MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0002370
Mhow Agroh Pathways Private Limited - infrastructure and utilities in Mhow, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.77 Cr
▼ 21% YoY
Net loss · FY 2024
₹19.1 Cr
Net margin -217.7%
EBITDA · FY 2024
₹1.71 Cr
EBITDA margin 19.5%
Authorised capital
₹36 Cr
Registered with MCA
Paid-up capital
₹35.21 Cr
Issued & subscribed
Open charges
₹147.53 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
38
Provident fund records
About Mhow Agroh Pathways Private Limited
Data last updated:
Mhow Agroh Pathways Private Limited is a private limited company based in Mhow, Madhya Pradesh, India, a subsidiary of Prakash Asphaltings And Toll Highways (India) Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 06 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45200MP2011PTC026331. Its GSTIN is 23AAHCM3807F1ZS (Madhya Pradesh).
The company has an authorised share capital of ₹36 Cr and a paid-up capital of ₹35.21 Cr. It was formerly known as Mhow Pathways Private Limited. It is led by directors including Nitin Agrawal and Nipun Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 76 Mall Road, Mhow, Madhya Pradesh, India – 453441.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.77 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹19.1 Cr (net margin -217.7%) and EBITDA of ₹1.71 Cr (EBITDA margin 19.5%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 21% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹147.53 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹35.2 Cr; the latest was in November 2020. Its 6 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 4 smaller; the largest is Landmark Royal Engineering (India) Private Limited with revenue of ₹8.89 Cr.
Mhow Agroh Pathways Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0002370). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pathltd.com.
Company details
CIN U45200MP2011PTC026331
Registration Number 026331
Incorporation Date 06 July 2011
ROC Gwalior
Listing Status Unlisted
Company Status Active
Parent Company Prakash Asphaltings And Toll Highways (India) Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0002370
Recognitions & Rankings of Mhow Agroh Pathways
Contact details
Mhow Agroh Pathways Private Limited's registered office is in Mhow, Madhya Pradesh. Its website is pathltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address76 Mall Road, Mhow, Madhya Pradesh, India – 453441
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Mhow Agroh Pathways Private Limited, buy the company report.
Comprehensive company report
Mhow Agroh Pathways 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 Mhow Agroh Pathways 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 Mhow Agroh Pathways Private Limited, buy the company report.
Financials of Mhow Agroh Pathways Private Limited
FY 2024 filings availableMhow Agroh Pathways Private Limited reported revenue of ₹8.77 Cr (down 21% YoY) for FY 2024.
Revenue · FY 2024
₹8.77 Cr ▼ 21%
Net loss · FY 2024
₹19.1 Cr margin -217.7%
EBITDA · FY 2024
₹1.71 Cr margin 19.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 3%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 75%
3 years · compounded
▼ 37%
5 years · compounded
▼ 9%
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 75% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.1 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.5% | ||||
| Net Profit Margin | -217.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Mhow Agroh Pathways Private Limited, buy the company report.
Board of directors of Mhow Agroh Pathways Private Limited
Mhow Agroh Pathways has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Agrawal Also directs: Path Highways Limited Liability Partnership, SPS JV LLP, Phagwara Hoshiarpur Pathways Private Limited and 5 more | Director | 06 Jul 2011 | 15 Years 4 Months | Current |
| Nipun Agrawal | Director | 01 Apr 2012 | 14 Years 7 Months | Current |
| Jitendra Singhal | Director | 01 Apr 2012 | 14 Years 7 Months | Current |
Peer comparison
Mhow Agroh Pathways Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Landmark Royal Engineering (India) Private Limited | ₹8.89 Cr (FY 2024) | 3.0% | Bilaspur, Chhattisgarh, India | |||
| Bhavna Engineering Company Private Limited | ₹8.81 Cr (FY 2024) | -8.0% | Ahmedabad, Gujarat, India | |||
| Mhow Agroh Pathways Private Limitedthis company | ₹8.77 Cr (FY 2024) | -₹19.1 Cr | -217.7% | -21.0% | 38 | Mhow, Madhya Pradesh, India |
| RRC Prakasha Road Private Limited | ₹8.76 Cr (FY 2025) | -18.0% | Chennai, Tamil Nadu, India | |||
| RKH Constructions Private Limited | ₹8.74 Cr (FY 2025) | -66.0% | Puri, Odisha, India | |||
| Shapoorji Pallonji Cement (Gujarat) Private Limited | ₹8.72 Cr (FY 2025) | 13.0% | Kodinar, Gujarat, India | |||
| Pundir NKJ Construction Private Limited | ₹8.66 Cr (FY 2025) | 83.0% | Panipat, Haryana, India |
To see the full peer comparison of Mhow Agroh Pathways Private Limited, buy the company report.
Auditor
Mhow Agroh Pathways Private Limited is audited by Tasky Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Tasky Associates | FY 2023 | 08730N |
Shareholding
The shareholding of Mhow Agroh Pathways 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 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 Mhow Agroh Pathways Private Limited, buy the company report.
Charges & borrowings
Open charges
₹147.53 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2012 | 10364525 | Vijaya Bank | ₹147.53 Cr | Open |
To see the full charge records of Mhow Agroh Pathways Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mhow Agroh Pathways Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹35.2 Cr; the latest was in November 2020.
Total deals
7
Secondary share transfers
6
Funding round
1
Disclosed funding
₹35.2 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: Agra-Gwalior Pathways Private Limited Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Agra-Gwalior Pathways Private Limited Seller: Prakash Asphaltings and Toll Highways (India) Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Prakash Asphaltings and Toll Highways (India) Limited , an individual Seller: Udaipur Pathways Private Limited , Jhansi-Baran Pathways Private Limited |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Prakash Asphaltings and Toll Highways (India) Limited Seller: Fortress Mercantile Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Udaipur Pathways Private Limited , Jhansi-Baran Pathways Private Limited , Fortress Mercantile Private Limited Seller: Prakash Asphaltings and Toll Highways (India) Limited |
To see the full deal history of Mhow Agroh Pathways Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mhow Agroh Pathways Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed against the company | Disposed |
To see the full case history of Mhow Agroh Pathways Private 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
Mhow Agroh Pathways Private Limited was last rated by Care on 17 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Sep 2021 |
To see the full credit ratings and regulatory alerts of Mhow Agroh Pathways Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mhow Agroh Pathways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mhow Agroh Pathways Private Limited has a workforce of 38 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 38 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Mhow Agroh Pathways Private Limited, buy the company report.
GST
Mhow Agroh Pathways has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCM3807F1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mhow Agroh Pathways Private Limited, buy the company report.
Recent activity
Mhow Agroh Pathways Private Limited has 21 board changes on record since 2011: 8 appointments and 13 cessations. The latest: Pallavi Gupta was appointed as Company Secretary on 02 Jul 2023.
AGM
Mhow Agroh Pathways Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mhow Agroh Pathways Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Appointed
Pallavi Gupta was appointed as Company Secretary.
Ceased
Nidhi Jain ceased to be Company Secretary.
Appointed
Neelu Agrawal was appointed as CEO.
Ceased
Neeraj Kumar Aggarwal ceased to be Ceo(Kmp).
Ceased
Nitin Agrawal ceased to be Director.
Ceased
Puneet Agrawal ceased to be Director.
Ceased
Gaurav Agarwal ceased to be Company Secretary.
Ceased
Nipun Agrawal ceased to be Director.
Ceased
Manorama Singhal ceased to be Director.
Ceased
Shailendra Singhal ceased to be Director.
14 earlier events are in the company report.
Frequently asked questions
Mhow Agroh Pathways is an active private limited company based in Mhow, Madhya Pradesh, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 06 July 2011 (15+ years old) and is registered under CIN U45200MP2011PTC026331.
Mhow Agroh Pathways has 3 current directors:
- Nitin Agrawal - Director
- Nipun Agrawal - Director
- Jitendra Singhal - Director
The latest financial statements of Mhow Agroh Pathways on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mhow Agroh Pathways is 23AAHCM3807F1ZS, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Mhow Agroh Pathways is U45200MP2011PTC026331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mhow Agroh Pathways has 2 court cases on record: 2 filed against it.
Mhow Agroh Pathways was incorporated on 06 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Gwalior.
Mhow Agroh Pathways has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹35.2 Cr; the latest was in November 2020.
The peers of Mhow Agroh Pathways by revenue are Landmark Royal Engineering (India) Private Limited, Bhavna Engineering Company Private Limited, RRC Prakasha Road Private Limited, RKH Constructions Private Limited, Shapoorji Pallonji Cement (Gujarat) Private Limited and 1 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Pallavi Gupta was appointed as Company Secretary on 02 Jul 2023. Nidhi Jain ceased to be Company Secretary on 24 Dec 2022. Neelu Agrawal was appointed as CEO on 15 Oct 2020. Mhow Agroh Pathways has 21 board changes on record in total.
Yes, Mhow Agroh Pathways is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0002370).
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