About Vadodara Smart City Development Limited
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Vadodara Smart City Development Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 30 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93090GJ2017PLC096591. Its GSTIN is 24AAFCV8512L1Z2 (Gujarat).
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹200 Cr. It is led by directors including Sheetal Vasantlal Mistry and Alpesh Govindlal Majmundar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 202 Streetlight Vibhag Khanderao Market (Ct), Vadodara, Gujarat, India – 390209.
As per the financials filed for FY 2023, the company reported a revenue of ₹152.18 Cr, a growth of 47% compared to the previous year. For the same year it recorded EBITDA of -₹53.02 Lakh (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 84% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vadodara Municipal Corporation. Court records list 3 cases involving the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vadodarasmartcity.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address202 Streetlight Vibhag Khanderao Market (Ct), Vadodara, Gujarat, India – 390209
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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 Vadodara Smart City Development Limited FY 2025 filings available
Vadodara Smart City Development Limited reported revenue of ₹152.18 Cr (up 47% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Vadodara Smart City Development Limited
Revenue has grown at a compounded annual rate (CAGR) of 84% over five years, including 47% 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 of Vadodara Smart City Development Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹152.18 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹53.02 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Vadodara Smart City Development Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Vadodara Smart City Development are in the company report.
Financial statements from FY 2017
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.
Auditor Details of Vadodara Smart City Development Limited
Vadodara Smart City Development Limited is audited by K C MEHTA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K C MEHTA & CO | 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 Vadodara Smart City Development Limited
Vadodara Smart City Development Limited currently reports 4 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Mahesh Babu | Additional Director | 15 Apr 2025 | 1 Years 5 Months | Current |
| Sheetal Vasantlal Mistry | Director | 07 Nov 2023 | 2 Years 11 Months | Current |
| Alpesh Govindlal Majmundar | Director | 03 Mar 2022 | 4 Years 7 Months | Current |
| Shreya Kalpesh Dalwadi | Director | 23 Feb 2018 | 8 Years 7 Months | Current |
| Vinodbhai Maganbhai Rajput | Ceo | 12 Dec 2024 | 1 Years 9 Months | Current |
Ownership and Shareholding of Vadodara Smart City Development 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 Vadodara Smart City Development Limited
Vadodara Smart City Development Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Vadodara Smart City Development Limited
Vadodara Smart City Development Limited has 3 court cases on record: 3 where it is another party. 1 case is pending and 2 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Company is another party | Pending |
| High Court of Gujarat | Special civil application | Company is another party | Disposed |
Full case history
All 3 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.
Associated Brands with Vadodara Smart City Development Limited
Vadodara Smart City Development operates one associated brand: Vadodara Municipal Corporation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Health and water supply services are provided to Vadodara residents. | vmc.gov.in |
Employees and EPFO Compliance at Vadodara Smart City Development Limited
Vadodara Smart City Development Limited has a workforce of 17 employees as of Apr 05, 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.
Recent Activity on Vadodara Smart City Development Limited
Vadodara Smart City Development Limited has 32 board changes on record since 2017: 6 appointments and 26 cessations. The latest: Arun Mahesh Babu was appointed as Additional Director on 15 Apr 2025.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vadodara Smart City Development 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 Vadodara Smart City Development 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 Vadodara Smart City Development 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 Vadodara Smart City Development Limited
Vadodara Smart City Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCV8512L1Z2 | Gujarat | Active | 01 Jul 2017 |
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 Vadodara Smart City Development 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 Vadodara Smart City Development Limited
Vadodara Smart City Development is an active public limited company based in Vadodara, Gujarat, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 30 March 2017 (9+ years old) and is registered under CIN U93090GJ2017PLC096591.
Vadodara Smart City Development reported revenue of ₹152.18 Cr for FY 2023 (up 47% YoY).
Vadodara Smart City Development has 5 current directors and KMP:
- Arun Mahesh Babu - Additional Director
- Sheetal Vasantlal Mistry - Director
- Alpesh Govindlal Majmundar - Director
- Shreya Kalpesh Dalwadi - Director
- Vinodbhai Maganbhai Rajput - Ceo
Vadodara Smart City Development reported EBITDA of -₹53.02 Lakh (EBITDA margin -0.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vadodara Smart City Development is 77% over three years and 84% over five years. In the latest year (FY 2023) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vadodara Smart City Development is 24AAFCV8512L1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Vadodara Smart City Development is U93090GJ2017PLC096591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vadodara Smart City Development has 3 court cases on record. 1 is pending.
Vadodara Smart City Development was incorporated on 30 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Arun Mahesh Babu was appointed as Additional Director on 15 Apr 2025. Vinodbhai Maganbhai Rajput was appointed as CEO on 12 Dec 2024. Sheetal Vasantlal Mistry ceased to be Additional Director on 29 Sep 2024. Vadodara Smart City Development has 32 board changes on record in total.