About Viva Highways Limited
Data last updated:
Viva Highways Limited is a public limited company based in Nashik, Maharashtra, India, a subsidiary of Ashoka Buildcon Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 August 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2001PLC171661. Its GSTIN is 27AABCV3827E1ZF (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.81 Cr. It was formerly known as Viva Highways Private Limited. It is led by directors including Rajendra Chindulal Burad and Mahendra Bhopalsingh Mehta.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S. No. 113/2 3rd Floor Ashoka Business Enclave Wadala Road, Nashik, Maharashtra, India – 422009.
As per the financials filed for FY 2025, the company reported a revenue of ₹522.99 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹344.62 Cr (net margin 65.9%) and EBITDA of ₹403.25 Cr (EBITDA margin 77.1%). Revenue has grown at a compounded annual rate (CAGR) of 119% over three years and 68% over five years.
The company has about 75 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ashoka Buildcon. As per MCA filings, the company has open charges of ₹926.96 Cr and satisfied charges of ₹268.19 Cr on record. Court records list 79 cases involving the company, including 40 filed by the company and 26 filed against it; 29 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashokabuildcon.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS. No. 113/2 3rd Floor Ashoka Business Enclave Wadala Road, Nashik, Maharashtra, India – 422009
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Viva Highways Limited
The main business activities of Viva Highways are construction and real estate. In detail, this covers roads, railways, utility projects and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| 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 |
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Viva Highways Limited FY 2025 filings available
Viva Highways Limited reported revenue of ₹522.99 Cr (up 1257% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Viva Highways Limited
Revenue has grown at a compounded annual rate (CAGR) of 68% over five years. 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 Viva Highways 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹403.25 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹344.62 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Viva Highways Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 65.9% | •••• | •••• | •••• | •••• |
| 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 Viva Highways 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 Viva Highways Limited
Viva Highways Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Martin Happy Home Private Limited | •••• | •••• | •••• | •••• | 25 | Coimbatore, Tamil Nadu, India |
| Puranik Builders Limited | •••• | •••• | •••• | •••• | 170 | Thane, Maharashtra, India |
| Hubtown Limited Listed | •••• | •••• | •••• | •••• | 41 | Mumbai, Maharashtra, India |
| Ajnara India Limited | •••• | •••• | •••• | •••• | 42 | Delhi, India |
| Bhavya Constructions Private Limited | •••• | •••• | •••• | •••• | 88 | Hyderabad, Telangana, India |
| Viva Highways Limited this company | •••• | •••• | •••• | •••• | - | Nashik, Maharashtra, India |
| Shanti Construction (Guj) Private Limited | •••• | •••• | •••• | •••• | - | Ahemdabad, Gujarat, India |
| Kolte-Patil Integrated Townships Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Acc India Private Limited | •••• | •••• | •••• | •••• | 15 | New Dlehi, Delhi, India |
| Goyal Gums Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Paranjape Schemes (Construction) Limited | •••• | •••• | •••• | •••• | 21 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Viva Highways by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Viva Highways Limited
Viva Highways Limited is audited by Pravin R Rathi & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Pravin R Rathi & 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 of Viva Highways Limited
Viva Highways has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Bhopalsingh Mehta Also directs: Jaora - Nayagaon Toll Road Company Private Limited, Ashoka Buildcon Limited, Ashoka Concessions Limited and 2 more | Nominee Director | 31 Mar 2024 | 2 Years 6 Months | Current |
| Anup Subhashchandra Katariya Also directs: Ashoka Infraways Limited, Viva Infrastructure Limited, Unique Hybrid Renewables Energy Private Limited and 2 more | Nominee Director | 04 Oct 2019 | 7 Years 0 Months | Current |
| Rajendra Chindulal Burad Also directs: Ashoka Bitucon International Private Limited, Ashoka Buildwell and Developers Private Limited, Ashoka Infraways Limited and 3 more | Director | 25 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Viva Highways 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 Viva Highways Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Apr 2025 | Others | ₹125 Cr | Open |
| 14 Sep 2023 | Hdfc Bank Limited | ₹14.3 Cr | Open |
| 22 Jun 2020 | Hdfc Bank Limited | ₹20.3 Cr | Open |
| 12 Jul 2019 | Others | ₹35 Cr | Open |
| 14 Aug 2018 | Sbicap Trustee Company Limited | ₹150 Cr | Open |
Total charge records: 14 View all charges
Legal Cases of Viva Highways Limited
Viva Highways Limited has 79 court cases on record: 40 filed by Viva Highways, 26 filed against it, 13 where it is another party. 29 cases are pending and 50 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 8 | 17 |
| High courts | 28 | 13 | 12 |
| Supreme Court | 5 | 4 | 0 |
| NCLAT | 2 | 1 | 0 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Court case (AA) | Filed by the company against Madhya Pradesh Road Development Corporation Limited | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (MJC AV) | Filed against the company by Madhya Pradesh Road Development Corporation Limited | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (MJC AV) | Filed by the company against Madhya Pradesh Road Development Corporation Limited | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed against the company by Madhya Pradesh Road Development Corporation Limited | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed by the company against Lic Housing Finance Ltd and 1 other | Disposed |
Full case history
All 79 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.
Associated Brands with Viva Highways Limited
Viva Highways operates one associated brand: Ashoka Buildcon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Road construction and power transmission services are provided. | ashokabuildcon.com |
Employees and EPFO Compliance at Viva Highways Limited
Viva Highways Limited has a workforce of 75 employees as of Mar 27, 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.
Group Structure of Viva Highways Limited
Viva Highways has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Blue Feather Infotech Private Limited | U74999PN2015PTC156611 | Locked |
Showing major subsidiaries. Total: 1.
CIN History of Viva Highways Limited
Viva Highways has one previous CIN (Corporate Identification Number): U45200MH2001PTC171661. The current CIN is U45200MH2001PLC171661, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2001PLC171661 | Current |
| U45200MH2001PTC171661 | Previous |
News related to Viva Highways Limited
Recent Activity on Viva Highways Limited
Viva Highways Limited has 15 board changes on record since 2011: 3 appointments and 12 cessations. The latest: Gyan Chand Daga ceased to be Nominee Director on 31 Mar 2024.
35 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Viva Highways 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.
MSME Payment Delays by Viva Highways Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Viva Highways 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 Viva Highways Limited
Viva Highways has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV3827E1ZF | Maharashtra | Active | 01 Jul 2017 |
| 23AABCV3827E1ZN | 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 Viva Highways 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 Viva Highways Limited
Viva Highways is an active public limited company based in Nashik, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 August 2001 (25+ years old) and is registered under CIN U45200MH2001PLC171661.
Viva Highways reported revenue of ₹522.99 Cr for FY 2025 (up 1257% YoY).
Viva Highways has 3 current directors:
- Mahendra Bhopalsingh Mehta - Nominee Director
- Anup Subhashchandra Katariya - Nominee Director
- Rajendra Chindulal Burad - Director
Viva Highways reported a net profit of ₹344.62 Cr (net margin 65.9%) and EBITDA of ₹403.25 Cr (EBITDA margin 77.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Viva Highways is 119% over three years and 68% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Viva Highways is 27AABCV3827E1ZF, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 23AABCV3827E1ZN (Madhya Pradesh).
The CIN (Corporate Identification Number) of Viva Highways is U45200MH2001PLC171661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viva Highways has 79 court cases on record: 40 filed by the company and 26 filed against it. 29 are pending. Most are in the district courts.
Viva Highways was incorporated on 16 August 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Viva Highways by revenue are Martin Happy Home Private Limited, Puranik Builders Limited, Hubtown Limited, Ajnara India Limited, Bhavya Constructions Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Gyan Chand Daga ceased to be Nominee Director on 31 Mar 2024. Mahendra Bhopalsingh Mehta was appointed as Nominee Director on 31 Mar 2024. Ankita Aditya Parakh ceased to be Director on 01 Nov 2021. Viva Highways has 15 board changes on record in total.