Gridco Limited - Company overview

Gridco was incorporated on 20 April 1995 and is registered with ROC Cuttack.

1995-04-20 Khurda, Orissa Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹1000+ Cr
▲ 18.9%
FY 2023
PROFIT / LOSS
Loss · ₹500–1000 Cr
▼ -76.8%
FY 2023
EBITDA
Loss · ₹100–500 Cr
▼ -290.3%
FY 2023
NET WORTH
Loss · ₹1000+ Cr
▼ -11.1%
FY 2023
TOTAL ASSETS
₹1000+ Cr
▲ 4.1%
FY 2023
EMPLOYEE COUNT
1–10
OPEN CHARGES
13
-
PAID-UP CAPITAL
3,611.84 cr
AUTHORISED CAPITAL
6,000.00 cr
COMPANY AGE
31 Years 6 Months
since 1995-04-20
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-24
ACTIVE GST
2
Updated: 2023-10-20 18:48:52
TOTAL MONEY RAISED
₹100–500 Cr
SATISFIED CHARGES
67
11,402.76 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Gridco covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
50/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (68), financial health (20), director (30) and company-foundation signals.
  • Operating for 31+ years.
Compliance Score Moderate
68/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score High risk
20/100
Profitability, leverage and liquidity from filed statements.
  • Loss-making in FY 2023.
  • Negative net worth - capital eroded by losses.
Director Risk Score High risk
30/100
Board strength, DIN status and churn.
  • 13 directors on the board.
  • Director VISHAL KUMAR DEV has DIN status "Deactivated".
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Gridco Company identity, industry, contact, and registration details from MCA and company records.

Gridco was incorporated on 20 April 1995 and is registered with ROC Cuttack. It is an active state government company, now more than 31 years old. The registered office is at Janpath Bhubaneswar, Khurda, Orissa. It was earlier known as Grid Corporation Of Orissa Limited.

In its MCA filings the main business is listed as electric power generation, transmission and distribution, which made up 100% of turnover.

It has 13 directors: Pradeep Kumar Pujari, Srikanta Kumar Sahoo, Nihar Ranjan Panda and 10 others. The longest-serving is Susmita Dash, on the board since 2007; the most recent to join is Kshirod Chandra Nanda, appointed in October 2025. Satya Priya Rath is the managing director. 44 former directors are on record; the most recent to leave was Nihar Ranjan Dash in February 2025. Between them, the directors also sit on the boards of 18 other companies, including Odisha Power Transmission Corporation Limited and Odisha Hydro Power Corporation Limited.

₹3612 crore of its ₹6000 crore authorised capital is paid up (about 60%). Its latest balance sheet on MCA is for the year ending 31 March 2025, and the last AGM was on 24 September 2025. 13 charges (secured loans) are still open, with State Bank Of India and Canara Bank among the lenders, and 67 more have been paid off.

Energy and Power ••••••••
  • Location Janpath Bhubaneswar, Khurda, Orissa - 751022
  • Website gridco.co.in
Name History
Legal NameGridco Limited
CIN / LLPINU40109OR1995SGC003960
Company No.003960
ClassificationPublic Limited State Government Company
Incorporation Date1995-04-20
Date of AGM2025-09-24
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Cuttack
Credit RatingA- (Brickwork)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Gridco (13) Current board members from MCA filings, including designation and appointment details.

P
Pradeep Kumar Pujari
Director | Since 2023-09-16 | DIN: 00399995
S
Srikanta Kumar Sahoo
CFO | Since 2021-05-31
N
Nihar Ranjan Panda
Nominee Director | Since 2025-07-21 | DIN: 10623100
R
Rabindra Nath Nayak
Director | Since 2022-10-06 | DIN: 02658070
S
Susmita Dash
Company Secretary | Since 2007-04-10
V
Vishal Kumar Dev
Director | Since 2025-01-02 | DIN: 01797521

Financial Performance of Gridco Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹1000+ Cr ▲ 18.9%
P&L Loss · ₹500–1000 Cr ▼ -76.8%
EBITDA Loss · ₹100–500 Cr ▼ -290.3%
Net worth Loss · ₹1000+ Cr ▼ -11.1%

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Charges of Gridco Open and satisfied charges registered against the company with MCA.

Canara Bank : 2,029.77 cr
State Bank Of India : 700.00 cr
Others : 500.00 cr
Open Charges: 13 Satisfied Charges: 67
Open -
Satisfied 11,402.76 cr
LenderAmountStatus
Others
Creation Date: 06 Sep 2025
 500.00 cr Open
State Bank Of India
Creation Date: 10 Apr 2025
 700.00 cr Open
Canara Bank
Creation Date: 21 Sep 2024
 500.00 cr Open

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Electricity, gas, steam and air condition supplyElectric power generation, transmission and distribution100

Companies With Common Directors Of Gridco Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Odisha Power Transmission Corporation Limited 3 Shared Directors
Odisha Hydro Power Corporation Limited 2 Shared Directors
Adani Harbour Services Limited 1 Shared Director
Adani Ports And Special Economic Zone Limited 1 Shared Director
Allied Engineering Works Limited 1 Shared Director
Diamond Power Infrastructure Limited 1 Shared Director
Future Smartec (Opc) Private Limited 1 Shared Director
Green Energy Development Corporation Of Odisha Limited 1 Shared Director
Imp Powers Limited 1 Shared Director
Indian Energy Exchange Limited 1 Shared Director
New Age Markets In Electricity Private Limited 1 Shared Director
Odisha Coal And Power Limited 1 Shared Director
Odisha Power Generation Corporation Limited 1 Shared Director
Oreda Limited 1 Shared Director
Powerica Limited 1 Shared Director
Tp Northern Odisha Distribution Limited 1 Shared Director
Tp Western Odisha Distribution Limited 1 Shared Director
Yash Highvoltage Limited 1 Shared Director

Financial Ratios of Gridco Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

9 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Gridco Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Gridco EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

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Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Gridco GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Gridco Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Gridco MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Gridco Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Gridco Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Gridco?
MCA does not publish an "owner" field. Gridco is run by its directors, Pradeep Kumar Pujari, Srikanta Kumar Sahoo, Nihar Ranjan Panda and ten others, with Satya Priya Rath as managing director. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Gridco?
Gridco has 13 current directors: Pradeep Kumar Pujari (since September 2023), Srikanta Kumar Sahoo (since May 2021), Nihar Ranjan Panda (since July 2025), Rabindra Nath Nayak (since October 2022), Susmita Dash (since April 2007) and Vishal Kumar Dev (since January 2025), plus 7 more. Satya Priya Rath is the managing director.
What is CIN of Gridco?
The CIN of Gridco is U40109OR1995SGC003960. Reading it left to right: U means it is not listed, 40109 is the industry code it registered under, OR is Odisha, 1995 is the year it was registered, SGC is the company type and 003960 is its registration number.
When was Gridco incorporated?
Gridco was incorporated on 20 April 1995 with ROC Cuttack. That makes it more than 31 years old.
What is the registered address of Gridco?
The registered office on MCA records is Janpath Bhubaneswar, Khurda, Orissa - 751022.
What is the current status of Gridco?
MCA shows Gridco as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Gridco?
You can post to its registered office at Janpath Bhubaneswar, Khurda, Orissa - 751022 and use its website, https://gridco.co.in.
What industry or business activity is Gridco associated with?
Its MCA filings list the main business as electric power generation, transmission and distribution (100% of turnover).
What is paid-up capital and authorised share capital of Gridco?
Paid-up capital is ₹3612 crore and authorised capital is ₹6000 crore, so about 60% of the authorised amount has been issued.
When did Gridco last file accounts and hold an AGM?
The last AGM on record was on 24 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Gridco?
13 charges against Gridco are still open and 67 have been satisfied. Lenders named in the filings include State Bank Of India and Canara Bank.
Have any directors left Gridco?
Yes, 44 former directors are on record. The most recent to leave were Nihar Ranjan Dash (February 2025), Yudhisthir Nayak (July 2024) and Chittaranjan Pradhan (September 2023).
Which companies share directors with Gridco?
18 companies share directors with Gridco. Among them are Odisha Power Transmission Corporation Limited, Odisha Hydro Power Corporation Limited, Adani Harbour Services Limited and 15 more.
What is the turnover or revenue of Gridco?
Based on filed financial statements, the revenue of Gridco for FY 2023 was in the ₹1000+ Cr range. That is up 18.9% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Gridco?
For FY 2023, the net worth of Gridco was negative, in the ₹1000+ Cr range.
How can I get the financial details of Gridco?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Gridco?
The website on record for Gridco is https://gridco.co.in.
Which company owns gridco.co.in?
gridco.co.in is the website listed for Gridco Limited in its company records.
Gridco - is it listed or unlisted?
Gridco is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Gridco?
Gridco is registered with ROC Cuttack.
What is the company classification of Gridco?
MCA classifies Gridco as: Public Limited State Government Company.
Does Gridco have GST registrations on file?
Yes, 2 active GST registrations are linked to Gridco, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.