Gujarat State Electricity Corporation Limited - Company Profile

It is a infrastructure and utilities public limited state government company based in Baroda, Gujarat, India, established in 1993.

1993 Baroda, Gujarat, India Active

Last Updated: January 23, 2026

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About Gujarat State Electricity Corporation Limited

Gujarat State Electricity Corporation Limited, a active public limited state government company, was established on 12 August 1993 in Baroda, Gujarat, India. Engaging in power infrastructure & energy projects within the electricity, gas, steam and air condition supply sector, it holds CIN: U40100GJ1993SGC019988. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹6,000.00 Cr and a paid-up capital of ₹3,327.69 Cr.

It upholds a compliant status. Employing 2,569 professional, Its leadership includes Bharat Bhasker (Director), Somes Bandyopadhyay (Managing Director), Naran Manji Pindoriya (Director). Past directors included Shahmeena Syedafzal Husain, Jyoti Swarup Mathur, Mona Mukesh Khandhar. It holds ₹1,825.95 Cr open charges and ₹39,293.53 Cr settled loans. Its latest AGM occurred on 04 December 2025, with the balance sheet filed on 31 March 2025. It is based at Vidyut Bhavan Race Course, Baroda, Gujarat, 390007.

Company Details

CIN/LLPIN
U40100GJ1993SGC019988
Registration Number
019988
Incorporation Date
12 August 1993
Authorized Capital
₹6,000.00 Cr
Paid-Up Capital
₹3,327.69 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 6,000.00 Cr as on 23-01-2026
Paid Up Capital ₹ 3,327.69 Cr as on 23-01-2026
Company Age 32 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1,825.95 Cr as on 23-01-2026
Satisfied Charges ₹ 39,293.53 Cr as on 23-01-2026
Revenue Growth **** -1.14% (FY 2025)
Profit Growth **** 17.59% (FY 2025)
Ebitda **** 39.71% (FY 2025)
Net Worth 3.20% (FY 2025)
Total Assets **** 3.58% (FY 2025)

Comprehensive Company Insights

Explore comprehensive insights into Gujarat State Electricity Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Gujarat State Electricity Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Bharat Bhasker	Director	26 Jul 2024	Current
Somes Bandyopadhyay	Managing Director	19 Oct 2023	Current
Naran Manji Pindoriya	Director	20 Jan 2024	Current
Preeti Sharma	Nominee Director	07 Jul 2025	Current
Kamlesh Kumar Jangid	Director	26 Jul 2023	Current
Vinay Kumar	Director	20 Jan 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	14 Oct 2016	Past
Pramod Abcsdd	Nominee Director	11 Feb 2008	Past
Pramod Abcsdd	Nominee Director	15 Jul 2017	Past
Pramod Abcsdd	Director	08 Oct 2009	Past
Pramod Abcsdd	Nominee Director	01 Nov 2019	Past
Pramod Abcsdd	Additional Director	27 Aug 2024	Past

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Financial Performance of Gujarat State Electricity Corporation.

Gujarat State Electricity Corporation Limited, for the financial year ended 2025, experienced Minor drop in revenue, with a 1.14% decrease. The company also saw a substantial improvement in profitability, with a 17.59% increase in profit. The company's net worth moved up by a moderate rise of 3.2%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-1.14%

*******

Revenue from Operations

*******

-0.74%

*******

Total Assets

*******

3.58%

*******

Profit or Loss

*******

17.59%

*******

Net Worth

*******

3.20%

*******

EBITDA

*******

39.71%

*******

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What is the Ownership and Shareholding Structure of Gujarat State Electricity Corporation?

In 2024, Gujarat State Electricity Corporation had a promoter holding of 100.00%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹18,259,500,000.00

Satisfied Charges

₹392,935,306,989.00

Charges Breakdown by Lending Institutions

Others : 1805.15 Cr
Sbicap Trustee Company Limited : 20.80 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 Apr 2016	Sbicap Trustee Company Limited	₹10.40 Cr	Open
27 Apr 2016	Sbicap Trustee Company Limited	₹10.40 Cr	Open
08 Jan 2007	Others	₹1,805.15 Cr	Open
28 Mar 2018	State Bank Of India	₹1,592.78 Cr	Satisfied
31 Mar 2017	Others	₹1,592.78 Cr	Satisfied

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How Many Employees Work at Gujarat State Electricity Corporation?

Gujarat State Electricity Corporation has a workforce of 2569 employees as of Oct 07, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Gujarat State Electricity Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gujarat State Electricity Corporation's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Gujarat State Electricity Corporation

Recent Activity within the Organization

Annual General Meeting

The activity Gujarat State Electricity Corporation Limited last Annual general meeting of members was held on 04 Dec 2025 as per latest MCA records. was completed.
04 Dec 2025
Director Appointment

The activity Preeti Sharma was appointed as a Nominee Director was appointed as a Nominee Director on 07 Jul 2025 & has been associated with this company since 7 months 25 days . was completed.
07 Jul 2025
Balance Sheet

Gujarat State Electricity Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2025
Director Appointment

Bharat Bhasker was appointed as a Director was appointed as a Director on 26 Jul 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
26 Jul 2024
Director Appointment

The activity Shubhadeep Sen was appointed as a CFO was appointed as a CFO on 11 Mar 2024 & has been associated with this company since 1 year 11 months . was completed.
11 Mar 2024
Director Appointment

Naran Manji Pindoriya was appointed as a Director was appointed as a Director on 20 Jan 2024 & has been associated with this company since 2 years 1 month . was recorded as a recent event.
20 Jan 2024

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