Bihar State Road Development Corporation Limited
About Bihar State Road Development Corporation Limited
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Bihar State Road Development Corporation Limited is a public limited state government company based in Patna, Bihar, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 20 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Patna, under CIN U45203BR2009SGC014434. Its GSTIN is 10AADCB7567M1ZI (Bihar).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Shirsat Kapil Ashok (Managing Director) and Kaushal Kishor Mishra.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rcd Mechanical Worshop Campus ( Near Patna Airport) Sheikpura, Bihar, India – 800014.
As per the financials filed for FY 2022, the company reported a revenue of ₹49.26 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹18.61 Cr (net margin 37.8%) and EBITDA of ₹22.22 Cr (EBITDA margin 45.1%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 49% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
Court records list 256 cases involving the company, including 65 filed by the company and 191 filed against it; 108 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bihar State Road Development Corporation Limited's registered office is in Patna, Bihar. Its e-mail address is in the company report.
- Email
- Registered AddressRcd Mechanical Worshop Campus ( Near Patna Airport) Sheikpura, Bihar, India – 800014
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Bihar State Road Development Corporation 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 Bihar State Road Development Corporation 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 Bihar State Road Development Corporation Limited, buy the company report.
Financials of Bihar State Road Development Corporation Limited
FY 2024 filings availableBihar State Road Development Corporation Limited reported revenue of ₹49.26 Cr (down 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 24% fall in the latest year. EBITDA fell 43% 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 |
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| EBITDA | ₹22.22 Cr | ||||
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| Net Profit (PAT) | ₹18.61 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 45.1% | ||||
| Net Profit Margin | 37.8% | ||||
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To see the full financial statements and ratios of Bihar State Road Development Corporation Limited, buy the company report.
Board of directors of Bihar State Road Development Corporation Limited
Bihar State Road Development Corporation has 10 current directors and 68 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushal Kishor Mishra | Director | 20 Apr 2018 | 8 Years 6 Months | Current |
| Divesh Sehara | Nominee Director | 09 Dec 2025 | 0 Years 10 Months | Current |
| Shirsat Kapil Ashok | Managing Director | 26 Jun 2024 | 2 Years 4 Months | Current |
| Kumar Ravi | Nominee Director | 01 Jan 2021 | 5 Years 10 Months | Current |
| Mukesh Kumar Lal | Nominee Director | 19 Jun 2025 | 1 Years 4 Months | Current |
| Pankaj Kumar Pal | Nominee Director | 10 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Bihar State Road Development Corporation Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Geosys India Infrastructures Limited | ₹50.21 Cr (FY 2025) | -15.0% | Dadri, Uttar Pradesh, India | |||
| Asip Private Limited | ₹50.2 Cr (FY 2016) | 21.0% | Hyderabad, Telangana, India | |||
| Bihar State Road Development Corporation Limitedthis company | ₹49.26 Cr (FY 2022) | ₹18.61 Cr | 37.8% | -24.0% | 67 | Patna, Bihar, India |
| Ahmednagar Ghogargaon Road Projects Private Limited | ₹48.89 Cr (FY 2025) | -84.0% | Mumbai, Maharashtra, India | |||
| Supreme Infrastructure Bot Holdings Private Limited | ₹48.85 Cr (FY 2018) | -46.0% | Mumbai, Maharashtra, India | |||
| IT Expressway Limited | ₹48.54 Cr (FY 2024) | 26.0% | Chennai, Tamil Nadu, India | |||
| Mangloor Highways Private Limited | ₹48.41 Cr (FY 2025) | -25.0% | Delhi, India | |||
| SKM Ramdin Ultratech Private Limited | ₹48.37 Cr (FY 2025) | 48.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Bihar State Road Development Corporation Limited, buy the company report.
Auditor
Bihar State Road Development Corporation Limited is audited by DURGA PRASAD SINGH & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DURGA PRASAD SINGH & ASSOCIATES | FY 2018 | 004554C |
Shareholding
The shareholding of Bihar State Road Development Corporation Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Bihar State Road Development Corporation Limited, buy the company report.
Legal cases
Bihar State Road Development Corporation Limited has 256 court cases on record: 65 filed by Bihar State Road Development Corporation, 191 filed against it. 108 cases are pending and 148 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 190 | 142 | 85 |
| District courts | 55 | 39 | 23 |
| Supreme Court | 11 | 10 | 0 |
Cases on record (5 of 256)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed against the company by M/S Sadbhav-Gkc Ltd. JV | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against GR Infraprojects Limited | Pending |
| Patna High Court | Commercial matter | Filed by the company against M/S Sadbhav Engineering Ltd. and GKC Projects Ltd. (Joint Venture) and 1 other | Pending |
| High Court | Court case (CWJC) | Filed against the company by M/S Patel Engineering Ltd. | Pending |
| District court, Patna, Bihar | Execution petition | Filed by the company against M/S Ramky Infrastructure Ltd. | Pending |
To see the full case history of Bihar State Road Development Corporation 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
No delayed payments to MSME suppliers are on our record for Bihar State Road Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bihar State Road Development Corporation Limited has a workforce of 67 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Bihar State Road Development Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AADCB7567M1ZI | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bihar State Road Development Corporation Limited, buy the company report.
Recent activity
Bihar State Road Development Corporation Limited has 77 board changes on record since 2009: 13 appointments and 64 cessations. The latest: Vinay Kumar was appointed as Nominee Director on 02 Jan 2026.
68 earlier events are in the company report.
Frequently asked questions
Bihar State Road Development Corporation is an active public limited state government company based in Patna, Bihar, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 20 April 2009 (17+ years old) and is registered under CIN U45203BR2009SGC014434.
Bihar State Road Development Corporation has 10 current directors:
- Shirsat Kapil Ashok - Managing Director
- Kaushal Kishor Mishra - Director
- Divesh Sehara - Nominee Director
- Kumar Ravi - Nominee Director
- Mukesh Kumar Lal - Nominee Director
- Pankaj Kumar Pal - Nominee Director
- Bablu Kumar - Nominee Director
- Uma Kant Rajak - Nominee Director
- Mihir Kumar Singh - Nominee Director
- Vinay Kumar - Nominee Director
The latest financial statements of Bihar State Road Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bihar State Road Development Corporation is 10AADCB7567M1ZI, registered in Bihar.
The CIN (Corporate Identification Number) of Bihar State Road Development Corporation is U45203BR2009SGC014434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bihar State Road Development Corporation has 256 court cases on record: 65 filed by the company and 191 filed against it. 108 are pending. Most are in the high courts.
Bihar State Road Development Corporation was incorporated on 20 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Patna.
The peers of Bihar State Road Development Corporation by revenue are Geosys India Infrastructures Limited, Asip Private Limited, Ahmednagar Ghogargaon Road Projects Private Limited, Supreme Infrastructure Bot Holdings Private Limited, IT Expressway Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Vinay Kumar was appointed as Nominee Director on 02 Jan 2026. Pankaj Kumar Pal was appointed as Nominee Director on 10 Dec 2025. Abhay Kumar Singh ceased to be Nominee Director on 09 Dec 2025. Bihar State Road Development Corporation has 77 board changes on record in total.
The registered office of Bihar State Road Development Corporation is at Rcd Mechanical Worshop Campus Near Patna Airport Sheikpura, Bihar, India – 800014.
Bihar State Road Development Corporation operates in the infrastructure and utilities industry, in the road and bridge construction segment.
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