About Viva Highways Limited
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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 89 cases involving the company, including 48 filed by the company and 41 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.
Company details
CIN history
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 |
Contact details
Viva Highways Limited's registered office is in Nashik, Maharashtra. Its website is ashokabuildcon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS. No. 113/2 3rd Floor Ashoka Business Enclave Wadala Road, Nashik, Maharashtra, India – 422009
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Viva Highways 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
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Viva Highways Limited, buy the company report.
Financials of Viva Highways Limited
FY 2025 filings availableViva Highways Limited reported revenue of ₹522.99 Cr (up 1257% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹403.25 Cr | ||||
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| Net Profit (PAT) | ₹344.62 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 | 77.1% | ||||
| Net Profit Margin | 65.9% | ||||
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To see the full financial statements and ratios of Viva Highways Limited, buy the company report.
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 |
Auditor
Viva Highways Limited is audited by Pravin R Rathi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pravin R Rathi & Associates | FY 2023 | 131494W |
Shareholding
The shareholding of Viva Highways 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 Viva Highways Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2025 | 101085682 | Others | ₹125 Cr | Open | |
| 14 Sep 2023 | 100788127 | Hdfc Bank Limited | ₹14.3 Cr | Open | |
| 22 Jun 2020 | 100343717 | Hdfc Bank Limited | ₹20.3 Cr | Open | |
| 12 Jul 2019 | 100277746 | Others | ₹35 Cr | Open | |
| 14 Aug 2018 | 100201489 | Sbicap Trustee Company Limited | ₹150 Cr | Open |
To see the full charge records of Viva Highways Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Viva Highways Limited has 89 court cases on record: 48 filed by Viva Highways, 41 filed against it. 29 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 18 | 17 |
| High courts | 28 | 15 | 12 |
| Supreme Court | 12 | 7 | 0 |
| NCLT | 3 | 0 | 0 |
| NCLAT | 2 | 1 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0302-Arbitration Law and Other Alternative Dispute Resolution : SLPs relating to appointment of arbitrator, arising out of applications under Section 8, removal of arbitrator, termination of mandate of arbitrator under Arbitration Act, 1940, and Arbitration and Conciliation Act, 1996.) | Filed by the company against Madhya Pradesh Road Development Corporation Ltd and 1 other | Disposed |
| 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 and 1 other | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed against the company by Madhya Pradesh Road Development Corporation Limited | Disposed |
To see the full case history of Viva Highways 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
Viva Highways Limited was last rated by Icra on 23 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Jun 2021 |
To see the full credit ratings and regulatory alerts of Viva Highways Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Viva Highways Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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 |
To see the full group structure of Viva Highways Limited, buy the company report.
Employees & EPFO
Viva Highways Limited has a workforce of 75 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Viva Highways Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 3 current directors:
- Mahendra Bhopalsingh Mehta - Nominee Director
- Anup Subhashchandra Katariya - Nominee Director
- Rajendra Chindulal Burad - Director
The latest financial statements of Viva Highways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
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 89 court cases on record: 48 filed by the company and 41 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.
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.
Viva Highways can be reached through the website ashokabuildcon.com. Its registered office is in Nashik, Maharashtra, India.
The registered office of Viva Highways is at S. No. 1132 3rd Floor Ashoka Business Enclave Wadala Road, Nashik, Maharashtra, India – 422009.