About Panipat Elevated Corridor Private Limited
Data last updated:
Panipat Elevated Corridor Private Limited is a private limited company based in Sriperumbudur, Tamil Nadu, India, a subsidiary of L&T Infrastructure Development Projects Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 21 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45203TN2005PTC056999. Its GSTIN is 06AABCL1136G1ZZ (Haryana).
The company has an authorised share capital of ₹145 Cr and a paid-up capital of ₹30.05 Cr. It was formerly known as L & T Panipat Elevated Corridor Limited. It is led by directors including Sandip Das and Pramod Mulchand Sharma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor Tower B Commerzone IT Park, 4th Floor Tower B Commerzone IT Park, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹113.14 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹75.33 Cr (net margin 66.6%) and EBITDA of ₹115.66 Cr (EBITDA margin 102.2%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 3% over five years.
The company is associated with 1 brand: L&T Idpl. As per MCA filings, the company has satisfied charges of ₹545.05 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹130 Cr; the latest was in June 2016. Its 8 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 4 smaller; the largest is Puintola Tollway Private Limited with revenue of ₹114.88 Cr. The company has 3 MSME Form 1 returns on record between 2021 and 2022, listing 8 overdue payments to 6 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 lntidpl.com.
Company details
Name history
Panipat Elevated Corridor has undergone 2 name changes throughout its history. The company was previously known as L & T Panipat Elevated Corridor Limited, and Panipat Elevated Corridor Private Limited. The current legal name is Panipat Elevated Corridor Private Limited.
| Company Name | Status |
|---|---|
| Panipat Elevated Corridor Private Limited | Current |
| L & T Panipat Elevated Corridor Limited | Previous |
CIN history
Panipat Elevated Corridor has one previous CIN (Corporate Identification Number): U45203TN2005PLC056999. The current CIN is U45203TN2005PTC056999, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203TN2005PTC056999 | Current |
| U45203TN2005PLC056999 | Previous |
Contact details
Panipat Elevated Corridor Private Limited's registered office is in Sriperumbudur, Tamil Nadu.
- Registered Address4th Floor Tower B Commerzone IT Park, Mount Ponnamallee Road Porur Chennai – 600116 Tamil Nadu India, Sriperumbudur, Tamil Nadu, India – 600116
- IndustryInfrastructure and Utilities, Road & Bridge Construction
- 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
Brands
Panipat Elevated Corridor operates one associated brand: L&T IDPL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate and transmission infrastructure are developed by L&T IDPL. | lntidpl.com |
Business activity
The main business activity of Panipat Elevated Corridor 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 Panipat Elevated Corridor Private Limited, buy the company report.
Financials of Panipat Elevated Corridor Private Limited
FY 2025 filings availablePanipat Elevated Corridor Private Limited reported revenue of ₹113.14 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 3% growth in the latest year. EBITDA rose 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹115.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹75.33 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 102.2% | ||||
| Net Profit Margin | 66.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Panipat Elevated Corridor Private Limited, buy the company report.
Board of directors of Panipat Elevated Corridor Private Limited
Panipat Elevated Corridor has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip Das Also directs: Jorabat Shillong Expressway Limited, Epic Concesiones 6 Private Limited, Epic Concesiones 5 Private Limited and 5 more | Director | 11 Apr 2024 | 2 Years 7 Months | Current |
| Pramod Mulchand Sharma | Director | 11 Apr 2024 | 2 Years 7 Months | Current |
| Esther Malini | Director | 27 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Panipat Elevated Corridor Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Puintola Tollway Private Limited | ₹114.88 Cr (FY 2025) | 11.0% | Gurgaon, Haryana, India | |||
| Kalthia Una Highway Limited | ₹114.87 Cr (FY 2024) | 59.0% | Ahmedabad, Gujarat, India | |||
| Katra Expressway Private Limited | ₹114.24 Cr (FY 2025) | -70.0% | Delhi, India | |||
| Unnao Highways Private Limited | ₹113.93 Cr (FY 2025) | -76.0% | Agra, Uttar Pradesh, India | |||
| Panipat Elevated Corridor Private Limitedthis company | ₹113.14 Cr (FY 2025) | ₹75.33 Cr | 66.6% | 3.0% | Sriperumbudur, Tamil Nadu, India | |
| Garg Sons Estate Promoters Private Limited | ₹113.11 Cr (FY 2024) | 11.0% | Chandigarh, India | |||
| DBL Sangli Borgaon Highways Limited | ₹112.23 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Vishesh Infrastructure Private Limited | ₹112.07 Cr (FY 2025) | 249.0% | New Delhi, Delhi, India | |||
| Freedompoint Expressway Private Limited | ₹111.73 Cr (FY 2025) | 66.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Panipat Elevated Corridor Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2012 | 10369050 | Idbi Trusteeship Services Limited | ₹250 Cr | Satisfied | |
| 29 Dec 2005 | 80026716 | State Bank of India | ₹295.05 Cr | Satisfied |
To see the full charge records of Panipat Elevated Corridor Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Panipat Elevated Corridor Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹130 Cr; the latest was in June 2016.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2007 | Funding round | ₹84.25 Cr | Investors: Epic Concesiones 3 Private Limited |
To see the full deal history of Panipat Elevated Corridor Private 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
Panipat Elevated Corridor Private Limited has 4 court cases on record: 2 filed by Panipat Elevated Corridor, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Appeal | Filed against the company by Ma Taksh Media Pvt Ltd | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Haryana and Others | Pending |
| District court, Panipat, Haryana | Commercial suit | Filed against the company by an individual | Disposed |
| High Court, CHANDIGARH (UT) | Writ petition | Filed by the company against National Highways Authority of India and Others | Disposed |
To see the full case history of Panipat Elevated Corridor 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
Panipat Elevated Corridor Private Limited was last rated by Icra on 30 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Jul 2021 |
To see the full credit ratings and regulatory alerts of Panipat Elevated Corridor Private Limited, buy the company report.
MSME payment delays
Panipat Elevated Corridor Private Limited has 3 MSME Form 1 returns on record between 2021 and 2022, listing 8 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sipani Energy Limited | |||
| an individual supplier | |||
| Kent Intelligent Transportation Systems (India) Private Limited | |||
| Talati & Talati LLP | |||
| an individual supplier |
To see the full MSME payment records of Panipat Elevated Corridor Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Panipat Elevated Corridor has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCL1136G1ZZ | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panipat Elevated Corridor Private Limited, buy the company report.
Recent activity
Panipat Elevated Corridor Private Limited has 26 board changes on record since 2007: 3 appointments and 23 cessations. The latest: Parthasarathy Padmanabhan ceased to be CFO on 05 Nov 2025.
22 earlier events are in the company report.
News
Frequently asked questions
Panipat Elevated Corridor is an active private limited company based in Sriperumbudur, Tamil Nadu, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 21 July 2005 (21+ years old) and is registered under CIN U45203TN2005PTC056999.
Panipat Elevated Corridor has 3 current directors:
- Sandip Das - Director
- Pramod Mulchand Sharma - Director
- Esther Malini - Director
The latest financial statements of Panipat Elevated Corridor on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panipat Elevated Corridor is 06AABCL1136G1ZZ, registered in Haryana.
The CIN (Corporate Identification Number) of Panipat Elevated Corridor is U45203TN2005PTC056999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panipat Elevated Corridor has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Panipat Elevated Corridor was incorporated on 21 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
Panipat Elevated Corridor has 2 deals on record (2 funding rounds), with disclosed funding of ₹130 Cr; the latest was in June 2016.
The peers of Panipat Elevated Corridor by revenue are Puintola Tollway Private Limited, Kalthia Una Highway Limited, Katra Expressway Private Limited, Unnao Highways Private Limited, Garg Sons Estate Promoters Private Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Parthasarathy Padmanabhan ceased to be CFO on 05 Nov 2025. Ashwin Mahalingam ceased to be Director on 11 Apr 2024. Pramod Mulchand Sharma was appointed as Director on 11 Apr 2024. Panipat Elevated Corridor has 26 board changes on record in total.
Panipat Elevated Corridor has 3 MSME Form 1 returns on record between 2021 and 2022, listing 8 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Panipat Elevated Corridor can be reached through the website lntidpl.com. Its registered office is in Sriperumbudur, Tamil Nadu, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
