Gujarat Mineral Development Corporation Limited - Company Profile

It is a metals and minerals public limited state government company based in Ahmedabad, Gujarat, India, established in 1963.

1963 Ahmedabad, Gujarat, India Active

Last Updated: January 06, 2026

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About Gujarat Mineral Development Corporation Limited

Gujarat Mineral Development Corporation Limited, a active public limited state government company, was established on 15 May 1963 in Ahmedabad, Gujarat, India. Engaging in mining & mineral extraction within the electricity, gas, steam and air condition supply sector, it holds CIN: L14100GJ1963SGC001206. Registered under ROC Roc Ahmedabad. it is listed on BSE: 532181 and NSE: GMDCLTD. It has an authorized capital of ₹150.00 Cr and a paid-up capital of ₹63.60 Cr.

Formerly known as Gujarat Mineral Development Corporation (Private) Limited. It upholds a compliant status. In 2022, it reported revenue of ₹2,887.59 Cr and a net worth of ₹4,731.14 Cr. Its leadership includes Roopwant Singh (Managing Director), Shailesh Gandhi (Director), Sharvil Pankajbhai Patel (Director). Past directors included Arvind Motilal Agarwal, Prem Gera Kumar, Jose Cheeramattam. It holds ₹1,191.00 Cr open charges and ₹1,116.00 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at Khanij Bhavan Near Gujarat University Ground 132 Ft Ring Road Vastrapur, Ahmedabad, Gujarat, 380052.

Company Details

CIN/LLPIN
L14100GJ1963SGC001206
Registration Number
001206
Incorporation Date
15 May 1963
Authorized Capital
₹150.00 Cr
Paid-Up Capital
₹63.60 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 532181, NSE: GMDCLTD)
Company Status
Active

Key Metrics

Authorised Capital ₹ 150.00 Cr as on 06-01-2026
Paid Up Capital ₹ 63.60 Cr as on 06-01-2026
Company Age 62 Year, 9 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1,191.00 Cr as on 06-01-2026
Satisfied Charges ₹ 1,116.00 Cr as on 06-01-2026
Revenue Growth **** 93.73% (FY 2022)
Profit Growth **** 1098.99% (FY 2022)
Ebitda **** 12370.54% (FY 2022)
Net Worth 18.26% (FY 2022)
Total Assets **** 19.31% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Gujarat Mineral Development Corporation 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 Mineral Development Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Roopwant Singh	Managing Director	14 Jun 2021	Current
Shailesh Gandhi	Director	03 Dec 2015	Current
Sharvil Pankajbhai Patel	Director	17 Jan 2025	Current
Anupma Kartick Iyer	Cfo	11 Mar 2024	Current
Gauri Kumar	Director	07 Jun 2019	Current
Mamta Verma	Director	20 Sep 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	24 Jun 2016	Past
Pramod Abcsdd	Managing Director	18 Feb 2016	Past
Pramod Abcsdd	Managing Director	11 Feb 2008	Past
Pramod Abcsdd	Managing Director	14 Jun 2021	Past
Pramod Abcsdd	Director	16 May 2017	Past
Pramod Abcsdd	Managing Director	01 Sep 2014	Past

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Financial Performance of Gujarat Mineral Development Corporation.

Gujarat Mineral Development Corporation Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 93.73% increase. The company also saw a substantial improvement in profitability, with a 1098.99% increase in profit. The company's net worth Soared by an impressive increase of 18.26%.

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

********

93.73%

*******

Revenue from Operations

*******

113.41%

*******

Total Assets

*******

19.31%

*******

Profit or Loss

*******

1098.99%

*******

Net Worth

*******

18.26%

*******

EBITDA

*******

12370.54%

*******

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What is the Ownership and Shareholding Structure of Gujarat Mineral Development Corporation?

In 2023, Gujarat Mineral Development Corporation had a promoter holding of 74.00% and a public holding of 26.00%. The company had 3 Joint Ventures and 3 Associate Companies. 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

₹11,910,000,000.00

Satisfied Charges

₹11,160,000,000.00

Charges Breakdown by Lending Institutions

Power Finance Corporation Of India : 1116.00 Cr
Bank Of India : 30.00 Cr
Union Bank Of India : 25.00 Cr
The Karur Vysya Bank Ltd. : 10.00 Cr
Abu Dhabi Commercial Bank Ltd. : 10.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
06 Feb 2003	Power Finance Corporation Of India	₹1,116.00 Cr	Open
31 Jul 2002	Abu Dhabi Commercial Bank Ltd.	₹10.00 Cr	Open
31 May 2002	Union Bank Of India	₹25.00 Cr	Open
23 May 2002	Bank Of India	₹30.00 Cr	Open
22 Mar 2002	The Karur Vysya Bank Ltd.	₹10.00 Cr	Open

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How Many Employees Work at Gujarat Mineral Development Corporation?

Unlock and access historical data on people associated with Gujarat Mineral Development Corporation, 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 Mineral Development Corporation, 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 Mineral Development Corporation's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

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 Mineral Development Corporation

Recent Activity within the Organization

Annual General Meeting

Gujarat Mineral Development Corporation Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was recorded as a recent event.
25 Sep 2025
Balance Sheet

The activity Gujarat Mineral Development Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Director Appointment

Rajinder Khanna was appointed as a Director was appointed as a Director on 10 Feb 2025 & has been associated with this company since 1 year 17 days . was recorded as a recent event.
10 Feb 2025
Director Appointment

Progress on Sharvil Pankajbhai Patel was appointed as a Director was appointed as a Director on 17 Jan 2025 & has been associated with this company since 1 year 1 month . was documented.
17 Jan 2025
Director Appointment

The activity Mamta Verma was appointed as a Director was appointed as a Director on 20 Sep 2024 & has been associated with this company since 1 year 5 months . was completed.
20 Sep 2024
Director Appointment

The activity Anupma Kartick Iyer was appointed as a Cfo was appointed as a Cfo on 26 Mar 2024 & has been associated with this company since 1 year 11 months . was completed.
26 Mar 2024

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