About Kerala State Electricity Board Limited
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Kerala State Electricity Board Limited is a public limited state government company based in Thiruvananthapuram, Kerala, India. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 14 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U40100KL2011SGC027424. Its GSTIN is 32AAECK2277NBZ1 (Kerala). The company holds 65 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹3,499.05 Cr. It is led by directors including Minhaj Alam (Managing Director) and Sajeev Gopalakrishnan.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vydyuthi Bhavanam Pattom, Thiruvananthapuram, Kerala, India – 695004.
As per the financials filed for FY 2025, the company reported a revenue of ₹22,683 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹540.35 Cr (net margin 2.4%) and EBITDA of ₹4,529.3 Cr (EBITDA margin 20%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹16,728 Cr and satisfied charges of ₹5,906.63 Cr on record. Court records list 6,102 cases involving the company, including 1,302 filed by the company and 4,807 filed against it; 2,132 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹3,499 Cr; the latest was in March 2024. Its 10 peer companies in the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Dakshin Haryana Bijli Vitran Nigam Limited with revenue of ₹26,860 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 304 overdue payments to 60 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 kseb.in.
Company details
Contact details
Kerala State Electricity Board Limited's registered office is in Thiruvananthapuram, Kerala. Its website is kseb.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVydyuthi Bhavanam Pattom, Thiruvananthapuram, Kerala, India – 695004
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Kerala State Electricity Board 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 Kerala State Electricity Board 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 Kerala State Electricity Board Limited, buy the company report.
Financials of Kerala State Electricity Board Limited
FY 2025 filings availableKerala State Electricity Board Limited reported revenue of ₹22,683 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 4% growth in the latest year. EBITDA rose 51% 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 | ₹4,529.3 Cr | ||||
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| Net Profit (PAT) | ₹540.35 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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| Profitability | |||||
| EBITDA Margin | 20% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kerala State Electricity Board Limited, buy the company report.
Board of directors of Kerala State Electricity Board Limited
Kerala State Electricity Board has 9 current directors and 70 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sajeev Gopalakrishnan | Director | 03 Oct 2023 | 3 Years 0 Months | Current |
| Murugadas | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Arun Kumar | Director | 13 Mar 2024 | 2 Years 7 Months | Current |
| Puneet Kumar Also directs: Kerala Hvic Foundation, Smart City Thiruvananthapuram Limited | Director | 26 May 2025 | 1 Years 5 Months | Current |
| Biju Ravindran | Director | 28 Nov 2022 | 3 Years 11 Months | Current |
| Puthukoli Surendra | Director | 31 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Kerala State Electricity Board Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Dakshin Haryana Bijli Vitran Nigam Limited | ₹26,860 Cr (FY 2025) | 10.0% | Haryana, India | |||
| Dakshin Gujarat Vij Company Limited | ₹26,041 Cr (FY 2025) | 0.0% | 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 | |||
| Adani Energy Solutions Limited | ₹24,447 Cr (FY 2025) | 42.0% | Ahmedabad, Gujarat, India | |||
| Kerala State Electricity Board Limitedthis company | ₹22,683 Cr (FY 2025) | ₹540.35 Cr | 2.4% | 4.0% | Thiruvananthapuram, Kerala, India | |
| Dakshinanchal Vidyut Vitran Nigam Limited | ₹22,554 Cr (FY 2025) | 4.0% | Agra, Uttar Pradesh, India | |||
| Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited | ₹22,181 Cr (FY 2025) | 5.0% | Indore, Madhya Pradesh, India | |||
| Ajmer Vidyut Vitran Nigam Limited | ₹21,899 Cr (FY 2025) | -2.0% | Ajmer, Rajasthan, India | |||
| Rajasthan Rajya Vidyut Utpadan Nigam Limited | ₹21,344 Cr (FY 2025) | 6.0% | Jaipur, Rajasthan, India | |||
| Madhyanchal Vidyut Vitran Nigam Limited | ₹21,225 Cr (FY 2025) | -7.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Kerala State Electricity Board Limited, buy the company report.
Auditor
Kerala State Electricity Board Limited is audited by Mohan & Mohan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mohan & Mohan | FY 2023 | 002092S |
Shareholding
The shareholding of Kerala State Electricity Board 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kerala State Electricity Board Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2025 | 101193742 | Others | ₹2,100 Cr | Open | |
| 27 Aug 2025 | 101158340 | Others | ₹1,000 Cr | Open | |
| 23 Jul 2025 | 101139808 | State Bank of India | ₹500 Cr | Open | |
| 02 Jun 2025 | 101114303 | Others | ₹500 Cr | Open | |
| 05 Mar 2025 | 101069107 | Others | ₹500 Cr | Open |
To see the full charge records of Kerala State Electricity Board Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Kerala State Electricity Board Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹3,499 Cr; the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Kerala State Electricity Board 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
Kerala State Electricity Board Limited has 6,102 court cases on record: 1,302 filed by Kerala State Electricity Board, 4,807 filed against it. 2,132 cases are pending and 3,970 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4,528 | 3,874 | 1,314 |
| District courts | 1,418 | 821 | 789 |
| Supreme Court | 133 | 105 | 28 |
| NCLAT | 16 | 3 | 1 |
| NCLT | 7 | 4 | 0 |
Cases on record (5 of 6,102)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2903-Labour and Industrial Laws : Contract labour i.e. engagement, regularization, abolition of contract labour) | Filed by the company against individuals | Disposed |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Aryan Renewable Energy Private Pvt. Ltd | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Kanan Devan Hills Plantations Company Ltd. | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Kanan Devan Hills Plantations Company Ltd | Pending |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by an individual | Disposed |
To see the full case history of Kerala State Electricity Board 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.
Credit ratings & regulatory alerts
Kerala State Electricity Board Limited was last rated by Brickwork on 24 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 24 Mar 2021 |
To see the full credit ratings and regulatory alerts of Kerala State Electricity Board Limited, buy the company report.
MSME payment delays
Kerala State Electricity Board Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 304 overdue payments to 60 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 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Oblum Electrical Industries Pvt Ltd | |||
| M/S. Gautham Cement Works | |||
| United Electrical Industries Ltd | |||
| an individual supplier | |||
| Linknet Solutions Private Limited |
To see the full MSME payment records of Kerala State Electricity Board Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kerala State Electricity Board has 3 joint ventures and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Kerala State Electricity Board has 65 GST registrations: 6 active and 59 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECK2277NBZ1 | Kerala | Active | 01 Jul 2017 |
| 32AAECK2277N1DK | Kerala | Active | 10 Oct 2018 |
| 32AAECK2277N2DJ | Kerala | Active | 11 Oct 2018 |
| 32AAECK2277N3DI | Kerala | Active | 21 Oct 2018 |
To see the full GST registrations and return filing status of Kerala State Electricity Board Limited, buy the company report.
Recent activity
Kerala State Electricity Board Limited has 80 board changes on record since 2011: 10 appointments and 70 cessations. The latest: Minhaj Alam was appointed as Managing Director on 27 Aug 2025.
143 earlier events are in the company report.
News
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Frequently asked questions
Kerala State Electricity Board is an active public limited state government company based in Thiruvananthapuram, Kerala, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 14 January 2011 (15+ years old) and is registered under CIN U40100KL2011SGC027424.
Kerala State Electricity Board has 9 current directors:
- Minhaj Alam - Managing Director
- Sajeev Gopalakrishnan - Director
- Murugadas - Director
- Arun Kumar - Director
- Puneet Kumar - Director
- Biju Ravindran - Director
- Puthukoli Surendra - Director
- Kalluvila Veedu Ravindran Jyothilal - Director
- Swamidas Sivadas - Director
The latest financial statements of Kerala State Electricity Board on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kerala State Electricity Board is 32AAECK2277NBZ1, registered in Kerala. The company has 65 GST registrations in all, of which 6 are active and 59 are cancelled or inactive. Other active GSTINs include 32AAECK2277N1DK (Kerala), 32AAECK2277N2DJ (Kerala), 32AAECK2277N3DI (Kerala).
The CIN (Corporate Identification Number) of Kerala State Electricity Board is U40100KL2011SGC027424. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerala State Electricity Board has 6,102 court cases on record: 1,302 filed by the company and 4,807 filed against it. 2,132 are pending. Most are in the high courts.
Kerala State Electricity Board was incorporated on 14 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
Kerala State Electricity Board has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹3,499 Cr; the latest was in March 2024.
The peers of Kerala State Electricity Board by revenue are Dakshin Haryana Bijli Vitran Nigam Limited, Dakshin Gujarat Vij Company Limited, Purvanchal Vidyut Vitran Nigam Limited, Jodhpur Vidyut Vitran Nigam Limited, Adani Energy Solutions Limited and 5 more, all in the same principal business activity (electric power generation, transmission and distribution).
Minhaj Alam was appointed as Managing Director on 27 Aug 2025. Saji Poulose ceased to be Director on 31 May 2025. Anirudhan Jayathilak ceased to be Director on 26 May 2025. Kerala State Electricity Board has 80 board changes on record in total.
Kerala State Electricity Board has 13 MSME Form 1 returns on record between 2019 and 2024, listing 304 overdue payments to 60 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Kerala State Electricity Board can be reached through the website kseb.in. Its registered office is in Thiruvananthapuram, Kerala, India.
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