About Irb Westcoast Tollway Limited
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Irb Westcoast Tollway Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Irb Infrastructure Developers Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 22 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2012PLC234786. Its GSTIN is 27AADCI0366F1ZS (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹174.19 Cr and a paid-up capital of ₹174.19 Cr. It was formerly known as Irb Westcoast Tollway Private Limited. It is led by directors including Shilpa Chandrashekhar Todankar and Abhay Prabhakar Phatak.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1101 Hiranandani Knowledge Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹140.89 Cr. For the same year it recorded a net loss of ₹304.77 Cr (net margin -216.3%) and EBITDA of ₹61.58 Cr (EBITDA margin 43.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.
The company is associated with 1 brand: IRB Infrastructure Developers. As per MCA filings, the company has open charges of ₹960.53 Cr and satisfied charges of ₹1,406 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 7 cases are pending. The company has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹43.99 Cr; the latest was in February 2020. Its 8 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 4 larger and 4 smaller; the largest is Meil Tejajinagar Balwara Roadways Private Limited with revenue of ₹142.7 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website irb.co.in.
Company details
CIN history
Irb Westcoast Tollway has one previous CIN (Corporate Identification Number): U45400MH2012PTC234786. The current CIN is U45400MH2012PLC234786, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400MH2012PLC234786 | Current |
| U45400MH2012PTC234786 | Previous |
Contact details
Irb Westcoast Tollway Limited's registered office is in Mumbai, Maharashtra. Its website is irb.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Hill Side Avenue Powa, I, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Irb Westcoast Tollway 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
Irb Westcoast Tollway operates one associated brand: IRB Infrastructure Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure development services | irb.co.in |
Business activity
The main business activity of Irb Westcoast Tollway 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 Irb Westcoast Tollway Limited, buy the company report.
Financials of Irb Westcoast Tollway Limited
FY 2025 filings availableIrb Westcoast Tollway Limited reported revenue of ₹140.89 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years. EBITDA fell 4% 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 | ₹61.58 Cr | ||||
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| Net Profit (PAT) | -₹304.77 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 | 43.7% | ||||
| Net Profit Margin | -216.3% | ||||
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To see the full financial statements and ratios of Irb Westcoast Tollway Limited, buy the company report.
Board of directors of Irb Westcoast Tollway Limited
Irb Westcoast Tollway has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Chandrashekhar Todankar | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Abhay Prabhakar Phatak | Director | 09 Mar 2022 | 4 Years 7 Months | Current |
| Chandrashekhar Shankarrao Kaptan Also directs: CG Tollway Limited, Irb Surat Dahisar Tollway Limited, Irb Talegaon Amravati Tollway Limited and 4 more | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Ranjana Vinay Paranjape | Director | 06 Oct 2021 | 5 Years 1 Months | Current |
Peer comparison
Irb Westcoast Tollway Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Meil Tejajinagar Balwara Roadways Private Limited | ₹142.7 Cr (FY 2025) | -73.0% | Hyderabad, Telangana, India | |||
| NKC KK Expressway Private Limited | ₹142.66 Cr (FY 2025) | -30.0% | Dwarka, Delhi, India | |||
| GR Amritsar Bathinda Highway Private Limited | ₹141.45 Cr (FY 2025) | -30.0% | Udaipur, Rajasthan, India | |||
| Meil Vijayawada Bypass Roadways Private Limited | ₹141.36 Cr (FY 2025) | -22.0% | Hyderabad, Telangana, India | |||
| Irb Westcoast Tollway Limitedthis company | ₹140.89 Cr (FY 2025) | -₹304.77 Cr | -216.3% | Mumbai, Maharashtra, India | ||
| Ae Tollway Limited | ₹139.66 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Ashoka Banwara Bettadahalli Road Private Limited | ₹138.89 Cr (FY 2025) | -30.0% | New Delhi, Delhi, India | |||
| Vadodara Kim Expressway Private Limited | ₹138.87 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India | |||
| Alok Buildtech Private Limited | ₹138.76 Cr (FY 2022) | 8.0% | Durg, Chhattisgarh, India |
To see the full peer comparison of Irb Westcoast Tollway Limited, buy the company report.
Auditor
Irb Westcoast Tollway Limited is audited by GOKHALE & SATHE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOKHALE & SATHE | FY 2023 | 103264W |
Shareholding
The shareholding of Irb Westcoast Tollway 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 Irb Westcoast Tollway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2023 | 100799850 | Others | ₹960.53 Cr | Open | |
| 24 Dec 2013 | 10469161 | Idbi Trusteeship Services Limited | ₹1,406 Cr | Satisfied |
To see the full charge records of Irb Westcoast Tollway Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Irb Westcoast Tollway Limited has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹43.99 Cr; the latest was in February 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Trust Seller: Irb Infrastructure Developers Limited |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Developers Limited Seller: Irb Goa Tollway Private Limited |
| Feb 2016 | Rights issue | ₹66.27 Cr | Investors: Irb Infrastructure Developers Limited , Irb Goa Tollway Private Limited |
| Apr 2014 | Rights issue | ₹63.92 Cr | Investors: Irb Infrastructure Developers Limited |
| Mar 2014 | Funding round | ₹43.99 Cr | Investors: Irb Infrastructure Developers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Irb Westcoast Tollway Limited has 12 court cases on record: 3 filed by Irb Westcoast Tollway, 9 filed against it. 7 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 5 | 4 |
| District courts | 3 | 3 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by National Highways Authority of India | Pending |
| High Court, MAHARASHTRA | Court case (COMFA) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by National Highways Authority of India | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by an individual | Pending |
To see the full case history of Irb Westcoast Tollway 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
Irb Westcoast Tollway Limited was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Irb Westcoast Tollway Limited, buy the company report.
MSME payment delays
Irb Westcoast Tollway Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Irb Westcoast Tollway Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Irb Westcoast Tollway has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI0366F1ZS | Maharashtra | Active | 01 Jul 2017 |
| 29AADCI0366F1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Irb Westcoast Tollway Limited, buy the company report.
Recent activity
Irb Westcoast Tollway Limited has 18 board changes on record since 2016: 4 appointments and 14 cessations. The latest: Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022.
13 earlier events are in the company report.
News
Frequently asked questions
Irb Westcoast Tollway 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 22 August 2012 (14+ years old) and is registered under CIN U45400MH2012PLC234786.
Irb Westcoast Tollway has 4 current directors:
- Shilpa Chandrashekhar Todankar - Director
- Abhay Prabhakar Phatak - Director
- Chandrashekhar Shankarrao Kaptan - Director
- Ranjana Vinay Paranjape - Director
The latest financial statements of Irb Westcoast Tollway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Irb Westcoast Tollway is 27AADCI0366F1ZS, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AADCI0366F1ZO (Karnataka).
The CIN (Corporate Identification Number) of Irb Westcoast Tollway is U45400MH2012PLC234786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Irb Westcoast Tollway has 12 court cases on record: 3 filed by the company and 9 filed against it. 7 are pending. Most are in the high courts.
Irb Westcoast Tollway was incorporated on 22 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Irb Westcoast Tollway has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹43.99 Cr; the latest was in February 2020.
The peers of Irb Westcoast Tollway by revenue are Meil Tejajinagar Balwara Roadways Private Limited, NKC KK Expressway Private Limited, GR Amritsar Bathinda Highway Private Limited, Meil Vijayawada Bypass Roadways Private Limited, Ae Tollway Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022. Ranjana Vinay Paranjape ceased to be Additional Director on 22 Jun 2022. Abhay Prabhakar Phatak was appointed as Director on 09 Mar 2022. Irb Westcoast Tollway has 18 board changes on record in total.
Irb Westcoast Tollway has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 19 Sep 2020.
Irb Westcoast Tollway can be reached through the website irb.co.in. Its registered office is in Mumbai, Maharashtra, India.
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