GMCBL was incorporated under the provisions of the Companies Act, 2013 on 5 th September 2017 as a Special Purpose Vehicle with the joint collaboration of GMDA (50%), MCG (40%) and Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) (10%) with the objective to set up, manage, operate a city bus transport system in Gurugram metropolitan area as declared under section 3 of Gurugram Metropolitan Development Authority Act, 2017.