About Gujarat State Petronet Limited
Data last updated: 13 July 2026
Gujarat State Petronet Limited is a public limited state government company based in Gandhinagar, Gujarat, India, a subsidiary of Gujarat State Petroleum Corporation Limited. It specialises in wind energy solutions, a part of the broader environmental services sector. Incorporated on 23 December 1998, the company has been in operation for over 28 years.
Registered with ROC Ahmedabad under CIN L40200GJ1998SGC035188. Listed on BSE: 532702 and NSE: GSPL.
Capital: an authorised share capital of ₹700 Cr and a paid-up capital of ₹564.21 Cr. It is led by directors including Avantikasing Aulakh and Jayant Misra.
Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: Gspc Bhavan Behind Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382011.
As per NSE-filed consolidated financials for FY 2024, the company reported a revenue of ₹17,898 Cr, a decline of 4.1% compared to the previous year. The net worth stands at ₹14,383 Cr (up 13.35% YoY). Total assets are valued at ₹19,056 Cr (up 10.05% YoY).
The company has a workforce of approximately 255 employees as per the latest available data. It operates as a subsidiary of Gujarat State Petroleum Corporation Limited. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹2,821.02 Cr on record.
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.
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EmailLocked
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Registered AddressGspc Bhavan Behind Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382011
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IndustryEnvironment, Wind Energy Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Gujarat State Petronet Limited
Gujarat State Petronet Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40200GJ1998SGC035188, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40200GJ1998SGC035188 | Current |
| L40200GJ1998GOI035188 | Previous |
| U40200GJ1998GOI035188 | Previous |
Business Activity of Gujarat State Petronet Limited
Gujarat State Petronet Limited is engaged in principal business activities including transport and storage and electricity, gas, steam and air condition supply, with detailed activities including land transport via railways & pipelines, electric power generation, transmission and distribution, manufacture of gas, distribution of gaseous fuels. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H2 | Land transport via Railways & Pipelines | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels | Locked |
Business activity turnover details for Gujarat State Petronet Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Gujarat State Petronet Limited
Gujarat State Petronet Limited is audited by B P BANG & CO for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B P BANG & CO | Locked | Locked | Locked |
Complete auditor history for Gujarat State Petronet Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Gujarat State Petronet Limited
Gujarat State Petronet Limited is currently managed by 6 directors, with 50 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avantikasing Aulakh | Managing Director | 24 Dec 2025 | 0 Years 7 Months | Current |
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Jayant Misra
Also directs:
Jaiprakash Power Ventures Limited
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Additional Director | 22 Oct 2025 | 0 Years 9 Months | Current |
| Manoj Das | Managing Director | 12 Aug 2025 | 1 Years 0 Months | Current |
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Rishikesha Thiruvenkata Krishnan
Also directs:
Wheels India Limited, Tonbo Imaging India Limited, Forum For Indian Accounting Research and 3 more
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Director | 21 Sep 2024 | 1 Years 10 Months | Current |
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Vanaja Narayanan Sarna
Also directs:
Gujarat State Petroleum Corporation Limited, Borosil Renewables Limited, Subros Limited and 1 more
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Director | 24 Jun 2024 | 2 Years 1 Months | Current |
|
Sandeep Rajendraprasad Kumar
Also directs:
Gspc Lng Limited, Gujarat Mineral Development Corporation Limited, Gujarat State Investment Limited and 1 more
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Additional Director | 28 Jan 2026 | 0 Years 6 Months | Current |
Financials of Gujarat State Petronet Limited FY 2024 filings available
Gujarat State Petronet Limited reported revenue of ₹17,898 Cr (down 4.1% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹17,898 Cr | ₹18,663 Cr | ₹18,322 Cr | ₹11,726 Cr | ₹12,470 Cr |
| Other Income | ₹186.48 Cr | ₹133 Cr | ₹105.58 Cr | ₹91.12 Cr | ₹107.65 Cr |
| Total Income | ₹18,084 Cr | ₹18,796 Cr | ₹18,428 Cr | ₹11,817 Cr | ₹12,578 Cr |
| Cost of Materials Consumed | ₹12,145 Cr | ₹12,887 Cr | ₹12,959 Cr | ₹6,587.2 Cr | ₹7,459.05 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹25.22 Lakh | -₹2.76 Cr | -₹7.24 Cr | -₹1.38 Cr | ₹8.05 Lakh |
| Employee Benefit Expense | ₹279.14 Cr | ₹267.8 Cr | ₹256.21 Cr | ₹236.66 Cr | ₹237.27 Cr |
| Finance Costs | ₹32.08 Cr | ₹70.11 Cr | ₹111.78 Cr | ₹226.58 Cr | ₹369.02 Cr |
| Depreciation & Amortisation | ₹663.82 Cr | ₹620.52 Cr | ₹579.46 Cr | ₹541.78 Cr | ₹518.01 Cr |
| Other Expenses | ₹2,090.4 Cr | ₹1,831.73 Cr | ₹1,614.28 Cr | ₹1,329.19 Cr | ₹1,551.02 Cr |
| Total Expenses | ₹15,211 Cr | ₹15,674 Cr | ₹15,513 Cr | ₹8,920.03 Cr | ₹10,134 Cr |
| Profit Before Exceptional Items & Tax | ₹2,873.58 Cr | ₹3,122.02 Cr | ₹2,914.44 Cr | ₹2,897.1 Cr | ₹2,443.66 Cr |
| Exceptional Items | ₹55.69 Cr | ₹0 | -₹11.9 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹2,929.26 Cr | ₹3,122.02 Cr | ₹2,902.54 Cr | ₹2,897.1 Cr | ₹2,443.66 Cr |
| Total Tax Expense | ₹751 Cr | ₹782.79 Cr | ₹725.58 Cr | ₹743.18 Cr | ₹158.91 Cr |
| Net Profit | ₹2,183.73 Cr | ₹2,342.01 Cr | ₹2,231.01 Cr | ₹2,192.41 Cr | ₹2,278.64 Cr |
| attributable to Owners | ₹1,659.53 Cr | ₹1,641.5 Cr | ₹1,638.29 Cr | ₹1,606.77 Cr | ₹1,729.17 Cr |
| attributable to NCI | ₹524.21 Cr | ₹700.51 Cr | ₹592.72 Cr | ₹585.64 Cr | ₹549.46 Cr |
| Other Comprehensive Income | ₹2.49 Cr | ₹5.9 Cr | ₹3.75 Cr | ₹12.91 Cr | -₹6.69 Cr |
| Total Comprehensive Income | ₹2,186.22 Cr | ₹2,347.91 Cr | ₹2,234.76 Cr | ₹2,205.32 Cr | ₹2,271.94 Cr |
| EBITDA (computed) | ₹3,569.48 Cr | ₹3,812.64 Cr | ₹3,605.68 Cr | ₹3,665.46 Cr | ₹3,330.69 Cr |
| Basic EPS | ₹29.41 | ₹29.09 | ₹29.04 | ₹28.48 | ₹30.66 |
| Diluted EPS | ₹29.41 | ₹29.09 | ₹29.04 | ₹28.48 | ₹30.65 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹19,056 Cr | ₹17,316 Cr |
| Non-current Assets | ₹15,045 Cr | ₹14,180 Cr |
| Current Assets | ₹4,010.8 Cr | ₹3,135.63 Cr |
| Property, Plant & Equipment | ₹10,092 Cr | ₹9,859.18 Cr |
| Inventories | ₹269.49 Cr | ₹273.27 Cr |
| Trade Receivables | ₹1,148.11 Cr | ₹1,141.38 Cr |
| Cash & Equivalents | ₹924.23 Cr | ₹810.37 Cr |
| Equity (Net Worth) | ₹14,383 Cr | ₹12,688 Cr |
| Equity Share Capital | ₹564.21 Cr | ₹564.21 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 |
| Current Liabilities | ₹3,025.14 Cr | ₹3,018.06 Cr |
| Total Liabilities | ₹4,673.2 Cr | ₹4,627.56 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹2,803.4 Cr | ₹3,340.03 Cr | ₹2,745.54 Cr |
| Investing Cash Flow | -₹2,142.2 Cr | -₹1,815.49 Cr | -₹1,356.94 Cr |
| Financing Cash Flow | -₹547.33 Cr | -₹804.59 Cr | -₹1,659.32 Cr |
| Capital Expenditure | ₹1,253.49 Cr | ₹1,278.02 Cr | ₹1,289.23 Cr |
| Free Cash Flow (computed) | ₹1,549.91 Cr | ₹2,062.01 Cr | ₹1,456.3 Cr |
| Dividends Paid | ₹491.63 Cr | ₹176.12 Cr | ₹175.73 Cr |
| Net Change in Cash | ₹113.87 Cr | ₹719.95 Cr | -₹270.72 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹2,031.54 Cr | ₹1,761.8 Cr | ₹2,020.02 Cr | ₹2,079.42 Cr | ₹2,369.27 Cr |
| Other Income | ₹335.05 Cr | ₹168.41 Cr | ₹104.5 Cr | ₹69.28 Cr | ₹64.86 Cr |
| Total Income | ₹2,366.59 Cr | ₹1,930.21 Cr | ₹2,124.52 Cr | ₹2,148.69 Cr | ₹2,434.13 Cr |
| Cost of Materials Consumed | ₹16.51 Cr | ₹15.8 Cr | ₹0 | ₹0 | ₹2.89 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | -₹7.95 Lakh |
| Employee Benefit Expense | ₹80.26 Cr | ₹72.22 Cr | ₹65.33 Cr | ₹59.16 Cr | ₹61.91 Cr |
| Finance Costs | ₹4.93 Cr | ₹4.68 Cr | ₹31.3 Cr | ₹92.92 Cr | ₹164.54 Cr |
| Depreciation & Amortisation | ₹192.01 Cr | ₹193.86 Cr | ₹195.99 Cr | ₹203 Cr | ₹196.64 Cr |
| Other Expenses | ₹430.68 Cr | ₹415.1 Cr | ₹557.07 Cr | ₹546.92 Cr | ₹729.64 Cr |
| Total Expenses | ₹724.39 Cr | ₹701.66 Cr | ₹849.7 Cr | ₹902 Cr | ₹1,155.53 Cr |
| Profit Before Exceptional Items & Tax | ₹1,642.2 Cr | ₹1,228.55 Cr | ₹1,274.83 Cr | ₹1,246.69 Cr | ₹1,278.6 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,642.2 Cr | ₹1,228.55 Cr | ₹1,274.83 Cr | ₹1,246.69 Cr | ₹1,278.6 Cr |
| Total Tax Expense | ₹357.56 Cr | ₹283.6 Cr | ₹295.78 Cr | ₹316 Cr | ₹169.87 Cr |
| Net Profit | ₹1,284.64 Cr | ₹944.95 Cr | ₹1,009.75 Cr | ₹924.24 Cr | ₹1,108.73 Cr |
| Other Comprehensive Income | -₹5.65 Cr | -₹1.84 Cr | ₹1 Cr | ₹10.23 Cr | -₹2.7 Cr |
| Total Comprehensive Income | ₹1,278.99 Cr | ₹943.11 Cr | ₹1,010.75 Cr | ₹934.48 Cr | ₹1,106.04 Cr |
| EBITDA (computed) | ₹1,839.14 Cr | ₹1,427.09 Cr | ₹1,502.12 Cr | ₹1,542.61 Cr | ₹1,639.77 Cr |
| Basic EPS | ₹22.77 | ₹16.75 | ₹17.35 | ₹16.50 | ₹19.66 |
| Diluted EPS | ₹22.77 | ₹16.75 | ₹17.35 | ₹16.50 | ₹19.65 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹11,081 Cr | ₹10,088 Cr |
| Non-current Assets | ₹9,272.86 Cr | ₹8,905.74 Cr |
| Current Assets | ₹1,808 Cr | ₹1,182.54 Cr |
| Property, Plant & Equipment | ₹2,887.5 Cr | ₹3,011.23 Cr |
| Inventories | ₹210.84 Cr | ₹212.09 Cr |
| Trade Receivables | ₹141.23 Cr | ₹144.05 Cr |
| Cash & Equivalents | ₹8.25 Cr | ₹135.67 Cr |
| Equity (Net Worth) | ₹10,270 Cr | ₹9,273.18 Cr |
| Equity Share Capital | ₹564.21 Cr | ₹564.21 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 |
| Current Liabilities | ₹240.91 Cr | ₹244.77 Cr |
| Total Liabilities | ₹810.79 Cr | ₹815.1 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹1,172.42 Cr | ₹966.42 Cr | ₹1,072.68 Cr |
| Investing Cash Flow | -₹1,015.59 Cr | -₹701.89 Cr | -₹1.1 Cr |
| Financing Cash Flow | -₹284.25 Cr | -₹202.65 Cr | -₹1,082.33 Cr |
| Capital Expenditure | ₹416.36 Cr | ₹198.18 Cr | ₹77.89 Cr |
| Free Cash Flow (computed) | ₹756.06 Cr | ₹768.24 Cr | ₹994.79 Cr |
| Dividends Paid | ₹282.11 Cr | ₹112.84 Cr | ₹112.84 Cr |
| Net Change in Cash | -₹127.42 Cr | ₹61.88 Cr | -₹10.75 Cr |
Ownership and Shareholding of Gujarat State Petronet Limited
Shareholding and ownership data for Gujarat State Petronet Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Group Structure of Gujarat State Petronet Limited
Gujarat State Petronet Limited has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The corporate group structure reflects Gujarat State Petronet Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Gujarat Gas Limited | L40200GJ2012SGC069118 | - |
| Gspl India Gasnet Limited | U40200GJ2011SGC067449 | - |
| Gspl India Transco Limited | U40200GJ2011SGC067450 | - |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Gujarat State Petronet Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 2021 | Hdfc Bank Limited | ₹350 Cr | Satisfied |
| 31 Aug 2019 | Others | ₹250 Cr | Satisfied |
| 24 Feb 2015 | State Bank of India | ₹175 Cr | Satisfied |
| 03 Feb 2015 | Hdfc Bank Limited | ₹150 Cr | Satisfied |
| 23 Oct 2012 | Idfc Limited | ₹350 Cr | Satisfied |
Total charge records: 25 View all charges
Employees and EPFO Compliance at Gujarat State Petronet Limited
Gujarat State Petronet Limited has a workforce of 255 employees as of Oct 10, 2024.
Employee and EPFO history for Gujarat State Petronet Limited
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GST Compliance of Gujarat State Petronet Limited
GST registrations and filing compliance for Gujarat State Petronet Limited
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Credit Ratings, Litigation & Regulatory Alerts for Gujarat State Petronet Limited
Credit ratings, litigation, and regulatory alerts for Gujarat State Petronet Limited
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MSME Payment Delays by Gujarat State Petronet Limited
MSME payment history for Gujarat State Petronet Limited
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Subsidiaries & Group Companies of Gujarat State Petronet Limited
Corporate group structure for Gujarat State Petronet Limited
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MCA Filings & Documents of Gujarat State Petronet Limited
MCA filings and documents for Gujarat State Petronet Limited
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Recent Activity on Gujarat State Petronet Limited
Recent News on Gujarat State Petronet Limited
Frequently Asked Questions about Gujarat State Petronet Limited
Gujarat State Petronet Limited is an active public limited state government company in the environment sector based in Gandhinagar, Gujarat, India. It was incorporated on 23 December 1998 (28+ years old) and is registered under CIN L40200GJ1998SGC035188. Listed on BSE: 532702 and NSE: GSPL. The company has 255 employees.
Gujarat State Petronet Limited reported revenue of ₹17,898 Cr for FY 2024 (down 4.1% YoY) based on consolidated NSE filings.
The current directors of Gujarat State Petronet Limited are:
- Avantikasing Aulakh - Managing Director
- Jayant Misra - Additional Director
- Manoj Das - Managing Director
- Rishikesha Thiruvenkata Krishnan - Director
- Vanaja Narayanan Sarna - Director
- Sandeep Rajendraprasad Kumar - Additional Director
The primary industry of Gujarat State Petronet Limited is environment. The company specifically operates in wind energy solutions. The company is currently active in this sector.
Yes. Gujarat State Petronet Limited is listed on both BSE (code: 532702) and NSE (symbol: GSPL).
Gujarat State Petronet Limited can be reached at the registered office: Gspc Bhavan Behind Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382011, or through the website gspcgroup.com.