About Mahanadi Coal Railway Limited
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Mahanadi Coal Railway Limited is a public limited union government company based in Sambalpur, Odisha, India, a subsidiary of Mahanadi Coalfields Limited. It operates in the rail freight logistics and services segment of the transport and logistics sector. It was incorporated on 31 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U60100OR2015GOI019349. Its GSTIN is 21AAJCM9151C1ZR (Odisha).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹90.01 Cr. It is led by directors including Keshav Rao (Managing Director) and Sanjay Kumar Sinha.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at M/S Mahanadi Coalfields Limited Corporate Office Mcl Hq Mdf Room Jagriti Vihar Burla, Sambalpur, Odisha, India – 768020.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.17 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Cr (net margin 10.1%) and EBITDA of ₹16.54 Cr (EBITDA margin 60.9%). Revenue has grown at a compounded annual rate (CAGR) of 654% over three years and 322% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahanadicoal.in.
Company details
Contact details
Mahanadi Coal Railway Limited's registered office is in Sambalpur, Odisha. Its website is mahanadicoal.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressM/S Mahanadi Coalfields Limited Corporate Office Mcl Hq Mdf Room Jagriti Vihar Burla, Sambalpur, Odisha, India – 768020
- IndustryTransport and Logistics, Rail Freight Logistics & Services
To see the full contact details of Mahanadi Coal Railway Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mahanadi Coal Railway is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Mahanadi Coal Railway Limited, buy the company report.
Financials of Mahanadi Coal Railway Limited
FY 2025 filings availableMahanadi Coal Railway Limited reported revenue of ₹27.17 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 322% over five years, including 23% growth in the latest year. EBITDA fell 11% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹16.54 Cr | ||||
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| Net Profit (PAT) | ₹2.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 60.9% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Mahanadi Coal Railway Limited, buy the company report.
Board of directors of Mahanadi Coal Railway Limited
Mahanadi Coal Railway has 7 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Sinha | Nominee Director | 22 Aug 2023 | 3 Years 2 Months | Current |
| Ajit Kumar Behura Also directs: Mahanadi Coalfields Limited | Nominee Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Keshav Rao Also directs: Mahanadi Coalfields Limited, Mahanadi Basin Power Limited | Managing Director | 16 Dec 2020 | 5 Years 10 Months | Current |
| Priyaranjan Parhi Also directs: Konkan Railway Corporation Limited, Pipavav Railway Corporation Limited, Jharkhand Central Railway Limited and 3 more | Nominee Director | 09 May 2022 | 4 Years 6 Months | Current |
| Saroj Kumar Sethi Also directs: Mits Mega Food Park Limited, Orissa Project Development Company Limited, Haridaspur Paradip Railway Company Limited and 1 more | Nominee Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Ragini Advani Also directs: Jharkhand Central Railway Limited, Chhattisgarh East Railway Limited, Chhattisgarh East-West Railway Limited and 3 more | Nominee Director | 26 May 2022 | 4 Years 5 Months | Current |
Auditor
Mahanadi Coal Railway Limited is audited by Narendra K Jain & Associat for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Narendra K Jain & Associat | FY 2023 | 322048E |
Shareholding
The shareholding of Mahanadi Coal Railway Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahanadi Coal Railway Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mahanadi Coal Railway Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahanadi Coal Railway Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mahanadi Coal Railway has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Mahanadi Coal Railway has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAJCM9151C1ZR | Odisha | Active | 07 Oct 2017 |
To see the full GST registrations and return filing status of Mahanadi Coal Railway Limited, buy the company report.
Recent activity
Mahanadi Coal Railway Limited has 29 board changes on record since 2016: 7 appointments and 22 cessations. The latest: Ajit Kumar Behura was appointed as Nominee Director on 01 Nov 2023.
20 earlier events are in the company report.
Frequently asked questions
Mahanadi Coal Railway is an active public limited union government company based in Sambalpur, Odisha, India. The company works in rail freight logistics and services, within the transport and logistics industry. It was incorporated on 31 August 2015 (11+ years old) and is registered under CIN U60100OR2015GOI019349.
Mahanadi Coal Railway has 7 current directors:
- Keshav Rao - Managing Director
- Sanjay Kumar Sinha - Nominee Director
- Ajit Kumar Behura - Nominee Director
- Priyaranjan Parhi - Nominee Director
- Saroj Kumar Sethi - Nominee Director
- Ragini Advani - Nominee Director
- Parag Verma - Nominee Director
The latest financial statements of Mahanadi Coal Railway on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Mahanadi Coal Railway is 21AAJCM9151C1ZR, registered in Odisha.
The CIN (Corporate Identification Number) of Mahanadi Coal Railway is U60100OR2015GOI019349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahanadi Coal Railway was incorporated on 31 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Cuttack.
Ajit Kumar Behura was appointed as Nominee Director on 01 Nov 2023. Manoranjan Mallik ceased to be Nominee Director on 01 Nov 2023. Saroj Kumar Sethi was appointed as Nominee Director on 01 Nov 2023. Mahanadi Coal Railway has 29 board changes on record in total.
Mahanadi Coal Railway can be reached through the website mahanadicoal.in. Its registered office is in Sambalpur, Odisha, India.
The registered office of Mahanadi Coal Railway is at MS Mahanadi Coalfields Limited Corporate Office Mcl Hq Mdf Room Jagriti Vihar Burla, Sambalpur, Odisha, India – 768020.
Mahanadi Coal Railway operates in the transport and logistics industry, in the rail freight logistics and services segment.
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