Gridco Profile
Key Indicators
- Authorised Capital ₹ 4,000.00 Cr
- Paid Up Capital ₹ 3,291.48 Cr
- Company Age 29 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6,932.64 Cr
- Satisfied Charges ₹ 11,402.76 Cr
- Revenue Growth 18.94%
- Profit Growth -76.79%
- Ebitda -290.28%
- Net Worth -11.14%
- Total Assets 4.06%
About Gridco
Gridco Limited (GL) is a leading Public Limited State Government Company incorporated in India on 20 April 1995 and has a history of 29 years and 11 months. Its registered office is in Khorda, Odisha, India.
The Corporate was formerly known as Grid Corporation Of Orissa Limited. The Company is engaged in the Energy And Power Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 4,000.00 Cr and a paid-up capital of Rs 3,291.48 Cr.
The company currently has active open charges totaling ₹6,932.64 Cr. The company has closed loans amounting to ₹11,402.76 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Gridco Limited India are Susmita Dash as COMPANY SECRETARY and Srikanta Sahoo as Cfo. Susanta Singh, Pradeep Pujari, Umakanta Sahoo, and Five other members serve as directors at the Company.
Company Details
- Location
Khorda, Odisha, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40109OR1995SGC003960
- Company No.
003960
- Company Classification
Public Limited State Government Company
- Incorporation Date
20 Apr 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Cuttack
Industry
Energy and Power
Who are the key members and board of directors at Gridco?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Susmita Dash  | Company Secretary | 10-Apr-2007 | Current |
| Srikanta Sahoo | CFO | 31-May-2021 | Current |
| Trilochan Panda | Managing Director | 17-Aug-2020 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Susanta Singh | Additional Director | 13-Feb-2025 | Current |
| Pradeep Pujari | Director | 16-Sep-2023 | Current |
| Umakanta Sahoo | Whole-Time Director | 13-May-2020 | Current |
| Padmaja Mishra | Director | 17-Oct-2015 | Current |
| Rabindra Nayak | Director | 06-Oct-2022 | Current |
| Vishal Dev | Additional Director | 02-Jan-2025 | Current |
Financial Performance of Gridco.
Gridco Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.94% increase. The company also saw a substantial fall in profitability, with a 76.79% decrease in profit. The company's net worth observed a substantial decline by a decrease of 11.14%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Gridco?
In 2023, Gridco had a promoter holding of 100.00%. The company had 8 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Yash Highvoltage LimitedRabindra Nayak is a mutual person
Rourkela Smart City LimitedVishal Dev is a mutual person
Odisha Power Transmission Corporation LimitedPradeep Pujari, Rabindra Nayak and 1 more are mutual person
Odisha Lift Irrigation Corporation LimitedSatya Rath is a mutual person
Odisha Knowledge Corporation LimitedVishal Dev is a mutual person
Odisha Construction Corporation LimitedSatya Rath is a mutual person
Charges (Loans)
Open Charges
₹6,932.64 Cr
Satisfied Charges
₹11,402.76 Cr
Charges Breakdown by Lending Institutions
- Others : 4458.60 Cr
- Canara Bank : 2217.83 Cr
- Uco Bank : 200.00 Cr
- Indian Overseas Bank : 42.81 Cr
- State Bank Of India : 13.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Sep 2024 | Canara Bank | ₹500.00 Cr | Open |
| 11 Dec 2023 | Canara Bank | ₹799.77 Cr | Open |
| 30 Jun 2023 | Canara Bank | ₹918.06 Cr | Open |
| 19 Sep 2022 | Others | ₹500.00 Cr | Open |
| 30 Mar 2022 | Others | ₹881.60 Cr | Open |
How Many Employees Work at Gridco?
Gridco has a workforce of 8 employees as of Mar 21, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Gridco, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gridco's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Gridco
Recent activity within the organization
- Director Appointment
Susanta Kumar Singh was appointed as a Additional Director was appointed as a Additional Director on 13 Feb 2025 & has been associated with this company since 1 month 11 days .
- Director Appointment
Vishal Kumar Dev was appointed as a Additional Director was appointed as a Additional Director on 02 Jan 2025 & has been associated with this company since 2 months 25 days .
- Charges
A charge with Others of Rs. 881.60 Cr registered on 30 Mar 2022 with Charge ID 100560568 was modified on 09 Dec 2024.
- Annual General Meeting
Gridco Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Canara Bank amounted to Rs. 500.00 Cr with Charge ID 100981070 was registered on 21 Sep 2024.
- Charges
A charge with Others of Rs. 500.00 Cr registered on 19 Sep 2022 with Charge ID 100611214 was modified on 02 Aug 2024.
Recent News, Updates & Announcement
- GRIDCO Announces 500MW Solar Power Bids With Greenshoe Option.
GRIDCO Limited has announced a tender for the procurement of 500 MW of solar power. This tender is based on tariff-based competitive bidding and includes an.
Frequently asked questions
What is the Incorporation or founding date of Gridco Limited?
Gridco Limited was incorporated on 20 Apr 1995.
What is authorized share capital and paid-up capital of Gridco Limited?
The authorized share capital of Gridco Limited is ₹ 4,000.00 Cr and paid-up capital is ₹ 3,291.48 Cr.
Who are the current board members & directors of Gridco Limited?
Currently 10 directors are associated with Gridco Limited.
- Susanta Kumar Singh
- Susmita Dash
- Pradeep Kumar Pujari
- Srikanta Kumar Sahoo
- Umakanta Sahoo
- Padmaja Mishra
- Rabindra Nath Nayak
- Vishal Kumar Dev
- Trilochan Panda
- Satya Priya Rath
What is the registered address of Gridco Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Gridco Limited is Janpath Bhubaneswar India, Khurda, Orissa, 751022.
What is the corporate identification number (CIN) and company number of Gridco Limited?
The corporate identification number (CIN) of Gridco Limited is U40109OR1995SGC003960 and the company number is 003960 as per Ministry of Corporate Affairs (MCA).
What is the official website of Gridco Limited?
The Official website of Gridco Limited is https://www.gridco.co.in
What has been the recent revenue trend for Gridco Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Gridco Limited has risen by 18.94%.
How many employees does Gridco Limited currently have?
As Per 2023 financial reports, 8 employees are currently employed by Gridco Limited.
What change has been observed in the net worth of Gridco Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Gridco Limited has experienced an downturn of -11.14%.
What are the total open charges for Gridco Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Gridco Limited amount to ₹ 6,932.64 Cr.
When was the last Balance Sheet of Gridco Limited filed with the ROC?
The most recent Balance Sheet for Gridco Limited was filed with the ROC on 31 Mar 2024.
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