GIFT City, Gandhinagar
Ahmedabad: Fund management registrations at GIFT IFSC have risen nearly five-fold in four years, from 45 in March 2022 to 217 in March 2026, according to data by Union finance ministry. Overall registrations and authorisations granted by the International Financial Services Centres Authority (IFSCA) rose from 110 in March 2021 to 1,193 by March 2026. The segment has expanded rapidly as GIFT IFSC has built a wider financial services ecosystem.
As of March 31, 2026, GIFT IFSC had 652 entities, including 487 domestic and 165 foreign entities. The govt has attributed the expansion to regulatory and policy measures introduced over the past five years.
The finance ministry said the expansion of GIFT IFSC was helping bring financial services onshore, attract domestic and international financial institutions, deepen capital markets and facilitate cross-border financial transactions. These include establishing IFSCA as a unified statutory regulator and introducing newer financial products and services, including aircraft and ship leasing and global in-house centres.