Narmada Basin Projects Company Limited
About Narmada Basin Projects Company Limited
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Narmada Basin Projects Company Limited is a public limited state government company based in Bhopal, Madhya Pradesh, India. It operates in the gas utilities and services segment of the utilities sector. It was incorporated on 27 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U40300MP2011SGC027025. Its GSTIN is 23AAECN8409P1DA (Madhya Pradesh).
The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹2,060 Cr. It is led by directors including Rajesh Rajora (Managing Director) and Mohan Yadav.
Its last annual general meeting (AGM) was held on 10 November 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Narmada Bhavan Arera Hills, Bhopal, Madhya Pradesh, India – 462011.
As per the financials filed for FY 2023, the company reported a revenue of ₹171.14 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹116.16 Cr (net margin 67.9%) and EBITDA of ₹163.93 Cr (EBITDA margin 95.8%). Revenue has grown at a compounded annual rate (CAGR) of 675% over three years and 240% over five years.
As per MCA filings, the company has open charges of ₹3,174.13 Cr on record. The company has 4 deals on record (4 secondary share transfers); the latest was in November 2019. Its 10 peer companies in the same principal business activity (water collection, treatment and supply) are compared by revenue, 5 larger and 5 smaller; the largest is Mangalore Sez Limited with revenue of ₹214.59 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Narmada Basin Projects Company Limited's registered office is in Bhopal, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNarmada Bhavan Arera Hills, Bhopal, Madhya Pradesh, India – 462011
- IndustryUtilities, Gas Utilities & Services, Power Utilities & Services, Water Utilities & Services
To see the full contact details of Narmada Basin Projects 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 Narmada Basin Projects Company is water supply, sewerage and waste management. In detail, this covers water collection, treatment and supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply |
Financials of Narmada Basin Projects Company Limited
FY 2023 filings availableNarmada Basin Projects Company Limited reported revenue of ₹171.14 Cr (up 24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 240% over five years, including 24% growth in the latest year. EBITDA rose 26% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹163.93 Cr | ||||
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| Net Profit (PAT) | ₹116.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 95.8% | ||||
| Net Profit Margin | 67.9% | ||||
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To see the full financial statements and ratios of Narmada Basin Projects Company Limited, buy the company report.
Board of directors of Narmada Basin Projects Company Limited
Narmada Basin Projects Company has 7 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Yadav | Director | 13 Dec 2023 | 2 Years 10 Months | Current |
| Manish Rastogi | Director | 21 Aug 2024 | 2 Years 2 Months | Current |
| Rajesh Rajora Also directs: Madhya Pradesh Jal Nigam Maryadit, Madhya Pradesh Urban Development Co Limited, NHDC Limited and 1 more | Managing Director | 22 Jan 2024 | 2 Years 9 Months | Current |
| Mahendra Kumar Dube Also directs: Madhya Pradesh Power Generating Company Limited | Director | 30 Mar 2021 | 5 Years 7 Months | Current |
| Abhay Chhajed Also directs: S.L. Chhajed & Co. LLP, SLCC Advisors Private Limited, Grovanta Advisors Private Limited and 2 more | Director | 13 Jan 2022 | 4 Years 9 Months | Current |
| Arun Paliwal Also directs: NHDC Limited, Madhya Pradesh Laghu Udyog Nigam Limited, Madhya Pradesh Hotel Corporation Limited and 1 more | Director | 14 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Narmada Basin Projects Company Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (water collection, treatment and supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mangalore Sez Limited | ₹214.59 Cr (FY 2025) | 14.0% | Mangalore, Karnataka, India | |||
| Rachana Construction Limited | ₹206.49 Cr (FY 2025) | -30.0% | Mumbai, Maharashtra, India | |||
| Rean Watertech Private Limited | ₹200.3 Cr (FY 2024) | 8.0% | Kolkata, West Bengal, India | |||
| Telangana Drinking Water Supply Corporation Limited | ₹180.05 Cr (FY 2022) | 22.0% | Hyderabad, Telangana, India | |||
| Bermad India Private Limited | ₹175.94 Cr (FY 2025) | 47.0% | Pune, Maharashtra, India | |||
| Narmada Basin Projects Company Limitedthis company | ₹171.14 Cr (FY 2023) | ₹116.16 Cr | 67.9% | 24.0% | Bhopal, Madhya Pradesh, India | |
| Stem Water Distribution and Infrastructure Company Private Limited | ₹158.05 Cr (FY 2025) | 9.0% | Thane, Maharashtra, India | |||
| Turbotech Infranet Private Limited | ₹156.8 Cr (FY 2025) | 26.0% | Surat, Gujarat, India | |||
| Hi-Tech Water Solutions (India) Private Limited | ₹153.38 Cr (FY 2025) | 19.0% | Surat, Gujarat, India | |||
| Hydropure Systems Private Limited | ₹152.84 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| CN Water Systems Private Limited | ₹148.42 Cr (FY 2025) | 4.0% | Kalyan, Maharashtra, India |
To see the full peer comparison of Narmada Basin Projects Company Limited, buy the company report.
Auditor
Narmada Basin Projects Company Limited is audited by M/s Sandeep Mukherjee & Associate for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s Sandeep Mukherjee & Associate | FY 2020 | 009942C |
Shareholding
The shareholding of Narmada Basin Projects Company 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 Narmada Basin Projects Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2020 | 100397993 | Others | ₹1,428.3 Cr | Open | |
| 24 Sep 2020 | 100397994 | Others | ₹1,745.83 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Narmada Basin Projects Company Limited has 4 deals on record (4 secondary share transfers); the latest was in November 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Narmada Basin Projects Company Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Narmada Basin Projects Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Narmada Basin Projects Company has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
GST
Narmada Basin Projects Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAECN8409P1DA | Madhya Pradesh | Active | 03 Oct 2020 |
To see the full GST registrations and return filing status of Narmada Basin Projects Company Limited, buy the company report.
Recent activity
Narmada Basin Projects Company Limited has 43 board changes on record since 2011: 8 appointments and 35 cessations. The latest: Arun Paliwal was appointed as Director on 14 Oct 2025.
36 earlier events are in the company report.
Frequently asked questions
Narmada Basin Projects Company is an active public limited state government company based in Bhopal, Madhya Pradesh, India. The company works in gas utilities and services, within the utilities industry. It was incorporated on 27 October 2011 (15+ years old) and is registered under CIN U40300MP2011SGC027025.
Narmada Basin Projects Company has 7 current directors:
- Rajesh Rajora - Managing Director
- Mohan Yadav - Director
- Manish Rastogi - Director
- Mahendra Kumar Dube - Director
- Abhay Chhajed - Director
- Arun Paliwal - Director
- Dhanna Lal Verma - Director
The latest financial statements of Narmada Basin Projects Company on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 10 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Narmada Basin Projects Company is 23AAECN8409P1DA, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Narmada Basin Projects Company is U40300MP2011SGC027025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narmada Basin Projects Company was incorporated on 27 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Gwalior.
Narmada Basin Projects Company has 4 deals on record (4 secondary share transfers); the latest was in November 2019.
The peers of Narmada Basin Projects Company by revenue are Mangalore Sez Limited, Rachana Construction Limited, Rean Watertech Private Limited, Telangana Drinking Water Supply Corporation Limited, Bermad India Private Limited and 5 more, all in the same principal business activity (water collection, treatment and supply).
Arun Paliwal was appointed as Director on 14 Oct 2025. Dhanna Lal Verma was appointed as Director on 14 Oct 2025. Manish Rastogi was appointed as Director on 21 Aug 2024. Narmada Basin Projects Company has 43 board changes on record in total.
The registered office of Narmada Basin Projects Company is at Narmada Bhavan Arera Hills, Bhopal, Madhya Pradesh, India – 462011.
Narmada Basin Projects Company operates in the utilities industry, in the gas utilities and services segment.
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