About Goyal Associates Limited
Data last updated: 14 July 2026
Goyal Associates Limited is a public limited company based in Vadodara, Gujarat, India. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 14 October 1994, the company has been in operation for over 32 years.
Registered with ROC Ahmedabad under CIN L74999GJ1994PLC023281. Listed on BSE: 530663.
Capital: an authorised share capital of ₹6.4 Cr and a paid-up capital of ₹5.29 Cr. It is led by directors including Vuppala Naga Malleswara Rao and Kranthi Kumar Reddy Gajjala.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 401 Phoenix Complex Waghodia Road, Vadodara, Gujarat, India – 390019.
As per BSE-filed standalone financials for FY 2024, the company reported a revenue of ₹3.75 Cr, a growth of 10.09% compared to the previous year. The net worth stands at ₹3.25 Cr (up 24.56% YoY). Total assets are valued at ₹6.03 Cr (up 20.66% YoY).
The company has a workforce of approximately 38 employees as per the latest available data.
The company is associated with 2 brands - Salaryday, Goyal Associates.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goyalassociateslimited.com.
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Registered Address401 Phoenix Complex Waghodia Road, Vadodara, Gujarat, India – 390019
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Goyal Associates Limited
Goyal Associates Limited operates two associated brands: SalaryDay and Goyal Associates. These brands represent Goyal Associates Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers a comprehensive app-based platform for personal loans. | salaryday.in | |
| Business and consumer loans are facilitated via digital platform. | goyalassociateslimited.com |
Competitors & Alternatives of Goyal Associates Limited
Brands and companies operating in the same space as Goyal Associates Limited include Stashfin, Money View, Kissht and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Stashfin
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Digital lending and instant credit lines are provided to individuals. | Gurugram, India, India | 2016 |
Money View
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Loans, credit cards, gold investments, insurance, and UPI are provided. | Bengaluru, India, India | 2014 |
Kissht
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Personal, business, and property loans are provided by Kissht. | Mumbai, India, India | 2015 |
Fibe
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Fibe is recognized as India's largest lending platform for instant credit solutions. | Pune, India, India | 2015 |
mPokket
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Provider of a digital lending platform offering instant personal loans to underserved youth, providing financial solutions through a mobile app | Kolkata, India, India | 2016 |
CASHe
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Online instant personal loans are provided to salaried professionals. | Mumbai, India, India | 2016 |
Branch
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Branch is focused on providing faster workforce payment solutions. | Minneapolis, United States, United States | 2015 |
Finnable
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Online personal loans with minimal documentation are offered digitally. | Bengaluru, India, India | 2015 |
Epimoney
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Consumer and business loans are facilitated via an online platform. | Chennai, India, India | 1995 |
MyShubhLife
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Embedded finance and personal loan solutions for businesses are offered. | Bengaluru, India, India | 2016 |
Business Activity of Goyal Associates Limited
Goyal Associates Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Goyal Associates Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Goyal Associates Limited
Goyal Associates Limited is audited by Doshi Maru & Associates for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Doshi Maru & Associates | Locked | Locked | Locked |
Complete auditor history for Goyal Associates Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors of Goyal Associates Limited
Goyal Associates Limited is currently managed by 3 directors, with 25 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vuppala Naga Malleswara Rao | Director | 01 Sep 2020 | 5 Years 10 Months | Current |
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Kranthi Kumar Reddy Gajjala
Also directs:
Gajjala Payroll And Accounting Solutions Private Limited
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Additional Director | 13 Feb 2026 | 0 Years 5 Months | Current |
| Satya Narayana Gogula | Additional Director | 20 Feb 2026 | 0 Years 5 Months | Current |
Financials of Goyal Associates Limited FY 2024 filings available
Goyal Associates Limited reported revenue of ₹3.75 Cr (up 10.09% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹3.75 Cr | ₹3.41 Cr | ₹1.52 Cr | ₹1.17 Cr | ₹3.62 Cr |
| Interest Earned | ₹89.88 Lakh | ₹1.11 Cr | ₹22.07 Lakh | ₹32.98 Lakh | ₹0 |
| Other Income | ₹59,000 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Income | ₹3.76 Cr | ₹3.41 Cr | ₹1.52 Cr | ₹1.17 Cr | ₹3.62 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹2.73 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹51.38 Lakh | ₹53.73 Lakh |
| Employee Benefit Expense | ₹1.47 Cr | ₹1.11 Cr | ₹75.72 Lakh | ₹30.88 Lakh | ₹1.16 Lakh |
| Finance Costs | ₹7.73 Lakh | ₹10.22 Lakh | ₹11.33 Lakh | ₹5.89 Lakh | ₹0 |
| Depreciation & Amortisation | ₹18.34 Lakh | ₹16.43 Lakh | ₹12.42 Lakh | ₹5.49 Lakh | ₹0 |
| Other Expenses | ₹1.09 Cr | ₹1.18 Cr | ₹82.04 Lakh | ₹16.79 Lakh | ₹13.91 Lakh |
| Total Expenses | ₹2.92 Cr | ₹2.7 Cr | ₹1.96 Cr | ₹1.1 Cr | ₹3.42 Cr |
| Profit Before Exceptional Items & Tax | ₹84.13 Lakh | ₹70.19 Lakh | -₹44.76 Lakh | ₹6.15 Lakh | ₹19.5 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹84.13 Lakh | ₹70.19 Lakh | -₹44.76 Lakh | ₹6.15 Lakh | ₹19.5 Lakh |
| Total Tax Expense | ₹22.66 Lakh | ₹11.1 Lakh | ₹0 | ₹96,000 | ₹3.04 Lakh |
| Net Profit | ₹61.47 Lakh | ₹57.81 Lakh | -₹44.76 Lakh | ₹5.19 Lakh | ₹16.46 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | -₹74,000 | ₹0 |
| Total Comprehensive Income | ₹61.47 Lakh | ₹57.81 Lakh | -₹44.76 Lakh | ₹4.45 Lakh | ₹16.46 Lakh |
| EBITDA (computed) | ₹1.1 Cr | ₹96.84 Lakh | -₹21.01 Lakh | ₹17.53 Lakh | ₹19.5 Lakh |
| Basic EPS | ₹0.13 | ₹0.12 | ₹-0.10 | ₹0.01 | ₹0.04 |
| Diluted EPS | ₹0.13 | ₹0.12 | ₹-0.10 | ₹0.01 | ₹0.04 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Assets | ₹6.03 Cr | ₹5 Cr | ₹5.39 Cr | ₹6.69 Cr | ₹2.66 Cr |
| Property, Plant & Equipment | ₹18.36 Lakh | ₹55.83 Lakh | ₹30.85 Lakh | ₹36.32 Lakh | ₹0 |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹51.38 Lakh |
| Cash & Equivalents | ₹4.72 Lakh | ₹3.73 Lakh | ₹4.3 Lakh | ₹65.48 Lakh | ₹7.88 Lakh |
| Equity (Net Worth) | ₹3.25 Cr | ₹2.61 Cr | ₹2.03 Cr | ₹2.49 Cr | ₹2.44 Cr |
| Equity Share Capital | ₹4.69 Cr | ₹4.69 Cr | ₹4.69 Cr | ₹4.69 Cr | ₹4.69 Cr |
| Total Liabilities | ₹2.78 Cr | ₹2.39 Cr | ₹3.36 Cr | ₹4.2 Cr | ₹21.13 Lakh |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹53.45 Lakh | ₹85.81 Lakh | ₹1.17 Cr |
| Investing Cash Flow | -₹95,000 | -₹41.42 Lakh | -₹6.95 Lakh |
| Financing Cash Flow | ₹48.58 Lakh | -₹73.67 Lakh | -₹1.35 Cr |
| Capital Expenditure | ₹0 | ₹41.42 Lakh | ₹6.95 Lakh |
| Free Cash Flow (computed) | -₹53.45 Lakh | ₹44.39 Lakh | ₹1.1 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹5.82 Lakh | -₹29.28 Lakh | -₹25.65 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹89.36 Lakh | ₹43.77 Lakh | ₹80.65 Lakh |
| Interest Earned | ₹5.21 Lakh | ₹16.57 Lakh | ₹17.17 Lakh |
| Other Income | ₹0 | ₹0 | ₹11,000 |
| Total Income | ₹89.36 Lakh | ₹43.77 Lakh | ₹80.76 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹18.15 Lakh | ₹17.46 Lakh | ₹35.52 Lakh |
| Finance Costs | ₹1.96 Lakh | ₹2.03 Lakh | ₹2.07 Lakh |
| Depreciation & Amortisation | ₹3.15 Lakh | ₹3.1 Lakh | ₹3.1 Lakh |
| Other Expenses | ₹33.46 Lakh | ₹8.13 Lakh | ₹15.69 Lakh |
| Total Expenses | ₹58.34 Lakh | ₹32.39 Lakh | ₹62.3 Lakh |
| Profit Before Exceptional Items & Tax | ₹31.02 Lakh | ₹11.38 Lakh | ₹18.46 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹31.02 Lakh | ₹11.38 Lakh | ₹18.46 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹31.02 Lakh | ₹11.38 Lakh | ₹18.46 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹31.02 Lakh | ₹11.38 Lakh | ₹18.46 Lakh |
| EBITDA (computed) | ₹36.13 Lakh | ₹16.51 Lakh | ₹23.63 Lakh |
| Basic EPS | ₹0.07 | ₹0.02 | ₹0.04 |
| Diluted EPS | ₹0.07 | ₹0.02 | ₹0.04 |
Shareholding Pattern of Goyal Associates Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 4.72%, domestic institutional investors hold 0.01%, retail and other public shareholders hold 95.26% of Goyal Associates Limited. The company had 27,438 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 4.72% | 4.72% | 4.72% | 4.72% | 4.72% | 5.33% |
| Public | 95.28% | 95.28% | 95.28% | 95.28% | 95.28% | 94.67% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 4.72% | 4.72% | 5.33% |
| Public | 95.28% | 95.28% | 94.67% |
| Promoter change (YoY, %pts) | +0.00 | -0.61 | - |
Charges & Borrowings Goyal Associates Limited
Goyal Associates Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Goyal Associates Limited
Goyal Associates Limited has a workforce of 38 employees as of Mar 22, 2024.
Employee and EPFO history for Goyal Associates Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Goyal Associates Limited
GST registrations and filing compliance for Goyal Associates Limited
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Credit Ratings, Litigation & Regulatory Alerts for Goyal Associates Limited
Credit ratings, litigation, and regulatory alerts for Goyal Associates Limited
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- Rating history
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MSME Payment Delays by Goyal Associates Limited
MSME payment history for Goyal Associates Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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Subsidiaries & Group Companies of Goyal Associates Limited
Corporate group structure for Goyal Associates Limited
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MCA Filings & Documents of Goyal Associates Limited
MCA filings and documents for Goyal Associates Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Goyal Associates Limited
Frequently Asked Questions about Goyal Associates Limited
Goyal Associates Limited is an active public limited company in the financial services sector based in Vadodara, Gujarat, India. It was incorporated on 14 October 1994 (32+ years old) and is registered under CIN L74999GJ1994PLC023281. Listed on BSE: 530663. The company has 38 employees.
Goyal Associates Limited reported revenue of ₹3.75 Cr for FY 2024 (up 10.09% YoY) based on standalone BSE filings.
The current directors of Goyal Associates Limited are:
- Vuppala Naga Malleswara Rao - Director
- Kranthi Kumar Reddy Gajjala - Additional Director
- Satya Narayana Gogula - Additional Director
The primary industry of Goyal Associates Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes. Goyal Associates Limited is listed on BSE with code 530663.
Goyal Associates Limited can be reached at the registered office: 401 Phoenix Complex Waghodia Road, Vadodara, Gujarat, India – 390019, or through the website goyalassociateslimited.com.