Mumbai Railway Vikas Corporation

Mumbai Railway Vikas Corporation

Company type	Public sector undertaking
Industry	Rail transport
Founded	12 July 1999;26 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$16 million) (2022-23)
Net income	₹87.42 crore (US$10 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 the 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 the existing 5000.
• Segregate the suburban train operation from the main line passenger and freight services

Objectives

• Integrate suburban rail capacity enhancement plans with the urban development plans for Mumbai and propose investments.
• Implement rail infrastructure projects in Mumbai's suburban sections.
• Commercially develop Mumbai's railway land and airspace to raise funds for suburban railway development.
• Resettle and rehabilitate project affected people.

References

1. "Annual Report, 2022-23 (Bilingual)" (PDF). mrvc.indianrailways.gov.in. MRVC. 31 March 2023. p. 91. Retrieved 14 January 2024.
2. "About Us". mrvc.indianrailways.gov.in. MRVC. 21 January 2022. Retrieved 14 January 2024.