About Uttar Gujarat Vij Company Limited
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Uttar Gujarat Vij Company Limited is a public limited state government company based in Mehsana, Gujarat, India, a subsidiary of Gujarat Urja Vikas Nigam Limited. It operates in the power trading and energy markets 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 U40102GJ2003SGC042906. Its GSTIN is 24AAACU6551F1ZI (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹830.01 Cr. It is led by directors including Naranbhai Fatabhai Chaudhari (Managing Director) and Kiran Oberoi Vasudev.
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 Visnagar Road, Mehsana, Gujarat, India – 384001.
As per the financials filed for FY 2025, the company reported a revenue of ₹19,998 Cr. For the same year it recorded a net profit of ₹684.54 Cr (net margin 3.4%) and EBITDA of ₹1,796.95 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹495.25 Cr and satisfied charges of ₹821.22 Cr on record. Court records list 5,865 cases involving the company, including 4,242 filed by the company and 1,625 filed against it; 685 cases are pending. The company has 10 deals on record (9 rights issues, 1 funding round), with disclosed funding of ₹207.1 Cr; the latest was in October 2023. Its 3 peer companies in the Power industry (Power Trading), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 smaller; the largest is Manikaran Power Limited. with revenue of ₹4,783.27 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,461 overdue payments to 69 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 ugvcl.com.
Company details
Contact details
Uttar Gujarat Vij Company Limited's registered office is in Mehsana, Gujarat. Its website is ugvcl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVisnagar Road, Mehsana, Gujarat, India – 384001
- IndustryEnergy and Power, Power Trading & Energy Markets
To see the full contact details of Uttar 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 Uttar 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 Uttar Gujarat Vij Company Limited, buy the company report.
Financials of Uttar Gujarat Vij Company Limited
FY 2025 filings availableUttar Gujarat Vij Company Limited reported revenue of ₹19,998 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years. 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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| EBITDA | ₹1,796.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹684.54 Cr | ||||
| Balance Sheet | |||||
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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 | 9% | ||||
| Net Profit Margin | 3.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Uttar Gujarat Vij Company Limited, buy the company report.
Board of directors of Uttar Gujarat Vij Company Limited
Uttar Gujarat Vij Company has 7 current directors and 55 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Oberoi Vasudev | Director | 12 Jul 2024 | 2 Years 3 Months | Current |
| Deepti Sharma Also directs: Finncare India Consulting LLP, Panasonic Energy India Company Limited, Axtel Industries Limited and 4 more | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
| Ankitaben Rameshbhai Christiyan | Nominee Director | 27 Sep 2024 | 2 Years 1 Months | Current |
| Gopal Krishna Sarangi | Director | 22 Jan 2024 | 2 Years 9 Months | Current |
| Preeti Sharma | Nominee Director | 07 Jul 2025 | 1 Years 3 Months | Current |
| Kamlesh Kumar Jangid | Nominee Director | 18 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Uttar Gujarat Vij Company Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Trading), 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 |
|---|---|---|---|---|---|---|
| Uttar Gujarat Vij Company Limitedthis company | ₹19,998 Cr (FY 2025) | ₹684.54 Cr | 3.4% | Mehsana, Gujarat, India | ||
| Manikaran Power Limited. | ₹4,783.27 Cr (FY 2024) | 16.0% | Kolkata, West Bengal, India | |||
| Gita Power & Infrastructure Private Limited | ₹1,781.42 Cr (FY 2024) | 63.0% | Gummidipoondi, Tamil Nadu, India | |||
| Instinct Infra & Power Limited | ₹1,004.39 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Uttar Gujarat Vij Company Limited, buy the company report.
Auditor
Uttar Gujarat Vij Company Limited is audited by H. K. SHAH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. K. SHAH & CO | FY 2023 | 109583W |
Shareholding
The shareholding of Uttar 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Uttar Gujarat Vij Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2007 | 10042974 | Others | ₹495.25 Cr | Open | |
| 11 May 2015 | 10569727 | Power Finance Corporation Limited | ₹17.14 Cr | Satisfied | |
| 09 Mar 2011 | 10272426 | Power Finance Corporation Limited | ₹33.82 Cr | Satisfied | |
| 16 Sep 2010 | 10244032 | Power Finance Corporation Limited | ₹6.15 Cr | Satisfied | |
| 28 Aug 2009 | 10175450 | Power Finance Corporation Limited | ₹35.31 Cr | Satisfied |
To see the full charge records of Uttar Gujarat Vij Company Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Uttar Gujarat Vij Company Limited has 10 deals on record (9 rights issues, 1 funding round), with disclosed funding of ₹207.1 Cr; the latest was in October 2023.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Rights issue | ₹669.67 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Apr 2022 | Rights issue | ₹471.75 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Feb 2021 | Rights issue | ₹368.93 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Mar 2019 | Rights issue | ₹446.7 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
| Dec 2017 | Rights issue | ₹295.88 Cr | Investors: Gujarat Urja Vikas Nigam Limited |
To see the full deal history of Uttar 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
Uttar Gujarat Vij Company Limited has 5,865 court cases on record: 4,242 filed by Uttar Gujarat Vij Company, 1,625 filed against it. 685 cases are pending and 5,180 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4,558 | 626 | 374 |
| High courts | 1,254 | 968 | 296 |
| Supreme Court | 39 | 25 | 12 |
| NCLAT | 10 | 3 | 3 |
| NCLT | 4 | 3 | 0 |
Cases on record (5 of 5,865)
| 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 (1511COMP-Criminal Law : Criminal matters other than covered by the aforesaid categories(Matters filed by the State Government/ complainant against acquittals or reduction of sentence.)) | Filed by the company against individuals | Disposed |
| Supreme Court | Court case (4301-Service Laws : Appointment, Compassionate appointment, temporary appointment, recruitment,probation and confirmation, suspension, reduction in rank, termination, dismissal, removal, retirement, disciplinary proceedings against employees) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by M/S. Airona Tiles Ltd. | Pending |
| District court, Mahesana, Gujarat | Commercial matter | Filed against the company by M/S. Powertrac Solar Projects Ltd. | Pending |
To see the full case history of Uttar 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
Uttar Gujarat Vij Company Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,461 overdue payments to 69 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 69)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Sabar Conductors Private Limited | |||
| Atlas Transformers India Limited | |||
| Keshav Engineering Co., Chhatral |
To see the full MSME payment records of Uttar Gujarat Vij Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Uttar Gujarat Vij Company has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU6551F1ZI | Gujarat | Active | 01 Jul 2017 |
| 24AAACU6551F1DR | Gujarat | Active | 03 Oct 2018 |
To see the full GST registrations and return filing status of Uttar Gujarat Vij Company Limited, buy the company report.
Recent activity
Uttar Gujarat Vij Company Limited has 64 board changes on record since 2006: 9 appointments and 55 cessations. The latest: Preeti Sharma was appointed as Nominee Director on 07 Jul 2025.
74 earlier events are in the company report.
From our blog
Frequently asked questions
Uttar Gujarat Vij Company is an active public limited state government company based in Mehsana, Gujarat, India. The company works in power trading and energy markets, within the energy and power industry. It was incorporated on 15 September 2003 (23+ years old) and is registered under CIN U40102GJ2003SGC042906.
Uttar Gujarat Vij Company has 7 current directors:
- Naranbhai Fatabhai Chaudhari - Managing Director
- Kiran Oberoi Vasudev - Director
- Deepti Sharma - Director
- Ankitaben Rameshbhai Christiyan - Nominee Director
- Gopal Krishna Sarangi - Director
- Preeti Sharma - Nominee Director
- Kamlesh Kumar Jangid - Nominee Director
The latest financial statements of Uttar 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 Uttar Gujarat Vij Company is 24AAACU6551F1ZI, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACU6551F1DR (Gujarat).
The CIN (Corporate Identification Number) of Uttar Gujarat Vij Company is U40102GJ2003SGC042906. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Uttar Gujarat Vij Company has 5,865 court cases on record: 4,242 filed by the company and 1,625 filed against it. 685 are pending. Most are in the district courts.
Uttar Gujarat Vij Company was incorporated on 15 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Uttar Gujarat Vij Company has 10 deals on record (9 rights issues, 1 funding round), with disclosed funding of ₹207.1 Cr; the latest was in October 2023.
The peers of Uttar Gujarat Vij Company by revenue are Manikaran Power Limited, Gita Power & Infrastructure Private Limited, Instinct Infra & Power Limited, all in the Power industry (Power Trading), with the same principal business activity (electric power generation, transmission and distribution).
Preeti Sharma was appointed as Nominee Director on 07 Jul 2025. Naranbhai Fatabhai Chaudhari was appointed as Managing Director on 09 May 2025. Naranbhai Fatabhai Chaudhari ceased to be Nominee Director on 09 May 2025. Uttar Gujarat Vij Company has 64 board changes on record in total.
Uttar Gujarat Vij Company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,461 overdue payments to 69 micro and small suppliers. The latest return was filed on 24 Apr 2024.
Uttar Gujarat Vij Company can be reached through the website ugvcl.com. Its registered office is in Mehsana, Gujarat, India.