Madhya Gujarat Vij Company Profile
Key Indicators
- Authorised Capital ₹ 1,000.00 Cr
- Paid Up Capital ₹ 531.89 Cr
- Company Age 21 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 459.00 Cr
- Satisfied Charges ₹ 1,304.64 Cr
- Revenue Growth 19.57%
- Profit Growth -69.00%
- Ebitda -47.85%
- Net Worth 7.99%
- Total Assets 9.29%
About Madhya Gujarat Vij Company
Madhya Gujarat Vij Company Limited (MGVCL) is a leading Public Limited State Government Company incorporated in India on 15 September 2003 and has a history of 21 years and five months. Its registered office is in Vadodara, Gujarat, India.
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 2023. It's a company limited by shares with an authorized capital of Rs 1,000.00 Cr and a paid-up capital of Rs 531.89 Cr.
The company currently has active open charges totaling ₹459.00 Cr. The company has closed loans amounting to ₹1,304.64 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Madhya Gujarat Vij Company Limited India are Vitthal Chavan as COMPANY SECRETARY and Jaynish Modi as Cfo. Ajay Pandey, Kiran Shringarpure, Kamlesh Jangid, 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
U40102GJ2003SGC042907
- Company No.
042907
- Company Classification
Public Limited State Government Company
- Incorporation Date
15 Sep 2003
- Date of AGM
18 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Madhya Gujarat Vij Company Limited offer?
Madhya Gujarat Vij Company Limited offers a wide range of products and services, including Payment Processing Service, Online Payment Solution, Mobile Computer, Handheld Terminal.
Who are the key members and board of directors at Madhya Gujarat Vij Company?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tejas Parmar  | Managing Director | 06-Apr-2023 | Current |
| Vitthal Chavan | Company Secretary | 15-Feb-2019 | Current |
| Jaynish Modi | CFO | 05-Mar-2020 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jai Shivahare | Nominee Director | 04-Mar-2022 | Current |
| Ajay Pandey | Director | 07-Feb-2024 | Current |
| Kiran Shringarpure | Director | 07-Feb-2024 | Current |
| Kamlesh Jangid | Nominee Director | 26-Jul-2023 | Current |
| Shubhadeep Sen | Nominee Director | 18-Jan-2023 | Current |
| Sailaja Vachhrajani | Nominee Director | 14-Jul-2022 | Current |
Financial Performance of Madhya Gujarat Vij Company.
Madhya Gujarat Vij Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.57% increase. The company also saw a substantial fall in profitability, with a 69% decrease in profit. The company's net worth moved up by a moderate rise of 7.99%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Madhya Gujarat Vij Company?
In 2023, Madhya Gujarat Vij Company had a promoter holding of 100.00%. 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 and Jai Shivahare are mutual person
Paschim Gujarat Vij Company LimitedKamlesh Jangid, Jai Shivahare and 2 more are mutual person
Gujarat Urja Vikas Nigam LimitedKamlesh Jangid and Jai Shivahare are mutual person
Gujarat State Electricity Corporation LimitedKamlesh Jangid and Jai Shivahare are mutual person
Gujarat Green Revolution Company LimitedJai Shivahare is a mutual person
Gujarat Energy Transmission Corporation LimitedKamlesh Jangid and Jai Shivahare are mutual person
Charges (Loans)
₹459.00 Cr
₹1,304.64 Cr
Charges Breakdown by Lending Institutions
- Uco Bank : 459.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jan 2007 | Uco Bank | ₹459.00 Cr | Open |
| 22 Dec 2014 | Bank Of Baroda | ₹80.00 Cr | Satisfied |
| 19 Dec 2014 | Power Finance Corporation Limited | ₹14.62 Cr | Satisfied |
| 18 Jul 2014 | Power Finance Corporation Limited | ₹10.79 Cr | Satisfied |
| 22 Oct 2012 | Bank Of Baroda | ₹65.00 Cr | Satisfied |
How Many Employees Work at Madhya Gujarat Vij Company?
Madhya Gujarat Vij Company has a workforce of 6136 employees as of Mar 30, 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 Madhya Gujarat Vij Company, 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 Madhya Gujarat Vij Company'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.
