About Solapur Tollways Private Limited
Data last updated:
Solapur Tollways Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Bharat Road Network Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 14 February 2012.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45400WB2012PTC174135. Its GSTIN is 19AARCS2958K1ZG (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Sanjay Kumar Mishra (Irp/Rp/Liquidator) and Arindam Bhowmick.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No. 617A – N Block – 1 6th Floor Ps Qube Plot No. – Iid/31/1 Street No – 1111 New Town Kolkata, North 24 Parganas India, West Bengal, India – 700135.
As per the financials filed for FY 2025, the company reported a revenue of ₹201.42 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹4.97 Cr (net margin -2.5%) and EBITDA of ₹40.01 Cr (EBITDA margin 19.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,269.14 Cr and satisfied charges of ₹320 Cr on record. Court records list 20 cases involving the company, including 11 filed by the company and 9 filed against it; 4 cases are pending. The company has 5 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹28.81 Cr; the latest was in February 2019. Its 9 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 4 smaller; the largest is R.P. Infraventure Private Limited with revenue of ₹205.86 Cr. The company has 10 MSME Form 1 returns on record between 2022 and 2024, listing 52 overdue payments to 7 micro and small suppliers.
The last known website on record is brnl.in.
Company details
Contact details
Solapur Tollways Private Limited's registered office is in Kolkata, West Bengal. Its website is brnl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 617A – N Block – 1 6th Floor Ps Qube Plot No. – Iid/31/1 Street No – 1111 New Town Kolkata, North 24 Parganas India, West Bengal, India – 700135
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Solapur Tollways 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 Solapur Tollways 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 Solapur Tollways Private Limited, buy the company report.
Financials of Solapur Tollways Private Limited
FY 2024 filings availableSolapur Tollways Private Limited reported revenue of ₹201.42 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 4% growth in the latest year. EBITDA fell 24% 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 | ₹40.01 Cr | ||||
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| Net Profit (PAT) | -₹4.97 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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| Profitability | |||||
| EBITDA Margin | 19.9% | ||||
| Net Profit Margin | -2.5% | ||||
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To see the full financial statements and ratios of Solapur Tollways Private Limited, buy the company report.
Board of directors of Solapur Tollways Private Limited
Solapur Tollways has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Mishra Also directs: Bondwell Ipe Services LLP | Irp/Rp/Liquidator | 22 Jan 2025 | 1 Years 9 Months | As last reported |
| Shree Ram Tewari Also directs: Bharat Road Network Limited, Guruvayoor Infrastructure Private Limited, MBG Commodities Private Limited and 4 more | Additional Director | 12 Feb 2024 | 2 Years 8 Months | As last reported |
| Pradeep Sharma Also directs: Kurukshetra Expressway Private Limited | Additional Director | 16 Jan 2024 | 2 Years 9 Months | As last reported |
| Arindam Bhowmick Also directs: NK Toll Road Limited | Director | 27 Jun 2019 | 7 Years 3 Months | As last reported |
| Vishal Arora | Additional Director | 08 May 2024 | 2 Years 5 Months | As last reported |
Peer comparison
Solapur Tollways Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| R.P. Infraventure Private Limited | ₹205.86 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| GR Venkatpur Thallasenkesa Highway Private Limited | ₹204.05 Cr (FY 2025) | 38561.0% | Udaipur, Rajasthan, India | |||
| Meil Amas Shivrampur Roadways Private Limited | ₹203.4 Cr (FY 2025) | 61.0% | Hyderabad, Telangana, India | |||
| Khalghat Sendhwa Tollways Private Limited | ₹202.39 Cr (FY 2025) | 16.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Hariway Lines Private Limited | ₹201.88 Cr (FY 2024) | -18.0% | Chennai, Tamil Nadu, India | |||
| Solapur Tollways Private Limitedthis company | ₹201.42 Cr (FY 2025) | -₹4.97 Cr | -2.5% | 4.0% | 58 | Kolkata, West Bengal, India |
| MKC Poanta-Saheb Dehradun Kedarnathji Highways Private Limited | ₹201.26 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Ivrcl Chengapalli Tollways Limited | ₹199.47 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Jadcherla Expressways Private Limited | ₹198.62 Cr (FY 2024) | 13.0% | Hyderabad, Telangana, India | |||
| PNC Raebareli Highways Private Limited | ₹198.47 Cr (FY 2025) | 138.0% | New Delhi, Delhi, India |
To see the full peer comparison of Solapur Tollways Private Limited, buy the company report.
Auditor
Solapur Tollways Private Limited is audited by M K P S & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K P S & Associates | FY 2023 | 302014E |
Shareholding
The shareholding of Solapur Tollways Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solapur Tollways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2015 | 10599714 | Axis Trustee Services Limited | ₹634.57 Cr | Open | |
| 03 Sep 2015 | 10589217 | Axis Trustee Services Limited | ₹634.57 Cr | Open | |
| 31 Dec 2018 | 100239278 | Others | ₹95 Cr | Satisfied | |
| 28 Dec 2018 | 100235612 | Others | ₹225 Cr | Satisfied |
To see the full charge records of Solapur Tollways Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Solapur Tollways Private Limited has 5 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹28.81 Cr; the latest was in February 2019.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: Bharat Road Network Limited Seller: Coastal Projects Limited , Bharat Road Network Limited & Rajesh Sirohia |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Bharat Road Network Limited Seller: Srei Infrastructure Finance Limited |
| Aug 2013 | Funding round | ₹49 Lakh | Investors: Bharat Road Network Limited |
| Mar 2013 | Acquisition | ₹37.5 Cr | Buyer: Bharat Road Network Limited |
To see the full deal history of Solapur Tollways Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Solapur Tollways Private Limited has 20 court cases on record: 11 filed by Solapur Tollways, 9 filed against it. 4 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 6 | 2 |
| District courts | 4 | 2 | 2 |
| NCLAT | 4 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed by the company against India Infrastructure Finance Company Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Union Bank of India Limited and 2 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Union Bank of India and 1 other | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Bristi Real-Tech Private Limited | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Srei Infrastructure Finance Limited | Disposed |
To see the full case history of Solapur Tollways Private 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.
Credit ratings & regulatory alerts
Solapur Tollways Private Limited was last rated by Indiarating on 12 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 12 Aug 2022 |
To see the full credit ratings and regulatory alerts of Solapur Tollways Private Limited, buy the company report.
MSME payment delays
Solapur Tollways Private Limited has 10 MSME Form 1 returns on record between 2022 and 2024, listing 52 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| P R Infracon Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Solapur Tollways Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solapur Tollways Private Limited has a workforce of 58 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Solapur Tollways has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AARCS2958K1ZG | West Bengal | Active | 17 Aug 2017 |
| 27AARCS2958K1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solapur Tollways Private Limited, buy the company report.
Recent activity
Solapur Tollways Private Limited has 21 board changes on record since 2012: 5 appointments and 16 cessations. The latest: Sanjay Kumar Mishra was appointed as Irp/Rp/Liquidator on 22 Jan 2025.
20 earlier events are in the company report.
Frequently asked questions
Solapur Tollways is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Solapur Tollways is a company under insolvency, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 14 February 2012 and is registered under CIN U45400WB2012PTC174135. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Solapur Tollways has 5 current directors:
- Shree Ram Tewari - Additional Director
- Pradeep Sharma - Additional Director
- Arindam Bhowmick - Director
- Vishal Arora - Additional Director
- Sanjay Kumar Mishra - Irp/Rp/Liquidator
The latest financial statements of Solapur Tollways on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Solapur Tollways is U45400WB2012PTC174135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solapur Tollways has open charges of ₹1,269.14 Cr and satisfied charges of ₹320 Cr as per latest MCA filings.
Solapur Tollways has 20 court cases on record: 11 filed by the company and 9 filed against it. 4 are pending. Most are in the high courts.
Solapur Tollways was incorporated on 14 February 2012. It is registered with the Registrar of Companies, Kolkata.
Solapur Tollways has 5 deals on record (2 secondary share transfers, 1 convertible or debt financing, 1 acquisition), with disclosed funding of ₹28.81 Cr; the latest was in February 2019.
The peers of Solapur Tollways by revenue are R.P. Infraventure Private Limited, GR Venkatpur Thallasenkesa Highway Private Limited, Meil Amas Shivrampur Roadways Private Limited, Khalghat Sendhwa Tollways Private Limited, Hariway Lines Private Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sanjay Kumar Mishra was appointed as Irp/Rp/Liquidator on 22 Jan 2025. Vishal Arora was appointed as Additional Director on 08 May 2024. Shree Ram Tewari was appointed as Additional Director on 12 Feb 2024. Solapur Tollways has 21 board changes on record in total.
Solapur Tollways has 10 MSME Form 1 returns on record between 2022 and 2024, listing 52 overdue payments to 7 micro and small suppliers. The latest return was filed on 01 May 2024.