Pathankot Mandi Highway Private Limited
About Pathankot Mandi Highway Private Limited
Data last updated:
Pathankot Mandi Highway Private Limited is a private 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 23 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2021PTC359447. Its GSTIN is 27AALCP9591R1Z3 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹31.67 Cr. It is led by directors including Rajpaul Satyapaul Sharma and Arati Nikhil Taskar.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹146.03 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹3 Cr (net margin 2.1%) and EBITDA of ₹20.95 Cr (EBITDA margin 14.3%).
As per MCA filings, the company has open charges of ₹372.6 Cr on record.
Company details
Contact details
Pathankot Mandi Highway Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Pathankot Mandi Highway 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 Pathankot Mandi Highway 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 Pathankot Mandi Highway Private Limited, buy the company report.
Financials of Pathankot Mandi Highway Private Limited
FY 2025 filings availablePathankot Mandi Highway Private Limited reported revenue of ₹146.03 Cr (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 35% in the latest year. EBITDA rose 516% 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 |
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| EBITDA | ₹20.95 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14.3% | |||
| Net Profit Margin | 2.1% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Pathankot Mandi Highway Private Limited, buy the company report.
Board of directors and KMP of Pathankot Mandi Highway Private Limited
Pathankot Mandi Highway Private Limited currently reports 3 directors and 1 key managerial person. 1 former director has served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajpaul Satyapaul Sharma Also directs: MRM Mining Private Limited, Irb Infra Industries Private Limited, Irb Lalitpur Tollway Private Limited and 5 more | Director | 23 Apr 2021 | 5 Years 6 Months | Current |
| Arati Nikhil Taskar Also directs: Irb Infra Industries Private Limited, Irb Golconda Expressway Private Limited, Mhaiskar Infrastructure Private Limited and 5 more | Director | 23 Apr 2021 | 5 Years 6 Months | Current |
| Tushar Kantilal Kawedia Also directs: MRM Mining Private Limited, Irb Infra Industries Private Limited, Aryan Toll Road Private Limited and 5 more | Cfo | 18 Oct 2022 | 4 Years 0 Months | Current |
| Nitin Vasantrao Bansode Also directs: Modern Road Makers P Ltd, Irb Goa Tollway Private Limited, Irb Ahmedabad Vadodara Super Express Tollway Private Limited and 3 more | Director | 07 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Pathankot Mandi Highway Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Udaipur Tollway Limited | ₹147.27 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| D P Jain Tot Toll Roads Private Limited | ₹147.26 Cr (FY 2025) | 3.0% | Nagpur, Maharashtra, India | |||
| Vk1 Expressway Limited | ₹147.01 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Pathankot Mandi Highway Private Limitedthis company | ₹146.03 Cr (FY 2025) | ₹3 Cr | 2.1% | -35.0% | Mumbai, Maharashtra, India | |
| Ivrcl Indore Gujarat Tollways Limited | ₹146 Cr (FY 2025) | 22.0% | Hyderabad, Telangana, India | |||
| Athaang Dichpally Tollway Private Limited | ₹144.1 Cr (FY 2025) | 12.0% | Nizamabad, Telangana, India | |||
| Irb Pathankot Amritsar Toll Road Limited | ₹144.03 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Poondiyankuppam Highways Limited | ₹143.54 Cr (FY 2025) | -55.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Pathankot Mandi Highway Private Limited, buy the company report.
Auditor
Pathankot Mandi Highway Private Limited is audited by MKPS & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & Associates | FY 2023 | 302014E |
Shareholding
The shareholding of Pathankot Mandi Highway Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pathankot Mandi Highway Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2021 | 100511083 | Idbi Trusteeship Services Limited | ₹372.6 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Pathankot Mandi Highway Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Pathankot Mandi Highway Private Limited was last rated by Care on 07 Aug 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Aug 2025 |
To see the full credit ratings and regulatory alerts of Pathankot Mandi Highway Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pathankot Mandi Highway Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pathankot Mandi Highway Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Pathankot Mandi Highway has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP9591R1Z3 | Maharashtra | Active | 02 Jul 2021 |
| 02AALCP9591R1ZF | Himachal Pradesh | Active | 30 Sep 2021 |
To see the full GST registrations and return filing status of Pathankot Mandi Highway Private Limited, buy the company report.
Recent activity
Pathankot Mandi Highway Private Limited has 6 board changes on record since 2021: 5 appointments and 1 cessation. The latest: Sudhir Rao Hoshing ceased to be Director on 10 Jul 2025.
Frequently asked questions
Pathankot Mandi Highway is an active private 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 23 April 2021 (5+ years old) and is registered under CIN U45309MH2021PTC359447.
Pathankot Mandi Highway has 4 current directors and KMP:
- Rajpaul Satyapaul Sharma - Director
- Arati Nikhil Taskar - Director
- Nitin Vasantrao Bansode - Director
- Tushar Kantilal Kawedia - Cfo
The latest financial statements of Pathankot Mandi Highway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Pathankot Mandi Highway is 27AALCP9591R1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 02AALCP9591R1ZF (Himachal Pradesh).
The CIN (Corporate Identification Number) of Pathankot Mandi Highway is U45309MH2021PTC359447. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pathankot Mandi Highway was incorporated on 23 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pathankot Mandi Highway by revenue are Udaipur Tollway Limited, D P Jain Tot Toll Roads Private Limited, Vk1 Expressway Limited, Ivrcl Indore Gujarat Tollways Limited, Athaang Dichpally Tollway Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sudhir Rao Hoshing ceased to be Director on 10 Jul 2025. Nitin Vasantrao Bansode was appointed as Director on 07 Jul 2025. Tushar Kantilal Kawedia was appointed as CFO on 18 Oct 2022. Pathankot Mandi Highway has 6 board changes on record in total.
The registered office of Pathankot Mandi Highway is at Office No – 11th Floor1101 Hiranandani Knowledge Park Technology Street Powai, Mumbai, Maharashtra, India – 400076.
Pathankot Mandi Highway operates in the infrastructure and utilities industry, in the road and bridge construction segment.
Pathankot Mandi Highway has open charges of ₹372.6 Cr and no satisfied charges on record as per latest MCA filings.