Subsidiaries and Group Companies

1. Gandhi Nagar Railway and Urban Development Corporation (GARUD)

Gandhinagar Railway Urban Development Company (GARUD) GARUD, a joint venture company was incorporated on 5th January 2017 with equity participation by IRSDC and Gujarat Infrastructure Development Board (GIDB) (nominee of Government of Gujarat) in the ratio of 26:74 respectively. The main objects of GARUD is to carry on the project for re-development, financing, planning, operations and management, implementation of Gandhinagar Railway Station redevelopment project including development of Hotel above Railway track/ station by leveraging land, air space and other infrastructure available around the Gandhinagar Railway Station and also to undertake operations, maintenance, management of Mahatma Mandir and Exhibition Centre at Gandhinagar.

2. Surat Integrated Transportation Development Corporation Limited (SITCO)

Surat Integrated Transportation Development Corporation Limited (SITCO) was incorporated on 17th October, 2017 with equity participation by Indian Railway Stations Development Corporation Limited (IRSDC), Gujarat State Road Transport Corporation (GSRTC) and Surat Municipal Corporation (SMC) in the ratio of 63:34:3 respectively. The main object of SITCO is to develop/ re-develop an international standard integrated Multi Modal Transportation Hub which shall integrate all public transportation modes such as city bus, bus rapid transportation system, state regional bus service, metro rail, railways and intermediate public transportation modes such as auto rickshaw and taxis consisting of upgrading the level of passenger amenities by new constructions/renovations including redevelopment of the station buildings, platform surfaces, circulating area, etc., to better standards so as to serve the need of the passengers.