Mumbai Railway Vikas Corporation Limited (MRVC Ltd.), a Public Sector Undertaking of Govt. of India under Ministry of Railways (MoR) was incorporated under Companies Act, 1956 on 12th 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 involved in executing the suburban rail improvement projects under Mumbai Urban Transport Project (MUTP) as sanctioned by Ministry of Railways for enhancing suburban rail transportation capacity thereby reducing the overcrowding and meeting future traffic requirements. The corporation is also involved in the planning and development of Mumbai Suburban Rail system. The main objectives of MUTP are_
Bringing down the passengers per 12 coach to 4000 as against existing 6500.
Segregate the suburban train operation from the main line passenger and freight services