Brief overview of Gift IFSC ecosystem

GIFT City is a global financial and technology hub that offers single-window clearances and approvals under one umbrella. It provides a plug-and-play infrastructure for businesses seeking unparalleled accelerated growth.

THE FISCAL FRAMEWORK

GIFT City IFSC offers one of the most competitive aviation leasing tax environments globally. The framework is designed to attract aircraft ownership, financing, and leasing activities by combining regulatory certainty with long-term fiscal incentives.

01

20-Year Tax Holiday

Income tax holiday available for 20 years within a 25-year block, extended under Union Budget 2026 to align with the economic life of aircraft assets.

02

15% Corporate Tax Rate

Post-holiday corporate tax rate of 15% (excluding surcharge and cess), comparable with leading global aviation leasing jurisdictions.

03

Zero Withholding Tax

No withholding tax on lease rentals paid by Indian lessees to IFSC lessors during the tax holiday period.

04

Reduced GST

GST capped at 5% and fully creditable, compared with the standard 18% structure, helping operators reduce effective costs

01

20-Year Tax Holiday

Income tax holiday available for 20 years within a 25-year block, extended under Union Budget 2026 to align with the economic life of aircraft assets.

Certificate of Registration

View Certificate

Business of the entity

To carry on the business of operating leases and sub-leases for aircraft, including wet leasing, dry leasing, ACMI (Aircraft, Crew, Maintenance and Insurance) arrangements, sale and leaseback transactions, novation, transfer, assignment, securitisation, asset management, aircraft delivery and redelivery, pre-purchase inspections, fleet technical management, aircraft valuation, aircraft-related consultancy, and the development of systems and technology to support aircraft leasing, asset management, and related transactions, as well as any hybrid leasing structures permitted under applicable law, in accordance with the International Financial Services Centres Authority Act, 2019, as may be amended from time to time.

Grievance Redressal Procedure

What is a Grievance?
A grievance refers to any complaint, concern, or feedback regarding services, policies, or practices.
 
Grievance Redressal Procedure
  1. Submission: Submit your grievance via email.
  2. Acknowledgement: We acknowledge within 48 hours.
  3. Review & Assessment: The matter is reviewed by the Grievance Redressal Officer.
  4. Investigation: Internal assessment is conducted.
  5. Resolution: Response provided within 15–30 working days.
  6. Escalation: If unsatisfied, request escalation to senior management.
Contact Details – Grievance Redressal Officer
 
Name: Narayana Raghavendra
Designation: Director / Grievance Redressal Officer
Email: secretarial@embassygroup.com
 
Office Address:
Elevation Aviation IFSC Private Limited
Shilp Incubation Centre, No. SI-M-1014, Block 11,, Gandhi Nagar, Gujarat 382050

Name Designation and Contact Details

Prasad Turamari

Narayana Raghavendra

Name of the Company – Elevation Aviation IFSC Private Limited

CIN – U64990GJ2026PTC172435

Registration- FCO2026ARL1084

Registered Office – Shilp Incubation Centre,

No. SI-M-1014, Block 11,, Gandhi Nagar, Gujarat 382050

Email – Secretarial@embassygroup.com

Phone no.-08041799999