Highway Infrastructure Limited was originally formed as a partnership firm under the Partnership Act, 1932 in the name of ‘M/s Highway Enterprises’ pursuant to a deed of partnership dated January 05, 1995. Thereafter, vide a conversion of the partnership firm to a joint stock company/ private limited company, the company was incorporated as ‘Highway Infrastructure Private Limited’, under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated on February 10, 2006, issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh at Gwalior. Subsequently, pursuant to a special resolution passed by its Shareholders at an extra-ordinary general meeting held on April 25, 2018, the company was converted from a private limited company to a public limited company and the name of the company was changed to ‘Highway Infrastructure Limited’ and fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Madhya Pradesh at Gwalior (RoC) on May 04, 2018.

Highway Infrastructure is an infrastructure development and management company. The company is engaged in the business of tollway collection, EPC Infra and real estate business. While the company’s business spans facets of infrastructure development and management, tollway collection stands out as a significant mix of its business, driving its revenues and financial performance followed by EPC Infra business which comprises of executing construction development projects of different types like roads, bridges, tanks, irrigation related construction and civil buildings etc., for customers.

The company is one of the few toll operators who have managed tollway collection based on Automatic Number Plate Recognition (ANPR) technology. The company employs updated Electronic Tollway Collection (ETC) systems, which leverage Radio Frequency Identification (RFID) tags and digital payment platforms to facilitate seamless and contactless toll payments. This model not only reduces congestion at toll plazas but also enhances operational efficiency by reducing transaction times and errors, thereby resulting in overall better management.

Its projects usually use both fund-based and non-fund-based banking facilities to meet the working capital requirements. Fund-based facilities provide the cash flow to cover its operating expenses, while non-fund-based facilities such as bank guarantees, etc. are used by the company to offer as a security under bid terms and are crucial for securing contracts in its EPC Infra and tollway collection projects. For securing bank guarantees, it needs to provide cash margin in the form of fixed deposits. The requirement to set aside incremental cash margins for additional contracts contributes to the overall need for higher working capital.

Business area of the company

The company is engaged in the business of tollway collection, EPC Infra and real estate business. While the company’s business spans facets of infrastructure development and management, tollway collection stands out as a significant mix of its business.

Awards, accreditations or recognitions

• 2012: The company was certified as a member of the confederation of Real Estate Developers’ Association of India (CREDAI).
• 2018: The company was awarded status as a patron member of Builders Association of India, Indore.

History and milestones

• 2012: Entered into a joint development agreement for construction and development of a colonial area on the land of the Company- ‘Karuna Sagar Project’ admeasuring 2.689 hectare (i.e. 6.64 Acre) situated at Kanadia Road, Indore, Madhya Pradesh, India.
• 2013: Construction and development ‘Newwyork City Project’ on the land of the Company admeasuring 5.2510 hectare (I.e. 12.987 Acre), situated in Village Nihalpur, Indore, Madhya Pradesh, India.
• 2018: The company was converted from a Private Limited Company to Public Limited Company. Subsequently, the name clause of the company was changed from “Highway Infrastructure Private Limited’ to ‘Highway Infrastructure Limited’.
• 2018: Constructed houses and infrastructure for various slum localities in Indore, Madhya Pradesh under the PMAY scheme of the Government of India to facilitate affordable housing.
• 2020: The company’s first tollway collection project for Daroda Fee Plaza of the Borkhedi-Wadner Section of the NH-7 Maharashtra.
• 2021: The company won the tender for the engagement of user fee collection agency for the Mokha Fee Plaza of Gandhidham (Kandla) Mundra Port, Gujarat.
• 2023: The company operated ANPR technology toll on the Delhi-Meerut Expressway.
• 2024: The company won the tollway collection project in Rolla Village situated in Telangana marking its first entry in southern India.