About Sikar Bikaner Highway Limited
Data last updated:
Sikar Bikaner Highway Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Il&Fs Transportation Networks Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 13 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2012PLC229612. Its GSTIN is 27AARCS4282L1ZK (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹124.05 Cr and a paid-up capital of ₹124.05 Cr. It is led by directors including Sunil Hemchand Patel and Liju Varughese Rajan Kolath.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹99.07 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹8.44 Cr (net margin -8.5%) and EBITDA of ₹66.25 Cr (EBITDA margin 66.9%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹395.86 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itnlindia.com.
Company details
Contact details
Sikar Bikaner Highway Limited's registered office is in Mumbai, Maharashtra. Its website is itnlindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressThe Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (E, ), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Sikar Bikaner Highway 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 Sikar Bikaner 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 Sikar Bikaner Highway Limited, buy the company report.
Financials of Sikar Bikaner Highway Limited
FY 2025 filings availableSikar Bikaner Highway Limited reported revenue of ₹99.07 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 15% growth in the latest year. EBITDA rose 1% 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 |
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| EBITDA | ₹66.25 Cr | ||||
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| Net Profit (PAT) | -₹8.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 66.9% | ||||
| Net Profit Margin | -8.5% | ||||
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To see the full financial statements and ratios of Sikar Bikaner Highway Limited, buy the company report.
Board of directors of Sikar Bikaner Highway Limited
Sikar Bikaner Highway has 5 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Hemchand Patel Also directs: Pune Sholapur Road Development Company Limited, Barwa Adda Expressway Limited, Manoj Ceramic Limited and 5 more | Director | 12 Jan 2023 | 3 Years 9 Months | Current |
| Liju Varughese Rajan Kolath | Director | 29 Mar 2022 | 4 Years 7 Months | Current |
| Ajay Swaminathan Vaidyanath Also directs: Thiruvananthpuram Road Development Company Limited, Sabarmati Capital Two Limited, Sabarmati Capital One Limited and 1 more | Nominee Director | 02 Mar 2024 | 2 Years 8 Months | Current |
| Danny Samuel | Nominee Director | 03 Jun 2023 | 3 Years 5 Months | Current |
| Jyotsna Shyamkant Matondkar Also directs: Pune Sholapur Road Development Company Limited, Barwa Adda Expressway Limited, Hazaribagh Ranchi Expressway Limited and 1 more | Nominee Director | 22 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Sikar Bikaner Highway 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 |
|---|---|---|---|---|---|---|
| Ateli Narnaul Highway Private Limited | ₹100.21 Cr (FY 2025) | 65.0% | Mumbai, Maharashtra, India | |||
| I9 Freeways Private Limited | ₹100.18 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India | |||
| Keti Sangam Infrastructure (India) Limited | ₹99.96 Cr (FY 2024) | 13.0% | Indore, Madhya Pradesh, India | |||
| Sikar Bikaner Highway Limitedthis company | ₹99.07 Cr (FY 2025) | -₹8.44 Cr | -8.5% | 15.0% | Mumbai, Maharashtra, India | |
| Nanguneri-Kanyakumari Tollway Private Limited | ₹99.02 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Bajrang Road Construction Private Limited | ₹98.97 Cr (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Apco Arasavalli Expressway Private Limited | ₹98.06 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India | |||
| Dholu Construction and Projects Limited | ₹97.95 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Sikar Bikaner Highway Limited, buy the company report.
Auditor
Sikar Bikaner Highway Limited is audited by D R MOHNOT & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D R MOHNOT & CO | FY 2021 | 001388C |
Shareholding
The shareholding of Sikar Bikaner Highway 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sikar Bikaner Highway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2012 | 10392408 | Others | ₹395.86 Cr | Open |
To see the full charge records of Sikar Bikaner Highway Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sikar Bikaner Highway 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
Sikar Bikaner Highway Limited was last rated by Indiarating on 04 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 04 Sep 2020 |
To see the full credit ratings and regulatory alerts of Sikar Bikaner Highway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sikar Bikaner Highway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sikar Bikaner Highway has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCS4282L1ZK | Maharashtra | Active | 01 Jul 2017 |
| 08AARCS4282L1ZK | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sikar Bikaner Highway Limited, buy the company report.
Recent activity
Sikar Bikaner Highway Limited has 28 board changes on record since 2013: 5 appointments and 23 cessations. The latest: Ajay Swaminathan Vaidyanath ceased to be Additional Director on 11 Aug 2024.
21 earlier events are in the company report.
Frequently asked questions
Sikar Bikaner Highway is an active public 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 13 April 2012 (14+ years old) and is registered under CIN U45203MH2012PLC229612.
Sikar Bikaner Highway has 5 current directors:
- Sunil Hemchand Patel - Director
- Liju Varughese Rajan Kolath - Director
- Ajay Swaminathan Vaidyanath - Nominee Director
- Danny Samuel - Nominee Director
- Jyotsna Shyamkant Matondkar - Nominee Director
The latest financial statements of Sikar Bikaner Highway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sikar Bikaner Highway is 27AARCS4282L1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AARCS4282L1ZK (Rajasthan).
The CIN (Corporate Identification Number) of Sikar Bikaner Highway is U45203MH2012PLC229612. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sikar Bikaner Highway was incorporated on 13 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sikar Bikaner Highway by revenue are Ateli Narnaul Highway Private Limited, I9 Freeways Private Limited, Keti Sangam Infrastructure (India) Limited, Nanguneri-Kanyakumari Tollway Private Limited, Bajrang Road Construction Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Ajay Swaminathan Vaidyanath ceased to be Additional Director on 11 Aug 2024. Ajay Swaminathan Vaidyanath was appointed as Nominee Director on 02 Mar 2024. Danny Samuel ceased to be Additional Director on 25 Sep 2023. Sikar Bikaner Highway has 28 board changes on record in total.
Sikar Bikaner Highway can be reached through the website itnlindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sikar Bikaner Highway is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra E, , Mumbai, Maharashtra, India – 400051.
Sikar Bikaner Highway operates in the infrastructure and utilities industry, in the road and bridge construction segment.
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