Gujarat State Electricity Corporation Profile
Key Indicators
- Authorised Capital ₹ 3,500.00 Cr
- Paid Up Capital ₹ 3,327.59 Cr
- Company Age 31 Year, 6 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 six 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
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
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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 and Jai Shivahare 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)
₹1,825.95 Cr
₹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.
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