Madhya Gujarat Vij Company Profile
Key Indicators
- Authorised Capital ₹ 1,000.00 Cr
- Paid Up Capital ₹ 565.98 Cr
- Company Age 21 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- 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 eight 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 2024. It's a company limited by shares with an authorized capital of Rs 1,000.00 Cr and a paid-up capital of Rs 565.98 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 Sailaja Vachhrajani as CFO and Vitthal Chavan as Company Secretary. Ajay Pandey, Kamlesh Jangid, Jai Shivahare, and Five 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
17 Dec 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Energy and Power
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.
Madhya Gujarat Vij Company Limited
Explore comprehensive data for Madhya Gujarat Vij Company Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 |
| Sailaja Vachhrajani | CFO | 01-Oct-2024 | Current |
| Vitthal Chavan | Company Secretary | 15-Feb-2019 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jai Shivahare | Nominee Director | 04-Mar-2022 | Current |
| Ajay Pandey | Director | 22-Jan-2024 | Current |
| Kamlesh Jangid | Nominee Director | 26-Jul-2023 | Current |
| Shweta Teotia | Nominee Director | 26-Sep-2024 | Current |
| Shanmuganathan Raman | Director | 22-Jan-2024 | Current |
| Nisarg Joshi | Nominee Director | 10-Mar-2023 | 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, Jai Shivahare and 1 more are mutual person
Paschim Gujarat Vij Company LimitedKamlesh Jangid, Jai Shivahare and 1 more are mutual person
Gujarat Urja Vikas Nigam LimitedKamlesh Jangid, Jai Shivahare and 1 more are mutual person
Gujarat State Electricity Corporation LimitedKamlesh Jangid, Jai Shivahare and 1 more are mutual person
Gujarat Green Revolution Company LimitedJai Shivahare is a mutual person
Gujarat Energy Transmission Corporation LimitedKamlesh Jangid, Jai Shivahare and 1 more are mutual person
Charges (Loans)
Open Charges
₹459.00 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Madhya Gujarat Vij Company
Recent activity within the organization
- Annual General Meeting
Madhya Gujarat Vij Company Limited last Annual general meeting of members was held on 17 Dec 2024 as per latest MCA records.
- Director Appointment
Sailaja Vachhrajani was appointed as a Cfo was appointed as a Cfo on 01 Oct 2024 & has been associated with this company since 7 months 24 days .
- Director Appointment
Shweta Teotia was appointed as a Nominee Director was appointed as a Nominee Director on 26 Sep 2024 & has been associated with this company since 7 months 29 days .
- Charges
A charge registered on 19 Dec 2014 via Charge ID 10541994 with Power Finance Corporation Limited was fully satisfied on 18 Apr 2024.
- Balance Sheet
Madhya Gujarat Vij Company Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Director Appointment
Ajay Pandey was appointed as a Director was appointed as a Director on 22 Jan 2024 & has been associated with this company since 1 year 4 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Madhya Gujarat Vij Company Limited?
Madhya Gujarat Vij Company Limited was incorporated on 15 Sep 2003.
What is authorized share capital and paid-up capital of Madhya Gujarat Vij Company Limited?
The authorized share capital of Madhya Gujarat Vij Company Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 565.98 Cr.
Who are the current board members & directors of Madhya Gujarat Vij Company Limited?
Currently 10 directors are associated with Madhya Gujarat Vij Company Limited.
- Ajay Pandey
- Kamlesh Kumar Jangid
- Jai Prakash Shivahare
- Tejas Dilipkumar Parmar
- Shweta Teotia
- Sailaja Vachhrajani
- Vitthal Maruti Chavan
- Shanmuganathan Raman
- Nisarg Joshi
- Kiran Mukundrao Shringarpure
What is the registered address of Madhya Gujarat Vij Company Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Madhya Gujarat Vij Company Limited is Sardar Patel Vidyut Bhavan Race Course India, Vadodara, Gujarat, 390007.
What is the corporate identification number (CIN) and company number of Madhya Gujarat Vij Company Limited?
The corporate identification number (CIN) of Madhya Gujarat Vij Company Limited is U40102GJ2003SGC042907 and the company number is 042907 as per Ministry of Corporate Affairs (MCA).
What is the official website of Madhya Gujarat Vij Company Limited?
The Official website of Madhya Gujarat Vij Company Limited is https://www.mgvcl.com
What has been the recent revenue trend for Madhya Gujarat Vij Company Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Madhya Gujarat Vij Company Limited has risen by 19.57%.
How many employees does Madhya Gujarat Vij Company Limited currently have?
As Per 2023 financial reports, 6136 employees are currently employed by Madhya Gujarat Vij Company Limited.
What change has been observed in the net worth of Madhya Gujarat Vij Company Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Madhya Gujarat Vij Company Limited has experienced an upsurge of 7.99%.
What are the total open charges for Madhya Gujarat Vij Company Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Madhya Gujarat Vij Company Limited amount to ₹ 459.00 Cr.
When was the last Balance Sheet of Madhya Gujarat Vij Company Limited filed with the ROC?
The most recent Balance Sheet for Madhya Gujarat Vij Company Limited was filed with the ROC on 31 Mar 2024.
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