Mumbai: In a latest development the Mumbai Metropolitan Region Development Authority (MMRDA), has recorded an impressive 3x growth in Non-Fare Box Revenue reaching approximately Rs 122 crore in financial year (FY) 2024–25. This figure marks a sharp rise from last year’s Rs 42.5 crore – a 187% surge.
The total operational revenue (including Fare & Non Fare Box Revenue) of MMRDA rose from Rs 190 crore in FY 2023–24 to Rs 292 crore in FY 2024–25 – exceeding the Rs 200 crore income target set at the start of the fiscal year.
Devendra Fadnavis, Chief Minister of Maharashtra said, “MMRDA’s exceptional financial results underline our mission to make Maharashtra a model for efficient, inclusive, and sustainable urban transit. Through innovative monetization and enhanced operations, we’re delivering on our promise of a metro that’s both world-class and people-first.”
Eknath Shinde, Deputy Chief Minister of Maharashtra & Chairman, MMRDA said, “The 3x growth in non-fare revenue is not just a financial triumph—it’s a validation of our vision for a thriving, modern metro system. It reaffirms MMRDA’s unwavering commitment to building robust infrastructure that empowers economic growth and enhances urban life for every Mumbaikar.”
Dr. Sanjay Mukherjee, Commissioner, MMRDA commented, “This remarkable revenue achievement was made possible through a well-orchestrated Non-Fare Box Revenue strategy, enabled by strong State Government backing. We surpassed our income goal all while keeping metro fares affordable for the people.”
MMRDA’s subsidiary organisation Maha Mumbai Metro who operates Metro Lines 2A & 7 is actively exploring further monetization opportunities through Pillar advertising rights, Retail and F&B space optimization (73,000 sqft across 30 stations), Production shoot rentals at stations and depots and Event-based branding and promotional activities.
With over 12,000 sqft of commercial space at Andheri West alone, MMRDA continues to unlock untapped potential to drive self-sufficiency.
Key Highlights
• Optical Fibre Cable (OFC) Licensing: Rs 61.72 Cr
• Station Advertisements: Rs 23.95 Cr
• Train Advertisements (inside & outside): Rs 7.47 Cr
• Retail Outlets & Kiosks: Rs 8.22 Cr
• Station Naming & Branding Rights: Rs 9.76 Cr
• Effective Manpower Utilization: Rs 5.43 Cr
• Telecom Infrastructure Revenues: Rs 4.52 Cr
• Other Revenue (Shooting Policy, Small Cell, Promotions): Rs 0.65 Cr
