Gujarat State Electricity Corporation Profile
Key Indicators
- Authorised Capital ₹ 3,500.00 Cr
- Paid Up Capital ₹ 3,327.59 Cr
- Company Age 31 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,825.95 Cr
- Satisfied Charges ₹ 39,293.53 Cr
- Revenue Growth 14.70%
- Profit Growth -89.99%
- Ebitda -7.32%
- Net Worth 8.94%
- Total Assets 4.85%
About Gujarat State Electricity Corporation
Gujarat State Electricity Corporation Limited (GSECL) is a leading Public Limited State Government Company incorporated in India on 12 August 1993 and has a history of 31 years and seven months. Its registered office is in Vadodara, Gujarat, India.
The Company is engaged in the Infrastructure And Utilities Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 3,500.00 Cr and a paid-up capital of Rs 3,327.59 Cr.
The company currently has active open charges totaling ₹1,825.95 Cr. The company has closed loans amounting to ₹39,293.53 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Gujarat State Electricity Corporation Limited India are Shubhadeep Sen as CFO and Ravi Pareek as Company Secretary. Bharat Bhasker, Syed Haider, Arti Kanwar, and Six other members serve as directors at the Company.
Company Details
- Location
Vadodara, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40100GJ1993SGC019988
- Company No.
019988
- Company Classification
Public Limited State Government Company
- Incorporation Date
12 Aug 1993
- Date of AGM
26 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Infrastructure and Utilities
What products or services does Gujarat State Electricity Corporation Limited offer?
Gujarat State Electricity Corporation Limited offers a wide range of products and services, including Power Plants & Spare Parts, Power Station, Solar Power Plants, On Grid Solar Power Systems, Turnkey Projects, Electric Substation Turnkey Projects, Turnkey Consultants & Solutions, Industrial project consultants.
Who are the key members and board of directors at Gujarat State Electricity Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Somes Bandyopadhyay  | Managing Director | 19-Oct-2023 | Current |
| Shubhadeep Sen | CFO | 11-Mar-2024 | Current |
| Ravi Pareek | Company Secretary | 01-Jan-2022 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jai Shivahare | Director | 08-Apr-2022 | Current |
| Bharat Bhasker | Director | 09-Aug-2024 | Current |
| Syed Haider | Nominee Director | 04-Sep-2024 | Current |
| Arti Kanwar | Nominee Director | 08-Oct-2024 | Current |
| Kamlesh Jangid | Director | 26-Jul-2023 | Current |
| Shweta Teotia | Nominee Director | 08-Oct-2024 | Current |
Financial Performance of Gujarat State Electricity Corporation.
Gujarat State Electricity Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 14.7% increase. The company also saw a substantial fall in profitability, with a 89.99% decrease in profit. The company's net worth moved up by a moderate rise of 8.94%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Gujarat State Electricity Corporation?
In 2023, Gujarat State Electricity Corporation had a promoter holding of 100.00%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Uttar Gujarat Vij Company LimitedKamlesh Jangid, Jai Shivahare and 1 more are mutual person
Paschim Gujarat Vij Company LimitedKamlesh Jangid and Jai Shivahare are mutual person
Mahaguj Collieries LimitedSomes Bandyopadhyay is a mutual person
Madhya Gujarat Vij Company LimitedKamlesh Jangid, Jai Shivahare and 1 more are mutual person
Gujarat Urja Vikas Nigam LimitedSyed Haider, Kamlesh Jangid and 2 more are mutual person
Gujarat Power Corporation LimitedSyed Haider is a mutual person
Charges (Loans)
Open Charges
₹1,825.95 Cr
Satisfied Charges
₹39,293.53 Cr
Charges Breakdown by Lending Institutions
- Others : 1805.15 Cr
- Sbicap Trustee Company Limited : 20.80 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Apr 2016 | Sbicap Trustee Company Limited | ₹10.40 Cr | Open |
| 27 Apr 2016 | Sbicap Trustee Company Limited | ₹10.40 Cr | Open |
| 08 Jan 2007 | Others | ₹1,805.15 Cr | Open |
| 28 Mar 2018 | State Bank Of India | ₹1,592.78 Cr | Satisfied |
| 31 Mar 2017 | Others | ₹1,592.78 Cr | Satisfied |
How Many Employees Work at Gujarat State Electricity Corporation?
Gujarat State Electricity Corporation has a workforce of 2831 employees as of Apr 09, 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 Gujarat State Electricity Corporation, 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 Gujarat State Electricity Corporation'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 Gujarat State Electricity Corporation
Recent activity within the organization
- Director Appointment
Arti Kanwar was appointed as a Nominee Director was appointed as a Nominee Director on 08 Oct 2024 & has been associated with this company since 5 months 19 days .
- Director Appointment
Shweta Teotia was appointed as a Nominee Director was appointed as a Nominee Director on 08 Oct 2024 & has been associated with this company since 5 months 19 days .
- Director Appointment
Syed Jawaid Haider was appointed as a Nominee Director was appointed as a Nominee Director on 04 Sep 2024 & has been associated with this company since 6 months 23 days .
- Director Appointment
Bharat Bhasker was appointed as a Director was appointed as a Director on 09 Aug 2024 & has been associated with this company since 7 months 18 days .
- Director Appointment
Shubhadeep Sen was appointed as a Cfo was appointed as a Cfo on 11 Mar 2024 & has been associated with this company since 1 year 16 days .
- Annual General Meeting
Gujarat State Electricity Corporation Limited last Annual general meeting of members was held on 26 Dec 2023 as per latest MCA records.
Recent News, Updates & Announcement
- BHEL Secures ₹800 Crore Orders, Reaches 1 GW Mark in Solar Energy Capacity with NTPC and GSECL as New Clients.
BHEL wins 2 orders worth ₹800 crore for 200 MW solar energy capacity, reaching 1 GW mark. NTPC and GSECL are clients. BHEL offers EPC solutions for SPV plants in India. 500 MW already commissioned. Manufacturing lines and space-grade panels and batteries in Bengaluru. BHEL be like: "We got 2 big orders, now we're at 1 GW mark. NTPC and GSECL are our new clients. We make SPV plants in India. 500 MW already done. We make panels and batteries in Bengaluru. #Winning #SolarPower #BHEL.
Frequently asked questions
What is the Incorporation or founding date of Gujarat State Electricity Corporation Limited?
Gujarat State Electricity Corporation Limited was incorporated on 12 Aug 1993.
What is authorized share capital and paid-up capital of Gujarat State Electricity Corporation Limited?
The authorized share capital of Gujarat State Electricity Corporation Limited is ₹ 3,500.00 Cr and paid-up capital is ₹ 3,327.59 Cr.
Who are the current board members & directors of Gujarat State Electricity Corporation Limited?
Currently 11 directors are associated with Gujarat State Electricity Corporation Limited.
- Bharat Bhasker
- Syed Jawaid Haider
- Arti Kanwar
- Kamlesh Kumar Jangid
- Jai Prakash Shivahare
- Shweta Teotia
- Vinay Kumar
- Somes Bandyopadhyay
- Naran Manji Pindoriya
- Shubhadeep Sen
- Ravi Pareek
What is the registered address of Gujarat State Electricity Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Gujarat State Electricity Corporation Limited is Vidyut Bhavan Race Course India, Baroda, Gujarat, 390007.
What is the corporate identification number (CIN) and company number of Gujarat State Electricity Corporation Limited?
The corporate identification number (CIN) of Gujarat State Electricity Corporation Limited is U40100GJ1993SGC019988 and the company number is 019988 as per Ministry of Corporate Affairs (MCA).
What is the official website of Gujarat State Electricity Corporation Limited?
The Official website of Gujarat State Electricity Corporation Limited is https://www.gsecl.in
What has been the recent revenue trend for Gujarat State Electricity Corporation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Gujarat State Electricity Corporation Limited has risen by 14.70%.
How many employees does Gujarat State Electricity Corporation Limited currently have?
As Per 2023 financial reports, 2831 employees are currently employed by Gujarat State Electricity Corporation Limited.
What change has been observed in the net worth of Gujarat State Electricity Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Gujarat State Electricity Corporation Limited has experienced an upsurge of 8.94%.
What are the total open charges for Gujarat State Electricity Corporation Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Gujarat State Electricity Corporation Limited amount to ₹ 1,825.95 Cr.
When was the last Balance Sheet of Gujarat State Electricity Corporation Limited filed with the ROC?
The most recent Balance Sheet for Gujarat State Electricity Corporation Limited was filed with the ROC on 31 Mar 2023.
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