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Vadodara, also known as Baroda, is the third-largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, 141 kilometres (88 mi) from the state capital of Gandhinagar. The railway line and National Highway 8, which connect Delhi with Mumbai, pass through Vadodara. The city is named for its abundance of the Banyan (Vad) tree. Vadodara is also locally referred to as the Sanskari Nagari and Kala Nagari of India.

The city is prominent for landmarks such as the Laxmi Vilas Palace, which served as the residence of the Maratha royal Gaekwad dynasty that ruled over Baroda State. It is also the home of the Maharaja Sayajirao University of Baroda.

In Vadodara various large-scale industries such as Indian Oil Corporation(IOCL), Gujarat State Fertilizers & Chemicals (GSFC), Vadodara Manufacturing Division(VMD)(Formerly IPCL) of Reliance Industries Limited, Linde Engineering India, L&T and Gujarat Alkalies and Chemicals Limited (GACL) have come up in the vicinity of Gujarat Refinery and all of them are dependent on it for their fuel and feedstock.

Other large-scale public sector units are Heavy Water Project, Gujarat Industries Power Company Limited (GIPCL), Oil and Natural Gas Corporation (ONGC) & Gas Authority of India Limited (GAIL). In addition to these public sector enterprises, a number of other large-scale enterprises have come up in the private sector such as Avalanch Global Solutions, Bombardier Transportation.

Located in Vadodara are over 35% of India’s power transmission and distribution equipment manufacturers and an estimated 800 ancillaries supporting the big players in Power Sector equipment manufacturing and engineering industry. Great city Vadodara is also home to the Vadodara Stock Exchange (VSE).

The revenue for the city is generated through taxes, service provision, and state government assistance. The taxes include general taxes, conservancy taxes, water taxes whereas the non-tax or service can be water charges, rent from municipal properties, public service charges, etc. The VMC budget for the year 2020–2021 against the proposed budget of Rs 3,554 crore last year, stood at Rs 3,770 crore this year.