About Surat Smart City Development Limited
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Surat Smart City Development Limited is a public limited company based in Surat, Gujarat, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 31 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PLC091579. Its GSTIN is 24AAWCS9229G1ZR (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹200 Cr. It is led by directors including Sourabh Zamsingh Pardhi and Rajan Bakulbhai Patel.
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Surat Smart City Development Limited 1st Floor South Zone Office Smc Opp. Satyanagar, Udhna, Gujarat, India – 394210.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.19 Cr (net margin -3.5%) and EBITDA of -₹83.4 Lakh (EBITDA margin -2.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 15% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Suratsmartcity. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suratsmartcity.com.
Company details
Contact details
Surat Smart City Development Limited's registered office is in Surat, Gujarat. Its website is suratsmartcity.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurat Smart City Development Limited 1st Floor South Zone Office Smc Opp. Satyanagar, Udhna, Gujarat, India – 394210
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Surat Smart City Development Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Surat Smart City Development operates one associated brand: Suratsmartcity. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smart city infrastructure and urban solutions are developed and implemented. | suratsmartcity.com |
Financials of Surat Smart City Development Limited
FY 2024 filings availableSurat Smart City Development Limited reported revenue of ₹33.87 Cr (up 214% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 214% growth in the latest year. EBITDA fell 557% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹83.4 Lakh | ||||
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| Net Profit (PAT) | -₹1.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -2.5% | ||||
| Net Profit Margin | -3.5% | ||||
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To see the full financial statements and ratios of Surat Smart City Development Limited, buy the company report.
Board of directors and KMP of Surat Smart City Development Limited
Surat Smart City Development Limited currently reports 8 directors and 1 key managerial person. 43 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourabh Zamsingh Pardhi | Director | 12 Feb 2024 | 2 Years 8 Months | Current |
| Rajan Bakulbhai Patel Also directs: Surat Sitilink Limited | Director | 26 Sep 2023 | 3 Years 1 Months | Current |
| Jatinkumar Desai | Director | 09 Nov 2020 | 5 Years 11 Months | Current |
| Shalini Shivkumar Agarwal Also directs: Gujarat Industries Power Company Ltd., Urban Ring Development Corporation Limited, Surat Sitilink Limited and 2 more | Director | 08 Oct 2022 | 4 Years 0 Months | Current |
| Veljibhai Mohanbhai Sheta | Director | 30 Oct 2017 | 9 Years 0 Months | Current |
| Remya Mohan Also directs: Urban Ring Development Corporation Limited, Diamond Research and Mercantile City Limited, Guj Info Petro Limited and 3 more | Additional Director | 25 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Surat Smart City Development Limited is compared with the 10 companies closest to it by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aarush (Phase IV) Logistics Park Private Limited | ₹34.69 Cr (FY 2024) | -18.0% | Chennai, Tamil Nadu, India | |||
| Mosrimaa Infra Private Limited | ₹34.65 Cr (FY 2025) | -16.0% | Coimbatore, Tamil Nadu, India | |||
| Designpundits Interiors Private Limited | ₹34.4 Cr (FY 2025) | -10.0% | Mumbai, Maharashtra, India | |||
| T2t Designs Private Limited | ₹34.11 Cr (FY 2018) | 88.0% | Chennai, Tamil Nadu, India | |||
| Radial IT Park Private Limited | ₹33.87 Cr (FY 2025) | 254.0% | Chennai, Tamil Nadu, India | |||
| Surat Smart City Development Limitedthis company | ₹33.87 Cr (FY 2025) | -₹1.19 Cr | -3.5% | 214.0% | Surat, Gujarat, India | |
| KVR Industrial Park Private Limited | ₹33.73 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Khushi Infrastructure Private Limited | ₹33.63 Cr (FY 2024) | -15.0% | Chinhat, Uttar Pradesh, India | |||
| S A S Servizio Private Limited | ₹33.62 Cr (FY 2025) | -47.0% | New Delhi, Delhi, India | |||
| Astha Infradevelopers Private Limited | ₹33.57 Cr (FY 2025) | Agra, Uttar Pradesh, India | ||||
| Vitthoba Mauli Infraproject Private Limited | ₹33.51 Cr (FY 2024) | 61.0% | Thane, Maharashtra, India |
To see the full peer comparison of Surat Smart City Development Limited, buy the company report.
Auditor
Surat Smart City Development Limited is audited by NATVARLAL VEPARI AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NATVARLAL VEPARI AND CO | FY 2023 | 123626W |
Shareholding
The shareholding of Surat Smart City Development Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Surat Smart City Development Limited, buy the company report.
Legal cases
Surat Smart City Development Limited has 1 court case on record: 1 filed by Surat Smart City Development. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Principal Commissioner of Income Tax, Surat -1 and 1 other | Disposed |
To see the full case history of Surat Smart City Development Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Surat Smart City Development Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Surat Smart City Development has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aic Surati Ilab Foundation | U74999GJ2018NPL101685 |
To see the full group structure of Surat Smart City Development Limited, buy the company report.
GST
Surat Smart City Development has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAWCS9229G1ZR | Gujarat | Active | 01 Jul 2017 |
| 24AAWCS9229G1D0 | Gujarat | Active | 28 Nov 2018 |
To see the full GST registrations and return filing status of Surat Smart City Development Limited, buy the company report.
Recent activity
Surat Smart City Development Limited has 49 board changes on record since 2016: 11 appointments and 38 cessations. The latest: Kamlesh Bhikhubhai Naik ceased to be Director on 30 Jun 2025.
40 earlier events are in the company report.
Frequently asked questions
Surat Smart City Development is an active public limited company based in Surat, Gujarat, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 31 March 2016 (10+ years old) and is registered under CIN U74999GJ2016PLC091579.
Surat Smart City Development has 9 current directors and KMP:
- Sourabh Zamsingh Pardhi - Director
- Rajan Bakulbhai Patel - Director
- Jatinkumar Desai - Director
- Shalini Shivkumar Agarwal - Director
- Veljibhai Mohanbhai Sheta - Director
- Remya Mohan - Additional Director
- Manishkumar Doctor - Director
- Sanjay Kumar Upadhyay - Director
- Swati Pareshkumar Desai - Ceo
The latest financial statements of Surat Smart City Development on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Surat Smart City Development is 24AAWCS9229G1ZR, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAWCS9229G1D0 (Gujarat).
The CIN (Corporate Identification Number) of Surat Smart City Development is U74999GJ2016PLC091579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surat Smart City Development has 1 court case on record: 1 filed by the company.
Surat Smart City Development was incorporated on 31 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Surat Smart City Development by revenue are Aarush (Phase IV) Logistics Park Private Limited, Mosrimaa Infra Private Limited, Designpundits Interiors Private Limited, T2t Designs Private Limited, Radial IT Park Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Kamlesh Bhikhubhai Naik ceased to be Director on 30 Jun 2025. Remya Mohan was appointed as Additional Director on 25 Mar 2025. Sanjay Kumar Upadhyay was appointed as Director on 25 Mar 2025. Surat Smart City Development has 49 board changes on record in total.
Surat Smart City Development can be reached through the website suratsmartcity.com. Its registered office is in Surat, Gujarat, India.
The registered office of Surat Smart City Development is at Surat Smart City Development 1st Floor South Zone Office Smc Opp. Satyanagar, Udhna, Gujarat, India – 394210.
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