Gujarat International Finance Tec-City Company Limited

RTI MANUAL

As on April 29, 2024
Registered Office:Gujarat International Finance Tec-City Company Limited
EPS Building No. 49A, Block 49, Zone 04,
Gyan Marg, GIFT City, Gandhinagar – 382355
Gujarat, INDIA
Correspondence address:
Gujarat International Finance Tec-City Company Limited
GIFT House, Block 12, Road 1D, Zone 1, GIFT SEZ,
GIFT City, Gandhinagar – 382355
Gujarat, INDIARTI Manual – Proactive Disclosure___________________________________________________________________________INDEX
Chapter
No.

Particulars

Page No.

I

Particulars of organization, functions and duties

1–2

II

Powers & duties of its officers and employees

3

III

Procedure followed in decision making process, Including
channels of supervision and accountability

4IV

Norms set by the Company for the discharge of functions

5

Rules, regulations, instructions, manuals and records, held by itor under its control or used by its employees for discharging its
functions
Statement of the categories of documents that are held by it orunder its control
Particulars of any arrangement that exists for Consultation withor representation by the members of the public in relation to theformulation of its policy or administration thereofStatement of the Boards, councils committees and other bodies
consisting of two or more persons constituted as its part or forthe purpose of its advise, and as to whether meetings of thoseboards, councils, committee and other bodies are open to the
public, or the minutes of such meetings are accessible for public

6

V
VI
VII

VIII

IX
X
XI

XII
XIII
XIV
XV
XVI
XVII

Directory of the officers and employees

789

10 – 15

Remuneration paid to each of its Officers and Employees
including the post compensation as provided in its regulation
Budget allocated to each of its agency, indicating the particularsof all plans, proposed expenditures and reports on
disbursements made
Manner of execution of subsidy programmes, including theamounts allocated and the details of beneficiaries of suchprogrammes
Particulars of recipients of concessions, permits orauthorizations granted by it
Details in respect of the information, available to or held by it,
reduced in an electronic form
Particulars of facilities available to citizens for obtaining
information, including the working hours of a library or reading
room, if maintained for public use
Names,
designations
and
other
particularsofthe Public Information Officers

16

Other information

23

17

18

19
20
21

22

CHAPTER – I
PARTICULARS OF ORGANISATION, FUNCTIONS AND DUTIES
1.

Particulars of Organisationa.

Date of Incorporation: 21st June 2007b.

Type of Company: Public Limited (Government) Companyc.

Administrative Ministry: Urban Development & Urban Housing
Department, Government of Gujaratd.

Shareholding Pattern:Name of Shareholder

2.

Number of Shares% of Holding

Gujarat Urban Development 49,04,18,740
Company Limited

71.032

Gujarat Maritime Board

10,00,00,000

14.484

GujaratIndustrial 10,00,00,000
Corporation Limited

14.484

Functions & Duties
Gujarat International Finance Tec-City Company Limited (“GIFTCL”) isdeveloping a global financial services hub, known as GIFT City, situatedand lying at Taluka and District Gandhinagar, Gujarat (“GIFT City”), which
will cater to India’s large financial services potential by offering global
firms, the world class infrastructure and facilities. The GIFT City area
comprises of land, which includes non-SEZ area and SEZ area, which arebeing developed by GIFTCL.
The Govt. of India vide its notification no. S.O. 1910 (E) dated 18th August,
2011, under sub-section (1) of Section 4 of the Special Economic Zones
Act, 2005 (the ‘Act’) read with Rule 8 of the Special Economic Zones
Rules, 2006 (the ‘Rules’) has notified an area of 105.4386 Hectares (261
Acres) of GIFT City, situated at Villages- Pirojpur and Ratanpur, TalukaGandhinagar, District-Gandhinagar, Gujarat, for development, operationand maintenance, as a sector specific multi-services Special Economic
Zone.
The Urban Housing and Urban Development Department, Government ofGujarat vide Notification No. GH/V/24 of 2012/UDA/112011/4202/L dated

1

15th March 2012 in exercise of powers conferred by Section 22 of the
Gujarat Town Planning and Urban Development Act, 1976, excluded the
GIFT City Area from the urban development area of Gandhinagar Urban
Development Authority and constituted a separate GIFT Urban
Development Authority for the GIFT City Area.
The Urban Housing and Urban Development Department, Government ofGujarat vide Notification No. KV-25 of 2012/NPL/4512/561/M dated 15th
March 2012 in exercise of powers conferred by proviso to clause (1) of
Article 243Q of Constitution of India, declared GIFT City Area as Industrial
Township.
The Urban Housing and Urban Development Department, Government ofGujarat further vide Notification No. KV-26 of 2012/NPL/4512/561(1)/Mdated 15th March 2012 declared the said Industrial Township as a Notified
Area under Section 264A and constituted a Notified Committee under
Section 264B of the Gujarat Municipalities Act, 1963.
3.

Wholly owned subsidiaries of GIFTCL:
Central Government by its Order dated 26th September 2023 hasapproved the merger of GIFT SEZ Limited, GIFT District Cooling Systems
Limited, GIFT ICT Services Limited, GIFT Water Infrastructure Limited,
GIFT Waste Management Services Limited and GIFT Collective
Investment Management Company Limited with Gujarat International
Finance Tec City Company Limited. Pursuant to this order the aforesaid
companies will stand dissolved and merged with Gujarat International
Finance Tec-City Company Limited.
Below mentioned entities are subsidiaries of GIFTCL:
1.

GIFT Power Company Limited: Company is incorporated with
object to carry on the business of generation, accumulation,
distribution and supply of and to generally deal in electricity. GIFT
Power Company Ltd. is a wholly owned subsidiary of GIFTCL.

2.

Smart ICT Services Private Limited (Subsidiary of GIFTCL):
Company is incorporated with object to carry on the business ofEstablishment, Management and Operation of Information andCommunication Technology Infrastructure (ICT), Services andPlatforms within Gujarat International Finance Tec-City (GIFT City).
Note : Pursuant to merger order, the shares of the GIFT ICT Services
Limited stands transferred to GIFTCL.

2

CHAPTER – II
POWERS AND DUTIES OF THE OFFICERS AND EMPLOYEESThe powers & duties of the employees of the Company are derived mainly fromjob descriptions, terms and conditions of appointment, and delegation of
authorities enunciated by the Company. The employees of the Company areappointed for carrying out the business operations of the Company, which arein line with the objectives of the Company.
While discharging duties and responsibilities, employees of the Company arecomplying with the applicable provisions of statutes and, rules and regulations
framed thereunder.

3

CHAPTER – III
THE PROCEDURE FOLLOWED IN THE DECISION-MAKING PROCESS,INCLUDING CHANNELS OF SUPERVISION AND ACCOUNTABILITY.
Overall management of the Company is vested with the Board of Directors of
the Company. The Board of Directors is the highest decision-making bodywithin the Company.
The day-to-day management of the Company is entrusted to the Managing
Director & Group CEO and Departmental Heads (HoDs) of the Company.
Departmental Heads are reporting to the Managing Director & Group CEO of
the Company. The Managing Director & Group CEO is accountable to Board of
Directors for proper discharge of duties and responsibilities. For any approval,
the files are moved by reporting managers of respective Departments.
Thereafter, approval of respective departmental heads, other concerned
Departmental Heads and CFO is sought before seeking approval of theManaging Director & Group CEO.
Organisation Structure

Board of Directors

Managing Director & Group CEO

Departmental Heads (HoDs)

Reporting officers & Team4

CHAPTER – IVNORMS SET BY THE COMPANY FOR DISCHARGE OF FUNCTIONSThere are specific work profiles defined for each Department. The Department
Heads are entrusted with the tasks for execution of the works pertaining to theirrespective departmental domain.

5CHAPTER – V
THE RULES, REGULATIONS, INSTRUCTIONS, MANUALS AND
RECORDS HELD BY IT OR UNDER ITS CONTROL OR USED BYEMPLOYEES FOR DISCHARGING ITS FUNCTIONS
The overall objectives and framework of rules and regulations of the Company
are laid down in the Memorandum and Articles of Association of the Company.
Each department of the Company has its own work profile, based on which theemployees are required to discharge their functions. For smooth, efficient andtransparent functioning, the employees are required to follow the standard
policies, manuals and guidelines of the Company, which are periodicallyreviewed and updated. The company also has a code of conduct policy toregulate the conduct of employees.

6CHAPTER – VI
STATEMENT OF CATEGORIES OF DOCUMENTS HELD UNDER ITSCONTROL
The Company maintains various statutory documents, registers, books,
permissions, approvals, manuals, contracts & agreements, etc. for the business
operations of the Company, as required under various statutes, rules andregulations as well as for smooth functioning of the company.

7

CHAPTER – VII
THE PARTICULARS OF ANY ARRANGEMENT THAT EXISTS FORCONSULTATION WITH OR REPRESENTATION BY THE MEMBER OF
THE PUBLIC IN RELATION TO THE FORMULATION OF POLICY OR
ADMINISTRATION THEREOF
The Company is a commercial organization and is governed by its Board of
Directors. The policies formulated by the Company relate to its internalmanagement and hence, do not require any arrangement for consultation withor representation by the members of the public in relation to formulation oradministration thereof.

8

CHAPTER – VIIIA STATEMENT OF BOARDS, COUNCILS, COMMITTEES AND OTHER BODIESCONSISTING OF TWO OR MORE PERSONS CONSTITUTED AS ITS PART OR
FOR THE PURPOSE OF ITS ADVISE AND AS TO WHETHER MEETING OF
THOSE BOARDS, COUNCILS, COMMITTEES AND OTHER BODIES ARE OPEN
TO PUBLIC OR THE MINUTES OF SUCH MEETING ARE ACCESSIBLE FOR
PUBLIC
Board of Directors:a)Shri Hasmukh Adhia, Retd. lAS

Chairmanb)

Shri Jagdish Prasad Gupta, IAS

Directorc)Shri Ashwini Kumar. IAS

Directord)Shri Rajkumar Beniwal, IAS

Directore)Shri Tapan Ray, Retd. lAS

Managing Director& Group CEO

f)Prof. Chetan Vaidya

Independent Directorg)Ms. Anjali Bansal

Independent Directorh)Shri Ajay Tyagi

Independent Director

i)

Shri Rajat Moona

Independent Director

Various Committees:
1)

Project Committee

2)

Audit Committee

3)

Nomination & Remuneration Committee

4)

Committee of Directors for ancillary decisions for Development
Rights.

Minutes of meetings of the Board and respective abovementioned
Committees being confidential in nature, are not made available to the
public.

9CHAPTER – IX
DIRECTORY OF OFFICERS & EMPLOYEESThe list of Officers and Employees of Gujarat International Finance Tec-City
Company Limited and its subsidiaries are as under:
Gujarat International Finance Tec-City Co. Ltd. Ph. No. (079) 6170 8300

Sr. No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.

Full Name
Tapan Ray
Saurabh Singhal
Avichal Khera
Piyush Gandhi
Nilesh Purey
Janki Jethi
Kalubhai Tejani
Vishal Kundra
Loveleen Garg
Sanjay Kumar
Anil Kumar Parmar
Dhaivat Mehta
Amar Pandey
Vikram Shah
Kinjal Trambadia
Kalpesh Patel
Nisarg Acharya
Sandip Shah
Pooja Vaghela
Prakashsingh Thakur
Yogesh Bobade
Harsh Gandhi
Rahul Damedhar
Sachin Baid
Vikrant Bijamwar
Shibu Pillai
Vimal Patel
Jasmine Shah
Bharat Onkar
Ritu Joshi
Madhav Puranik
Jigar Dalal
Bharat Raval

Designation Grade
MD & Group CEO
CCO/CFTO
Senior Vice President
Senior Vice President
Senior Vice President
Senior Vice President
Senior Vice President
Senior Vice President
Vice President
Vice President
Vice President
Vice President
Assistant Vice President
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
10

34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
71.
72.
73.
74.
75.

Aditya Patel
Hemant Soni
Himangi Gupta
Parth Barot
Shashang Hathi
Bhaskar Sagar
Ankul Patel
Jitendra Yadav
Rahul Tajpuriya
Ankit Solanki
Chintan Amlani
Abhinav Ahuja
Shushant Chak
Sandeep Kumar Dubey
Augusta Coney
Rajesh Dhruv
Rakesh Kumar Patra
Manoj Yadav
Riddhi Joshi
Rupa Singh
Vishal Shah
Jignesh Melakiya
Niraj Rathod
Vijaykumar Gandhi
Kartikkumar G Prajapati
Ayush Shrivastava
Avinash Nakiya
Bhargav Prajapati
Rakesh Inala
Piyush Shah
Abhishek Kumar
Dhaval Ghodasara
Hiren Kumar Doshi
Durgesh Kumar Pandey
Sushant Raval
Shrey Shah
Durgesh Kumar Pandey
Ronak Naik
Dhaval Joshi
Maheshkumar Boghani
Dipen PatelJay Doshi

Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Deputy General Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
Senior Manager
ManagerManagerManagerManagerManagerManagerManagerManager1176. Priya Bhat
77. Mayank Parikh
78. Jaya Chaturvedi
79. Sachin Patel
80. Vipul Nakum
81. Mandaar Vaishnav
82. Rinku Chauhan
83. Shekhar Tejwani
84. Divyang Patel
85. Rudrank Bhatt
86. Harnish Patel
87. Dhaval Makwana
88. Vipul Panchal
89. Mehul Khakhkhar
90. Praphul Kumar
91. Ramendra Pandey
92. Virbhadrasinh Gohil
93. Prateek Sharma
94. Avadhesh Tank
95. Anooja U.
96. Dhyan Trivedi
97. Ajayan Nambiar
98. Isha Oza
99. Alpesh Trivedi
100. Ghanshyamsinh Gohil
101. Hardik Patel
102. Bhavik Patel
103. Harshal Shah
104. Siddharth Patel
105. Vibha Ambani
106. Parth Makwana
107. Smit Dodiya
108. Vishal Kharadi
109. Jay More110. Parag Chitre
111. Harsh Parihar
112. Rakesh Mordani
113. Nikunj Choksi
114. Sukhdevsinh Jadav
115. Alpesh Chauhan
116. Ganpatlal Mali
117. Umang Darji

ManagerManagerManagerManagerManagerManagerManagerManagerManagerManagerManager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager
Assistant Manager

12118. Nevis Khambhati
119. Dhrohit Chauhan
120. Mahesh Prajapati
121. Devika Kedari122. Harshal Gandhi
123. Viralkumar Suthar
124. Arvindkumar Gohil
125. Smit Bhatt
126. Dhara Tailor
127. Dhruvi Trivedi
128. Parth Patel
129. Dhruv Patel
130. Shailesh Thakor
131. Dhrohit Chauhan132. Ranjitsinh Vaghela133. Abhishek Maheta
134. Shreyans Golchha
135. Dhruv Parmar
136. Chintan Suthar
137. Ravi Panara
138. Virendra Shukla
139. Palak Anand
140. Munna Nakum
141. Rikita Raval
142. Ayush Sharma
143. Nikita Khatwani
144. Bharatsinh Rana
145. Ronak Barot
146. Harshil Shah
147. Akash Tomar
148. Piyush Kadavala
149. Chirag Gondaliya
150. Maulik Patel
151. Umang Patel
152. Vishal Chauhan
153. Upen Thakkar
154. Jay Sathavara
155. Gaurav Thakor
156. Hitendra Patel
157. Kavita Gulwani
158. Anjali Mishra
159. Rutva Parekh

Assistant Manager
Assistant Manager
Assistant Manager
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive
Senior Executive

13

160. Jay Mori161. Jitendra Asari162. Pratik Thakar
163. Akshaybharathi Goswami
164. Ankur Patel
165. Shailesh Kumadra
166. Niraj Tilva
167. Bharatsinh Chavda
168. Bharat P Shah
169. Krunal Savaliya
170. Gajendrasinh Vaghela
171. Bikram Arya
172. Kantilal Meghwal
173. Chandrakant R Vaghela174. Kiran R Vaghela
175. Kirti Rathod
176. Tusharsinh Bihola
177. Shaktisinh Rathod
178. Hitesh Thakor
179. Dinesh Thakor
180. Vijay Nalvaya
181. Dilip Gadhavi
182. Khageswar Giri
183. Alpesh Solanki
184. Shailendrasinh Solanki
185. Harpalsinh Rathod

Senior Executive
Executive
Executive
Executive
Executive
Executive
Executive
Executive
Executive
Executive
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff
Support Staff

GIFT Power Company Ltd.

Sr. No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

Full Name
Arvind Rajput
Ketan Pancholi
Prashant Dadheech
Vishwas Sheode
Amit Dalal
Srikanth Jannu
Ramya Pandya
Abhaykumar Chaudhari
Gautamkumar Makavana
Bhavesh Sarvaiya

Designation Grade
Chief Operating Officer
Senior Vice President
General Manager
General Manager
General Manager
Deputy General Manager
Manager
Assistant Manager
Assistant Manager
Assistant Manager

14

11.
12.
13.
14.
15.
16.

Chiragbhai Chaudhary
Raj Suthar
Dipansu Prajapati
Rohitkumar Patel
Dhaval B Vaghela
Jitendra Rathod

Executive
Executive
Executive
Support Staff
Support Staff
Support Staff

15

CHAPTER – X
THE REMUNERATION PAID TO EACH OF ITS OFFICERS AND EMPLOYEESINCLUDING THE POST COMPENSATION AS PROVIDED IN ITS REGULATIONThe Designation-wise pay-scale is as under:
Sr.

Designation

Pay-scale (In Rs.)

No.
1

Managing Director

2

President

3

Senior Vice President

4Vice President

5

Assistant Vice President

6

General Manager

7

Deputy General Manager

8

Senior Manager

9

Manager

10

Assistant Manager

11

Senior Executive

12

Executive

13

Support Staff

Pay-scales
fixed by Board of
Directors of the company

16

CHAPTER – XI
THE BUDGET ALLOCATED TO EACH OF ITS AGENCY, INCLUDING THE
PARTICULARS OF ALL PLANS, PROPOSED EXPENDITURES ANDREPORTS ON DISBURSEMENT MADE
The Company prepares the budget every year. The budget is approved by the
Board and expenditure is incurred based on approved budget.

17

CHAPTER – XII
THE MANNER OF EXECUTION OF SUBSIDY PROGRAMMES, INCLUDING
THE AMOUNTS ALLOCATED AND THE DETAILS OF BENEFICIARIES OF
SUCH PROGRAMMESThe Company is not eligible to any grant/subsidy hence, this Chapter is notapplicable to the Company.

18

CHAPTER – XIIITHE PARTICULARS OF RECIPIENTS OF CONCESSIONS, PERMITS OR
AUTHORIZATIONS GRANTED BY IT
The Company has not received any grant/subsidy hence this clause is notapplicable to the Company.

19

CHAPTER – XIV
THE DETAILS OF INFORMATION AVAILABLE TO OR HELD BY
REDUCED IN AN ELECTRONIC FORM
The details of the organization, Stakeholders, Board of Directors, City Level
Infrastructure, GIFT City Master Plan, GIFT Special Economic Zone andDevelopers/Occupants, Tenders, Media coverage are available on thecompany’s website www.giftgujarat.in

20

CHAPTER – XV
THE PARTICULARS OF FACILITIES AVAILABLE TO CITIZENS FOROBTAINING INFORMATION, INCLUDING WORKING HOURS OF A
LIBRARY OR A READING ROOM, IF MAINTAINED FOR PUBLIC USE
Citizens can contact the Registered Office of the Company for information. Any
citizen can visit the Company’s website for desired information. If the required
information is not available on the website, they may apply for the same, inprescribed format, to the concerned PIO seeking the required information andalso mention his address and e-mail ID. If the required information is available
and can be provided, as per provisions of the RTI Act.

21

CHAPTER – XVI
NAME, DESIGNATION, AND OTHER PARTICULARS OF THE PUBLICINFORMATION OFFICERS

A) Public Information
Officer (PIO)
Designation
Address

Phone No.
EmailB) Appellate Authority
Designation
Address

Phone No.
Email

:
:
:

:
:
:
:
:

:
:

Shri Nisarg Acharya
General Manager
Gujarat International FinanceTec-city Company Ltd.
GIFT House, GIFT City,
Gandhinagar – 382355.
079 – 61708300
nisarg.acharya@giftgujarat.in
Shri Avichal Khera
Senior Vice President
Gujarat International Finance
Tec-City Company Ltd.
GIFT House, GIFT City,
Gandhinagar – 382355.
079 – 61708300
avichal.khera@giftgujarat.in

22

CHAPTER – XVIIOTHER INFORMATION
For any other information and updates, kindly visit the company’s website,www.giftgujarat.inOR
A person who desires to obtain any other information, shall make an application
under Rule 3 of the Gujarat Right to Information Rules, 2010 in Form A (format
provided in the said Rules) in a neatly typed or handwritten application
containing all essential details described in “Form A” along with the feesprescribed in Rule 5(a) or through the e-media to the Public Information Officer.

23