About IT Expressway Limited
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IT Expressway Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Tamil Nadu Road Development Company Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 17 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45203TN2003PLC050703. Its GSTIN is 33AABCI2550H1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹44.05 Cr. It is led by directors including Deivasigamani Baskarapandian (Managing Director) and Gitakrishnanramadurai.
Its last annual general meeting (AGM) was held on 29 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.54 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹69.9 Cr (net margin -144%) and EBITDA of -₹69.13 Cr (EBITDA margin -142.4%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 9% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹180 Cr on record. Court records list 60 cases involving the company, including 6 filed by the company and 54 filed against it; 2 cases are pending. The company has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹31.5 Cr; the latest was in January 2010. Its 9 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 5 smaller; the largest is Asip Private Limited with revenue of ₹50.2 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 itel.tnrdc.com.
Company details
Contact details
IT Expressway Limited's registered office is in Chennai, Tamil Nadu. Its website is itel.tnrdc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address171 II Floor South Kesavaperumal Puram Pasumpon Muthuramalingam Road (Greenways Road) R, A Puram, Chennai, Tamil Nadu, India – 600028
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of IT 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 IT 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 IT Expressway Limited, buy the company report.
Financials of IT Expressway Limited
FY 2024 filings availableIT Expressway Limited reported revenue of ₹48.54 Cr (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA fell 540% 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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| EBITDA | -₹69.13 Cr | ||||
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| Net Profit (PAT) | -₹69.9 Cr | ||||
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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 | -142.4% | ||||
| Net Profit Margin | -144% | ||||
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To see the full financial statements and ratios of IT Expressway Limited, buy the company report.
Board of directors of IT Expressway Limited
IT Expressway has 9 current directors and 62 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gitakrishnanramadurai Also directs: Tamil Nadu Road Development Company Limited, Tritiyaeye Private Limited, Atri Technology Private Limited and 2 more | Director | 26 Sep 2025 | 1 Years 1 Months | Current |
| Deivasigamani Baskarapandian Also directs: Tamil Nadu Road Development Company Limited | Managing Director | 10 Feb 2025 | 1 Years 8 Months | Current |
| Setty Arumugam Ayyappan | Director | 19 Nov 2021 | 4 Years 11 Months | Current |
| Ramasamy Selvaraj | Director | 24 Jan 2024 | 2 Years 9 Months | Current |
| Chandrasekaran Baskar | Nominee Director | 28 Aug 2024 | 2 Years 1 Months | Current |
| Senthil Kumar Also directs: Tamilnadu Petroproducts Limited, Sattva Agro Expo Private Limited, Karur Yarnlinks Limited and 5 more | Director | 21 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
IT Expressway Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Asip Private Limited | ₹50.2 Cr (FY 2016) | 21.0% | Hyderabad, Telangana, India | |||
| Bihar State Road Development Corporation Limited | ₹49.26 Cr (FY 2022) | -24.0% | 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 Limitedthis company | ₹48.54 Cr (FY 2024) | -₹69.9 Cr | -144% | 26.0% | 50 | 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 | |||
| Dewas Bypass Tollway Private Limited | ₹48.35 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Radhakrishna Infratech Private Limited | ₹48.07 Cr (FY 2025) | 32716.0% | Hooghly, West Bengal, India | |||
| Nirmal Bot Private Limited | ₹47.94 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of IT Expressway Limited, buy the company report.
Auditor
IT Expressway Limited is audited by CNGSN & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNGSN & ASSOCIATES LLP | FY 2023 | 004915S/ S200036 |
Shareholding
The shareholding of IT 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 IT Expressway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2008 | 10101485 | Vijaya Bank | ₹65 Cr | Satisfied | |
| 13 Feb 2006 | 80007859 | ₹65 Cr | Satisfied | ||
| 13 May 2005 | 90290639 | Indian Bank | ₹50 Cr | Satisfied |
To see the full charge records of IT Expressway Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
IT Expressway Limited has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹31.5 Cr; the latest was in January 2010.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2010 | Funding round | ₹31.5 Cr | Investors: Tamil Nadu Road Development Company Limited , Tamilnadu Industrial Development Corporation Limited |
| Jul 2007 | Acquisition | ₹12.5 Cr | Buyer: Tamil Nadu Road Development Company Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
IT Expressway Limited has 60 court cases on record: 6 filed by IT Expressway, 54 filed against it. 2 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 55 | 49 | 1 |
| District courts | 4 | 4 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed by the company against M/S.Prakash Arts Private Ltd | Disposed |
| High Court, TAMIL NADU | Court case (OSA(CAD)) | Filed against the company by Roman Tarmat Limited | Disposed |
| High Court, TAMIL NADU | Original application | Filed against the company by Prakash Arts Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Roman Tarmat Limited | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Prakash Arts Pvt Ltd., A.S.Kailasam and Associates | Disposed |
To see the full case history of IT 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for IT Expressway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
IT Expressway Limited has a workforce of 50 employees on its EPFO records as of Oct 15, 2024, across 1 active EPFO establishment.
GST
IT Expressway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCI2550H1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of IT Expressway Limited, buy the company report.
Recent activity
IT Expressway Limited has 68 board changes on record since 2008: 9 appointments and 59 cessations. The latest: Gitakrishnanramadurai ceased to be Additional Director on 29 Sep 2025.
67 earlier events are in the company report.
Frequently asked questions
IT Expressway is an active public limited company based in Chennai, Tamil Nadu, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 17 April 2003 (23+ years old) and is registered under CIN U45203TN2003PLC050703.
IT Expressway has 9 current directors:
- Deivasigamani Baskarapandian - Managing Director
- Gitakrishnanramadurai - Director
- Setty Arumugam Ayyappan - Director
- Ramasamy Selvaraj - Director
- Chandrasekaran Baskar - Nominee Director
- Senthil Kumar - Director
- Balasubramanian Venkatesh - Director
- Brajendra Navnit - Nominee Director
- Selvaraj Maheswari - Nominee Director
The latest financial statements of IT Expressway on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of IT Expressway is 33AABCI2550H1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of IT Expressway is U45203TN2003PLC050703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IT Expressway has 60 court cases on record: 6 filed by the company and 54 filed against it. 2 are pending. Most are in the high courts.
IT Expressway was incorporated on 17 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
IT Expressway has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹31.5 Cr; the latest was in January 2010.
The peers of IT Expressway by revenue are Asip Private Limited, Bihar State Road Development Corporation Limited, Ahmednagar Ghogargaon Road Projects Private Limited, Supreme Infrastructure Bot Holdings Private Limited, Mangloor Highways Private Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Gitakrishnanramadurai ceased to be Additional Director on 29 Sep 2025. Gitakrishnanramadurai was appointed as Director on 26 Sep 2025. Selvaraj Maheswari was appointed as Nominee Director on 21 Aug 2025. IT Expressway has 68 board changes on record in total.
IT Expressway can be reached through the website itel.tnrdc.com. Its registered office is in Chennai, Tamil Nadu, India.