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Maharashtra State Power Generation Company Limited
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MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED

All Companies ›

Maharashtra ›

Electricity, Gas & Water ›

Active

Updated: 28 Jun 2025

The company is engaged in the power generation and the second largest generation.

Maharashtra State Power Generation Company Limited, is an unlisted public company incorporated on 31 May, 2005. It is classified as a State government company and is located in , . It's authorized share capital is INR 40,000.00 cr and the total paid-up capital is INR 26,304.19 cr.

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Industry and products

Electricity, Gas & Water

hydro-electric and responsible fossil generation directed towards shrinking our carbon footprints, Solar, gas, wind

Company size

Auth Capital

₹ 40,000.0 Cr

Paidup Capital

₹ 26,304.2 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

-0.71%

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EBITDA

153.49%

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Net Profit

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Networth

-4.87%

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Borrowings

-2.84%

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Assets

0.06%

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Gross Margin

6.96

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Operating Margin

5.61

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Net Profit Margin

2.91

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Return on Equity

5.76

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ROCE

4.13

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Debt to Equity

0.05

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Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (19)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Balasaheb Baburao Thite	08923676	5 years
Whole-time Director	Sanjay Manoharrao Marudkar	09676934	3 years
Director	Vishwas Vasant Pathak	00093771	3 years
Director	Abha Shukla	09054999	3 years
Managing Director	Radhakrishnan Balasubramanian	07781330	1 years
Whole-time Director	Abhay Arun Harne	10178361	2 years

Financial Highlights

Financials upto March 2024 available in Tofler Pro

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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	25,344.0	25,408.0	25,450.4	25,918.5	26,115.4
Reserves	-6,960.0	-6,303.9	-7,697.5	-8,890.3	-9,914.9
Borrowings +	30,828.8	32,925.8	39,510.6	41,960.1	40,768.4
Long term borrowings	22,727.0	22,452.2	22,211.2	24,687.3	24,724.5
Short term borrowings	8,101.8	10,473.5	17,299.4	17,272.7	16,043.9
Trade payables +	2,251.9	3,281.6	6,653.7	8,103.4	9,749.7
Days payable	57.0	89.0	155.0	123.0	157.0
Other liabilities +	18,075.9	20,183.2	15,923.7	17,911.1	19,977.0
Other non-current liabilities	5,545.4	5,326.1	5,027.6	5,069.0	5,282.3
Other current liabilities	10,278.6	11,575.5	4,242.4	4,738.8	4,945.1
Total liabilities	67,288.6	72,213.0	73,187.2	76,899.4	76,946.0
Fixed Assets +	42,948.0	42,134.1	41,532.5	40,832.1	40,381.2
Tangible assets	36,507.4	34,286.4	32,774.7	31,040.5	29,253.4
CWIP	2,253.6	3,916.4	5,081.6	6,368.0	7,837.2
Intangible assets	4,187.0	3,931.3	3,676.2	3,423.5	3,290.7
LT loans and advances	-	-	-	-	-
Other non-current assets	647.0	859.4	612.8	796.4	846.0
Current assets +	23,693.7	29,219.6	31,042.0	35,270.9	35,718.8
Inventories	1,763.0	930.1	1,255.8	2,114.8	2,943.6
Trade receivables	17,930.7	24,518.2	27,231.9	31,567.4	31,264.4
Cash and cash equivalents	5.0	57.5	101.0	354.9	160.8
ST loans and advances	7.7	5.8	5.4	1.8	1.9
Other current assets	3,987.4	3,708.0	2,447.9	1,232.1	1,348.1
Total assets	67,288.6	72,213.0	73,187.2	76,899.4	76,946.0

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	37.66	35.18	34.77	33.7	33.94
Reserves	-10.34	-8.73	-10.52	-11.56	-12.89
Borrowings +	45.82	45.6	53.99	54.56	52.98
Long term borrowings	33.78	31.09	30.35	32.1	32.13
Short term borrowings	12.04	14.5	23.64	22.46	20.85
Trade payables	3.35	4.54	9.09	10.54	12.67
Other liabilities +	26.86	27.95	21.76	23.29	25.96
Other non-current liabilities	8.24	7.38	6.87	6.59	6.86
Other current liabilities	15.28	16.03	5.8	6.16	6.43
Total liabilities
Fixed Assets +	63.83	58.35	56.75	53.1	52.48
Tangible assets	54.25	47.48	44.78	40.37	38.02
CWIP	3.35	5.42	6.94	8.28	10.19
Intangible assets	6.22	5.44	5.02	4.45	4.28
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	0.96	1.19	0.84	1.04	1.1
Current assets +	35.21	40.46	42.41	45.87	46.42
Inventories	2.62	1.29	1.72	2.75	3.83
Trade receivables	26.65	33.95	37.21	41.05	40.63
Cash and cash equivalents	0.01	0.08	0.14	0.46	0.21
ST loans and advances	0.01	0.01	0.01	0.0	0.0
Other current assets	5.93	5.13	3.34	1.6	1.75
Total assets

Total assets

Charges on assets

Bank wise

Charges

REC LIMITED

No. of Loans: 16

Total Amount : 24,827.3 cr

Power Finance Corporation Limited

No. of Loans: 30

Total Amount : 21,589.6 cr

Bank of India

No. of Loans: 2

Total Amount : 10,700.0 cr

Rural Electrification Corporation Limited

No. of Loans: 8

Total Amount : 8,657.8 cr

Housing and Urban Development Corporation Limited

No. of Loans: 1

Total Amount : 4,238.7 cr

Bank of Maharashtra

No. of Loans: 3

Total Amount : 1,572.0 cr

Central Bank of India

No. of Loans: 2

Total Amount : 1,034.0 cr

State Bank of India

No. of Loans: 1

Total Amount : 1,000.0 cr

Canara Bank

No. of Loans: 1

Total Amount : 550.0 cr

Indian Bank

No. of Loans: 2

Total Amount : 190.0 cr

IL&FS Trust Company Limited

No. of Loans: 1

Total Amount : 168.8 cr

Indian Renewable Energy Development Agency Limited

No. of Loans: 1

Total Amount : 39.4 cr

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED

No. of Loans: 1

Total Amount : 28.4 cr

Charge Holder	Amount	Date of creation/modification
REC LIMITED	1,271.3 cr	05 Jun, 2025
REC LIMITED	1,174.8 cr	29 May, 2025
Housing and Urban Development Corporation Limited	4,238.7 cr	25 Mar, 2025
REC LIMITED	233.2 cr	17 Mar, 2025
REC LIMITED	1,584.4 cr	17 Mar, 2025
Canara Bank	550.0 cr	23 Aug, 2024
Power Finance Corporation Limited	180.0 cr	31 Jul, 2024
REC LIMITED	4,664.5 cr	24 Apr, 2024
REC LIMITED	1,130.4 cr	24 Apr, 2024
State Bank of India	1,000.0 cr	28 Mar, 2024
Power Finance Corporation Limited	702.2 cr	22 Dec, 2023
REC LIMITED	105.9 cr	28 Feb, 2023
Power Finance Corporation Limited	87.8 cr	14 Oct, 2022
Power Finance Corporation Limited	87.8 cr	14 Oct, 2022
Power Finance Corporation Limited	36.1 cr	14 Oct, 2022
Power Finance Corporation Limited	36.1 cr	14 Oct, 2022
Bank of Maharashtra	825.0 cr	09 Sep, 2022
REC LIMITED	480.4 cr	20 May, 2022
Power Finance Corporation Limited	11.6 cr	15 Mar, 2022
Power Finance Corporation Limited	12.2 cr	15 Mar, 2022
Power Finance Corporation Limited	11.2 cr	15 Mar, 2022
Power Finance Corporation Limited	11.7 cr	15 Mar, 2022
Power Finance Corporation Limited	14.8 cr	15 Mar, 2022
Power Finance Corporation Limited	13.7 cr	15 Mar, 2022
Power Finance Corporation Limited	23.8 cr	15 Mar, 2022
Power Finance Corporation Limited	10.4 cr	15 Mar, 2022
REC LIMITED	1,199.4 cr	30 Dec, 2021
Power Finance Corporation Limited	335.3 cr	29 Dec, 2021
Power Finance Corporation Limited	339.1 cr	29 Dec, 2021
Power Finance Corporation Limited	312.9 cr	29 Dec, 2021
Power Finance Corporation Limited	210.2 cr	29 Dec, 2021
Power Finance Corporation Limited	184.5 cr	29 Dec, 2021
Power Finance Corporation Limited	202.1 cr	29 Dec, 2021
Power Finance Corporation Limited	91.0 cr	29 Dec, 2021
REC LIMITED	209.0 cr	18 Dec, 2021
Power Finance Corporation Limited	1,575.5 cr	03 Dec, 2021
Power Finance Corporation Limited	2,000.0 cr	11 Feb, 2021
REC LIMITED	1,000.0 cr	22 Dec, 2020
Bank of India	10,500.0 cr	16 Dec, 2020
Bank of Maharashtra	700.0 cr	29 Oct, 2020
Indian Bank	40.0 cr	30 Sep, 2020
Bank of India	200.0 cr	22 Sep, 2020
Central Bank of India	34.0 cr	22 Jul, 2020
Bank of Maharashtra	47.0 cr	16 Jun, 2020
REC LIMITED	405.7 cr	07 Feb, 2020
REC LIMITED	544.8 cr	07 Feb, 2020
REC LIMITED	3,956.0 cr	26 Sep, 2019
REC LIMITED	6,343.6 cr	14 Jun, 2019
REC LIMITED	524.0 cr	22 May, 2019
Rural Electrification Corporation Limited	638.7 cr	08 Jun, 2018
Rural Electrification Corporation Limited	835.0 cr	21 Jul, 2017
Power Finance Corporation Limited	11,895.7 cr	19 Jul, 2017
Rural Electrification Corporation Limited	147.4 cr	17 Jun, 2017
Rural Electrification Corporation Limited	1,631.7 cr	04 Oct, 2016
Power Finance Corporation Limited	119.3 cr	24 Nov, 2014
IL&FS Trust Company Limited	168.8 cr	10 Oct, 2014
Power Finance Corporation Limited	983.0 cr	24 Jan, 2014
Rural Electrification Corporation Limited	57.2 cr	25 Oct, 2013
Central Bank of India	1,000.0 cr	28 Mar, 2013
Indian Renewable Energy Development Agency Limited	39.4 cr	26 Mar, 2013
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED	28.4 cr	15 Mar, 2013
Rural Electrification Corporation Limited	66.9 cr	07 Mar, 2013
Rural Electrification Corporation Limited	109.0 cr	07 Mar, 2013
Rural Electrification Corporation Limited	5,171.9 cr	10 Jun, 2011
Power Finance Corporation Limited	1,126.9 cr	29 Nov, 2010
Indian Bank	150.0 cr	02 Aug, 2007
Power Finance Corporation Limited	820.0 cr	05 May, 2006
Power Finance Corporation Limited	54.5 cr	05 May, 2006
Power Finance Corporation Limited	100.0 cr	05 May, 2006

Charges

REC LIMITED

Power Finance Corporation Limited

Bank of India

Rural Electrification Corporation Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
MAHANAGAR TELEPHONE NIGAM LIMITED	Active	630.0 Cr	1	Delhi
MSEB HOLDING COMPANY LIMITED	Active	91,878.8 Cr	2	Maharashtra
MAHARASHTRA STATE ELECTRICITY TRANSMISSION COMPANY LIMITED	Active	8,985.0 Cr	2
MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED	Active	49,721.7 Cr	2
NAGPUR ENVIRONMENTAL SERVICES LIMITED	Active	5.0 L	1	Maharashtra
MAHAGUJ COLLIERIES LIMITED	Active	5.0 L	1	Maharashtra
DHOPAVE COASTAL POWER LIMITED	Active	5.0 L	2	Maharashtra
MAHAGENCO RENEWABLE ENERGY LIMITED	Active	5.0 L	2	Maharashtra
U C M COAL COMPANY LIMITED	Active	16.0 L	1	Uttar Pradesh

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
MAHAGUJ COLLIERIES LIMITED	Maharashtra	2006	₹ 5.0 L
DHOPAVE COASTAL POWER LIMITED	Maharashtra	2007	₹ 5.0 L
MAHAGENCO RENEWABLE ENERGY LIMITED	Maharashtra	2007	₹ 5.0 L

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U40100MH2005SGC153648

PAN

AAECM2935R

Incorporation

2005, 20.1 years

Company Email

cs@mahagenco.in

Paid up Capital

₹ 26,304.2 Cr

Authorised Capital

₹ 40,000.0 Cr

AGM

Sep 2024

Type

Public

State Government Company

FAQ - MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED

What is the incorporation date of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED?

The incorporation date of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED is 31 May, 2005

What is the authorized share capital of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED?

The authorized share capital of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED is INR ₹ 40,000.0 Cr.

What is the paid-up capital of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED?

The paid-up capital of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED is INR ₹ 26,304.2 Cr.

What is the registered address of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED?

The registered address of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED is PRAKASHGAD PLOT NO G-9ANANT KANEKAR MARG BANDRA (EAST), MUMBAI, Maharashtra, India, 400051 - 400051

What is the CIN number of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED?

The CIN number of MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED is U40100MH2005SGC153648.

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