
Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.Business Overview: GSFC was created under the State Financial Corporation Act, 1951 passed by Parliament, with an objective to provide financial assistance to small and medium scale new/existing industrial and...
Gujarat State Financial Corporation has updated its Board of Directors. Small Industries Development Bank of India (SIDBI) nominated Shri Abhay Kumar Jain, Deputy General Manager of its Ahmedabad Branch, as a Director. He replaces Shri Dinesh Kumar, who has ceased to be a Director. Shri Jain brings 19 years of...
Gujarat State Financial Corporation has announced the publication of its financial results for the quarter. After its Board reviewed and approved these results, the company proceeded to publish key extracts in financial newspapers. This ensures that the financial performance data is readily available to the public, providing essential transparency for...
Gujarat State Financial Corporation's Board approved Q1 financial results, reporting a net loss of ₹19.68 Cr. Auditors raised significant concerns about the company's 'going concern' status due to eroded net worth and defaults. The board also ceased accruing interest on a government loan.