About ZGDI

Korean engineering,
Indian execution.

Zeit Green Development India Pvt. Ltd. (ZGDI) is the renewable energy developer of GS Engineering & Construction (KRX 006360). Established April 2023 and 100% owned by GS E&C, we develop, build, own and operate solar, wind, hybrid and battery storage assets across India — anchored by Korean group customers and the GS E&C balance sheet.

0.00 MW
MW operating SECI-IV Rajasthan
420 MW + Solar Park 1 12.75 MW
0 MW
MW under construction
Solar Park 2 + Solar+ Wind Park
0 MW
Wind repowering pipeline
Under development
0 MW
GS E&C project sites
Across 25 countries - 200+ completed projects

Meet the Leadership

US

Umakant Shende

CEO / Managing Director

36+ yrs (16+ in renewables)

Leads ZGDI's India strategy and execution. Founded the platform with GS E&C in April 2023; today operates 432.75 MW with 81 MW under construction.

RD

Rahul Deshpande

Chief Operating Officer

26+ yrs (25+ in Wind)

Runs project operations across solar and wind. Deep wind operating experience covering Wind Park 2 and the broader 500 MW repowering pipeline.

MK

Minsung Kang

Head of Development

14+ yrs in project management / development

Project development across the ZGDI pipeline — including the SECI-IV co-investment, Solar Park 1 & 2, the Solar+Wind Park, and the 500 MW wind repowering portfolio.

Our parent

Backed by GS Engineering & Construction.

GS E&C is the engineering and construction arm of South Korea's GS Group (8th-largest asset-holder in Korea, $61B in assets). Listed on KRX as 006360 with $12.3B in total assets and $8.9B in 2024 sales, GS E&C has delivered 200+ projects across 25 countries. Rated 'A' for six consecutive years by the Korea Institute of Corporate Governance & Sustainability.

$12.3B
Total assets (2024)
$8.9B
Annual sales
200+
Projects across 25 countries
KRX:006360
Listed equity
How we operate

Three principles. One operating model.

01

Customer-first commercial

C&I captive supply structured around the Indian operations of Korean industrial groups and select Indian off-takers — long-term contracts the GS E&C balance sheet stands behind.

02

Engineered to GS E&C standard

Every project — site selection, EPC, commissioning, O&M — runs the internal GS E&C playbook. 'A' rating from KCGS for six consecutive years.

03

100% subsidiary deployment

Wholly owned by GS E&C with $12.3B in parent assets behind every PPA. No dilution rounds, no portfolio churn.

From parent to platform

From Korean infrastructure roots to a Pune-headquartered renewable developer.

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Lucky Chemical Industry founded

The historical root of the GS lineage (also parent of LG).

1947

GS Group incorporated

Korea's 8th-largest asset-holding group ($61B assets, $71B sales, 30,600 employees), incorporated when GS spun off from LG.

2005
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Co-investment in SECI-IV

GS E&C co-invests with ReNew in the 420 MW SECI-IV solar park in Rajasthan.

2019

SECI-IV begins operations

First operating renewable asset in the eventual ZGDI portfolio.

Sep 2021
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ZGDI incorporated

Zeit Green Development India Pvt. Ltd. — 100% owned by GS E&C.

Apr 2023

Solar Park 1 commissioned

12.75 MW operating in Maharashtra — ZGDI's first wholly-owned solar park.

Jan 2026
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Solar Park 2 & Solar+Wind Park go live

Solar Park 2 (16.6 MW) and the 64.4 MW Solar+Wind Park reach commercial operation.

May 2026

Utility scale + spinoff

ITMO carbon credits, green hydrogen, and a planned ZGDI spinoff per the GS E&C long-term roadmap.

2030
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Pune and Seoul.
One operating spine.

ZGDI operates from Pune, with parent governance, capital and risk oversight from GS E&C in Seoul.

Seoul

Parent HQ: Seoul

GS Engineering & Construction — corporate, governance, capital, KRX listing

Pune

ZGDI HQ: Pune

Pyramid Axis, 512, Baner — commercial, development, project finance, operations

How we work

Four operating principles. Non-negotiable.

Build to GS E&C standard

Single-line drawings, BoQ rigor, commissioning protocols — to the same internal standard GS E&C applies in plant, infra and architecture across 25 countries.

Korean roots, Indian execution

Korean engineering DNA, Indian project teams. Two cultures of discipline meeting on the same drawing board.

Underwrite, don't oversell

Numbers in our proposals are bankable. If we don't believe in a tariff or a P50, we won't quote it.

Customer-first off-take

C&I captive supply, structured around the customer's load and timeline — long-term contracts rather than merchant exposure.

We don't chase tariffs. We build assets the GS E&C balance sheet can stand behind for twenty-five years — and we contract them to Korean groups operating in India, customer-first.
US
Umakant Shende
CEO / Managing Director, ZGDI · 36+ years (16+ in renewables)
Office of the MD
US
Umakant Shende
CEO / Managing Director, ZGDI · 36+ years (16+ in renewables)
Portrait to follow

Ready to put a clean MW onyour balance sheet?

Share your annual consumption and site location. We'll come back in 72 hours with a structured proposal — PPA, sizing, and timeline.