India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,320 Pankaj Lochan Mohanty ₹1,700 Cr
Revenue · FY 2025
₹1,048.19 Cr
▼ 16% YoY
Net profit · FY 2025
₹188.8 Cr
Net margin 18%
EBITDA · FY 2025
₹304.97 Cr
EBITDA margin 29.1%
Authorised capital
₹190 Cr
Registered with MCA
Paid-up capital
₹22.76 Cr
Issued & subscribed
Open charges
₹743.07 Cr
Satisfied ₹756.61 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
555
Provident fund records
About MGM Minerals Limited
Data last updated:
MGM Minerals Limited is a public limited company based in Bhubaneswar, Odisha, India. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 16 April 1996 and has been in existence for over 30 years.
Its director Pankaj Lochan Mohanty is #1,320 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72101OR1996PLC004413. Its GSTIN is 21AADCM2818E1Z1 (Odisha). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹190 Cr and a paid-up capital of ₹22.76 Cr. It is led by directors including Srikanta Behera (Whole-Time Director) and Sabita Mohanty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. – 65 Forest Park, Bhubaneswar, Odisha, India – 751009.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,048.19 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹188.8 Cr (net margin 18%) and EBITDA of ₹304.97 Cr (EBITDA margin 29.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over five years.
The company has about 555 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹743.07 Cr and satisfied charges of ₹756.61 Cr on record. Court records list 26 cases involving the company, including 9 filed by the company and 17 filed against it; 7 cases are pending. The company has 14 deals on record (13 secondary share transfers, 1 funding round), with disclosed funding of ₹21 Cr; the latest was in November 2021. Its 6 peer companies in the Metals and Minerals industry (Mining, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 2 smaller; the largest is Bombay Coated and Special Steels Limited with revenue of ₹1,058.65 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgmmin.in.
Company details
CIN U72101OR1996PLC004413
Registration Number 004413
Incorporation Date 16 April 1996
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Srikanta Behera Whole-Time Director Sabita Mohanty Whole-Time Director Padma Lochan Mohanty Whole-Time Director Recognitions & Rankings of MGM Minerals
Contact details
MGM Minerals Limited's registered office is in Bhubaneswar, Odisha. Its website is mgmmin.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. – 65 Forest Park, Bhubaneswar, Odisha, India – 751009
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of MGM Minerals Limited, buy the company report.
Comprehensive company report
MGM Minerals Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of MGM Minerals is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of MGM Minerals Limited, buy the company report.
Financials of MGM Minerals Limited
FY 2025 filings availableMGM Minerals Limited reported revenue of ₹1,048.19 Cr (down 16% YoY) for FY 2025.
Revenue · FY 2025
₹1,048.19 Cr ▼ 16%
Net profit · FY 2025
₹188.8 Cr margin 18%
EBITDA · FY 2025
₹304.97 Cr margin 29.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 16%
5 years · compounded
▲ 19%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 19% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹304.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹188.8 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.1% | ||||
| Net Profit Margin | 18% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of MGM Minerals Limited, buy the company report.
Board of directors of MGM Minerals Limited
MGM Minerals has 9 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nihar Ranjan Mohanty Also directs: Idcol Software Limited | Director | 14 Aug 2021 | 5 Years 2 Months | Current |
| Srikanta Behera | Whole-Time Director | 15 Apr 2020 | 6 Years 6 Months | Current |
| Krushna Chandra Samal | Director | 09 May 2025 | 1 Years 5 Months | Current |
| Sabita Mohanty Also directs: Wildlotus Fashions Private Limited, MGM Biofuels Private Limited, MGM Foundation and 5 more | Whole-Time Director | 21 Sep 2013 | 13 Years 1 Months | Current |
| Padma Lochan Mohanty Also directs: Wildlotus Fashions Private Limited, MGM Biofuels Private Limited, MGM Foundation and 5 more | Whole-Time Director | 21 Sep 2013 | 13 Years 1 Months | Current |
| Siddhartha Mohanty Also directs: MGM Biofuels Private Limited, MGM Foundation, Veggiekart Marketing Private Limited and 5 more | Whole-Time Director | 01 Jun 2023 | 3 Years 4 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
MGM Minerals Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Mining, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bombay Coated and Special Steels Limited | ₹1,058.65 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Maa Kudargarhi Power and Ispat Private Limited | ₹1,058.63 Cr (FY 2025) | 63.0% | Raipur, Chhattisgarh, India | |||
| Hero Steels Limited | ₹1,056.97 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Vishal Precision Steel Tubes and Strips Private Limited | ₹1,054.9 Cr (FY 2025) | 66.0% | Hoskote, Karnataka, India | |||
| MGM Minerals Limitedthis company | ₹1,048.19 Cr (FY 2025) | ₹188.8 Cr | 18% | -16.0% | 555 | Bhubaneswar, Odisha, India |
| Suncity Metals and Tubes Private Limited | ₹1,024.43 Cr (FY 2025) | 19.0% | Jodhpur, Rajasthan, India | |||
| Shritirupati Steelcast Limited | ₹1,013.68 Cr (FY 2024) | -11.0% | Bangalore, Karnataka, India |
To see the full peer comparison of MGM Minerals Limited, buy the company report.
Auditor
MGM Minerals Limited is audited by PAMS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAMS & ASSOCIATES | FY 2023 | 316079E |
Shareholding
The shareholding of MGM Minerals Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MGM Minerals Limited, buy the company report.
Charges & borrowings
Open charges
₹743.07 Cr
Satisfied charges
₹756.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101104607 | Sbicap Trustee Company Limited | ₹743.07 Cr | Open | |
| 17 Feb 2023 | 100684883 | Indian Bank | ₹53 Cr | Satisfied | |
| 09 Aug 2022 | 100607944 | Sbicap Trustee Company Limited | ₹500 Cr | Satisfied | |
| 29 Jan 2020 | 100325745 | Hdfc Bank Limited | ₹6.82 Cr | Satisfied | |
| 07 Nov 2012 | 10389743 | Oriental Bank of Commerce | ₹7.5 Cr | Satisfied |
To see the full charge records of MGM Minerals Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
MGM Minerals Limited has 14 deals on record (13 secondary share transfers, 1 funding round), with disclosed funding of ₹21 Cr; the latest was in November 2021.
Total deals
14
Secondary share transfers
13
Funding round
1
Disclosed funding
₹21 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Pankaj Mohanty Trust, Sabita Mohanty Private Trust Seller: 2 individuals |
| Jan 2021 | Secondary share transfer | Undisclosed | Seller: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: MGM Minerals Employee Welfare Trust Seller: an individual |
| Oct 2019 | Secondary share transfer | Undisclosed | Seller: MGM Green Energy Limited , 2 individuals |
| Apr 2019 | Secondary share transfer | Undisclosed | Seller: MGM Green Energy Limited |
To see the full deal history of MGM Minerals 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
MGM Minerals Limited has 26 court cases on record: 9 filed by MGM Minerals, 17 filed against it. 7 cases are pending and 19 are disposed.
Total cases
26
Filed by the company
9
Filed against the company
17
Pending
7
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 9 | 4 |
| District courts | 9 | 7 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Orissa | Civil suit | Filed by the company against Ms Action Ispat and Power Pvt. Ltd and Others | Disposed |
| High Court of Orissa | Arbitration matter | Filed against the company by Gannon Dunkerley and Co.Ltd., Kolkata | Pending |
| High Court, ORISSA | Court case (OTAPL) | Filed against the company by Commissioner CGST and Central Excise,Rourkela Tushar Kanti Satapathy,Sr.Sc | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by M/S Maa Kalika Bhandar Represented Through Its Proprietor Pawan Kumar Jajodia At-Malgodown, ,Cuttack , Orissa and 1 other | Pending |
| District court, Dhenkanal, Odisha | Court case (G.R.Case) | Filed against the company by State of Odisha | Pending |
To see the full case history of MGM Minerals 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.
MSME payment delays
MGM Minerals Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Batliboi Environmental Engineering Limited | |||
| an individual supplier | |||
| Sbicap Trustee Company Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of MGM Minerals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
MGM Minerals has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
6
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Wildlotus Textile Private Limited | U17299OR2021PTC036420 | |
| Wildlotus Fashions Private Limited | U18101OR2016PTC019767 | |
| MGM Biofuels Private Limited | U24290OR2021PTC036398 | |
| Patnaik Steels and Alloys Limited | U27102OR2003PLC007368 | |
| MGM Resorts Private Limited | U55101OR2021PTC035622 | |
| Pinklotus Health Care Private Limited | U85300OR2021PTC036399 |
To see the full group structure of MGM Minerals Limited, buy the company report.
Employees & EPFO
MGM Minerals Limited has a workforce of 555 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
Employee count
555
Active EPFO establishments
2
Employee growth
1.65%
GST
MGM Minerals has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCM2818E1Z1 | Odisha | Active | 01 Jul 2017 |
| 21AADCM2818E1DA | Odisha | Active | 08 Nov 2024 |
To see the full GST registrations and return filing status of MGM Minerals Limited, buy the company report.
Recent activity
MGM Minerals Limited has 29 board changes on record since 2007: 9 appointments and 20 cessations. The latest: Krushna Chandra Samal ceased to be Additional Director on 10 Jul 2025.
AGM
Mgm Minerals Limited last Annual general meeting of members was held on 11 Jul 2025 as per latest MCA records.
Ceased
Krushna Chandra Samal ceased to be Additional Director.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 743.07 Cr with Charge ID 101104607 was registered on 21 May 2025.
Appointed
Krushna Chandra Samal was appointed as Director.
Filing
Mgm Minerals Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge registered on 17 Feb 2023 via Charge ID 100684883 with Indian Bank was fully satisfied on 27 Aug 2024.
Appointed
Pankaj Lochan Mohanty was appointed as Officer In Default.
Charges
A charge registered on 09 Aug 2022 via Charge ID 100607944 with Sbicap Trustee Company Limited was fully satisfied on 09 Aug 2024.
Appointed
Siddhartha Mohanty was appointed as Whole-Time Director.
Ceased
Siddhartha Mohanty ceased to be Additional Director.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 500.00 Cr registered on 09 Aug 2022 with Charge ID 100607944 was modified on 29 Mar 2023.
Charges
A charge with Indian Bank amounted to Rs. 53.00 Cr with Charge ID 100684883 was registered on 17 Feb 2023.
46 earlier events are in the company report.
Frequently asked questions
MGM Minerals is an active public limited company based in Bhubaneswar, Odisha, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 16 April 1996 (30+ years old) and is registered under CIN U72101OR1996PLC004413.
MGM Minerals has 9 current directors:
- Srikanta Behera - Whole-Time Director
- Sabita Mohanty - Whole-Time Director
- Padma Lochan Mohanty - Whole-Time Director
- Siddhartha Mohanty - Whole-Time Director
- Nihar Ranjan Mohanty - Director
- Krushna Chandra Samal - Director
- Saroj Kumar Ray - Director
- Seema Mohanty - Director
- Pankaj Lochan Mohanty - Officer In Default
The latest financial statements of MGM Minerals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of MGM Minerals is 21AADCM2818E1Z1, registered in Odisha. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 21AADCM2818E1DA (Odisha).
The CIN (Corporate Identification Number) of MGM Minerals is U72101OR1996PLC004413. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGM Minerals has 26 court cases on record: 9 filed by the company and 17 filed against it. 7 are pending. Most are in the high courts.
MGM Minerals was incorporated on 16 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Cuttack.
MGM Minerals has 14 deals on record (13 secondary share transfers, 1 funding round), with disclosed funding of ₹21 Cr; the latest was in November 2021.
The peers of MGM Minerals by revenue are Bombay Coated and Special Steels Limited, Maa Kudargarhi Power and Ispat Private Limited, Hero Steels Limited, Vishal Precision Steel Tubes and Strips Private Limited, Suncity Metals and Tubes Private Limited and 1 more, all in the Metals and Minerals industry (Mining, Steel), with the same principal business activity (metal and metal products).
Krushna Chandra Samal ceased to be Additional Director on 10 Jul 2025. Krushna Chandra Samal was appointed as Director on 09 May 2025. Pankaj Lochan Mohanty was appointed as Officer In Default on 16 Aug 2024. MGM Minerals has 29 board changes on record in total.
MGM Minerals has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 07 Jun 2024.
MGM Minerals can be reached through the website mgmmin.in. Its registered office is in Bhubaneswar, Odisha, India.