National Highways Authority of India

What National Highways Authority of India does

National Highways Authority of India (NHAI) is a statutory authority constituted under the National Highways Act 1988 and operating under the Ministry of Road Transport and Highways, Government of India. The authority is responsible for the development, maintenance, and management of India's national highway network, with a planned footprint of 77,500 km under the Bharatmala Pariyojana program. As of the latest reporting period, 64,814 km have been completed, 8,193 km are under construction, and 4,892 km remain to be awarded. NHAI operates the National Electronic Toll Collection (NETC) system with FASTag for cashless toll payment at plazas nationwide, and has implemented Advanced Traffic Management Systems (ATMS) on national highways and expressways.

NHAI's technology stack spans citizen-facing mobile applications (Rajmarg Yatra, NHAI One, My FASTag, NHAI E-Planner), a Rajmargyatra Citizen Portal with OTP authentication, and a Data Lake portal that integrates GIS project views, drone video surveillance, and project information dashboards. Operational systems include a Management Information System (MIS), a Bill Tracking System, a Disaster Portal using Bhuvan satellite imagery, and a Knowledge Sharing Platform. NHAI also runs AI-based computer vision for monitoring potholes and road damage on highways. Subsidiaries and special-purpose vehicles include NHIDCL, IHMCL, NHLML, the National Highways Infra Trust (NHInvIT), and DME Development Limited.

NHAI monetizes its mandate through toll collection (FASTag and manual plazas), asset monetization via the InvIT structure (with bonds listed on BSE and NSE), and Public-Private Partnership projects executed under the DBFOT model. The authority also operates Multi-Modal Logistics Parks (7 allocated, 3 in tender, 35 locations identified) and 15 prioritized ropeway projects under the Parnavam initiative. Revenue is not publicly disclosed as NHAI is a government authority; toll rates are set by the government and the InvIT bond issuances (7.9% semi-annual coupon, 25-year maturity as of October 2022) provide the principal public capital-market signal. The customer base spans highway users (general public), logistics and freight operators, contractors, and institutional investors participating in InvIT bonds.

Name

National Highways Authority of India

Legal name

National Highways Authority of India (भारतीय राष्ट्रीय राजमार्ग प्राधिकरण), Ministry of Road Transport and Highways, Government of India

Website

https://nhai.gov.in

Company type

Private

Founded year

1988

Operating status

Operating

Short description

National Highways Authority of India is a statutory government authority that develops, maintains, and manages India's national highway network of approximately 65,000 km, operating FASTag electronic toll collection, the InvIT-based asset monetization program, and Bharatmala Pariyojana highway expansion.

Ownership category

akta.pro rank

Product category

Highway Infrastructure Services

NAICS

Support Activities for Transportation (488)

akta.pro primary industry

Managed Services & Operations Outsourcing for Tolling/RUC Programs (TLAJABAL)

akta.pro secondary industries

Toll Plaza / Lane Equipment & Field Systems (Gantry, Sensors, Cameras, AVC) (TLAJABAH), Road & Tunnel Operations/Construction Interfaces (Tolling Infrastructure, Ventilation/Fire-Life-Safety Civil Works) (IMAFAEAL), Automatic Number Plate Recognition (ANPR) / Video Tolling & Enforcement (TLAJABAB), Toll Violation Management, Collections & Dispute Resolution (TLAJABAG)

Keywords

• National highway infrastructure
• Electronic toll collection
• Highway construction management
• Road safety programs
• Infrastructure asset monetization

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Toll Collection: Revenue generated from electronic toll collection through FASTag system and manual toll plazas on national highways
2. Asset Monetization: Monetization of NHAI assets through Infrastructure Investment Trust (InvIT) structures including Raajmarg Infra Investment Trust, with bonds listed on BSE and NSE
3. Public-Private Partnership Projects: Projects executed under DBFOT (Design, Build, Finance, Operate and Transfer) model for Multi-Modal Logistics Parks and other infrastructure

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

NHAI develops, maintains and manages India's national highway network (~65,000 km completed) and operates the National Electronic Toll Collection (NETC) program through FASTag, enabling cashless toll payments at highway plazas. It awards highway construction and DBFOT/PPP projects through competitive bidding, implements Advanced Traffic Management Systems on expressways, and monetizes operating road assets through the Raajmarg Infra Investment Trust (InvIT) and listed bonds. It also develops Multi-Modal Logistics Parks (MMLP) on a hub-and-spoke model to streamline freight movement.

Product overview

NHAI operates as a platform-based infrastructure authority managing India's national highway network of approximately 65,000 km. The core offering includes the National Electronic Toll Collection (NETC) system with FASTag for cashless toll payments, supported by multiple digital portals and mobile applications. The product portfolio consists of citizen-facing apps (Rajmarg Yatra, NHAI One, My FASTag, E-Planner), monitoring and data platforms (Data Lake GIS Dashboard, Drone Video Portal, Disaster Portal, MIS), and operational systems (Bill Tracking, Complaints Registration). Major development programs include Bharatmala Pariyojana for highway expansion and Asset Monetization for infrastructure financing. The ecosystem integrates geographic information systems, drone surveillance, and mobile platforms to provide comprehensive highway management services to citizens, contractors, and government stakeholders.

Differentiator

Problem solved

Functional benefit

Brands

• Rajmarg Yatra: Citizen portal and mobile app for highway travelers providing OTP-based passes and travel information
• NHAI One
• My FASTag
• Bharatmala Pariyojana
• Rajmarg
• Sachetan

Products and services

• National Electronic Toll Collection (NETC) / FASTag RFID-based electronic toll collection system enabling cashless, interoperable toll payment through FASTag devices affixed to vehicles at national highway toll plazas across India. Service is for highway users, fleet operators, and logistics companies traveling on the national highway network.

Quantifiable outcome

• 75 km of bituminous concrete laid in 105 hours and 33 minutes - Guinness World Record
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

One partnership is on record.

• Network18minorGTM or Marketing Partner · 1 January 2023NHAI collaborated with Network18 to create awareness among the general public on Road Safety Week through broadcast media, airing content on 14 January featuring the Minister's address.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Transurban: Australian-listed toll-road operator running major urban motorways (e.g., CityLink, 495 Express Lanes) with advanced electronic/free-flow tolling; comparable as an established global toll-road operator using similar ANPR/electronic tolling technology.
• China Communications Construction Company (CCCC): World's largest highway/expressway constructor and concession investor; comparable as a state-linked infrastructure builder-operator at comparable scale, executing and operating tolled expressways under government mandate.
• Atlas Arteria (formerly Macquarie Atlas Roads): Global toll-road owner-operator with stakes in major motorways (e.g., Autoroutes Paris-Rhin-Rhône, Dulles Greenway); comparable as a large, listed toll-road asset platform with similar user-charging revenue model.
• Abertis / Mundys (formerly Atlantia): Global toll-road concession group operating thousands of km of motorways across Europe and the Americas; comparable as a large, mature toll-road operator with similar long-tenure concession and monetization structures.

Emerging players

• Ashoka Buildcon: Indian highway EPC and BOT developer with significant NHAI project exposure; comparable as an emerging private-sector partner that executes DBFOT/PPP projects within NHAI's framework.
• Dilip Buildcon: Indian highway EPC contractor heavily exposed to NHAI road projects; comparable as a private counterpart executing national highway construction under similar DBFOT/EPC contractual frameworks.

Direct peers

• IRB Infrastructure Developers: India's largest toll-road BOT concessionaire; directly comparable as a private-sector counterpart that builds, operates and monetizes highway toll assets under DBFOT/PPP frameworks similar to NHAI's PPP projects.
• National Highways Logistics Management Limited (NHLML): NHAI subsidiary overseeing Multi-Modal Logistics Parks and ropeway projects; comparable as a government special-purpose vehicle for logistics-adjacent infrastructure within NHAI's portfolio.
• Indian Highways Management Company Limited (IHMCL): Subsidiary of NHAI tasked with implementing the electronic toll collection (FASTag/NETC) program; the closest operational peer for NHAI's tolling technology stack and same mandate for highway user-charging.
• National Highways Infrastructure Development Corporation Limited (NHIDCL): Government-owned peer entity under the Ministry of Road Transport and Highways, mandated to develop highway and infrastructure projects in border/NE states; directly comparable as a parallel national-highway construction authority in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/NHAI_Official
• YouTubeyoutube.com/channel/UClyuu3--aKGTA6C9QhbKKFw
• Facebookfacebook.com/Official.NHAI
• LinkedInlinkedin.com/company/national-highways-authority-of-india
• Instagraminstagram.com/nhai_official

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Highways Authority of India