GSB Group

Mumbai, India Founded: 1957 • Age: 69 yrs Listed

Financial services are provided by GSB Group in India.

Page last updated 17 Oct 2026

About GSB Group

GSB Group is a publicly listed company based in Mumbai (India) founded in 1957 by Sagarmal Balabux Biyani. Financial services are provided by GSB Group in India. It operates on a Professional Services and Commission-Based model. Its Indian entity Coffers Finvest Limited reported revenue of ₹1.23 Cr. GSB Group offers products and services including Equity Services, Derivatives, Advisory, Research, and Mutual Funds. Its focus areas include Financials, Capital Markets and Investment Banking & Brokerage. Similar companies include UTI Mutual Fund, 360 One and Avendus; 2 of its 3 listed similar companies have raised funding.

Company details

Investment and financial services are offered by GSB Group, based in Mumbai, India. The company is engaged in equity trading, derivatives, advisory services, research, mutual funds, and insurance. Solutions are tailored to guide clients toward their investment goals through a structured five-step approach. The focus is placed on capital markets and wealth management within the financial sector.

Headquarters Mumbai, India
Founders Sagarmal Balabux Biyani
Stage Public
Sectors
Financial Services
Email
••••••••
Phone
•••• ••••
Website gsbgroup.co.in
Legal Name Gsb Finance Limited

Operational Areas

Financial Services → Investment Banks

Key Metrics

Market Cap
₹29.87 Cr
GSBFIN · BSE
Share Price
₹49.78
0.00% today
Revenue
₹1.22 Cr
FY 2025-26 · -31.5% YoY
EBITDA
₹0.06 Cr
Margin 4.9%
Net Profit
−₹0.30 Cr
FY 2025-26 · -141.1% YoY
P/E (TTM)
159.6x
P/B 2.1x
ROE
-2.2%
ROCE 0.5%

Associated legal entities of GSB Group

GSB Group is associated with 2 registered companies on The Company Check; the primary company is Coffers Finvest Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Coffers Finvest Limited Listed CIN L99999MH2001PLC134193	Active	11 Dec 2001	Mumbai, Maharashtra	₹1.2 Cr		9	View details
Arcade Fincon Llp CIN AAS-0757	Active	27 Feb 2020	Mumbai, Maharashtra			2	View details

Products & Services of GSB Group

GSB Group offers a comprehensive portfolio of products and services, including Equity Services, Derivatives, Advisory, Research, and Mutual Funds.

Equity Services

Financial Services

Ownership shares in companies are offered to investors.

Derivatives

Financial Services

Instruments valued based on underlying assets are provided.

Advisory

Financial Services

Investment advice is given to clients for fees.

Research

Financial Services

Market analysis is conducted for informed investment decisions.

Mutual Funds

Financial Services

Pooled investments in securities are managed for clients.

Insurance

Financial Services

Legal agreements for risk coverage are provided to clients.

Board of directors of Coffers Finvest Limited (GSB Group)

Coffers Finvest Limited is the primary company behind GSB Group. The boards of the 2 registered companies of GSB Group currently have 7 directors; the longest-serving is Usha Yogesh Patel, appointed in 2017. 7 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Usha Yogesh Patel DIN 06927669	Director	01 Apr 2017	9 yrs 7 mo	Coffers Finvest Limited
Suyash Ramakant Biyani DIN 07525350	Designated Partner	27 Feb 2020	6 yrs 8 mo	Arcade Fincon Llp
Ramakant Sagarmal Biyani DIN 00523178	Designated Partner	27 Feb 2020	6 yrs 8 mo	Arcade Fincon Llp
Hari Chand Mittal DIN 08797386	Director	20 Nov 2025	11 mo	Coffers Finvest Limited
Vivek Kumar Singhal DIN 01962224	Managing Director	20 Nov 2025	11 mo	Coffers Finvest Limited
Kshitij Agrawal DIN 03377355	Director	20 Nov 2025	11 mo	Coffers Finvest Limited
Sweta Pareek DIN 11367022	Director	20 Nov 2025	11 mo	Coffers Finvest Limited

People of GSB Group

1 people are tracked at GSB Group (1 in leadership).

Name	Role	Group
Sagarmal Balabux Biyani	Founder	Leadership

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Complete people profiles for GSB Group

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Full employee list
Team structure
Board tenure
Professional contacts

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IPO & Listings of GSB Group

GSB Group is a publicly listed company on the BSE with ticker symbol GSBFIN in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Listed onBSE: GSBFIN
Listed entityGSB Finance Limited
Exchange sectorFinance
ISININE777C01011
Share price₹53.97 (+5% on the day) · 2026-10-14
Market capitalisation₹30.8 Cr
Price to earnings173.0
EPS (diluted, trailing year)₹0.31
Volume (last session)11,797

Financials of GSB Group

Exchange-reported figures of Coffers Finvest Limited, the listed company behind GSB Group (BSE: GSBFIN).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹1.22 Cr

-31.5% YoY

EBITDA

₹0.06 Cr

-93.3% YoY

Profit After Tax

−₹0.30 Cr

-141.1% YoY

Net Worth

₹14.07 Cr

-2.2% YoY

Total Assets

₹14.07 Cr

-2.2% YoY

Total Debt

Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	1.22	1.78	3.68	3.25	2.50	1.48	1.78
Revenue growth	-31.5%	-51.6%	+13.2%	+30.0%	+68.9%	-16.9%	-
EBITDA	0.06	0.89	1.90	0.53	0.67	0.87	0.33
EBITDA margin	+4.9%	+50.0%	+51.6%	+16.3%	+26.8%	+58.8%	+18.5%
Profit before tax	0.07	0.84	1.62	0.07	0.36	0.50	0.05
Net profit	(0.30)	0.73	1.59	0.08	0.25	0.29	(0.01)
Net profit margin	-24.6%	+41.0%	+43.2%	+2.5%	+10.0%	+19.6%	-0.6%
EPS (₹)	(0.51)	1.19	2.62	0.12	0.41	0.48	(0.02)
Balance sheet
Total assets	14.07	14.38	13.66	18.53	16.74	14.70	15.58
Net worth	14.07	14.38	13.66	12.09	12.00	11.69	11.33
Total debt	0.00	0.00	0.00	6.44	4.75	3.01	4.26
Cash & bank	0.36	0.17	0.21	0.10	0.13	0.45	0.09
Net working capital	2.14	0.87	1.04	1.80	2.05	2.03	1.75
Cash flow
Cash from operations	0.09	(0.04)	6.47	(1.72)	(2.05)	1.60	(1.38)
Cash from investing	0.09	0.00	0.08	0.00	0.00	0.00	0.01
Cash from financing	0.00	0.00	(6.44)	1.70	1.73	(1.24)	1.26

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	0.92	0.28	0.31	0.32	0.31	0.27	0.44	0.74
Revenue growth (YoY)	+196.8%	+3.7%	-29.6%	-56.8%	-3.1%	-	-	-
Other income	0.00	0.01	0.00	0.00	0.00	0.02	0.00	0.00
Total expenses	0.10	0.23	0.16	0.61	0.16	0.40	0.24	0.16
EBITDA	0.82	0.05	0.15	(0.29)	0.15	(0.13)	0.20	0.58
EBITDA margin	+89.1%	+17.9%	+48.4%	-90.6%	+48.4%	-48.1%	+45.5%	+78.4%
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.03
Profit before tax	0.82	0.06	0.15	(0.29)	0.15	(0.12)	0.17	0.55
Tax	0.21	0.37	(0.03)	0.00	0.04	(0.02)	0.04	0.03

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	0.92	0.28	0.31	0.32	0.31	0.27	0.44	0.74
Revenue growth (YoY)	+196.8%	+3.7%	-29.6%	-56.8%	-3.1%	-	-	-
Other income	0.00	0.01	0.00	0.00	0.00	0.02	0.00	0.00
Total expenses	0.10	0.23	0.16	0.61	0.16	0.40	0.24	0.16
EBITDA	0.82	0.05	0.15	(0.29)	0.15	(0.13)	0.20	0.58
EBITDA margin	+89.1%	+17.9%	+48.4%	-90.6%	+48.4%	-48.1%	+45.5%	+78.4%
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.03
Profit before tax	0.82	0.06	0.15	(0.29)	0.15	(0.12)	0.17	0.55
Tax	0.21	0.37	(0.03)	0.00	0.04	(0.02)	0.04	0.03

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	1.22	1.78	3.68	3.25	2.50	1.48	1.78
Revenue growth	-31.5%	-51.6%	+13.2%	+30.0%	+68.9%	-16.9%	-
Other income	0.01	0.02	0.01	0.00	0.00	0.00	0.00
Total expenses	1.16	0.89	1.78	2.72	1.83	0.61	1.45
Employee cost	0.28	0.47	0.43	0.37	0.31	0.22	0.17
EBITDA	0.06	0.89	1.90	0.53	0.67	0.87	0.33
EBITDA margin	+4.9%	+50.0%	+51.6%	+16.3%	+26.8%	+58.8%	+18.5%
Depreciation	0.00	0.00	0.00	0.00	0.01	0.00	0.02
Interest	0.00	0.07	0.29	0.46	0.30	0.37	0.26
Profit before tax	0.07	0.84	1.62	0.07	0.36	0.50	0.05
Tax	0.37	0.11	0.03	(0.01)	0.11	0.21	0.06
Net profit	(0.30)	0.73	1.59	0.08	0.25	0.29	(0.01)
Net profit margin	-24.6%	+41.0%	+43.2%	+2.5%	+10.0%	+19.6%	-0.6%
EPS (₹)	(0.51)	1.19	2.62	0.12	0.41	0.48	(0.02)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Reserves & surplus	8.07	8.38	7.66	6.09	6.00	5.69	5.33
Shareholders' funds (net worth)	14.07	14.38	13.66	12.09	12.00	11.69	11.33
Secured loans	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured loans	0.00	0.00	0.00	6.44	4.75	3.01	4.26
Total debt	0.00	0.00	0.00	6.44	4.75	3.01	4.26
Total liabilities	14.07	14.38	13.66	18.53	16.74	14.70	15.58
Assets
Gross block	0.12	0.12	0.12	0.21	0.21	0.21	0.21
Net block	0.02	0.02	0.02	0.02	0.02	0.03	0.03
Capital work in progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.33	0.75	0.00	0.19	0.20	0.12	0.13
Inventories	0.00	0.00	0.30	1.18	1.53	1.18	1.18
Sundry debtors	1.25	0.00	0.00	0.00	0.00	0.00	0.00
Cash & bank balances	0.36	0.17	0.21	0.10	0.13	0.45	0.09
Loans & advances	0.68	1.04	1.03	0.79	0.79	0.75	0.75
Total current assets	2.29	1.21	1.54	2.07	2.45	2.38	2.02
Total current liabilities	0.15	0.34	0.50	0.27	0.40	0.35	0.27
Net working capital	2.14	0.87	1.04	1.80	2.05	2.03	1.75
Total assets	14.07	14.38	13.66	18.53	16.74	14.70	15.58

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.17	0.21	0.10	0.13	0.45	0.09	0.20
Net cash from operating activities	0.09	(0.04)	6.47	(1.72)	(2.05)	1.60	(1.38)
Net cash from investing activities	0.09	0.00	0.08	0.00	0.00	0.00	0.01
Net cash from financing activities	0.00	0.00	(6.44)	1.70	1.73	(1.24)	1.26
Net change in cash	0.18	(0.04)	0.11	(0.03)	(0.32)	0.36	(0.11)
Closing cash	0.36	0.17	0.21	0.10	0.13	0.45	0.09

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	-31.5%	-51.6%	+13.2%	+30.0%	+68.9%	-16.9%	-
EBITDA growth	-93.3%	-53.2%	+258.5%	-20.9%	-23.0%	+163.6%	-
PBT growth	-91.7%	-48.2%	+2214.3%	-80.6%	-28.0%	+900.0%	-16.7%
Net income growth	-141.1%	-54.1%	+1887.5%	-68.0%	-13.8%	+3000.0%	-
Revenue CAGR (3Y)	-27.9%	-10.7%	+35.5%	+22.2%	-28.6%	-51.8%	-44.3%
EBITDA CAGR (3Y)	-51.6%	+9.9%	+29.7%	+17.1%	+95.3%	+26.5%	-35.3%
Profitability & leverage
Net income margin	-24.6%	+41.0%	+43.2%	+2.5%	+10.0%	+19.6%	-0.6%
Return on capital employed	+0.5%	+6.4%	+11.7%	+3.0%	+4.2%	+5.7%	+2.0%
Return on net worth	-2.2%	+5.1%	+12.2%	+0.6%	+2.1%	+2.5%	-0.1%
Debt / equity	0.00	0.00	0.25	0.46	0.33	0.32	0.32
Long-term debt / equity	0.00	0.00	0.25	0.46	0.33	0.32	0.32
Interest cover	0.00	7.87	15.26	86.79	45.45	42.53	83.87
Efficiency & per share
Fixed asset turnover	10.25	15.00	22.36	15.48	11.90	7.05	8.48
Inventory turnover	0.00	12.00	4.99	2.40	1.85	1.25	1.51
Debtors turnover	1.97	0.00	0.00	0.00	0.00	0.00	0.00
EPS (₹)	(0.51)	1.19	2.62	0.12	0.41	0.48	(0.02)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	23.45	23.96	22.77	20.15	20.00	19.48	18.88

Similar companies to GSB Group

GSB Group has 3 listed similar companies in our database, 2 of them funded. They include UTI Mutual Fund, 360 One and Avendus.

Company Name	Domain	Founded	HQ Location	Total funding	Employees	Description
UTI Mutual Fund	utimf.com	2001	Mumbai, India	$142.4M	1,468	Mutual funds, portfolio management, and retirement planning services are offered.
360 One	360.one	2008	Mumbai, India		65	Asset and wealth management software is provided for businesses.
Avendus	avendus.com	1999	Mumbai, India	$178.11M	215	Corporate advisory and investment services are provided to clients.

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Detailed similar companies of GSB Group

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Web traffic of GSB Group

The website of GSB Group (gsbgroup.co.in) receives about 1.7K visits a month.

Monthly visits
1.7K
▲ 9.6% vs previous month

Top companies in Investment Banks

2 companies that operate in the same segment as GSB Group (Investment Banks) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Ambit	Ambit is recognized as a leading provider of financial advice and capital in India.	1997	Mumbai, Maharashtra, India	USD 105.56 M	USD 116.66 M	104
Union Bank Of India	Commercial bank	1911	Mumbai, Maharashtra, India

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Frequently Asked Questions about GSB Group

When was GSB Group founded?

GSB Group was founded in 1957.

Where is GSB Group located?

GSB Group is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

What is the annual revenue of GSB Group?

The primary company behind GSB Group, Coffers Finvest Limited, reported revenue of ₹1.23 Cr for FY 2026, down 31% year on year.

What does GSB Group do?

Which companies are similar to GSB Group?

GSB Group's top competitors include UTI Mutual Fund, Avendus and 360 One.

What products or services does GSB Group offer?

GSB Group offers Equity Services, Derivatives, Advisory, Research, and 2 more products and services.

Is GSB Group publicly traded?

Yes, GSB Group is publicly traded on BSE under the ticker symbol GSBFIN.

Which legal entities are associated with GSB Group?

GSB Group is associated with 2 legal entities: Coffers Finvest Limited, Arcade Fincon Llp.

Who are the directors of GSB Group?

The legal entities of GSB Group currently have 9 directors, including Suyash Ramakant Biyani, Ramakant Sagarmal Biyani, Hari Chand Mittal and others.

GSB Group

About GSB Group

Company details

Operational Areas of GSB Group

Associated legal entities of GSB Group

Products & Services of GSB Group

Board of directors of Coffers Finvest Limited (GSB Group)

People of GSB Group

Complete people profiles for GSB Group

IPO & Listings of GSB Group

Financials of GSB Group

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Financial Statements

Similar companies to GSB Group

Detailed similar companies of GSB Group

Web traffic of GSB Group

Top companies in Investment Banks

Related news about Gsb Group

Complete news archive for GSB Group

Frequently Asked Questions about GSB Group

About GSB Group

Company details

Operational Areas of GSB Group

Associated legal entities of GSB Group

Products & Services of GSB Group

Board of directors of Coffers Finvest Limited (GSB Group)

People of GSB Group

Complete people profiles for GSB Group

IPO & Listings of GSB Group

Financials of GSB Group

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr Standalone AnnualQuarterly

Financial Statements

Similar companies to GSB Group

Detailed similar companies of GSB Group

Web traffic of GSB Group

Top companies in Investment Banks

Related news about Gsb Group

Complete news archive for GSB Group

Frequently Asked Questions about GSB Group

Financial summary ₹ Cr