Promoter holding
64.27%
IE
It Expressway Limited - Due diligence report
A 360° intelligence report on It Expressway Limited: trust score, financial health, credit view, compliance, directors, growth and distress …
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It Expressway Limited — 360° Intelligence Report
Generated from MCA filings & public records77/100
Trust Score
Low Risk
It Expressway Limited is assessed as Low Risk with a Trust Score of 77/100. It Expressway Limited is an active public limited indian non-government company incorporated in 2003, operating in the Infrastructure and Utilities sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.
Report generated on 09 Jul 2026 from the latest processed filings. It Expressway Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
74/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
Charges position: 0 open (-) · 3 satisfied (180.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Vijaya Bank | 1 | 48.0 cr |
| 1 | 48.0 cr | |
| Indian Bank | 1 | 48.0 cr |
Compliance Score: 74/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GITAKRISHNANRAMADURAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEIVASIGAMANI BASKARAPANDIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SETTY ARUMUGAM AYYAPPAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LOGANATHAN VISHNU VIJAYAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMASAMY SELVARAJ | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PREETHA SUNDARAMURTHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chandrasekaran Baskar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SENTHIL KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALASUBRAMANIAN VENKATESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BRAJENDRA NAVNIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Selvaraj Maheswari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 7 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Tamil Nadu Road Development Company Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 3 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Tamil Nadu Road Development Company Limited | Holding Company | 74.00% |
Key managerial personnel: DEIVASIGAMANI BASKARAPANDIAN (Managing Director) · LOGANATHAN VISHNU VIJAYAN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 80
Growth signals & trust indicators
Operating for 23+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment65/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance record supports lending.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Director ceased
GITAKRISHNANRAMADURAI
26 Sep 2025
Director appointed
GITAKRISHNANRAMADURAI (Director)
21 Aug 2025
Director appointed
Selvaraj Maheswari (Nominee Director)
05 Aug 2025
Director ceased
Chandrasekaran Baskar
27 Mar 2025
Director ceased
BALASUBRAMANIAN VENKATESH
21 Mar 2025
Director appointed
BALASUBRAMANIAN VENKATESH (Director)
Director appointed
BRAJENDRA NAVNIT (Nominee Director)
11 Mar 2025
Director ceased
KUMAR JAYANT
10 Feb 2025
Director appointed
DEIVASIGAMANI BASKARAPANDIAN (Managing Director)
29 Nov 2024
Last AGM held
Annual general meeting
28 Aug 2024
Director appointed
Chandrasekaran Baskar (Nominee Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
24 Jan 2024
Director appointed
RAMASAMY SELVARAJ (Director)
27 Dec 2023
Director ceased
SUNDARARAJU PRABHAKAR
Director ceased
SUNDARAVADIVELU GIRIRAJKUMAR
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 3 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Arks Universal Private Limited | U45100UR2011PTC000023 | Dehradun, Uttarakhand, India |
| Pdc Infraprojects Private Limited | U45200GJ2014PTC079993 | Ahmedabad, Gujarat, India |
| Emphoria Works Private Limited | U93090OR2017PTC027272 | Cuttack, Orissa, India |
| Vij Engineers And Consultants | U74210HR2001PTC088599 | Bahadurgarh, Haryana, India |
| Aidhi Projects Private Limited | U70200DL2010PTC201036 | New Delhi, Delhi, India |
| Hmp Contractors Private Limited | U45201MH2018PTC309418 | Nashik, Maharashtra, India |
| Networthsystems Private Limited | U35999KA2018PTC109589 | Bangalore South, Karnataka, India |
| Malaxmi Highway Private Limited | U45203TG2006PTC050284 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify It Expressway Limited before audits and certifications: compliance score 74/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of It Expressway Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for It Expressway Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether It Expressway Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for It Expressway Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is It Expressway Limited an active company?
It Expressway Limited has MCA status “Active” with a compliance score of 74/100 (Moderate).
Is It Expressway Limited financially healthy?
It Expressway Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with It Expressway Limited?
Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls It Expressway Limited?
The ultimate holding entity is Tamil Nadu Road Development Company Limited. 11 active director(s) are on record.
Does It Expressway Limited have loans or charges against its assets?
No open charges - all 3 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is It Expressway Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 74/100 (Moderate).
Is it risky to lend to It Expressway Limited?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
