Mahua Bharatpur Expressways Limited - Company overview

Mbel was incorporated on 23 March 2005 and is registered with ROC Delhi.

2005-03-23 New Delhi, Delhi 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
₹100–500 Cr
▲ 7.9%
FY 2025
PROFIT / LOSS
₹25–50 Cr
▲ 106.1%
FY 2025
EBITDA
₹50–100 Cr
▲ 4.9%
FY 2025
NET WORTH
₹25–50 Cr
▲ 1441.9%
FY 2025
TOTAL ASSETS
₹100–500 Cr
▼ -30.4%
FY 2025
OPEN CHARGES
1
-
PAID-UP CAPITAL
99.36 cr
AUTHORISED CAPITAL
100.00 cr
COMPANY AGE
21 Years 7 Months
since 2005-03-23
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-15
ACTIVE GST
3
Updated: 2025-06-19 18:47:26
TOTAL MONEY RAISED
₹100–500 Cr
SATISFIED CHARGES
5
664.70 cr

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

Health scores for Mbel 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
80/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (81), financial health (70), director (85) and company-foundation signals.
  • Operating for 21+ years.
Compliance Score Low risk
81/100
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 Moderate
70/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2025.
  • Positive net worth.
Director Risk Score Low risk
85/100
Board strength, DIN status and churn.
  • 7 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 Mbel Company identity, industry, contact, and registration details from MCA and company records.

Mbel was incorporated on 23 March 2005 and is registered with ROC Delhi. It is an active public limited company, now about 21 years old. Its registered office is at B-376, Upper Ground Floor, Nirman Vihar, New Delhi, Delhi. It was earlier known as Madhucon Agra-Jaipur Expressways Limited.

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

It has seven directors: Ashok Sethi, Abhijit Saukhyashil Sathe, Mahendra Pal and 4 others. The longest-serving is Mahendra Pal, on the board since 2020; the most recent to join is Manish Gupta, appointed in August 2023. 27 former directors are on record; the most recent to leave was Mridul Gupta in August 2023. Between them, the directors also sit on the boards of 12 other companies, including N.A.M.Expressway Limited and Alpha Alternatives Msar LLP.

Paid-up capital stands at ₹99.36 crore out of ₹100 crore authorised. The last AGM on record was on 15 September 2025, for accounts made up to 31 March 2025. One charge (secured loan) is still open, and five more have been paid off.

Infrastructure and Utilities ••••••••
  • Location B-376, Upper Ground Floor, Nirman Vihar,, New Delhi, Delhi - 110092
  • Website mbel.co.in
Name History
Legal NameMahua Bharatpur Expressways Limited
CIN / LLPINU45203DL2005PLC329746
Company No.329746
ClassificationPublic Limited Indian Non-Government Company
Incorporation Date2005-03-23
Date of AGM2025-09-15
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Delhi
Credit RatingAAA (Crisil)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Mbel (7) Current board members from MCA filings, including designation and appointment details.

A
Ashok Sethi
Director | Since 2023-08-29 | DIN: 02840833
A
Abhijit Saukhyashil Sathe
Director | Since 2023-08-29 | DIN: 10043844
M
Mahendra Pal
CEO | Since 2020-07-01
S
Saurabh Bansal
Director | Since 2022-11-09 | DIN: 09783919
D
Divya
Company Secretary | Since 2022-11-09
D
Devendra Kumar Sharma
CFO | Since 2022-03-01

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

Estimated bands · FY 2025
Revenue ₹100–500 Cr ▲ 7.9%
P&L ₹25–50 Cr ▲ 106.1%
EBITDA ₹50–100 Cr ▲ 4.9%
Net worth ₹25–50 Cr ▲ 1441.9%

Exact figures and labelled charts require an active report plan.

Verified entity values are shown only after access is granted.

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

Others : 400.00 cr
Sbicap Trustee Company Limited : 230.00 cr
State Bank Of India : 21.75 cr
Andhra Bank : 6.52 cr
Open Charges: 1 Satisfied Charges: 5
Open -
Satisfied 664.70 cr
LenderAmountStatus
Others
Creation Date: 20 Dec 2017
 192.00 cr Open
Others
Creation Date: 21 Sep 2016
 208.00 cr Closed
Andhra Bank
Creation Date: 16 Nov 2015
 6.52 cr Closed

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

Activity GroupDescriptionTurnover %
ConstructionRoads, railways, Utility projects100

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

11 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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

10 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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GST Compliance of Mbel 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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Credit Ratings, Litigation & Regulatory Alerts for Mbel Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Mbel 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 Mbel 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 Mbel Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Mbel?
MCA does not publish an "owner" field. Mbel is run by its directors, Ashok Sethi, Abhijit Saukhyashil Sathe, Mahendra Pal and four others. 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 Mbel?
Mbel has seven current directors: Ashok Sethi (since August 2023), Abhijit Saukhyashil Sathe (since August 2023), Mahendra Pal (since July 2020), Saurabh Bansal (since November 2022), Divya (since November 2022) and Devendra Kumar Sharma (since March 2022), plus 1 more.
What is CIN of Mbel?
The CIN of Mbel is U45203DL2005PLC329746. Reading it left to right: U means it is not listed, 45203 is the industry code it registered under, DL is Delhi, 2005 is the year it was registered, PLC is the company type and 329746 is its registration number.
When was Mbel incorporated?
Mbel was incorporated on 23 March 2005 with ROC Delhi. That makes it about 21 years old.
What is the registered address of Mbel?
The registered office on MCA records is B-376, Upper Ground Floor, Nirman Vihar, New Delhi, Delhi - 110092.
What is the current status of Mbel?
MCA shows Mbel as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Mbel?
You can post to its registered office at B-376, Upper Ground Floor, Nirman Vihar, New Delhi, Delhi - 110092 and use its website, https://mbel.co.in.
What industry or business activity is Mbel 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 Mbel?
Paid-up capital is ₹99.36 crore and authorised capital is ₹100 crore, so about 99% of the authorised amount has been issued.
When did Mbel last file accounts and hold an AGM?
The last AGM on record was on 15 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Mbel?
One charge against Mbel is still open and five have been satisfied. Lenders named in the filings include Andhra Bank, State Bank Of India and Sbicap Trustee Company Limited.
Have any directors left Mbel?
Yes, 27 former directors are on record. The most recent to leave were Mridul Gupta (August 2023), Akhil Kumar Jain (June 2023) and Anoop Marwaha (September 2021).
Which companies share directors with Mbel?
12 companies share directors with Mbel. Among them are N.A.M.Expressway Limited, Alpha Alternatives Msar LLP, Andhra Pradesh Expressway Private Limited and 9 more.
What is the turnover or revenue of Mbel?
Based on filed financial statements, the revenue of Mbel for FY 2025 was in the ₹100–500 Cr range. That is up 7.9% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Mbel?
For FY 2025, the net worth of Mbel was in the ₹25–50 Cr range.
How can I get the financial details of Mbel?
The latest accounts on record are for FY 2025. 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 Mbel?
The website on record for Mbel is https://mbel.co.in.
Which company owns mbel.co.in?
mbel.co.in is the website listed for Mahua Bharatpur Expressways Limited in its company records.
Mbel - is it listed or unlisted?
Mbel 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 Mbel?
Mbel is registered with ROC Delhi.
What is the company classification of Mbel?
MCA classifies Mbel as: Public Limited Indian Non-Government Company.
Does Mbel have GST registrations on file?
Yes, 3 active GST registrations are linked to Mbel, usually one per state it operates in.

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.