Madhya Gujarat Vij Company Limited - Company Profile

It is a energy and power public limited state government company based in Vadodara, Gujarat, India, established in 2003.

2003 Vadodara, Gujarat, India Active

Last Updated: January 10, 2026

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About Madhya Gujarat Vij Company Limited

Madhya Gujarat Vij Company Limited, a active public limited state government company, was established on 15 September 2003 in Vadodara, Gujarat, India. Engaging in power transmission & distribution services within the electricity, gas, steam and air condition supply sector, it holds CIN: U40102GJ2003SGC042907. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹1,000.00 Cr and a paid-up capital of ₹612.67 Cr.

It upholds a compliant status. Employing 6,136 professional, Its leadership includes Kiran Mukundrao Shringarpure (Director), Sailaja Vishvesh Vachhrajani (Cfo), Shanmuganathan Raman (Director). Past directors included Shahmeena Syedafzal Husain, Kirankumar Joshi, Thara Thara. It holds ₹459.00 Cr open charges and ₹1,304.64 Cr settled loans. Its latest AGM occurred on 12 December 2025, with the balance sheet filed on 31 March 2025. It is based at Sardar Patel Vidyut Bhavan Race Course, Vadodara, Gujarat, 390007.

Company Details

CIN/LLPIN
U40102GJ2003SGC042907
Registration Number
042907
Incorporation Date
15 September 2003
Authorized Capital
₹1,000.00 Cr
Paid-Up Capital
₹612.67 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,000.00 Cr as on 10-01-2026
Paid Up Capital ₹ 612.67 Cr as on 10-01-2026
Company Age 22 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 459.00 Cr as on 10-01-2026
Satisfied Charges ₹ 1,304.64 Cr as on 10-01-2026
Revenue Growth **** 19.57% (FY 2023)
Profit Growth **** -69.00% (FY 2023)
Ebitda **** -47.89% (FY 2023)
Net Worth 7.99% (FY 2023)
Total Assets **** 9.29% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Madhya Gujarat Vij Company 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 Madhya Gujarat Vij Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Kiran Mukundrao Shringarpure	Director	22 Jan 2024	Current
Sailaja Vishvesh Vachhrajani	Cfo	25 Sep 2024	Current
Shanmuganathan Raman	Director	22 Jan 2024	Current
Preeti Sharma	Nominee Director	07 Jul 2025	Current
Ajay Pandey	Director	22 Jan 2024	Current
Kamlesh Kumar Jangid	Nominee Director	26 Jul 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	25 Feb 2022	Past
Pramod Abcsdd	Additional Director	28 Dec 2007	Past
Pramod Abcsdd	Nominee Director	29 Jul 2019	Past
Pramod Abcsdd	Director	29 Dec 2014	Past
Pramod Abcsdd	Director	15 Sep 2018	Past
Pramod Abcsdd	Director	10 Nov 2006	Past

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Financial Performance of Madhya Gujarat Vij Company.

Madhya Gujarat Vij Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.57% increase. The company also saw a substantial fall in profitability, with a 69% decrease in profit. The company's net worth moved up by a moderate rise of 7.99%.

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

********

19.57%

*******

Revenue from Operations

*******

19.85%

*******

Total Assets

*******

9.29%

*******

Profit or Loss

*******

-69.00%

*******

Net Worth

*******

7.99%

*******

EBITDA

*******

-47.89%

*******

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What is the Ownership and Shareholding Structure of Madhya Gujarat Vij Company?

In 2023, Madhya Gujarat Vij Company had a promoter holding of 100.00%. 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

₹4,590,000,000.00

Satisfied Charges

₹13,046,425,000.00

Charges Breakdown by Lending Institutions

Uco Bank : 459.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
08 Jan 2007	Uco Bank	₹459.00 Cr	Open
22 Dec 2014	Bank Of Baroda	₹80.00 Cr	Satisfied
19 Dec 2014	Power Finance Corporation Limited	₹14.62 Cr	Satisfied
18 Jul 2014	Power Finance Corporation Limited	₹10.79 Cr	Satisfied
22 Oct 2012	Bank Of Baroda	₹65.00 Cr	Satisfied

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How Many Employees Work at Madhya Gujarat Vij Company?

Madhya Gujarat Vij Company has a workforce of 6136 employees as of Mar 30, 2024. 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 Madhya Gujarat Vij Company, 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 Madhya Gujarat Vij Company'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 Madhya Gujarat Vij Company

Recent Activity within the Organization

Annual General Meeting

The activity Madhya Gujarat Vij Company Limited last Annual general meeting of members was held on 12 Dec 2025 as per latest MCA records. was completed.
12 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 21 days . was completed.
07 Jul 2025
Director Appointment

Jenu Devan was appointed as a Managing Director was appointed as a Managing Director on 24 Jun 2025 & has been associated with this company since 8 months 3 days . was recorded as a recent event.
24 Jun 2025
Director Appointment

The activity Stuti Charan was appointed as a Nominee Director was appointed as a Nominee Director on 08 May 2025 & has been associated with this company since 9 months 20 days . was completed.
08 May 2025
Balance Sheet

Madhya Gujarat Vij Company 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

Sourav Nandy was appointed as a Nominee Director was appointed as a Nominee Director on 25 Feb 2025 & has been associated with this company since 1 year . was recorded as a recent event.
25 Feb 2025

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