About Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited
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Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited is a public limited state government company based in Bhopal, Madhya Pradesh, India, a subsidiary of M.P. Power Management Co. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 31 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U40109MP2002SGC015119. Its GSTIN is 23AADCM6799G2Z4 (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹13,000 Cr and a paid-up capital of ₹10,124 Cr. It is led by directors including Kshitij Ashok Singhal (Managing Director) and Deepta Pal Singh Yadav (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Nishtha Parisar Govindpura, Bhopal, Madhya Pradesh, India – 462023.
As per the financials filed for FY 2024, the company reported a revenue of ₹18,082 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹2,283.8 Cr (net margin -12.6%) and EBITDA of -₹221.49 Cr (EBITDA margin -1.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
The company has about 172 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,534.34 Cr and satisfied charges of ₹200 Cr on record. Court records list 1,244 cases involving the company, including 1,097 filed by the company and 147 filed against it; 304 cases are pending. The company has 20 deals on record (11 funding rounds, 8 rights issues, 1 acquisition), with disclosed funding of ₹3,796.72 Cr; the latest was in February 2025. Its 9 peer companies in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 4 smaller; the largest is Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited with revenue of ₹22,181 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2022, listing 266 overdue payments to 46 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 portal.mpcz.in.
Company details
CIN history
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has one previous CIN (Corporate Identification Number): U40109MP2002PLC015119. The current CIN is U40109MP2002SGC015119, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109MP2002SGC015119 | Current |
| U40109MP2002PLC015119 | Previous |
Contact details
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited's registered office is in Bhopal, Madhya Pradesh. Its website is portal.mpcz.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNishtha Parisar Govindpura, Bhopal, Madhya Pradesh, India – 462023
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Madhya Pradesh Madhya Kshetra Vidyut Vitaran 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
Business activity
The main business activity of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Financials of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited
FY 2024 filings availableMadhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited reported revenue of ₹18,082 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 6% growth in the latest year. EBITDA fell 117% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹221.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2,283.8 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | ||||
| Net Profit Margin | -12.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Board of directors of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 8 current directors and 73 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manju Sharma | Director | 20 Dec 2021 | 4 Years 10 Months | Current |
| Kshitij Ashok Singhal | Managing Director | 22 Jun 2024 | 2 Years 4 Months | Current |
| Rajeev Ranjan Meena | Nominee Director | 20 May 2024 | 2 Years 5 Months | Current |
| Himanshu Rai Also directs: Lake-Side Partners Advisory LLP, Mallcom (India) Ltd, IIM Indore Incubation Foundation and 1 more | Director | 22 Jan 2021 | 5 Years 9 Months | Current |
| Vishesh Garhpale | Director | 27 Nov 2025 | 0 Years 11 Months | Current |
| Prabhakar Joshi | Nominee Director | 01 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited is compared with the 9 companies closest to it by revenue in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited | ₹22,181 Cr (FY 2025) | 5.0% | Indore, Madhya Pradesh, India | |||
| Ajmer Vidyut Vitran Nigam Limited | ₹21,899 Cr (FY 2025) | -2.0% | Ajmer, Rajasthan, India | |||
| Madhyanchal Vidyut Vitran Nigam Limited | ₹21,225 Cr (FY 2025) | -7.0% | Lucknow, Uttar Pradesh, India | |||
| Uttar Haryana Bijli Vitran Nigam Limited | ₹19,363 Cr (FY 2025) | 13.0% | Panchkula, Haryana, India | |||
| Northern Power Distribution Company of Telangana Limited | ₹18,132 Cr (FY 2025) | -2.0% | Warangal, Telangana, India | |||
| Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limitedthis company | ₹18,082 Cr (FY 2024) | -₹2,283.8 Cr | -12.6% | 6.0% | 172 | Bhopal, Madhya Pradesh, India |
| Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Limited | ₹16,248 Cr (FY 2025) | 10.0% | Jabalpur, Madhya Pradesh, India | |||
| Gridco Limited | ₹14,511 Cr (FY 2025) | 4.0% | Khurda, Odisha, India | |||
| Bses Rajdhani Power Limited | ₹14,263 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Adani Electricity Mumbai Limited | ₹11,999 Cr (FY 2025) | 18.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Auditor
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited is audited by S K Lulla & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K Lulla & Co | FY 2023 | 002336C |
Shareholding
The shareholding of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 2019 | 100232614 | Others | ₹384.64 Cr | Open | |
| 22 Oct 2018 | 100214612 | Others | ₹201.43 Cr | Open | |
| 22 Oct 2018 | 100214625 | Others | ₹139.46 Cr | Open | |
| 22 Oct 2018 | 100216581 | Others | ₹192.92 Cr | Open | |
| 15 Dec 2017 | 100146636 | Others | ₹243.54 Cr | Open |
To see the full charge records of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited has 20 deals on record (11 funding rounds, 8 rights issues, 1 acquisition), with disclosed funding of ₹3,796.72 Cr; the latest was in February 2025.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Rights issue | ₹90.51 Cr | Investors: M.P. Power Management Company Limited |
| Mar 2023 | Rights issue | ₹340.07 Cr | Investors: M.P. Power Management Company Limited |
| Mar 2022 | Funding round | ₹154.7 Cr | Investors: M.P. Power Management Company Limited |
| Feb 2021 | Funding round | ₹50.36 Cr | Investors: M.P. Power Management Company Limited |
| Sep 2019 | Funding round | ₹1.53 Cr | Investors: M.P. Power Management Company Limited |
To see the full deal history of Madhya Pradesh Madhya Kshetra Vidyut Vitaran 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
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited has 1,244 court cases on record: 1,097 filed by Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company, 147 filed against it. 304 cases are pending and 940 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,094 | 36 | 243 |
| High courts | 135 | 99 | 56 |
| Supreme Court | 15 | 12 | 5 |
Cases on record (5 of 1,244)
| 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 against the company by Madhya Pradesh Power Management Company Limited | 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 M/S. Madhya Pradesh Power Management Company Ltd. | Pending |
| High Court of Madhya Pradesh | Court case (AR) | Filed by the company against M/S Era Infra Engineering Ltd. | Pending |
| High Court of Madhya Pradesh | Appeal | Filed by the company against Jagdish | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed against the company by Bansal Construction Works Pvt. Ltd. | Pending |
To see the full case history of Madhya Pradesh Madhya Kshetra Vidyut Vitaran 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.
MSME payment delays
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 266 overdue payments to 46 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 46)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Om Enterprises Bhopal | |||
| an individual supplier | |||
| Dynamech Electropower Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited has a workforce of 172 employees on its EPFO records as of Apr 07, 2024, across 3 active EPFO establishments.
GST
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCM6799G2Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited, buy the company report.
Recent activity
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited has 75 board changes on record since 2007: 8 appointments and 67 cessations. The latest: Avinash Lavania ceased to be Director on 27 Nov 2025.
88 earlier events are in the company report.
Frequently asked questions
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company is an active public limited state government company based in Bhopal, Madhya Pradesh, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 31 May 2002 (24+ years old) and is registered under CIN U40109MP2002SGC015119.
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 8 current directors:
- Kshitij Ashok Singhal - Managing Director
- Deepta Pal Singh Yadav - Whole-Time Director
- Sudhir Srivastav - Whole-Time Director
- Manju Sharma - Director
- Rajeev Ranjan Meena - Nominee Director
- Himanshu Rai - Director
- Vishesh Garhpale - Director
- Prabhakar Joshi - Nominee Director
The latest financial statements of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company is 23AADCM6799G2Z4, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company is U40109MP2002SGC015119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 1,244 court cases on record: 1,097 filed by the company and 147 filed against it. 304 are pending. Most are in the district courts.
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company was incorporated on 31 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Gwalior.
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 20 deals on record (11 funding rounds, 8 rights issues, 1 acquisition), with disclosed funding of ₹3,796.72 Cr; the latest was in February 2025.
The peers of Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company by revenue are Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited, Ajmer Vidyut Vitran Nigam Limited, Madhyanchal Vidyut Vitran Nigam Limited, Uttar Haryana Bijli Vitran Nigam Limited, Northern Power Distribution Company of Telangana Limited and 4 more, all in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Avinash Lavania ceased to be Director on 27 Nov 2025. Vishesh Garhpale was appointed as Director on 27 Nov 2025. Deepta Pal Singh Yadav ceased to be Whole-Time Director on 12 Oct 2025. Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 75 board changes on record in total.
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company has 9 MSME Form 1 returns on record between 2019 and 2022, listing 266 overdue payments to 46 micro and small suppliers. The latest return was filed on 08 Feb 2024.
Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company can be reached through the website portal.mpcz.in. Its registered office is in Bhopal, Madhya Pradesh, India.
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