M.V.R. Infrastructure and Tollways Limited
About M.V.R. Infrastructure and Tollways Limited
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M.V.R. Infrastructure and Tollways Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Irb Infrastructure Developers Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 05 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PLC249855. Its GSTIN is 27AAECM8766E1Z5 (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹69.1 Cr. It was formerly known as M.V.R. Infrastructure and Tollways Private Limited. It is led by directors including Omprakash Singh Ashok and Rushabh Rakesh Gandhi.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Irb Complex Chandivali Farm Chandivali Village Andheri (East), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹138.66 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹57.7 Cr (net margin 41.6%) and EBITDA of ₹118.8 Cr (EBITDA margin 85.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 11% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹210 Cr and satisfied charges of ₹247.44 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 1 case is pending. The company has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹69.08 Cr; the latest was in May 2017. 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 Ae Tollway Limited with revenue of ₹139.66 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
M.V.R. Infrastructure and Tollways has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45200MH2006PLC249855, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2006PLC249855 | Current |
| U45200MH2006PTC249855 | Previous |
| U45200AP2006PTC048689 | Previous |
Contact details
M.V.R. Infrastructure and Tollways Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIrb Complex Chandivali Farm Chandivali Village Andheri (East), Mumbai, Maharashtra, India – 400072
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of M.V.R. Infrastructure and Tollways 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 M.V.R. Infrastructure and Tollways 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 M.V.R. Infrastructure and Tollways Limited, buy the company report.
Financials of M.V.R. Infrastructure and Tollways Limited
FY 2025 filings availableM.V.R. Infrastructure and Tollways Limited reported revenue of ₹138.66 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 6% 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 | ₹118.8 Cr | ||||
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| Net Profit (PAT) | ₹57.7 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 85.7% | ||||
| Net Profit Margin | 41.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of M.V.R. Infrastructure and Tollways Limited, buy the company report.
Board of directors of M.V.R. Infrastructure and Tollways Limited
M.V.R. Infrastructure and Tollways has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omprakash Singh Ashok Also directs: Irb Pathankot Amritsar Toll Road Limited, Irb Talegaon Amravati Tollway Limited, Irb Jaipur Deoli Tollway Limited and 4 more | Director | 12 Dec 2021 | 4 Years 10 Months | Current |
| Rushabh Rakesh Gandhi Also directs: Irb Pathankot Amritsar Toll Road Limited, Irb Talegaon Amravati Tollway Limited, Irb Jaipur Deoli Tollway Limited and 5 more | Director | 31 Mar 2021 | 5 Years 7 Months | Current |
| Vinodkumar Sethumadhva Menon Also directs: Irb Surat Dahisar Tollway Limited, Irb Pathankot Amritsar Toll Road Limited, Irb Talegaon Amravati Tollway Limited and 4 more | Director | 08 May 2013 | 13 Years 5 Months | Current |
| Darshan Suryakant Sangurdekar Also directs: Irb Surat Dahisar Tollway Limited, Irb Pathankot Amritsar Toll Road Limited, Irb Tumkur Chitradurga Tollway Limited and 3 more | Director | 12 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
M.V.R. Infrastructure and Tollways 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 |
|---|---|---|---|---|---|---|
| Ae Tollway Limited | ₹139.66 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Ashoka Banwara Bettadahalli Road Private Limited | ₹138.89 Cr (FY 2025) | -30.0% | New Delhi, Delhi, India | |||
| Vadodara Kim Expressway Private Limited | ₹138.87 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India | |||
| Alok Buildtech Private Limited | ₹138.76 Cr (FY 2022) | 8.0% | Durg, Chhattisgarh, India | |||
| M.V.R. Infrastructure and Tollways Limitedthis company | ₹138.66 Cr (FY 2025) | ₹57.7 Cr | 41.6% | -2.0% | 28 | Mumbai, Maharashtra, India |
| Eagledeep Kolaghat Haldia Omt Project Private Limited | ₹138.65 Cr (FY 2025) | 1.0% | Thane, Maharashtra, India | |||
| Ashoka Karadi Banwara Road Private Limited | ₹138.2 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Shapers Constructions Limited | ₹138.12 Cr (FY 2025) | 9.0% | Bhopal, Madhya Pradesh, India | |||
| Rockeira Engineering Private Limited | ₹137.74 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Ircon Vadodara Kim Expressway Limited | ₹137.68 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India |
To see the full peer comparison of M.V.R. Infrastructure and Tollways Limited, buy the company report.
Auditor
M.V.R. Infrastructure and Tollways Limited is audited by MKPS & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & Associates | FY 2024 | 302014E |
Shareholding
The shareholding of M.V.R. Infrastructure and Tollways 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 M.V.R. Infrastructure and Tollways Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 May 2017 | 100105816 | Others | ₹210 Cr | Open | |
| 04 Sep 2015 | 10595274 | Idbi Trusteeship Services Limited | ₹120 Cr | Satisfied | |
| 17 Sep 2013 | 10451594 | Idfc Bank Limited | ₹93 Cr | Satisfied | |
| 15 Jun 2010 | 10230261 | Idfc Limited | ₹3.44 Cr | Satisfied | |
| 17 Apr 2009 | 10156999 | Andhra Bank | ₹17 Cr | Satisfied |
To see the full charge records of M.V.R. Infrastructure and Tollways Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
M.V.R. Infrastructure and Tollways Limited has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹69.08 Cr; the latest was in May 2017.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Secondary share transfer | Undisclosed | Buyer: IRB InvIT Fund Seller: Irb Infrastructure Developers Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Developers Limited Seller: Jtegc Projects (India) Private Limited , M Venkata Rao Infra Projects Private Limited, an individual |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Developers Limited Seller: Ifci Limited , Idfc Limited |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Developers Limited , an individual Seller: Jtegc Projects (India) Private Limited , M.V.R.And Sons Techno Builders Private Limited , M.V.R.Constructions Private Limited , an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: M.V.R.And Sons Techno Builders Private Limited , M.V.R.Constructions Private Limited Seller: M Venkata Rao Infra Projects Private Limited |
To see the full deal history of M.V.R. Infrastructure and Tollways 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
M.V.R. Infrastructure and Tollways Limited has 10 court cases on record: 3 filed by M.V.R. Infrastructure and Tollways, 7 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 6 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against National Highways Authority of India | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by National Highway Authority of India | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by National Highways Authority of India | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by National Highways Authority of India | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against National Highways of Authority of India | Disposed |
To see the full case history of M.V.R. Infrastructure and Tollways 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 M.V.R. Infrastructure and Tollways Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
M.V.R. Infrastructure and Tollways Limited has a workforce of 28 employees on its EPFO records as of Apr 07, 2025, across 1 active EPFO establishment.
GST
M.V.R. Infrastructure and Tollways has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM8766E1Z5 | Maharashtra | Active | 16 Nov 2017 |
| 33AAECM8766E1ZC | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M.V.R. Infrastructure and Tollways Limited, buy the company report.
Recent activity
M.V.R. Infrastructure and Tollways Limited has 21 board changes on record since 2012: 4 appointments and 17 cessations. The latest: Darshan Suryakant Sangurdekar ceased to be Additional Director on 24 Jun 2022.
26 earlier events are in the company report.
Frequently asked questions
M.V.R. Infrastructure and Tollways 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 05 January 2006 (20+ years old) and is registered under CIN U45200MH2006PLC249855.
M.V.R. Infrastructure and Tollways has 4 current directors:
- Omprakash Singh Ashok - Director
- Rushabh Rakesh Gandhi - Director
- Vinodkumar Sethumadhva Menon - Director
- Darshan Suryakant Sangurdekar - Director
The latest financial statements of M.V.R. Infrastructure and Tollways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of M.V.R. Infrastructure and Tollways is 27AAECM8766E1Z5, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 33AAECM8766E1ZC (Tamil Nadu).
The CIN (Corporate Identification Number) of M.V.R. Infrastructure and Tollways is U45200MH2006PLC249855. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M.V.R. Infrastructure and Tollways has 10 court cases on record: 3 filed by the company and 7 filed against it. 1 is pending. Most are in the high courts.
M.V.R. Infrastructure and Tollways was incorporated on 05 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
M.V.R. Infrastructure and Tollways has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹69.08 Cr; the latest was in May 2017.
The peers of M.V.R. Infrastructure and Tollways by revenue are Ae Tollway Limited, Ashoka Banwara Bettadahalli Road Private Limited, Vadodara Kim Expressway Private Limited, Alok Buildtech Private Limited, Eagledeep Kolaghat Haldia Omt Project Private Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Darshan Suryakant Sangurdekar ceased to be Additional Director on 24 Jun 2022. Omprakash Singh Ashok ceased to be Additional Director on 24 Jun 2022. Darshan Suryakant Sangurdekar was appointed as Director on 12 Dec 2021. M.V.R. Infrastructure and Tollways has 21 board changes on record in total.
The registered office of M.V.R. Infrastructure and Tollways is at Irb Complex Chandivali Farm Chandivali Village Andheri East, Mumbai, Maharashtra, India – 400072.
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