About Khed Sinnar Expressway Limited
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Khed Sinnar Expressway Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Il&Fs Transportation Networks Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 19 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45209MH2013PLC242133. Its GSTIN is 27AAFCK1413K1ZN (Maharashtra).
The company has an authorised share capital of ₹294.19 Cr and a paid-up capital of ₹294.19 Cr. It is led by directors including Sanjay Kumar Arora and Hemant Labh Kumar.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2022, the company reported a revenue of ₹72.93 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹54.89 Cr (net margin 75.3%) and EBITDA of ₹52.41 Cr (EBITDA margin 71.9%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 38% over five years.
As per MCA filings, the company has open charges of ₹1,100 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹294.14 Cr; the latest was in September 2015. The company has 2 MSME Form 1 returns on record between 2019 and 2021, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website itnlindia.com.
Company details
Contact details
Khed Sinnar Expressway Limited's registered office is in Mumbai, Maharashtra. Its website is itnlindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Khed Sinnar Expressway 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
Financials of Khed Sinnar Expressway Limited
FY 2025 filings availableKhed Sinnar Expressway Limited reported revenue of ₹72.93 Cr (down 48% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 48% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹72.93 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.89 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.9% | ||||
| Net Profit Margin | 75.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Khed Sinnar Expressway Limited, buy the company report.
Board of directors of Khed Sinnar Expressway Limited
Khed Sinnar Expressway has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Arora | Nominee Director | 19 Mar 2019 | 7 Years 7 Months | Current |
| Hemant Labh Kumar Also directs: Kiratpur Ner Chowk Expressway Limited, Srinagar Sonamarg Tunnelway Limited, Amravati Chikhli Expressway Limited and 2 more | Nominee Director | 19 Mar 2019 | 7 Years 7 Months | Current |
| Kazim Raza Khan | Nominee Director | 17 Jul 2013 | 13 Years 3 Months | Current |
| Krishna Dhondu Ghag | Nominee Director | 19 Apr 2013 | 13 Years 6 Months | Current |
Auditor
Khed Sinnar Expressway Limited is audited by Gianender & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gianender & Associates | FY 2022 | 004661N |
Shareholding
The shareholding of Khed Sinnar Expressway 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Khed Sinnar Expressway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Nov 2013 | 10461599 | Idbi Trusteeship Services Limited | ₹1,100 Cr | Open |
To see the full charge records of Khed Sinnar Expressway Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Khed Sinnar Expressway Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹294.14 Cr; the latest was in September 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Funding round | ₹144.19 Cr | Investors: Il&Fs Transportation Networks Limited |
| Jul 2013 | Funding round | ₹149.95 Cr | Investors: Il&Fs Transportation Networks Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Khed Sinnar Expressway Limited has 5 court cases on record: 3 filed by Khed Sinnar Expressway, 2 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (COMP.APPL) | Filed against the company by Idbi Bank Limited Through Hari Kumar Meena | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Assistant Commissioner of State Tax and Anr | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assistant Commissioner of State Tax (I-1 and 3 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assiatant Commissioner of State Tax (I-1 and 3 others | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by State( Labour Enforcement Officer) | Disposed |
To see the full case history of Khed Sinnar Expressway 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.
MSME payment delays
Khed Sinnar Expressway Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 2 overdue payments 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 |
|---|---|---|---|
| Chivilkar Solanki & Associates |
To see the full MSME payment records of Khed Sinnar Expressway Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Khed Sinnar Expressway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCK1413K1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Khed Sinnar Expressway Limited, buy the company report.
Recent activity
Khed Sinnar Expressway Limited has 16 board changes on record since 2013: 5 appointments and 11 cessations. The latest: Sajaudeen was appointed as Manager on 24 Oct 2019.
9 earlier events are in the company report.
News
Frequently asked questions
Khed Sinnar Expressway 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 19 April 2013 (13+ years old) and is registered under CIN U45209MH2013PLC242133.
Khed Sinnar Expressway has 4 current directors:
- Sanjay Kumar Arora - Nominee Director
- Hemant Labh Kumar - Nominee Director
- Kazim Raza Khan - Nominee Director
- Krishna Dhondu Ghag - Nominee Director
The latest financial statements of Khed Sinnar Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Khed Sinnar Expressway is 27AAFCK1413K1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Khed Sinnar Expressway is U45209MH2013PLC242133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Khed Sinnar Expressway has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Khed Sinnar Expressway was incorporated on 19 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Khed Sinnar Expressway has 2 deals on record (2 funding rounds), with disclosed funding of ₹294.14 Cr; the latest was in September 2015.
Sajaudeen was appointed as Manager on 24 Oct 2019. Hemant Labh Kumar was appointed as Nominee Director on 19 Mar 2019. Kazim Raza Khan ceased to be Director on 19 Mar 2019. Khed Sinnar Expressway has 16 board changes on record in total.
Khed Sinnar Expressway has 2 MSME Form 1 returns on record between 2019 and 2021, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 12 May 2021.
Khed Sinnar Expressway can be reached through the website itnlindia.com. Its registered office is in Mumbai, Maharashtra, India.