Goyal Salt Limited (Formerly known as Goyal Salt Pvt. Ltd.) situated on the land of Nawa City near Sambhar Lake (India's largest Inland Salt water lake), Rajasthan.
We are the leading manufacturers and supplier of wide range of salts i.e., Triple Refined Free Flow Iodised Salt, Triple Refined Free Flow Industrial Salt, Double fortified Salt (Iron Plus Iodine) and many other types of industrial salt. The group was founded by First Generation Entrepreneur Mr. Kunj Bihari Goyal Ji in the year 1985. At that time, he started North India's first Iodised Salt plant under the name of “M/s Goyal Iodised Salt Works”. He came to Nawa with a vision and dream in his eyes to set up a large Salt Industry. As Iodine is essential mineral for human body. Seeing the necessity of Iodine, he started Iodisation and packing iodised salt in loose 70-100 kg packing. Gradually he started packing salt in small packings viz 25 kg & 50 kg.
In the year 2005, Second Generation Entrepreneur Mr. Rajesh Goyal and Mr. Pramesh Goyal joined the business with new ideas and added strength to the Company. In the year 2009, they established Rajasthan's one of the largest Salt Washery. Salt is an essential commodity for the survival of human beings. Being an universal consumed commodity, our group places great importance on the research and development to ensure the continuous improvement in quality. Adding iodine in salt is to ensure that iodine reaches to poorest of the poor citizen of our country. Just crushing of common salt and iodisation did not ensure removal of impurities from the same. Moreover, iodisation was done in a primitive manner. Hence, they installed plant for washing and refining of raw salt, so that impurities can be irradiated to large extent and iodine is dozed in a uniform manner. We started washing, centrifuging and iodizing salt and packing for edible purpose. Due to quality, we not only saw it tremendous growth in our business, but our product also reached to country households and we have seen many satisfied customers.
In the year, 2010, Mr. Lokesh Goyal also joined the family business under the guidance of Mr. K B Goyal Ji and his brothers. The foundation of M/s Goyal Salt Pvt. Ltd. was set up and Triple Refined Free Flow Salt refinery was started with commercial production in 2011. In our endurance to further improve the quality of salt, our R&D team saw that there was a scope in minimizing the moisture content of the salt and making the salt particles more homogeneous which ensures better flowability of salt. Thus, GSPL was set up as a full-fledged salt refinery with advanced technology and a capacity of 90000 MT of refined salt Per Annum.
We reached our 100 % capacity in the same year and found that the demand is exceeding supplies. Thus, in 2015 we increased the production capacity to 250000 MTof refined salt per annum. Promoters of M/s Goyal Salt Limited has a vast experience of approx. 40 years in salt industry, they have seen salt industry very closely. Backward integration for any business is very fruitful, it ensures the stability and performance of the Company. Promoters of GSL has salt works (Karkhanas) spread in the area of approx. 700 bighas which ensures 25% approx. of raw salt requirement of the Company. In 2016, Promoters of GSLentered in a new venture namely M/s Shree Shakambhar Chemfood Industries, Santhalpur, Gujarat, with a capacity of 250000 MTper annum of refined salt. In 2023, Promoters of GSLentered into another salt refinery venture at Phalodi, Rajasthan with a capacity of 100000 MTper annum.
Salt is low value, high volume commodity where the logistics play a very important role. Due to wide acceptance of our quality and name, we were flooded with demand from various corners of India. In order to cater these demands and to sustain cost effectiveness, it was necessary for the group to be market centric. Hence, in the year 2023, we acquired 12 acres of industrial land in Gandhi Dham, Gujarat with a vision to set up India's one of largest salt refinery. Our vision is not only to cater Indian market but to explore the potential in International Market which is more feasible from Gandhi Dham, as the port cities of Kandla and Mundra are nearest.
In 2024, Company Setting up of another Salt Refining Plant with an investment of Rs. 80 Crore at Gandhidham near salt capital of Kutch with a capacity of 4,50,000 MT spread over 12 acres of land, the plant is at trial run stage and expected to be operational by end of March, 2025. With this plant, Goyal Salt is going to be the largest player in natural salt in India.This new plant is a key step in our expansion, fostering growth in Western and Eastern parts of the country like Maharashtra, Gujarat, Odisha and Assam. It is equipped with cutting-edge technology and infrastructure designed to meet the high standards of salt production, ensuring that we continue to deliver world-class products to our customers.”
Our Achievement
On October 11 , 2023, the Company got listed on SME Emerge Platform of NSE, the largest Stock Exchange of India.
In the same year, Goyal Salt was honored with the prestigious “Rajasthan Radiance Award' 2023” for excellence in the Category of Salt Manufacturing.
Recently Goyal Salt Limited was honored with the prestigious “Most Trusted Salt Manufacturer in India Award” at the National Quality Awards 2024, held on 28th September 2024 in New Delhi.
