About Paschim Gujarat Vij Company Limited
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Paschim Gujarat Vij Company Limited is a public limited state government company based in Rajkot, Gujarat, India, a subsidiary of Gujarat Urja Vikas Nigam Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 15 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40102GJ2003SGC042908. Its GSTIN is 24AADCP1453C1ZZ (Gujarat).
The company has an authorised share capital of ₹15,000 Cr and a paid-up capital of ₹9,825.29 Cr. It is led by directors including Ketan Prabhashankar Joshi (Managing Director) and Papia Sengupta.
Its last annual general meeting (AGM) was held on 10 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Paschimgujaratvijsevasadan Offnanamavamainroad Laxminagar, Rajkot, Gujarat, India – 360004.
As per the financials filed for FY 2025, the company reported a revenue of ₹27,391 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1,264.34 Cr (net margin 4.6%) and EBITDA of ₹3,351.63 Cr (EBITDA margin 12.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹1,117.35 Cr and satisfied charges of ₹2,119 Cr on record. Court records list 64,712 cases involving the company, including 61,614 filed by the company and 3,104 filed against it; 2,900 cases are pending. The company has 12 deals on record (8 rights issues, 4 funding rounds), with disclosed funding of ₹1,097.59 Cr; the latest was in March 2024. Its 10 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 5 smaller; the largest is West Bengalstate Electricity Distribution Company Limited with revenue of ₹38,745 Cr. The company has 27 MSME Form 1 returns on record between 2019 and 2024, listing 6,207 overdue payments to 179 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 pgvcl.com.
Company details
Contact details
Paschim Gujarat Vij Company Limited's registered office is in Rajkot, Gujarat. Its website is pgvcl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressPaschimgujaratvijsevasadan Offnanamavamainroad Laxminagar, Rajkot, Gujarat, India – 360004
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Paschim Gujarat Vij 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 Paschim Gujarat Vij 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 Paschim Gujarat Vij Company Limited, buy the company report.
Financials of Paschim Gujarat Vij Company Limited
FY 2025 filings availablePaschim Gujarat Vij Company Limited reported revenue of ₹27,391 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. 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 |
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| Total Expenses | |||||
| EBITDA | ₹3,351.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,264.34 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 12.2% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Paschim Gujarat Vij Company Limited, buy the company report.
Board of directors of Paschim Gujarat Vij Company Limited
Paschim Gujarat Vij Company has 7 current directors and 53 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Papia Sengupta Also directs: Andhra Paper Limited, The Investment Trust of India Limited, GSPL India Gasnet Limited and 3 more | Director | 29 Jul 2024 | 2 Years 3 Months | Current |
| Kamlesh Kumar Jangid | Nominee Director | 26 Jul 2023 | 3 Years 3 Months | Current |
| Nirmal Kumar Jha | Director | 29 Jan 2024 | 2 Years 9 Months | Current |
| Ketan Prabhashankar Joshi | Managing Director | 03 Jun 2025 | 1 Years 4 Months | Current |
| Sanjay Mathur | Nominee Director | 25 Mar 2025 | 1 Years 7 Months | Current |
| Swapnil Garg | Director | 29 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Paschim Gujarat Vij Company Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| West Bengalstate Electricity Distribution Company Limited | ₹38,745 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| Bangalore Electricity Supply Company Limited | ₹33,048 Cr (FY 2025) | -3.0% | Bangalore, Karnataka, India | |||
| Pashchimanchal Vidyut Vitran Nigam Limited | ₹29,859 Cr (FY 2025) | 8.0% | Meerut, Uttar Pradesh, India | |||
| Jaipur Vidyut Vitran Nigam Limited | ₹28,682 Cr (FY 2025) | -2.0% | Jaipur, Rajasthan, India | |||
| Chhattisgarh State Power Distribution Company Limited | ₹27,811 Cr (FY 2025) | 18.0% | Raipur, Chhattisgarh, India | |||
| Paschim Gujarat Vij Company Limitedthis company | ₹27,391 Cr (FY 2025) | ₹1,264.34 Cr | 4.6% | -3.0% | Rajkot, Gujarat, India | |
| Dakshin Haryana Bijli Vitran Nigam Limited | ₹26,860 Cr (FY 2025) | 10.0% | Haryana, India | |||
| Dakshin Gujarat Vij Company Limited | ₹26,041 Cr (FY 2025) | 0.0% | Surat, Gujarat, India | |||
| Purvanchal Vidyut Vitran Nigam Limited | ₹25,599 Cr (FY 2025) | 15.0% | Varanasi, Uttar Pradesh, India | |||
| Jodhpur Vidyut Vitran Nigam Limited | ₹24,658 Cr (FY 2025) | -4.0% | Jodhpur, Rajasthan, India | |||
| Adani Energy Solutions Limited | ₹24,447 Cr (FY 2025) | 42.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Paschim Gujarat Vij Company Limited, buy the company report.
Auditor
Paschim Gujarat Vij Company Limited is audited by R.S. Patel & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.S. Patel & Co | FY 2023 | 107758W |
Shareholding
The shareholding of Paschim Gujarat Vij 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 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paschim Gujarat Vij Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2011 | 10275712 | Power Finance Corporation Limited | ₹63.67 Cr | Open | |
| 16 Sep 2010 | 10242808 | Power Finance Corporation Limited | ₹166.42 Cr | Open | |
| 03 Sep 2009 | 10177204 | Power Finance Corporation Limited | ₹75.26 Cr | Open | |
| 08 Jan 2007 | 10033650 | Others | ₹812 Cr | Open | |
| 07 May 2015 | 10568191 | Bank of Baroda | ₹65 Cr | Satisfied |
To see the full charge records of Paschim Gujarat Vij Company Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Paschim Gujarat Vij Company Limited has 12 deals on record (8 rights issues, 4 funding rounds), with disclosed funding of ₹1,097.59 Cr; the latest was in March 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹804.98 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Mar 2023 | Rights issue | ₹594 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| May 2021 | Rights issue | ₹1,155.34 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Feb 2020 | Rights issue | ₹1,466.8 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Mar 2019 | Rights issue | ₹1,167.63 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
To see the full deal history of Paschim Gujarat Vij 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
Paschim Gujarat Vij Company Limited has 64,712 court cases on record: 61,614 filed by Paschim Gujarat Vij Company, 3,104 filed against it. 2,900 cases are pending and 61,812 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62,281 | 1,527 | 2,256 |
| High courts | 2,368 | 1,541 | 627 |
| Supreme Court | 61 | 34 | 16 |
| NCLT | 2 | 2 | 1 |
Cases on record (5 of 64,712)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1103-Compensation : Compensation, not covered under the Motor Vehicles Act,1988 and Railways Act) | Filed by the company against individuals | Disposed |
| Supreme Court | Court case (0904-Civil Law : Transfer of Property Act, 1882 and Specific Relief Act, 1963 – matters arising out of suit for specific performance, declaration, injunction, possession or cancellation of deeds/documents) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1103-Compensation : Compensation, not covered under the Motor Vehicles Act,1988 and Railways Act) | Filed by the company against individuals | Disposed |
| District court, Junagadh, Gujarat | Court case (RCA) | Filed against the company by Messrs. Chandan Ginning and Pressing Factory Private Ltd. Through Managing Director | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Shakti Pumps (India) Ltd. Through Its Autho. Repre. Mahesh Madanlal Tiwari (Deputy General Manager) | Disposed |
To see the full case history of Paschim Gujarat Vij 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
Paschim Gujarat Vij Company Limited has 27 MSME Form 1 returns on record between 2019 and 2024, listing 6,207 overdue payments to 179 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 179)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kryfs Transformers Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Empire Cable Industries Private Limited |
To see the full MSME payment records of Paschim Gujarat Vij Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Paschim Gujarat Vij Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP1453C1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paschim Gujarat Vij Company Limited, buy the company report.
Recent activity
Paschim Gujarat Vij Company Limited has 61 board changes on record since 2006: 10 appointments and 51 cessations. The latest: Preeti Sharma was appointed as Nominee Director on 07 Jul 2025.
76 earlier events are in the company report.
From our blog
Frequently asked questions
Paschim Gujarat Vij Company is an active public limited state government company based in Rajkot, Gujarat, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 15 September 2003 (23+ years old) and is registered under CIN U40102GJ2003SGC042908.
Paschim Gujarat Vij Company has 7 current directors:
- Ketan Prabhashankar Joshi - Managing Director
- Papia Sengupta - Director
- Kamlesh Kumar Jangid - Nominee Director
- Nirmal Kumar Jha - Director
- Sanjay Mathur - Nominee Director
- Swapnil Garg - Director
- Preeti Sharma - Nominee Director
The latest financial statements of Paschim Gujarat Vij Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Paschim Gujarat Vij Company is 24AADCP1453C1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Paschim Gujarat Vij Company is U40102GJ2003SGC042908. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paschim Gujarat Vij Company has 64,712 court cases on record: 61,614 filed by the company and 3,104 filed against it. 2,900 are pending. Most are in the district courts.
Paschim Gujarat Vij Company was incorporated on 15 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Paschim Gujarat Vij Company has 12 deals on record (8 rights issues, 4 funding rounds), with disclosed funding of ₹1,097.59 Cr; the latest was in March 2024.
The peers of Paschim Gujarat Vij Company by revenue are West Bengalstate Electricity Distribution Company Limited, Bangalore Electricity Supply Company Limited, Pashchimanchal Vidyut Vitran Nigam Limited, Jaipur Vidyut Vitran Nigam Limited, Chhattisgarh State Power Distribution Company Limited and 5 more, all in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Preeti Sharma was appointed as Nominee Director on 07 Jul 2025. Ketan Prabhashankar Joshi was appointed as Managing Director on 03 Jun 2025. Ketan Prabhashankar Joshi ceased to be Nominee Director on 03 Jun 2025. Paschim Gujarat Vij Company has 61 board changes on record in total.
Paschim Gujarat Vij Company has 27 MSME Form 1 returns on record between 2019 and 2024, listing 6,207 overdue payments to 179 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Paschim Gujarat Vij Company can be reached through the website pgvcl.com. Its registered office is in Rajkot, Gujarat, India.
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