About Madhya Pradesh Urban Development Co Limited
Data last updated:
Madhya Pradesh Urban Development Co Limited is a public limited state government company based in Bhopal, Madhya Pradesh, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 27 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U75110MP2015SGC034139. Its GSTIN is 23AAKCM2261L2ZD (Madhya Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Sanket Shantaram Bhondve (Managing Director) and Dipali Rastogi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Amarkantak Bhawan Press Complex Zone – I M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011.
As per the financials filed for FY 2020, the company reported a revenue of ₹15.07 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net loss of ₹13.09 Cr (net margin -86.9%) and EBITDA of -₹3.06 Cr (EBITDA margin -20.3%). Revenue has grown at a compounded annual rate (CAGR) of 189% over three years.
As per MCA filings, the company has open charges of ₹740 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹9 Cr; the latest was in July 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mpudc.co.in.
Company details
Contact details
Madhya Pradesh Urban Development Co Limited's registered office is in Bhopal, Madhya Pradesh. Its website is mpudc.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressAmarkantak Bhawan Press Complex Zone – I M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Madhya Pradesh Urban Development Co 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 Madhya Pradesh Urban Development Co is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies |
To see the full business activity and turnover split of Madhya Pradesh Urban Development Co Limited, buy the company report.
Financials of Madhya Pradesh Urban Development Co Limited
FY 2023 filings availableMadhya Pradesh Urban Development Co Limited reported revenue of ₹15.07 Cr (up 44% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 189% over three years, including 44% growth in the latest year. EBITDA rose 59% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15.07 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.09 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.3% | ||||
| Net Profit Margin | -86.9% | ||||
| 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 Madhya Pradesh Urban Development Co Limited, buy the company report.
Board of directors of Madhya Pradesh Urban Development Co Limited
Madhya Pradesh Urban Development Co has 12 current directors and 47 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanket Shantaram Bhondve Also directs: National Institute for Smart Government | Managing Director | 09 May 2025 | 1 Years 6 Months | Current |
| Dipali Rastogi | Director | 02 Aug 2024 | 2 Years 3 Months | Current |
| Anurag Jain | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Mohan Yadav | Director | 13 Dec 2023 | 2 Years 10 Months | Current |
| Kailash Chandra Vijayvargiya Also directs: Madhya Pradesh Jal Nigam Maryadit | Director | 30 Dec 2023 | 2 Years 10 Months | Current |
| Kishore Kumar Singh Also directs: Sambhv Steel Tubes Limited | Director | 10 Dec 2022 | 3 Years 11 Months | Current |
Auditor
Madhya Pradesh Urban Development Co Limited is audited by A K KHABYA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K KHABYA & CO | FY 2020 | 001994C |
Shareholding
The shareholding of Madhya Pradesh Urban Development Co Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhya Pradesh Urban Development Co Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2019 | 100278064 | Canara Bank | ₹740 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Madhya Pradesh Urban Development Co Limited has 1 deal on record (1 funding round), with disclosed funding of ₹9 Cr; the latest was in July 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Funding round | ₹9 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Madhya Pradesh Urban Development Co Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4602-Tenders/licenses/leases : Tenders/licenses/leases invited by the State Governments/ local bodies/ State public sector undertakings,including cancellation/award of tenders.) | Filed against the company by Joint Venture of M/S Multiurban Infra Services Private Limited and M/S Central India Engineering | Disposed |
To see the full case history of Madhya Pradesh Urban Development Co 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
No delayed payments to MSME suppliers are on our record for Madhya Pradesh Urban Development Co Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Madhya Pradesh Urban Development Co has 7 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Madhya Pradesh Urban Development Co has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAKCM2261L2ZD | Madhya Pradesh | Active | 28 May 2018 |
| 23AAKCM2261L1DN | Madhya Pradesh | Active | 26 Apr 2019 |
To see the full GST registrations and return filing status of Madhya Pradesh Urban Development Co Limited, buy the company report.
Recent activity
Madhya Pradesh Urban Development Co Limited has 58 board changes on record since 2015: 15 appointments and 43 cessations. The latest: Sanjay Dubey was appointed as Director on 06 Jul 2025.
50 earlier events are in the company report.
Frequently asked questions
Madhya Pradesh Urban Development Co is an active public limited state government company based in Bhopal, Madhya Pradesh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 27 April 2015 (11+ years old) and is registered under CIN U75110MP2015SGC034139.
Madhya Pradesh Urban Development Co has 12 current directors:
- Sanket Shantaram Bhondve - Managing Director
- Dipali Rastogi - Director
- Anurag Jain - Director
- Mohan Yadav - Director
- Kailash Chandra Vijayvargiya - Director
- Kishore Kumar Singh - Director
- Sanjay Dubey - Director
- Manish Rastogi - Director
- Rajesh Rajora - Director
- Snehlata Shrivastava - Director
- Parikipandla Narahari - Director
- Sukhveer Singh - Director
The latest financial statements of Madhya Pradesh Urban Development Co on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Madhya Pradesh Urban Development Co is 23AAKCM2261L2ZD, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 23AAKCM2261L1DN (Madhya Pradesh).
The CIN (Corporate Identification Number) of Madhya Pradesh Urban Development Co is U75110MP2015SGC034139. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhya Pradesh Urban Development Co has 1 court case on record: 1 filed against it.
Madhya Pradesh Urban Development Co was incorporated on 27 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Gwalior.
Madhya Pradesh Urban Development Co has 1 deal on record (1 funding round), with disclosed funding of ₹9 Cr; the latest was in July 2020.
Sanjay Dubey was appointed as Director on 06 Jul 2025. Sukhveer Singh was appointed as Director on 01 Jul 2025. Manoharan Sibi Chakkravarthy ceased to be Managing Director on 09 May 2025. Madhya Pradesh Urban Development Co has 58 board changes on record in total.
Madhya Pradesh Urban Development Co can be reached through the website mpudc.co.in. Its registered office is in Bhopal, Madhya Pradesh, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
