About GRICL
GRICL is a Government & Social Sector company based in Gandhinagar (India) founded in 1999, and was acquired by Adani Enterprises in August 2022. Infrastructure leasing and financial services are provided by GRICL. It operates in the Government & Social Sector and Transportation, Automotive & Logistics sectors. Its Indian entity Gujarat Road And Infrastructure Company Limited reported revenue of ₹438 Cr. Its focus areas include Public Administration, Government Entities, Travel and Hospitality and Road Infrastructure Operators.
Company details
GRICL was established in 1999 and is headquartered in Gandhinagar, India. Infrastructure leasing and financial services form the core of its operations within the financial sector. Equipment and assets are leased to various industries, while financing solutions support infrastructure projects. Activities are centered in India, with a focus on enabling business growth through structured leasing arrangements and credit facilities. The company maintains a domain at gricl.com for its digital presence.
- Headquarters Gandhinagar, India
- Stage Acquired
- SectorsGovernment & Social SectorTransportation, Automotive & Logistics
- Website gricl.com
- Acquired by Adani Enterprises (Aug 2022)
- Legal Name Gujarat Road And Infrastructure Company Limited
- Date of Incorporation 02 Jun, 1999
- Jurisdiction Gandhinagar, Gujarat, India
- Annual Revenue₹438 Cr
FY 2026 · +15% YoY
- Net Profit₹214 Cr
FY 2026 · 49% margin
- EBITDA₹361 Cr
FY 2026 · 83% margin
- Investors
- Acquired byAdani Enterprises
(Aug 2022)
Associated legal entities of GRICL
GRICL operates through Gujarat Road And Infrastructure Company Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gujarat Road And Infrastructure Company Limited CIN U65990GJ1999PLC036086 | Active | 02 Jun 1999 | Gandhinagar, Gujarat | ₹438 Cr | 53 | 15 | View details |
Investors in GRICL
GRICL has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Adani Enterprises.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Solar energy projects are developed by a diversified Indian conglomerate. | 1993 | adanienterprises.com | Ahmedabad, India |
Investor details for GRICL
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- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Gujarat Road And Infrastructure Company Limited (GRICL)
Gujarat Road And Infrastructure Company Limited is the primary company behind GRICL. The board of Gujarat Road And Infrastructure Company Limited currently have 12 directors; the longest-serving is Pranab Jyotiprakash Nanda, appointed in 2022. 42 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pranab Jyotiprakash Nanda DIN 05329993 | Nominee Director | 07 Feb 2022 | 4 yrs 8 mo | Gujarat Road And Infrastructure Company Limited |
| Priya Prempal Shetty DIN 08858814 | Nominee Director | 14 Nov 2022 | 3 yrs 11 mo | Gujarat Road And Infrastructure Company Limited |
| Satyanarayan Shivsinhji Rathore DIN 00128987 | Nominee Director | 04 Aug 2023 | 3 yrs 3 mo | Gujarat Road And Infrastructure Company Limited |
| Danny Samuel DIN 02348138 | Nominee Director | 09 Oct 2023 | 3 yrs | Gujarat Road And Infrastructure Company Limited |
| Meghana Singh DIN 06546078 | Nominee Director | 29 Jan 2024 | 2 yrs 9 mo | Gujarat Road And Infrastructure Company Limited |
| Zafar Khan DIN 07641366 | Nominee Director | 29 Jan 2024 | 2 yrs 9 mo | Gujarat Road And Infrastructure Company Limited |
| Gaurav Chandna DIN 10312924 | Nominee Director | 29 Jan 2024 | 2 yrs 9 mo | Gujarat Road And Infrastructure Company Limited |
| Abhishek Chhajer DIN 07226761 | Nominee Director | 29 Jan 2024 | 2 yrs 9 mo | Gujarat Road And Infrastructure Company Limited |
| Prabhatkumar Ramanlal Patelia DIN 06480313 | Nominee Director | 20 Mar 2025 | 1 yr 7 mo | Gujarat Road And Infrastructure Company Limited |
| Yagnesh Mohanlal Desai DIN 00307019 | Director | 28 Mar 2026 | 7 mo | Gujarat Road And Infrastructure Company Limited |
| Muralidhara Rao Bugatha DIN 09098450 | Director | 28 Mar 2026 | 7 mo | Gujarat Road And Infrastructure Company Limited |
| Nilamkumar Vijaysinh Vasaiya DIN 12026320 | Nominee Director | 29 Oct 2026 | Gujarat Road And Infrastructure Company Limited |
Financials of GRICL
Figures of Gujarat Road And Infrastructure Company Limited, the primary company behind GRICL, for FY 2026. Revenue was ₹438 Cr (+15% year on year). Net profit was ₹214 Cr (49% margin). EBITDA was ₹361 Cr (83% margin). Revenue has grown at a compounded annual rate of +5% over three years.
- ₹438 CrRevenue · FY 2026 · +15% YoY
- ₹214 CrNet profit · 49% margin
- ₹361 CrEBITDA · 83% margin
- ₹55.46 CrPaid-up capital
- 53Employees (provident fund records)
- +5%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Gujarat Road And Infrastructure Company Limited are on its company page.
Detailed financial statements for GRICL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of GRICL
2 dated milestones of GRICL across 23 years, from founding to its latest funding, stage changes and deals.
- Founded GRICL is founded.
- Exit Acquired by Adani Enterprises.
Top companies in Government Entities
2 companies that operate in the same segment as GRICL (Government Entities) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electricity generation and allied activities are conducted by NTPC. | 1975 | Delhi, Delhi, India | USD 21.4 B | 9,611 | ||
Government services and information are provided via the portal. | 1950 | Chennai, Tamil Nadu, India | USD 5.92 M | 48 |
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Frequently Asked Questions about GRICL
GRICL was founded in 1999.
GRICL is headquartered in Gandhinagar, India. It is registered at Gandhinagar, Gujarat, India.
The primary company behind GRICL, Gujarat Road And Infrastructure Company Limited, reported revenue of ₹438 Cr for FY 2026, up 15% year on year.
GRICL was established in 1999 and is headquartered in Gandhinagar, India. Infrastructure leasing and financial services form the core of its operations within the financial sector. Equipment and assets are leased to various industries, while financing solutions support infrastructure projects. Activities are centered in India, with a focus on enabling business growth through structured leasing arrangements and credit facilities. The company maintains a domain at gricl.com for its digital presence.
GRICL has 1 investor. Key investors include Adani Enterprises.
GRICL operates through Gujarat Road And Infrastructure Company Limited.
Yes. GRICL was acquired by Adani Enterprises in August 2022.
The legal entities of GRICL currently have 15 directors, including Yagnesh Mohanlal Desai, Pranab Jyotiprakash Nanda, Parimal Dharmendra Mistry and others.