Mangalore Electricity Supply Company Limited

State-owned utility company distributing electricity in designated areas of Karnataka.

2002 | Dakshina Kannada, Karnataka (India) | Active
Last Updated:

Mangalore Electricity Supply Company Profile

Key Indicators

  • Authorised Capital ₹ 1,000.00 Cr
  • Paid Up Capital ₹ 817.30 Cr
  • Company Age 22 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3,100.24 Cr
  • Satisfied Charges ₹ 2,255.84 Cr
  • Revenue Growth 16.27%
  • Profit Growth 58.54%
  • Ebitda -3.40%
  • Net Worth 14.07%
  • Total Assets -0.90%

About Mangalore Electricity Supply Company

Mangalore Electricity Supply Company Limited (MESCL) is a leading Public Limited State Government Company incorporated in India on 29 April 2002 and has a history of 22 years and ten months. Its registered office is in Dakshina Kannada, Karnataka, India.

The Company is engaged in the Energy And Power Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1,000.00 Cr and a paid-up capital of Rs 817.30 Cr.

The company currently has active open charges totaling ₹3,100.24 Cr. The company has closed loans amounting to ₹2,255.84 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mangalore Electricity Supply Company Limited India are Prabhat Joshi as COMPANY SECRETARY and Harishchandra Borkar as Cfo. Rajee Jayakumar, Dalavayee Kodandapani, Reju Thankachan, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Dakshina Kannada, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U40109KA2002SGC030425

  • Company No.

    030425

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    29 Apr 2002

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Energy and Power
Company report

Mangalore Electricity Supply Company Limited

Explore comprehensive data for Mangalore Electricity Supply Company Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Mangalore Electricity Supply Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajee Jayakumar Country flag representing In Managing Director26-Nov-2024Current
Prabhat Joshi Country flag representing In Company Secretary06-Jun-2019Current
Harishchandra Borkar CFO12-Feb-2025Current

Board Members (9)

NameDesignationAppointment DateStatus
Dalavayee Kodandapani Country flag representing In Director 16-Mar-2024Current
Reju Thankachan Country flag representing In Director 18-Aug-2023Current
Balaram Krishanappa Director 16-Jul-2024Current
Snehal Lokhande Director 12-Dec-2024Current
Mahadevaswamy Mahadevayya Whole-Time Director 23-Aug-2024Current
Sagadageri Prashantkumar Director 14-Aug-2024Current

Financial Performance of Mangalore Electricity Supply Company.

Mangalore Electricity Supply Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.27% increase. The company also saw a substantial improvement in profitability, with a 58.54% increase in profit. The company's net worth Soared by an impressive increase of 14.07%.

Mangalore Electricity Supply Company revenue growth over time
Mangalore Electricity Supply Company profit and loss trends over time
  • 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
16.27%
Revenue from Operations
16.66%
Total Assets
-0.90%
Profit or Loss
58.54%
Net Worth
14.07%
EBITDA
-3.40%

What is the Ownership and Shareholding Structure of Mangalore Electricity Supply Company?

In 2023, Mangalore Electricity Supply Company 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 Indicator graph

Charges (Loans)

Open Charges

₹3,100.24 Cr

Satisfied Charges

₹2,255.84 Cr

Charges Breakdown by Lending Institutions

  • Others : 972.74 Cr
  • State Bank Of India : 710.00 Cr
  • Bank Of India : 540.00 Cr
  • Syndicate Bank : 500.00 Cr
  • Indian Bank : 220.00 Cr
  • Others : 157.50 Cr

Latest Charge Details

DateLenderAmountStatus
30 Mar 2024State Bank Of India₹200.00 CrOpen
30 Mar 2024State Bank Of India₹75.00 CrOpen
09 Jan 2024State Bank Of India₹300.00 CrOpen
29 Mar 2022Indian Bank₹220.00 CrOpen
11 Jun 2021Bank Of India₹280.00 CrOpen

How Many Employees Work at Mangalore Electricity Supply Company?

Mangalore Electricity Supply Company has a workforce of 45 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Mangalore Electricity Supply Company Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mangalore Electricity Supply 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 Mangalore Electricity Supply Company's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Mangalore Electricity Supply Company

Recent activity within the organization

  • Director Appointment

    Harishchandra Borkar was appointed as a Cfo was appointed as a Cfo on 12 Feb 2025 & has been associated with this company since 1 month 8 days .

  • Director Appointment

    Snehal Sudhakar Lokhande was appointed as a Director was appointed as a Director on 12 Dec 2024 & has been associated with this company since 3 months 11 days .

  • Director Appointment

    Rajee Jayakumar was appointed as a Managing Director was appointed as a Managing Director on 26 Nov 2024 & has been associated with this company since 3 months 27 days .

  • Annual General Meeting

    Mangalore Electricity Supply Company Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 19 Aug 2013 via Charge ID 10448012 with Canara Bank was fully satisfied on 24 Sep 2024.

  • Director Appointment

    Shimoga Achyuthamurthy Pushpa was appointed as a Director was appointed as a Director on 19 Sep 2024 & has been associated with this company since 6 months 4 days .

Frequently asked questions

  • What is the Incorporation or founding date of Mangalore Electricity Supply Company Limited?

    Mangalore Electricity Supply Company Limited was incorporated on 29 Apr 2002.

  • What is authorized share capital and paid-up capital of Mangalore Electricity Supply Company Limited?

    The authorized share capital of Mangalore Electricity Supply Company Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 817.30 Cr.

  • Who are the current board members & directors of Mangalore Electricity Supply Company Limited?

    Currently 12 directors are associated with Mangalore Electricity Supply Company Limited.

    • Rajee Jayakumar
    • Dalavayee Kodandapani
    • Reju Murickummoodu Thankachan
    • Balaram Krishanappa
    • Snehal Sudhakar Lokhande
    • Mahadevaswamy Prasanna Koluthur Mahadevayya
    • Sagadageri Beeranna Prashantkumar
    • Shimoga Achyuthamurthy Pushpa
    • Prabhat Mahabaleshwara Joshi
    • Harishchandra Borkar
    • Shivanna
    • Pankaj Kumar Pandey

  • What is the registered address of Mangalore Electricity Supply Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mangalore Electricity Supply Company Limited is Mescom Bhavana Bejai, Kavoor Cross Road India, Mangalore, Karnataka, 575004.

  • What is the corporate identification number (CIN) and company number of Mangalore Electricity Supply Company Limited?

    The corporate identification number (CIN) of Mangalore Electricity Supply Company Limited is U40109KA2002SGC030425 and the company number is 030425 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mangalore Electricity Supply Company Limited?

    The Official website of Mangalore Electricity Supply Company Limited is https://www.mescom.karnataka.gov.in

  • What has been the recent revenue trend for Mangalore Electricity Supply Company Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mangalore Electricity Supply Company Limited has risen by 16.27%.

  • How many employees does Mangalore Electricity Supply Company Limited currently have?

    As Per 2023 financial reports, 45 employees are currently employed by Mangalore Electricity Supply Company Limited.

  • What change has been observed in the net worth of Mangalore Electricity Supply Company Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mangalore Electricity Supply Company Limited has experienced an upsurge of 14.07%.

  • What are the total open charges for Mangalore Electricity Supply Company Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mangalore Electricity Supply Company Limited amount to ₹ 3,100.24 Cr.

  • When was the last Balance Sheet of Mangalore Electricity Supply Company Limited filed with the ROC?

    The most recent Balance Sheet for Mangalore Electricity Supply Company Limited was filed with the ROC on 31 Mar 2024.

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