About Gujarat Water Infrastructure Limited
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Gujarat Water Infrastructure Limited is a public limited state government company based in Gandhinagar, Gujarat, India. It operates in the water utilities and services segment of the utilities sector. It was incorporated on 25 October 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U41000GJ1999SGC036777. Its GSTIN is 24AABCG2341N1ZQ (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹175 Cr and a paid-up capital of ₹155.02 Cr. It was formerly known as Gujarat State Drinking Water Infrastructure Company Limited. It is led by directors including Paragbhai Jayantilal Bhagdev (Managing Director) and Rasik Dalpatram Soni.
Its last annual general meeting (AGM) was held on 31 December 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Dr Jivraj Mehta Bhavanblock No 1 First Floor Sector 10, Gandhinagar, Gujarat, India – 382010.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,058.14 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr (net margin -0.1%) and EBITDA of ₹188.68 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
As per MCA filings, the company has satisfied charges of ₹112.38 Cr on record. Court records list 102 cases involving the company, including 17 filed by the company and 85 filed against it; 15 cases are pending. The company has 6 deals on record (6 funding rounds), with disclosed funding of ₹95.1 Cr; the latest was in January 2020. Its 4 peer companies in the Utilities industry (Water Supply), with the same principal business activity (water collection, treatment and supply) are compared by revenue, 4 smaller; the largest is Watco with revenue of ₹512.64 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gwil.in.
Company details
Contact details
Gujarat Water Infrastructure Limited's registered office is in Gandhinagar, Gujarat. Its website is gwil.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDr Jivraj Mehta Bhavanblock No 1 First Floor Sector 10, Gandhinagar, Gujarat, India – 382010
- IndustryUtilities, Water Utilities & Services
To see the full contact details of Gujarat Water Infrastructure 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
Business activity
The main business activity of Gujarat Water Infrastructure is water supply, sewerage and waste management. In detail, this covers water collection, treatment and supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply |
To see the full business activity and turnover split of Gujarat Water Infrastructure Limited, buy the company report.
Financials of Gujarat Water Infrastructure Limited
FY 2024 filings availableGujarat Water Infrastructure Limited reported revenue of ₹1,058.14 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 4% growth in the latest year. EBITDA fell 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹188.68 Cr | ||||
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| Net Profit (PAT) | -₹1.17 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 17.8% | ||||
| Net Profit Margin | -0.1% | ||||
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To see the full financial statements and ratios of Gujarat Water Infrastructure Limited, buy the company report.
Board of directors of Gujarat Water Infrastructure Limited
Gujarat Water Infrastructure has 6 current directors and 49 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rasik Dalpatram Soni | Director | 14 Oct 2014 | 12 Years 0 Months | Current |
| Nirav Pratapsinh Solanki | Nominee Director | 30 Sep 2019 | 7 Years 1 Months | Current |
| Parthiv Chandulal Vyas Also directs: Gujarat Water Resources Development Corporation Limited | Nominee Director | 16 Dec 2024 | 1 Years 10 Months | Current |
| Prabhatkumar Ramanlal Patelia | Nominee Director | 05 Mar 2025 | 1 Years 8 Months | Current |
| Paragbhai Jayantilal Bhagdev | Managing Director | 04 Dec 2024 | 1 Years 11 Months | Current |
| Shahmeena Syedafzal Husain | Nominee Director | 11 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Gujarat Water Infrastructure Limited is compared with the 4 companies closest to it by revenue in the Utilities industry (Water Supply), with the same principal business activity (water collection, treatment and supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gujarat Water Infrastructure Limitedthis company | ₹1,058.14 Cr (FY 2024) | -₹1.17 Cr | -0.1% | 4.0% | Gandhinagar, Gujarat, India | |
| Watco | ₹512.64 Cr (FY 2025) | 15.0% | Bhubaneswar, Odisha, India | |||
| Orange City Water Private Limited | ₹280.88 Cr (FY 2025) | 10.0% | Nagpur, Maharashtra, India | |||
| Telangana Drinking Water Supply Corporation Limited | ₹180.05 Cr (FY 2022) | 22.0% | Hyderabad, Telangana, India | |||
| Stem Water Distribution and Infrastructure Company Private Limited | ₹158.05 Cr (FY 2025) | 9.0% | Thane, Maharashtra, India |
To see the full peer comparison of Gujarat Water Infrastructure Limited, buy the company report.
Auditor
Gujarat Water Infrastructure Limited is audited by Kothari & Gupta Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kothari & Gupta Associates | FY 2023 | 009457N |
Shareholding
The shareholding of Gujarat Water Infrastructure Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gujarat Water Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2003 | 90111702 | Oriental Bank of Commerce | ₹37.38 Cr | Satisfied | |
| 29 Jan 2002 | 90111613 | Oriental Bank of Commerce | ₹75 Cr | Satisfied |
To see the full charge records of Gujarat Water Infrastructure Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Gujarat Water Infrastructure Limited has 6 deals on record (6 funding rounds), with disclosed funding of ₹95.1 Cr; the latest was in January 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Funding round | ₹5.42 Cr | Investors: an individual |
| Sep 2015 | Funding round | ₹9.58 Cr | Investors: an individual |
| Feb 2014 | Funding round | ₹10.05 Cr | Investors: an individual |
| Nov 2011 | Funding round | ₹13.8 Cr | Investors: an individual |
| Dec 2009 | Funding round | ₹21.25 Cr | Investors: an individual |
To see the full deal history of Gujarat Water Infrastructure Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gujarat Water Infrastructure Limited has 102 court cases on record: 17 filed by Gujarat Water Infrastructure, 85 filed against it. 15 cases are pending and 87 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 68 | 66 | 6 |
| District courts | 33 | 19 | 9 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 102)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed against the company by M/S. Amw Auto Component Ltd. | Pending |
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed against the company by Consulting Engineering Services India Private Ltd Through Bajrang Prasad,Company Secretary | Pending |
| District court, Jamnagar, Gujarat | Commercial matter | Filed against the company by J C R Cinema Pvt Ltd Through Manager Chandrakant Bhadra | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Nirma Limited | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (CMA DC) | Filed by the company against Consulting Engineering Services India Pvt Ltd | Pending |
To see the full case history of Gujarat Water Infrastructure 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 Water Infrastructure Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gujarat Water Infrastructure has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG2341N1ZQ | Gujarat | Active | 01 Jul 2017 |
| 24AABCG2341N1DZ | Gujarat | Active | 03 Oct 2018 |
To see the full GST registrations and return filing status of Gujarat Water Infrastructure Limited, buy the company report.
Recent activity
Gujarat Water Infrastructure Limited has 94 board changes on record since 2002: 50 appointments and 44 cessations. The latest: Krishna Kumar Nirala ceased to be Director on 17 Jun 2025.
90 earlier events are in the company report.
Frequently asked questions
Gujarat Water Infrastructure is an active public limited state government company based in Gandhinagar, Gujarat, India. The company works in water utilities and services, within the utilities industry. It was incorporated on 25 October 1999 (27+ years old) and is registered under CIN U41000GJ1999SGC036777.
Gujarat Water Infrastructure has 6 current directors:
- Paragbhai Jayantilal Bhagdev - Managing Director
- Rasik Dalpatram Soni - Director
- Nirav Pratapsinh Solanki - Nominee Director
- Parthiv Chandulal Vyas - Nominee Director
- Prabhatkumar Ramanlal Patelia - Nominee Director
- Shahmeena Syedafzal Husain - Nominee Director
The latest financial statements of Gujarat Water Infrastructure on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Water Infrastructure is 24AABCG2341N1ZQ, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCG2341N1DZ (Gujarat).
The CIN (Corporate Identification Number) of Gujarat Water Infrastructure is U41000GJ1999SGC036777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gujarat Water Infrastructure has 102 court cases on record: 17 filed by the company and 85 filed against it. 15 are pending. Most are in the high courts.
Gujarat Water Infrastructure was incorporated on 25 October 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gujarat Water Infrastructure has 6 deals on record (6 funding rounds), with disclosed funding of ₹95.1 Cr; the latest was in January 2020.
The peers of Gujarat Water Infrastructure by revenue are Watco, Orange City Water Private Limited, Telangana Drinking Water Supply Corporation Limited, Stem Water Distribution and Infrastructure Company Private Limited, all in the Utilities industry (Water Supply), with the same principal business activity (water collection, treatment and supply).
Krishna Kumar Nirala ceased to be Director on 17 Jun 2025. Ashokkumar Khandubhai Patel ceased to be Nominee Director on 05 Mar 2025. Prabhatkumar Ramanlal Patelia was appointed as Nominee Director on 05 Mar 2025. Gujarat Water Infrastructure has 94 board changes on record in total.
Gujarat Water Infrastructure can be reached through the website gwil.in. Its registered office is in Gandhinagar, Gujarat, India.
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