About Modern Road Makers P Ltd
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Modern Road Makers P Ltd is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Irb Infrastructure Developers Limited. It operates in the engineering sector. It was incorporated on 15 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH1994PTC077075. Its GSTIN is 27AAACM3816F1ZQ (Maharashtra). The company holds 9 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹31.1 Cr and a paid-up capital of ₹31.1 Cr. It is led by directors including Rajpaul Satyapaul Sharma and Arati Nikhil Taskar.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1101 Hiranandani Knowledge Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,246.07 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹309.19 Cr (net margin 7.3%) and EBITDA of ₹528.06 Cr (EBITDA margin 12.4%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
The company has about 6,068 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: IRB Infrastructure Developers. As per MCA filings, the company has open charges of ₹1,427.05 Cr and satisfied charges of ₹1,771.11 Cr on record. Court records list 172 cases involving the company, including 27 filed by the company and 145 filed against it; 28 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in November 2006. Its 10 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 5 smaller; the largest is Irb Infrastructure Developers Limited with revenue of ₹8,031.55 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website irb.co.in.
Company details
Contact details
Modern Road Makers P Ltd's registered office is in Mumbai, Maharashtra. Its website is irb.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Hill Side Avenue Powa, I, Mumbai, Maharashtra, India – 400076
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Modern Road Makers P Ltd, 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
Modern Road Makers P operates one associated brand: IRB Infrastructure Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure development services | irb.co.in |
Business activity
The main business activity of Modern Road Makers P 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 Modern Road Makers P Ltd, buy the company report.
Financials of Modern Road Makers P Ltd
FY 2025 filings availableModern Road Makers P Ltd reported revenue of ₹4,246.07 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 2% fall in the latest year. EBITDA fell 4% 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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| EBITDA | ₹528.06 Cr | ||||
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| Net Profit (PAT) | ₹309.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 12.4% | ||||
| Net Profit Margin | 7.3% | ||||
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To see the full financial statements and ratios of Modern Road Makers P Ltd, buy the company report.
Board of directors and KMP of Modern Road Makers P Ltd
Modern Road Makers P Ltd currently reports 4 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajpaul Satyapaul Sharma Also directs: MRM Mining Private Limited, Irb Infra Industries Private Limited, Irb Lalitpur Tollway Private Limited and 5 more | Director | 31 Mar 2016 | 10 Years 6 Months | Current |
| Arati Nikhil Taskar Also directs: Irb Infra Industries Private Limited, Irb Golconda Expressway Private Limited, Mhaiskar Infrastructure Private Limited and 5 more | Director | 25 Feb 2020 | 6 Years 7 Months | Current |
| Tushar Kantilal Kawedia Also directs: MRM Mining Private Limited, Irb Infra Industries Private Limited, Aryan Toll Road Private Limited and 5 more | Cfo | 26 Mar 2021 | 5 Years 6 Months | Current |
| Bajrang Lal Gupta Also directs: Irb MP Expressway Private Limited, Irb Infrastructure Developers Limited, GMR Pochanpalli Expressways Limited. and 5 more | Director | 05 Feb 2025 | 1 Years 8 Months | Current |
| Nitin Vasantrao Bansode | Director | 15 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Modern Road Makers P Ltd is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Irb Infrastructure Developers Limited | ₹8,031.55 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| PNC Infratech Limited | ₹6,940.46 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| J. Kumar Infraprojects Limited | ₹5,726.49 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| Ajanma Holdings Private Limited | ₹5,368.57 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| H.G. Infra Engineering Limited (Part IX) | ₹5,069.89 Cr (FY 2025) | -6.0% | Jodhpur, Rajasthan, India | |||
| Modern Road Makers P Ltdthis company | ₹4,246.07 Cr (FY 2025) | ₹309.19 Cr | 7.3% | -2.0% | 6,068 | Mumbai, Maharashtra, India |
| Welspun Enterprises Limited | ₹3,792.59 Cr (FY 2025) | 24.0% | Anjar, Gujarat, India | |||
| Patel Infrastructure Limited | ₹3,742.76 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Ceigall India Limited | ₹3,492.96 Cr (FY 2025) | 14.0% | Ludhiana, Punjab, India | |||
| Prakash Asphaltings and Toll Highways (India) Limited | ₹3,060.62 Cr (FY 2025) | -12.0% | Mhow, Madhya Pradesh, India | |||
| Sunil Hitech Engineers Limited | ₹2,990.66 Cr (FY 2018) | 16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Modern Road Makers P Ltd, buy the company report.
Auditor
Modern Road Makers P Ltd is audited by M/s. Pawar Kuvadia and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Pawar Kuvadia and Associates | FY 2023 | 144574W |
Shareholding
The shareholding of Modern Road Makers P Ltd 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) | |||||
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| Others |
To see the full shareholding pattern of Modern Road Makers P Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2025 | 101176580 | Others | ₹53.54 Lakh | Open | |
| 15 Sep 2025 | 101160365 | Hdfc Bank Limited | ₹44.68 Lakh | Open | |
| 21 Jul 2025 | 101138358 | Hdfc Bank Limited | ₹17.87 Lakh | Open | |
| 02 Jul 2025 | 101128095 | Hdfc Bank Limited | ₹15.07 Lakh | Open | |
| 12 Jun 2025 | 101116797 | Axis Bank Limited | ₹43.79 Lakh | Open |
To see the full charge records of Modern Road Makers P Ltd, buy the company report.
Total charge records: 430 View all charges
Deals & funding
Modern Road Makers P Ltd has 1 deal on record (1 secondary share transfer); the latest was in November 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2006 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Developers Limited & Virendra Dattatray Mhaiskar, Irb Infrastructure Developers Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Modern Road Makers P Ltd has 172 court cases on record: 27 filed by Modern Road Makers P, 145 filed against it. 28 cases are pending and 144 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 132 | 117 | 13 |
| High courts | 37 | 27 | 13 |
| Supreme Court | 3 | 1 | 2 |
Cases on record (5 of 172)
To see the full case history of Modern Road Makers P Ltd, 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
Modern Road Makers P Ltd was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Modern Road Makers P Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modern Road Makers P Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Modern Road Makers P has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| MRM Mining Private Limited | U14100GJ2002PTC040343 |
To see the full group structure of Modern Road Makers P Ltd, buy the company report.
Employees & EPFO
Modern Road Makers P Ltd has a workforce of 6,068 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Modern Road Makers P has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3816F1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 03AAACM3816F1Z0 | Punjab | Active | 01 Jul 2017 |
| 09AAACM3816F1ZO | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AAACM3816F1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modern Road Makers P Ltd, buy the company report.
Recent activity
Modern Road Makers P Ltd has 33 board changes on record since 1994: 19 appointments and 14 cessations. The latest: Sudhir Rao Hoshing ceased to be Managing Director on 10 Jul 2025.
762 earlier events are in the company report.
News
Frequently asked questions
Modern Road Makers P is an active private limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 15 March 1994 (32+ years old) and is registered under CIN U45203MH1994PTC077075.
Modern Road Makers P has 5 current directors and KMP:
- Rajpaul Satyapaul Sharma - Director
- Arati Nikhil Taskar - Director
- Bajrang Lal Gupta - Director
- Nitin Vasantrao Bansode - Director
- Tushar Kantilal Kawedia - Cfo
The latest financial statements of Modern Road Makers P on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Modern Road Makers P is 27AAACM3816F1ZQ, registered in Maharashtra. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAACM3816F1Z0 (Punjab), 09AAACM3816F1ZO (Uttar Pradesh), 29AAACM3816F1ZM (Karnataka).
The CIN (Corporate Identification Number) of Modern Road Makers P is U45203MH1994PTC077075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Road Makers P has 172 court cases on record: 27 filed by the company and 145 filed against it. 28 are pending. Most are in the district courts.
Modern Road Makers P was incorporated on 15 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Modern Road Makers P has 1 deal on record (1 secondary share transfer); the latest was in November 2006.
The peers of Modern Road Makers P by revenue are Irb Infrastructure Developers Limited, PNC Infratech Limited, J. Kumar Infraprojects Limited, Ajanma Holdings Private Limited, H.G. Infra Engineering Limited (Part IX) and 5 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sudhir Rao Hoshing ceased to be Managing Director on 10 Jul 2025. Dhananjay Krishnaji Joshi ceased to be Director on 15 Feb 2025. Nitin Vasantrao Bansode was appointed as Director on 15 Feb 2025. Modern Road Makers P has 33 board changes on record in total.
Modern Road Makers P can be reached through the website irb.co.in. Its registered office is in Mumbai, Maharashtra, India.