Maharashtra State Electricity Transmission Company Limited - Company Profile

It is a energy and power public limited state government company based in Mumbai, Maharashtra, India, established in 2005.

2005 Mumbai, Maharashtra, India Active

Last Updated: January 11, 2026

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About Maharashtra State Electricity Transmission Company Limited

Maharashtra State Electricity Transmission Company Limited, a active public limited state government company, was established on 31 May 2005 in Mumbai, Maharashtra, India. Engaging in power transmission & distribution services within the electricity, gas, steam and air condition supply sector, it holds CIN: U40109MH2005SGC153646. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹15,000.00 Cr and a paid-up capital of ₹8,984.97 Cr.

Formerly known as Maharashtra State Transmission Company Limited. It upholds a compliant status. Its leadership includes Vineeta Shriwani (Company Secretary), Abha Shukla (Nominee Director), Trupti Nitin Mudholkar (Cfo). Past directors included Aseem Kumar Surendrakumar Gupta, Pramod Gopalrao Khandalkar, Pradeep Ranjan Rath. It holds ₹12,357.39 Cr open charges and ₹17,295.76 Cr settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at Prakashganga Plot No C 19 Eblock Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, 400051.

Company Details

CIN/LLPIN
U40109MH2005SGC153646
Registration Number
153646
Incorporation Date
31 May 2005
Authorized Capital
₹15,000.00 Cr
Paid-Up Capital
₹8,984.97 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 15,000.00 Cr as on 11-01-2026
Paid Up Capital ₹ 8,984.97 Cr as on 11-01-2026
Company Age 20 Year, 9 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 12,357.39 Cr as on 11-01-2026
Satisfied Charges ₹ 17,295.76 Cr as on 11-01-2026
Revenue Growth **** 9.20% (FY 2023)
Profit Growth **** 8.51% (FY 2023)
Ebitda **** -13.70% (FY 2023)
Net Worth 7.73% (FY 2023)
Total Assets **** 4.17% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra State Electricity Transmission 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 Maharashtra State Electricity Transmission Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vineeta Shriwani	Company Secretary	22 Jun 2022	Current
Abha Shukla	Nominee Director	29 Nov 2022	Current
Trupti Nitin Mudholkar	Cfo	19 Jul 2024	Current
Satish Vitthalrao Chavan	Director	05 Mar 2024	Current
Sugat Shankar Gamare	Director	10 Jan 2022	Current
Sanjeev Kalidass Jarngal	Managing Director	03 May 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	29 Jan 2021	Past
Pramod Abcsdd	Director	07 May 2010	Past
Pramod Abcsdd	Company Secretary	09 Dec 2009	Past
Pramod Abcsdd	Additional Director	17 Nov 2011	Past
Pramod Abcsdd	Company Secretary	21 Jun 2022	Past
Pramod Abcsdd	Director	16 Feb 2007	Past

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Financial Performance of Maharashtra State Electricity Transmission Company.

Maharashtra State Electricity Transmission Company Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.2% increase. The company also saw a slight improvement in profitability, with a 8.51% increase in profit. The company's net worth moved up by a moderate rise of 7.73%.

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

********

9.20%

*******

Revenue from Operations

*******

0.65%

*******

Total Assets

*******

4.17%

*******

Profit or Loss

*******

8.51%

*******

Net Worth

*******

7.73%

*******

EBITDA

*******

-13.70%

*******

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What is the Ownership and Shareholding Structure of Maharashtra State Electricity Transmission Company?

In 2023, Maharashtra State Electricity Transmission Company had a promoter holding of 100.00%. The company had 2 Joint Ventures. 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

₹123,573,934,754.00

Satisfied Charges

₹172,957,604,377.00

Charges Breakdown by Lending Institutions

Others : 6925.24 Cr
Power Finance Corporation Limited : 3976.01 Cr
Rural Electrification Corporation Limited : 1066.15 Cr
Bank Of India : 300.00 Cr
Canara Bank : 90.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
20 Mar 2023	Others	₹10.75 Cr	Open
20 Mar 2023	Others	₹5.40 Cr	Open
20 Mar 2023	Others	₹5.81 Cr	Open
20 Mar 2023	Others	₹12.05 Cr	Open
20 Mar 2023	Others	₹22.89 Cr	Open

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How Many Employees Work at Maharashtra State Electricity Transmission Company?

Unlock and access historical data on people associated with Maharashtra State Electricity Transmission Company, 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 Maharashtra State Electricity Transmission 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 Maharashtra State Electricity Transmission 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 Maharashtra State Electricity Transmission Company

Recent Activity within the Organization

Director Appointment

The activity Vishwas Vasant Pathak was appointed as a Director was appointed as a Director on 12 Sep 2025 & has been associated with this company since 5 months 18 days . was completed.
12 Sep 2025
Charges

Progress on A charge registered on 02 Jun 2021 via Charge ID 100453716 with Bank Of India was fully satisfied on 09 Jul 2025. was documented.
09 Jul 2025
Charges

Progress on A charge registered on 27 Jul 2020 via Charge ID 100367723 with Bank Of India was fully satisfied on 09 Jul 2025. was documented.
09 Jul 2025
Charges

The activity A charge registered on 19 Aug 2017 via Charge ID 100121381 with Bank Of India was fully satisfied on 09 Jul 2025. was completed.
09 Jul 2025
Charges

The activity A charge registered on 13 Aug 2018 via Charge ID 100201635 with Canara Bank was fully satisfied on 07 Jul 2025. was completed.
07 Jul 2025
Annual General Meeting

Progress on Maharashtra State Electricity Transmission Company Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was documented.
27 Sep 2024

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