About Udaipur Tollway Limited
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Udaipur 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 06 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2016PLC286600. Its GSTIN is 27AABCU9956F1ZW (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹116.8 Cr and a paid-up capital of ₹116.8 Cr. It was formerly known as Udaipur Tollway Private Limited. It is led by directors including Omprakash Singh Ashok and Shilpa Chandrashekhar Todankar.
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 ₹147.27 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹133.55 Cr (net margin -90.7%) and EBITDA of ₹68.8 Cr (EBITDA margin 46.7%). Revenue has declined at a compounded annual rate (CAGR) of 1% over five years.
The company has about 150 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IRB Infrastructure Developers. As per MCA filings, the company has open charges of ₹1,534.61 Cr on record. Court records list 16 cases involving the company, including 13 filed by the company and 3 filed against it; 1 case is pending. The company has 2 deals on record (2 rights issues); the latest was in November 2019. Its 6 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 4 smaller; the largest is Meil Chillakuru Turpu Kanupur Roadways Private Limited with revenue of ₹149.36 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 irb.co.in.
Company details
CIN history
Udaipur Tollway has one previous CIN (Corporate Identification Number): U45203MH2016PTC286600. The current CIN is U45203MH2016PLC286600, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2016PLC286600 | Current |
| U45203MH2016PTC286600 | Previous |
Contact details
Udaipur Tollway Limited's registered office is in Mumbai, Maharashtra. Its website is irb.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 Udaipur 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
Udaipur Tollway operates one associated brand: IRB Infrastructure Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure development services | irb.co.in |
Business activity
The main business activity of Udaipur 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 Udaipur Tollway Limited, buy the company report.
Financials of Udaipur Tollway Limited
FY 2025 filings availableUdaipur Tollway Limited reported revenue of ₹147.27 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 28% 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 | ₹68.8 Cr | ||||
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| Net Profit (PAT) | -₹133.55 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 | 46.7% | ||||
| Net Profit Margin | -90.7% | ||||
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To see the full financial statements and ratios of Udaipur Tollway Limited, buy the company report.
Board of directors of Udaipur Tollway Limited
Udaipur Tollway has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omprakash Singh Ashok Also directs: Irb Talegaon Amravati Tollway Limited, Ae Tollway Limited, M.V.R. Infrastructure and Tollways Limited and 4 more | Director | 19 Oct 2019 | 7 Years 0 Months | Current |
| Shilpa Chandrashekhar Todankar | Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Abhay Prabhakar Phatak | Director | 09 Mar 2022 | 4 Years 7 Months | Current |
| Chandrashekhar Shankarrao Kaptan Also directs: CG Tollway Limited, Irb Surat Dahisar Tollway Limited, Irb Talegaon Amravati Tollway Limited and 4 more | Additional Director | 26 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Udaipur Tollway Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Meil Chillakuru Turpu Kanupur Roadways Private Limited | ₹149.36 Cr (FY 2025) | 571.0% | Hyderabad, Telangana, India | |||
| Kalthia Bhavnagar Pipli Highway Private Limited | ₹148.34 Cr (FY 2024) | 47.0% | Bhavnagar, Gujarat, India | |||
| Udaipur Tollway Limitedthis company | ₹147.27 Cr (FY 2025) | -₹133.55 Cr | -90.7% | 21.0% | 150 | Mumbai, Maharashtra, India |
| D P Jain Tot Toll Roads Private Limited | ₹147.26 Cr (FY 2025) | 3.0% | Nagpur, Maharashtra, India | |||
| Vk1 Expressway Limited | ₹147.01 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Pathankot Mandi Highway Private Limited | ₹146.03 Cr (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Ivrcl Indore Gujarat Tollways Limited | ₹146 Cr (FY 2025) | 22.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Udaipur Tollway Limited, buy the company report.
Auditor
Udaipur Tollway Limited is audited by GOKHALE & SATHE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOKHALE & SATHE | FY 2023 | 103264W |
Shareholding
The shareholding of Udaipur 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Udaipur Tollway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2022 | 100713676 | Idbi Trusteeship Services Limited | ₹700 Cr | Open | |
| 05 Jul 2017 | 100108749 | Idbi Trusteeship Services Limited | ₹834.61 Cr | Open |
To see the full charge records of Udaipur Tollway Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Udaipur Tollway Limited has 2 deals on record (2 rights issues); the latest was in November 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Rights issue | ₹57.18 Cr | Investors: Irb Infrastructure Developers Limited |
| Jul 2017 | Rights issue | ₹59.57 Cr | Investors: Irb Infrastructure Developers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Udaipur Tollway Limited has 16 court cases on record: 13 filed by Udaipur Tollway, 3 filed against it. 1 case is pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 1 | 1 |
| Supreme Court | 6 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed by the company against Kishangarh Gulabpura Tollway Limited and 2 others | Disposed |
| High Court of Delhi | Writ petition | Filed against the company by National Highways Authority of India | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against National Highways Authority of India Through Chairman Having Office at G-5 and 6, Sector 10, Dwarka, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
| Supreme Court | Court case | Filed against the company by National Highways Authority of India (Nhai) | Disposed |
To see the full case history of Udaipur 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
Udaipur Tollway Limited was last rated by Indiarating on 08 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 08 Sep 2021 |
To see the full credit ratings and regulatory alerts of Udaipur Tollway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Udaipur Tollway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Udaipur Tollway Limited has a workforce of 150 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Udaipur Tollway has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU9956F1ZW | Maharashtra | Active | 01 Jul 2017 |
| 08AABCU9956F1ZW | Rajasthan | Active | 12 Jul 2017 |
| 24AABCU9956F1Z2 | Gujarat | Active | 24 Jul 2017 |
To see the full GST registrations and return filing status of Udaipur Tollway Limited, buy the company report.
Recent activity
Udaipur Tollway Limited has 15 board changes on record since 2018: 4 appointments and 11 cessations. The latest: Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022.
9 earlier events are in the company report.
News
Frequently asked questions
Udaipur 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 06 October 2016 (10+ years old) and is registered under CIN U45203MH2016PLC286600.
Udaipur Tollway has 4 current directors:
- Omprakash Singh Ashok - Director
- Shilpa Chandrashekhar Todankar - Director
- Abhay Prabhakar Phatak - Director
- Chandrashekhar Shankarrao Kaptan - Additional Director
The latest financial statements of Udaipur 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 FY 2017 are in the company report.
The GSTIN of Udaipur Tollway is 27AABCU9956F1ZW, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 08AABCU9956F1ZW (Rajasthan), 24AABCU9956F1Z2 (Gujarat).
The CIN (Corporate Identification Number) of Udaipur Tollway is U45203MH2016PLC286600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Udaipur Tollway has 16 court cases on record: 13 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Udaipur Tollway was incorporated on 06 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Udaipur Tollway has 2 deals on record (2 rights issues); the latest was in November 2019.
The peers of Udaipur Tollway by revenue are Meil Chillakuru Turpu Kanupur Roadways Private Limited, Kalthia Bhavnagar Pipli Highway Private Limited, D P Jain Tot Toll Roads Private Limited, Vk1 Expressway Limited, Pathankot Mandi Highway Private Limited and 1 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Abhay Prabhakar Phatak ceased to be Additional Director on 22 Jun 2022. Abhay Prabhakar Phatak was appointed as Director on 09 Mar 2022. Chandrashekhar Shankarrao Kaptan ceased to be Additional Director on 11 Sep 2020. Udaipur Tollway has 15 board changes on record in total.
Udaipur Tollway can be reached through the website irb.co.in. Its registered office is in Mumbai, Maharashtra, India.