com. Its registered office is in Gurgaon, Haryana, India.
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