About Mpsez Utilities Limited
Data last updated:
Mpsez Utilities Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Energy Solutions Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 13 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45209GJ2007PLC051323. Its GSTIN is 24AAFCM1901Q1ZE (Gujarat).
The company has an authorised share capital of ₹13.15 Cr and a paid-up capital of ₹13.14 Cr. It was formerly known as Mpsez Utilities Private Limited. It is led by directors including Mehul Tejpal Rupera (Whole-Time Director) and Kunjal Mahendra Mehta.
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹568.01 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹12.42 Cr (net margin 2.2%) and EBITDA of ₹67.55 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 26% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹50 Lakh on record. Court records list 7 cases involving the company, including 2 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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
- One PDF report, delivered after checkout
CIN History of Mpsez Utilities Limited
Mpsez Utilities has one previous CIN (Corporate Identification Number): U45209GJ2007PTC051323. The current CIN is U45209GJ2007PLC051323, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45209GJ2007PLC051323 | Current |
| U45209GJ2007PTC051323 | Previous |
Business Activity of Mpsez Utilities Limited
The main business activity of Mpsez Utilities is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Mpsez Utilities Limited
Mpsez Utilities Limited is audited by G. K. Choksi & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G. K. Choksi & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mpsez Utilities Limited
Mpsez Utilities has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunjal Mahendra Mehta | Director | 21 Jan 2025 | 1 Years 8 Months | Current |
| Mehul Tejpal Rupera Also directs: Adani Electricity Navi Mumbai Limited, Best Smart Metering Limited, Arasan Step III Limited and 5 more | Whole-Time Director | 07 Jun 2022 | 4 Years 3 Months | Current |
| Pooja Agrawal Also directs: Arasan Step IV Limited, MP Power Transmission Package-Ii Limited, WRSR Power Transmission Limited and 5 more | Additional Director | 05 Dec 2025 | 0 Years 10 Months | Current |
Financials of Mpsez Utilities Limited FY 2025 filings available
Mpsez Utilities Limited reported revenue of ₹568.01 Cr (up 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mpsez Utilities Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 43% growth in the latest year. EBITDA rose 10% 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 of Mpsez Utilities Limited
| 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 | ₹67.55 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.42 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 of Mpsez Utilities Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mpsez Utilities are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mpsez Utilities Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mpsez Utilities Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Apr 2015 | Rbl Bank Limited | ₹50 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mpsez Utilities Limited
Mpsez Utilities Limited has a workforce of 22 employees as of Apr 10, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Mpsez Utilities Limited
Mpsez Utilities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM1901Q1ZE | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Mpsez Utilities Limited
Mpsez Utilities Limited has 7 court cases on record: 2 filed by Mpsez Utilities, 5 where it is another party. 3 cases are pending and 4 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 3 |
| District courts | 2 | 0 | 0 |
Cases on record (3 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Court case (SPCS) | Filed by the company against Ashapura Garments Limited | Disposed |
| High Court of Gujarat | Special civil application | Company is another party | Pending |
| High Court of Gujarat | Special civil application | Company is another party | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Credit Ratings, Litigation & Regulatory Alerts for Mpsez Utilities Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mpsez Utilities Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mpsez Utilities Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mpsez Utilities Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Mpsez Utilities Limited
Recent News on Mpsez Utilities Limited
Frequently Asked Questions about Mpsez Utilities Limited
Mpsez Utilities is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 13 July 2007 (19+ years old) and is registered under CIN U45209GJ2007PLC051323.
Mpsez Utilities reported revenue of ₹568.01 Cr for FY 2025 (up 43% YoY).
Mpsez Utilities has 3 current directors:
- Mehul Tejpal Rupera - Whole-Time Director
- Kunjal Mahendra Mehta - Director
- Pooja Agrawal - Additional Director
Mpsez Utilities reported a net profit of ₹12.42 Cr (net margin 2.2%) and EBITDA of ₹67.55 Cr (EBITDA margin 11.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mpsez Utilities is 37% over three years and 26% over five years. In the latest year (FY 2025) revenue rose 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mpsez Utilities is 24AAFCM1901Q1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Mpsez Utilities is U45209GJ2007PLC051323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mpsez Utilities has 7 court cases on record: 2 filed by the company. 3 are pending. Most are in the high courts.
Mpsez Utilities was incorporated on 13 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.