Gokul Refoils and Solvent Ltd (GRSL) Company Profile: Products, Promoters and Clients

Gokul Refoils and Solvent Ltd (GRSL) Company 

Founded in 1992, Gokul Refoils and Solvent Ltd (GRSL) is involved in trading oil seeds, edible and non-edible oils, agro commodities, and providing related services.

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Q1.What are the Products and Service offerings of the Gokul Refoils and Solvent?

GRSL, part of the Gokul Group, is one of the top three manufacturers and exporters of castor derivatives in India. The company specializes in producing edible oils and industrial oils, including castor oil. They handle seed processing, solvent extraction, and oil refining through their subsidiary, Gokul Agri International Limited. 

Their production facility is located in Sidhpur, Gujarat, where they process various oils like Kachi Ghani, mustard, groundnut, refined cottonseed, refined soybean, palmolein, and castor oil. GRSL also trades agro commodities, including spices, in both domestic and international markets.

Product Profile

  • Edible Oils: The group produces a variety of edible oils, including groundnut, mustard, Kachi Ghani, refined cottonseed, refined soybean, palm oil, and refined sunflower oil.
  • Castor Oil: Castor oil and its derivatives are used in making soaps, lubricants, hydraulic and brake fluids, paints, dyes, coatings, inks, cold-resistant plastics, waxes, polishes, nylon, pharmaceuticals, and perfumes. The company primarily exports castor oil.
  • Organic Fertilizer: Gokul offers a range of organic manures and fertilizers, ideal for vegetables, high-value crops, tea, coffee, spices, fruits, and horticulture crops. These fertilizers are FCO and Ecocert approved for the domestic market.

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Production Capacity

Gokul Group has a solvent extraction capacity of 1,000 tonnes per day and a refinery capacity of about 600 tonnes per day.

Q2.Who are the Promoters of the Gokul Refoils and Solvent?

Mr. Balvantsinh Rajput, is the Promoter of Gokul Refoils & Solvent LimitedHe started his career in the year 1982 by setting up an oil mill of 50 TTD capacities. Later in the year 1992 he laid the foundation of our Company. Mr. Balvantsinh Rajput articulated, designed and implemented the growth story of our Company. 

He has about 3 decades of experience in edible oil industry. He is involved in overall management, forming business strategy and implementing Global strategic initiatives of the Company. Under the stewardship of Mr. Balvanntsinh Rajput, the company has achieved the sustained growth over the years. He is also associated with various Trade Associations.

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Managing Director

Mr.Dharmendrasinh Rajput, is a Managing Director of the Company. He has done BE (Mechanical) from Shrinivas Institute of Technology. He is looking after Global business development strategic activities of the Company and overall responsibilities of India & World operational and Planning Strategy management of the Company as whole. He is actively involved in overall responsibilities of Strategic Management of the Company.

Q3.Who are the Clients of the Gokul Refoils and Solvent?

The company serves customers across 13 states in India through 23 carrying and forwarding agents, 160 distributors, one depot, and around 55,000 retailers.

Revenue Breakup for FY23

  • Sale of Edible Oils: 53%
  • Interest from Partnership Firm: 16%
  • Interest on Loans and Advances: 15%
  • Net Gain on Sale of Investments: 7%
  • Other Non-Operating Income: 9%

Geographical Revenue Split for FY23

  • Exports: 29%
  • Domestic: 71%

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