The central Aravalli-Banded Gneissic Complex in NW India is an Archean nucleus that was extensively reworked during the late Paleo- to Neoproterozoic. New results of combined zircon U-Pb-Hf isotopes and whole-rock geochemical data reveal that the basement was affected by felsic magmatism during the Neoarchean and Paleoproterozoic, followed by a passive margin stage. The results provide evidence for coeval emplacement of sanukitoids and TTGs at ca. 2540 Ma, and for granitoid magmatism at ca. 1875 Ma. Similar REE patterns of the synchronous sanukitoids and TTGs, coupled with high SiO2 contents (59.2–70.9 wt%), subchondritic εHf2.55 Ga values (−5.0 to −2.6) and Hf-model ages (3246–3123 Ma) of the Masuda sanukitoids indicate that the sanukitoid magmas were formed mainly by interaction of TTG magmas (generated by the melting of subducted Paleo- to Mesoarchean oceanic crust) with the overlying enriched peridotite. The calc-alkalic and magnesian compositions, enrichment in LREE and LILE along with pronounced depletion in HFSE (Nb, P and Ti) in ca. 1875 Ma granitoid gneisses imply subduction-related magmatism during Paleoproterozoic. The predominance of subchondritic εHf1.87 Ga values, ranging from −4.4 to +1.7, suggests that the parental magmas mainly resulted from the reworking of heterogeneous Meso- to Neoarchean felsic crust. Age-Hf isotope data of detrital zircon grains provide evidence that clastic sedimentary rocks covering the central Aravalli basement were deposited in a passive margin setting at < 1730 Ma, and the detritus was mainly sourced from adjoining Neoarchean and Paleoproterozoic granitoids. Comparison of our new data with other Indian and worldwide cratons indicate that the Aravalli orogen represents a unique terrane, where the Neoarchean TTGs and sanukitoids with subchondritic Hf isotopic signatures were emplaced nearly coeval in a close spatial relationship. The Aravalli Archean basement was subsequently reconfigured by voluminous felsic magmatism during Paleoproterozoic at 1875–1810 Ma. Furthermore, the compiled zircon U-Pb age and Hf-Nd isotope data for the late Paleoproterozoic subduction-related magmatic rocks provide evidence for substantial crustal reworking during assembly of the Columbia supercontinent.