About Vk1 Expressway Limited
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Vk1 Expressway 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 17 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2018PLC308159. Its GSTIN is 27AAGCV3859D1Z4 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹122.5 Cr and a paid-up capital of ₹122.5 Cr. It is led by directors including Omprakash Singh Ashok and Rushabh Rakesh Gandhi.
Its last annual general meeting (AGM) was held on 21 July 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 ₹147.01 Cr. For the same year it recorded a net profit of ₹39.14 Cr (net margin 26.6%) and EBITDA of ₹130.17 Cr (EBITDA margin 88.5%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹816.09 Cr and satisfied charges of ₹1,936 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in December 2022. Its 4 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 1 larger and 3 smaller; the largest is Udaipur Tollway Limited with revenue of ₹147.27 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
Vk1 Expressway has one previous CIN (Corporate Identification Number): U45309MH2018PTC308159. The current CIN is U45309MH2018PLC308159, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45309MH2018PLC308159 | Current |
| U45309MH2018PTC308159 | Previous |
Contact details
Vk1 Expressway 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 AddressIrb Complex Chandivali Farm, Chandivali Village Andheri (East), Mumbai, Maharashtra, India – 400072
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Vk1 Expressway 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
Business activity
The main business activity of Vk1 Expressway 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 Vk1 Expressway Limited, buy the company report.
Financials of Vk1 Expressway Limited
FY 2025 filings availableVk1 Expressway Limited reported revenue of ₹147.01 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years. EBITDA fell 3% 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 | ₹130.17 Cr | ||||
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| Net Profit (PAT) | ₹39.14 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 | 88.5% | ||||
| Net Profit Margin | 26.6% | ||||
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To see the full financial statements and ratios of Vk1 Expressway Limited, buy the company report.
Board of directors of Vk1 Expressway Limited
Vk1 Expressway has 5 current directors and 17 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 Jaipur Deoli Tollway Limited, M.V.R. Infrastructure and Tollways Limited, Irb Pathankot Amritsar Toll Road Limited and 4 more | Director | 22 Nov 2022 | 3 Years 11 Months | Current |
| Rushabh Rakesh Gandhi Also directs: Irb Jaipur Deoli Tollway Limited, Irb Tumkur Chitradurga Tollway Limited, M.V.R. Infrastructure and Tollways Limited and 5 more | Director | 07 Nov 2022 | 4 Years 0 Months | Current |
| Kshama Amit Vengsarkar Also directs: Irb Jaipur Deoli Tollway Limited, Irb Tumkur Chitradurga Tollway Limited, Idaa Infrastructure Limited and 5 more | Director | 22 Nov 2022 | 3 Years 11 Months | Current |
| Vinodkumar Sethumadhva Menon Also directs: Irb Jaipur Deoli Tollway Limited, Irb Tumkur Chitradurga Tollway Limited, Idaa Infrastructure Limited and 4 more | Director | 07 Nov 2022 | 4 Years 0 Months | Current |
| Sumit Banerjee | Director | 04 May 2024 | 2 Years 6 Months | Current |
Peer comparison
Vk1 Expressway Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Udaipur Tollway Limited | ₹147.27 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Vk1 Expressway Limitedthis company | ₹147.01 Cr (FY 2025) | ₹39.14 Cr | 26.6% | 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 | |||
| Irb Pathankot Amritsar Toll Road Limited | ₹144.03 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vk1 Expressway Limited, buy the company report.
Auditor
Vk1 Expressway 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 Vk1 Expressway 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 Vk1 Expressway Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2025 | 101177407 | Others | ₹816.09 Cr | Open | |
| 03 Oct 2022 | 100621413 | Sbicap Trustee Company Limited | ₹955 Cr | Satisfied | |
| 17 Oct 2018 | 100212550 | Others | ₹981 Cr | Satisfied |
To see the full charge records of Vk1 Expressway Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Vk1 Expressway Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in December 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: IRB InvIT Fund Seller: Irb Infrastructure Developers Limited |
| Feb 2019 | Rights issue | ₹122.45 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
Vk1 Expressway Limited has 1 court case on record: 1 filed by Vk1 Expressway. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
To see the full case history of Vk1 Expressway 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
Vk1 Expressway Limited was last rated by Crisil on 14 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Oct 2021 |
To see the full credit ratings and regulatory alerts of Vk1 Expressway Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vk1 Expressway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vk1 Expressway has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV3859D1Z4 | Maharashtra | Active | 11 Jul 2018 |
| 24AAGCV3859D1ZA | Gujarat | Active | 13 Nov 2018 |
To see the full GST registrations and return filing status of Vk1 Expressway Limited, buy the company report.
Recent activity
Vk1 Expressway Limited has 20 board changes on record since 2019: 5 appointments and 15 cessations. The latest: Sumit Banerjee ceased to be Additional Director on 24 Jul 2024.
17 earlier events are in the company report.
News
Frequently asked questions
Vk1 Expressway 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 17 April 2018 (8+ years old) and is registered under CIN U45309MH2018PLC308159.
Vk1 Expressway has 5 current directors:
- Omprakash Singh Ashok - Director
- Rushabh Rakesh Gandhi - Director
- Kshama Amit Vengsarkar - Director
- Vinodkumar Sethumadhva Menon - Director
- Sumit Banerjee - Director
The latest financial statements of Vk1 Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Vk1 Expressway is 27AAGCV3859D1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAGCV3859D1ZA (Gujarat).
The CIN (Corporate Identification Number) of Vk1 Expressway is U45309MH2018PLC308159. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vk1 Expressway has 1 court case on record: 1 filed by the company.
Vk1 Expressway was incorporated on 17 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Vk1 Expressway has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in December 2022.
The peers of Vk1 Expressway by revenue are Udaipur Tollway Limited, Pathankot Mandi Highway Private Limited, Ivrcl Indore Gujarat Tollways Limited, Irb Pathankot Amritsar Toll Road Limited, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sumit Banerjee ceased to be Additional Director on 24 Jul 2024. Sumit Banerjee was appointed as Director on 04 May 2024. Bajrang Lal Gupta ceased to be Additional Director on 22 Nov 2022. Vk1 Expressway has 20 board changes on record in total.
Vk1 Expressway can be reached through the website irb.co.in. Its registered office is in Mumbai, Maharashtra, India.
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