About Nelamangala Devihalli Expressway Private Limited
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Nelamangala Devihalli Expressway Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Cube Highways And Infrastructure I-D Pte. Ltd.. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 20 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45100DL2017PTC326190. Its GSTIN is 07AAHCG0808N1ZG (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.48 Cr. It was formerly known as Gradient Infra Assets Advisors Private Limited. It is led by directors Deepan Hemantkumar Shah and Himanshu Luthra.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 376 Upper Ground Floor Nirman Vihar, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2025, the company reported a revenue of ₹116.6 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.3 Cr (net margin -2%) and EBITDA of ₹76.4 Cr (EBITDA margin 65.5%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹264.81 Cr and satisfied charges of ₹497.75 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending. The company has 3 deals on record (1 acquisition, 1 secondary share transfer, 1 rights issue); the latest was in December 2020. 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 Ambe Infraprojects Private Limited with revenue of ₹118.93 Cr. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 162 overdue payments to 22 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cubehighwaystrust.com.
Company details
CIN history
Nelamangala Devihalli Expressway has one previous CIN (Corporate Identification Number): U74999DL2017PTC326190. The current CIN is U45100DL2017PTC326190, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45100DL2017PTC326190 | Current |
| U74999DL2017PTC326190 | Previous |
Contact details
Nelamangala Devihalli Expressway Private Limited's registered office is in New Delhi, Delhi. Its website is cubehighwaystrust.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 376 Upper Ground Floor Nirman Vihar, New Delhi, Delhi, India – 110092
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Nelamangala Devihalli Expressway Private 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 Nelamangala Devihalli 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 Nelamangala Devihalli Expressway Private Limited, buy the company report.
Financials of Nelamangala Devihalli Expressway Private Limited
FY 2025 filings availableNelamangala Devihalli Expressway Private Limited reported revenue of ₹116.6 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over three years, including 6% growth in the latest year. EBITDA fell 5% 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 | ₹76.4 Cr | ||||
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| Net Profit (PAT) | -₹2.3 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 | 65.5% | ||||
| Net Profit Margin | -2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nelamangala Devihalli Expressway Private Limited, buy the company report.
Board of directors of Nelamangala Devihalli Expressway Private Limited
Nelamangala Devihalli Expressway has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepan Hemantkumar Shah | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
| Himanshu Luthra | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Nelamangala Devihalli Expressway Private 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 |
|---|---|---|---|---|---|---|
| Ambe Infraprojects Private Limited | ₹118.93 Cr (FY 2025) | -34.0% | Lucknow, Uttar Pradesh, India | |||
| Ankleshwar Manubar Expressway Private Limited | ₹118.51 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Kotwa-Muzaffarpur Tollway Private Limited | ₹117.68 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Patna Bakhtiyarpur Tollway Limited | ₹116.74 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Nelamangala Devihalli Expressway Private Limitedthis company | ₹116.6 Cr (FY 2025) | -₹2.3 Cr | -2% | 6.0% | 30 | New Delhi, Delhi, India |
| Dodaballapur Hoskote Highways Limited | ₹116.47 Cr (FY 2025) | -56.0% | Bhopal, Madhya Pradesh, India | |||
| Markolines Infra Limited | ₹116.39 Cr (FY 2024) | 52.0% | Navi Mumbai, Maharashtra, India | |||
| Raj Path Infracon Nh-544G Pkg-3 Private Limited | ₹116.16 Cr (FY 2025) | 108358.0% | Pune, Maharashtra, India | |||
| Montecarlo Hubli Haveri Highway Private Limited | ₹115.65 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India | |||
| Madurai-Kanyakumari Tollway Private Limited | ₹115.6 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nelamangala Devihalli Expressway Private Limited, buy the company report.
Auditor
Nelamangala Devihalli Expressway Private Limited is audited by S.B. Billimoria & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.B. Billimoria & Co. LLP | FY 2023 | 101496W/W-100774 |
Shareholding
The shareholding of Nelamangala Devihalli Expressway Private 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 Nelamangala Devihalli Expressway Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2023 | 100717319 | Sbicap Trustee Company Limited | ₹264.81 Cr | Open | |
| 14 Dec 2020 | 100394352 | Sbicap Trustee Company Limited | ₹269.75 Cr | Satisfied | |
| 28 Nov 2019 | 100309345 | State Bank of India | ₹228 Cr | Satisfied |
To see the full charge records of Nelamangala Devihalli Expressway Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Nelamangala Devihalli Expressway Private Limited has 3 deals on record (1 acquisition, 1 secondary share transfer, 1 rights issue); the latest was in December 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Rights issue | ₹37.89 Cr | Investors: Cube Highways and Infrastructure |
| Nov 2020 | Acquisition | ₹115.18 Cr | Buyer: Cube Highways and Infrastructure |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: Cube Highways and Infrastructure, Cube Highways and Infrastructure I-D Pte Limited and Rohan Sharma Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nelamangala Devihalli Expressway Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, HASSAN, Karnataka | Motor accident claim | Filed against the company | Pending |
| District court, HASSAN, Karnataka | Motor accident claim | Filed against the company | Disposed |
| District court, HASSAN, Karnataka | Motor accident claim | Filed against the company | Disposed |
To see the full case history of Nelamangala Devihalli Expressway Private 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
Nelamangala Devihalli Expressway Private Limited was last rated by Icra on 07 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Oct 2021 |
To see the full credit ratings and regulatory alerts of Nelamangala Devihalli Expressway Private Limited, buy the company report.
MSME payment delays
Nelamangala Devihalli Expressway Private Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 162 overdue payments to 22 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Eclat Engineering Consultants | |||
| Express Travel Yatri Private Limited | |||
| an individual supplier | |||
| Magnetic Faac India Private Limited | |||
| Ynm Pan Global Trade Private Limited |
To see the full MSME payment records of Nelamangala Devihalli Expressway Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nelamangala Devihalli Expressway Private Limited has a workforce of 30 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Nelamangala Devihalli Expressway has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCG0808N1ZG | Delhi | Active | 01 Dec 2019 |
| 29AAHCG0808N1ZA | Karnataka | Active | 09 Feb 2021 |
To see the full GST registrations and return filing status of Nelamangala Devihalli Expressway Private Limited, buy the company report.
Recent activity
Nelamangala Devihalli Expressway Private Limited has 16 board changes on record since 2017: 9 appointments and 7 cessations. The latest: Mridul Gupta ceased to be Director on 31 Dec 2024.
12 earlier events are in the company report.
Frequently asked questions
Nelamangala Devihalli Expressway is an active private limited company based in New Delhi, Delhi, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 20 November 2017 (9+ years old) and is registered under CIN U45100DL2017PTC326190.
Nelamangala Devihalli Expressway has 2 current directors:
- Deepan Hemantkumar Shah - Director
- Himanshu Luthra - Director
The latest financial statements of Nelamangala Devihalli Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Nelamangala Devihalli Expressway is 07AAHCG0808N1ZG, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAHCG0808N1ZA (Karnataka).
The CIN (Corporate Identification Number) of Nelamangala Devihalli Expressway is U45100DL2017PTC326190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nelamangala Devihalli Expressway has 4 court cases on record: 4 filed against it. 1 is pending.
Nelamangala Devihalli Expressway was incorporated on 20 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Nelamangala Devihalli Expressway has 3 deals on record (1 acquisition, 1 secondary share transfer, 1 rights issue); the latest was in December 2020.
The peers of Nelamangala Devihalli Expressway by revenue are Ambe Infraprojects Private Limited, Ankleshwar Manubar Expressway Private Limited, Kotwa-Muzaffarpur Tollway Private Limited, Patna Bakhtiyarpur Tollway Limited, Dodaballapur Hoskote Highways Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Mridul Gupta ceased to be Director on 31 Dec 2024. Ravindranath Karati ceased to be Director on 10 Sep 2023. Anoop Marwaha ceased to be Director on 14 Nov 2022. Nelamangala Devihalli Expressway has 16 board changes on record in total.
Nelamangala Devihalli Expressway has 10 MSME Form 1 returns on record between 2021 and 2024, listing 162 overdue payments to 22 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nelamangala Devihalli Expressway can be reached through the website cubehighwaystrust.com. Its registered office is in New Delhi, Delhi, India.