About Goa State Infrastructure Development Corporation Limited
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Goa State Infrastructure Development Corporation Limited is a public limited state government company based in Tiswadi, Goa, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 20 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U75112GA2001SGC002954. Its GSTIN is 30AACCG0256F2ZA (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.72 Cr. It is led by directors including Rohit Kadam (Managing Director) and Dattaram Dinanath Chimulkar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Tiswadi, Goa.
As per the financials filed for FY 2023, the company reported a revenue of ₹440.82 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.86 Cr (net margin 0.4%) and EBITDA of ₹36.26 Cr (EBITDA margin 8.2%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 8% over five years.
The company has about 101 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GSIDC. As per MCA filings, the company has open charges of ₹13.2 Lakh and satisfied charges of ₹50 Cr on record. Court records list 121 cases involving the company, including 28 filed by the company and 66 filed against it; 43 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gsidcltd.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address7th Floor, Edc House, Tiswadi, Goa, India – 403001
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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
- One PDF report, delivered after checkout
Business Activity of Goa State Infrastructure Development Corporation Limited
The main business activity of Goa State Infrastructure Development Corporation is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Goa State Infrastructure Development Corporation Limited FY 2024 filings available
Goa State Infrastructure Development Corporation Limited reported revenue of ₹440.82 Cr (up 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Goa State Infrastructure Development Corporation Limited
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA fell 25% 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 of Goa State Infrastructure Development Corporation Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹440.82 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.86 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 of Goa State Infrastructure Development Corporation Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Goa State Infrastructure Development Corporation are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goa State Infrastructure Development Corporation Limited this company | •••• | •••• | •••• | •••• | - | Tiswadi, Goa, India |
| Adani Renewable Energy Sixty Four Limited | •••• | •••• | •••• | •••• | - | Daskroi, Gujarat, India |
| Bac Infratech Private Limited | •••• | •••• | •••• | •••• | 58 | Hyderabad, Telangana, India |
| Incor Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Bechtel Engineering and Construction India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| KRC Infrastructure and Projects Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| MGN Agro Properties Private Limited | •••• | •••• | •••• | •••• | - | Gujarat, India |
| Solapur-City Development Corporation Limited | •••• | •••• | •••• | •••• | - | Solapur, Maharashtra, India |
| Divyasree NSL Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Estancia IT Park Private Limited | •••• | •••• | •••• | •••• | 55 | Chengalpet Taluk, Tamil Nadu, India |
| Il&Fs Engineering and Construction Company Limited Listed | •••• | •••• | •••• | •••• | 229 | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Goa State Infrastructure Development Corporation by revenue in the Infrastructure industry (Infrastructure Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation Limited is audited by A. R. SULAKHE & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A. R. SULAKHE & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation has 6 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dattaram Dinanath Chimulkar | Director | 09 Feb 2024 | 2 Years 7 Months | Current |
| Pramod Pandurang Sawant | Nominee Director | 20 Apr 2022 | 4 Years 5 Months | Current |
| Sushanti Sudesh Kavalekar | Director | 09 Feb 2024 | 2 Years 7 Months | Current |
| Kedar Jayaprakash Naik | Nominee Director | 20 Jan 2023 | 3 Years 8 Months | Current |
| Candavelou Vinayagam | Nominee Director | 31 May 2022 | 4 Years 4 Months | Current |
| Rohit Kadam | Managing Director | 02 Jun 2025 | 1 Years 4 Months | Current |
Ownership and Shareholding of Goa State Infrastructure Development Corporation Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Goa State Infrastructure Development Corporation Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Nov 2000 | Citi Bank N.A. | ₹13.2 Lakh | Open |
| 11 Dec 2001 | Bank of India | ₹50 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation Limited has 121 court cases on record: 28 filed by Goa State Infrastructure Development Corporation, 66 filed against it, 27 where it is another party. 43 cases are pending and 78 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 64 | 28 | 16 |
| District courts | 57 | 38 | 27 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Sbi General Insurance Company Limited | Pending |
| District court, North Goa, Goa | Commercial suit | Filed against the company by M.Venkata Rao Infra Projects Private Limited (Part IX ) | Pending |
| District court, North Goa, Goa | Commercial suit | Filed against the company by Premier Builders Goa Private Limited | Pending |
| District court, North Goa, Goa | Commercial suit | Filed against the company by Supreme Infrastructure India Limited | Pending |
| District court, North Goa, Goa | Court case (SCS) | Filed against the company by Projects Pvt Ltd | Pending |
Full case history
All 121 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation operates one associated brand: GSIDC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development encompassing bridges, roads, hospitals, and public amenities in Goa. | gsidcltd.com |
Employees and EPFO Compliance at Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation Limited has a workforce of 101 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation has one previous CIN (Corporate Identification Number): U75112GA2001PLC002954. The current CIN is U75112GA2001SGC002954, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U75112GA2001SGC002954 | Current |
| U75112GA2001PLC002954 | Previous |
Recent Activity on Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation Limited has 40 board changes on record since 2008: 7 appointments and 33 cessations. The latest: Harish Namdeo Adconkar ceased to be Managing Director on 02 Jun 2025.
34 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Goa State Infrastructure Development Corporation Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Goa State Infrastructure Development Corporation Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Goa State Infrastructure Development Corporation Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AACCG0256F2ZA | Goa | Active | 21 Sep 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Goa State Infrastructure Development Corporation Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Goa State Infrastructure Development Corporation Limited
Goa State Infrastructure Development Corporation is an active public limited state government company based in Tiswadi, Goa, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 20 February 2001 (25+ years old) and is registered under CIN U75112GA2001SGC002954.
Goa State Infrastructure Development Corporation reported revenue of ₹440.82 Cr for FY 2023 (up 10% YoY).
Goa State Infrastructure Development Corporation has 6 current directors:
- Rohit Kadam - Managing Director
- Dattaram Dinanath Chimulkar - Director
- Pramod Pandurang Sawant - Nominee Director
- Sushanti Sudesh Kavalekar - Director
- Kedar Jayaprakash Naik - Nominee Director
- Candavelou Vinayagam - Nominee Director
Goa State Infrastructure Development Corporation reported a net profit of ₹1.86 Cr (net margin 0.4%) and EBITDA of ₹36.26 Cr (EBITDA margin 8.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Goa State Infrastructure Development Corporation is -9% over three years and -8% over five years. In the latest year (FY 2023) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Goa State Infrastructure Development Corporation is 30AACCG0256F2ZA, registered in Goa. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Goa State Infrastructure Development Corporation is U75112GA2001SGC002954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goa State Infrastructure Development Corporation has 121 court cases on record: 28 filed by the company and 66 filed against it. 43 are pending. Most are in the high courts.
Goa State Infrastructure Development Corporation was incorporated on 20 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Goa State Infrastructure Development Corporation by revenue are Adani Renewable Energy Sixty Four Limited, Bac Infratech Private Limited, Incor Infrastructure Private Limited, Bechtel Engineering and Construction India Private Limited, KRC Infrastructure and Projects Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Harish Namdeo Adconkar ceased to be Managing Director on 02 Jun 2025. Nikhil Umakant Desai ceased to be Director on 02 Jun 2025. Rohit Kadam was appointed as Managing Director on 02 Jun 2025. Goa State Infrastructure Development Corporation has 40 board changes on record in total.