Gujarat is home to many of India’s well-known listed companies on the Indian stock market. More than 500 companies are listed on NSE that are Gujarat-based. The state has a strong presence in the energy, ports, pharmaceuticals, chemicals, engineering, textiles, banking, and consumer products sector. We have to be careful when we say Gujarat-based companies because some companies run their main operations from Gujarat while others only maintain a registered office in the state with management working from Mumbai or another city. For a broader reference, you can also check the Wikipedia list of companies in Gujarat.
Why We Are Listing Gujarat-Based Companies
We are listing Gujarat-based companies because of several important reasons:
- Gujarat has a strong industrial base that supports diverse manufacturing and service sectors
- The state is home to big industrialists like the Adani family who have built global business empires
- Gujarat-based companies are export-focused. Gujarat is the top exporting state of India, exporting more than $100 billion in goods and services, which makes it the leading exporting state of the country
- Companies here take proper advantage of government schemes including state incentives, PLI schemes for pharma and solar, and the central government’s infrastructure push
In this blog post, we will cover notable Gujarat-linked companies whose shares trade on the National Stock Exchange. We will be focusing on larger and widely followed businesses. It does not include every main-board or NSE SME company registered in Gujarat.
Gujarat Energy, Power And Infrastructure Companies Listed On NSE
Ahmedabad is the main centre for Gujarat’s private energy and infrastructure companies. Gandhinagar and Vadodara also host major state-controlled energy businesses. According to the study of 2025, Gujarat leads all Indian states in electricity production, contributing 12.61% to the national energy generation. These companies are not just traditional power generation companies; they are the largest contributors to India’s renewable energy sector with a 16.5% share of the national total renewable energy.
| Company | NSE Symbol | Gujarat Location | Main Business |
|---|---|---|---|
| Adani Enterprises | ADANIENT | Ahmedabad | Infrastructure and new businesses |
| Adani Ports and Special Economic Zone | ADANIPORTS | Ahmedabad | Ports and logistics |
| Adani Power | ADANIPOWER | Ahmedabad | Thermal power generation |
| Adani Green Energy | ADANIGREEN | Ahmedabad | Renewable energy |
| Adani Energy Solutions | ADANIENSOL | Ahmedabad | Power transmission and distribution |
| Adani Total Gas | ATGL | Ahmedabad | City gas distribution |
| Torrent Power | TORNTPOWER | Ahmedabad | Power generation and distribution |
| Gujarat Energy Limited | GUJENERGY | Gandhinagar | Gas distribution and integrated energy |
| Gujarat Industries Power Company | GIPCL | Vadodara | Thermal and renewable power |
| PSP Projects | PSPPROJECT | Ahmedabad | Construction and engineering |
The Adani Group is headquartered in Ahmedabad and operates across ports, electricity, gas, infrastructure, mining, and renewable energy. GIPCL maintains its registered and corporate office in Vadodara. Its shares trade on both NSE and BSE.
Important Update: Gujarat Gas Is Now Gujarat Energy Limited
Older company lists still show Gujarat Gas Limited under the symbol GUJGASLTD. That information is no longer current. The company changed its name to Gujarat Energy Limited, and NSE changed its trading symbol from GUJGASLTD to GUJENERGY from July 1, 2026. The restructuring also includes the merger of Gujarat State Petronet and other GSPC Group businesses into the company. The gas transmission business moves into GSPL Transmission Limited. This makes older lists that show Gujarat Gas and GSPL as separate current companies potentially misleading.
Gujarat Pharmaceutical And Healthcare Companies Listed On NSE
Gujarat has a large pharmaceutical manufacturing base. Ahmedabad and Vadodara host several companies with domestic and international operations. The state’s dominance in this sector is remarkable:
- Gujarat contributes around 30-33% of India’s total pharma production, which is massive for one state
- The state accounts for about 28% of India’s pharma exports
- Gujarat has over 4,000 allopathic drugs manufacturing units, and in 2025 the state approved 183 new plants
- The state accounts for 53% of India’s medical devices manufacturing and a whopping 78% of cardiac stents manufacturing
| Company | NSE Symbol | Gujarat Location | Main Business |
|---|---|---|---|
| Torrent Pharmaceuticals | TORNTPHARM | Ahmedabad | Branded and generic medicines |
| Zydus Lifesciences | ZYDUSLIFE | Ahmedabad | Pharmaceuticals and vaccines |
| Zydus Wellness | ZYDUSWELL | Ahmedabad | Consumer health products |
| Alembic Pharmaceuticals | APLLTD | Vadodara | Generic medicines and APIs |
| Eris Lifesciences | ERIS | Ahmedabad | Branded medicines |
| Dishman Carbogen Amcis | DCAL | Ahmedabad | Pharmaceutical research and manufacturing |
| Sun Pharmaceutical Industries | SUNPHARMA | Vadodara (registered office) | Pharmaceuticals |
Alembic Pharmaceuticals trades under APLLTD. The symbol ALEMBICLTD belongs to Alembic Limited, which is a separate company. NSE’s equity records identify Alembic Pharmaceuticals under APLLTD. Sun Pharma has its registered office in Vadodara. However, its corporate office is in Mumbai. It is therefore more accurate to call Sun Pharma a Gujarat-registered company rather than a company fully headquartered in Gujarat.
Gujarat Chemical, Fertilizer And Mining Companies
Vadodara is a major centre for chemicals and fertilizers. Gujarat’s dominance in this sector is absolute:
- The state is responsible for 53% of India’s chemical production, which is more than half the country’s output
- Gujarat has a massive 62% share of India’s petrochemical production, which is not just leadership but absolute dominance
- Gujarat is the largest fertilizer producing state in India, contributing 14% of national fertilizer production
- Over 25% of phosphatic and nitrogenous fertilizers come from Gujarat
- More than 14% of the total fertilizer factories in India are located here
| Company | NSE Symbol | Gujarat Location | Main Business |
|---|---|---|---|
| Deepak Nitrite | DEEPAKNTR | Vadodara | Chemical intermediates |
| Atul Limited | ATUL | Valsad | Specialty chemicals |
| Acutaas Chemicals | ACUTAAS | Surat | Pharmaceutical intermediates and specialty chemicals |
| Gujarat Alkalies and Chemicals | GUJALKALI | Vadodara | Industrial chemicals |
| Gujarat State Fertilizers and Chemicals | GSFC | Vadodara | Fertilizers and chemicals |
| Gujarat Narmada Valley Fertilizers and Chemicals | GNFC | Bharuch | Fertilizers and industrial chemicals |
| Gujarat Mineral Development Corporation | GMDCLTD | Ahmedabad | Mining and minerals |
| Meghmani Organics | MOL | Ahmedabad | Pigments and agrochemicals |
| Meghmani Finechem | MFL | Ahmedabad | Chlor-alkali and specialty chemicals |
| Bodal Chemicals | BODALCHEM | Ahmedabad | Dyes and chemical intermediates |
| Tatva Chintan Pharma Chem | TATVA | Vadodara | Specialty chemicals |
| Kiri Industries | KIRIINDUS | Ahmedabad | Dyes and intermediates |
Important Update: Ami Organics Is Now Acutaas Chemicals
Investors may still find Ami Organics and the symbol AMIORG in older articles. The company now operates as Acutaas Chemicals Limited, with the NSE symbol ACUTAAS. Its registered manufacturing base remains in Surat. This change was effective from June 2, 2025.
Gujarat Engineering And Manufacturing Companies
Gujarat has listed companies that supply industrial equipment, automobile components, pipes, ceramics, minerals, and precision machinery. The state’s manufacturing strength is evident from these numbers:
- Gujarat contributes over 16-17% of India’s total manufacturing output
- The state has the highest share of manufacturing gross value added in India at 18.6%. The top three states combined have 43.2% of India’s manufacturing GVA
- Gujarat has 33,311 registered factories, putting the state at number two in India
- The state is responsible for about 20% of India’s total exports across all sectors
- Rajkot alone has around 250 investment casting units, making it one of the country’s largest clusters for the sector
| Company | NSE Symbol | Gujarat Location | Main Business |
|---|---|---|---|
| AIA Engineering | AIAENG | Ahmedabad | Grinding equipment and industrial castings |
| Elecon Engineering | ELECON | Anand | Industrial gears and material-handling equipment |
| Banco Products India | BANCOINDIA | Vadodara | Engine cooling systems and gaskets |
| Ratnamani Metals and Tubes | RATNAMANI | Ahmedabad | Stainless steel and carbon steel pipes |
| Astral Limited | ASTRAL | Ahmedabad | Pipes, tanks, adhesives and building products |
| Cera Sanitaryware | CERA | Ahmedabad | Sanitaryware and building products |
| Jyoti CNC Automation | JYOTICNC | Rajkot | CNC machines |
| Rolex Rings | ROLEXRINGS | Rajkot | Forged and machined automobile components |
| Shaily Engineering Plastics | SHAILY | Vadodara | Precision plastic components |
| The Anup Engineering | ANUP | Ahmedabad | Industrial process equipment |
| 20 Microns | 20MICRONS | Vadodara | Industrial minerals |
| Gujarat Apollo Industries | GUJAPOLLO | Ahmedabad | Road construction equipment |
These companies give investors exposure to different parts of Gujarat’s manufacturing economy. Their customers often come from automobiles, construction, energy, exports, chemicals, and industrial equipment.
Gujarat Textile, Food And Agricultural Companies
Ahmedabad has a long history as a textile centre. What Gujarat has done with food processing, dairy and agriculture over the last two decades is remarkable:
- Gujarat has been India’s second largest textile exporter for five years straight
- The state produced a record 90.57 lakh cotton bales in 2023-24, and this number can increase in 2026
- Gujarat contributes a substantial 30% of India’s total cotton textile exports
- In the last 20 years, Gujarat’s cotton production has grown by a staggering 696%. Production rose from 11.6 lakh bales to 92.48 lakh bales, while productivity improved from 122 kg per hectare to 586 kg per hectare
- Gujarat has consistently outperformed the national average in milk production growth. Milk production increased by 212% from 2001-02 to 2023-24
| Company | NSE Symbol | Gujarat Location | Main Business |
|---|---|---|---|
| Arvind Limited | ARVIND | Ahmedabad | Textiles and advanced materials |
| Nandan Denim | NDL | Ahmedabad | Denim manufacturing |
| Aarvee Denims and Exports | AARVEEDEN | Ahmedabad | Denim and textiles |
| Gujarat Ambuja Exports | GAEL | Ahmedabad | Agro-processing and maize products |
| Vadilal Industries | VADILALIND | Ahmedabad | Ice cream and processed food |
| Gokul Agro Resources | GOKULAGRO | Ahmedabad | Edible oils and agro-products |
Investors should not assume that every major private Gujarat company trades on NSE. Several well-known Gujarat businesses remain privately owned or may trade only on another exchange.
What Investors Should Check Before Using Any Gujarat Stock List
Company names and symbols can change after mergers, demergers, and restructuring. Gujarat Energy and Acutaas Chemicals are recent examples. Investors should confirm four details before relying on a list:
- The company still trades actively on NSE
- The NSE symbol has not changed
- The company has not merged or demerged
- The Gujarat address represents a real headquarters or operating base, not only a legal registered office
The official NSE securities list remains the best starting point for checking whether a company currently trades on the exchange. Company filings can then confirm its registered and corporate addresses. This list is for general information. It does not rank these companies or recommend any stock.
Conclusion
Gujarat continues to be a powerhouse in India’s industrial and economic landscape, hosting over 500 companies on the National Stock Exchange across energy, pharmaceuticals, chemicals, engineering, textiles, and other key sectors. From the Adani Group’s infrastructure empire and Torrent Power’s energy network to pharmaceutical giants like Zydus and Torrent Pharma, the state offers diverse investment opportunities. However, investors must remain vigilant about corporate actions such as name changes, mergers, and demergers that can affect stock symbols and company identities. The recent transformations of Gujarat Gas to Gujarat Energy Limited and Ami Organics to Acutaas Chemicals serve as important reminders to verify current trading symbols and company addresses before making investment decisions.
Frequently Asked Questions
Q1. How many Gujarat-based companies are listed on NSE?
A1. More than 500 companies are listed on NSE that are Gujarat-based, covering sectors like energy, pharma, chemicals, engineering, textiles, and banking.
Q2. Why did Gujarat Gas Limited change its name to Gujarat Energy Limited?
A2. The company changed its name to Gujarat Energy Limited as part of a restructuring that also includes the merger of Gujarat State Petronet and other GSPC Group businesses. The NSE symbol changed from GUJGASLTD to GUJENERGY from July 1, 2026.
Q3. What happened to Ami Organics Limited?
A3. Ami Organics Limited is now Acutaas Chemicals Limited, with the NSE symbol ACUTAAS. The change was effective from June 2, 2025. Its registered manufacturing base remains in Surat.
Q4. Is Sun Pharmaceutical Industries a Gujarat-based company?
A4. Sun Pharma has its registered office in Vadodara, but its corporate office is in Mumbai. It is more accurate to call it a Gujarat-registered company rather than a company fully headquartered in Gujarat.
Q5. What should investors check before relying on a Gujarat stock list?
A5. Investors should confirm that the company still trades actively on NSE, the NSE symbol has not changed, the company has not merged or demerged, and the Gujarat address represents a real headquarters or operating base.