It Expressway Limited

Manages road infrastructure projects, including toll rates and maintenance, for IT corridor and LRP.

2003 | Chennai, Tamil Nadu (India) | Active
Last Updated: October 15, 2024

It Expressway Profile

Key Indicators

  • Authorised Capital ₹ 90.00 Cr
  • Paid Up Capital ₹ 44.05 Cr
  • Company Age 21 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 180.00 Cr
  • Revenue Growth 8.50%
  • Profit Growth 81.77%
  • Ebitda 1165.55%
  • Net Worth -1.80%
  • Total Assets -1.27%

About It Expressway

It Expressway Limited (IEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 April 2003 and has a history of 21 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Infrastructure And Utilities Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 90.00 Cr and a paid-up capital of Rs 44.05 Cr.

The company has closed loans amounting to ₹180.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at It Expressway Limited India are Loganathan Vijayan as CFO and Preetha Sundaramurthy as Company Secretary. Senthil Kumar, Ramasamy Selvaraj, and Setty Ayyappan serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    itel.tnrdc.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U45203TN2003PLC050703

  • Company No.

    050703

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Apr 2003

  • Date of AGM

    28 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Infrastructure and Utilities

Who are the key members and board of directors at It Expressway?

Executive Team (3)

NameDesignationAppointment DateStatus
Ramasamy Selvaraj Country flag representing In Managing Director05-Apr-2024Current
Loganathan Vijayan CFO10-Mar-2016Current
Preetha Sundaramurthy Company Secretary09-Nov-2015Current

Board Members (2)

NameDesignationAppointment DateStatus
Senthil Kumar Country flag representing In Director 01-Oct-2012Current
Setty Ayyappan Country flag representing In Director 19-Nov-2021Current

Financial Performance of It Expressway.

It Expressway Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.5% increase. The company also saw a substantial improvement in profitability, with a 81.77% increase in profit. The company's net worth dipped by a decrease of 1.8%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
8.50%
Revenue from Operations
2.82%
Total Assets
-1.27%
Profit or Loss
81.77%
Net Worth
-1.80%
EBITDA
1165.55%

What is the Ownership and Shareholding Structure of It Expressway?

In 2023, It Expressway had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹180.00 Cr

Charges Breakdown by Lending Institutions

  • Vijaya Bank : 65.00 Cr
  • : 65.00 Cr
  • Indian Bank : 50.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Mar 2008Vijaya Bank₹65.00 CrSatisfied
13 Feb 2006₹65.00 CrSatisfied
13 May 2005Indian Bank₹50.00 CrSatisfied

How Many Employees Work at It Expressway?

It Expressway has a workforce of 50 employees as of Oct 15, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of It Expressway, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped It Expressway's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on It Expressway

Recent activity within the organization

  • Director Appointment

    Ramasamy Selvaraj was appointed as a Managing Director was appointed as a Managing Director on 05 Apr 2024 & has been associated with this company since 10 months 18 days .

    05 Apr 2024

  • Annual General Meeting

    It Expressway Limited last Annual general meeting of members was held on 28 Dec 2023 as per latest MCA records.

    28 Dec 2023

  • Balance Sheet

    It Expressway Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Setty Arumugam Ayyappan was appointed as a Director was appointed as a Director on 19 Nov 2021 & has been associated with this company since 3 years 3 months .

    19 Nov 2021

  • Charges

    A charge registered on 13 Feb 2006 with was fully satisfied on 14 Oct 2016.

    14 Oct 2016

  • Director Appointment

    Loganathan Vishnu Vijayan was appointed as a Cfo was appointed as a Cfo on 10 Mar 2016 & has been associated with this company since 8 years 11 months .

    10 Mar 2016

Frequently asked questions

  • It Expressway Limited was incorporated on 17 Apr 2003.

  • The authorized share capital of It Expressway Limited is ₹ 90.00 Cr and paid-up capital is ₹ 44.05 Cr.

  • Currently 5 directors are associated with It Expressway Limited.

    • Senthil Kumar
    • Ramasamy Selvaraj
    • Setty Arumugam Ayyappan
    • Loganathan Vishnu Vijayan
    • Preetha Sundaramurthy
  • As per Ministry of Corporate Affairs (Mca), the registered address of It Expressway Limited is 171 Ii Floor South Kesavaperumal Puram Pasumpon Muthuramalingam Road (Greenways Road) R, A Puram, Chennai, Tamil Nadu, India, 600028.

  • The corporate identification number (CIN) of It Expressway Limited is U45203TN2003PLC050703 and the company number is 050703 as per Ministry of Corporate Affairs (MCA).

  • The Official website of It Expressway Limited is https://www.itel.tnrdc.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for It Expressway Limited has risen by 8.50%.

  • As Per 2023 financial reports, 50 employees are currently employed by It Expressway Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of It Expressway Limited has experienced an downturn of -1.80%.

  • The most recent Balance Sheet for It Expressway Limited was filed with the ROC on 31 Mar 2023.

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