About Walayar Vadakkencherry Expressways Private Limited
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Walayar Vadakkencherry Expressways Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Cube Highways And Infrastructure Iii Pte. Ltd.. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 16 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45209DL2012PTC423717. Its GSTIN is 32AAECK8765F1ZF (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹90 Lakh. It was formerly known as Knr Walayar Tollways Private Limited. It is led by directors including Abhijit Saukhyashil Sathe and Deepan Hemantkumar Shah.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 376 Upper Ground Floor, Nirman Vihar, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2023, the company reported a revenue of ₹98.72 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹21.65 Cr (net margin -21.9%) and EBITDA of ₹57.2 Cr (EBITDA margin 57.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 14% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹193.45 Cr and satisfied charges of ₹706.9 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it. The company has 4 deals on record (2 acquisitions, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹303.38 Cr; the latest was in April 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 Shankarampet Projects Private Limited with revenue of ₹67.19 Cr. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 21 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 knrcl.com.
Company details
CIN history
Walayar Vadakkencherry Expressways has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45209DL2012PTC423717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45209DL2012PTC423717 | Current |
| U45209TG2012PTC082527 | Previous |
| U45209AP2012PTC082527 | Previous |
Contact details
Walayar Vadakkencherry Expressways Private Limited's registered office is in New Delhi, Delhi. Its website is knrcl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 376 Upper Ground Floor, Nirman Vihar, New Delhi, Delhi, India – 110092
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Walayar Vadakkencherry Expressways 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
Financials of Walayar Vadakkencherry Expressways Private Limited
FY 2025 filings availableWalayar Vadakkencherry Expressways Private Limited reported revenue of ₹98.72 Cr (up 49% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 49% growth in the latest year. EBITDA rose 219% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹98.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹57.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.65 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.9% | ||||
| Net Profit Margin | -21.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Walayar Vadakkencherry Expressways Private Limited, buy the company report.
Board of directors of Walayar Vadakkencherry Expressways Private Limited
Walayar Vadakkencherry Expressways has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijit Saukhyashil Sathe | Director | 10 Sep 2023 | 3 Years 1 Months | Current |
| Deepan Hemantkumar Shah | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
| Himanshu Luthra | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Walayar Vadakkencherry Expressways 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 |
|---|---|---|---|---|---|---|
| Walayar Vadakkencherry Expressways Private Limitedthis company | ₹98.72 Cr (FY 2023) | -₹21.65 Cr | -21.9% | 49.0% | 23 | New Delhi, Delhi, India |
| Shankarampet Projects Private Limited | ₹67.19 Cr (FY 2025) | -7.0% | Delhi, India | |||
| North Bihar Highway Limited. | ₹66.45 Cr (FY 2025) | -72.0% | Gurgaon, Haryana, India | |||
| Gawar Khajuwala Bap Highway Private Limited | ₹66.28 Cr (FY 2025) | 19.0% | Gurgaon, Haryana, India | |||
| Indicon Construction Private Limited | ₹66.05 Cr (FY 2024) | 9.0% | Pune, Maharashtra, India | |||
| Shashi Structural Engineers Private Limited | ₹65.68 Cr (FY 2023) | 28.0% | Pune, Maharashtra, India | |||
| Patel KNR Infrastructures Limited | ₹65.64 Cr (FY 2025) | -51.0% | Mumbai, Maharashtra, India | |||
| Sant Gadge Baba Infra Private Limited | ₹65.57 Cr (FY 2024) | 57.0% | Buldhana, Maharashtra, India | |||
| SSR Crest Engineers and Constructions Limited | ₹65.48 Cr (FY 2025) | -34.0% | Hyderabad, Telangana, India | |||
| Nagaur Mukundgarh Highways Private Limited | ₹65.31 Cr (FY 2025) | -23.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Walayar Vadakkencherry Expressways Private Limited, buy the company report.
Auditor
Walayar Vadakkencherry Expressways Private Limited is audited by S.B. Billimoria & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.B. Billimoria & Co. LLP | FY 2023 | 101496W/W-100774 |
Shareholding
The shareholding of Walayar Vadakkencherry Expressways 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 Walayar Vadakkencherry Expressways Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2023 | 100717296 | Sbicap Trustee Company Limited | ₹193.45 Cr | Open | |
| 18 Dec 2020 | 100400364 | Others | ₹206.9 Cr | Satisfied | |
| 13 May 2013 | 10433964 | Centbank Financial Services Limited | ₹500 Cr | Satisfied |
To see the full charge records of Walayar Vadakkencherry Expressways Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Walayar Vadakkencherry Expressways Private Limited has 4 deals on record (2 acquisitions, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹303.38 Cr; the latest was in April 2023.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: Cube Highways Trust & Sandeep Lakhanpal, Cube Highways Trust Seller: Cube Highways & Infrastructure Pte Ltd & Sandeep Lakhanpal, Cube Highways and Infrastructure |
| Sep 2020 | Debt financing | ₹303.38 Cr | Investors: Cube Highways and Infrastructure |
| Jan 2020 | Acquisition | ₹5 Cr | Buyer: Cube Highways and Infrastructure Seller: KNR Constructions Limited , KNR Constructions Limited & Kamidi Narsimha Reddy, KNR Constructions Limited & Kamidi Jalandhar Reddy |
| May 2013 | Acquisition | ₹89 Lakh | Buyer: KNR Constructions Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Walayar Vadakkencherry Expressways Private Limited has 6 court cases on record: 2 filed by Walayar Vadakkencherry Expressways, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (T) (COMM.)) | Filed against the company by National Highways Authority of India | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by National Highway Authority of India | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against National Highways Authority of India | Disposed |
| High Court | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Walayar Vadakkencherry Expressways 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
Walayar Vadakkencherry Expressways Private Limited was last rated by Crisil on 29 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Apr 2021 |
To see the full credit ratings and regulatory alerts of Walayar Vadakkencherry Expressways Private Limited, buy the company report.
MSME payment delays
Walayar Vadakkencherry Expressways Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Wise Travel India Limited | |||
| Capstech Network Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Walayar Vadakkencherry Expressways Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Walayar Vadakkencherry Expressways Private Limited has a workforce of 23 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Walayar Vadakkencherry Expressways has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECK8765F1ZF | Kerala | Active | 01 Jul 2017 |
| 09AAECK8765F1Z4 | Uttar Pradesh | Active | 30 Oct 2020 |
To see the full GST registrations and return filing status of Walayar Vadakkencherry Expressways Private Limited, buy the company report.
Recent activity
Walayar Vadakkencherry Expressways Private Limited has 12 board changes on record since 2019: 3 appointments and 9 cessations. The latest: Abhijit Saukhyashil Sathe ceased to be Additional Director on 29 Sep 2024.
10 earlier events are in the company report.
News
Frequently asked questions
Walayar Vadakkencherry Expressways is an active private limited company based in New Delhi, Delhi, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 16 August 2012 (14+ years old) and is registered under CIN U45209DL2012PTC423717.
Walayar Vadakkencherry Expressways has 3 current directors:
- Abhijit Saukhyashil Sathe - Director
- Deepan Hemantkumar Shah - Director
- Himanshu Luthra - Director
The latest financial statements of Walayar Vadakkencherry Expressways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Walayar Vadakkencherry Expressways is 32AAECK8765F1ZF, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAECK8765F1Z4 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Walayar Vadakkencherry Expressways is U45209DL2012PTC423717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Walayar Vadakkencherry Expressways has 6 court cases on record: 2 filed by the company and 4 filed against it.
Walayar Vadakkencherry Expressways was incorporated on 16 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Walayar Vadakkencherry Expressways has 4 deals on record (2 acquisitions, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹303.38 Cr; the latest was in April 2023.
The peers of Walayar Vadakkencherry Expressways by revenue are Shankarampet Projects Private Limited, North Bihar Highway Limited, Gawar Khajuwala Bap Highway Private Limited, Indicon Construction Private Limited, Shashi Structural Engineers Private Limited and 4 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Abhijit Saukhyashil Sathe ceased to be Additional Director on 29 Sep 2024. Abhijit Saukhyashil Sathe was appointed as Director on 10 Sep 2023. Deepan Hemantkumar Shah ceased to be Additional Director on 22 Aug 2023. Walayar Vadakkencherry Expressways has 12 board changes on record in total.
Walayar Vadakkencherry Expressways has 6 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 21 micro and small suppliers. The latest return was filed on 31 Oct 2023.
Walayar Vadakkencherry Expressways can be reached through the website knrcl.com. Its registered office is in New Delhi, Delhi, India.