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Gokul Refoils & Solvent Ltd. Company History and Annual Growth Details

Our Company was incorporated on December 29, 1992 as Gokul Refoils and Solvent Private Limited
vide Registration No. 04-18745 under the Companies Act, 1956. Subsequently it was converted into a
public limited company vide special resolution passed at the Extra Ordinary General Meeting of the
Company held on May 2, 1994, pursuant to which, we received a fresh certificate of incorporation
dated July 1, 1994 by the Registrar of Companies, Gujarat, Ahmedabad.

In the year 1982, our Promoters made a modest start by setting up a small solvent extraction unit and
trading in edible oils. In line with our long term vision our promoters incorporated our Company in
1992 and setup an oil refinery at Sidhpur, in Gujarat. In 2003 our Company setup another refinery of
800 TPD and Vanaspati plant of 100 TPD at Gandhidham. In 2006 we setup four environment friendly
wind mills of 1.25 MW each in Kutch and co-generation power plant of 500 KWH at the Gandhidham
unit. In 2007 we purchased a 100 TPD operational refinery in Surat. Towards expanding the scale of
operations and having global presence we setup offices in Mauritius and Singapore. Today the group’s
interest includes manufacturing and refining of edible oil, castor oil and its derivatives, vanaspati,
solvent extraction, power generation, commodity trading in the domestic and international markets.
We have a well established network spread across 19 States catered by our 18 Clearing & Forwarding
agents (C&F agents) and their 802 distributors, 3 depots, 15 brokers and their 295 resellers,
distributing our products through a total 1133 bulk points of presence. These agents then distribute our
products to the numerous retailers spread across the length and breadth of India. Also to make our
presence more visible overseas markets, we intend to invest more in our foreign subsidiaries.

Our Company’s vision is to become a major diversified, transnational, reputed, integrated Edible Oil
company with national leadership and a strong environment conscience.


Year Major Events

Incorporated as a private limited company on December 29, 1992 1992
Setup a small processing plant at Sidhpur

1994 Converted into a public limited company w.e.f. from May 2, 1994

1999 Increase in production capacity by setting up 200 TPD seed processing and solvent plant
along with 200 TPD refinery.

2000 Achieved a turnover of - Rs. 10000 Lacs

2002 Obtained ISO 9001:2000 certification for Sidhpur plant
We setup a wholly owned subsidiary in Mauritius 2003
Setup a refinery of 800 MT and Vanaspati plant of 100 MT at Gandhidham
Achieved a turnover of - Rs. 50000 Lacs 2004
Inauguration of our Corporate House at Ahmedabad
Achieved a turnover of - Rs. 100000 Lacs
Mr. Kanubhai Thakkar, Managing Director, receives ‘Oil Man of the year’ award by
‘Globoil India’
Our Company received an award from the Malaysian Palm Oil Promotion Council.

2005 Initiated an aggressive brand building exercise, film actress Sridevi endorsed our products,
as our Brand Ambassador
Setup four wind mills of 1.25 MW each and co-generation power plant of 500 KWH in
Kutch to strengthen our in-house capabilities and enhance operational efficiency.
Increased focus on export business
Obtained ISO 9001:2000 certification for our Gandhidham plant

2006 Modernization and expansion plan of our Sidhpur plant by increasing production capacity
Achieved a turnover of - Rs. 150000 Lacs
Purchased an operational 100 TPD refinery in Surat
Acquired stake to setup our wholly owned subsidiary in Singapore
Expansion of Surat plant from 100 TPD to 400 TPD
Initiated the setup of our 1500 TPD Soyabean processing plant near Gandhidham
Entered into a MoU with GMDC for a 135 MW Captive Power Plant

2007 Strategic tie-up to use the brand name of "Maruti"
Foreign Investor has taken a stake in our Company

-Company has splits its Face value of Shares from Rs 10 to Rs 2


- Gokul Refoils & Solvent Ltd has appointed Mr. Prakashchandra Agrawal as the Chief Financial Officer of the Company.


-Gokul Refoils bags prestigious Globoil India & SEA Awards 2011

-Gokul Refoil - Enhancement of capacity from 80 MW to 125 MW (Thermal Power Project Plant near Surat)

-Gokul Refoil - Gokul Refoils' Associate's entity - Gokul Overseas named Top Exporter of KASEZ

-Shri. Mahesh K Agrawal as Group Chief Executive Officer of the Company.

-Shri Bipinkumar Thakkar appointed as Additional Director and Wholetime Director- Legal.

-Gokul Refoils & Solvent Ltd has informed about change in Email address from csgrsI@gokulgroup.com to kaIpesh.desai@gokulgroup.com
-Mr. Vijay J. Kalyani has been appointed as a Company Secretary and Compliance Officer.