MSRDC was established by the Government of Maharashtra through a resolution issued on 9th July, 1996 and incorporated as a limited company on 2nd August, 1996 under the Indian Companies Act, 1956 and is fully owned by the Government of Maharashtra. It has been constituted to accelerate development of transport infrastructure facilities in the state.

Maharashtra being the leading industrial state of India has a very high traffic intensity on roads due to considerably increased growth in the industrial and commercial sectors. MSRDC's mandate is to accelerate transport infrastructure development in the state by overseeing the completion of existing and new projects with the active participation of the private sector through a time bound program.

The main objective of the corporation is improvement of existing and construction of new roads, highways, expressway etc. The corporation has been vested with rights to collect toll / service charges and also to commercially exploit the available land. Government of Maharashtra is totally committed to the projects undertaken by the corporation and has been providing assistance in all forms to the company for the same.