Gujarat State Petronet Limited - Company Profile

It is a environment public limited state government company based in Gandhinagar, Gujarat, India, established in 1998.

1998 Gandhinagar, Gujarat, India Active

Last Updated: February 06, 2026

About Gujarat State Petronet Limited

Gujarat State Petronet Limited, a active public limited state government company, was established on 23 December 1998 in Gandhinagar, Gujarat, India. Engaging in wind energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: L40200GJ1998SGC035188. Registered under ROC Roc Ahmedabad. it is listed on BSE: 532702 and NSE: GSPL. It has an authorized capital of ₹700.00 Cr and a paid-up capital of ₹564.21 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹1,930.21 Cr and a net worth of ₹9,273.18 Cr. Employing 255 professional, Its leadership includes Rishikesha Thiruvenkata Krishnan (Director), Pankaj Harishchandra Joshi (Managing Director), Vanaja Narayanan Sarna (Director). Past directors included Arvind Motilal Agarwal, Rishikesha Thiruvenkata Krishnan, Balwant Singh. It holds no open charges and ₹2,821.02 Cr settled loans. Its latest AGM occurred on 23 September 2025, with the balance sheet filed on 31 March 2025. It is based at Gspc Bhavan Behind Udyog Bhavan Sector-11, Gandhinagar, Gujarat, 382011.

Company Details

CIN/LLPIN
L40200GJ1998SGC035188
Registration Number
035188
Incorporation Date
23 December 1998
Authorized Capital
₹700.00 Cr
Paid-Up Capital
₹564.21 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 532702, NSE: GSPL)
Company Status
Active

Key Metrics

Authorised Capital ₹ 700.00 Cr as on 06-02-2026
Paid Up Capital ₹ 564.21 Cr as on 06-02-2026
Company Age 27 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 2,821.02 Cr as on 06-02-2026
Revenue Growth **** -9.15% (FY 2023)
Profit Growth **** -6.42% (FY 2023)
Ebitda **** -9.94% (FY 2023)
Net Worth 9.83% (FY 2023)
Total Assets **** 8.01% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Gujarat State Petronet 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 State Petronet Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rishikesha Thiruvenkata Krishnan	Director	21 Sep 2024	Current
Pankaj Harishchandra Joshi	Managing Director	07 Feb 2025	Current
Vanaja Narayanan Sarna	Director	24 Jun 2024	Current
Manoj Kumar Das	Managing Director	12 Aug 2025	Current
Lokesh Agarwal	Cfo	02 Dec 2025	Current
Arti Kanwar	Director	11 Aug 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	09 Dec 2019	Past
Pramod Abcsdd	Additional Director	22 Sep 2025	Past
Pramod Abcsdd	Director	19 Mar 2007	Past
Pramod Abcsdd	Additional Director	21 Sep 2010	Past
Pramod Abcsdd	Nominee Director	02 Mar 2010	Past
Pramod Abcsdd	Additional Director	27 Sep 2013	Past

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Financial Performance of Gujarat State Petronet.

Gujarat State Petronet Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.15% decrease. The company also saw a slight decrease in profitability, with a 6.42% decrease in profit. The company's net worth moved up by a moderate rise of 9.83%.

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

********

-9.15%

*******

Revenue from Operations

*******

-12.78%

*******

Total Assets

*******

8.01%

*******

Profit or Loss

*******

-6.42%

*******

Net Worth

*******

9.83%

*******

EBITDA

*******

-9.94%

*******

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What is the Ownership and Shareholding Structure of Gujarat State Petronet?

In 2022, Gujarat State Petronet had a promoter holding of 37.63% and a public holding of 62.37%. The company had 3 Subsidiaries and 1 Associate company. 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

₹28,210,200,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 710.00 Cr
Idfc Limited : 400.00 Cr
International Finance Corporation Limited : 337.50 Cr
Others : 250.00 Cr
State Bank Of India : 229.00 Cr
Others : 894.52 Cr

Latest Charge Details

Date	Lender	Amount	Status
23 Feb 2021	Hdfc Bank Limited	₹350.00 Cr	Satisfied
31 Aug 2019	Others	₹250.00 Cr	Satisfied
24 Feb 2015	State Bank Of India	₹175.00 Cr	Satisfied
03 Feb 2015	Hdfc Bank Limited	₹150.00 Cr	Satisfied
23 Oct 2012	Idfc Limited	₹350.00 Cr	Satisfied

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How Many Employees Work at Gujarat State Petronet?

Gujarat State Petronet has a workforce of 255 employees as of Oct 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 State Petronet, 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 State Petronet'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 State Petronet

Recent Activity within the Organization

Director Appointment

The activity Avantikasing Aulakh was appointed as a Managing Director was appointed as a Managing Director on 24 Dec 2025 & has been associated with this company since 1 month 27 days . was completed.
24 Dec 2025
Director Appointment

Progress on Lokesh Agarwal was appointed as a CFO was appointed as a CFO on 02 Dec 2025 & has been associated with this company since 2 months 21 days . was documented.
02 Dec 2025
Director Appointment

Progress on Jayant Misra was appointed as a Additional Director was appointed as a Additional Director on 22 Oct 2025 & has been associated with this company since 4 months 1 day . was documented.
22 Oct 2025
Annual General Meeting

Gujarat State Petronet Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records. was recorded as a recent event.
23 Sep 2025
Director Appointment

Progress on Amit Manubhai Shah was appointed as a Cfo was appointed as a Cfo on 06 Sep 2025 & has been associated with this company since 5 months 16 days . was documented.
06 Sep 2025
Director Appointment

Progress on Manoj Kumar Das was appointed as a Managing Director was appointed as a Managing Director on 12 Aug 2025 & has been associated with this company since 6 months 11 days . was documented.
12 Aug 2025

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