About Gammon India Limited
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Gammon India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 15 June 1922 and has been in existence for over 104 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1922PLC000997. Its GSTIN is 27AAACG3821A1Z9 (Maharashtra). The company holds 28 GST registrations, of which 19 are active. Its shares are listed on BSE: 509550.
The company has an authorised share capital of ₹15,047 Cr and a paid-up capital of ₹73.91 Cr. It was formerly known as J . C Gammon (Bombay) Limited and Gammon India Private Limited. It is led by directors including Dakshinamurty Vemparla (Whole-Time Director) and Ashok Bhikamchand Bhutada.
Its last annual general meeting (AGM) was held on 05 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹99.88 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹1,192.34 Cr and EBITDA of -₹27.67 Cr (EBITDA margin -27.7%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 15% over five years.
The company has about 201 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
The company is associated with 2 brands: Gammon and Gammon Infrastructure Projects. As per MCA filings, the company has open charges of ₹38,516 Cr and satisfied charges of ₹1,440.08 Cr on record. Court records list 1,995 cases involving the company, including 729 filed by the company and 1,267 filed against it; 261 cases are pending. The company has 29 deals on record (21 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹219.7 Cr; the latest was in July 2014. Its 6 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 4 smaller; the largest is Sarthak Contracts Private Limited with revenue of ₹100.34 Cr. The company has 29 MSME Form 1 returns on record between 2012 and 2019, listing 375 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gammonindia.com.
Company details
Name history
Gammon India has undergone 2 name changes throughout its history. The company was previously known as J . C Gammon (Bombay) Limited, and Gammon India Private Limited. The current legal name is Gammon India Limited.
| Company Name | Status |
|---|---|
| Gammon India Limited | Current |
| J . C Gammon (Bombay) Limited | Previous |
| Gammon India Private Limited | Previous |
CIN history
Gammon India has one previous CIN (Corporate Identification Number): U74999MH1922PTC000997. The current CIN is L74999MH1922PLC000997, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999MH1922PLC000997 | Current |
| U74999MH1922PTC000997 | Previous |
Contact details
Gammon India Limited's registered office is in Mumbai, Maharashtra. Its website is gammonindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFloor 3rd Plot No – 3/8 Hamilton House J.N. Heredia Marg Ballard Estate Mumba, I 400038, Mumbai, Maharashtra, India – 400038
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Gammon India 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
Gammon India operates two associated brands: Gammon and Gammon Infrastructure Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development services are provided for construction projects in India. | gammonindia.com | |
| Commercial properties are developed in the infrastructure sector since 2001. | gammoninfra.com |
Business activity
The main business activity of Gammon India is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Gammon India Limited, buy the company report.
Financials of Gammon India Limited
FY 2025 filings availableGammon India Limited reported revenue of ₹99.88 Cr (down 54% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 54% fall in the latest year. EBITDA rose 94% 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 | -₹27.67 Cr | ||||
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| Net Profit (PAT) | -₹1,192.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.7% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Gammon India Limited, buy the company report.
Board of directors of Gammon India Limited
Gammon India has 6 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Bhikamchand Bhutada | Director | 21 Nov 2025 | 0 Years 11 Months | Current |
| Dakshinamurty Vemparla | Whole-Time Director | 24 Oct 2025 | 0 Years 11 Months | Current |
| Vishwas Madhusudan Joglekar | Director | 02 Aug 2025 | 1 Years 2 Months | Current |
| Lily Bhushan | Director | 25 Mar 2025 | 1 Years 6 Months | Current |
| Mahendra Ujamshi Shah | Director | 27 Dec 2023 | 2 Years 9 Months | Current |
| Ajay Krishan Bhatnagar | Additional Director | 30 May 2026 | 0 Years 4 Months | Current |
Peer comparison
Gammon India Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sarthak Contracts Private Limited | ₹100.34 Cr (FY 2024) | 54.0% | Jaipur, Rajasthan, India | |||
| Bhavyabharat Infrastructure & Construction Private Limited | ₹100.08 Cr (FY 2024) | 49.0% | Delhi, India | |||
| Gammon India Limitedthis company | ₹99.88 Cr (FY 2025) | -₹1,192.34 Cr | -54.0% | 201 | Mumbai, Maharashtra, India | |
| Vinci Global Private Limited | ₹99.83 Cr (FY 2025) | 37.0% | Hyderabad, Telangana, India | |||
| Selliamman Constructions Private Limited | ₹99.63 Cr (FY 2025) | -1.0% | Bhavani, Tamil Nadu, India | |||
| Atlantaa Limited | ₹99.54 Cr (FY 2025) | -33.0% | Mumbai, Maharashtra, India | |||
| Vijaya Infra Project Private Limited | ₹99.48 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Gammon India Limited, buy the company report.
Auditor
Gammon India Limited is audited by For Natvarlal Vepari & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For Natvarlal Vepari & Co | FY 2024 | 106971W |
Shareholding
The shareholding of Gammon India Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gammon India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2017 | 100111912 | Others | ₹4,683.41 Cr | Open | |
| 29 Jun 2017 | 100113876 | Others | ₹4,683.41 Cr | Open | |
| 06 Dec 2013 | 10473762 | Others | ₹14,814 Cr | Open | |
| 23 Mar 2013 | 10416990 | Bank of Baroda | ₹200 Cr | Open | |
| 28 Jan 2013 | 10413026 | Others | ₹475 Cr | Open |
To see the full charge records of Gammon India Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Gammon India Limited has 29 deals on record (21 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹219.7 Cr; the latest was in July 2014.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2013 | Market trade | ₹4.58 Cr | Buyer: an individual Seller: First Asian Capital Resources Private Limited |
| Mar 2012 | Market trade | ₹4.36 Cr | Seller: Mogra Investments Private Limited |
| Aug 2011 | Market trade | ₹9.93 Cr | Buyer: Ambit Capital Private Limited Seller: Tree Line Investment Management |
| Jul 2008 | Acquisition | Undisclosed | Buyer: Gammon India Limited |
| Aug 2005 | Market trade | ₹3.82 Cr | Buyer: H J Securities Private Limited Seller: H J Securities Private Limited |
To see the full deal history of Gammon India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gammon India Limited has 1,995 court cases on record: 729 filed by Gammon India, 1,267 filed against it. 261 cases are pending and 1,734 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,045 | 565 | 131 |
| District courts | 799 | 596 | 122 |
| Supreme Court | 84 | 41 | 3 |
| NCLT | 52 | 51 | 3 |
| NCLAT | 15 | 14 | 2 |
Cases on record (5 of 1,995)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Revision petition | Filed against the company by Sachdeva Lighting Pvt. Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Robin and Robin Health Care Pvt.Ltd | Pending |
| Gauhati High Court | Interim or miscellaneous application | Filed against the company by Universal Sompo General Insurance Company Ltd. | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by L and T Geostructure Pvt Ltd. | Pending |
| Bombay High Court | Appeal | Filed against the company by Neelkanth Realtors Pvt Ltd and Anr | Pending |
To see the full case history of Gammon India 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.
Credit ratings & regulatory alerts
Gammon India Limited was last rated by Care on 05 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Aug 2022 |
To see the full credit ratings and regulatory alerts of Gammon India Limited, buy the company report.
MSME payment delays
Gammon India Limited has 29 MSME Form 1 returns on record between 2012 and 2019, listing 375 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Orient Cargo Movers Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Mecgale Pneumatics Private Limited | |||
| Duracon Cement Product Private Limited |
To see the full MSME payment records of Gammon India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Gammon India has 9 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ansaldocaldaie Boilers India Private Limited | U28123TN2005PTC055309 | |
| Gammon Real Estate & Developers Private Limited | U29268MH2010PTC202531 | |
| Gammon Power Limited | U40108MH2008PLC186403 | |
| Gammon Realty Limited | U45201MH2006PLC165785 | |
| Metropolitan Infrahousing Private Limited | U45201MH2006PTC162441 | |
| Gammon Retail Infrastructure Private Limited | U45202MH2008PTC184838 |
To see the full group structure of Gammon India Limited, buy the company report.
Employees & EPFO
Gammon India Limited has a workforce of 201 employees on its EPFO records as of Oct 09, 2025, across 84 active EPFO establishments.
GST
Gammon India has 28 GST registrations: 19 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG3821A1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 02AAACG3821A1ZL | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AAACG3821A1ZF | Uttarakhand | Active | 01 Jul 2017 |
| 07AAACG3821A1ZB | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gammon India Limited, buy the company report.
Recent activity
Gammon India Limited has 63 board changes on record since 1991: 36 appointments and 27 cessations. The latest: Ajay Krishan Bhatnagar was appointed as Additional Director on 30 May 2026.
118 earlier events are in the company report.
News
Frequently asked questions
Gammon India is an active public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 15 June 1922 (104+ years old) and is registered under CIN L74999MH1922PLC000997. Listed on BSE: 509550.
Gammon India has 6 current directors:
- Dakshinamurty Vemparla - Whole-Time Director
- Ashok Bhikamchand Bhutada - Director
- Vishwas Madhusudan Joglekar - Director
- Lily Bhushan - Director
- Mahendra Ujamshi Shah - Director
- Ajay Krishan Bhatnagar - Additional Director
The latest financial statements of Gammon India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gammon India is 27AAACG3821A1Z9, registered in Maharashtra. The company has 28 GST registrations in all, of which 19 are active and 9 are cancelled or inactive. Other active GSTINs include 02AAACG3821A1ZL (Himachal Pradesh), 05AAACG3821A1ZF (Uttarakhand), 07AAACG3821A1ZB (Delhi).
The CIN (Corporate Identification Number) of Gammon India is L74999MH1922PLC000997. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Gammon India is listed on BSE with code 509550.
Gammon India has 1,995 court cases on record: 729 filed by the company and 1,267 filed against it. 261 are pending. Most are in the high courts.
Gammon India was incorporated on 15 June 1922, making it 104+ years old. It is registered with the Registrar of Companies, Mumbai.
Gammon India has 29 deals on record (21 market trades, 4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹219.7 Cr; the latest was in July 2014.
The peers of Gammon India by revenue are Sarthak Contracts Private Limited, Bhavyabharat Infrastructure & Construction Private Limited, Vinci Global Private Limited, Selliamman Constructions Private Limited, Atlantaa Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Ajay Krishan Bhatnagar was appointed as Additional Director on 30 May 2026. Ashok Bhikamchand Bhutada was appointed as Director on 21 Nov 2025. Dakshinamurty Vemparla was appointed as Whole-Time Director on 24 Oct 2025. Gammon India has 63 board changes on record in total.
Gammon India has 29 MSME Form 1 returns on record between 2012 and 2019, listing 375 overdue payments to 7 micro and small suppliers. The latest return was filed on 27 Aug 2023.