Mahanadi Coalfields Limited - Company Profile

Q: Who are the current directors of Mahanadi Coalfields Limited?

The current directors of Mahanadi Coalfields Limited are Akshay Shrikant Bapat, Rajesh Kumar Verma, Uday Anantrao Kaole, Ajit Kumar Behura, Mukesh Choudhary, Keshav Rao, Sanjay Kumar Jha, Soubhagya Parida, Dayashankar Chandrashekhar Tiwari, Asha Lakra, Sanjiv Kumar Kassi.

It is a metals and minerals private limited union government company based in Sambalpur, Orissa, India, established in 1992.

1992 Sambalpur, Orissa, India Active

Last Updated: December 23, 2025

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About Mahanadi Coalfields Limited

Mahanadi Coalfields Limited, a active private limited union government company, was established on 03 April 1992 in Sambalpur, Orissa, India. Engaging in mining & mineral extraction within the mining and quarrying sector, it holds CIN: U10102OR1992GOI003038. Registered under ROC Roc Cuttack. it is unlisted. It has an authorized capital of ₹1,600.00 Cr and a paid-up capital of ₹1,323.67 Cr.

It upholds a compliant status. Its leadership includes Akshay Shrikant Bapat (Whole-Time Director), Rajesh Kumar Verma (Director), Uday Anantrao Kaole (Managing Director). Past directors included Akshay Shrikant Bapat, Bipin Kumar Saxena, Seema Sharma. It holds ₹430.00 Cr open charges and no settled loans. Its latest AGM occurred on 08 August 2025, with the balance sheet filed on 31 March 2025. It is based at Jagruti Vihar Burla, Sambalpur, Orissa, 768020.

Company Details

CIN/LLPIN
U10102OR1992GOI003038
Registration Number
003038
Incorporation Date
03 April 1992
Authorized Capital
₹1,600.00 Cr
Paid-Up Capital
₹1,323.67 Cr
ROC Code
Roc Cuttack
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,600.00 Cr as on 23-12-2025
Paid Up Capital ₹ 1,323.67 Cr as on 23-12-2025
Company Age 33 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 430.00 Cr as on 23-12-2025
Revenue Growth **** 42.09% (FY 2023)
Profit Growth **** 58.90% (FY 2023)
Ebitda **** 61.31% (FY 2023)
Net Worth 62.04% (FY 2023)
Total Assets **** 20.27% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Mahanadi Coalfields 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 Mahanadi Coalfields Limited?

Current Directors

Name	Designation	Appointment Date	Status
Akshay Shrikant Bapat	Whole-Time Director	02 Jun 2023	Current
Rajesh Kumar Verma	Director	31 May 2023	Current
Uday Anantrao Kaole	Managing Director	19 Dec 2023	Current
Ajit Kumar Behura	Whole-Time Director	01 Aug 2022	Current
Mukesh Choudhary	Nominee Director	27 Jan 2023	Current
Keshav Rao	Whole-Time Director	18 Dec 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Whole-Time Director	30 Nov 2024	Past
Pramod Abcsdd	Director	31 Jan 2016	Past
Pramod Abcsdd	Director	05 Sep 2020	Past
Pramod Abcsdd	Wholetime Director	07 Mar 2019	Past
Pramod Abcsdd	Director	27 Jan 2010	Past
Pramod Abcsdd	Director	17 Nov 2019	Past

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Financial Performance of Mahanadi Coalfields.

Mahanadi Coalfields Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 42.09% increase. The company also saw a substantial improvement in profitability, with a 58.9% increase in profit. The company's net worth Soared by an impressive increase of 62.04%.

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

********

42.09%

*******

Revenue from Operations

*******

42.47%

*******

Total Assets

*******

20.27%

*******

Profit or Loss

*******

58.90%

*******

Net Worth

*******

62.04%

*******

EBITDA

*******

61.31%

*******

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What is the Ownership and Shareholding Structure of Mahanadi Coalfields?

In 2023, Mahanadi Coalfields had a promoter holding of 100.00%. The company had 4 Subsidiaries. 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

₹4,300,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

State Bank Of India : 430.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
16 Dec 2003	State Bank Of India	₹430.00 Cr	Open

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How Many Employees Work at Mahanadi Coalfields?

Unlock and access historical data on people associated with Mahanadi Coalfields, 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 Mahanadi Coalfields, 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 Mahanadi Coalfields's trajectory.

Rating

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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 Mahanadi Coalfields

Recent Activity within the Organization

Annual General Meeting

Mahanadi Coalfields Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records. was recorded as a recent event.
08 Aug 2025
Balance Sheet

The activity Mahanadi Coalfields Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack. was completed.
31 Mar 2025
Director Appointment

The activity Sanjay Kumar Jha was appointed as a Director was appointed as a Director on 07 Mar 2025 & has been associated with this company since 11 months 11 days . was completed.
07 Mar 2025
Director Appointment

Uday Anantrao Kaole was appointed as a Managing Director was appointed as a Managing Director on 19 Dec 2023 & has been associated with this company since 2 years 2 months . was recorded as a recent event.
19 Dec 2023
Director Appointment

The activity Akshay Shrikant Bapat was appointed as a Whole-time director was appointed as a Whole-time director on 02 Jun 2023 & has been associated with this company since 2 years 8 months . was completed.
02 Jun 2023
Director Appointment

Rajesh Kumar Verma was appointed as a Director was appointed as a Director on 31 May 2023 & has been associated with this company since 2 years 8 months . was recorded as a recent event.
31 May 2023

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