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. The segment has expanded rapidly as GIFT IFSC has built a wider financial services ecosystem. 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.Fund management entities increased from 45 in March 2022 to 65 in March 2023. The number crossed 100 in March 2024, reaching 104. It then rose to 162 in March 2025 and 217 in March 2026.The growth has coincided with an expansion across other financial services at GIFT IFSC. Banking units increased from 15 in March 2021 to 37 by March 2026. Insurance entities rose from 18 to 70 during the same period.
GIFT
The broadest category, covering market infrastructure institutions, fintech companies and finance companies, recorded the largest numerical increase. Registrations in this segment rose from 77 in March 2021 to 869 in March 2026.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. 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.The govt has also provided tax benefits to IFSC units, delegated certain powers of the development commissioner under the Special Economic Zones Act to IFSCA and facilitated a single window IT system for IFSC units.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.
