About NHDC Limited
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NHDC Limited is a public limited union government company based in Bhopal, Madhya Pradesh, India, a subsidiary of Nhpc Limited. It operates in the hydroelectric power solutions segment of the environmental services sector. It was incorporated on 01 August 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31200MP2000GOI014337. Its GSTIN is 23AABCN1732G1D8 (Madhya Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹1,962.58 Cr. It was formerly known as Narmada Hydroelectric Development Corporation Limited. It is led by directors including Madhu Smita Pany and Arun Daga.
Its last annual general meeting (AGM) was held on 27 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nhdc Parisar Near Hotel Lake View Ashoka Shyamla Hills, Bhopal, Madhya Pradesh, India – 462013.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,594.64 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹836.96 Cr (net margin 52.5%) and EBITDA of ₹1,153.68 Cr (EBITDA margin 72.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 1% over five years.
The company has about 432 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NHDC. As per MCA filings, the company has open charges of ₹11.88 Cr and satisfied charges of ₹5,910.77 Cr on record. Court records list 259 cases involving the company, including 59 filed by the company and 200 filed against it; 45 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 nhdcindia.com.
Company details
CIN history
NHDC has one previous CIN (Corporate Identification Number): U31200MP2000SGC014337. The current CIN is U31200MP2000GOI014337, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200MP2000GOI014337 | Current |
| U31200MP2000SGC014337 | Previous |
Contact details
NHDC Limited's registered office is in Bhopal, Madhya Pradesh. Its website is nhdcindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNhdc Parisar Near Hotel Lake View Ashoka Shyamla Hills, Bhopal, Madhya Pradesh, India – 462013
- IndustryEnvironment, Hydroelectric Power Solutions
To see the full contact details of NHDC 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
Brands
NHDC operates one associated brand: NHDC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hydroelectric and solar power generation services in India. | nhdcindia.com |
Business activity
The main business activity of NHDC 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 NHDC Limited, buy the company report.
Financials of NHDC Limited
FY 2025 filings availableNHDC Limited reported revenue of ₹1,594.64 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 6% growth in the latest year. EBITDA rose 1% 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 |
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| EBITDA | ₹1,153.68 Cr | ||||
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| Net Profit (PAT) | ₹836.96 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.3% | ||||
| Net Profit Margin | 52.5% | ||||
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To see the full financial statements and ratios of NHDC Limited, buy the company report.
Board of directors of NHDC Limited
NHDC has 7 current directors and 60 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhu Smita Pany Also directs: Chenab Valley Power Projects Limited | Nominee Director | 16 Sep 2021 | 5 Years 1 Months | Current |
| Arun Daga | Nominee Director | 07 Aug 2020 | 6 Years 2 Months | Current |
| Rajesh Rajora Also directs: Narmada Basin Projects Company Limited, Madhya Pradesh Jal Nigam Maryadit, Sardar Sarovar Narmada Nigam Limited and 1 more | Nominee Director | 02 Feb 2024 | 2 Years 9 Months | Current |
| Anuj Kapoor Also directs: Chenab Valley Power Projects Limited, Ratle Hydroelectric Power Corporation Limited, Jalpower Corporation Limited and 1 more | Nominee Director | 18 Jul 2025 | 1 Years 3 Months | Current |
| Bhupender Gupta | Nominee Director | 04 Sep 2025 | 1 Years 1 Months | Current |
| Arun Paliwal | Nominee Director | 01 Dec 2025 | 0 Years 11 Months | Current |
Peer comparison
NHDC Limited is compared with the 8 companies closest to it by revenue in the Cleantech industry (Hydro Power), 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 |
|---|---|---|---|---|---|---|
| SJVN Limited | ₹3,376.5 Cr (FY 2025) | 17.0% | Shimla, Himachal Pradesh, India | |||
| THDC India Limited | ₹2,713.45 Cr (FY 2025) | 35.0% | Rishieksh, Uttarakhand, India | |||
| Tripura State Electricity Corporation Limited | ₹1,749.57 Cr (FY 2024) | 5.0% | Agartala, Tripura, India | |||
| Hero Future Energies Private Limited | ₹1,663.13 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| NHDC Limitedthis company | ₹1,594.64 Cr (FY 2025) | ₹836.96 Cr | 52.5% | 6.0% | 432 | Bhopal, Madhya Pradesh, India |
| JSW Hydro Energy Limited | ₹1,519.47 Cr (FY 2024) | 10.0% | Sholtu, Himachal Pradesh, India | |||
| Ujvn Limited | ₹1,132.2 Cr (FY 2025) | 9.0% | Uttarakhand, India | |||
| Odisha Hydro Power Corporation Limited | ₹895.86 Cr (FY 2024) | 31.0% | Bhubaneswar, Odisha, India | |||
| Alaknanda Hydro Power Company Limited | ₹869.12 Cr (FY 2025) | -22.0% | Hyderabad, Telangana, India |
To see the full peer comparison of NHDC Limited, buy the company report.
Auditor
NHDC Limited is audited by BHUTORIA GANESAN & CO., for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHUTORIA GANESAN & CO., | FY 2022 | 004465C |
Shareholding
The shareholding of NHDC Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of NHDC Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100899202 | Others | ₹40 Cr | Satisfied | |
| 28 Mar 2024 | 100900133 | Others | ₹105 Cr | Satisfied | |
| 25 Jan 2024 | 100862844 | State Bank of India | ₹1.09 Lakh | Satisfied | |
| 14 Dec 2022 | 100662738 | State Bank of India | ₹40 Lakh | Satisfied | |
| 31 Oct 2022 | 100642447 | State Bank of India | ₹40 Lakh | Satisfied |
To see the full charge records of NHDC Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
NHDC Limited has 259 court cases on record: 59 filed by NHDC, 200 filed against it. 45 cases are pending and 214 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 250 | 197 | 40 |
| District courts | 5 | 1 | 1 |
| Supreme Court | 4 | 2 | 4 |
Cases on record (5 of 259)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed against the company by individuals | Pending |
| High Court of Madhya Pradesh | Court case (AA) | Filed against the company by M/S Jaiprakash Associates Limited A Company Incorporated Under Companies Act | Pending |
| High Court of Madhya Pradesh | Appeal | Filed by the company against Punya | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (MJC AV) | Filed by the company against Jaiprakash Associates Limited and 2 others | Disposed |
| District court, South West, Delhi | Court case (OMP (COMM.)) | Filed by the company against an individual | Pending |
To see the full case history of NHDC 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.
Credit ratings & regulatory alerts
NHDC Limited was last rated by Care on 27 Nov 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Nov 2025 |
To see the full credit ratings and regulatory alerts of NHDC Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for NHDC Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
NHDC Limited has a workforce of 432 employees on its EPFO records as of Oct 16, 2024, across 1 active EPFO establishment.
GST
NHDC has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCN1732G1D8 | Madhya Pradesh | Active | 23 Oct 2018 |
To see the full GST registrations and return filing status of NHDC Limited, buy the company report.
Recent activity
NHDC Limited has 67 board changes on record since 2007: 11 appointments and 56 cessations. The latest: Om Prakash was appointed as Additional Director on 01 Jan 2026.
125 earlier events are in the company report.
Frequently asked questions
NHDC is an active public limited union government company based in Bhopal, Madhya Pradesh, India. The company works in hydroelectric power solutions, within the environment industry. It was incorporated on 01 August 2000 (26+ years old) and is registered under CIN U31200MP2000GOI014337.
NHDC has 7 current directors:
- Madhu Smita Pany - Nominee Director
- Arun Daga - Nominee Director
- Rajesh Rajora - Nominee Director
- Anuj Kapoor - Nominee Director
- Bhupender Gupta - Nominee Director
- Arun Paliwal - Nominee Director
- Om Prakash - Additional Director
The latest financial statements of NHDC on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NHDC is 23AABCN1732G1D8, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of NHDC is U31200MP2000GOI014337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NHDC has 259 court cases on record: 59 filed by the company and 200 filed against it. 45 are pending. Most are in the high courts.
NHDC was incorporated on 01 August 2000, making it 26+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of NHDC by revenue are SJVN Limited, THDC India Limited, Tripura State Electricity Corporation Limited, Hero Future Energies Private Limited, JSW Hydro Energy Limited and 3 more, all in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution).
Om Prakash was appointed as Additional Director on 01 Jan 2026. Arun Paliwal was appointed as Nominee Director on 01 Dec 2025. Bhupender Gupta was appointed as Nominee Director on 04 Sep 2025. NHDC has 67 board changes on record in total.
NHDC can be reached through the website nhdcindia.com. Its registered office is in Bhopal, Madhya Pradesh, India.
The registered office of NHDC is at Nhdc Parisar Near Hotel Lake View Ashoka Shyamla Hills, Bhopal, Madhya Pradesh, India – 462013.
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