Salasar Highways Private Limited
About Salasar Highways Private Limited
Data last updated:
Salasar Highways Private Limited is a foreign private limited company based in Gurugram, Haryana, India, a subsidiary of Galfar Engineering & Contracting (India) Private Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 20 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400HR2012FTC047969. Its GSTIN is 08AASCS5033L1ZS (Rajasthan). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹162 Cr and a paid-up capital of ₹161.32 Cr. It is led by directors including Anil Kumar Bhan and Chettiparambil Mohamed Cidar.
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sector 61, Gurugram, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.27 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹2.79 Cr (net margin 2.2%) and EBITDA of ₹83.14 Cr (EBITDA margin 66.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 17% over five years.
The company has about 135 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹705.98 Cr and satisfied charges of ₹190.84 Cr on record. The company has 7 deals on record (3 funding rounds, 3 convertible or debt financings, 1 rights issue), with disclosed funding of ₹273.12 Cr; the latest was in March 2024. Its 10 peer companies in the Infrastructure industry (Roads and Bridges) are compared by revenue, 5 larger and 5 smaller; the largest is Gawar Pathankot Highways Private Limited with revenue of ₹126.82 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressUnit No. 6 & 7 15th Floor Tower – B The Digital Greens Sector 61 Golf Course Extension, Road, Gurugram, Haryana, India – 122011
- 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
- One PDF report, delivered after checkout
Business Activity of Salasar Highways Private Limited
The main business activity of Salasar 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Salasar Highways Private Limited FY 2025 filings available
Salasar Highways Private Limited reported revenue of ₹125.27 Cr (up 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Salasar Highways Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 62% growth in the latest year. EBITDA rose 26% 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 Salasar Highways Private 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 | ₹83.14 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.79 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Salasar Highways Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 66.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 Salasar Highways are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Salasar Highways Private Limited
Salasar Highways has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Bhan | Director | 20 Dec 2012 | 13 Years 10 Months | Current |
| Sadaq Firoz Zakir Hussain Shaik | Additional Director | 19 Nov 2025 | 0 Years 11 Months | Current |
| Chettiparambil Mohamed Cidar Also directs: Patna Arrah Highways Private Limited | Director | 27 Sep 2019 | 7 Years 0 Months | Current |
| Saurabh Jaiman | Director | 12 Jun 2024 | 2 Years 4 Months | Current |
Peer Comparison of Salasar Highways Private Limited
Salasar Highways Private 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 |
|---|---|---|---|---|---|---|
| Gawar Pathankot Highways Private Limited | ₹126.82 Cr (FY 2025) | •••• | •••• | 12541.0% | •••• | Hisar, Haryana, India |
| Bansal Pathways (N.R.R.-2) Private Limited | ₹126.47 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bhopal, Madhya Pradesh, India |
| Slmi Infraprojects Private Limited | ₹125.92 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Secunderabad, Telangana, India |
| Panagarh Palsit Road Limited | ₹125.87 Cr (FY 2025) | •••• | •••• | 27400.0% | •••• | Ahmedabad, Gujarat, India |
| Gaaneshkartikey Construction Private Limited | ₹125.76 Cr (FY 2022) | •••• | •••• | 54.0% | •••• | Amritsar, Punjab, India |
| Salasar Highways Private Limited this company | ₹125.27 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Gurugram, Haryana, India |
| Tomar Builders and Contractors Private Limited | ₹124.68 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gwalior, Madhya Pradesh, India |
| C Gems and Jewels Private Limited | ₹124.56 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Fatehgarh Sahib, Punjab, India |
| Binjhabahal to Telebani Highway Private Limited | ₹124.29 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | New Delhi, Delhi, India |
| Mahua Bharatpur Expressways Limited | ₹124.2 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Rohan Rajdeep Tollways Limited | ₹123.87 Cr (FY 2024) | •••• | •••• | -42.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Salasar 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 Salasar Highways Private Limited
Salasar Highways Private Limited is audited by S. R. Goyal & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. R. Goyal & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Salasar Highways Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Salasar Highways Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Aug 2023 | Others | ₹705.98 Cr | Open |
| 12 Nov 2013 | Others | ₹190.84 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Salasar Highways Private Limited
Salasar Highways Private Limited has 7 deals on record (3 funding rounds, 3 convertible or debt financings, 1 rights issue), with disclosed funding of ₹273.12 Cr; the latest was in March 2024.
Deals on record (3 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round | ₹75 Cr | Investors: Mfar Developers Private Limited |
| Dec 2015 | Rights issue | ₹19.51 Cr | Investors: Galfar Engineering & Contracting (India) Private Limited |
| Apr 2014 | Funding round | ₹83.12 Cr | Investors: Galfar Engineering & Contracting (India) Private Limited , an individual |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Salasar Highways Private Limited
Salasar Highways Private Limited has a workforce of 135 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Salasar Highways Private Limited
Salasar Highways Private Limited has 13 board changes on record since 2012: 4 appointments and 9 cessations. The latest: Sadaq Firoz Zakir Hussain Shaik was appointed as Additional Director on 19 Nov 2025.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Salasar Highways Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Salasar Highways Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Salasar Highways Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Salasar Highways Private Limited
Salasar Highways has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AASCS5033L1ZS | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Salasar Highways Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Salasar Highways Private Limited
Salasar Highways is an active foreign private limited company based in Gurugram, Haryana, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 20 December 2012 (14+ years old) and is registered under CIN U45400HR2012FTC047969.
Salasar Highways reported revenue of ₹125.27 Cr for FY 2025 (up 62% YoY).
Salasar Highways has 4 current directors:
- Anil Kumar Bhan - Director
- Sadaq Firoz Zakir Hussain Shaik - Additional Director
- Chettiparambil Mohamed Cidar - Director
- Saurabh Jaiman - Director
Salasar Highways reported a net profit of ₹2.79 Cr (net margin 2.2%) and EBITDA of ₹83.14 Cr (EBITDA margin 66.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Salasar Highways is 21% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Salasar Highways is 08AASCS5033L1ZS, registered in Rajasthan. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Salasar Highways is U45400HR2012FTC047969. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salasar Highways was incorporated on 20 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Salasar Highways has 7 deals on record (3 funding rounds, 3 convertible or debt financings, 1 rights issue), with disclosed funding of ₹273.12 Cr; the latest was in March 2024.
The peers of Salasar Highways by revenue are Gawar Pathankot Highways Private Limited, Bansal Pathways (N.R.R.-2) Private Limited, Slmi Infraprojects Private Limited, Panagarh Palsit Road Limited, Gaaneshkartikey Construction Private Limited and 5 more, all in the Infrastructure industry (Roads and Bridges).
Sadaq Firoz Zakir Hussain Shaik was appointed as Additional Director on 19 Nov 2025. Anil Kumar Bhan ceased to be Director on 10 Jan 2025. Saurabh Jaiman ceased to be Additional Director on 03 Sep 2024. Salasar Highways has 13 board changes on record in total.