Gandhinagar, Feb. 14 -- The Gujarat government has appointed industrialist and banker Uday Suresh Kotak as Chairman of Gujarat International Finance Tec-City Company Limited (GIFT City Co. Ltd.), according to an official resolution issued by the Urban Development and Urban Housing Department.

The appointment was made through a government resolution dated February 13, 2026.

Kotak replaces Hasmukh Adhia, IAS (Retd.), who had been serving as Non-Executive Chairman of the Board of Directors of Gujarat International Finance Tec-City Company Limited since June 19, 2023.

"The Government of Gujarat hereby appoints Shri Uday Suresh Kotak as Chairman of Gujarat International Finance Tec-City Co. Ltd., vice Dr. Hasmukh Adhia with immediate effect...