Mangalore Electricity Supply Company Limited

State-owned utility company distributing electricity in designated areas of Karnataka.

2002 | Mangalore, Karnataka (India) | Active
Last Updated: July 07, 2024

Mangalore Electricity Supply Company Profile

Key Indicators

  • Authorised Capital ₹ 1,000.00 Cr
  • Paid Up Capital ₹ 817.30 Cr
  • Company Age 22 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2,822.64 Cr
  • Satisfied Charges ₹ 2,005.84 Cr
  • Revenue Growth 16.27%
  • Profit Growth 58.54%
  • Ebitda -3.40%
  • Net Worth 14.07%
  • Total Assets -0.90%

About Mangalore Electricity Supply Company

Mangalore Electricity Supply Company Limited (MESCL) is a leading Public Limited State Government Company incorporated in India on 29 April 2002 and has a history of 22 years and nine months. Its registered office is in Mangalore, Karnataka, 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 817.30 Cr.

The company currently has active open charges totaling ₹2,822.64 Cr. The company has closed loans amounting to ₹2,005.84 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mangalore Electricity Supply Company Limited India are Prabhat Joshi as COMPANY SECRETARY and Balevalachilu Jagadeesha as Cfo. Huthri Ramesh, Pankaj Pandey, Shivanna, and Six other members serve as directors at the Company.

Company Details

  • Location

    Mangalore, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U40109KA2002SGC030425

  • Company No.

    030425

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    29 Apr 2002

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Energy and Power

Who are the key members and board of directors at Mangalore Electricity Supply Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Prabhat Joshi Country flag representing In Company Secretary06-Jun-2019Current
Balevalachilu Jagadeesha CFO14-Feb-2022Current
Padmavati Dhanvantari Country flag representing In Managing Director05-Jul-2023Current

Board Members (8)

NameDesignationAppointment DateStatus
Huthri Ramesh Country flag representing In Whole-Time Director 20-Feb-2023Current
Pankaj Pandey Country flag representing In Director 06-Jun-2023Current
Shivanna Country flag representing In Director 07-Nov-2022Current
Rajaputrapalya Lakshmipathy Country flag representing In Director 01-Jul-2022Current
Krishnappa Venkatappa Country flag representing In Director 24-Nov-2022Current
Adiveppa Aparna Country flag representing In Director 21-Oct-2022Current

Financial Performance of Mangalore Electricity Supply Company.

Mangalore Electricity Supply Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.27% increase. The company also saw a substantial improvement in profitability, with a 58.54% increase in profit. The company's net worth Soared by an impressive increase of 14.07%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
16.27%
Revenue from Operations
16.66%
Total Assets
-0.90%
Profit or Loss
58.54%
Net Worth
14.07%
EBITDA
-3.40%

What is the Ownership and Shareholding Structure of Mangalore Electricity Supply Company?

In 2023, Mangalore Electricity Supply 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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,822.64 Cr

Satisfied Charges

₹2,005.84 Cr

Charges Breakdown by Lending Institutions

  • Others : 1220.14 Cr
  • Bank Of India : 540.00 Cr
  • Syndicate Bank : 500.00 Cr
  • Indian Bank : 220.00 Cr
  • Vijaya Bank : 150.00 Cr
  • Others : 192.50 Cr

Latest Charge Details

DateLenderAmountStatus
29 Mar 2022Indian Bank₹220.00 CrOpen
11 Jun 2021Bank Of India₹280.00 CrOpen
22 Dec 2020Others₹183.42 CrOpen
26 Feb 2020Bank Of India₹260.00 CrOpen
17 Aug 2019Syndicate Bank₹150.00 CrOpen

How Many Employees Work at Mangalore Electricity Supply Company?

Mangalore Electricity Supply Company has a workforce of 45 employees as of Mar 22, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mangalore Electricity Supply 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 Mangalore Electricity Supply Company's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Mangalore Electricity Supply Company

Recent activity within the organization

  • Director Appointment

    Dalavayee Kodandapani was appointed as a Director was appointed as a Director on 02 May 2024 & has been associated with this company since 9 months .

    02 May 2024

  • Director Appointment

    Reju Murickummoodu Thankachan was appointed as a Director was appointed as a Director on 20 Jan 2024 & has been associated with this company since 1 year 11 days .

    20 Jan 2024

  • Charges

    A charge with Canara Bank of Rs. 50.00 Cr registered on 19 Aug 2013 with Charge ID 10448012 was modified on 10 Oct 2023.

    10 Oct 2023

  • Annual General Meeting

    Mangalore Electricity Supply Company Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Director Appointment

    Pankaj Kumar Pandey was appointed as a Director was appointed as a Director on 06 Jun 2023 & has been associated with this company since 1 year 7 months .

    06 Jun 2023

  • Balance Sheet

    Mangalore Electricity Supply Company Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

Frequently asked questions

  • Mangalore Electricity Supply Company Limited was incorporated on 29 Apr 2002.

  • The authorized share capital of Mangalore Electricity Supply Company Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 817.30 Cr.

  • Currently 11 directors are associated with Mangalore Electricity Supply Company Limited.

    • Huthri Govindaiah Ramesh
    • Pankaj Kumar Pandey
    • Prabhat Mahabaleshwara Joshi
    • Balevalachilu Jagadeesha
    • Shivanna
    • Rajaputrapalya Hanumantharayappa Lakshmipathy
    • Krishnappa Venkatappa
    • Adiveppa Pavate Aparna
    • Reju Murickummoodu Thankachan
    • Padmavati Husanappa Dhanvantari
    • Dalavayee Kodandapani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mangalore Electricity Supply Company Limited is Mescom Bhavana Bejai Kavoor Cross Road, Mangalore, Karnataka, India, 575004.

  • The corporate identification number (CIN) of Mangalore Electricity Supply Company Limited is U40109KA2002SGC030425 and the company number is 030425 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mangalore Electricity Supply Company Limited is https://www.mescom.karnataka.gov.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mangalore Electricity Supply Company Limited has risen by 16.27%.

  • As Per 2023 financial reports, 45 employees are currently employed by Mangalore Electricity Supply Company Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mangalore Electricity Supply Company Limited has experienced an upsurge of 14.07%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Mangalore Electricity Supply Company Limited amount to ₹ 2,822.64 Cr.

  • The most recent Balance Sheet for Mangalore Electricity Supply Company Limited was filed with the ROC on 31 Mar 2023.

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