About Solapur Yedeshi Tollway Limited
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Solapur Yedeshi Tollway Limited is a public 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 10 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2014PLC251983. Its GSTIN is 27AAUCS1433Q1ZK (Maharashtra).
The company has an authorised share capital of ₹98.25 Cr and a paid-up capital of ₹98.25 Cr. It was formerly known as Solapur Yedeshi Tollway Private Limited. It is led by directors including Shilpa Chandrashekhar Todankar and Abhay Prabhakar Phatak.
Its last annual general meeting (AGM) was held on 22 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1101 Hiranandani Knowledge Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹128.54 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹81.85 Cr (net margin -63.7%) and EBITDA of ₹100.09 Cr (EBITDA margin 77.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 5% over five years.
The company has about 206 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: IRB Infrastructure Developers and IRB Infrastructure Trust. As per MCA filings, the company has open charges of ₹591 Cr and satisfied charges of ₹910 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in February 2020. Its 7 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 2 smaller; the largest is DS Toll Road Limited with revenue of ₹129.43 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 irbinfratrust.co.in.
Company details
CIN history
Solapur Yedeshi Tollway has one previous CIN (Corporate Identification Number): U45400MH2014PTC251983. The current CIN is U45400MH2014PLC251983, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400MH2014PLC251983 | Current |
| U45400MH2014PTC251983 | Previous |
Contact details
Solapur Yedeshi Tollway Limited's registered office is in Mumbai, Maharashtra. Its website is irbinfratrust.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No – 11th Floor/1101 Hiranandani Knowledge Park Technology Street Hill Side Avenue Powa, I, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Solapur Yedeshi Tollway 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
Brands
Solapur Yedeshi Tollway operates two associated brands: IRB Infrastructure Developers and IRB Infrastructure Trust. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure development services | irb.co.in | |
| Delivers comprehensive infrastructure development services. | irbinfratrust.co.in |
Business activity
The main business activity of Solapur Yedeshi Tollway 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 Yedeshi Tollway Limited, buy the company report.
Financials of Solapur Yedeshi Tollway Limited
FY 2025 filings availableSolapur Yedeshi Tollway Limited reported revenue of ₹128.54 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 5% 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 | ₹100.09 Cr | ||||
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| Net Profit (PAT) | -₹81.85 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77.9% | ||||
| Net Profit Margin | -63.7% | ||||
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To see the full financial statements and ratios of Solapur Yedeshi Tollway Limited, buy the company report.
Board of directors of Solapur Yedeshi Tollway Limited
Solapur Yedeshi Tollway has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Chandrashekhar Todankar | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Abhay Prabhakar Phatak | Director | 09 Mar 2022 | 4 Years 8 Months | Current |
| Chandrashekhar Shankarrao Kaptan Also directs: CG Tollway Limited, Irb Surat Dahisar Tollway Limited, Irb Talegaon Amravati Tollway Limited and 4 more | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Ranjana Vinay Paranjape | Director | 06 Oct 2021 | 5 Years 1 Months | Current |
Peer comparison
Solapur Yedeshi Tollway 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 |
|---|---|---|---|---|---|---|
| DS Toll Road Limited | ₹129.43 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| GMR Highways Limited | ₹129.42 Cr (FY 2025) | -28.0% | Mumbai, Maharashtra, India | |||
| Srinagar Banihal Expressway Limited | ₹129.14 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India | |||
| Balaji D. Ajmer Highways Private Limited | ₹129.01 Cr (FY 2025) | 35.0% | Ajmer, Rajasthan, India | |||
| Shreenathji-Udaipur Tollway Private Limited | ₹128.65 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| Solapur Yedeshi Tollway Limitedthis company | ₹128.54 Cr (FY 2025) | -₹81.85 Cr | -63.7% | -8.0% | 206 | Mumbai, Maharashtra, India |
| Belgaum Dharwad Tollway Limited | ₹127.03 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Gawar Pathankot Highways Private Limited | ₹126.82 Cr (FY 2025) | 12541.0% | Hisar, Haryana, India |
To see the full peer comparison of Solapur Yedeshi Tollway Limited, buy the company report.
Auditor
Solapur Yedeshi Tollway 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 Solapur Yedeshi Tollway 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 Yedeshi Tollway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2022 | 100730628 | Sbicap Trustee Company Limited | ₹591 Cr | Open | |
| 28 Aug 2014 | 10517080 | Idbi Trusteeship Services Limited | ₹910 Cr | Satisfied |
To see the full charge records of Solapur Yedeshi Tollway Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Solapur Yedeshi Tollway Limited has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in February 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Irb Infrastructure Trust Seller: Irb Infrastructure Developers Limited |
| Jan 2016 | Rights issue | ₹39.18 Cr | Investors: Irb Infrastructure Developers Limited |
| May 2014 | Acquisition | ₹57.79 Cr | Buyer: Irb Infrastructure Developers Limited |
| Mar 2014 | Acquisition | ₹1.23 Cr | Buyer: Irb Infrastructure Developers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Solapur Yedeshi Tollway Limited has 4 court cases on record: 3 filed by Solapur Yedeshi Tollway, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 1 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 3 Mumbai | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
To see the full case history of Solapur Yedeshi Tollway 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 Yedeshi Tollway Limited was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Solapur Yedeshi Tollway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solapur Yedeshi Tollway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solapur Yedeshi Tollway Limited has a workforce of 206 employees on its EPFO records as of Sep 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 206 |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Solapur Yedeshi Tollway Limited, buy the company report.
GST
Solapur Yedeshi Tollway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS1433Q1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solapur Yedeshi Tollway Limited, buy the company report.
Recent activity
Solapur Yedeshi Tollway Limited has 18 board changes on record since 2019: 4 appointments and 14 cessations. The latest: Rishika Rawat ceased to be Company Secretary on 22 May 2024.
12 earlier events are in the company report.
Frequently asked questions
Solapur Yedeshi Tollway 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 10 January 2014 (12+ years old) and is registered under CIN U45400MH2014PLC251983.
Solapur Yedeshi Tollway has 4 current directors:
- Shilpa Chandrashekhar Todankar - Director
- Abhay Prabhakar Phatak - Director
- Chandrashekhar Shankarrao Kaptan - Director
- Ranjana Vinay Paranjape - Director
The latest financial statements of Solapur Yedeshi Tollway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Solapur Yedeshi Tollway is 27AAUCS1433Q1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solapur Yedeshi Tollway is U45400MH2014PLC251983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solapur Yedeshi Tollway has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Solapur Yedeshi Tollway was incorporated on 10 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Solapur Yedeshi Tollway has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in February 2020.
The peers of Solapur Yedeshi Tollway by revenue are DS Toll Road Limited, GMR Highways Limited, Srinagar Banihal Expressway Limited, Balaji D. Ajmer Highways Private Limited, Shreenathji-Udaipur Tollway Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Rishika Rawat ceased to be Company Secretary on 22 May 2024. Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022. Ranjana Vinay Paranjape ceased to be Additional Director on 22 Jun 2022. Solapur Yedeshi Tollway has 18 board changes on record in total.
Solapur Yedeshi Tollway can be reached through the website irbinfratrust.co.in. Its registered office is in Mumbai, Maharashtra, India.
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