Gokul Refoils and Solvent was incorporated on December 29, 1992 as Gokul Refoils and Solvent Private Limited 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, it received a fresh certificate of incorporation dated July 1, 1994 by the Registrar of Companies, Gujarat.
Gokul Refoils and Solvent is engaged in the business of trading in oil seeds and edible/nonedible oils and agro commodities and supply of services. The company, through its subsidiaries and associate, manufactures a diverse range of edible oils, including groundnut oil, mustard oil, Kachi Ghani mustard oil, refined cottonseed oil, refined soybean oil, palm oil, and refined sunflower oil. These oils cater to domestic and international markets, meeting varied consumer preferences for cooking and food processing. The company is also a leading producer of castor oil and its derivatives, which are utilized in industries such as soaps, lubricants, hydraulic and brake fluids, paints, dyes, coatings, inks, cold-resistant plastics, waxes, polishes, nylon, pharmaceuticals, and perfumes. The byproduct, castor meal, serves as an organic fertilizer, supporting sustainable agriculture.
Business area of the company
Gokul Refoils and Solvent is engaged in the business of trading in oil seeds and edible/nonedible oils and agro commodities and supply of services.
Products of the company
- Edible/non-edible oils
- Castor oil and derivatives
History and milestones
- 1992: 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: Increased inproduction capacity be setting up 200 TPD seed processing and solvent plant and 200 TPD refinery.
- 2000: Achieved a turnover of around Rs 100 crore.
- 2002: Obtained ISO 9001:2000 certification for Sidhpur plant.
- 2003: The company setups a wholly owned subsidiary in Mauritius.
- 2003: Setup a refinery of 800 MT and Vanaspati plant of 100 MT at Gandhidham.
- 2004: Achieved a turnover of around Rs 500 crore.
- 2004: Inauguration of its Corporate House at Ahmedabad.
- 2005: Achieved a turnover of around Rs 1000 crore.
- 2005: Kanubhai Thakkar, Managing Director, receives ‘Oil Man of the year’ award by ‘Globoil India’.
- 2005: The company received an award from the Malaysian Palm Oil Promotion Council.
- 2005: Initiated an aggressive brand building exercise, film actress Sridevi endorsed its products, as its Brand Ambassador.
- 2006: Setup four wind mills of 1.25 MW each and co-generation power plant of 500 KWH in Kutch to strengthen its in-house capabilities and enhance operational efficiency.
- 2006: Increased focus on export business.
- 2006: Obtained ISO 9001:2000 certification for its Gandhidham plant.
- 2006: Modernization and expansion plan of its Sidhpur plant by increasing production capacity.
- 2007: Achieved a turnover of around Rs 1500 crore.
- 2007: Purchased an operational 100 TPD refinery in Surat.
- 2007: The company setups a wholly owned subsidiary in Singapore.
- 2007: Expansion of Surat plant from 100 TPD to 400 TPD.
- 2007: Initiated the setup of its 1500 TPD Soyabean processing plant near Gandhidham.
- 2007: Entered into a MoU with GMDC for a 110/125 MW Captive Power Plant.