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Mumbai Railway Vikas Corporation
Company type
Public sector undertaking
Industry
Rail transport
Founded
12 July 1999; 24 years ago (1999-07-12)
Headquarters
Churchgate,
Mumbai
,
India
Area served
Mumbai Metropolitan Region
Key people
Shri Subhash Chand Gupta (Chairman & MD)
Revenue
₹131.93 crore (US$17 million) (2022-23)
Net income
₹87.42 crore (US$11 million) (2022-23)
Owner
Ministry of Railways (51%)
Government of Maharashtra (49%)
Number of employees
239 (31 March 2023)
Website
mrvc.indianrailways.gov.in
Footnotes / references [1][2]
Mumbai Railway Vikas Corporation (MRVC) is an Indian public sector undertaking responsible for executing railway projects under the Mumbai Urban Transport Project (MUTP) as sanctioned by Ministry of Railways for enhancing suburban rail transportation. It was incorporated under Companies Act, 1956 on 12 July 1999 with an equity capital of Rs. 25 crore shared in the ratio of 51:49 between Ministry of Railways and Government of Maharashtra. MRVC is also involved in the planning and development of the Mumbai Suburban Rail system.
The main objectives of MUTP are:
Bringing down the passengers per 9 coach to 3000 as against existing 5000.
Segregate the suburban train operation from the main line passenger and freight services
^"Annual Report, 2022-23 (Bilingual)" (PDF). mrvc.indianrailways.gov.in. MRVC. 31 March 2023. p. 91. Retrieved 14 January 2024.
^"About Us". mrvc.indianrailways.gov.in. MRVC. 21 January 2022. Retrieved 14 January 2024.
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Global Information
₹131.93 crore (US$17 million) (2022-23)