About Gift Sez Limited
Data last updated:
Gift Sez Limited was a public limited company based in Gandhinagar, Gujarat, India, operated as a subsidiary of Gujarat International Finance Tec-City Company Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 September 2008.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45200GJ2008PLC054999. Its GSTIN is 24AADCG3814G1ZZ (Gujarat). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹9.75 Lakh. It was formerly known as Gift Transport Infrastructure Development Company Limited and Gift Transport Infrastructure Development Limited. It was led by directors including Vishwanathan Mavila Nair and Sudhir Kumar Jain.
Its last annual general meeting (AGM) was held on 30 November 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Gift House Block – 12 Road 1 – D Zone – I Gift SEZ Gift City, Gandhinagar, Gujarat, India – 382355.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.68 Cr, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹22.17 Cr (net margin -331.8%) and EBITDA of -₹15.94 Cr (EBITDA margin -238.5%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 80% over five years.
The company had about 20 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: GIFT City. As per MCA filings, the company had satisfied charges of ₹1,692.83 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
The last known website on record is giftgujarat.in.
Company details
Name history
Gift Sez has undergone 2 name changes throughout its history. The company was previously known as Gift Transport Infrastructure Development Company Limited, and Gift Transport Infrastructure Development Limited. The current legal name is Gift Sez Limited.
| Company Name | Status |
|---|---|
| Gift Sez Limited | Current |
| Gift Transport Infrastructure Development Company Limited | Previous |
| Gift Transport Infrastructure Development Limited | Previous |
CIN history
Gift Sez has one previous CIN (Corporate Identification Number): U45203GJ2008PLC054999. The current CIN is U45200GJ2008PLC054999, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200GJ2008PLC054999 | Current |
| U45203GJ2008PLC054999 | Previous |
Contact details
Gift Sez Limited's registered office is in Gandhinagar, Gujarat. Its website is giftgujarat.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGift House Block – 12 Road 1 – D Zone – I Gift SEZ Gift City, Gandhinagar, Gujarat, India – 382355
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Gift Sez 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
Gift Sez operates one associated brand: GIFT City. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A global financial and technology hub is established in India. | giftgujarat.in |
Business activity
The main business activity of Gift Sez is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Gift Sez Limited, buy the company report.
Financials of Gift Sez Limited
FY 2022 filings availableGift Sez Limited reported revenue of ₹6.68 Cr (down 85% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 85% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 80%. EBITDA fell 386% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.17 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -238.5% | ||||
| Net Profit Margin | -331.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Gift Sez Limited, buy the company report.
Board of directors of Gift Sez Limited
Gift Sez has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwanathan Mavila Nair | Director | 16 Aug 2018 | 8 Years 2 Months | As last reported |
| Sudhir Kumar Jain Also directs: SKJ Consulting LLP, Gujarat State Fertilizers & Chemicals Limited | Director | 16 Feb 2015 | 11 Years 8 Months | As last reported |
| Madhukant Girdharlal Sanghvi Also directs: Sri Lotus Developers and Realty Limited | Director | 16 Feb 2015 | 11 Years 8 Months | As last reported |
| Tapan Ray Also directs: Powerica Limited, GVFL Limited | Director | 11 Jul 2019 | 7 Years 3 Months | As last reported |
Auditor
Gift Sez Limited is audited by ANIL N SHAH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL N SHAH & CO | FY 2021 | 114131W |
Shareholding
The shareholding of Gift Sez Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gift Sez Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2014 | 10518425 | Others | ₹1,299 Cr | Satisfied | |
| 11 May 2012 | 10357446 | Il & Fs Trust Company Limited | ₹393.83 Cr | Satisfied |
To see the full charge records of Gift Sez Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Gift Sez Limited has 2 court cases on record: 2 filed by Gift Sez. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed by the company against individuals | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against individuals | Pending |
To see the full case history of Gift Sez 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
Gift Sez Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 5 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Voice and Data Networking Private Limited |
To see the full MSME payment records of Gift Sez Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gift Sez Limited has a workforce of 20 employees on its EPFO records as of Oct 17, 2024, across 1 active EPFO establishment.
GST
Gift Sez has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCG3814G1ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AADCG3814G1D8 | Gujarat | Active | 09 Aug 2021 |
To see the full GST registrations and return filing status of Gift Sez Limited, buy the company report.
Recent activity
Gift Sez Limited has 20 board changes on record since 2009: 4 appointments and 16 cessations. The latest: Maheswar Sahu ceased to be Director on 01 Aug 2022.
16 earlier events are in the company report.
News
Frequently asked questions
Gift Sez has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Gift Sez was a public limited company based in Gandhinagar, Gujarat, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 September 2008 and is registered under CIN U45200GJ2008PLC054999. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Gift Sez was incorporated on 09 September 2008. It is registered with the Registrar of Companies, Ahmedabad.
Gift Sez had 4 directors:
- Vishwanathan Mavila Nair - Director
- Sudhir Kumar Jain - Director
- Madhukant Girdharlal Sanghvi - Director
- Tapan Ray - Director
The CIN (Corporate Identification Number) of Gift Sez is U45200GJ2008PLC054999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Gift Sez is at Gift House Block – 12 Road 1 – D Zone – I Gift SEZ Gift City, Gandhinagar, Gujarat, India – 382355.
Gift Sez can be reached through the website giftgujarat.in. Its registered office is in Gandhinagar, Gujarat, India.
The latest financial statements of Gift Sez on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 November 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Gift Sez is 24AADCG3814G1ZZ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AADCG3814G1D8 (Gujarat).
Gift Sez operated in the real estate and construction industry, in the real estate builders and developers segment.
Gift Sez has 3 MSME Form 1 returns on record between 2020 and 2021, listing 5 overdue payments to 4 micro and small suppliers. The latest return was filed on 28 Oct 2021.
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