About GVK Airport Developers Limited
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GVK Airport Developers Limited is a public limited company based in Secunderabad, Telangana, India, a subsidiary of Adani Airport Holdings Limited. It operates in the airport infrastructure and development segment of the infrastructure and utilities sector. It was incorporated on 10 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U62200TG2005PLC046510.
The company has an authorised share capital of ₹6,000 Cr and a paid-up capital of ₹3,744.01 Cr. It was formerly known as Gvk Airport Developers Private Limited. It is led by directors including Ashish Rajvanshi and Jay Himatlal Shah.
Its last annual general meeting (AGM) was held on 21 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Paigah House 156 – 159 S P Road S P Road, Secunderabad, Telangana, India – 500003.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,571.78 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹22.61 Cr (net margin -0.5%) and EBITDA of ₹1,756.37 Cr (EBITDA margin 38.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 5% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries and 2 joint ventures.
As per MCA filings, the company has open charges of ₹41,895 Cr and satisfied charges of ₹8,300.48 Cr on record. Court records list 20 cases involving the company, including 1 filed by the company and 9 filed against it; 9 cases are pending. The company has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹3,856.3 Cr; the latest was in March 2025. Its 9 peer companies in the Infrastructure industry (Airports) are compared by revenue, 4 larger and 5 smaller; the largest is GMR Airports Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gvk.com.
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- Website
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- Registered AddressPaigah House 156 – 159 S P Road S P Road, Secunderabad, Telangana, India – 500003
- IndustryInfrastructure and Utilities, Airport Infrastructure & Development
- 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
- One PDF report, delivered after checkout
Financials of GVK Airport Developers Limited FY 2025 filings available
GVK Airport Developers Limited reported revenue of ₹4,571.78 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of GVK Airport Developers Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 12% growth in the latest year. EBITDA rose 70% 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 of GVK Airport Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1,756.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹22.61 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of GVK Airport Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of GVK Airport Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of GVK Airport Developers Limited
GVK Airport Developers Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Airports). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GMR Airports Limited | •••• | •••• | •••• | •••• | 2,925 | Dlf Qe, Haryana, India |
| Adani Airport Holdings Limited | •••• | •••• | •••• | •••• | 311 | Ahmedabad, Gujarat, India |
| GMR Airports Limited Listed | •••• | •••• | •••• | •••• | 702 | Dlf Qe, Haryana, India |
| Delhi International Airport Limited | •••• | •••• | •••• | •••• | 2,284 | New Delhi, Delhi, India |
| GVK Airport Developers Limited this company | •••• | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| Mumbai International Airport Limited | •••• | •••• | •••• | •••• | 1,028 | Mumbai, Maharashtra, India |
| Bangalore International Airport Limited | •••• | •••• | •••• | •••• | 1,866 | Bangalore, Karnataka, India |
| GMR Hyderabad International Airport Limited | •••• | •••• | •••• | •••• | 834 | Shamshabad, Telangana, India |
| Cochin International Airport Limited | •••• | •••• | •••• | •••• | 540 | Ernakulam, Kerala, India |
| GMR Corporate Services Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below GVK Airport Developers by revenue in the Infrastructure industry (Airports), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of GVK Airport Developers Limited
GVK Airport Developers Limited is audited by RAVINDRA B MEHTA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAVINDRA B MEHTA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of GVK Airport Developers Limited
GVK Airport Developers Limited currently reports 7 directors and 1 key managerial person. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Rajvanshi Also directs: GVK Airport Holdings Limited, PLR Systems (India) Limited, Indianoil - Adani Gas Private Limited and 5 more | Director | 13 Jul 2021 | 5 Years 2 Months | Current |
| Jay Himatlal Shah Also directs: Ocean Sparkle Limited, Alipurduar Transmission Limited, Amaya Exim Private Limited and 3 more | Director | 13 Jul 2021 | 5 Years 2 Months | Current |
| Shyamal Shivkumar Joshi | Director | 13 Jul 2021 | 5 Years 2 Months | Current |
| Kabir Dilipbhai Ashara Also directs: GVK Airport Holdings Limited | Company Secretary | 01 Jan 2022 | 4 Years 9 Months | Current |
| Akash Mahendrabhai Soni Also directs: GVK Airport Holdings Limited, Bangalore Airport & Infrastructure Developers Limited, Tabemono True Aromas Limited and 3 more | Additional Director | 25 Jul 2025 | 1 Years 2 Months | Current |
| Niraj Kumar Also directs: GVK Airport Holdings Limited, Bangalore Airport & Infrastructure Developers Limited, Tabemono True Aromas Limited and 1 more | Additional Director | 25 Jul 2025 | 1 Years 2 Months | Current |
Ownership and Shareholding of GVK Airport Developers Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of GVK Airport Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2019 | Yes Bank Limited | ₹429.3 Cr | Open |
| 24 Mar 2017 | Others | ₹3,215 Cr | Open |
| 24 Mar 2017 | Others | ₹6,768.9 Cr | Open |
| 24 Mar 2017 | Others | ₹6,768.9 Cr | Open |
| 24 Mar 2017 | Others | ₹6,768.9 Cr | Open |
Total charge records: 22 View all charges
Deals & Funding of GVK Airport Developers Limited
GVK Airport Developers Limited has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹3,856.3 Cr; the latest was in March 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Adani Airport Holdings Limited Seller: GVK Power & Infrastructure Limited , Sutara Roads & Infra Limited |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Adani Airport Holdings Limited Seller: GVK Power & Infrastructure Limited |
| Jul 2021 | Funding round | ₹2,436.32 Cr | Investors: Adani Airport Holdings Limited |
| Jun 2017 | Funding round | ₹119.99 Cr | Investors: Icici Bank Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Sutara Roads & Infra Limited Seller: Jaipur Expressway Limited |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of GVK Airport Developers Limited
GVK Airport Developers Limited has 20 court cases on record: 1 filed by GVK Airport Developers, 9 filed against it, 10 where it is another party. 9 cases are pending and 11 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 6 | 6 |
| District courts | 6 | 3 | 3 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Icici Bank Limited | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Icici Bank Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Mumbai International Airport Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Icici Bank Limited | Disposed |
| Bombay High Court | Court case (LPETN) | Filed against the company by Icici Bank Limited | Disposed |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at GVK Airport Developers Limited
GVK Airport Developers Limited has a workforce of 2 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of GVK Airport Developers Limited
GVK Airport Developers has 4 subsidiary companies and 2 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Mumbai International Airport Limited | U45200MH2006PLC160164 | Locked |
| Navi Mumbai International Airport Private Limited | U45200MH2007PTC169174 | Locked |
| Bangalore Airport & Infrastructure Developers Limited | U45200TG2006PLC051693 | Locked |
| Gvk Airport Holdings Limited | U62200TG2005PLC046505 | Locked |
Showing major subsidiaries. Total: 4.
CIN History of GVK Airport Developers Limited
GVK Airport Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U62200TG2005PLC046510, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62200TG2005PLC046510 | Current |
| U62200AP2005PTC046510 | Previous |
| U62200TG2005PTC046510 | Previous |
News related to GVK Airport Developers Limited
Recent Activity on GVK Airport Developers Limited
GVK Airport Developers Limited has 60 board changes on record since 2005: 34 appointments and 26 cessations. The latest: Akash Mahendrabhai Soni was appointed as Additional Director on 25 Jul 2025.
95 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for GVK Airport Developers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by GVK Airport Developers Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of GVK Airport Developers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of GVK Airport Developers Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of GVK Airport Developers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about GVK Airport Developers Limited
GVK Airport Developers is an active public limited company based in Secunderabad, Telangana, India. The company works in airport infrastructure and development, within the infrastructure and utilities industry. It was incorporated on 10 June 2005 (21+ years old) and is registered under CIN U62200TG2005PLC046510.
GVK Airport Developers reported revenue of ₹4,571.78 Cr for FY 2025 (up 12% YoY).
GVK Airport Developers has 8 current directors and KMP:
- Ashish Rajvanshi - Director
- Jay Himatlal Shah - Director
- Shyamal Shivkumar Joshi - Director
- Akash Mahendrabhai Soni - Additional Director
- Niraj Kumar - Additional Director
- Ekta Ghosh - Director
- Kabir Dilipbhai Ashara - Company Secretary
- Jaykishan Birla - Manager
GVK Airport Developers reported a net loss of ₹22.61 Cr (net margin -0.5%) and EBITDA of ₹1,756.37 Cr (EBITDA margin 38.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of GVK Airport Developers is 29% over three years and 5% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of GVK Airport Developers is U62200TG2005PLC046510. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GVK Airport Developers has 20 court cases on record: 1 filed by the company and 9 filed against it. 9 are pending. Most are in the high courts.
GVK Airport Developers was incorporated on 10 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Hyderabad.
GVK Airport Developers has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹3,856.3 Cr; the latest was in March 2025.
The peers of GVK Airport Developers by revenue are GMR Airports Limited, Adani Airport Holdings Limited, GMR Airports Limited, Delhi International Airport Limited, Mumbai International Airport Limited and 4 more, all in the Infrastructure industry (Airports).
Akash Mahendrabhai Soni was appointed as Additional Director on 25 Jul 2025. Anish Ashokkumar Shah ceased to be Director on 25 Jul 2025. Niraj Kumar was appointed as Additional Director on 25 Jul 2025. GVK Airport Developers has 60 board changes on record in total.