Vedanta Incorporates Wholly Owned Subsidiary in GIFT City, Gujarat to Strengthen Global Treasury Operations

Vedanta Limited announced through an exchange filing that it has incorporated a wholly owned subsidiary, Vedanta Finance IFSC Limited, in the International Financial Services Centre (IFSC) at GIFT City, Gandhinagar, Gujarat.

The new entity has been established to support Vedanta’s broader financial objectives. According to the company, the incorporation aligns with its commitment to financial excellence, capital efficiency, and optimized treasury operations, including improved funding costs and enhanced liquidity management.

“The proposed subsidiary will act as a financial conduit for treasury and capital market activities, enabling Vedanta to unlock efficiencies and strengthen its financial architecture in a globally competitive environment,” the company stated. The subscribed capital of the subsidiary is INR 2 crore.

Vedanta’s move mirrors a wider trend of Indian corporates leveraging GIFT City for advanced financial operations. Public sector enterprises such as NMDC Limited and GAIL (India) Limited have set up subsidiaries in the IFSC to enhance treasury capabilities and streamline global financial transactions. Large private-sector groups, including the Aditya Birla Group, have also expanded their presence in GIFT City. Major global banks and financial institutions continue to establish units there, attracted by favourable tax incentives, simplified regulatory norms, and a rapidly developing international financial ecosystem.

The incorporation also aligns with the Government of India’s vision to position GIFT City as a premier international financial hub, offering companies access to world-class financial infrastructure and direct engagement with global investors for project financing.

According to the latest annual report of the International Financial Services Centers Authority (IFSCA), the regulator has authorized or licensed 864 entities across 35 business segments. Regulated entities in GIFT IFSC facilitated inward capital flows of nearly USD 50 billion into India, including USD 20 billion in FY 2024–25, underscoring the centre’s growing importance in India’s financial landscape.