About Ulundurpet Expressways Private Limited
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Ulundurpet Expressways Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Highways Infrastructure Trust. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 20 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2006PTC265580. Its GSTIN is 33AACCG5552C1Z2 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹350 Cr and a paid-up capital of ₹96.86 Cr. It was formerly known as Gmr Ulundurpet Expressways Private Limited. It is led by directors including Sathishkumar Subash and Muthu.
Its last annual general meeting (AGM) was held on 03 September 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 ₹214.46 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹63.56 Cr (net margin 29.6%) and EBITDA of ₹185.48 Cr (EBITDA margin 86.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 10% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Highway Concessions One Private. As per MCA filings, the company has open charges of ₹278.1 Cr and satisfied charges of ₹1,427 Cr on record. Court records list 15 cases involving the company, including 9 filed by the company and 6 filed against it; 1 case is pending. The company has 16 deals on record (7 secondary share transfers, 3 debt financings, 3 acquisitions), with disclosed funding of ₹199.83 Cr; the latest was in August 2022. 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, 4 larger and 2 smaller; the largest is Bijapur-Hungund Tollway Private Limited with revenue of ₹220.81 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 ulundurpetexpressways.com.
Company details
CIN history
Ulundurpet Expressways has one previous CIN (Corporate Identification Number): U45203KA2006PTC038784. The current CIN is U45203MH2006PTC265580, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2006PTC265580 | Current |
| U45203KA2006PTC038784 | Previous |
Contact details
Ulundurpet Expressways Private Limited's registered office is in Mumbai, Maharashtra. Its website is ulundurpetexpressways.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressUnit No. 601 – 602 6th Floor Windsor House, Off Cst Road Kalina Santacruz East, Mumbai, Maharashtra, India – 400098
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Ulundurpet Expressways 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
Brands
Ulundurpet Expressways operates one associated brand: Highway Concessions One Private. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Highway concessions are invested in, operated, and managed across India. | highwayconcessions.com |
Business activity
The main business activity of Ulundurpet Expressways 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 Ulundurpet Expressways Private Limited, buy the company report.
Financials of Ulundurpet Expressways Private Limited
FY 2025 filings availableUlundurpet Expressways Private Limited reported revenue of ₹214.46 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 15% growth in the latest year. EBITDA rose 35% 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 | ₹185.48 Cr | ||||
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| Net Profit (PAT) | ₹63.56 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 | 86.5% | ||||
| Net Profit Margin | 29.6% | ||||
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To see the full financial statements and ratios of Ulundurpet Expressways Private Limited, buy the company report.
Board of directors of Ulundurpet Expressways Private Limited
Ulundurpet Expressways has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathishkumar Subash | Nominee Director | 30 Apr 2025 | 1 Years 6 Months | Current |
| Muthu | Nominee Director | 30 Apr 2025 | 1 Years 6 Months | Current |
| Rahul Uday Nadkarni | Nominee Director | 30 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Ulundurpet Expressways Private 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 |
|---|---|---|---|---|---|---|
| Bijapur-Hungund Tollway Private Limited | ₹220.81 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Meil Pileru Kalur Roadways Private Limited | ₹217.42 Cr (FY 2025) | 121.0% | Hyderabad, Telangana, India | |||
| Hampi Expressways Private Limited | ₹217.02 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Baharampore-Farakka Highways Limited | ₹216.06 Cr (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Ulundurpet Expressways Private Limitedthis company | ₹214.46 Cr (FY 2025) | ₹63.56 Cr | 29.6% | 15.0% | 18 | Mumbai, Maharashtra, India |
| JSR Ecr Road Project Private Limited | ₹211.34 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Oasis Projects Limited | ₹211.25 Cr (FY 2025) | 23.0% | Chandigarh, India |
To see the full peer comparison of Ulundurpet Expressways Private Limited, buy the company report.
Auditor
Ulundurpet Expressways Private Limited is audited by GIANENDER & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIANENDER & ASSOCIATES | FY 2023 | 004661N |
Shareholding
The shareholding of Ulundurpet Expressways 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 Ulundurpet Expressways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2022 | 100622669 | Others | ₹278.1 Cr | Satisfied | |
| 17 Apr 2017 | 100112600 | Others | ₹183.67 Cr | Satisfied | |
| 26 Mar 2015 | 10563779 | Idbi Trusteeship Services Limited | ₹205.28 Cr | Satisfied | |
| 26 Mar 2015 | 10564741 | Idbi Trusteeship Services Limited | ₹264.7 Cr | Satisfied | |
| 16 Oct 2006 | 10025664 | Axis Bank Limited | ₹495.25 Cr | Satisfied |
To see the full charge records of Ulundurpet Expressways Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Ulundurpet Expressways Private Limited has 16 deals on record (7 secondary share transfers, 3 debt financings, 3 acquisitions), with disclosed funding of ₹199.83 Cr; the latest was in August 2022.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Global Infrastructure Partners Seller: GMR Highways Limited , GMR Energy Limited , GMR Airports Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Seller: GMR Highways Limited |
| Feb 2014 | Acquisition | Undisclosed | Buyer: Global Infrastructure Partners Seller: GMR Highways Limited |
| Dec 2013 | Rights issue | ₹145.42 Cr | Investors: GMR Highways Limited |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: GMR Highways Limited Seller: GMR Airports Limited, GMR Tuni-Anakapalli Expressways Limited , GMR Tambaram Tindivanam Expressways Limited |
To see the full deal history of Ulundurpet Expressways 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
Ulundurpet Expressways Private Limited has 15 court cases on record: 9 filed by Ulundurpet Expressways, 6 filed against it. 1 case is pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 1 |
| District courts | 5 | 5 | 0 |
| NCLAT | 2 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by HMG Ambassador Property Management Pvt Ltd and 2 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against ,R4 : the Manager Markolines Infra Pvt. Ltd, 6Th Floor, Wing-A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai 400 614, Maharashtra ,Notice Served On R4 and R5 : and 6 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by SPL Infrastructure Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by HMG Ambassador Property Management Pvt.Ltd. and 2 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner | Pending |
To see the full case history of Ulundurpet Expressways 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
Ulundurpet Expressways Private Limited was last rated by Indiarating on 04 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 04 Feb 2022 |
To see the full credit ratings and regulatory alerts of Ulundurpet Expressways Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ulundurpet Expressways Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ulundurpet Expressways Private Limited has a workforce of 18 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Ulundurpet Expressways has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCG5552C1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ulundurpet Expressways Private Limited, buy the company report.
Recent activity
Ulundurpet Expressways Private Limited has 37 board changes on record since 2006: 20 appointments and 17 cessations. The latest: Abhishek Chhajer ceased to be Nominee Director on 30 Apr 2025.
42 earlier events are in the company report.
Frequently asked questions
Ulundurpet Expressways is an active private 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 20 March 2006 (20+ years old) and is registered under CIN U45203MH2006PTC265580.
Ulundurpet Expressways has 3 current directors:
- Sathishkumar Subash - Nominee Director
- Muthu - Nominee Director
- Rahul Uday Nadkarni - Nominee Director
The latest financial statements of Ulundurpet Expressways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ulundurpet Expressways is 33AACCG5552C1Z2, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ulundurpet Expressways is U45203MH2006PTC265580. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ulundurpet Expressways has 15 court cases on record: 9 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Ulundurpet Expressways was incorporated on 20 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Ulundurpet Expressways has 16 deals on record (7 secondary share transfers, 3 debt financings, 3 acquisitions), with disclosed funding of ₹199.83 Cr; the latest was in August 2022.
The peers of Ulundurpet Expressways by revenue are Bijapur-Hungund Tollway Private Limited, Meil Pileru Kalur Roadways Private Limited, Hampi Expressways Private Limited, Baharampore-Farakka Highways Limited, JSR Ecr Road Project Private Limited and 1 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Abhishek Chhajer ceased to be Nominee Director on 30 Apr 2025. Muthu was appointed as Nominee Director on 30 Apr 2025. Rahul Uday Nadkarni was appointed as Nominee Director on 30 Apr 2025. Ulundurpet Expressways has 37 board changes on record in total.
Ulundurpet Expressways can be reached through the website ulundurpetexpressways.com. Its registered office is in Mumbai, Maharashtra, India.
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