Madhav (Phoolsagar Niwas Shahpura Corridor) Highways Private Limited - Company overview

Madhavcorp was incorporated on 1 March 2013 and is registered with ROC Ahmedabad.

2013-03-01 Vadodara, Gujarat Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹25–50 Cr
▼ -1.0%
FY 2023
PROFIT / LOSS
₹1–5 Cr
▲ 48.4%
FY 2023
EBITDA
₹10–25 Cr
▲ 5.3%
FY 2023
NET WORTH
₹50–100 Cr
▲ 8.4%
FY 2023
TOTAL ASSETS
₹50–100 Cr
▼ -7.5%
FY 2023
OPEN CHARGES
4
148.99 cr
PAID-UP CAPITAL
41.64 cr
AUTHORISED CAPITAL
42.64 cr
COMPANY AGE
13 Years 8 Months
since 2013-03-01
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-22
ACTIVE GST
1
Updated: 2025-06-19 20:44:02
TOTAL MONEY RAISED
₹25–50 Cr
SATISFIED CHARGES
1
15.00 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Madhavcorp covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Low risk
89/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (88), financial health (85), director (95) and company-foundation signals.
  • Operating for 13+ years.
Compliance Score Low risk
88/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score Low risk
85/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 2 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Madhavcorp Company identity, industry, contact, and registration details from MCA and company records.

Madhavcorp was incorporated on 1 March 2013 and is registered with ROC Ahmedabad. It is an active private limited company, now about 13 years old. Its registered office is at Madhav House Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat.

Its filings describe the main line of business as roads, railways, Utility projects, which made up 100% of turnover.

It has two directors: Chhatrasinh P Padhiar and Amit Khurana Ashok. The longest-serving is Amit Khurana Ashok, on the board since 2013; the most recent to join is Chhatrasinh P Padhiar, appointed in October 2017. Four former directors are on record; the most recent to leave was Manju Ashok Khurana in May 2019. Between them, the directors also sit on the boards of 44 other companies, including Madhav Urja Private Limited and Sol Kar Infrastructure Private Limited.

Paid-up capital stands at ₹41.64 crore out of ₹42.64 crore authorised. The last AGM on record was on 22 September 2025, for accounts made up to 31 March 2025. Four charges (secured loans) are still open, with Hdfc Bank Limited and Icici Bank Limited among the lenders, and one more has been paid off.

Infrastructure and Utilities ••••••••
  • Location Madhav House Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat - 390023
  • Website madhavcorp.com
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Legal NameMadhav (Phoolsagar Niwas Shahpura Corridor) Highways Private Limited
CIN / LLPINU45203GJ2013PTC073810
Company No.073810
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2013-03-01
Date of AGM2025-09-22
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Ahmedabad
Credit RatingBBB+ (Care)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Madhavcorp (2) Current board members from MCA filings, including designation and appointment details.

C
Chhatrasinh P Padhiar
Director | Since 2017-10-12 | DIN: 07964655
A
Amit Khurana Ashok
Director | Since 2013-03-28 | DIN: 00003626

Financial Performance of Madhavcorp Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹25–50 Cr ▼ -1.0%
P&L ₹1–5 Cr ▲ 48.4%
EBITDA ₹10–25 Cr ▲ 5.3%
Net worth ₹50–100 Cr ▲ 8.4%

Exact figures and labelled charts require an active report plan.

Verified entity values are shown only after access is granted.

Charges of Madhavcorp Open and satisfied charges registered against the company with MCA.

: 127.75 cr
Others : 40.12 cr
Icici Bank Limited : 11.00 cr
Hdfc Bank Limited : 11.55 Lakh
Open Charges: 4 Satisfied Charges: 1
Open 148.99 cr
Satisfied 15.00 cr
LenderAmountStatus
Hdfc Bank Limited
Creation Date: 01 May 2023
 11.55 Lakh Open
Others
Creation Date: 19 Dec 2016
 25.12 cr Open
Others
Creation Date: 24 Aug 2016
 15.00 cr Closed

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
ConstructionRoads, railways, Utility projects100

Companies With Common Directors Of Madhavcorp Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Madhav Urja Private Limited 2 Shared Directors
Sol Kar Infrastructure Private Limited 2 Shared Directors
Waa Solar (Kalibawadi) Private Limited 2 Shared Directors
Waa Solar (Narayanpura) Private Limited 2 Shared Directors
Waa Solar (Utawad) Private Limited 2 Shared Directors
Ai Bio Fuels Private Limited 1 Shared Director
Ash-A Restaurants Llp 1 Shared Director
Badi Baktara Toll Private Limited 1 Shared Director
D.A. Finvest Limited 1 Shared Director
Infinity Infrabuild Limited 1 Shared Director
Kriscon Services Private Limited 1 Shared Director
Madhav (Aaron Sindh Road) Private Limited 1 Shared Director
Madhav (Sehora Silodi Corridor) Highways Private Limited 1 Shared Director
Madhav Heights Private Limited 1 Shared Director
Madhav Infra Projects Limited 1 Shared Director
Madhav Infra Projects Private Limited 1 Shared Director
Madhav Power Private Limited 1 Shared Director
Madhav Solar (J) Private Limited 1 Shared Director
Madhav Vasistha Hydro Power Private Limited 1 Shared Director
Madhavsolar (Udaigarh) Private Limited 1 Shared Director
Mansha Textiles Pvt Ltd 1 Shared Director
Mipl Solar Bilehru Private Limited 1 Shared Director
Mipl Solar Dhamnod Private Limited 1 Shared Director
Mipl Solar Hanumantiya Private Limited 1 Shared Director
Mipl Solar Kakanwani Private Limited 1 Shared Director
Mipl Solar Katthiwada Private Limited 1 Shared Director
Mipl Solar Panchewa Private Limited 1 Shared Director
Mipl Solar Semliya Private Limited 1 Shared Director
Mipl Solar Thandla Private Limited 1 Shared Director
Msk Highways Limited 1 Shared Director
Msk Infrastructure And Toll Bridge Private Limited 1 Shared Director
Msk Projects (I) Private Limited 1 Shared Director
Msk Projects (India)(Jv)Limited 1 Shared Director
Rahatgarh Berkhedi Corridor Private Limited 1 Shared Director
Rb Realestate Private Limited 1 Shared Director
Sainergy Industrial Products Private Limited 1 Shared Director
Seabird Exploration Private Limited 1 Shared Director
Super Infrastructure And Toll Bridge Private Limited 1 Shared Director
Vikrama Architecture And Design Private Limited 1 Shared Director
Waa Solar (Awalda) Private Limited 1 Shared Director
Waa Solar (Satipura) Private Limited 1 Shared Director
Waa Solar (Talanpur) Private Limited 1 Shared Director
Waa Solar (Tawlai) Private Limited 1 Shared Director
Waa Solar Limited 1 Shared Director

Financial Ratios of Madhavcorp Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

8 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Madhavcorp Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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GST Compliance of Madhavcorp GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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MSME Payment Delays by Madhavcorp MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Madhavcorp Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Madhavcorp Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Madhavcorp?
MCA does not publish an "owner" field. Madhavcorp is run by its directors, Chhatrasinh P Padhiar and Amit Khurana Ashok. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Madhavcorp?
Madhavcorp has two current directors: Chhatrasinh P Padhiar (since October 2017) and Amit Khurana Ashok (since March 2013).
What is CIN of Madhavcorp?
The CIN of Madhavcorp is U45203GJ2013PTC073810. Reading it left to right: U means it is not listed, 45203 is the industry code it registered under, GJ is Gujarat, 2013 is the year it was registered, PTC is the company type and 073810 is its registration number.
When was Madhavcorp incorporated?
Madhavcorp was incorporated on 1 March 2013 with ROC Ahmedabad. That makes it about 13 years old.
What is the registered address of Madhavcorp?
The registered office on MCA records is Madhav House Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat - 390023.
What is the current status of Madhavcorp?
MCA shows Madhavcorp as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Madhavcorp?
You can post to its registered office at Madhav House Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat - 390023 and use its website, https://madhavcorp.com.
What industry or business activity is Madhavcorp associated with?
Its MCA filings list the main business as roads, railways, Utility projects (100% of turnover).
What is paid-up capital and authorised share capital of Madhavcorp?
Paid-up capital is ₹41.64 crore and authorised capital is ₹42.64 crore, so about 98% of the authorised amount has been issued.
When did Madhavcorp last file accounts and hold an AGM?
The last AGM on record was on 22 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Madhavcorp?
Four charges against Madhavcorp are still open and one has been satisfied. Lenders named in the filings include Hdfc Bank Limited and Icici Bank Limited.
Have any directors left Madhavcorp?
Yes, four former directors are on record. The most recent to leave were Manju Ashok Khurana (May 2019), Rasika Vikramsinh Chauhan (May 2019) and Ashok Khurana Madhavdas (September 2018).
Which companies share directors with Madhavcorp?
44 companies share directors with Madhavcorp. Among them are Madhav Urja Private Limited, Sol Kar Infrastructure Private Limited, Waa Solar (Kalibawadi) Private Limited and 41 more.
What is the turnover or revenue of Madhavcorp?
Based on filed financial statements, the revenue of Madhavcorp for FY 2023 was in the ₹25–50 Cr range. That is down 1.0% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Madhavcorp?
For FY 2023, the net worth of Madhavcorp was in the ₹50–100 Cr range.
How can I get the financial details of Madhavcorp?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Madhavcorp?
The website on record for Madhavcorp is https://madhavcorp.com.
Which company owns madhavcorp.com?
madhavcorp.com is the website listed for Madhav (Phoolsagar Niwas Shahpura Corridor) Highways Private Limited in its company records.
Madhavcorp - is it listed or unlisted?
Madhavcorp is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Madhavcorp?
Madhavcorp is registered with ROC Ahmedabad.
What is the company classification of Madhavcorp?
MCA classifies Madhavcorp as: Private Limited Indian Non-Government Company.
Does Madhavcorp have GST registrations on file?
Yes, one active GST registration is linked to Madhavcorp.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.