i. Goyal Salt is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. The company refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt. Their refining process does not involve any adulteration from chemical and harmful substances. They have well equipped refinery at Nawa City, adjacent to famous Sambhar Lake. In addition to refinery, they also have lease rights to harvest raw salt over 18.66 Hectare of land issued by Government of Rajasthan in the vicinity of salt producing area of Nawa City in Rajasthan.

ii. The raw material required to process refined salt is raw salt itself. The Company sources its raw material mainly from the open market purchases which is around 75% of the total requirement of raw salt required by us for all our products which are Refined Free Flow Iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt and Refined Half Dry Salt. In addition to the open market purchases, they source their raw material from their promoters-controlled entities and own harvesting of raw salts on the salt lands owned by the Company which supply around 23% and 2% respectively of the total requirement of the raw material required by us.

iii. Over the past couple of years, the company has outgrown itself into the production of refined iodised salt and double fortified salt. Edible salt, also called table salt or just salt, is a mineral, commonly consumed by humans. There are different forms of edible salt: unrefined salt, refined salt, table salt or iodised salt. Raw salt comes in fine or larger crystals. In nature, it includes not only sodium chloride, but also other vital trace minerals. The company supplies its refined salt in the packaging of half kg and one kg for home consumption and fifty kg bags and jumbo bags for industrial use.

iv. The Company also produces/supplies industrial salt. Industrial salt are in high demand due to the diversity of applications in the soap and detergent industries, textile and dyeing industries to industries producing glass, polyester, plastics, rubber and leather and as well as in the chemical industry. Salt assists in cleaning gas and oil wells and is an essential component in the manufacture of paper, tires, brass, bleach and case-hardened steel. Salt is part of the caustic soda and chloralkali processes. It is also used as ice melters in various countries.

v. Besides these different industrial uses of salt, salt finds usage in more areas such as animal feeding salt, water softening/water treatment salt, and pool salt.

vi. They have an integrated production facility for our raw salt, industrial salt, and edible salt, at Nawa city which is located on the edge of Sambhar Lake. Their experience of more than a decade has enabled them to build an effective business model that gives us control over their processes from raw material procurement, refining and marketing to sales through our network. Their business model allows them to monitor and control the quality of our products on the supply side, and provides us the ability to respond quickly to our customers’ needs and preferences on the demand side.

Competitive Strengths

i. Experienced management team and promoters with qualified workforce.
ii. Established refining facility and integrated production with cost efficiencies
iii. Strong and consistent financial performance