Nandi Highway Developers Limited - Company Profile

It is a infrastructure and utilities public limited company based in Bangalore, Karnataka, India, established in 1996.

1996 Bangalore, Karnataka, India Active

Last Updated: January 07, 2026

About Nandi Highway Developers Limited

Nandi Highway Developers Limited, a active public limited company, was established on 19 January 1996 in Bangalore, Karnataka, India. Engaging in road & bridge construction within the transport and storage sector, it holds CIN: U85110KA1996PLC019621. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹38.00 Cr and a paid-up capital of ₹37.50 Cr.

It upholds a compliant status. Employing 181 professional, Its leadership includes Shivakumar Kheny (Whole-Time Director), Vikram Manohar Munje (Director), Jayant Kumodchandra Hemade (Director). Past directors included Shivakumar Kheny, Sanjay Sharad Vaidya, Vikram Manohar Munje. It holds no open charges and ₹337.95 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No.1, Midford House,Midford Garden Off M.G. Road,, Bangalore, Karnataka, 560001.

Company Details

CIN/LLPIN
U85110KA1996PLC019621
Registration Number
019621
Incorporation Date
19 January 1996
Authorized Capital
₹38.00 Cr
Paid-Up Capital
₹37.50 Cr
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 38.00 Cr as on 07-01-2026
Paid Up Capital ₹ 37.50 Cr as on 07-01-2026
Company Age 30 Year, 3 Months
Last Filing with ROC 31 Mar 2024
Satisfied Charges ₹ 337.95 Cr as on 07-01-2026
Revenue Growth **** -98.60% (FY 2023)
Profit Growth **** -98.44% (FY 2023)
Ebitda **** -98.53% (FY 2023)
Net Worth -98.69% (FY 2023)
Total Assets -98.60% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Nandi Highway Developers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Nandi Highway Developers Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shivakumar Kheny	Whole-Time Director	19 Jan 1996	Current
Vikram Manohar Munje	Director	10 Aug 2023	Current
Jayant Kumodchandra Hemade	Director	30 Apr 2024	Current
Bhalchandra Shankar Mitkari	Director	02 Jun 2017	Current
Arehalli Subramanyam Basappa Shiva	Director	30 Sep 2015	Current
Prashant Vinay Deo	Director	02 Jun 2017	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	01 Apr 2019	Past
Pramod Abcsdd	Director	03 Mar 2014	Past
Pramod Abcsdd	Additional Director	27 Aug 2023	Past
Pramod Abcsdd	Additional Director	29 Sep 2017	Past
Pramod Abcsdd	Additional Director	31 May 2024	Past
Pramod Abcsdd	Director	08 Sep 2022	Past

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Financial Performance of Nandi Highway Developers.

Nandi Highway Developers Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 98.6% decrease. The company also saw a substantial fall in profitability, with a 98.44% decrease in profit. The company's net worth observed a substantial decline by a decrease of 98.69%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-98.60%

*******

Revenue from Operations

*******

-98.59%

*******

Total Assets

*******

-98.60%

*******

Profit or Loss

*******

-98.44%

*******

Net Worth

*******

-98.69%

*******

EBITDA

*******

-98.53%

*******

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What is the Ownership and Shareholding Structure of Nandi Highway Developers?

In 2023, Nandi Highway Developers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹3,379,500,000.00

Charges Breakdown by Lending Institutions

Others : 190.00 Cr
Uti Bank Limited : 87.50 Cr
Tata Capital Financial Services Limited : 30.00 Cr
Kotak Mahindra Investments Limited : 30.00 Cr
Hdfc Bank Limited : 0.45 Cr

Latest Charge Details

Date	Lender	Amount	Status
12 Oct 2022	Hdfc Bank Limited	₹4.50 M	Satisfied
06 Oct 2022	Others	₹70.00 Cr	Satisfied
18 Jan 2019	Others	₹120.00 Cr	Satisfied
17 Dec 2014	Kotak Mahindra Investments Limited	₹30.00 Cr	Satisfied
27 Jun 2013	Tata Capital Financial Services Limited	₹30.00 Cr	Satisfied

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How Many Employees Work at Nandi Highway Developers?

Nandi Highway Developers has a workforce of 181 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Nandi Highway Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Nandi Highway Developers's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Nandi Highway Developers

Recent Activity within the Organization

Director Appointment

The activity Ranjita Timmappa Bhat was appointed as a Cfo was appointed as a Cfo on 18 Oct 2025 & has been associated with this company since 6 months 23 days . was completed.
18 Oct 2025
Annual General Meeting

The activity Nandi Highway Developers Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Director Appointment

Progress on Jayant Kumodchandra Hemade was appointed as a Director was appointed as a Director on 30 Apr 2024 & has been associated with this company since 2 years 10 days . was documented.
30 Apr 2024
Balance Sheet

Nandi Highway Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was recorded as a recent event.
31 Mar 2024
Charges

Progress on A charge registered on 06 Oct 2022 via Charge ID 100613141 with Others was fully satisfied on 19 Oct 2023. was documented.
19 Oct 2023
Director Appointment

Vikram Manohar Munje was appointed as a Director was appointed as a Director on 10 Aug 2023 & has been associated with this company since 2 years 9 months . was recorded as a recent event.
10 Aug 2023

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