Gujarat Metro Rail Corporation (Gmrc) Limited - Company Profile

It is a transport and logistics public limited state government company based in Gandhinagar, Gujarat, India, established in 2010.

2010 Gandhinagar, Gujarat, India Active

Last Updated: January 11, 2026

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About Gujarat Metro Rail Corporation (Gmrc) Limited

Gujarat Metro Rail Corporation (Gmrc) Limited, a active public limited state government company, was established on 04 February 2010 in Gandhinagar, Gujarat, India. Engaging in passenger transport within the transport and storage sector, it holds CIN: U60200GJ2010SGC059407. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹8,000.00 Cr and a paid-up capital of ₹6,522.80 Cr.

Formerly known as Metro-Link Express For Gandhinagar And Ahmedabad (Mega) Company Limited. It upholds a compliant status. Its leadership includes Satyanarayan Shivsinhji Rathore (Managing Director), Sanjeet (Nominee Director), Malaiyappan Thennarasan (Nominee Director). Past directors included Durga Shanker Mishra, Anurag Jain, Vijay Nehra. It holds no open charges and ₹1,350.00 Cr settled loans. Its latest AGM occurred on 21 December 2024, with the balance sheet filed on 31 March 2024. It is based at Block No. 1, First Floor, Karmayogi Bhavan, Sector 10/A, Gandhinagar, Gujarat, 382010.

Company Details

CIN/LLPIN
U60200GJ2010SGC059407
Registration Number
059407
Incorporation Date
04 February 2010
Authorized Capital
₹8,000.00 Cr
Paid-Up Capital
₹6,522.80 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 8,000.00 Cr as on 11-01-2026
Paid Up Capital ₹ 6,522.80 Cr as on 11-01-2026
Company Age 16 Year, 25 Days
Last Filing with ROC 31 Mar 2024
Satisfied Charges ₹ 1,350.00 Cr as on 11-01-2026
Revenue Growth **** 53.68% (FY 2023)
Profit Growth **** -589.48% (FY 2023)
Ebitda **** -116.34% (FY 2023)
Net Worth 9.99% (FY 2023)
Total Assets **** 35.71% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Gujarat Metro Rail Corporation (Gmrc) Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Gujarat Metro Rail Corporation (Gmrc) Limited?

Current Directors

Name	Designation	Appointment Date	Status
Satyanarayan Shivsinhji Rathore	Managing Director	05 Jul 2016	Current
Sanjeet	Nominee Director	12 Jan 2023	Current
Malaiyappan Thennarasan	Nominee Director	10 Aug 2025	Current
Anand Singh Bisht	Whole-Time Director	05 Apr 2023	Current
Jaideep	Nominee Director	26 Dec 2019	Current
Thiruman Archunan	Nominee Director	26 Aug 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	29 Dec 2021	Past
Pramod Abcsdd	Nominee Director	16 Aug 2024	Past
Pramod Abcsdd	Director	24 Mar 2014	Past
Pramod Abcsdd	Nominee Director	06 Dec 2019	Past
Pramod Abcsdd	Nominee Director	01 Aug 2019	Past
Pramod Abcsdd	Director	25 Mar 2015	Past

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Financial Performance of Gujarat Metro Rail Corporation (Gmrc).

Gujarat Metro Rail Corporation (Gmrc) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 53.68% increase. The company also saw a substantial fall in profitability, with a 589.48% decrease in profit. The company's net worth moved up by a moderate rise of 9.99%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

53.68%

*******

Revenue from Operations

*******

5272.28%

*******

Total Assets

*******

35.71%

*******

Profit or Loss

*******

-589.48%

*******

Net Worth

*******

9.99%

*******

EBITDA

*******

-116.34%

*******

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What is the Ownership and Shareholding Structure of Gujarat Metro Rail Corporation (Gmrc)?

In 2023, Gujarat Metro Rail Corporation (Gmrc) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹13,500,000,000.00

Charges Breakdown by Lending Institutions

Punjab National Bank : 1000.00 Cr
Vijaya Bank : 250.00 Cr
United Bank Of India : 100.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
29 Jun 2013	Punjab National Bank	₹1,000.00 Cr	Satisfied
28 Jun 2013	United Bank Of India	₹100.00 Cr	Satisfied
28 Mar 2013	Vijaya Bank	₹250.00 Cr	Satisfied

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How Many Employees Work at Gujarat Metro Rail Corporation (Gmrc)?

Unlock and access historical data on people associated with Gujarat Metro Rail Corporation (Gmrc), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Gujarat Metro Rail Corporation (Gmrc), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gujarat Metro Rail Corporation (Gmrc)'s trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Gujarat Metro Rail Corporation (Gmrc)

Recent Activity within the Organization

Director Appointment

Progress on Dinesh Kapila was appointed as a Nominee Director was appointed as a Nominee Director on 12 Nov 2025 & has been associated with this company since 3 months 19 days . was documented.
12 Nov 2025
Director Appointment

Sanjivkumar Kantilal Panchal was appointed as a Cfo was appointed as a Cfo on 04 Sep 2025 & has been associated with this company since 5 months 27 days . was recorded as a recent event.
04 Sep 2025
Director Appointment

Progress on Malaiyappan Thennarasan was appointed as a Nominee Director was appointed as a Nominee Director on 10 Aug 2025 & has been associated with this company since 6 months 22 days . was documented.
10 Aug 2025
Annual General Meeting

The activity Gujarat Metro Rail Corporation (Gmrc) Limited last Annual general meeting of members was held on 21 Dec 2024 as per latest MCA records. was completed.
21 Dec 2024
Director Appointment

Progress on Sanjay Omprakash Gupta was appointed as a Whole-time director was appointed as a Whole-time director on 21 Dec 2024 & has been associated with this company since 1 year 2 months . was documented.
21 Dec 2024
Director Appointment

Progress on Thiruvenkadam Natarajan was appointed as a Nominee Director was appointed as a Nominee Director on 19 Sep 2024 & has been associated with this company since 1 year 5 months . was documented.
19 Sep 2024

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