A numerical simulation is performed to investigate the synergizing influence of surface texture (micro-grooves) and electrically conducting lubricant on static and dynamic performance of hybrid thrust pad bearings operating under transverse magnetic field. Linear momentum and mass conservation equation are solved simultaneously to derive modified Reynolds equation for magnetohydrodynamic lubrication. Finite element approach has been used to obtain couple solution of modified Reynolds equation and restrictor (orifice) flow equation. A mass conserving algorithm (Jakobsson-Floberg-Olsson boundary condition) has been implemented to simulate cavitation phenomenon within micro-grooves. A parametric investigation (based on load-carrying capacity/fluid film pressure) is carried out to obtain optimum attributes for various micro-grooves shapes. Providing micro-groove on bearings surfaces results in a significant increase in load-carrying capacity, stiffness coefficient and reduction in frictional power loss of the bearing. Employing of electrically conducting lubricant is seen to be enhancing the load-carrying capacity and damping characteristics of the bearing.