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Gujarat State Financial Corporation Limited
Sector:Financial Services Financial Services - NBFC - Large
BSE:532160NSE:GUJSTATFINBloomberg:GSF@INReuters:GSFN.BO
Market Lot: 1Face Value: 10ISIN Demat: INE944A01011
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11-Feb-2015
Business Profile
Gujarat State Financial Corporation (GSTFNCO), established on May 01, 1961, has been established as a state level development financial institution to provide a comprehensive array of financial services to entrepreneurs who set up industrial units in the small scale sector of Gujarat.

The corporation has financed over 47,330 units and disbursed approximately Rs 33,000 million till date, generating employment for over 600,000 people. It has discontinued lending and disbursement, which were its main business activities. Accumulating losses, it has more than 4,000 units under doubtful category of non performing assets scattered in the state of Gujarat and is solely dependent on recovery of dues.

The registered office is located at Sector-11, GH 4 Udyog Bhavan, 1st Floor, Block No 10, Gandhinagar-382017, Gujarat.


Financials
The company announced fall of 31.60% in standalone net profit on y-o-y basis to Rs 360.80 million, while total income fell 97.27% y-o-y basis to Rs 2.63 million for the quarter ended December 2014.

In Brief

 
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