The Cambay rift basin (CRB) is an intracratonic rift in the western part of India. The basin assumes great importance in petroleum exploration owing to the presence of thick hydrocarbon bearing sedimentary rocks. Previous investigations using deep seismic soundings (DSS), gravity and heat flow data reveal that the CRB is characterised by a thin crust, high heat flow and high density lower crust. In this study, a detailed crustal structure of the basin is presented by performing a 2.5D density modelling of the EIGEN-6C4 gravity data. Present study attempt to find a plausible explanation for the variation in the Bouguer anomaly (BA) values from +20 to −50 mGal within the basin. It refined the crustal model that is constrained using results from radial average power spectrum (RAPS) analysis of gravity data along with previous seismological and geophysical studies, which reveals that the values of average sedimentary and Deccan Traps thickness are in the order of 4–5 and 1.5–3 km, respectively, along the rift. It also presents possible evidences for a high density underplated layer of thickness 7–15 km along the central part of the CRB. To study the deep-seated features, upward continuation of the BA is carried out at heights of 30, 40 and 50 km. The extension of underplating layer is noticed in the present crustal model and in the upward continued BA in the western part, while it merges with the Moho in eastern part of the CRB. The Moho depths, varying from 31 to 37 km, are found to be shallower inside the CRB than the surroundings. It is inferred that the high BA values in the basin are due to the combined effect of the high density underplated layer in the lower crust and a shallow Moho.