About Rail Infrastructure Development Company (Karnataka) Limited
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Rail Infrastructure Development Company (Karnataka) Limited is a public limited state government company based in Bengaluru, Karnataka, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 22 November 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U60100KA2000SGC028171. Its GSTIN is 29AACCR2730F1ZK (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹1,010.39 Cr. It is led by directors including Lakshman Singh (Managing Director) and Vishal Ravi.
Its last annual general meeting (AGM) was held on 17 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8 1st Floor Sampark, Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹223.63 Cr, a growth of 131% compared to the previous year. For the same year it recorded a net profit of ₹33.16 Cr (net margin 14.8%) and EBITDA of ₹31.27 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 171% over three years.
The company has about 106 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: KRIDE. Court records list 31 cases involving the company, including 4 filed by the company and 27 filed against it; 16 cases are pending. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in December 2023. Its 3 peer companies in the Infrastructure industry (Railway Construction), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 1 larger and 2 smaller; the largest is Narshing Construction Private Limited with revenue of ₹253.01 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kride.in.
Company details
CIN history
Rail Infrastructure Development Company (Karnataka) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U60100KA2000SGC028171, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60100KA2000SGC028171 | Current |
| U60100KA2000PLC028171 | Previous |
| U60100KA2000PTC028171 | Previous |
Contact details
Rail Infrastructure Development Company (Karnataka) Limited's registered office is in Bengaluru, Karnataka. Its website is kride.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.8 1st Floor Samparka Soudha Dr. Rajkumar Road Rajajinagar 1st Bloc, K, Bengaluru, Karnataka, India – 560010
- IndustryInfrastructure and Utilities, Railway Infrastructure Development
To see the full contact details of Rail Infrastructure Development Company (Karnataka) 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 Rail Infrastructure Development Company (Karnataka) 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 Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
Financials of Rail Infrastructure Development Company (Karnataka) Limited
FY 2024 filings availableRail Infrastructure Development Company (Karnataka) Limited reported revenue of ₹223.63 Cr (up 131% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 171% over three years, including 131% growth 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹31.27 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹33.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14% | ||||
| Net Profit Margin | 14.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
Board of directors and KMP of Rail Infrastructure Development Company (Karnataka) Limited
Rail Infrastructure Development Company (Karnataka) Limited currently reports 12 directors and 1 key managerial person. 69 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Ravi Also directs: Hubli Electricity Supply Company Limited, Ideck Limited, Bangalore International Airport Limited and 5 more | Nominee Director | 05 Sep 2023 | 3 Years 2 Months | Current |
| Shalini Rajneesh | Nominee Director | 29 Aug 2024 | 2 Years 2 Months | Current |
| Seethapura Ramaiah Umashankar Also directs: Bangalore Metro Rail Corporation Limited | Nominee Director | 01 Jun 2024 | 2 Years 5 Months | Current |
| Deepa Kotnis | Nominee Director | 29 Dec 2023 | 2 Years 10 Months | Current |
| Ravi Shankar Jayaram Also directs: Bangalore Metro Rail Corporation Limited | Nominee Director | 18 Aug 2025 | 1 Years 2 Months | Current |
| Awadhesh Mehta | Nominee Director | 20 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Rail Infrastructure Development Company (Karnataka) Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Railway Construction), 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 |
|---|---|---|---|---|---|---|
| Narshing Construction Private Limited | ₹253.01 Cr (FY 2025) | 0.0% | Ranchi, Jharkhand, India | |||
| Rail Infrastructure Development Company (Karnataka) Limitedthis company | ₹223.63 Cr (FY 2024) | ₹33.16 Cr | 14.8% | 131.0% | 106 | Bengaluru, Karnataka, India |
| Rajlaxmi Constructions Limited | ₹217.13 Cr (FY 2025) | 19.0% | Jagatpur, Odisha, India | |||
| The Braithwaite Burn and Jessop Construction Company Limited | ₹195.78 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
Auditor
Rail Infrastructure Development Company (Karnataka) Limited is audited by PANDURANGA SHENOY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANDURANGA SHENOY & CO | FY 2021 | 008242S |
Shareholding
The shareholding of Rail Infrastructure Development Company (Karnataka) Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
Deals & funding
Rail Infrastructure Development Company (Karnataka) Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in December 2023.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Rights issue | ₹980.39 Cr | Investors: 2 individuals |
| Mar 2021 | Rights issue | ₹20 Cr | Investors: 2 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Infrastructure Development Corporation (Karnataka) Limited |
| Dec 2018 | Rights issue | ₹9.95 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rail Infrastructure Development Company (Karnataka) Limited has 31 court cases on record: 4 filed by Rail Infrastructure Development Company (Karnataka), 27 filed against it. 16 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 21 | 12 |
| District courts | 9 | 6 | 4 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.M.A) | Filed against the company by Larsen and Toubro Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.M.A) | Filed by the company against Larsen and Toubro Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by The Mysore Stoneware Pipes and Potteries Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by SLN Electricals and Saran Insulators Pvt Ltd., | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Larsen and Toubro Limited | Disposed |
To see the full case history of Rail Infrastructure Development Company (Karnataka) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rail Infrastructure Development Company (Karnataka) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rail Infrastructure Development Company (Karnataka) has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bengaluru Integrated Rail Infrastructure Development Enterprise Limited | U60230KA2021SGC142876 |
To see the full group structure of Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
Employees & EPFO
Rail Infrastructure Development Company (Karnataka) Limited has a workforce of 106 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 106 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
GST
Rail Infrastructure Development Company (Karnataka) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCR2730F1ZK | Karnataka | Active | 01 Jul 2017 |
| 29AACCR2730F1DT | Karnataka | Active | 03 Jan 2020 |
To see the full GST registrations and return filing status of Rail Infrastructure Development Company (Karnataka) Limited, buy the company report.
Recent activity
Rail Infrastructure Development Company (Karnataka) Limited has 82 board changes on record since 2009: 13 appointments and 69 cessations. The latest: Lakshman Singh was appointed as Managing Director on 20 Dec 2025.
73 earlier events are in the company report.
Frequently asked questions
Rail Infrastructure Development Company (Karnataka) is an active public limited state government company based in Bengaluru, Karnataka, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 22 November 2000 (26+ years old) and is registered under CIN U60100KA2000SGC028171.
Rail Infrastructure Development Company (Karnataka) has 13 current directors and KMP:
- Lakshman Singh - Managing Director
- Vishal Ravi - Nominee Director
- Shalini Rajneesh - Nominee Director
- Seethapura Ramaiah Umashankar - Nominee Director
- Deepa Kotnis - Nominee Director
- Ravi Shankar Jayaram - Nominee Director
- Awadhesh Mehta - Nominee Director
- Tushar Giri Nath - Nominee Director
- Sanjeev Kumar Garg - Nominee Director
- Ashutosh Mathur - Nominee Director
- Rajesh Kumar Singh - Nominee Director
- Kusuma Hariprasad - Nominee Director
- Archana Manohar Kulkarni - Company Secretary
The latest financial statements of Rail Infrastructure Development Company (Karnataka) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 17 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rail Infrastructure Development Company (Karnataka) is 29AACCR2730F1ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCR2730F1DT (Karnataka).
The CIN (Corporate Identification Number) of Rail Infrastructure Development Company (Karnataka) is U60100KA2000SGC028171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rail Infrastructure Development Company (Karnataka) has 31 court cases on record: 4 filed by the company and 27 filed against it. 16 are pending. Most are in the high courts.
Rail Infrastructure Development Company (Karnataka) was incorporated on 22 November 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Rail Infrastructure Development Company (Karnataka) has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in December 2023.
The peers of Rail Infrastructure Development Company (Karnataka) by revenue are Narshing Construction Private Limited, Rajlaxmi Constructions Limited, The Braithwaite Burn and Jessop Construction Company Limited, all in the Infrastructure industry (Railway Construction), with the same principal business activity (roads, railways, utility projects).
Lakshman Singh was appointed as Managing Director on 20 Dec 2025. Lakshman Singh ceased to be Nominee Director on 20 Dec 2025. Ashutosh Mathur ceased to be Nominee Director on 06 Oct 2025. Rail Infrastructure Development Company (Karnataka) has 82 board changes on record in total.
Rail Infrastructure Development Company (Karnataka) can be reached through the website kride.in. Its registered office is in Bengaluru, Karnataka, India.
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