About Mumbai Pune Expressway Limited
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Mumbai Pune Expressway Limited is a public limited state government company based in Mumbai, Maharashtra, India, a subsidiary of Maharashtra State Road Development Corporation Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 27 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45500MH2018SGC308644. Its GSTIN is 27AALCM8029R1ZJ (Maharashtra).
The company has an authorised share capital of ₹900 Cr and a paid-up capital of ₹250.05 Cr. It is led by directors including Vijaya Vivekanand Shenoy and Prasad Ravikant Sawant.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Near Lilavati Hospital Opp. Bandra Reclamation Bus Depot K C Marg, Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹910.83 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹30.63 Cr (net margin 3.4%) and EBITDA of ₹902.45 Cr (EBITDA margin 99.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
As per MCA filings, the company has satisfied charges of ₹6,900 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 4 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹250 Cr; the latest was in February 2019.
For more details, the company can be reached via its website msrdc.org.
Company details
Contact details
Mumbai Pune Expressway Limited's registered office is in Mumbai, Maharashtra. Its website is msrdc.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNear Lilavati Hospital Opp. Bandra Reclamation Bus Depot K C Marg, Mumbai, Maharashtra, India – 400050
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Mumbai Pune 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 Mumbai Pune Expressway is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies |
To see the full business activity and turnover split of Mumbai Pune Expressway Limited, buy the company report.
Financials of Mumbai Pune Expressway Limited
FY 2025 filings availableMumbai Pune Expressway Limited reported revenue of ₹910.83 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 9% 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 | ₹902.45 Cr | ||||
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| Net Profit (PAT) | ₹30.63 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 | 99.1% | ||||
| Net Profit Margin | 3.4% | ||||
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To see the full financial statements and ratios of Mumbai Pune Expressway Limited, buy the company report.
Board of directors of Mumbai Pune Expressway Limited
Mumbai Pune Expressway has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaya Vivekanand Shenoy Also directs: Mahasamruddhi Renewable Energy Limited, Msrdc Nagpur Gondia Limited, Msrdc Sea Link Limited and 5 more | Director | 23 May 2023 | 3 Years 5 Months | Current |
| Prasad Ravikant Sawant Also directs: Mahasamruddhi Renewable Energy Limited, Msrdc Navegaon Surjagrah Limited, Msrdc Nagpur Gondia Limited and 4 more | Director | 28 Jul 2025 | 1 Years 3 Months | Current |
| Jatin Chandrakant Desai | Additional Director | 08 Oct 2025 | 1 Years 1 Months | Current |
Auditor
Mumbai Pune Expressway Limited is audited by Sanghvi Sanghvi & Sanghvi for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanghvi Sanghvi & Sanghvi | FY 2023 | 109138W |
Shareholding
The shareholding of Mumbai Pune Expressway Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mumbai Pune Expressway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2021 | 100431967 | Hdfc Bank Limited | ₹400 Cr | Satisfied | |
| 20 Oct 2018 | 100227817 | Sbicap Trustee Company Limited | ₹6,500 Cr | Satisfied |
To see the full charge records of Mumbai Pune Expressway Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Mumbai Pune Expressway Limited has 1 deal on record (1 funding round), with disclosed funding of ₹250 Cr; the latest was in February 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Funding round | ₹250 Cr | Investors: Maharashtra State Road Development Corporation Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mumbai Pune Expressway Limited has 6 court cases on record: 2 filed by Mumbai Pune Expressway, 4 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 4 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Irb MP Expressway Pvt Ltd | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Irb MP Expressway Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Irb MP Expressway Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Irb MP Expressway Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Court case (PIL) | Filed against the company by an individual | Pending |
To see the full case history of Mumbai Pune 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
Mumbai Pune Expressway Limited was last rated by Icra on 03 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 03 Sep 2020 |
To see the full credit ratings and regulatory alerts of Mumbai Pune Expressway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mumbai Pune Expressway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mumbai Pune Expressway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM8029R1ZJ | Maharashtra | Active | 03 Jan 2019 |
To see the full GST registrations and return filing status of Mumbai Pune Expressway Limited, buy the company report.
Recent activity
Mumbai Pune Expressway Limited has 16 board changes on record since 2020: 4 appointments and 12 cessations. The latest: Jatin Chandrakant Desai was appointed as Additional Director on 08 Oct 2025.
12 earlier events are in the company report.
News
Frequently asked questions
Mumbai Pune Expressway is an active public limited state government company based in Mumbai, Maharashtra, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 27 April 2018 (8+ years old) and is registered under CIN U45500MH2018SGC308644.
Mumbai Pune Expressway has 3 current directors:
- Vijaya Vivekanand Shenoy - Director
- Prasad Ravikant Sawant - Director
- Jatin Chandrakant Desai - Additional Director
The latest financial statements of Mumbai Pune Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Mumbai Pune Expressway is 27AALCM8029R1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mumbai Pune Expressway is U45500MH2018SGC308644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mumbai Pune Expressway has 6 court cases on record: 2 filed by the company and 4 filed against it. 4 are pending.
Mumbai Pune Expressway was incorporated on 27 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Mumbai Pune Expressway has 1 deal on record (1 funding round), with disclosed funding of ₹250 Cr; the latest was in February 2019.
Jatin Chandrakant Desai was appointed as Additional Director on 08 Oct 2025. Prasad Ravikant Sawant ceased to be Additional Director on 28 Sep 2025. Prasad Ravikant Sawant was appointed as Director on 28 Jul 2025. Mumbai Pune Expressway has 16 board changes on record in total.
Mumbai Pune Expressway can be reached through the website msrdc.org. Its registered office is in Mumbai, Maharashtra, India.
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