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Gujarat Mineral Development Corporation Limited
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Registered Details

GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED

www.gmdcltd.com

All Companies ›

Gujarat ›

Mining & Quarrying ›

GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED

Active

Updated: 28 Nov 2025

The company engages in mining business in India. It operates through two segments, Mining and Power.

Gujarat Mineral Development Corporation Limited, is a listed public company incorporated on 15 May, 1963. It is classified as a State government company and is located in , Gujarat. It's authorized share capital is INR 150.00 cr and the total paid-up capital is INR 63.60 cr.

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Industry and products

Mining and Quarrying

wind, lignite, fluorspar, manganese, limestone, silica sand, lead, and solar sources., power using thermal, as well as copper, and ball clay, and zinc ores, bauxite, bentonite

Company size

Auth Capital

₹ 150.0 Cr

Paidup Capital

₹ 63.6 Cr

Revenue

₹ 2500-2750 cr

Key Metrics

** All rupee values in INR crores.

Total Revenue

-29.78%

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EBITDA

-53.11%

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Net Profit

-48.92%

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Networth

5.69%

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Borrowings

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Assets

5.96%

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Gross Margin

-0.39

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Operating Margin

-12.77

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Net Profit Margin

-8.42

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Return on Equity

-10.8

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ROCE

-28.24

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Debt to Equity

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Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (15)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Gauri Kumar	01585999	7 years
Director	Shailesh Gandhi	02685385	10 years
Managing Director	Roopwant Singh	06717937	5 years
Director	Sharvil Pankajbhai Patel	00131995	1 years
Director	Mamta Verma	01854315	1 years
Director	Arti Kanwar	03535973	2 years
Director	Hasmukh Adhia	00093974	3 years

Financial Highlights

Financials upto March 2024 available in Tofler Pro

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	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	63.6	63.6	63.6	63.6	63.6
Reserves	4,184.5	3,971.2	4,703.1	5,721.6	6,052.4
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	136.8	174.1	209.3	205.9	271.8
Days payable	30,937.0	-28,268.0	12,610.0	-7,306.0	39,581.0
Other liabilities +	962.7	928.0	1,149.7	1,166.0	1,250.8
Other non-current liabilities	666.1	580.3	726.9	638.7	700.2
Other current liabilities	159.8	173.5	213.5	321.4	278.8
Total liabilities	5,210.8	4,962.8	5,916.5	6,951.2	7,366.9
Fixed Assets +	2,062.5	1,590.5	1,533.3	1,482.9	1,843.1
Tangible assets	1,706.4	1,242.2	1,182.1	1,139.0	1,108.8
CWIP	4.3	5.6	22.9	28.5	291.3
Intangible assets	351.8	342.6	328.2	315.4	443.0
LT loans and advances	1.9	2.8	6.4	5.7	5.8
Other non-current assets	1,527.9	1,703.3	2,704.6	3,429.8	2,911.1
Current assets +	1,618.6	1,666.3	1,672.3	2,032.7	2,606.8
Inventories	95.1	98.5	89.8	107.0	106.5
Trade receivables	142.8	141.3	204.9	185.4	101.3
Cash and cash equivalents	95.1	265.6	66.2	51.1	33.2
ST loans and advances	9.1	7.9	3.0	6.0	5.0
Other current assets	1,276.4	1,153.0	1,308.2	1,683.3	2,360.8
Total assets	5,210.8	4,962.8	5,916.5	6,951.2	7,366.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.22	1.28	1.07	0.91	0.86
Reserves	80.3	80.02	79.49	82.31	82.16
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	2.63	3.51	3.54	2.96	3.69
Other liabilities +	18.48	18.7	19.43	16.77	16.98
Other non-current liabilities	12.78	11.69	12.29	9.19	9.5
Other current liabilities	3.07	3.5	3.61	4.62	3.79
Total liabilities
Fixed Assets +	39.58	32.05	25.92	21.33	25.02
Tangible assets	32.75	25.03	19.98	16.39	15.05
CWIP	0.08	0.11	0.39	0.41	3.95
Intangible assets	6.75	6.9	5.55	4.54	6.01
LT loans and advances	0.04	0.06	0.11	0.08	0.08
Other non-current assets	29.32	34.32	45.71	49.34	39.52
Current assets +	31.06	33.58	28.26	29.24	35.39
Inventories	1.83	1.98	1.52	1.54	1.45
Trade receivables	2.74	2.85	3.46	2.67	1.37
Cash and cash equivalents	1.83	5.35	1.12	0.73	0.45
ST loans and advances	0.18	0.16	0.05	0.09	0.07
Other current assets	24.5	23.23	22.11	24.22	32.05
Total assets

Total assets

Charges on assets

Bank wise

Charges

POWER FINANCE CORPORATION OF INDIA

No. of Loans: 1

Total Amount : 1,116.0 cr

Bank of India

No. of Loans: 1

Total Amount : 30.0 cr

Union Bank of India

No. of Loans: 1

Total Amount : 25.0 cr

ABU DHABI COMMERCIAL BANK LTD.

No. of Loans: 1

Total Amount : 10.0 cr

The Karur Vysya Bank Limited

No. of Loans: 1

Total Amount : 10.0 cr

Charge Holder	Amount	Date of creation/modification
POWER FINANCE CORPORATION OF INDIA	1,116.0 cr	06 Feb, 2003
ABU DHABI COMMERCIAL BANK LTD.	10.0 cr	31 Jul, 2002
Union Bank of India	25.0 cr	31 May, 2002
Bank of India	30.0 cr	23 May, 2002
The Karur Vysya Bank Limited	10.0 cr	22 Mar, 2002

Charges

POWER FINANCE CORPORATION OF INDIA

Bank of India

Union Bank of India

ABU DHABI COMMERCIAL BANK LTD.

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SCHOOL OF ULTIMATE LEADERSHIP FOUNDATION	Active	0.0	1	Gujarat
GSFS CAPITAL AND SECURITIES LIMITED	Dissolved	5.0 Cr	1	Gujarat
GUJARAT ALKALIES AND CHEMICALS LIMITED	Active	73.4 Cr	1	Gujarat
CADILA LABORATORIES PRIVATE LIMITED	Active	3.8 Cr	1	Gujarat
LIVA NUTRITIONS LIMITED	Active	3.0 Cr	1	Gujarat
LIVA INVESTMENT LIMITED	Active	25.0 L	1	Gujarat
ZYDUS HOSPITALS AND MEDICAL RESEARCH PRI VATE LIMITED	Amalgamated	1.0 L	1	Gujarat
ZYDUS PHARMACEUTICALS LIMITED	Amalgamated	95.0 L	1	Gujarat
WESTERN AHMEDABAD EFFLUENT CONVEYANCE COMPANY PRIVATE LIMITED	Active	1.0 L	1	Gujarat
ZYDUS HEALTHCARE LIMITED	Amalgamated	10.0 Cr	1	Gujarat
CADILA LIFESCIENCES PRIVATE LIMITED	Active	1.0 L	1	Gujarat
ZANDRA HERBS AND PLANTATIONS LLP	Active	1.0 Cr	1	Gujarat
RAJNIGANDHA DEVELOPERS LLP	Active	1.0 L	1	Gujarat
ZANDRA INFRASTRUCTURE LLP	Active	1.0 L	1	Gujarat
ZYDUS HOSPITAL LLP	Active	10.0 L	1	Gujarat
ALETA HOSPITALS LLP	Active	1.0 L	1	Gujarat
ZENILA VENTURES LLP	Active	5.0 L	1	Gujarat
ZYDUS TECHNOLOGIES LIMITED	Amalgamated	59.0 Cr	1	Gujarat
DIALFORHEALTH INDIA LIMITED	Amalgamated	25.0 Cr	1	Gujarat
PRIPAN INVESTMENT PRIVATE LIMITED	Active	364.2 Cr	1	Gujarat
ZYDUS HOSPITALS (VADODRA) PRIVATE LIMITED	Converted to LLP	1.0 L	1	Gujarat
ZYDUS HOSPITALS (RAJKOT) PRIVATE LIMITED	Converted to LLP	1.0 L	1	Gujarat
ZYDUS WELLNESS PRODUCTS LIMITED	Active	218.8 Cr	1	Gujarat
ZYDUS LIFESCIENCES LIMITED	Active	100.6 Cr	1	Gujarat
ZYDUS WELLNESS LIMITED	Active	63.6 Cr	1	Gujarat
ZYDUS ANIMAL HEALTH LIMITED	Amalgamated	24.0 Cr	1	Gujarat
ZYDUS HEALTHCARE LIMITED	Active	21.6 Cr	1	Gujarat
CADMACH MACHINERY COMPANY PRIVATE LIMITED	Active	22.0 L	1	Gujarat
ZYDUS FOUNDATION	Active	50.0 L	1	Gujarat
ZYDUS HOSPITALS AND HEALTHCARE RESEARCH PRIVATE LIMITED	Active	1.0 L	2	Gujarat
HEINZ INDIA PRIVATE LIMITED	Amalgamated	10.4 Cr	1	Gujarat
TVS SUPPLY CHAIN SOLUTIONS LIMITED	Active	44.1 Cr	1	Tamil Nadu
GCAP WORLD SOFTECH PRIVATE LIMITED	Active	8.0 L	1	Delhi
TVS SUPPLY CHAIN SOLUTIONS LIMITED	Active	44.1 Cr	1	Tamil Nadu
GUJARAT STATE PETROLEUM CORPORATION LIMITED	Active	1,075.7 Cr	1	Gujarat
GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED	Active	146.9 Cr	1	Gujarat
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED	Active	79.7 Cr	1	Gujarat
GUJARAT POWER CORPORATION LIMTED	Active	513.2 Cr	1	Gujarat
GVFL ADVISORY SERVICES LIMITED	Amalgamated	5.0 L	1	Gujarat
DIAMOND RESEARCH AND MERCANTILE CITY LIMITED	Active	100.0 Cr	1	Gujarat
GUJARAT STATE FINANCIAL SERVICES LTD	Active	188.0 Cr	1	Gujarat
GUJARAT STATE ELECTRICITY CORPORATION LIMITED	Active	3,327.7 Cr	1
GUJARAT STATE INVESTMENT LIMITED	Active	1,042.8 Cr	1	Gujarat
GSPC LNG LIMITED	Active	1,499.0 Cr	1	Gujarat
GUJARAT STATE PETRONET LIMITED	Active	564.2 Cr	1	Gujarat
GUJARAT FOUNDATION FOR ENTREPRENEURIAL EXCELLENCE	Active	10.0 L	1	Gujarat
SWARNIM GUJARAT FLUORSPAR PRIVATE LIMITED	Active	2.4 Cr	1	Gujarat
GUJARAT GUARDIAN LIMITED	Active	157.0 Cr	1	Gujarat

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
GMDC SCIENCE AND RESEARCH CENTRE	India	-	-
GMDC GRAMYA VIKAS TRUST	India	-	-
Gujarat Mineral Research & Industrial Consultancy Society	India	-	-

Tofler Score

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

L14100GJ1963SGC001206

PAN

AAACG7987P

Incorporation

1963, 62.6 years

Company Email

Jsevans[at]gmdcltd[dot]co[dot]in

Paid up Capital

₹ 63.6 Cr

Authorised Capital

₹ 150.0 Cr

AGM

Sep 2025

Type

Public

State Government Company

FAQ - GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED

What is the incorporation date of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED?

The incorporation date of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED is 15 May, 1963

What is the authorized share capital of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED?

The authorized share capital of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED is INR ₹ 150.0 Cr.

What is the paid-up capital of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED?

The paid-up capital of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED is INR ₹ 63.6 Cr.

What is the registered address of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED?

The registered address of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED is KHANIJ BHAVAN NEAR GUJARAT UNIVERSITY GROUND 132 FT RING ROAD VASTRAPUR, AHMEDABAD, Gujarat, India, 380052 - 380052

What is the CIN number of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED?

The CIN number of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED is L14100GJ1963SGC001206.

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