Maharashtra State Road Development Corporation Limited - Company Profile

It is a infrastructure and utilities public limited state government company based in Mumbai, Maharashtra, India, established in 1996.

1996 Mumbai, Maharashtra, India Active

Last Updated: February 07, 2026

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About Maharashtra State Road Development Corporation Limited

Maharashtra State Road Development Corporation Limited, a active public limited state government company, was established on 02 August 1996 in Mumbai, Maharashtra, India. Engaging in road & bridge construction within the public services by government agencies sector, it holds CIN: U45200MH1996SGC101586. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1,500.00 Cr and a paid-up capital of ₹773.56 Cr.

It upholds a compliant status. Its leadership includes Shreedhar Gangaram Machha (Cfo), Eknath Sambhaji Shinde (Additional Director), Anilkumar Baliram Gaikwad (Managing Director). Past directors included Chandrakant Laxmanrao Pulkundwar, Jaydatta Sonajirao Kshirsagar, Suresh Motumal Ramchandani. It holds ₹90,978.75 Cr open charges and ₹12,711.28 Cr settled loans. Its latest AGM occurred on 20 August 2019, with the balance sheet filed on 31 March 2019. It is based at Public Works Departmentcompound Nepean Sea Road Priyadarshini Park, Mumbai, Maharashtra, 400036.

Company Details

CIN/LLPIN
U45200MH1996SGC101586
Registration Number
101586
Incorporation Date
02 August 1996
Authorized Capital
₹1,500.00 Cr
Paid-Up Capital
₹773.56 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,500.00 Cr as on 07-02-2026
Paid Up Capital ₹ 773.56 Cr as on 07-02-2026
Company Age 29 Year, 6 Months
Last Filing with ROC 31 Mar 2019
Open Charges ₹ 90,978.75 Cr as on 07-02-2026
Satisfied Charges ₹ 12,711.28 Cr as on 07-02-2026
Revenue Growth **** 21.76% (FY 2018)
Profit Growth **** 88.10% (FY 2018)
Ebitda **** 26.45% (FY 2018)
Net Worth 35.19% (FY 2018)
Total Assets **** 82.68% (FY 2018)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra State Road Development Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maharashtra State Road Development Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shreedhar Gangaram Machha	Cfo	03 Jul 2019	Current
Eknath Sambhaji Shinde	Additional Director	21 Dec 2024	Current
Anilkumar Baliram Gaikwad	Managing Director	01 Feb 2018	Current
Rajesh Bhagwan Patil	Whole-Time Director	15 Jan 2024	Current
Chandragupta Sitaram Ghag	Director	07 May 2021	Current
Meghana Sakore Deepak	Additional Director	21 Dec 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	10 Sep 2018	Past
Pramod Abcsdd	Director	29 Sep 2014	Past
Pramod Abcsdd	Managing Director	31 Aug 2016	Past
Pramod Abcsdd	Director	10 Dec 2008	Past
Pramod Abcsdd	Additional Director	08 Feb 2011	Past
Pramod Abcsdd	Nominee Director	06 Mar 2019	Past

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Financial Performance of Maharashtra State Road Development Corporation.

Maharashtra State Road Development Corporation Limited, for the financial year ended 2018, experienced significant growth in revenue, with a 21.76% increase. The company also saw a substantial improvement in profitability, with a 88.1% increase in profit. The company's net worth Soared by an impressive increase of 35.19%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

21.76%

*******

Revenue from Operations

*******

14.44%

*******

Total Assets

*******

82.68%

*******

Profit or Loss

*******

88.10%

*******

Net Worth

*******

35.19%

*******

EBITDA

*******

26.45%

*******

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What is the Ownership and Shareholding Structure of Maharashtra State Road Development Corporation?

In 2019, Maharashtra State Road Development Corporation had a promoter holding of 100.00%. The company had 7 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹909,787,500,000.00

Satisfied Charges

₹127,112,822,393.00

Charges Breakdown by Lending Institutions

Sbicap Trustee Company Limited : 70946.60 Cr
Others : 18043.90 Cr
Indian Bank : 750.00 Cr
Il & Fs Trust Company Limited : 738.75 Cr
Canara Bank : 499.50 Cr

Latest Charge Details

Date	Lender	Amount	Status
10 Oct 2025	Others	₹17,500.00 Cr	Open
27 Feb 2025	Sbicap Trustee Company Limited	₹13,200.00 Cr	Open
20 Feb 2025	Sbicap Trustee Company Limited	₹9,000.00 Cr	Open
20 Feb 2025	Sbicap Trustee Company Limited	₹9,300.00 Cr	Open
18 Jan 2023	Others	₹543.90 Cr	Open

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How Many Employees Work at Maharashtra State Road Development Corporation?

Unlock and access historical data on people associated with Maharashtra State Road Development Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Maharashtra State Road Development Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra State Road Development Corporation's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Maharashtra State Road Development Corporation

Recent Activity within the Organization

Charges

A charge with Others amounted to Rs. 17,500.00 Cr with Charge ID 101185818 was registered on 10 Oct 2025. was recorded as a recent event.
10 Oct 2025
Charges

A charge with Sbicap Trustee Company Limited of Rs. 5,500.00 Cr registered on 15 Dec 2022 with Charge ID 100664241 was modified on 08 May 2025. was recorded as a recent event.
08 May 2025
Charges

Progress on A charge with Sbicap Trustee Company Limited amounted to Rs. 13,200.00 Cr with Charge ID 101062934 was registered on 27 Feb 2025. was documented.
27 Feb 2025
Charges

A charge with Sbicap Trustee Company Limited of Rs. 13,200.00 Cr registered on 27 Feb 2025 with Charge ID 101062934 was modified on 27 Feb 2025. was recorded as a recent event.
27 Feb 2025
Charges

The activity A charge with Sbicap Trustee Company Limited amounted to Rs. 9,000.00 Cr with Charge ID 101061014 was registered on 20 Feb 2025. was completed.
20 Feb 2025
Charges

The activity A charge with Sbicap Trustee Company Limited of Rs. 9,000.00 Cr registered on 20 Feb 2025 with Charge ID 101061014 was modified on 20 Feb 2025. was completed.
20 Feb 2025

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