Hurun India Rich List 2026 edition · 1 director
- #530 KS Bakshi ₹6,500 Cr
Revenue · FY 2025
₹4.88 Cr
▼ 87% YoY
Net profit · FY 2025
₹1.8 Cr
Net margin 36.9%
EBITDA · FY 2025
₹2.98 Cr
EBITDA margin 61%
Authorised capital
₹10.5 Cr
Registered with MCA
Paid-up capital
₹10.2 Cr
Issued & subscribed
Satisfied charges
₹56.22 Cr
No open charges
Company age
21 yrs
Est. 2005
Employees · EPFO
100
Provident fund records
About Path Oriental Highways Limited
Data last updated:
Path Oriental Highways Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 31 May 2005 and has been in existence for over 21 years.
Its director KS Bakshi is #530 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45203MP2005PLC017661.
The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹10.2 Cr. It was formerly known as Path Oriental Highways Private Limited and Path Oriental Highways Public Limited. It is led by directors including Nitin Agrawal (Managing Director) and Saksham Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 76 Mall Road Mhow, Indore, Madhya Pradesh, India – 453441.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.88 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Cr (net margin 36.9%) and EBITDA of ₹2.98 Cr (EBITDA margin 61%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 29% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prakash Asphalting’s & Toll Highways. As per MCA filings, the company has satisfied charges of ₹56.22 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pathltd.com.
Company Details of Path Oriental Highways Limited
CIN U45203MP2005PLC017661
Registration Number 017661
Incorporation Date 31 May 2005
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name History of Path Oriental Highways Limited
Path Oriental Highways has undergone 2 name changes throughout its history. The company was previously known as Path Oriental Highways Private Limited, and Path Oriental Highways Public Limited. The current legal name is Path Oriental Highways Limited.
| Company Name | Status |
|---|---|
| Path Oriental Highways Limited | Current |
| Path Oriental Highways Private Limited | Previous |
| Path Oriental Highways Public Limited | Previous |
CIN History of Path Oriental Highways Limited
Path Oriental Highways has one previous CIN (Corporate Identification Number): U45203MP2005PTC017661. The current CIN is U45203MP2005PLC017661, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MP2005PLC017661 | Current |
| U45203MP2005PTC017661 | Previous |
Recognitions & Rankings of Path Oriental Highways
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address76 Mall Road Mhow, Indore, Madhya Pradesh, India – 453441
- IndustryInfrastructure and Utilities, Road & Bridge Construction
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Associated Brands with Path Oriental Highways Limited
Path Oriental Highways operates one associated brand: Prakash Asphalting’s & Toll Highways. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure development services | pathltd.com |
Business Activity of Path Oriental Highways Limited
The main business activity of Path Oriental Highways is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Path Oriental Highways Limited FY 2024 filings available
Path Oriental Highways Limited reported revenue of ₹4.88 Cr (down 87% YoY) for FY 2025.
Revenue · FY 2025
₹4.88 Cr ▼ 87%
Net profit · FY 2025
₹1.8 Cr margin 36.9%
EBITDA · FY 2025
₹2.98 Cr margin 61%
Compounded Annual Growth Rate (CAGR) of Path Oriental Highways Limited
Revenue CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 46%
5 years · compounded
▼ 29%
EBITDA CAGR growth
1 year
▼ 91%
3 years · compounded
▼ 53%
5 years · compounded
▼ 29%
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 87% fall in the latest year. EBITDA fell 91% 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 of Path Oriental Highways Limited
| 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 | ₹2.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.8 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 of Path Oriental Highways Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 61% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 36.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Path Oriental Highways are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Path Oriental Highways Limited
Path Oriental Highways has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Agrawal Also directs: Path Highways Limited Liability Partnership, SPS JV LLP, Phagwara Hoshiarpur Pathways Private Limited and 5 more | Managing Director | 31 May 2005 | 21 Years 4 Months | Current |
| Saksham Agrawal | Director | 28 Jan 2020 | 6 Years 8 Months | Current |
| Kanwaljit Singh Bakshi | Director | 06 Jul 2005 | 21 Years 3 Months | Current |
| Nipun Agrawal | Director | 31 Mar 2013 | 13 Years 6 Months | Current |
| Vikas Mohan Also directs: Oriental Tollways Private Limited, Kallagam-Meensurutti Highway Private Limited, Taskyn Coal and Mines Private Limited and 5 more | Director | 12 Nov 2025 | 0 Years 11 Months | Current |
Peer Comparison of Path Oriental Highways Limited
Path Oriental Highways Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Roads and Bridges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jansah Constructions Private Limited | ₹5.02 Cr (FY 2023) | •••• | •••• | -32.0% | •••• | Anantnag, Jammu and Kashmir, India |
| Iway Projects Private Limited | ₹4.97 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Indore, Madhya Pradesh, India |
| Techno Grid Private Limited | ₹4.96 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Sivasagar, Assam, India |
| Dhanashree Builders Private Limited | ₹4.95 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Goa, India |
| Sinha Radiance Private Limited | ₹4.9 Cr (FY 2018) | •••• | •••• | -51.0% | •••• | Patna, Bihar, India |
| Path Oriental Highways Limited this company | ₹4.88 Cr (FY 2025) | •••• | •••• | -87.0% | •••• | Indore, Madhya Pradesh, India |
| Vkscpl Khargone- Barwani Corridor Private Limited | ₹4.88 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bhopal, Madhya Pradesh, India |
| Hoover Infracon Private Limited | ₹4.87 Cr (FY 2024) | •••• | •••• | 247.0% | •••• | Hyderabad, Telangana, India |
| Mahakaleshwar Nirman Private Limited | ₹4.86 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Patna, Bihar, India |
| Kanhaiya Contractors Private Limited | ₹4.86 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Begusarai, Bihar, India |
| Shaurya Greentech Private Limited | ₹4.86 Cr (FY 2024) | •••• | •••• | -40.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Path Oriental Highways by revenue in the Infrastructure industry (Roads and Bridges), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Path Oriental Highways Limited
Path Oriental Highways Limited is audited by Chatter & Chatter for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Chatter & Chatter | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Path Oriental Highways Limited
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Charges & Borrowings of Path Oriental Highways Limited
Open charges
None
Satisfied charges
₹56.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 May 2016 | Others | ₹14 Cr | Satisfied |
| 28 Dec 2010 | Bank of Baroda | ₹41.74 Cr | Satisfied |
| 30 May 2006 | Others | ₹48 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Path Oriental Highways Limited
Path Oriental Highways Limited has 1 court case on record: 1 filed by Path Oriental Highways. All case is disposed. Status as checked on 03 Oct 2026.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against State of Madhya Pradesh | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Path Oriental Highways Limited
Path Oriental Highways Limited has a workforce of 100 employees as of Apr 04, 2024.
Employee count
100
Active EPFO establishments
1
Employee growth
-6.54%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Path Oriental Highways Limited
Path Oriental Highways Limited has 14 board changes on record since 2005: 6 appointments and 8 cessations. The latest: Vikas Mohan was appointed as Director on 12 Nov 2025.
Appointed
Vikas Mohan was appointed as Director.
AGM
Path Oriental Highways Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Path Oriental Highways Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge registered on 30 May 2006 via Charge ID 10003872 with Others was fully satisfied on 08 Sep 2021.
Ceased
Saksham Agrawal ceased to be Additional Director.
Ceased
Nitin Agrawal ceased to be Director.
Ceased
Puneet Agrawal ceased to be Managing Director.
Appointed
Saksham Agrawal was appointed as Director.
Charges
A charge registered on 28 Dec 2010 via Charge ID 10256747 with Bank Of Baroda was fully satisfied on 24 Oct 2019.
Charges
A charge registered on 04 May 2016 via Charge ID 100026758 with Others was fully satisfied on 16 Oct 2019.
Ceased
Vijay Dhaul ceased to be Additional Director.
Ceased
Sanjit Bakshi ceased to be Director.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Path Oriental Highways Limited
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MSME Payment Delays by Path Oriental Highways Limited
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Subsidiaries & Group Companies of Path Oriental Highways Limited
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Corporate group structure
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GST Compliance of Path Oriental Highways Limited
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MCA Filings & Documents of Path Oriental Highways Limited
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Related news about Path Oriental Highways Limited
Frequently Asked Questions about Path Oriental Highways Limited
Path Oriental Highways is an active public limited company based in Indore, Madhya Pradesh, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 31 May 2005 (21+ years old) and is registered under CIN U45203MP2005PLC017661.
Path Oriental Highways reported revenue of ₹4.88 Cr for FY 2025 (down 87% YoY).
Path Oriental Highways has 5 current directors:
- Nitin Agrawal - Managing Director
- Saksham Agrawal - Director
- Kanwaljit Singh Bakshi - Director
- Nipun Agrawal - Director
- Vikas Mohan - Director
Path Oriental Highways reported a net profit of ₹1.8 Cr (net margin 36.9%) and EBITDA of ₹2.98 Cr (EBITDA margin 61%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Path Oriental Highways is -46% over three years and -29% over five years. In the latest year (FY 2025) revenue fell 87%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Path Oriental Highways is U45203MP2005PLC017661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Path Oriental Highways has 1 court case on record: 1 filed by the company.
Path Oriental Highways was incorporated on 31 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Path Oriental Highways by revenue are Jansah Constructions Private Limited, Iway Projects Private Limited, Techno Grid Private Limited, Dhanashree Builders Private Limited, Sinha Radiance Private Limited and 5 more, all in the Infrastructure industry (Roads and Bridges).
Vikas Mohan was appointed as Director on 12 Nov 2025. Saksham Agrawal ceased to be Additional Director on 30 Dec 2020. Nitin Agrawal ceased to be Director on 28 Jan 2020. Path Oriental Highways has 14 board changes on record in total.
Path Oriental Highways can be reached through the website pathltd.com. Its registered office is in Indore, Madhya Pradesh, India.