Due to introduction of new fishing vessels into Indian waters, the fish catch is decreasing day by day. Fishermen spend more money for fishing; however, the profit they get is very low. The present study was envisaged to know the overall fish catch composition of gillnetters operating from Jaleshwar village; Veraval (Dist. Junagadh), Gujarat and the economic viability of gillnet fishing. There were total 160 Out board engine (OBM) gillnetters in Jaleshwar, out of which 60 were active in fishing. The major fish caught by OBM gillnetters was Indian mackerel (41.62% of total catch). The productive month for OBM gillnetters was September, which contributed (11.22%) of total catch during the study period. Pelagic fish group had maximum representation with (87.83%) of total catch during the duration of the study. The maximum revenue was fetched by Silver pomfret, with (35.24%) share of the total revenue generated during the study period. Month wise, August was the most productive monthin terms of revenue generation (17.38%) for OBM gillnetters.