Promoter holding
64.27%
GL
Gridco Limited - Due diligence report
A 360° intelligence report on Gridco: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Gridco — 360° Intelligence Report
Generated from MCA filings & public records55/100
Trust Score
Moderate
Gridco is assessed as Moderate with a Trust Score of 55/100. Gridco is an active public limited state government company incorporated in 1995, operating in the Energy and Power sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.
Report generated on 04 Jul 2026 from the latest processed filings. Gridco Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (A-).
Charges position: 13 open (7,799.77 cr) · 67 satisfied (11,547.57 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 19 | 48.0 cr |
| Canara Bank | 15 | 48.0 cr |
| Bank Of India | 5 | 48.0 cr |
| Union Bank Of India | 6 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Uco Bank | 4 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 2 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRADEEP KUMAR PUJARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIKANTA KUMAR SAHOO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nihar Ranjan Panda | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RABINDRA NATH NAYAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUSMITA DASH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISHAL KUMAR DEV | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SATYA PRIYA RATH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Susanta Kumar Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADMAJA MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Debasish Das | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kshirod Chandra Nanda | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Girish Tanty | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kshirod Chandra Nanda | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- VISHAL KUMAR DEV has DIN status "Deactivated".
- 10 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
8
Capital events
2 allotment(s) · 14 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Central Electricity Supply Company Of Orissa Limited | Associate Company | 74.00% |
| North Eastern Electricity Supply Company Of Odisha Limited | Associate Company | 74.00% |
| Southern Electricity Supply Company Of Odisha Limited | Associate Company | 74.00% |
| Tp Central Odisha Distribution Limited | Associate Company | 74.00% |
| Tp Northern Odisha Distribution Limited | Associate Company | 74.00% |
| Tp Western Odisha Distribution Limited | Associate Company | 74.00% |
| Tp Southern Odisha Distribution Limited | Associate Company | 74.00% |
| Western Electricity Supply Company Of Odisha Limited | Associate Company | 74.00% |
Key managerial personnel: SRIKANTA KUMAR SAHOO (CFO) · SATYA PRIYA RATH (Managing Director) · Debasish Das (Whole-time director) · Kshirod Chandra Nanda (Whole-time director) · Girish Tanty (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 45
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
7 director exits within 2 years.
13 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 13 open charge(s) of 7,799.77 cr already registered.
- Compliance record supports lending.
Investor view51/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events18 Oct 2025
Director appointed
Kshirod Chandra Nanda (Cfo)
24 Sep 2025
Last AGM held
Annual general meeting
23 Sep 2025
Director ceased
Susanta Kumar Singh
Director ceased
Debasish Das
06 Sep 2025
Charge created
Others - 500.00 cr
30 Aug 2025
Director appointed
Girish Tanty (Whole-time director)
08 Aug 2025
Charge satisfied
Others
21 Jul 2025
Director appointed
Nihar Ranjan Panda (Nominee Director)
15 Jul 2025
Charge satisfied
Others
03 Jul 2025
Director appointed
Debasish Das (Whole-time director)
01 Jul 2025
Director appointed
Kshirod Chandra Nanda (Whole-time director)
16 May 2025
Director ceased
SRIKANTA KUMAR SAHOO
10 Apr 2025
Charge created
State Bank Of India - 700.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Mar 2025
Charge satisfied
Indian Overseas Bank
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Compliance record is strong - status, filings and flags are clean.
13 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Nhpcindia | L40101HR1975GOI032564 | Haryana, Haryana, India |
| Solar Energy Corporation Of India | U40106DL2011GOI225263 | New Delhi, Delhi, India |
| Hubli Electricity Supply Company Limited | U31401KA2002SGC030437 | Hubli, Karnataka, India |
| Wbpdcl | U40104WB1985SGC039154 | Kolkata, West Bengal, India |
| Andhra Pradesh Power Generation Corporation Limited | U40109AP1998SGC109187 | Vijayawada, Andhra Pradesh, India |
| Andhra Pradesh Central Power Distribution Corporation Limited | U40108AP2019SGC113717 | Vijayawada, Andhra Pradesh, India |
| Madhya Pradesh Poorv Kshetra Vidyut Vitarany | U40109MP2002SGC015120 | Jabalpur, Madhya Pradesh, India |
| Northern Power Distribution Company Of Telangana Limited | U40109TG2000SGC034119 | Warangal, Telangana, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Gridco before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Gridco: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Gridco - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Gridco pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Gridco - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Gridco an active company?
Gridco has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Gridco financially healthy?
Gridco has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Gridco?
Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Gridco?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Gridco have loans or charges against its assets?
13 open charge(s) are registered against its assets, and 67 earlier charge(s) stand satisfied.
Is Gridco up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Gridco?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
