About MGVCL
MGVCL is an Energy & Utilities company. Electricity distribution and renewable energy services are provided by MGVCL in Gujarat. The company has 6,136 employees. Its Indian entity Madhya Gujarat Vij Company Limited reported revenue of ₹10,251 Cr. MGVCL offers products and services including Electricity Distribution and Solar Rooftop Services. Its focus areas include Energy, Renewables, Solar and Rooftop Installation.
Company details
MGVCL is operated as a key electricity distribution company in Madhya Gujarat, serving over 3.5 million consumers across diverse categories under its CIN U40102GJ2003SGC042907. Renewable energy efforts, including solar rooftops totaling 182,512 installations and 959.07 MW capacity, are managed to promote sustainable practices. Consumer services such as bill payments and complaint resolutions are facilitated through digital platforms, while corporate social responsibility and vigilance policies are maintained to ensure ethical operations and community benefits. Technological innovations in energy distribution are also supported by the company.
- Employees 6,136
- SectorsEnergy & Utilities
- Email••••••••
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- Legal Name Madhya Gujarat Vij Company Limited
- Date of Incorporation 15 Sep, 2003
- Jurisdiction Vadodara, Gujarat, India
- Indian entity revenue₹10,251 Cr
FY 2025 · +1% YoY
- Indian entity net profit₹101 Cr
FY 2025 · 1% margin
- Indian entity EBITDA₹793 Cr
FY 2025 · 8% margin
- Employee Count6,136
Associated legal entities of MGVCL
MGVCL operates through Madhya Gujarat Vij 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 |
|---|---|---|---|---|---|---|---|
| Madhya Gujarat Vij Company Limited CIN U40102GJ2003SGC042907 | Active | 15 Sep 2003 | Vadodara, Gujarat | ₹10,251 Cr | 6,136 | 14 | View details |
Products & Services of MGVCL
MGVCL offers a comprehensive portfolio of products and services, including Electricity Distribution and Solar Rooftop Services.
Electricity is distributed by MGVCL to various consumer categories including residential and industrial users
Solar rooftops are installed and managed by MGVCL for energy generation and distribution
Apps and channels of MGVCL
its YouTube channel MGVCL Official has 285 subscribers and 4 videos.
Videos from MGVCL
The most watched videos on MGVCL's YouTube channel, MGVCL Official (285 subscribers). Click a video to play it here.
More on MGVCL Official.
Board of directors of Madhya Gujarat Vij Company Limited (MGVCL)
Madhya Gujarat Vij Company Limited is the primary company behind MGVCL. The board of Madhya Gujarat Vij Company Limited currently have 12 directors; the longest-serving is Jai Prakash Shivahare, appointed in 2022. 46 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jai Prakash Shivahare DIN 07162392 | Nominee Director | 04 Mar 2022 | 4 yrs 7 mo | Madhya Gujarat Vij Company Limited |
| Nisarg Joshi DIN 10063762 | Nominee Director | 10 Mar 2023 | 3 yrs 7 mo | Madhya Gujarat Vij Company Limited |
| Tejas Dilipkumar Parmar DIN 08322052 | Managing Director | 06 Apr 2023 | 3 yrs 6 mo | Madhya Gujarat Vij Company Limited |
| Kamlesh Kumar Jangid DIN 06401190 | Nominee Director | 26 Jul 2023 | 3 yrs 2 mo | Madhya Gujarat Vij Company Limited |
| Kiran Mukundrao Shringarpure DIN 02468876 | Director | 22 Jan 2024 | 2 yrs 9 mo | Madhya Gujarat Vij Company Limited |
| Shanmuganathan Raman DIN 10463936 | Director | 22 Jan 2024 | 2 yrs 9 mo | Madhya Gujarat Vij Company Limited |
| Ajay Pandey DIN 01292877 | Director | 22 Jan 2024 | 2 yrs 9 mo | Madhya Gujarat Vij Company Limited |
| Sailaja Vishvesh Vachhrajani DIN 08995634 | CFO | 25 Sep 2024 | 2 yrs | Madhya Gujarat Vij Company Limited |
| Sourav Nandy DIN 10968898 | Nominee Director | 25 Feb 2025 | 1 yr 7 mo | Madhya Gujarat Vij Company Limited |
| Stuti Charan DIN 11090178 | Nominee Director | 08 May 2025 | 1 yr 5 mo | Madhya Gujarat Vij Company Limited |
| Jenu Devan DIN 07852736 | Managing Director | 24 Jun 2025 | 1 yr 3 mo | Madhya Gujarat Vij Company Limited |
| Preeti Sharma DIN 09436715 | Nominee Director | 07 Jul 2025 | 1 yr 3 mo | Madhya Gujarat Vij Company Limited |
Financials of MGVCL
Figures of Madhya Gujarat Vij Company Limited, the primary company behind MGVCL, for FY 2025. Revenue was ₹10,251 Cr (+1% year on year). Net profit was ₹101 Cr (1% margin). EBITDA was ₹793 Cr (8% margin). Revenue has grown at a compounded annual rate of +9% over three years and +9% over five years.
- ₹10,251 CrRevenue · FY 2025 · +1% YoY
- ₹101 CrNet profit · 1% margin
- ₹793 CrEBITDA · 8% margin
- ₹613 CrPaid-up capital
- 6,136Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Madhya Gujarat Vij Company Limited are on its company page.
Detailed financial statements for MGVCL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Web traffic of MGVCL
Websites that share an audience with MGVCL (mgvcl.com).
Websites whose visitors overlap most with MGVCL. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vgl.co.in | 100% | 33.8K | #647,007 | View details | |
| vmc.gov.in | 79% | 298.7K | #122,293 | View details |
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Frequently Asked Questions about MGVCL
MGVCL has 6,136 employees.
The primary company behind MGVCL, Madhya Gujarat Vij Company Limited, reported revenue of ₹10,251 Cr for FY 2025, up 1% year on year.
MGVCL is operated as a key electricity distribution company in Madhya Gujarat, serving over 3.5 million consumers across diverse categories under its CIN U40102GJ2003SGC042907. Renewable energy efforts, including solar rooftops totaling 182,512 installations and 959.07 MW capacity, are managed to promote sustainable practices. Consumer services such as bill payments and complaint resolutions are facilitated through digital platforms, while corporate social responsibility and vigilance policies are maintained to ensure ethical operations and community benefits. Technological innovations in energy distribution are also supported by the company.
MGVCL offers Electricity Distribution and Solar Rooftop Services.
MGVCL operates through Madhya Gujarat Vij Company Limited.
The legal entities of MGVCL currently have 14 directors, including Kiran Mukundrao Shringarpure, Sailaja Vishvesh Vachhrajani, Shanmuganathan Raman and others.