GSB Finance Ltd, originally established as Ravi Cement Ltd in 1982, is primarily involved in financial services, investment, and trading in shares and securities. Initially planning to venture into the cement industry, the company shifted focus back to finance in 1993, rebranding as GSB Finance Ltd under the leadership of G S Biyani. In 1994, it issued public shares to boost long-term working capital and expand fund-based activities.
Despite market challenges, the company reported a profit of Rs. 35.88 lakhs in 1998-99, compared to a loss the previous year. However, a change in inventory valuation policy in 1999-2000 led to reduced profits by Rs. 124.74 lakhs. The company plans to relocate its registered office to Mumbai to enhance operational efficiency.
