About GSPL India Transco Limited
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GSPL India Transco Limited is a public limited state government company based in Gandhinagar, Gujarat, India, a subsidiary of Gujarat State Petronet Limited. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 13 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40200GJ2011SGC067450. Its GSTIN is 24AAECG4434B1Z6 (Gujarat). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹2,200 Cr and a paid-up capital of ₹607 Cr. It is led by directors including Manoj Kumar Sharma and Biju Gopinath.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gspc Bhavan B/H Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382011.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.91 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹7.93 Cr (net margin -6.7%) and EBITDA of ₹90.36 Cr (EBITDA margin 76%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 51% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹705.49 Cr on record. Court records list 18 cases involving the company, including 5 filed by the company and 13 filed against it; 4 cases are pending. The company has 6 deals on record (4 rights issues, 2 funding rounds), with disclosed funding of ₹139.95 Cr; the latest was in March 2021.
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
GSPL India Transco 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 AddressGspc Bhavan B/H Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382011
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of GSPL India Transco 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
Business activity
The main business activity of GSPL India Transco is transport and storage. In detail, this covers land transport via railways & pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H2 | Land transport via Railways & Pipelines |
To see the full business activity and turnover split of GSPL India Transco Limited, buy the company report.
Financials of GSPL India Transco Limited
FY 2025 filings availableGSPL India Transco Limited reported revenue of ₹118.91 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 7% growth in the latest year. EBITDA fell 1% 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 | ₹90.36 Cr | ||||
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| Net Profit (PAT) | -₹7.93 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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| Profitability | |||||
| EBITDA Margin | 76% | ||||
| Net Profit Margin | -6.7% | ||||
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To see the full financial statements and ratios of GSPL India Transco Limited, buy the company report.
Board of directors of GSPL India Transco Limited
GSPL India Transco has 11 current directors and 54 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Harishchandra Joshi | Additional Director | 07 Feb 2025 | 1 Years 8 Months | Current |
| Manoj Kumar Sharma Also directs: Gail (India) Limited | Director | 04 Aug 2020 | 6 Years 2 Months | Current |
| Biju Gopinath Also directs: GSPL India Gasnet Limited | Director | 13 May 2024 | 2 Years 5 Months | Current |
| Prakash Dinkar Karnik | Director | 02 Jun 2021 | 5 Years 5 Months | Current |
| Papia Sengupta Also directs: GSPL India Gasnet Limited, Andhra Paper Limited, The Investment Trust of India Limited and 3 more | Director | 16 Apr 2024 | 2 Years 6 Months | Current |
| Sandeep Jain Also directs: Summit Integrated Energy Trading Private Limited | Director | 20 Mar 2024 | 2 Years 7 Months | Current |
Auditor
GSPL India Transco Limited is audited by R. BHANDARI & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. BHANDARI & CO. | FY 2024 | 005937C |
Shareholding
The shareholding of GSPL India Transco 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 GSPL India Transco Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2018 | 100197005 | Sbicap Trustee Company Limited | ₹705.49 Cr | Open |
To see the full charge records of GSPL India Transco Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
GSPL India Transco Limited has 6 deals on record (4 rights issues, 2 funding rounds), with disclosed funding of ₹139.95 Cr; the latest was in March 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹65 Cr | Investors: Gujarat State Petronet Limited , Indian Oil Corporation Limited , Hindustan Petroleum Corporation Limited |
| Jul 2019 | Rights issue | ₹161 Cr | Investors: Gujarat State Petronet Limited , Indian Oil Corporation Limited , Bharat Petroleum Corporation Limited |
| Jul 2017 | Rights issue | ₹176 Cr | Investors: Gujarat State Petronet Limited , Indian Oil Corporation Limited , Bharat Petroleum Corporation Limited |
| Sep 2015 | Rights issue | ₹65 Cr | Investors: Gujarat State Petronet Limited , Indian Oil Corporation Limited , Bharat Petroleum Corporation Limited |
| Sep 2013 | Funding round | ₹70 Cr | Investors: Gujarat State Petronet Limited , Indian Oil Corporation Limited , Bharat Petroleum Corporation Limited |
To see the full deal history of GSPL India Transco 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
GSPL India Transco Limited has 18 court cases on record: 5 filed by GSPL India Transco, 13 filed against it. 4 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 11 | 4 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARAP) | Filed against the company by Ace Energy Infrastructure Pvt Ltd | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Commissioner of Central Excise | Pending |
| High Court of Gujarat | Arbitration matter | Filed against the company by Kalptaru Projects International Ltd. | Disposed |
To see the full case history of GSPL India Transco 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
GSPL India Transco Limited was last rated by Care on 06 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Oct 2021 |
To see the full credit ratings and regulatory alerts of GSPL India Transco Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for GSPL India Transco Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
GSPL India Transco Limited has a workforce of 31 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
GST
GSPL India Transco has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECG4434B1Z6 | Gujarat | Active | 01 Jul 2017 |
| 24AAECG4434B1DF | Gujarat | Active | 01 Oct 2018 |
| 24AAECG4434B3Z4 | Gujarat | Active | 21 Mar 2025 |
| 23AAECG4434B1Z8 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GSPL India Transco Limited, buy the company report.
Recent activity
GSPL India Transco Limited has 63 board changes on record since 2012: 11 appointments and 52 cessations. The latest: Manoj Kumar Das was appointed as Additional Director on 03 Nov 2025.
56 earlier events are in the company report.
News
Frequently asked questions
GSPL India Transco is an active public limited state government company based in Gandhinagar, Gujarat, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 13 October 2011 (15+ years old) and is registered under CIN U40200GJ2011SGC067450.
GSPL India Transco has 11 current directors:
- Pankaj Harishchandra Joshi - Additional Director
- Manoj Kumar Sharma - Director
- Biju Gopinath - Director
- Prakash Dinkar Karnik - Director
- Papia Sengupta - Director
- Sandeep Jain - Director
- Shailesh Tiwari - Director
- Manoj Kumar Das - Additional Director
- Raj Kumar - Director
- Arvind Shastry - Director
- Ajay Garg - Director
The latest financial statements of GSPL India Transco on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of GSPL India Transco is 24AAECG4434B1Z6, registered in Gujarat. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAECG4434B1DF (Gujarat), 24AAECG4434B3Z4 (Gujarat), 23AAECG4434B1Z8 (Madhya Pradesh).
The CIN (Corporate Identification Number) of GSPL India Transco is U40200GJ2011SGC067450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GSPL India Transco has 18 court cases on record: 5 filed by the company and 13 filed against it. 4 are pending. Most are in the high courts.
GSPL India Transco was incorporated on 13 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
GSPL India Transco has 6 deals on record (4 rights issues, 2 funding rounds), with disclosed funding of ₹139.95 Cr; the latest was in March 2021.
Manoj Kumar Das was appointed as Additional Director on 03 Nov 2025. Ajay Garg ceased to be Additional Director on 22 Sep 2025. Arvind Shastry ceased to be Additional Director on 22 Sep 2025. GSPL India Transco has 63 board changes on record in total.
GSPL India Transco can be reached through the website gspcgroup.com. Its registered office is in Gandhinagar, Gujarat, India.
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