Thiruvananthpuram Road Development Company Limited
About Thiruvananthpuram Road Development Company Limited
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Thiruvananthpuram Road Development Company Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 01 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2004PLC144789. Its GSTIN is 27AACCT0547J1ZA (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹34.06 Cr. It is led by directors including Milind Ramesh Gandhi and Ajay Swaminathan Vaidyanath.
Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Il&Fs Financial Centreplot No C 22 G – Block Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.08 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹3.73 Cr (net margin -20.6%) and EBITDA of ₹2.4 Cr (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
As per MCA filings, the company has satisfied charges of ₹36.03 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Thiruvananthpuram Road Development Company Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressThe Il&Fs Financial Centreplot 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 Thiruvananthpuram Road Development Company 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 Thiruvananthpuram Road Development Company 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 Thiruvananthpuram Road Development Company Limited, buy the company report.
Financials of Thiruvananthpuram Road Development Company Limited
FY 2025 filings availableThiruvananthpuram Road Development Company Limited reported revenue of ₹18.08 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 53% 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 | ₹2.4 Cr | ||||
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| Net Profit (PAT) | -₹3.73 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 | 13.3% | ||||
| Net Profit Margin | -20.6% | ||||
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To see the full financial statements and ratios of Thiruvananthpuram Road Development Company Limited, buy the company report.
Board of directors of Thiruvananthpuram Road Development Company Limited
Thiruvananthpuram Road Development Company has 3 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Ramesh Gandhi | Nominee Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Ajay Swaminathan Vaidyanath Also directs: Sikar Bikaner Highway Limited, Sabarmati Capital Two Limited, Sabarmati Capital One Limited and 1 more | Nominee Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Sachin Suresh Joshi | Nominee Director | 12 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Thiruvananthpuram Road Development Company Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Priya Buildcon Private Limited | ₹18.17 Cr (FY 2025) | 8.0% | Kozhikode, Kerala, India | |||
| Sadbhav Udaipur Highway Limited | ₹18.15 Cr (FY 2025) | -70.0% | Ahmedabad, Gujarat, India | |||
| Thiruvananthpuram Road Development Company Limitedthis company | ₹18.08 Cr (FY 2025) | -₹3.73 Cr | -20.6% | -13.0% | Mumbai, Maharashtra, India | |
| Bansal Pathways Private Limited | ₹17.97 Cr (FY 2025) | 2.0% | Bhopal, Madhya Pradesh, India | |||
| Maha Arvind Roadways Private Limited | ₹17.86 Cr (FY 2025) | -24.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Thiruvananthpuram Road Development Company Limited, buy the company report.
Auditor
Thiruvananthpuram Road Development Company Limited is audited by K. S. Aiyar & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. S. Aiyar & Co | FY 2024 | 100186W |
Shareholding
The shareholding of Thiruvananthpuram Road Development Company Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thiruvananthpuram Road Development Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2004 | 90384756 | Others | ₹36.03 Cr | Satisfied |
To see the full charge records of Thiruvananthpuram Road Development Company Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Thiruvananthpuram Road Development Company Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by Prinicipal Commissioner of Income Tax 6 Mumbai | Pending |
To see the full case history of Thiruvananthpuram Road Development Company 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
Thiruvananthpuram Road Development Company Limited was last rated by Care on 22 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Jul 2022 |
To see the full credit ratings and regulatory alerts of Thiruvananthpuram Road Development Company Limited, buy the company report.
MSME payment delays
Thiruvananthpuram Road Development Company Limited has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vistra Itcl (India) Limited | |||
| Luthra & Luthra LLP |
To see the full MSME payment records of Thiruvananthpuram Road Development Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Thiruvananthpuram Road Development Company has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT0547J1ZA | Maharashtra | Active | 01 Jul 2017 |
| 32AACCT0547J1ZJ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thiruvananthpuram Road Development Company Limited, buy the company report.
Recent activity
Thiruvananthpuram Road Development Company Limited has 34 board changes on record since 2006: 4 appointments and 30 cessations. The latest: Muthukumaran Kamalapathy ceased to be Manager on 05 Dec 2024.
28 earlier events are in the company report.
Frequently asked questions
Thiruvananthpuram Road Development Company 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 01 March 2004 (22+ years old) and is registered under CIN U45203MH2004PLC144789.
Thiruvananthpuram Road Development Company has 3 current directors:
- Milind Ramesh Gandhi - Nominee Director
- Ajay Swaminathan Vaidyanath - Nominee Director
- Sachin Suresh Joshi - Nominee Director
The latest financial statements of Thiruvananthpuram Road Development Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thiruvananthpuram Road Development Company is 27AACCT0547J1ZA, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AACCT0547J1ZJ (Kerala).
The CIN (Corporate Identification Number) of Thiruvananthpuram Road Development Company is U45203MH2004PLC144789. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thiruvananthpuram Road Development Company has 1 court case on record: 1 filed against it. 1 is pending.
Thiruvananthpuram Road Development Company was incorporated on 01 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Thiruvananthpuram Road Development Company by revenue are Priya Buildcon Private Limited, Sadbhav Udaipur Highway Limited, Bansal Pathways Private Limited, Maha Arvind Roadways Private Limited, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Muthukumaran Kamalapathy ceased to be Manager on 05 Dec 2024. Ajay Swaminathan Vaidyanath ceased to be Additional Director on 24 Sep 2024. Milind Ramesh Gandhi ceased to be Additional Director on 24 Sep 2024. Thiruvananthpuram Road Development Company has 34 board changes on record in total.
Thiruvananthpuram Road Development Company has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 15 Nov 2021.
The registered office of Thiruvananthpuram Road Development Company is at The Il&Fs Financial Centreplot No C 22 G – Block Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400051.
Thiruvananthpuram Road Development Company operates in the infrastructure and utilities industry, in the road and bridge construction segment.
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