Mahagenco Renewable Energy Limited - Company Profile

It is a energy and power public limited state government company based in Mumabai, Maharashtra, India, established in 2007.

2007 Mumabai, Maharashtra, India Active

Last Updated: February 17, 2026

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About Mahagenco Renewable Energy Limited

Mahagenco Renewable Energy Limited, a active public limited state government company, was established on 24 August 2007 in Mumabai, Maharashtra, India. Engaging in thermal power generation & plants within the energy and power sector, it holds CIN: U40105MH2007SGC173433. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹30.00 Cr and a paid-up capital of ₹10.05 Cr.

Formerly known as Dhule Thermal Power Company Limited, Mahagenco Ash Management Services Limited. It upholds a compliant status. Its leadership includes Abhay Arun Harne (Director), Radhakrishnan Balasubramanian (Director), Manesh Vishwanath Waghirkar (Director). Past directors included Pralhad Jagannath Jawale, Govind Madhaorao Makone, Shyamsunder Daulatrao Wardhane. Its latest AGM occurred on 31 December 2025, with the balance sheet filed on 31 March 2025. It is based at Prakashgad 2Nd Floor Plot No G-9 Prof Anant Kanekar Marg Bandra East, Mumabai, Maharashtra, 400051.

Company Details

CIN/LLPIN
U40105MH2007SGC173433
Registration Number
173433
Incorporation Date
24 August 2007
Authorized Capital
₹30.00 Cr
Paid-Up Capital
₹10.05 Cr
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 30.00 Cr as on 17-02-2026
Paid Up Capital ₹ 10.05 Cr as on 17-02-2026
Company Age 18 Year, 6 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 5.25% (FY 2023)
Profit Growth **** 42.69% (FY 2023)
Ebitda **** 40.87% (FY 2023)
Net Worth -5.73% (FY 2023)
Total Assets -1.61% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Mahagenco Renewable Energy 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 Mahagenco Renewable Energy Limited?

Current Directors

Name	Designation	Appointment Date	Status
Abhay Arun Harne	Director	23 May 2023	Current
Radhakrishnan Balasubramanian	Director	29 Jan 2025	Current
Manesh Vishwanath Waghirkar	Director	10 Sep 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	07 Mar 2020	Past
Pramod Abcsdd	Director	01 Nov 2007	Past
Pramod Abcsdd	Managing Director	12 Nov 2018	Past
Pramod Abcsdd	Managing Director	28 Sep 2016	Past
Pramod Abcsdd	Director	23 May 2023	Past
Pramod Abcsdd	Director	10 Sep 2025	Past

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Financial Performance of Mahagenco Renewable Energy.

Mahagenco Renewable Energy Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.25% increase. The company also saw a substantial improvement in profitability, with a 42.69% increase in profit. The company's net worth dipped by a decrease of 5.73%.

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

********

5.25%

*******

Revenue from Operations

*******

Total Assets

*******

-1.61%

*******

Profit or Loss

*******

42.69%

*******

Net Worth

*******

-5.73%

*******

EBITDA

*******

40.87%

*******

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What is the Ownership and Shareholding Structure of Mahagenco Renewable Energy?

In 2023, Mahagenco Renewable Energy 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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How Many Employees Work at Mahagenco Renewable Energy?

Unlock and access historical data on people associated with Mahagenco Renewable Energy, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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 Mahagenco Renewable Energy, 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 Mahagenco Renewable Energy's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Mahagenco Renewable Energy

Recent Activity within the Organization

Annual General Meeting

Progress on Mahagenco Renewable Energy Limited last Annual general meeting of members was held on 31 Dec 2025 as per latest MCA records. was documented.
31 Dec 2025
Director Appointment

Manesh Vishwanath Waghirkar was appointed as a Director was appointed as a Director on 10 Sep 2025 & has been associated with this company since 5 months 15 days . was recorded as a recent event.
10 Sep 2025
Director Appointment

The activity Harshal Bhaskare was appointed as a Ceo was appointed as a Ceo on 21 May 2025 & has been associated with this company since 9 months 5 days . was completed.
21 May 2025
Director Appointment

The activity Pankaj Sharma was appointed as a Cfo was appointed as a Cfo on 21 May 2025 & has been associated with this company since 9 months 5 days . was completed.
21 May 2025
Balance Sheet

The activity Mahagenco Renewable Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was completed.
31 Mar 2025
Director Appointment

Rahul Dubey was appointed as a Company Secretary was appointed as a Company Secretary on 27 Feb 2025 & has been associated with this company since 11 months 27 days . was recorded as a recent event.
27 Feb 2025

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