Indian Highways Management Company
IHMCL is the NHAI-promoted government-mandated agency operating India's National Electronic Toll Collection (NETC) and FASTag RFID platform across 1,400+ toll plazas, serving vehicle owners, commercial fleets, 26 issuing banks, and highway concessionaires.
- Company typePrivate
- Founded2012
- HeadquartersNew Delhi, India
- Headcount101–250
- GTM typeB2B
- OfferingServices
Indian Highways Management Company firmographics
Firmographics- Name
- Indian Highways Management Company
- Legal name
- Indian Highways Management Company Limited
- Website
- https://ihmcl.co.in
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- IHMCL is the NHAI-promoted government-mandated agency operating India's National Electronic Toll Collection (NETC) and FASTag RFID platform across 1,400+ toll plazas, serving vehicle owners, commercial fleets, 26 issuing banks, and highway concessionaires.
- Ownership category
- akta.pro rank
Where Indian Highways Management Company is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Indian Highways Management Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Toll Transaction Processing Fees: IHMCL manages the NETC clearing house for toll transactions, charging issuer banks a program management fee of 1% of transaction value for clearing, settlement, and dispute management services.
- Parking Fee Collection Services: IHMCL collects parking charges on behalf of municipal corporations like SDMC through FASTag at parking facilities, earning agency charges at 1% of transaction value.
- FASTag Issuance and Wallet Services: Revenue generated from NHAI FASTag sales through point-of-sale locations, with tag costs regulated at maximum Rs. 100 including GST, plus security deposit and recharge amounts.
- MLFF System Implementation: ICICI Bank developed the MLFF system under an operating expenditure model where the bank covers project costs in exchange for a share of toll revenue, with no government expenditure required.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard FASTag Tag |
| Subscription | Annual | FASTag Annual Pass |
| Subscription | Monthly | Digital Monthly Pass for Locals |
| Other | Pay-as-you-go | Exempted FASTag |
| Subscription | Monthly | Monthly Toll Pass |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels10 records
Indian Highways Management Company product offering
Product offeringCore offering
Indian Highways Management Company Limited (IHMCL) implements and operates India's National Electronic Toll Collection (NETC) program, including the FASTag RFID-based electronic toll collection system used across national and state highways. The company serves as a central clearing house for electronic toll transactions, processing toll payments through interoperable RFID technology and distributing revenues to highway concessionaires. It is also expanding into Multi-Lane Free Flow (MLFF) barrier-less tolling technology for next-generation highway toll management.
Product overview
IHMCL operates as a platform-based infrastructure management company offering electronic toll collection and highway operations technology. The core offering centers on the NETC (National Electronic Toll Collection) Program and FASTag RFID system, which together enable interoperable toll payments across India's National and State Highways. This core platform is augmented by the Multi-Lane Free Flow (MLFF) barrier-less tolling system as a major upgrade, along with supporting services including the 1033 Highway Helpline, Traffic Survey System, and various FASTag pass products (Monthly, Annual, Exempted). The My FASTag and Rajmarg Yatra mobile apps provide consumer-facing interfaces for tag management and real-time highway information. The company is expanding MLFF tolling to approximately 200 plazas by FY27 and exploring GNSS-based tolling as a future technology.
Differentiator
Problem solved
Functional benefit
Products and services
- FASTag RFID-based electronic toll collection sticker/tag affixed to vehicle windshields, enabling automatic deduction of toll charges at toll plazas across India's national and state highways for vehicle owners.
- National Electronic Toll Collection (NETC) Program Central clearing house platform enabling interoperable electronic toll payments across all highway toll operators and FASTag-issuing banks in India, supporting seamless nationwide toll transactions for highway authorities, concessionaires, and banks.
- Multi-Lane Free Flow (MLFF) Tolling Planned barrier-less electronic toll collection system using RFID and ANPR technologies to enable free-flow tolling without physical toll booths, intended to reduce congestion at highway toll plazas for highway authorities and concessionaires.
- State Highway Electronic Tolling Advisory and Implementation Services Advisory and project management services for state governments implementing electronic toll collection on state highways under the NETC framework.
Quantifiable outcome
- Toll collection operational costs reduced from 15% to 3-4%
- +5 more outcomes
Companies that use Indian Highways Management Company
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles3 records
Indian Highways Management Company technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature7 records
Indian Highways Management Company partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered strategic, major, innovation, regional and core.
- C-DACstrategicC-DAC developing unified trauma response system software as part of government efforts to integrate multiple emergency numbers through the 112 National Emergency Response System.
- ICICI BankmajorDeveloped India's first MLFF barrier-free toll system at Choryasi under operating expenditure model where bank covers project costs in exchange for toll revenue share.
- TrucksUpmajorMoU signed for enhancing safety and efficiency on national highways. TrucksUp integrates Rajmargyatra App providing real-time safety alerts, geo-tagged hazard reporting for potholes and broken barriers, emergency helpline access, and Vishisht Saarthi safe driving program.
- National Forensic Sciences UniversitystrategicThree-year MoU to strengthen digital security and data protection. University provides technical guidance for establishing cyber forensics and multimedia analysis laboratories, specialized training programs for MLFF, ANPR, and Traffic Management Systems.
- MeitY Start-up HubinnovationCollaborated for hackathon on barrier-less tolling and Intelligent Traffic Management System (ITMS), fostering technology-driven solutions from Indian tech start-ups. Provided Rs. 10 lakh seed money for Proof of Concept.
- ISROinnovationStakeholder in GNSS-based tolling workshop, providing satellite signal expertise for geo-fenced virtual tolling points using multi-constellation including NaVIC and GPS.
- South Delhi Municipal Corporation (SDMC)regionalPartnership for implementing RFID-based FASTag parking facility at Dwarka Sector-14 Metro Station, enabling cashless parking payments with IHMCL collecting and remitting charges.
- GST Network (GSTN)majorMoU signed for integrating E-Way Bill system with FASTag to enhance track and trace mechanism for GST E-Way Bill and check revenue leakage at toll plazas. Integration became mandatory pan-India from April 2020.
- Oil Marketing CompaniesmajorMoUs signed for NHAI FASTag issuance through petrol pumps, expanding distribution network to thousands of fuel stations across India for convenient customer access.
- National Payments Corporation of India (NPCI)coreNPCI functions as Central Clearing House (CCH) providing clearing and settlement services for NETC FASTag transactions, dispute management, and payment gateway services.
- 26 Certified Issuer Bankscore26 banks certified by IHMCL for FASTag issuance to customers, providing account management, wallet services, and customer support. Includes major banks like SBI, ICICI, HDFC, Axis, etc.
- 12 Acquiring Bankscore12 banks certified to carry out acquiring services at toll plazas, processing transactions from issuer banks and settling with concessionaires.
- National Highways Authority of India (NHAI)coreNHAI jointly with concessionaires and financial institutions incorporated IHMCL on December 26, 2012 under Companies Act, 1956. NHAI holds 41.38% equity stake as primary shareholder and parent organization mandated to implement electronic tolling on national highways.
- ConcessionairescoreHighway concessionaires holding 33.81% equity stake in IHMCL, participating in electronic tolling implementation and operations.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Indian Highways Management Company competitors and assessment
Company assessmentEmerging players
- Neology: US-based provider of RFID-based tolling and mobility solutions, including 6C-compliant tags and MLFF systems. Comparable in technology stack but smaller and more regional than IHMCL's nationwide scale.
Broad incumbents
- Telepass: Italian electronic toll service provider within the Autostrade per l'Italia ecosystem, offering interoperable toll tags, parking, and mobility payments. Comparable in operating an interoperable national toll payment platform with adjacent mobility services.
- Atlantia (Autostrade per l'Italia): One of the world's largest toll road operators and concessionaires, operating a national highway network with integrated electronic tolling. Comparable as a toll-road concessionaire but a broader incumbent with road-asset ownership alongside tolling technology.
Direct peers
- Q-Free ASA: Norwegian vendor of ETC, road toll collection, and traffic management technology, including MLFF and GNSS-based solutions. Directly comparable in product scope (toll tags, readers, central system) and customer base (national highway operators).
- EFKON GmbH: Austrian supplier of electronic toll collection systems including RFID tags, readers, MLFF gantries, and GNSS-based tolling. Comparable as a vendor competing for the same government tolling mandates internationally.
- TransCore: US-based tolling and traffic management technology provider, supplying RFID-based toll tags, readers, and back-office systems to highway authorities. Closely comparable in core product offering and deployment model.
- Kapsch TrafficCom: Global provider of electronic toll collection (ETC) and intelligent transportation systems, including multi-lane free flow tolling. Comparable as a direct competitor in the same product category, serving highway authorities with similar RFID, ANPR, and back-office clearing house solutions.
- Conduent Transportation: Operates one of the largest toll back-office and customer-service platforms in the US, providing image-based tolling, violation processing, and interoperable clearing for state DOTs. Directly comparable in toll operations outsourcing and clearing house services.
Others
- Star Systems International: Supplier of RFID tags (including 6C-compliant stickers) used in highway tolling globally. Adjacent rather than competing, providing a core input (the FASTag itself) to IHMCL's ecosystem.
Regional players
- Abertis Mobility Services: Spanish-headquartered global toll-road operator with electronic tolling and managed services across Europe and the Americas. Comparable business model (toll operations + technology) but operates in different geographies.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Indian Highways Management Company social profiles
Digital presenceIndian Highways Management Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Indian Highways Management Company leadership team
Management profileNumber of profiles
Indian Highways Management Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Indian Highways Management Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Indian Highways Management Company
What does Indian Highways Management Company do?
Indian Highways Management Company Limited (IHMCL) implements and operates India's National Electronic Toll Collection (NETC) program, including the FASTag RFID-based electronic toll collection system used across national and state highways. The company serves as a central clearing house for electronic toll transactions, processing toll payments through interoperable RFID technology and distributing revenues to highway concessionaires. It is also expanding into Multi-Lane Free Flow (MLFF) barrier-less tolling technology for next-generation highway toll management.
Is Indian Highways Management Company a public or private company?
Indian Highways Management Company is a private company. It is classified as state government owned and is currently operating.
When was Indian Highways Management Company founded?
Indian Highways Management Company was founded in 2012. It employs 101 to 250 people.
Where is Indian Highways Management Company based?
Indian Highways Management Company is headquartered in New Delhi, India, in the Asia region.
How does Indian Highways Management Company make money?
Four revenue lines are on record. Toll Transaction Processing Fees are the primary driver. The others are parking Fee Collection Services, FASTag Issuance and Wallet Services and MLFF System Implementation.
Who are Indian Highways Management Company's main competitors?
Neology is listed as an emerging player. Broad incumbents are Telepass and Atlantia (Autostrade per l'Italia). Direct peers are Q-Free ASA, EFKON GmbH, TransCore, Kapsch TrafficCom and Conduent Transportation. Star Systems International is listed as an others. Abertis Mobility Services is listed as a regional player.
Does Indian Highways Management Company have an API?
No public API is recorded for Indian Highways Management Company.