About Jharkhand Road Projects Implementation Company Limited
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Jharkhand Road Projects Implementation Company Limited is a public limited company based in Ranchi, Jharkhand, India, a subsidiary of Infrastructure Leasing & Financial Services Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 04 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ranchi, under CIN U45200JH2009PLC013693. Its GSTIN is 20AACCJ2207M1ZZ (Jharkhand).
The company has an authorised share capital of ₹320 Cr and a paid-up capital of ₹259.5 Cr. It is led by directors including Ajay Gopalkrishnan Menon and Sachin Suresh Joshi.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 443 A Road No. 5 Ashok Nagar, Ranchi, Jharkhand, India – 834002.
As per the financials filed for FY 2025, the company reported a revenue of ₹312.4 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹142.15 Cr (net margin 45.5%) and EBITDA of ₹142.15 Cr (EBITDA margin 45.5%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
As per MCA filings, the company has open charges of ₹1,730 Cr and satisfied charges of ₹1,947.76 Cr on record. Court records list 23 cases involving the company, including 6 filed by the company and 17 filed against it; 5 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹259.45 Cr; the latest was in January 2012. 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 M G Banshidhar Private Limited with revenue of ₹314.82 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 5 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 itnlindia.com.
Company details
Contact details
Jharkhand Road Projects Implementation Company Limited's registered office is in Ranchi, Jharkhand. Its website is itnlindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address443 A Road No. 5 Ashok Nagar, Ranchi, Jharkhand, India – 834002
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Jharkhand Road Projects Implementation 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
Business activity
The main business activity of Jharkhand Road Projects Implementation Company 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 Jharkhand Road Projects Implementation Company Limited, buy the company report.
Financials of Jharkhand Road Projects Implementation Company Limited
FY 2025 filings availableJharkhand Road Projects Implementation Company Limited reported revenue of ₹312.4 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 11% fall in the latest year. EBITDA rose 136% 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 | ₹142.15 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹142.15 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 | 45.5% | ||||
| Net Profit Margin | 45.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Jharkhand Road Projects Implementation Company Limited, buy the company report.
Board of directors of Jharkhand Road Projects Implementation Company Limited
Jharkhand Road Projects Implementation Company has 4 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Gopalkrishnan Menon | Nominee Director | 29 May 2025 | 1 Years 5 Months | Current |
| Sachin Suresh Joshi | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
| Krishna Dhondu Ghag | Nominee Director | 29 May 2025 | 1 Years 5 Months | Current |
| Rajnish Saxena | Nominee Director | 20 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Jharkhand Road Projects Implementation Company 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 |
|---|---|---|---|---|---|---|
| M G Banshidhar Private Limited | ₹314.82 Cr (FY 2025) | 44.0% | Delhi, India | |||
| CDS Dak-2 Expressway Private Limited | ₹313.35 Cr (FY 2025) | -27.0% | Delhi, India | |||
| Apco Vikramshila Expressway Private Limited | ₹313.1 Cr (FY 2025) | 4.0% | Lucknow, Uttar Pradesh, India | |||
| Markolines Pavement Technologies Limited | ₹312.8 Cr (FY 2025) | -11.0% | Navi Mumbai, Maharashtra, India | |||
| Jharkhand Road Projects Implementation Company Limitedthis company | ₹312.4 Cr (FY 2025) | ₹142.15 Cr | 45.5% | -11.0% | Ranchi, Jharkhand, India | |
| Patel KNR Heavy Infrastructures Limited | ₹311.24 Cr (FY 2025) | 606.0% | Hyderabad, Telangana, India | |||
| Ahmedabad - Maliya Tollway Private Limited | ₹310.54 Cr (FY 2025) | 9.0% | Sriperumbudur, Tamil Nadu, India | |||
| M & S Paving Private Limited | ₹308 Cr (FY 2025) | 75.0% | Chas, Jharkhand, India | |||
| Topline Infra-Projects Private Limited | ₹307.87 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Jharkhand Road Projects Implementation Company Limited, buy the company report.
Auditor
Jharkhand Road Projects Implementation Company Limited is audited by K.S. Aiyar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.S. Aiyar & Co. | FY 2023 | 100186W |
Shareholding
The shareholding of Jharkhand Road Projects Implementation Company Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Jharkhand Road Projects Implementation Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 May 2017 | 100097748 | Idbi Trusteeship Services Limited | ₹1,730 Cr | Open | |
| 17 Mar 2014 | 10488170 | Il&Fs Financial Services Limited | ₹155.7 Cr | Satisfied | |
| 05 Dec 2011 | 10322701 | Idbi Trusteeship Services Limited | ₹181.5 Cr | Satisfied | |
| 22 Nov 2011 | 10319866 | Idbi Trusteeship Services Limited | ₹373 Cr | Satisfied | |
| 16 Jun 2010 | 10226685 | Il & Fs Trust Company Limited | ₹86.22 Cr | Satisfied |
To see the full charge records of Jharkhand Road Projects Implementation Company Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Jharkhand Road Projects Implementation Company Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹259.45 Cr; the latest was in January 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2012 | Funding round | ₹89.28 Cr | Investors: Il&Fs Transportation Networks Limited |
| Feb 2010 | Funding round | ₹170.17 Cr | Investors: Il&Fs Transportation Networks Limited , INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LIMITED |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jharkhand Road Projects Implementation Company Limited has 23 court cases on record: 6 filed by Jharkhand Road Projects Implementation Company, 17 filed against it. 5 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 1 |
| High courts | 9 | 4 | 3 |
| Supreme Court | 3 | 3 | 1 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, JHARKHAND | Court case (Cont.(Cvl)) | Filed by the company against M/S Jharkhand Accelerated Road Development Company Limited (Acting Through Its Managing Director) and 6 others | Pending |
| District court, Ranchi, Jharkhand | Commercial matter | Filed against the company by GKC Projects Limited | Pending |
| District court, Ranchi, Jharkhand | Interim or miscellaneous application | Filed against the company by M/S Sadbhav Engineering Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Sadbhav Engineering Limited & Anr. and 1 other | Disposed |
| District court, Ranchi, Jharkhand | Commercial matter | Filed against the company by Sadbhav Engineering Limited | Disposed |
To see the full case history of Jharkhand Road Projects Implementation 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.
Credit ratings & regulatory alerts
Jharkhand Road Projects Implementation Company Limited was last rated by Crisil on 25 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Jan 2021 |
To see the full credit ratings and regulatory alerts of Jharkhand Road Projects Implementation Company Limited, buy the company report.
MSME payment delays
Jharkhand Road Projects Implementation Company Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sa Infrastructure Consultants Private Limited | |||
| FP India Project Management Consultancy Services Private Limited | |||
| Chilvilkar Solanki & Associates | |||
| an individual supplier | |||
| Current Infraprojects Limited |
To see the full MSME payment records of Jharkhand Road Projects Implementation Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Jharkhand Road Projects Implementation Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AACCJ2207M1ZZ | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jharkhand Road Projects Implementation Company Limited, buy the company report.
Recent activity
Jharkhand Road Projects Implementation Company Limited has 27 board changes on record since 2011: 4 appointments and 23 cessations. The latest: Sachin Suresh Joshi was appointed as Additional Director on 14 Nov 2025.
42 earlier events are in the company report.
News
Frequently asked questions
Jharkhand Road Projects Implementation Company is an active public limited company based in Ranchi, Jharkhand, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 04 August 2009 (17+ years old) and is registered under CIN U45200JH2009PLC013693.
Jharkhand Road Projects Implementation Company has 4 current directors:
- Ajay Gopalkrishnan Menon - Nominee Director
- Sachin Suresh Joshi - Additional Director
- Krishna Dhondu Ghag - Nominee Director
- Rajnish Saxena - Nominee Director
The latest financial statements of Jharkhand Road Projects Implementation Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jharkhand Road Projects Implementation Company is 20AACCJ2207M1ZZ, registered in Jharkhand.
The CIN (Corporate Identification Number) of Jharkhand Road Projects Implementation Company is U45200JH2009PLC013693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jharkhand Road Projects Implementation Company has 23 court cases on record: 6 filed by the company and 17 filed against it. 5 are pending. Most are in the district courts.
Jharkhand Road Projects Implementation Company was incorporated on 04 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ranchi.
Jharkhand Road Projects Implementation Company has 2 deals on record (2 funding rounds), with disclosed funding of ₹259.45 Cr; the latest was in January 2012.
The peers of Jharkhand Road Projects Implementation Company by revenue are M G Banshidhar Private Limited, CDS Dak-2 Expressway Private Limited, Apco Vikramshila Expressway Private Limited, Markolines Pavement Technologies Limited, Patel KNR Heavy Infrastructures Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sachin Suresh Joshi was appointed as Additional Director on 14 Nov 2025. Ajay Gopalkrishnan Menon ceased to be Additional Director on 21 Sep 2025. Krishna Dhondu Ghag ceased to be Additional Director on 21 Sep 2025. Jharkhand Road Projects Implementation Company has 27 board changes on record in total.
Jharkhand Road Projects Implementation Company has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 13 May 2021.
Jharkhand Road Projects Implementation Company can be reached through the website itnlindia.com. Its registered office is in Ranchi, Jharkhand, India.
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