MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0107833
Jalpa Devi Tollways Private Limited - construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹175.21 Cr
▲ 4% YoY
Net profit · FY 2025
₹42.79 Cr
Net margin 24.4%
EBITDA · FY 2025
₹128.1 Cr
EBITDA margin 73.1%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹4.04 Cr
Issued & subscribed
Open charges
₹630.21 Cr
Satisfied ₹9,031 Cr
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
About Jalpa Devi Tollways Private Limited
Data last updated:
Jalpa Devi Tollways Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Dilip Buildcon Limited. It operates in the utility projects segment of the construction sector. It was incorporated on 06 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2015PTC381265. Its GSTIN is 23AADCJ5526G1ZT (Madhya Pradesh).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.04 Cr. It is led by directors Piyush Sheetalchand Jain and Hanuman Ram Suthar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹175.21 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹42.79 Cr (net margin 24.4%) and EBITDA of ₹128.1 Cr (EBITDA margin 73.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹630.21 Cr and satisfied charges of ₹9,031 Cr on record. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹219.95 Cr; the latest was in September 2022. Its 7 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 4 smaller; the largest is Baba Hans Constructions Private Limited with revenue of ₹176.09 Cr.
Jalpa Devi Tollways Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0107833). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dilipbuildcon.com.
Company details
CIN U45203MH2015PTC381265
Registration Number 381265
Incorporation Date 06 August 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Dilip Buildcon Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0107833
CIN history
Jalpa Devi Tollways has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45203MH2015PTC381265, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2015PTC381265 | Current |
| U45203MH2015PLC381265 | Previous |
| U45203MP2015PLC034538 | Previous |
Recognitions & Rankings of Jalpa Devi Tollways
Contact details
Jalpa Devi Tollways Private Limited's registered office is in Mumbai, Maharashtra. Its website is dilipbuildcon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1001 10th Floor Viraj Towers Jn. Of Andheri Kurla Road, W. E. Highway Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryConstruction, Utility Projects, Roads, Railways
To see the full contact details of Jalpa Devi Tollways Private Limited, buy the company report.
Comprehensive company report
Jalpa Devi Tollways Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Jalpa Devi Tollways 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 Jalpa Devi Tollways Private Limited, buy the company report.
Financials of Jalpa Devi Tollways Private Limited
FY 2025 filings availableJalpa Devi Tollways Private Limited reported revenue of ₹175.21 Cr (up 4% YoY) for FY 2025.
Revenue · FY 2025
₹175.21 Cr ▲ 4%
Net profit · FY 2025
₹42.79 Cr margin 24.4%
EBITDA · FY 2025
₹128.1 Cr margin 73.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 5%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 4% growth in the latest year. EBITDA rose 22% 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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| Total Expenses | |||||
| EBITDA | ₹128.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42.79 Cr | ||||
| Balance Sheet | |||||
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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 | 73.1% | ||||
| Net Profit Margin | 24.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Jalpa Devi Tollways Private Limited, buy the company report.
Board of directors of Jalpa Devi Tollways Private Limited
Jalpa Devi Tollways has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Sheetalchand Jain Also directs: RS Infra Advisors and Consultants LLP, Shrem Asbri BG Limited, Raichur Sindhanur Highways Private Limited and 5 more | Director | 22 Oct 2021 | 5 Years 0 Months | Current |
| Hanuman Ram Suthar | Additional Director | 09 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Jalpa Devi Tollways Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Baba Hans Constructions Private Limited | ₹176.09 Cr (FY 2025) | -39.0% | Patna, Bihar, India | |||
| Vijayapura Athani Highways Private Limited | ₹176 Cr (FY 2025) | -5.0% | Udaipur, Rajasthan, India | |||
| Ircon Shivpuri Guna Tollway Limited | ₹175.88 Cr (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Jalpa Devi Tollways Private Limitedthis company | ₹175.21 Cr (FY 2025) | ₹42.79 Cr | 24.4% | 4.0% | Mumbai, Maharashtra, India | |
| Nanasa Pidgaon Road Limited | ₹174.97 Cr (FY 2025) | -36.0% | Ahmedabad, Gujarat, India | |||
| Western Up Tollway Private Limited | ₹173.84 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Jra Infrastructure Limited | ₹173.78 Cr (FY 2023) | -19.0% | Deesa, Gujarat, India | |||
| Rajkot-Vadinar Tollway Private Limited | ₹173.04 Cr (FY 2025) | 10.0% | Sriperumbudur, Tamil Nadu, India |
To see the full peer comparison of Jalpa Devi Tollways Private Limited, buy the company report.
Auditor
Jalpa Devi Tollways Private Limited is audited by S.L. Chhajed & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.L. Chhajed & Co. LLP | FY 2023 | 000709C/ C400277 |
Shareholding
The shareholding of Jalpa Devi Tollways 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jalpa Devi Tollways Private Limited, buy the company report.
Charges & borrowings
Open charges
₹630.21 Cr
Satisfied charges
₹9,031 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2021 | 100480198 | Others | ₹630.21 Cr | Open | |
| 04 Aug 2023 | 100766910 | Sbicap Trustee Company Limited | ₹860 Cr | Satisfied | |
| 12 Oct 2022 | 100625003 | Sbicap Trustee Company Limited | ₹4,086 Cr | Satisfied | |
| 23 Jul 2021 | 100469582 | Sbicap Trustee Company Limited | ₹3,431 Cr | Satisfied | |
| 02 Jun 2016 | 100040255 | Idbi Trusteeship Services Limited | ₹654 Cr | Satisfied |
To see the full charge records of Jalpa Devi Tollways Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Jalpa Devi Tollways Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹219.95 Cr; the latest was in September 2022.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹219.95 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shrem Tollway Private Limited |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Shrem Tollway Private Limited Seller: Dilip Buildcon Limited |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: Shrem Tollway Private Limited Seller: Dilip Buildcon Limited |
| Sep 2017 | Funding round | ₹45.18 Cr | Investors: Dilip Buildcon Limited |
| Sep 2016 | Funding round | ₹174.77 Cr | Investors: Dilip Buildcon Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Jalpa Devi Tollways Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Jalpa Devi Tollways Private Limited was last rated by Care on 09 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Mar 2021 |
To see the full credit ratings and regulatory alerts of Jalpa Devi Tollways Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jalpa Devi Tollways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jalpa Devi Tollways has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCJ5526G1ZT | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jalpa Devi Tollways Private Limited, buy the company report.
Recent activity
Jalpa Devi Tollways Private Limited has 14 board changes on record since 2018: 3 appointments and 11 cessations. The latest: Hanuman Ram Suthar was appointed as Additional Director on 09 Oct 2025.
Appointed
Hanuman Ram Suthar was appointed as Additional Director.
AGM
Jalpa Devi Tollways Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 04 Aug 2023 via Charge ID 100766910 with Sbicap Trustee Company Limited was fully satisfied on 20 Jun 2025.
Charges
A charge registered on 12 Oct 2022 via Charge ID 100625003 with Sbicap Trustee Company Limited was fully satisfied on 20 Jun 2025.
Charges
A charge registered on 23 Jul 2021 via Charge ID 100469582 with Sbicap Trustee Company Limited was fully satisfied on 18 Jun 2025.
Filing
Jalpa Devi Tollways Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 860.00 Cr with Charge ID 100766910 was registered on 04 Aug 2023.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 4,086.00 Cr with Charge ID 100625003 was registered on 12 Oct 2022.
Ceased
Mukesh Ravish Chander Jain ceased to be Additional Director.
Ceased
Piyush Sheetalchand Jain ceased to be Additional Director.
Appointed
Mukesh Ravish Chander Jain was appointed as Director.
Appointed
Piyush Sheetalchand Jain was appointed as Director.
15 earlier events are in the company report.
News
Frequently asked questions
Jalpa Devi Tollways is an active private limited company based in Mumbai, Maharashtra, India. The company works in utility projects, within the construction industry. It was incorporated on 06 August 2015 (11+ years old) and is registered under CIN U45203MH2015PTC381265.
Jalpa Devi Tollways has 2 current directors:
- Piyush Sheetalchand Jain - Director
- Hanuman Ram Suthar - Additional Director
The latest financial statements of Jalpa Devi Tollways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Jalpa Devi Tollways is 23AADCJ5526G1ZT, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Jalpa Devi Tollways is U45203MH2015PTC381265. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jalpa Devi Tollways was incorporated on 06 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Jalpa Devi Tollways has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹219.95 Cr; the latest was in September 2022.
The peers of Jalpa Devi Tollways by revenue are Baba Hans Constructions Private Limited, Vijayapura Athani Highways Private Limited, Ircon Shivpuri Guna Tollway Limited, Nanasa Pidgaon Road Limited, Western Up Tollway Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Hanuman Ram Suthar was appointed as Additional Director on 09 Oct 2025. Mukesh Ravish Chander Jain ceased to be Additional Director on 29 Nov 2021. Piyush Sheetalchand Jain ceased to be Additional Director on 29 Nov 2021. Jalpa Devi Tollways has 14 board changes on record in total.
Yes, Jalpa Devi Tollways is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0107833).
Jalpa Devi Tollways can be reached through the website dilipbuildcon.com. Its registered office is in Mumbai, Maharashtra, India.