About Gujarat Urban Development Company Limited
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Gujarat Urban Development Company Limited is a public limited state government company based in Gandhinagar, Gujarat, India. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 27 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U75140GJ1999SGC036051. Its GSTIN is 24AABCG1330R2ZM (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹26 Cr. It is led by directors including Remya Mohan (Managing Director) and Janak Jerambhai Siyani.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Karmayogi Bhavan Block – 1 B1 Wing Ground Floor Sector – 10/A, Gandhinagar, Gujarat, India – 382010.
As per the financials filed for FY 2025, the company reported a revenue of ₹352.27 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹73.31 Cr (net margin 20.8%) and EBITDA of ₹151.34 Cr (EBITDA margin 43%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 45% over five years.
The company has about 71 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 2 brands: GIFT City and Gujarat Government. Court records list 96 cases involving the company, including 21 filed by the company and 75 filed against it; 28 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹5.07 Cr; the latest was in June 2010.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gujarat.gov.in.
Company details
CIN history
Gujarat Urban Development Company has one previous CIN (Corporate Identification Number): U75140GJ1999PLC036051. The current CIN is U75140GJ1999SGC036051, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U75140GJ1999SGC036051 | Current |
| U75140GJ1999PLC036051 | Previous |
Contact details
Gujarat Urban Development Company Limited's registered office is in Gandhinagar, Gujarat. Its website is gujarat.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKarmayogi Bhavan Block – 1 B1 Wing Ground Floor Sector – 10/A, Gandhinagar, Gujarat, India – 382010
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Gujarat Urban Development Company 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
Brands
Gujarat Urban Development Company operates two associated brands: GIFT City and Gujarat Government. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A global financial and technology hub is established in India. | giftgujarat.in | |
| Government entity focused on gujarat state education and development services | gujarat.gov.in |
Business activity
The main business activity of Gujarat Urban Development Company is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Gujarat Urban Development Company Limited, buy the company report.
Financials of Gujarat Urban Development Company Limited
FY 2024 filings availableGujarat Urban Development Company Limited reported revenue of ₹352.27 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 5% growth 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 | ₹151.34 Cr | ||||
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| Net Profit (PAT) | ₹73.31 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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| EBITDA Margin | 43% | ||||
| Net Profit Margin | 20.8% | ||||
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To see the full financial statements and ratios of Gujarat Urban Development Company Limited, buy the company report.
Board of directors of Gujarat Urban Development Company Limited
Gujarat Urban Development Company has 6 current directors and 61 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shahmeena Syedafzal Husain | Nominee Director | 03 Nov 2023 | 3 Years 0 Months | Current |
| Janak Jerambhai Siyani | Director | 29 Jan 2024 | 2 Years 9 Months | Current |
| Malaiyappan Thennarasan | Nominee Director | 20 Jun 2025 | 1 Years 4 Months | Current |
| Remya Mohan | Managing Director | 04 Feb 2025 | 1 Years 9 Months | Current |
| Prabhatkumar Ramanlal Patelia | Nominee Director | 01 Feb 2025 | 1 Years 9 Months | Current |
| Vinaben Ishwarbhai Patel | Nominee Director | 30 Jun 2025 | 1 Years 4 Months | Current |
Shareholding
The shareholding of Gujarat Urban Development Company Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gujarat Urban Development Company Limited, buy the company report.
Deals & funding
Gujarat Urban Development Company Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹5.07 Cr; the latest was in June 2010.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2010 | Funding round | ₹4.77 Cr | Investors: an individual |
| Mar 2008 | Funding round | ₹30 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gujarat Urban Development Company Limited has 96 court cases on record: 21 filed by Gujarat Urban Development Company, 75 filed against it. 28 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 76 | 63 | 23 |
| District courts | 17 | 9 | 5 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 96)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Rajkamal Builders Infrastructure Private Limited (JV) | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed against the company by JBM Industries Ltd | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (SPCS) | Filed against the company by JBM Auto Ltd | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by D. N. C. Infratech Pvt Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Geo Designs and Research Pvt. Ltd. | Disposed |
To see the full case history of Gujarat Urban Development Company 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gujarat Urban Development Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gujarat Urban Development Company has 8 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gift Sez Limited | U45200GJ2008PLC054999 | |
| Gift District Cooling Systems Limited | U45201GJ2008PLC055057 | |
| Gift Ict Services Limited | U45204GJ2008PLC055077 | |
| Gift Collective Investment Management Company Limited | U65993GJ2008PLC053818 | |
| Gift Power Company Limited | U74900GJ2008PLC055011 | |
| Gift Waste Management Services Limited | U74900GJ2008PLC055012 |
To see the full group structure of Gujarat Urban Development Company Limited, buy the company report.
Employees & EPFO
Gujarat Urban Development Company Limited has a workforce of 71 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Gujarat Urban Development Company has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG1330R2ZM | Gujarat | Active | 29 Apr 2021 |
To see the full GST registrations and return filing status of Gujarat Urban Development Company Limited, buy the company report.
Recent activity
Gujarat Urban Development Company Limited has 63 board changes on record since 2007: 8 appointments and 55 cessations. The latest: Vinaben Ishwarbhai Patel was appointed as Nominee Director on 30 Jun 2025.
54 earlier events are in the company report.
News
Frequently asked questions
Gujarat Urban Development Company is an active public limited state government company based in Gandhinagar, Gujarat, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 27 May 1999 (27+ years old) and is registered under CIN U75140GJ1999SGC036051.
Gujarat Urban Development Company has 6 current directors:
- Remya Mohan - Managing Director
- Shahmeena Syedafzal Husain - Nominee Director
- Janak Jerambhai Siyani - Director
- Malaiyappan Thennarasan - Nominee Director
- Prabhatkumar Ramanlal Patelia - Nominee Director
- Vinaben Ishwarbhai Patel - Nominee Director
The latest financial statements of Gujarat Urban Development Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 19 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Urban Development Company is 24AABCG1330R2ZM, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Gujarat Urban Development Company is U75140GJ1999SGC036051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gujarat Urban Development Company has 96 court cases on record: 21 filed by the company and 75 filed against it. 28 are pending. Most are in the high courts.
Gujarat Urban Development Company was incorporated on 27 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gujarat Urban Development Company has 2 deals on record (2 funding rounds), with disclosed funding of ₹5.07 Cr; the latest was in June 2010.
Vinaben Ishwarbhai Patel was appointed as Nominee Director on 30 Jun 2025. Malaiyappan Thennarasan was appointed as Nominee Director on 20 Jun 2025. Krishna Kumar Nirala ceased to be Nominee Director on 17 Jun 2025. Gujarat Urban Development Company has 63 board changes on record in total.
Gujarat Urban Development Company can be reached through the website gujarat.gov.in. Its registered office is in Gandhinagar, Gujarat, India.
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