The present invention provides catalyst comprising metal modified zeolite, particularly Group IIIA or Group IIB metal modified zeolite, or a Group IIIA metal and Group IIB metal modified zeolite for reforming of heart cut naphtha stream. The present disclosure also relates to a process for synthesis of the catalyst. The present disclosure further relates to a process for reforming of heart cut naphtha stream, with high selectivity towards aromatics and good activity using the catalytic system, in the absence of hydrogen.