About GSPC LNG Limited
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GSPC LNG Limited is a public limited state government company based in Gandhinagar, Gujarat, India. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 27 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U23203GJ2007SGC050115. Its GSTIN is 24AACCG9789P2ZM (Gujarat). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,714.67 Cr. It is led by directors including Mamata Biswal and Sukhmal Kumar Jain.
Its last annual general meeting (AGM) was held on 19 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 103 1st Floor IT Tower – 2 Infocity Near Indroda Circle, Gandhinagar, Gujarat, India – 382009.
As per the financials filed for FY 2025, the company reported a revenue of ₹368.93 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net loss of ₹151.45 Cr (net margin -41.1%) and EBITDA of ₹211.98 Cr (EBITDA margin 57.5%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 46% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: GSPC Group and GSPC. As per MCA filings, the company has open charges of ₹3,528.7 Cr and satisfied charges of ₹3,593.7 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹1,270.08 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gspcgroup.com.
Company details
Contact details
GSPC LNG Limited's registered office is in Gandhinagar, Gujarat. Its website is gspcgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 103 1st Floor IT Tower – 2 Infocity Near Indroda Circle, Gandhinagar, Gujarat, India – 382009
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of GSPC LNG 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
GSPC LNG operates two associated brands: GSPC Group and GSPC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Oilfield service company | gujpetronet.com | |
| Hydrocarbon exploration and natural gas operations are conducted in India. | gspcgroup.com |
Business activity
The main business activity of GSPC LNG is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of GSPC LNG Limited, buy the company report.
Financials of GSPC LNG Limited
FY 2025 filings availableGSPC LNG Limited reported revenue of ₹368.93 Cr (up 54% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 54% growth in the latest year. EBITDA rose 41% 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 | ₹211.98 Cr | ||||
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| Net Profit (PAT) | -₹151.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 57.5% | ||||
| Net Profit Margin | -41.1% | ||||
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To see the full financial statements and ratios of GSPC LNG Limited, buy the company report.
Board of directors of GSPC LNG Limited
GSPC LNG has 7 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malay Ramesh Mahadevia Also directs: North Star B2b Marketing LLP, North Star Corpcon LLP, North Star Learning and Development LLP and 5 more | Nominee Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Mamata Biswal | Director | 30 Aug 2017 | 9 Years 2 Months | Current |
| Sukhmal Kumar Jain | Director | 01 May 2026 | 0 Years 6 Months | Current |
| Manoj Kumar Das Also directs: Gujarat Narmada Valley Fertilizers & Chemicals Limited, Gujarat State Petronet Limited, Gujarat Energy Limited and 5 more | Director | 13 May 2025 | 1 Years 5 Months | Current |
| Sandeep Rajendraprasad Kumar Also directs: Gujarat State Petronet Limited, Gujarat Mineral Development Corporation Limited, Gujarat State Investment Limited and 1 more | Director | 22 Jan 2026 | 0 Years 9 Months | Current |
| Avantikasing Aulakh Also directs: Gujarat State Petronet Limited, Gujarat Energy Limited, GSPL India Gasnet Limited and 5 more | Additional Director | 24 Dec 2025 | 0 Years 10 Months | Current |
Auditor
GSPC LNG Limited is audited by R R S & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R S & ASSOCIATES | FY 2024 | 118336W |
Shareholding
The shareholding of GSPC LNG 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 GSPC LNG Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2016 | 100056053 | Others | ₹3,528.7 Cr | Satisfied | |
| 09 Mar 2015 | 10559419 | Yes Bank Limited | ₹65 Cr | Satisfied |
To see the full charge records of GSPC LNG Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
GSPC LNG Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹1,270.08 Cr; the latest was in March 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹300 Cr | Investors: Government of Gujarat, Gujarat Gas Limited , Gujarat Maritime Board |
| Jan 2020 | Funding round | ₹137.5 Cr | Investors: Government of Gujarat |
| Oct 2018 | Funding round | ₹678 Cr | Investors: Gujarat Maritime Board, Government of Gujarat |
| Feb 2014 | Funding round | ₹88.23 Cr | Investors: Government of Gujarat, Adani Enterprises Limited , Gujarat State Petronet Limited |
| Sep 2012 | Funding round | ₹66.35 Cr | Investors: Government of Gujarat, Adani Enterprises Limited , Gujarat Industries Power Company Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GSPC LNG Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARBP) | Filed against the company by Rashtriya Chemicals and Fertilizers Limited RCF Abhiraj Rao | Disposed |
| High Court | Court case (CARBP) | Filed against the company by Adani Ports Special Economic Zone Limited | Disposed |
To see the full case history of GSPC LNG 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
GSPC LNG Limited was last rated by Brickwork on 08 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 08 Nov 2021 |
To see the full credit ratings and regulatory alerts of GSPC LNG Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for GSPC LNG Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
GSPC LNG Limited has a workforce of 100 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
GST
GSPC LNG has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCG9789P2ZM | Gujarat | Active | 29 Jun 2017 |
| 24AAACG5596J1ZC | Gujarat | Active | 01 Jul 2017 |
| 24AACCG9789P1ZN | Gujarat | Active | 01 Jul 2017 |
| 24AAACG5596J1DL | Gujarat | Active | 01 Oct 2018 |
To see the full GST registrations and return filing status of GSPC LNG Limited, buy the company report.
Recent activity
GSPC LNG Limited has 31 board changes on record since 2010: 7 appointments and 24 cessations. The latest: Sukhmal Kumar Jain was appointed as Director on 01 May 2026.
27 earlier events are in the company report.
News
Frequently asked questions
GSPC LNG is an active public limited state government company based in Gandhinagar, Gujarat, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 27 February 2007 (19+ years old) and is registered under CIN U23203GJ2007SGC050115.
GSPC LNG has 7 current directors:
- Malay Ramesh Mahadevia - Nominee Director
- Mamata Biswal - Director
- Sukhmal Kumar Jain - Director
- Manoj Kumar Das - Director
- Sandeep Rajendraprasad Kumar - Director
- Avantikasing Aulakh - Additional Director
- Ajaykumar Dharampal - Director
The latest financial statements of GSPC LNG on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of GSPC LNG is 24AACCG9789P2ZM, registered in Gujarat. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACG5596J1ZC (Gujarat), 24AACCG9789P1ZN (Gujarat), 24AAACG5596J1DL (Gujarat).
The CIN (Corporate Identification Number) of GSPC LNG is U23203GJ2007SGC050115. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GSPC LNG has 2 court cases on record: 2 filed against it.
GSPC LNG was incorporated on 27 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
GSPC LNG has 5 deals on record (5 funding rounds), with disclosed funding of ₹1,270.08 Cr; the latest was in March 2023.
Sukhmal Kumar Jain was appointed as Director on 01 May 2026. Ajaykumar Dharampal was appointed as Director on 30 Apr 2026. Sandeep Rajendraprasad Kumar was appointed as Director on 22 Jan 2026. GSPC LNG has 31 board changes on record in total.
GSPC LNG can be reached through the website gspcgroup.com. Its registered office is in Gandhinagar, Gujarat, India.
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