About Maharashtra State Electricity Distribution Company Limited
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Maharashtra State Electricity Distribution Company Limited is a public limited state government company based in Mumbai, Maharashtra, India, a subsidiary of Mseb Holding Company Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 31 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40109MH2005SGC153645. Its GSTIN is 27AAECM2933K1ZB (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹60,000 Cr and a paid-up capital of ₹49,722 Cr. It was formerly known as Maharashtra State Distribution Company Limited. It is led by directors including Lokesh Chandra (Managing Director) and Yogesh Madhukar Gadkari (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Prakashgad Plot No G – 9 Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2023, the company reported a revenue of ₹96,319 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹5,199.37 Cr (net margin -5.4%) and EBITDA of -₹10,251 Cr (EBITDA margin -10.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,71,505 Cr and satisfied charges of ₹55,664 Cr on record. Court records list 15,368 cases involving the company, including 11,499 filed by the company and 3,876 filed against it; 4,289 cases are pending. The company has 9 deals on record (5 funding rounds, 2 acquisitions, 1 rights issue), with disclosed funding of ₹5,577.28 Cr; the latest was in October 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahadiscom.in.
Company details
CIN history
Maharashtra State Electricity Distribution Company has one previous CIN (Corporate Identification Number): U40109MH2005PLC153645. The current CIN is U40109MH2005SGC153645, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109MH2005SGC153645 | Current |
| U40109MH2005PLC153645 | Previous |
Contact details
Maharashtra State Electricity Distribution Company Limited's registered office is in Mumbai, Maharashtra. Its website is mahadiscom.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressPrakashgad Plot No G – 9 Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Maharashtra State Electricity Distribution Company 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
Financials of Maharashtra State Electricity Distribution Company Limited
FY 2024 filings availableMaharashtra State Electricity Distribution Company Limited reported revenue of ₹96,319 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 9% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹96,319 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹10,251 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5,199.37 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.6% | ||||
| Net Profit Margin | -5.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Maharashtra State Electricity Distribution Company Limited, buy the company report.
Board of directors and KMP of Maharashtra State Electricity Distribution Company Limited
Maharashtra State Electricity Distribution Company Limited currently reports 9 directors and 1 key managerial person. 48 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Kumar Chaturvedi | Nominee Director | 31 May 2023 | 3 Years 5 Months | Current |
| Abha Shukla | Director | 21 Nov 2022 | 3 Years 11 Months | Current |
| Yogesh Madhukar Gadkari Also directs: Ratnagiri Gas and Power Private Limited, Konkan LNG Limited, Aurangabad Power Company Limited and 1 more | Whole-Time Director | 03 May 2023 | 3 Years 6 Months | Current |
| Jyoti Nitin Chimte | Director | 31 Mar 2022 | 4 Years 7 Months | Current |
| Lokesh Chandra Also directs: Mseb Holding Company Limited, Moil Limited, Ratnagiri Gas and Power Private Limited and 1 more | Managing Director | 02 Jun 2023 | 3 Years 5 Months | Current |
| Anudeep Shrinivas Dighe | Cfo | 01 Feb 2023 | 3 Years 9 Months | Current |
Auditor
Maharashtra State Electricity Distribution Company Limited is audited by G M J & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G M J & CO | FY 2023 | 103429W |
Shareholding
The shareholding of Maharashtra State Electricity Distribution Company 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 Maharashtra State Electricity Distribution Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2025 | 101198469 | Indian Bank | ₹2,000 Cr | Open | |
| 10 Oct 2025 | 101177853 | Others | ₹1,191.2 Cr | Open | |
| 12 Sep 2025 | 101164713 | Uco Bank | ₹1,800 Cr | Open | |
| 12 Sep 2025 | 101162494 | Others | ₹5,000 Cr | Open | |
| 25 Jun 2025 | 101136917 | Others | ₹200 Cr | Open |
To see the full charge records of Maharashtra State Electricity Distribution Company Limited, buy the company report.
Total charge records: 300 View all charges
Deals & funding
Maharashtra State Electricity Distribution Company Limited has 9 deals on record (5 funding rounds, 2 acquisitions, 1 rights issue), with disclosed funding of ₹5,577.28 Cr; the latest was in October 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Funding round | ₹1,098.26 Cr | Investors: Mseb Holding Company Limited |
| Apr 2022 | Funding round | ₹849.41 Cr | Investors: Mseb Holding Company Limited |
| Jun 2021 | Rights issue | ₹50 Cr | Investors: Mseb Holding Company Limited |
| Mar 2018 | Funding round | ₹926.35 Cr | Investors: Mseb Holding Company Limited |
| Mar 2016 | Acquisition | ₹41,094 Cr | Buyer: Mseb Holding Company Limited |
To see the full deal history of Maharashtra State Electricity Distribution Company 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
Maharashtra State Electricity Distribution Company Limited has 15,368 court cases on record: 11,499 filed by Maharashtra State Electricity Distribution Company, 3,876 filed against it. 4,289 cases are pending and 11,079 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11,977 | 1,845 | 3,109 |
| High courts | 3,017 | 1,836 | 1,040 |
| Supreme Court | 324 | 176 | 133 |
| NCLAT | 35 | 5 | 6 |
| NCLT | 15 | 14 | 1 |
Cases on record (5 of 15,368)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed by the company against Adani Power Limited and 3 others | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed by the company against Adani Power Limited and 1 other | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed by the company against Maharashtra Electricity Regulatory Commission and 2 others | Pending |
| Supreme Court | Court case (4301-Service Laws : Appointment, Compassionate appointment, temporary appointment, recruitment,probation and confirmation, suspension, reduction in rank, termination, dismissal, removal, retirement, disciplinary proceedings against employees) | Filed by the company against an individual | 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 Kalpataru Retail Ventures Ltd. | Pending |
To see the full case history of Maharashtra State Electricity Distribution Company 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
Maharashtra State Electricity Distribution Company Limited was last rated by Acuite on 30 Jun 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 30 Jun 2026 |
To see the full credit ratings and regulatory alerts of Maharashtra State Electricity Distribution Company Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maharashtra State Electricity Distribution Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Maharashtra State Electricity Distribution Company has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aurangabad Power Company Limited | U40109MH2007SGC171852 |
To see the full group structure of Maharashtra State Electricity Distribution Company Limited, buy the company report.
Employees & EPFO
Maharashtra State Electricity Distribution Company Limited has a workforce of 4 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Maharashtra State Electricity Distribution Company has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM2933K1ZB | Maharashtra | Active | 01 Jul 2017 |
| 27AAECM2933K1DK | Maharashtra | Active | 29 Sep 2018 |
To see the full GST registrations and return filing status of Maharashtra State Electricity Distribution Company Limited, buy the company report.
Recent activity
Maharashtra State Electricity Distribution Company Limited has 58 board changes on record since 2006: 11 appointments and 47 cessations. The latest: Daryaw Baliram Londhe was appointed as Nominee Director on 05 Aug 2025.
649 earlier events are in the company report.
News
Frequently asked questions
Maharashtra State Electricity Distribution Company is an active public limited state government company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 31 May 2005 (21+ years old) and is registered under CIN U40109MH2005SGC153645.
Maharashtra State Electricity Distribution Company has 10 current directors and KMP:
- Lokesh Chandra - Managing Director
- Yogesh Madhukar Gadkari - Whole-Time Director
- Rajeev Kumar Chaturvedi - Nominee Director
- Abha Shukla - Director
- Jyoti Nitin Chimte - Director
- Vishwas Vasant Pathak - Director
- Rajendra Vishnu Pawar - Additional Director
- Sachin Laxmikant Talewar - Additional Director
- Daryaw Baliram Londhe - Nominee Director
- Anudeep Shrinivas Dighe - Cfo
The latest financial statements of Maharashtra State Electricity Distribution Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Maharashtra State Electricity Distribution Company is 27AAECM2933K1ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECM2933K1DK (Maharashtra).
The CIN (Corporate Identification Number) of Maharashtra State Electricity Distribution Company is U40109MH2005SGC153645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra State Electricity Distribution Company has 15,368 court cases on record: 11,499 filed by the company and 3,876 filed against it. 4,289 are pending. Most are in the district courts.
Maharashtra State Electricity Distribution Company was incorporated on 31 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Maharashtra State Electricity Distribution Company has 9 deals on record (5 funding rounds, 2 acquisitions, 1 rights issue), with disclosed funding of ₹5,577.28 Cr; the latest was in October 2023.
Daryaw Baliram Londhe was appointed as Nominee Director on 05 Aug 2025. Sachin Laxmikant Talewar was appointed as Additional Director on 07 May 2025. Rajendra Vishnu Pawar was appointed as Additional Director on 25 Apr 2025. Maharashtra State Electricity Distribution Company has 58 board changes on record in total.
Maharashtra State Electricity Distribution Company can be reached through the website mahadiscom.in. Its registered office is in Mumbai, Maharashtra, India.
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