About Kalyan Toll Infrastructure Limited
Data last updated:
Kalyan Toll Infrastructure Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 03 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45203MP2002PLC015157. Its GSTIN is 23AACCK1840M1ZN (Madhya Pradesh). The company holds 9 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹63.1 Cr and a paid-up capital of ₹63.09 Cr. It is led by directors including Rajesh Kumar Garg (Managing Director) and Amit Kumar Garg (Whole-Time Director).
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 Vidya Deep 15/3 Manorama Ganj, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,278.71 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹197.01 Cr (net margin 15.4%) and EBITDA of ₹488.59 Cr (EBITDA margin 38.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 16% over five years.
The company has about 664 employees on its provident fund (EPFO) records. Its group structure includes 10 subsidiaries.
The company is associated with 1 brand: Kalyan Group. As per MCA filings, the company has open charges of ₹2,611.32 Cr and satisfied charges of ₹3,996.15 Cr on record. Court records list 190 cases involving the company, including 82 filed by the company and 108 filed against it; 61 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kalyangroup.in.
Company details
Contact details
Kalyan Toll Infrastructure Limited's registered office is in Indore, Madhya Pradesh. Its website is kalyangroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVidya Deep 15/3 Manorama Ganj, Indore, Madhya Pradesh, India – 452001
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Kalyan Toll Infrastructure 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
Kalyan Toll Infrastructure operates one associated brand: Kalyan Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers construction, infrastructure, and real estate services across India. | kalyangroup.in |
Business activity
The main business activities of Kalyan Toll Infrastructure are construction and trade. In detail, this covers roads, railways, utility projects and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Kalyan Toll Infrastructure Limited, buy the company report.
Financials of Kalyan Toll Infrastructure Limited
FY 2025 filings availableKalyan Toll Infrastructure Limited reported revenue of ₹1,278.71 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 14% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,278.71 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹488.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹197.01 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 | 38.2% | ||||
| Net Profit Margin | 15.4% | ||||
| 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 Kalyan Toll Infrastructure Limited, buy the company report.
Board of directors of Kalyan Toll Infrastructure Limited
Kalyan Toll Infrastructure has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Soni | Director | 01 Oct 2015 | 11 Years 0 Months | Current |
| Rajesh Kumar Garg | Managing Director | 03 Jul 2002 | 24 Years 3 Months | Current |
| Amit Kumar Garg Also directs: Lanco Hoskote Highway Limited, Kalyan Keti Toll Private Limited, Kalyan Infratech Private Limited and 5 more | Whole-Time Director | 03 Jul 2002 | 24 Years 3 Months | Current |
| Tikamchand Garg Also directs: Kalyanmal Realestate LLP, Kalyan Vista Hospitality LLP, Kalyan Toll Highways Private Limited and 5 more | Director | 03 Jul 2002 | 24 Years 3 Months | Current |
| Rajesh Kumar Shukla | Director | 17 Nov 2025 | 0 Years 11 Months | Current |
| Sunil Kumar Soni Also directs: Kalyaneshwar Real Trade Private Limited | Director | 17 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Kalyan Toll Infrastructure 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 |
|---|---|---|---|---|---|---|
| Meerut Budaun Expressway Limited | ₹2,143.64 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Rajasthan State Road Development and Construction Corporation Limited | ₹1,984.75 Cr (FY 2023) | 77.0% | Jaipur, Rajasthan, India | |||
| CDS Infra Projects Limited | ₹1,960.38 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India | |||
| Kaluwala Construction Private Limited | ₹1,916.38 Cr (FY 2025) | 48.0% | Gurugram, Haryana, India | |||
| M G Contractors Private Limited | ₹1,741.98 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Irb MP Expressway Private Limited | ₹1,735.34 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| S&P Infrastructure Developers Private Limited | ₹1,633.16 Cr (FY 2024) | 121.0% | New Delhi, Delhi, India | |||
| Uttar Pradesh State Bridge Corpn Limited | ₹1,619.03 Cr (FY 2020) | 11.0% | Uttar Pradesh, India | |||
| Kalyan Toll Infrastructure Limitedthis company | ₹1,278.71 Cr (FY 2025) | ₹197.01 Cr | 15.4% | 14.0% | 664 | Indore, Madhya Pradesh, India |
To see the full peer comparison of Kalyan Toll Infrastructure Limited, buy the company report.
Auditor
Kalyan Toll Infrastructure Limited is audited by SBA & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SBA & Company | FY 2023 | 004651C |
Shareholding
The shareholding of Kalyan Toll Infrastructure 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 Kalyan Toll Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2026 | 101271455 | Others | ₹1.51 Cr | Open | |
| 16 Jan 2026 | 101216364 | Others | ₹4.41 Cr | Open | |
| 12 Jan 2026 | 101230022 | Indian Overseas Bank | ₹30.5 Lakh | Open | |
| 09 Oct 2025 | 101167376 | Others | ₹92.65 Lakh | Open | |
| 12 Aug 2025 | 101139717 | Others | ₹50.79 Lakh | Open |
To see the full charge records of Kalyan Toll Infrastructure Limited, buy the company report.
Total charge records: 285 View all charges
Legal cases
Kalyan Toll Infrastructure Limited has 190 court cases on record: 82 filed by Kalyan Toll Infrastructure, 108 filed against it. 61 cases are pending and 129 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 92 | 39 | 31 |
| District courts | 72 | 57 | 29 |
| NCLAT | 11 | 8 | 0 |
| Supreme Court | 10 | 2 | 1 |
| NCLT | 5 | 2 | 0 |
Cases on record (5 of 190)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Madhya Pradesh Jal Nigam Maryadit | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Lanco Hoskote Highway Private Limited, and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Balajee Infratech and Constructions Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by The Tata Power Company Limited and Anr | Pending |
| High Court | Writ petition | Filed against the company by Cadman Security Services Pvt Ltd | Pending |
To see the full case history of Kalyan Toll Infrastructure 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
Kalyan Toll Infrastructure Limited was last rated by Brickwork on 18 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 18 May 2022 |
To see the full credit ratings and regulatory alerts of Kalyan Toll Infrastructure Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kalyan Toll Infrastructure Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kalyan Toll Infrastructure has 10 subsidiary companies and 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Lanco Hoskote Highway Limited | U45200TG2007PLC053124 | |
| Vaijapur Hasta Tollways Private Limited | U45201MP2018PTC045594 | |
| Vaijapur Pachod Tollways Private Limited | U45201MP2018PTC045676 | |
| Jalna Ghansawangi Highways Private Limited | U45309MP2018PTC045628 | |
| Kalyan Karamala Tembhurni Tollways Private Limited | U45309MP2021PTC054907 | |
| Kalyan Wada Manor Tollways Private Limited | U45309MP2021PTC054912 |
To see the full group structure of Kalyan Toll Infrastructure Limited, buy the company report.
Employees & EPFO
Kalyan Toll Infrastructure Limited has a workforce of 664 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Kalyan Toll Infrastructure has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCK1840M1ZN | Madhya Pradesh | Active | 01 Jul 2017 |
| 24AACCK1840M1ZL | Gujarat | Active | 01 Jul 2017 |
| 27AACCK1840M1ZF | Maharashtra | Active | 01 Jul 2017 |
| 22AACCK1840M2ZO | Chattisgarh | Active | 25 Mar 2019 |
To see the full GST registrations and return filing status of Kalyan Toll Infrastructure Limited, buy the company report.
Recent activity
Kalyan Toll Infrastructure Limited has 13 board changes on record since 2002: 8 appointments and 5 cessations. The latest: Rajesh Kumar Shukla was appointed as Director on 17 Nov 2025.
488 earlier events are in the company report.
Frequently asked questions
Kalyan Toll Infrastructure is an active public limited company based in Indore, Madhya Pradesh, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 03 July 2002 (24+ years old) and is registered under CIN U45203MP2002PLC015157.
Kalyan Toll Infrastructure has 6 current directors:
- Rajesh Kumar Garg - Managing Director
- Amit Kumar Garg - Whole-Time Director
- Jyoti Soni - Director
- Tikamchand Garg - Director
- Rajesh Kumar Shukla - Director
- Sunil Kumar Soni - Director
The latest financial statements of Kalyan Toll Infrastructure 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 2015 are in the company report.
The GSTIN of Kalyan Toll Infrastructure is 23AACCK1840M1ZN, registered in Madhya Pradesh. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 24AACCK1840M1ZL (Gujarat), 27AACCK1840M1ZF (Maharashtra), 22AACCK1840M2ZO (Chattisgarh).
The CIN (Corporate Identification Number) of Kalyan Toll Infrastructure is U45203MP2002PLC015157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kalyan Toll Infrastructure has 190 court cases on record: 82 filed by the company and 108 filed against it. 61 are pending. Most are in the high courts.
Kalyan Toll Infrastructure was incorporated on 03 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Kalyan Toll Infrastructure by revenue are Meerut Budaun Expressway Limited, Rajasthan State Road Development and Construction Corporation Limited, CDS Infra Projects Limited, Kaluwala Construction Private Limited, M G Contractors Private Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Rajesh Kumar Shukla was appointed as Director on 17 Nov 2025. Sunil Kumar Soni was appointed as Director on 17 Nov 2025. Pavan Shrivas ceased to be Cfo(Kmp) on 13 May 2019. Kalyan Toll Infrastructure has 13 board changes on record in total.
Kalyan Toll Infrastructure can be reached through the website kalyangroup.in. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Kalyan Toll Infrastructure is at Vidya Deep 153 Manorama Ganj, Indore, Madhya Pradesh, India – 452001.