About Wainganga Expressway Private Limited
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Wainganga 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 02 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2011PTC264642. Its GSTIN is 27AABCW1309E1ZP (Maharashtra).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹30 Cr. It is led by directors including Sushil Kumar Singhania and Narayanan Neelakanteswaran.
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 ₹97.59 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹42.02 Cr (net margin -43.1%) and EBITDA of ₹45.13 Cr (EBITDA margin 46.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 10% over five years.
The company has about 59 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: JMC Projects. As per MCA filings, the company has open charges of ₹328 Cr and satisfied charges of ₹328 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 4 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023. Its 9 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 5 smaller; the largest is Nanguneri-Kanyakumari Tollway Private Limited with revenue of ₹99.02 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 41 overdue payments to 16 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 jmcprojects.com.
Company details
CIN history
Wainganga Expressway has one previous CIN (Corporate Identification Number): U45203GJ2011PTC065705. The current CIN is U45203MH2011PTC264642, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH2011PTC264642 | Current |
| U45203GJ2011PTC065705 | Previous |
Contact details
Wainganga Expressway Private Limited's registered office is in Mumbai, Maharashtra. Its website is jmcprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6th Floor Kalpataru Synergy Opp. Grand Hyatt Hotel Santacruz East, Mumbai, Maharashtra, India – 400055
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Wainganga Expressway 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
Wainganga Expressway operates one associated brand: JMC Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Civil and structural engineering services are provided for major industries. | jmcprojects.com |
Business activity
The main business activity of Wainganga 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 Wainganga Expressway Private Limited, buy the company report.
Financials of Wainganga Expressway Private Limited
FY 2025 filings availableWainganga Expressway Private Limited reported revenue of ₹97.59 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 8% growth in the latest year. EBITDA fell 16% 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 | ₹45.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹42.02 Cr | ||||
| Balance Sheet | |||||
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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 | 46.2% | ||||
| Net Profit Margin | -43.1% | ||||
| Return on Equity (ROE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Wainganga Expressway Private Limited, buy the company report.
Board of directors of Wainganga Expressway Private Limited
Wainganga Expressway has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Kumar Singhania | Director | 09 May 2022 | 4 Years 5 Months | Current |
| Narayanan Neelakanteswaran | Director | 09 May 2022 | 4 Years 5 Months | Current |
| Saurabh | Director | 30 Apr 2014 | 12 Years 6 Months | Current |
Peer comparison
Wainganga Expressway Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Nanguneri-Kanyakumari Tollway Private Limited | ₹99.02 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Bajrang Road Construction Private Limited | ₹98.97 Cr (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Apco Arasavalli Expressway Private Limited | ₹98.06 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India | |||
| Dholu Construction and Projects Limited | ₹97.95 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Wainganga Expressway Private Limitedthis company | ₹97.59 Cr (FY 2025) | -₹42.02 Cr | -43.1% | 8.0% | 59 | Mumbai, Maharashtra, India |
| Rachana Infrastructure Limited | ₹96.87 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India | |||
| Mysore-Bellary Highway Private Limited | ₹96.78 Cr (FY 2025) | -32.0% | Chennai, Tamil Nadu, India | |||
| Tripatra India Private Limited | ₹96.62 Cr (FY 2025) | 9.0% | Faridabad, Haryana, India | |||
| BSC- C and C- Kurali Toll Road Limited. | ₹96.33 Cr (FY 2025) | 10.0% | Gurgaon, Haryana, India | |||
| Raj Path Infracon Nh-544G Pkg-2 Private Limited | ₹96.24 Cr (FY 2025) | 243542.0% | Pune, Maharashtra, India |
To see the full peer comparison of Wainganga Expressway Private Limited, buy the company report.
Auditor
Wainganga Expressway Private Limited is audited by Raj Har Gopal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raj Har Gopal & Co. | FY 2023 | 002074N |
Shareholding
The shareholding of Wainganga Expressway 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 Wainganga Expressway Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2011 | 10321549 | Axis Trustee Services Limited | ₹328 Cr | Satisfied |
To see the full charge records of Wainganga Expressway Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Wainganga 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 , Kalpataru Projects International Limited & Manish Kumar Agarwal, Kalpataru Projects International Limited & Sushil Kumar Singhania Seller: Jmc Projects (India) Limited & Sandeep Sharma, Jmc Projects (India) Limited & Tarak Shah, Jmc Projects (India) Limited & Saurabh Gupta |
| Dec 2011 | Acquisition | ₹29.95 Cr | Buyer: JMC Projects (India) Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Wainganga Expressway Private Limited has 10 court cases on record: 4 filed by Wainganga Expressway, 6 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 4 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against National Highways Authority of India | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by National Highway Authority of India | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against State of Maharashtra, THR. Principal Secretary, Dept. of Revenue, Mumbai and Ors and 3 others | Pending |
| Bombay High Court | Court case (PIL) | Filed against the company | Pending |
| 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 Wainganga Expressway 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
Wainganga Expressway Private Limited was last rated by Care on 24 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Dec 2021 |
To see the full credit ratings and regulatory alerts of Wainganga Expressway Private Limited, buy the company report.
MSME payment delays
Wainganga Expressway Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 41 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Indimo Tech Private Limited | |||
| Saraf and Partners |
To see the full MSME payment records of Wainganga Expressway Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Wainganga Expressway Private Limited has a workforce of 59 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
GST
Wainganga Expressway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW1309E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wainganga Expressway Private Limited, buy the company report.
Recent activity
Wainganga Expressway Private Limited has 18 board changes on record since 2011: 3 appointments and 15 cessations. The latest: Manish Kumar Agarwal ceased to be CFO on 22 Nov 2023.
12 earlier events are in the company report.
News
Frequently asked questions
Wainganga 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 02 June 2011 (15+ years old) and is registered under CIN U45203MH2011PTC264642.
Wainganga Expressway has 3 current directors:
- Sushil Kumar Singhania - Director
- Narayanan Neelakanteswaran - Director
- Saurabh - Director
The latest financial statements of Wainganga Expressway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Wainganga Expressway is 27AABCW1309E1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Wainganga Expressway is U45203MH2011PTC264642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wainganga Expressway has 10 court cases on record: 4 filed by the company and 6 filed against it. 4 are pending. Most are in the high courts.
Wainganga Expressway was incorporated on 02 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Wainganga Expressway has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in March 2023.
The peers of Wainganga Expressway by revenue are Nanguneri-Kanyakumari Tollway Private Limited, Bajrang Road Construction Private Limited, Apco Arasavalli Expressway Private Limited, Dholu Construction and Projects Limited, Rachana Infrastructure Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Manish Kumar Agarwal ceased to be CFO on 22 Nov 2023. Narayanan Neelakanteswaran ceased to be Additional Director on 02 Aug 2022. Sushil Kumar Singhania ceased to be Additional Director on 02 Aug 2022. Wainganga Expressway has 18 board changes on record in total.
Wainganga Expressway has 7 MSME Form 1 returns on record between 2019 and 2023, listing 41 overdue payments to 16 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Wainganga Expressway can be reached through the website jmcprojects.com. Its registered office is in Mumbai, Maharashtra, India.
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