GAIL (India) Limited, a public sector natural gas company, has launched a wholly owned subsdiary GAIL Global IFSC Limited. The entity will be a wholly owned subsidiary of GIFT City based at IFSC. GAIL Global IFSC Limited was incorporated on April 07, 2025.

The new subsidiary has been created with an authorised share capital of Rs. 17 crore and a paid-up capital of Rs. 8.5 crore. GAIL holds 100% ownership in the company by subscribing to shares issued at a face value of Rs. 10 each, making it a fully owned arm of the parent company.

This subsidiary was incorporated after approval from the Ministry of Petroleum and Natural Gas as well as clearance from the Department of Investment and Public Asset Management (DIPAM) on March 13, 2025.

GAIL Global IFSC Limited will operate as a financial services company in IFSC and is also expected to manage global and regional corporate treasury centre operations. GAIL will also enter into ship leasing business through the subsidiary, which is a shift in strategy for the firm from its energy and gas infrastructure business.

Aiming to strengthen its foothold in the global financial services sector and to optimise treasury functions in a tax-efficient environment, GAIL will be part of GIFT City’s financial ecosystem. The move into ship leasing and treasury operations is expected to generate new revenue streams while also serving its energy logistics business, the company has said.