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 132 cases involving the company, including 28 filed by the company and 104 filed against it; 52 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.
Company details
CIN history
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 |
Contact details
Goa State Infrastructure Development Corporation Limited's registered office is in Tiswadi, Goa. Its website is gsidcltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor, Edc House, Tiswadi, Goa, India – 403001
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Goa State Infrastructure Development Corporation 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
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies |
To see the full business activity and turnover split of Goa State Infrastructure Development Corporation Limited, buy the company report.
Financials of Goa State Infrastructure Development Corporation Limited
FY 2024 filings availableGoa State Infrastructure Development Corporation Limited reported revenue of ₹440.82 Cr (up 10% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| 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) | |||||
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| Inventories | |||||
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Financial Ratios
| 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) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Goa State Infrastructure Development Corporation Limited, buy the company report.
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 8 Months | Current |
| Pramod Pandurang Sawant | Nominee Director | 20 Apr 2022 | 4 Years 6 Months | Current |
| Sushanti Sudesh Kavalekar | Director | 09 Feb 2024 | 2 Years 8 Months | Current |
| Kedar Jayaprakash Naik | Nominee Director | 20 Jan 2023 | 3 Years 9 Months | Current |
| Candavelou Vinayagam | Nominee Director | 31 May 2022 | 4 Years 5 Months | Current |
| Rohit Kadam | Managing Director | 02 Jun 2025 | 1 Years 5 Months | Current |
Auditor
Goa State Infrastructure Development Corporation Limited is audited by A. R. SULAKHE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. R. SULAKHE & CO | FY 2023 | 110540W |
Shareholding
The shareholding of Goa State Infrastructure Development Corporation 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 Goa State Infrastructure Development Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2000 | 90383893 | Citi Bank N.A. | ₹13.2 Lakh | Open | |
| 11 Dec 2001 | 90389656 | Bank of India | ₹50 Cr | Satisfied |
To see the full charge records of Goa State Infrastructure Development Corporation Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Goa State Infrastructure Development Corporation Limited has 132 court cases on record: 28 filed by Goa State Infrastructure Development Corporation, 104 filed against it. 52 cases are pending and 80 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 71 | 53 | 23 |
| District courts | 59 | 49 | 29 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Commercial suit | Filed against the company by M/S M Venkata Rao Infra Projects Pvt. Ltd. | Pending |
| Bombay High Court | Writ petition | Filed against the company by Sbi General Insurance Company Ltd THR Its General Manager | Pending |
| District court, North Goa, Goa | Company petition | Filed by the company against Universal Sompo General Insurance Co. Ltd., and 2 others | Pending |
| District court, North Goa, Goa | Company petition | Filed by the company against The New India Assurance Co. Ltd. and 2 others | Pending |
| District court, North Goa, Goa | Company petition | Filed by the company against Tata Aig General Insurance Company Ltd. and 2 others | Pending |
To see the full case history of Goa State Infrastructure Development Corporation 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 Goa State Infrastructure Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Goa State Infrastructure Development Corporation Limited has a workforce of 101 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Goa State Infrastructure Development Corporation Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 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
The latest financial statements of Goa State Infrastructure Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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 132 court cases on record: 28 filed by the company and 104 filed against it. 52 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.
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.
Goa State Infrastructure Development Corporation can be reached through the website gsidcltd.com. Its registered office is in Tiswadi, Goa, India.
The registered office of Goa State Infrastructure Development Corporation is at 7th Floor, Edc House, Tiswadi, Goa, India – 403001.
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