About Dakshin Gujarat Vij Company Limited
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Dakshin Gujarat Vij Company Limited is a public limited state government company based in Surat, Gujarat, India, a subsidiary of Gujarat Urja Vikas Nigam Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 15 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40102GJ2003SGC042909. Its GSTIN is 24AABCD8912C1Z3 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹653.22 Cr. It is led by directors including Yogesh Choudhary (Managing Director) and Keyur Bipinchandra Thaker.
Its last annual general meeting (AGM) was held on 10 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nana Varachha Road Kapodar Near Gajjar Petrol Pump, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2025, the company reported a revenue of ₹26,041 Cr. For the same year it recorded a net profit of ₹1,260.26 Cr (net margin 4.8%) and EBITDA of ₹2,340 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.
The company has about 8,062 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: DGVCL. As per MCA filings, the company has open charges of ₹713.5 Cr and satisfied charges of ₹1,291.04 Cr on record. Court records list 4,090 cases involving the company, including 3,033 filed by the company and 1,064 filed against it; 910 cases are pending. The company has 13 deals on record (12 rights issues, 1 funding round), with disclosed funding of ₹164.78 Cr; the latest was in March 2024. Its 7 peer companies in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 3 smaller; the largest is Pashchimanchal Vidyut Vitran Nigam Limited with revenue of ₹29,859 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 135 overdue payments to 21 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dgvcl.com.
Company details
Contact details
Dakshin Gujarat Vij Company Limited's registered office is in Surat, Gujarat. Its website is dgvcl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNana Varachha Road Kapodar Near Gajjar Petrol Pump, Surat, Gujarat, India – 395006
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Dakshin Gujarat Vij Company 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 Dakshin Gujarat Vij Company is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Dakshin Gujarat Vij Company Limited, buy the company report.
Financials of Dakshin Gujarat Vij Company Limited
FY 2025 filings availableDakshin Gujarat Vij Company Limited reported revenue of ₹26,041 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26,041 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2,340 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,260.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 4.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Dakshin Gujarat Vij Company Limited, buy the company report.
Board of directors of Dakshin Gujarat Vij Company Limited
Dakshin Gujarat Vij Company has 7 current directors and 46 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sapnaben Vipulkumar Rana | Nominee Director | 13 Oct 2020 | 6 Years 1 Months | Current |
| Keyur Bipinchandra Thaker Also directs: Shakti Pumps (India) Limited | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
| Dhavalkumar Amrutbhai Pujara | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
| Yogesh Choudhary | Managing Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Preeti Sharma | Nominee Director | 07 Jul 2025 | 1 Years 4 Months | Current |
| Naman Desai Kiran | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Dakshin Gujarat Vij Company Limited is compared with the 7 companies closest to it by revenue in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pashchimanchal Vidyut Vitran Nigam Limited | ₹29,859 Cr (FY 2025) | 8.0% | Meerut, Uttar Pradesh, India | |||
| Chhattisgarh State Power Distribution Company Limited | ₹27,811 Cr (FY 2025) | 18.0% | Raipur, Chhattisgarh, India | |||
| Paschim Gujarat Vij Company Limited | ₹27,391 Cr (FY 2025) | -3.0% | Rajkot, Gujarat, India | |||
| Dakshin Haryana Bijli Vitran Nigam Limited | ₹26,860 Cr (FY 2025) | 10.0% | Haryana, India | |||
| Dakshin Gujarat Vij Company Limitedthis company | ₹26,041 Cr (FY 2025) | ₹1,260.26 Cr | 4.8% | 8,062 | Surat, Gujarat, India | |
| Purvanchal Vidyut Vitran Nigam Limited | ₹25,599 Cr (FY 2025) | 15.0% | Varanasi, Uttar Pradesh, India | |||
| Jodhpur Vidyut Vitran Nigam Limited | ₹24,658 Cr (FY 2025) | -4.0% | Jodhpur, Rajasthan, India | |||
| Dakshinanchal Vidyut Vitran Nigam Limited | ₹22,554 Cr (FY 2025) | 4.0% | Agra, Uttar Pradesh, India |
To see the full peer comparison of Dakshin Gujarat Vij Company Limited, buy the company report.
Auditor
Dakshin Gujarat Vij Company Limited is audited by SNK & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNK & Co | FY 2025 | 109176W |
Shareholding
The shareholding of Dakshin Gujarat Vij Company Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dakshin Gujarat Vij Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2007 | 10033653 | Uco Bank | ₹713.5 Cr | Open | |
| 21 Jul 2012 | 10367451 | Bank of Baroda | ₹115.25 Cr | Satisfied | |
| 23 Feb 2011 | 10270204 | Power Finance Corporation Limited | ₹14.84 Cr | Satisfied | |
| 23 Feb 2011 | 10270209 | Power Finance Corporation Limited | ₹50.14 Cr | Satisfied | |
| 29 Sep 2009 | 10178312 | Bank of Baroda | ₹80 Cr | Satisfied |
To see the full charge records of Dakshin Gujarat Vij Company Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Dakshin Gujarat Vij Company Limited has 13 deals on record (12 rights issues, 1 funding round), with disclosed funding of ₹164.78 Cr; the latest was in March 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹588.23 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Mar 2023 | Rights issue | ₹297.63 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Apr 2022 | Rights issue | ₹283.17 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Mar 2021 | Rights issue | ₹337.11 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Jan 2020 | Rights issue | ₹289.76 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
To see the full deal history of Dakshin Gujarat Vij Company Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dakshin Gujarat Vij Company Limited has 4,090 court cases on record: 3,033 filed by Dakshin Gujarat Vij Company, 1,064 filed against it. 910 cases are pending and 3,180 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2,780 | 223 | 540 |
| High courts | 1,217 | 800 | 354 |
| Supreme Court | 72 | 23 | 15 |
| NCLT | 11 | 9 | 0 |
| NCLAT | 10 | 9 | 1 |
Cases on record (5 of 4,090)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Appeal | Filed against the company by Gujarat Energy Transmission Corporation Ltd | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by Larsen and Toubro Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by Trinetra Aero-Marine Technologies Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Messers Sach Electro Mech Pvt.Ltd Jatin Jaychand Jain (HR Manager) | Pending |
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by Shakti Pumps (India) Ltd. Through Mahesh Madanlal Tiwari | Pending |
To see the full case history of Dakshin Gujarat Vij Company Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Dakshin Gujarat Vij Company Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 135 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kryfs Transformers Private Limited | |||
| Tirupati Plastomatics Pvt Ltd | |||
| M/S Rashtriya Electrical & Engineering Corporation | |||
| an individual supplier | |||
| Marco Cables & Conductors Limited |
To see the full MSME payment records of Dakshin Gujarat Vij Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Dakshin Gujarat Vij Company Limited has a workforce of 8,062 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 8,062 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 | |
| FY 2009-10 | |
| FY 2008-09 | |
| FY 2007-08 |
To see the full employee and EPFO history of Dakshin Gujarat Vij Company Limited, buy the company report.
GST
Dakshin Gujarat Vij Company has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCD8912C1Z3 | Gujarat | Active | 01 Jul 2017 |
| 24AABCD8912C1DC | Gujarat | Active | 27 Sep 2018 |
To see the full GST registrations and return filing status of Dakshin Gujarat Vij Company Limited, buy the company report.
Recent activity
Dakshin Gujarat Vij Company Limited has 52 board changes on record since 2006: 8 appointments and 44 cessations. The latest: Preeti Sharma was appointed as Nominee Director on 07 Jul 2025.
60 earlier events are in the company report.
News
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Frequently asked questions
Dakshin Gujarat Vij Company is an active public limited state government company based in Surat, Gujarat, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 15 September 2003 (23+ years old) and is registered under CIN U40102GJ2003SGC042909.
Dakshin Gujarat Vij Company has 7 current directors:
- Yogesh Choudhary - Managing Director
- Sapnaben Vipulkumar Rana - Nominee Director
- Keyur Bipinchandra Thaker - Director
- Dhavalkumar Amrutbhai Pujara - Director
- Preeti Sharma - Nominee Director
- Naman Desai Kiran - Director
- Kamlesh Kumar Jangid - Nominee Director
The latest financial statements of Dakshin Gujarat Vij Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dakshin Gujarat Vij Company is 24AABCD8912C1Z3, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCD8912C1DC (Gujarat).
The CIN (Corporate Identification Number) of Dakshin Gujarat Vij Company is U40102GJ2003SGC042909. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dakshin Gujarat Vij Company has 4,090 court cases on record: 3,033 filed by the company and 1,064 filed against it. 910 are pending. Most are in the district courts.
Dakshin Gujarat Vij Company was incorporated on 15 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dakshin Gujarat Vij Company has 13 deals on record (12 rights issues, 1 funding round), with disclosed funding of ₹164.78 Cr; the latest was in March 2024.
The peers of Dakshin Gujarat Vij Company by revenue are Pashchimanchal Vidyut Vitran Nigam Limited, Chhattisgarh State Power Distribution Company Limited, Paschim Gujarat Vij Company Limited, Dakshin Haryana Bijli Vitran Nigam Limited, Purvanchal Vidyut Vitran Nigam Limited and 2 more, all in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Preeti Sharma was appointed as Nominee Director on 07 Jul 2025. Shweta Teotia ceased to be Nominee Director on 17 Feb 2025. Tejas Dilipkumar Parmar ceased to be Nominee Director on 12 Aug 2024. Dakshin Gujarat Vij Company has 52 board changes on record in total.
Dakshin Gujarat Vij Company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 135 overdue payments to 21 micro and small suppliers. The latest return was filed on 15 Apr 2024.
Dakshin Gujarat Vij Company can be reached through the website dgvcl.com. Its registered office is in Surat, Gujarat, India.
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