Paschim Gujarat Vij Company Limited

Electricity company serving 12 districts in Gujarat with high agricultural power sales.

2003 | Rajkot, Gujarat (India) | Active
Last Updated:

Paschim Gujarat Vij Company Profile

Key Indicators

  • Authorised Capital ₹ 10,000.00 Cr
  • Paid Up Capital ₹ 8,969.91 Cr
  • Company Age 21 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,117.35 Cr
  • Satisfied Charges ₹ 2,119.00 Cr
  • Revenue Growth 18.96%
  • Profit Growth -63.99%
  • Ebitda -60.46%
  • Net Worth 9.56%
  • Total Assets 8.14%

About Paschim Gujarat Vij Company

Paschim Gujarat Vij Company Limited (PGVCL) 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 Rajkot, 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 10,000.00 Cr and a paid-up capital of Rs 8,969.91 Cr.

The company currently has active open charges totaling ₹1,117.35 Cr. The company has closed loans amounting to ₹2,119.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Paschim Gujarat Vij Company Limited India are Hardik Chauhan as COMPANY SECRETARY and Kintukumar Malkan as Cfo. Herin Kothari, Sailaja Vachhrajani, Tejas Parmar, and Four other members serve as directors at the Company.

Company Details

  • Location

    Rajkot, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    pgvcl.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U40102GJ2003SGC042908

  • Company No.

    042908

  • 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

Energy and Power

Who are the key members and board of directors at Paschim Gujarat Vij Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Hardik Chauhan Company Secretary02-Dec-2019Current
Preeti Sharma Country flag representing In Managing Director15-Dec-2021Current
Kintukumar Malkan CFO15-Sep-2023Current

Board Members (6)

NameDesignationAppointment DateStatus
Nirmal Jha Country flag representing In Director 02-Feb-2024Current
Jai Shivahare Country flag representing In Nominee Director 07-Apr-2022Current
Herin Kothari Country flag representing In Nominee Director 02-Jul-2021Current
Sailaja Vachhrajani Country flag representing In Nominee Director 01-Mar-2023Current
Tejas Parmar Country flag representing In Nominee Director 09-Jan-2024Current
Kamlesh Jangid Country flag representing In Nominee Director 19-Aug-2023Current

Financial Performance of Paschim Gujarat Vij Company.

Paschim Gujarat Vij Company Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.96% increase. The company also saw a substantial fall in profitability, with a 63.99% decrease in profit. The company's net worth moved up by a moderate rise of 9.56%.

Paschim Gujarat Vij Company revenue growth over time
Paschim Gujarat Vij Company 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
18.96%
Revenue from Operations
18.73%
Total Assets
8.14%
Profit or Loss
-63.99%
Net Worth
9.56%
EBITDA
-60.46%

What is the Ownership and Shareholding Structure of Paschim Gujarat Vij Company?

In 2023, Paschim 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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,117.35 Cr

Satisfied Charges

₹2,119.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 812.00 Cr
  • Power Finance Corporation Limited : 305.35 Cr

Latest Charge Details

DateLenderAmountStatus
16 Mar 2011Power Finance Corporation Limited₹63.67 CrOpen
16 Sep 2010Power Finance Corporation Limited₹166.42 CrOpen
03 Sep 2009Power Finance Corporation Limited₹75.26 CrOpen
08 Jan 2007Others₹812.00 CrOpen
07 May 2015Bank Of Baroda₹65.00 CrSatisfied

How Many Employees Work at Paschim Gujarat Vij Company?

Unlock and access historical data on people associated with Paschim Gujarat Vij Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Paschim Gujarat Vij Company Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Paschim 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 Paschim Gujarat Vij 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 Paschim Gujarat Vij Company

Recent activity within the organization

  • Director Appointment

    Nirmal Kumar Jha was appointed as a Director was appointed as a Director on 02 Feb 2024 & has been associated with this company since 1 year 28 days .

  • Director Appointment

    Tejas Dilipkumar Parmar was appointed as a Nominee Director was appointed as a Nominee Director on 09 Jan 2024 & has been associated with this company since 1 year 1 month .

  • Annual General Meeting

    Paschim Gujarat Vij Company Limited last Annual general meeting of members was held on 18 Dec 2023 as per latest MCA records.

  • Director Appointment

    Kintukumar Shashikant Malkan was appointed as a Cfo was appointed as a Cfo on 15 Sep 2023 & has been associated with this company since 1 year 5 months .

  • Director Appointment

    Kamlesh Kumar Jangid was appointed as a Nominee Director was appointed as a Nominee Director on 19 Aug 2023 & has been associated with this company since 1 year 6 months .

  • Balance Sheet

    Paschim Gujarat Vij Company Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

Frequently asked questions

  • What is the Incorporation or founding date of Paschim Gujarat Vij Company Limited?

    Paschim Gujarat Vij Company Limited was incorporated on 15 Sep 2003.

  • What is authorized share capital and paid-up capital of Paschim Gujarat Vij Company Limited?

    The authorized share capital of Paschim Gujarat Vij Company Limited is ₹ 10,000.00 Cr and paid-up capital is ₹ 8,969.91 Cr.

  • Who are the current board members & directors of Paschim Gujarat Vij Company Limited?

    Currently 9 directors are associated with Paschim Gujarat Vij Company Limited.

    • Herin Pravinchandra Kothari
    • Sailaja Vishvesh Vachhrajani
    • Tejas Dilipkumar Parmar
    • Hardik Dashrath Chauhan
    • Preeti Sharma
    • Jai Prakash Shivahare
    • Kamlesh Kumar Jangid
    • Kintukumar Shashikant Malkan
    • Nirmal Kumar Jha

  • What is the registered address of Paschim Gujarat Vij Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Paschim Gujarat Vij Company Limited is PaschimgujaratvijsevasadanOffnanamavamainroadLaxminagar, Rajkot, Gujarat, India, 360004.

  • What is the corporate identification number (CIN) and company number of Paschim Gujarat Vij Company Limited?

    The corporate identification number (CIN) of Paschim Gujarat Vij Company Limited is U40102GJ2003SGC042908 and the company number is 042908 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Paschim Gujarat Vij Company Limited?

    The Official website of Paschim Gujarat Vij Company Limited is https://www.pgvcl.com

  • What has been the recent revenue trend for Paschim Gujarat Vij Company Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Paschim Gujarat Vij Company Limited has risen by 18.96%.

  • What change has been observed in the net worth of Paschim Gujarat Vij Company Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Paschim Gujarat Vij Company Limited has experienced an upsurge of 9.56%.

  • What are the total open charges for Paschim Gujarat Vij Company Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Paschim Gujarat Vij Company Limited amount to ₹ 1,117.35 Cr.

  • When was the last Balance Sheet of Paschim Gujarat Vij Company Limited filed with the ROC?

    The most recent Balance Sheet for Paschim Gujarat Vij Company Limited was filed with the ROC on 31 Mar 2023.

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