About MAHAGENCO
MAHAGENCO is an Energy & Utilities company. Power generation and related energy services in Maharashtra. Its Indian entity Maharashtra State Power Generation Company Limited reported revenue of ₹38,334 Cr. MAHAGENCO offers products and services including Thermal Power Generation and Green Hydrogen Production. Its focus areas include Energy, Renewable Energy, Green Hydrogen and Hydrogen Production.
Company details
MAHAGENCO is recognized as a state-owned entity that focuses on electricity production through thermal and renewable projects. Key initiatives include the issuance of LOAs for super critical thermal plants at Koradi and the commissioning of green hydrogen facilities at Bhusawal, alongside tenders for FGD systems and coal procurement. Various power stations such as Koradi, Bhusawal, and Koyna are managed to support energy needs. Training programs and examination results are also handled to maintain operational standards. Updates on tenders and projects are published on the official website, ensuring transparency in activities.
- SectorsEnergy & Utilities
- Email••••••••
- Website mahagenco.in
- Legal Name Maharashtra State Power Generation Company Limited
- Date of Incorporation 31 May, 2005
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹38,334 Cr
FY 2025 · +16% YoY
- Indian entity net profit₹358 Cr
FY 2025 · 1% margin
- Indian entity EBITDA₹7,199 Cr
FY 2025 · 19% margin
Associated legal entities of MAHAGENCO
MAHAGENCO operates through Maharashtra State Power Generation Company Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Maharashtra State Power Generation Company Limited CIN U40100MH2005SGC153648 | Active | 31 May 2005 | Mumbai, Maharashtra | ₹38,334 Cr | 9 | View details |
Products & Services of MAHAGENCO
MAHAGENCO offers a comprehensive portfolio of products and services, including Thermal Power Generation and Green Hydrogen Production.
Electricity is generated through thermal power plants using coal and other fuels
Green hydrogen is produced for sustainable energy applications at designated power centers
Board of directors of Maharashtra State Power Generation Company Limited (MAHAGENCO)
Maharashtra State Power Generation Company Limited is the primary company behind MAHAGENCO. The board of Maharashtra State Power Generation Company Limited currently have 6 directors; the longest-serving is Sanjay Manoharrao Marudkar, appointed in 2022. 43 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Manoharrao Marudkar DIN 09676934 | Whole-time director | 29 Jun 2022 | 4 yrs 4 mo | Maharashtra State Power Generation Company Limited |
| Abha Shukla DIN 09054999 | Director | 21 Nov 2022 | 3 yrs 11 mo | Maharashtra State Power Generation Company Limited |
| Abhay Arun Harne DIN 10178361 | Whole-time director | 20 Jun 2023 | 3 yrs 4 mo | Maharashtra State Power Generation Company Limited |
| Radhakrishnan Balasubramanian DIN 07781330 | Managing Director | 26 Dec 2024 | 1 yr 10 mo | Maharashtra State Power Generation Company Limited |
| Manesh Vishwanath Waghirkar DIN 11202039 | CFO | 09 Jul 2025 | 1 yr 3 mo | Maharashtra State Power Generation Company Limited |
| Vishwas Vasant Pathak DIN 00093771 | Director | 01 Sep 2025 | 1 yr 2 mo | Maharashtra State Power Generation Company Limited |
Financials of MAHAGENCO
Figures of Maharashtra State Power Generation Company Limited, the primary company behind MAHAGENCO, for FY 2025. Revenue was ₹38,334 Cr (+16% year on year). Net profit was ₹358 Cr (1% margin). EBITDA was ₹7,199 Cr (19% margin). Revenue has grown at a compounded annual rate of +18% over three years and +9% over five years.
- ₹38,334 CrRevenue · FY 2025 · +16% YoY
- ₹358 CrNet profit · 1% margin
- ₹7,199 CrEBITDA · 19% margin
- ₹26,304 CrPaid-up capital
- +18%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Maharashtra State Power Generation Company Limited are on its company page.
Detailed financial statements for MAHAGENCO
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Web traffic of MAHAGENCO
Websites that share an audience with MAHAGENCO (mahagenco.in).
Websites whose visitors overlap most with MAHAGENCO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eletsonline.com | 84% | 219K | #198,701 | View details | |
| bcclweb.in | 80% | 300.5K | #145,113 | View details | |
| majhinaukri.in | 72% | 2.8M | #15,556 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mahagenco
Complete news archive for MAHAGENCO
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Articles about MAHAGENCO on our blog
Frequently Asked Questions about MAHAGENCO
The primary company behind MAHAGENCO, Maharashtra State Power Generation Company Limited, reported revenue of ₹38,334 Cr for FY 2025, up 16% year on year.
MAHAGENCO is recognized as a state-owned entity that focuses on electricity production through thermal and renewable projects. Key initiatives include the issuance of LOAs for super critical thermal plants at Koradi and the commissioning of green hydrogen facilities at Bhusawal, alongside tenders for FGD systems and coal procurement. Various power stations such as Koradi, Bhusawal, and Koyna are managed to support energy needs. Training programs and examination results are also handled to maintain operational standards. Updates on tenders and projects are published on the official website, ensuring transparency in activities.
MAHAGENCO offers Thermal Power Generation and Green Hydrogen Production.
MAHAGENCO operates through Maharashtra State Power Generation Company Limited.
The legal entities of MAHAGENCO currently have 9 directors, including Abhay Arun Harne, Sanjay Manoharrao Marudkar, Balasaheb Thite and others.