Maharashtra State Power Generation 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 06, 2026

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About Maharashtra State Power Generation Company Limited

Maharashtra State Power Generation Company Limited, a active public limited state government company, was established on 31 May 2005 in Mumbai, Maharashtra, India. Engaging in thermal power generation & plants within the electricity, gas, steam and air condition supply sector, it holds CIN: U40100MH2005SGC153648. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹40,000.00 Cr and a paid-up capital of ₹26,304.19 Cr.

It upholds a compliant status. Its leadership includes Abhay Arun Harne (Whole-Time Director), Sanjay Manoharrao Marudkar (Whole-Time Director), Abha Shukla (Director). Past directors included Aseem Kumar Surendrakumar Gupta, Sitaram Kunte, Shyamsunder Daulatrao Wardhane. It holds ₹77,431.96 Cr open charges and ₹15,965.71 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2024. It is based at Prakashgad Plot No G-9Anant Kanekar Marg Bandra (East), Mumbai, Maharashtra, 400051.

Company Details

CIN/LLPIN
U40100MH2005SGC153648
Registration Number
153648
Incorporation Date
31 May 2005
Authorized Capital
₹40,000.00 Cr
Paid-Up Capital
₹26,304.19 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 40,000.00 Cr as on 06-01-2026
Paid Up Capital ₹ 26,304.19 Cr as on 06-01-2026
Company Age 20 Year, 8 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 77,431.96 Cr as on 06-01-2026
Satisfied Charges ₹ 15,965.71 Cr as on 06-01-2026
Revenue Growth **** 41.71% (FY 2023)
Profit Growth **** 51.59% (FY 2023)
Ebitda **** -60.95% (FY 2023)
Net Worth -4.07% (FY 2023)
Total Assets **** 5.08% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra State Power Generation 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 Power Generation Company Limited?

Current Directors

Name	Designation	Appointment Date	Status
Abhay Arun Harne	Whole-Time Director	20 Jun 2023	Current
Sanjay Manoharrao Marudkar	Whole-Time Director	29 Jun 2022	Current
Abha Shukla	Director	21 Nov 2022	Current
Radhakrishnan Balasubramanian	Managing Director	26 Dec 2024	Current
Vishwas Vasant Pathak	Director	01 Sep 2025	Current
Manesh Vishwanath Waghirkar	Cfo	09 Jul 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	29 Jan 2021	Past
Pramod Abcsdd	Additional Director	18 Nov 2011	Past
Pramod Abcsdd	Director	12 Nov 2018	Past
Pramod Abcsdd	Additional Director	28 Aug 2016	Past
Pramod Abcsdd	Whole-Time Director	07 Feb 2023	Past
Pramod Abcsdd	Director	21 Feb 2007	Past

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Financial Performance of Maharashtra State Power Generation Company.

Maharashtra State Power Generation Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41.71% increase. The company also saw a substantial improvement in profitability, with a 51.59% increase in profit. The company's net worth dipped by a decrease of 4.07%.

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

********

41.71%

*******

Revenue from Operations

*******

31.28%

*******

Total Assets

*******

5.08%

*******

Profit or Loss

*******

51.59%

*******

Net Worth

*******

-4.07%

*******

EBITDA

*******

-60.95%

*******

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What is the Ownership and Shareholding Structure of Maharashtra State Power Generation Company?

In 2023, Maharashtra State Power Generation Company had a promoter holding of 100.00%. The company had 3 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

₹774,319,608,000.00

Satisfied Charges

₹159,657,100,000.00

Charges Breakdown by Lending Institutions

Others : 44130.83 Cr
Indian Bank : 11330.00 Cr
Bank Of India : 10700.00 Cr
Rural Electrification Corporation Limited : 5280.87 Cr
Power Finance Corporation Limited : 3203.72 Cr
Others : 2786.54 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Jul 2025	Others	₹1,558.42 Cr	Open
30 Jun 2025	Others	₹449.00 Cr	Open
30 Jun 2025	Others	₹500.00 Cr	Open
25 Jun 2025	Indian Bank	₹4,665.00 Cr	Open
23 Jun 2025	Others	₹2,048.80 Cr	Open

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How Many Employees Work at Maharashtra State Power Generation Company?

Unlock and access historical data on people associated with Maharashtra State Power Generation 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 Power Generation 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 Power Generation 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 Power Generation Company

Recent Activity within the Organization

Charges

The activity A charge registered on 30 Sep 2020 via Charge ID 100374596 with Indian Bank was fully satisfied on 11 Dec 2025. was completed.
11 Dec 2025
Charges

Progress on A charge registered on 02 Aug 2007 via Charge ID 10067112 with Indian Bank was fully satisfied on 11 Dec 2025. was documented.
11 Dec 2025
Annual General Meeting

The activity Maharashtra State Power Generation Company Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was completed.
25 Sep 2025
Charges

A charge with Indian Bank of Rs. 6,665.00 Cr registered on 28 Sep 2012 with Charge ID 10381072 was modified on 24 Sep 2025. was recorded as a recent event.
24 Sep 2025
Charges

Progress on A charge registered on 09 Sep 2022 via Charge ID 100610315 with Others was fully satisfied on 23 Sep 2025. was documented.
23 Sep 2025
Charges

A charge with Indian Bank of Rs. 4,665.00 Cr registered on 25 Jun 2025 with Charge ID 101115779 was modified on 22 Sep 2025. was recorded as a recent event.
22 Sep 2025

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