About Moradabad Bareilly Expressway Limited
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Moradabad Bareilly Expressway Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Roadstar Infra Investment Trust. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 11 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45208MH2010PLC198737. Its GSTIN is 27AAGCM3309R1ZZ (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹221.66 Cr and a paid-up capital of ₹221.66 Cr. It is led by directors including Sunil Hemchand Patel and Liju Varughese Rajan Kolath.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹394.1 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹47.33 Cr (net margin -12%) and EBITDA of ₹327.31 Cr (EBITDA margin 83.1%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹1,712.93 Cr and satisfied charges of ₹1,498.65 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 1 case is pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹221.61 Cr; the latest was in July 2022. Its 8 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 4 larger and 4 smaller; the largest is BG Bhadrak Baleshwar Highway Private Limited with revenue of ₹356.21 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 itnlindia.com.
Company details
Contact details
Moradabad Bareilly 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 Center Plot C – 22 G Block Bandra Kurla Complex Bandra (E, ), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Moradabad Bareilly 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
Business activity
The main business activity of Moradabad Bareilly Expressway 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 Moradabad Bareilly Expressway Limited, buy the company report.
Financials of Moradabad Bareilly Expressway Limited
FY 2025 filings availableMoradabad Bareilly Expressway Limited reported revenue of ₹394.1 Cr (up 13% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA rose 10% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹327.31 Cr | ||||
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| Net Profit (PAT) | -₹47.33 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | 83.1% | ||||
| Net Profit Margin | -12% | ||||
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To see the full financial statements and ratios of Moradabad Bareilly Expressway Limited, buy the company report.
Board of directors of Moradabad Bareilly Expressway Limited
Moradabad Bareilly Expressway has 5 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Hemchand Patel Also directs: Manoj Ceramic Limited, Hazaribagh Ranchi Expressway Limited, Pune Sholapur Road Development Company Limited and 5 more | Director | 13 Jan 2023 | 3 Years 9 Months | Current |
| Liju Varughese Rajan Kolath | Director | 26 Feb 2022 | 4 Years 7 Months | Current |
| Ravi Praveen Kumar Also directs: Hazaribagh Ranchi Expressway Limited, Pune Sholapur Road Development Company Limited, East Hyderabad Expressway Limited and 1 more | Nominee Director | 20 Dec 2023 | 2 Years 10 Months | Current |
| Milind Ramesh Gandhi | Nominee Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Jyotsna Shyamkant Matondkar Also directs: Hazaribagh Ranchi Expressway Limited, Pune Sholapur Road Development Company Limited, Sikar Bikaner Highway Limited and 1 more | Nominee Director | 28 Dec 2021 | 4 Years 9 Months | Current |
Peer comparison
Moradabad Bareilly Expressway 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 |
|---|---|---|---|---|---|---|
| Moradabad Bareilly Expressway Limitedthis company | ₹394.1 Cr (FY 2026) | -₹47.33 Cr | -12% | 13.0% | Mumbai, Maharashtra, India | |
| BG Bhadrak Baleshwar Highway Private Limited | ₹356.21 Cr (FY 2025) | 60.0% | New Delhi, Delhi, India | |||
| Ulccs Kasaragod Expressway Private Limited | ₹355.48 Cr (FY 2025) | -14.0% | Kozhikode, Kerala, India | |||
| Dhatarwal Construction Company Private Limited | ₹354.56 Cr (FY 2025) | -15.0% | Bhiwani, Haryana, India | |||
| Himalayan Infracorp Private Limited | ₹353.75 Cr (FY 2025) | 12.0% | Hansi, Haryana, India | |||
| Kappirikkad Highways Private Limited | ₹347.65 Cr (FY 2025) | -6.0% | Delhi, India | |||
| KNR Ramagiri Infra Private Limited | ₹345.75 Cr (FY 2025) | -15.0% | Hyderabad, Telangana, India | |||
| Dra Rameshwaram Infra Private Limited | ₹344.91 Cr (FY 2025) | 55.0% | Ahmedabad, Gujarat, India | |||
| Welspun Aunta-Simaria Project Private Limited | ₹342.3 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Moradabad Bareilly Expressway Limited, buy the company report.
Auditor
Moradabad Bareilly Expressway Limited is audited by MKPS & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & Associates | FY 2023 | 302014E |
Shareholding
The shareholding of Moradabad Bareilly 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Moradabad Bareilly Expressway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2017 | 100092749 | Others | ₹1,357.93 Cr | Open | |
| 29 Mar 2017 | 100102266 | Others | ₹355 Cr | Open | |
| 22 Apr 2015 | 10569302 | Il&Fs Financial Services Limited | ₹180 Cr | Satisfied | |
| 25 Mar 2010 | 10209243 | Il & Fs Trust Company Limited | ₹1,318.65 Cr | Satisfied |
To see the full charge records of Moradabad Bareilly Expressway Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Moradabad Bareilly Expressway Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹221.61 Cr; the latest was in July 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: ILFS Transportation Networks Ltd Seller: Infiniti Realty Opportunities Trust |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Roadstar Infra Investment Trust & Ajay S Vaidyanath, Roadstar Infra Investment Trust & Jyotsna Matondkar, Roadstar Infra Investment Trust & Dilip Bhatia Seller: Il&fs Transportation Networks Limited & Mukesh Ranga, Il&fs Transportation Networks Limited & Shaivali Parekh, Il&fs Transportation Networks Limited & Sanjay Aorra |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Infiniti Realty Opportunities Trust Seller: an individual |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Il&Fs Transportation Networks Limited |
| Oct 2010 | Funding round | ₹221.61 Cr | Investors: Il&Fs Transportation Networks Limited |
To see the full deal history of Moradabad Bareilly Expressway 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
Moradabad Bareilly Expressway Limited has 5 court cases on record: 2 filed by Moradabad Bareilly Expressway, 3 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 3 | 3 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed against the company by L and T Infrastructure Finance Company Limited Brindavan, Plot No. 177, C.S.T Road Kalina, Santacruz East , District: Mumbai , , Maharashtra and 2 others | Disposed |
| Supreme Court | Court case | Filed against the company by State of Uttar Pradesh | Pending |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against State of U.P. and 4 Others | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against State of U.P. and 6 Others | Disposed |
To see the full case history of Moradabad Bareilly 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.
Credit ratings & regulatory alerts
Moradabad Bareilly Expressway Limited was last rated by Care on 06 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jan 2022 |
To see the full credit ratings and regulatory alerts of Moradabad Bareilly Expressway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Moradabad Bareilly Expressway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Moradabad Bareilly Expressway has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM3309R1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 27AAGCM3309R2ZY | Maharashtra | Active | 01 Apr 2025 |
| 09AAGCM3309R1ZX | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Moradabad Bareilly Expressway Limited, buy the company report.
Recent activity
Moradabad Bareilly Expressway Limited has 29 board changes on record since 2010: 5 appointments and 24 cessations. The latest: Milind Ramesh Gandhi ceased to be Additional Director on 23 Sep 2024.
29 earlier events are in the company report.
Frequently asked questions
Moradabad Bareilly 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 11 January 2010 (16+ years old) and is registered under CIN U45208MH2010PLC198737.
Moradabad Bareilly Expressway has 5 current directors:
- Sunil Hemchand Patel - Director
- Liju Varughese Rajan Kolath - Director
- Ravi Praveen Kumar - Nominee Director
- Milind Ramesh Gandhi - Nominee Director
- Jyotsna Shyamkant Matondkar - Nominee Director
The latest financial statements of Moradabad Bareilly Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Moradabad Bareilly Expressway is 27AAGCM3309R1ZZ, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAGCM3309R2ZY (Maharashtra), 09AAGCM3309R1ZX (Uttar Pradesh).
The CIN (Corporate Identification Number) of Moradabad Bareilly Expressway is U45208MH2010PLC198737. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Moradabad Bareilly Expressway has 5 court cases on record: 2 filed by the company and 3 filed against it. 1 is pending. Most are in the supreme court.
Moradabad Bareilly Expressway was incorporated on 11 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Moradabad Bareilly Expressway has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹221.61 Cr; the latest was in July 2022.
The peers of Moradabad Bareilly Expressway by revenue are BG Bhadrak Baleshwar Highway Private Limited, Ulccs Kasaragod Expressway Private Limited, Dhatarwal Construction Company Private Limited, Himalayan Infracorp Private Limited, Kappirikkad Highways Private Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Milind Ramesh Gandhi ceased to be Additional Director on 23 Sep 2024. Ravi Praveen Kumar ceased to be Additional Director on 23 Sep 2024. Milind Ramesh Gandhi was appointed as Nominee Director on 04 Mar 2024. Moradabad Bareilly Expressway has 29 board changes on record in total.
Moradabad Bareilly Expressway can be reached through the website itnlindia.com. Its registered office is in Mumbai, Maharashtra, India.