About Vindhyachal Expressway Private Limited
Data last updated:
Vindhyachal Expressway Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Kalpataru Projects International Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 16 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2012PTC271978. Its GSTIN is 23AADCV9092R1ZH (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹27.05 Cr. It is led by directors Narayanan Neelakanteswaran and Saurabh.
Its last annual general meeting (AGM) was held on 08 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor Kalpataru Synergy Opp. Grand Hyatt Hotel Santacruz East, Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2025, the company reported a revenue of ₹105.45 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹12.59 Cr (net margin 11.9%) and EBITDA of ₹75.81 Cr (EBITDA margin 71.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 11% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Kalpataru Projects International and JMC Projects. As per MCA filings, the company has open charges of ₹521.05 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023. Its 10 peer companies in the Infrastructure industry (Roads and Bridges) are compared by revenue, 5 larger and 5 smaller; the largest is Karnataka Road Development Corporation Limited with revenue of ₹106.73 Cr. The company has 7 MSME Form 1 returns on record between 2020 and 2023, listing 29 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kalpataruprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address6th Floor Kalpataru Synergy Opp. Grand Hyatt Hotel Santacruz East, Mumbai, Maharashtra, India – 400055
- IndustryInfrastructure and Utilities, Road & Bridge Construction
- 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
- One PDF report, delivered after checkout
Business Activity of Vindhyachal Expressway Private Limited
The main business activity of Vindhyachal Expressway is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vindhyachal Expressway Private Limited FY 2025 filings available
Vindhyachal Expressway Private Limited reported revenue of ₹105.45 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vindhyachal Expressway Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 23% growth in the latest year. EBITDA rose 1% 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 of Vindhyachal Expressway Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹75.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.59 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Vindhyachal Expressway Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vindhyachal Expressway are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Roads and Bridges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Karnataka Road Development Corporation Limited | ₹106.73 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| DBL Rewa Sidhi Highways Private Limited | ₹106.61 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| M.R. Hi-Tech Engineers Private Limited | ₹106.37 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Madurai, Tamil Nadu, India |
| Gangamai Kalyan Acr Private Limited | ₹106.36 Cr (FY 2025) | •••• | •••• | 1255.0% | •••• | Aurangabad, Maharashtra, India |
| Nidhi Creative Infrastructure Private Limited | ₹105.63 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Kolkata, West Bengal, India |
| Vindhyachal Expressway Private Limited this company | ₹105.45 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Bithur Kanpur Highways Private Limited | ₹105.38 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | Agra, Uttar Pradesh, India |
| Apco Navkalyan Expressway Private Limited | ₹105.38 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Mumbai, Maharashtra, India |
| Gorakhpur Kasia Tollways Private Limited | ₹105 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Indore, Madhya Pradesh, India |
| Ajay Protech Private Limited | ₹104.72 Cr (FY 2023) | •••• | •••• | -21.0% | •••• | Unjha, Gujarat, India |
| Repallewada Highways Limited | ₹104.7 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Vindhyachal Expressway by revenue in the Infrastructure industry (Roads and Bridges), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited is audited by Gianender & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Gianender & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited currently reports 2 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Kumar Singhania | Cfo | 19 Jun 2021 | 5 Years 3 Months | Current |
| Narayanan Neelakanteswaran | Director | 09 May 2022 | 4 Years 5 Months | Current |
| Saurabh | Director | 30 Apr 2014 | 12 Years 5 Months | Current |
Ownership and Shareholding of Vindhyachal Expressway Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vindhyachal Expressway Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jul 2012 | Others | ₹521.05 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Kalpataru Projects International Limited Seller: JMC Projects (India) Limited |
| Jul 2012 | Acquisition | ₹27 Cr | Buyer: JMC Projects (India) Limited |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited has 10 court cases on record: 3 filed by Vindhyachal Expressway, 3 filed against it, 4 where it is another party. 2 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 2 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Interim or miscellaneous application | Filed against the company by Madhya Pradesh Road Development Corporation Limited | Disposed |
| High Court of Madhya Pradesh | Court case (AA) | Filed against the company by Madhya Pradesh Road Development Corporation Limited | Disposed |
| Supreme Court | Court case | Filed by the company against Madhya Pradesh Road Development Corporation Limited | Disposed |
| High Court of Madhya Pradesh | Writ petition | Company is another party | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Union of India | Disposed |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
MSME Payment Delays by Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited has 7 MSME Form 1 returns on record between 2020 and 2023, listing 29 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Viral Electro Trade Private Limited | •••• | •••• | •••• |
| Alsec Engineering and Construction LLP | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Maa Vindhavashni Stone Crusher | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Vindhyachal Expressway Private Limited
Vindhyachal Expressway operates two associated brands: Kalpataru Projects International and JMC Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering, procurement, and construction solutions are delivered across infrastructure sectors. | kalpataruprojects.com | |
| Civil and structural engineering services are provided for major industries. | jmcprojects.com |
Employees and EPFO Compliance at Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited has a workforce of 112 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Vindhyachal Expressway Private Limited
Vindhyachal Expressway has one previous CIN (Corporate Identification Number): U45203GJ2012PTC068638. The current CIN is U45203MH2012PTC271978, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2012PTC271978 | Current |
| U45203GJ2012PTC068638 | Previous |
News related to Vindhyachal Expressway Private Limited
Recent Activity on Vindhyachal Expressway Private Limited
Vindhyachal Expressway Private Limited has 13 board changes on record since 2014: 3 appointments and 10 cessations. The latest: Narayanan Neelakanteswaran ceased to be Director on 02 Aug 2022.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vindhyachal Expressway Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vindhyachal Expressway Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vindhyachal Expressway Private Limited
Vindhyachal Expressway has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCV9092R1ZH | Madhya Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vindhyachal Expressway Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vindhyachal Expressway Private Limited
Vindhyachal Expressway 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 16 January 2012 (14+ years old) and is registered under CIN U45203MH2012PTC271978.
Vindhyachal Expressway reported revenue of ₹105.45 Cr for FY 2025 (up 23% YoY).
Vindhyachal Expressway has 3 current directors and KMP:
- Narayanan Neelakanteswaran - Director
- Saurabh - Director
- Sushil Kumar Singhania - Cfo
Vindhyachal Expressway reported a net profit of ₹12.59 Cr (net margin 11.9%) and EBITDA of ₹75.81 Cr (EBITDA margin 71.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vindhyachal Expressway is 15% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vindhyachal Expressway is 23AADCV9092R1ZH, registered in Madhya Pradesh. 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 Vindhyachal Expressway is U45203MH2012PTC271978. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vindhyachal Expressway has 10 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Vindhyachal Expressway was incorporated on 16 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Vindhyachal Expressway has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023.
The peers of Vindhyachal Expressway by revenue are Karnataka Road Development Corporation Limited, DBL Rewa Sidhi Highways Private Limited, M.R. Hi-Tech Engineers Private Limited, Gangamai Kalyan Acr Private Limited, Nidhi Creative Infrastructure Private Limited and 5 more, all in the Infrastructure industry (Roads and Bridges).
Narayanan Neelakanteswaran ceased to be Director on 02 Aug 2022. Sushil Kumar Singhania ceased to be Additional Director on 02 Aug 2022. Rajumani Madhavan ceased to be Director on 15 Jun 2022. Vindhyachal Expressway has 13 board changes on record in total.