What we do Vijay Solvex Ltd manufactures edible oils, vanaspati, ceramics, and operates wind power plants, serving primarily the Indian market under the Scooter brand. |
Founded in 1,987 |
Market share Strong player in India's edible oil sector with extensive dealer network; niche presence in ceramics and wind energy. |
Problem solved Provides quality edible oils and vanaspati, meeting dietary and cooking needs; advancing renewable energy and ceramics exports. |
Top clients or who we serve B2C through extensive retailers and distributorships primarily in India; expanding ceramics into Europe. |
Key management Vijay Data (Managing Director), Daya Kishan Data (Whole Time Director), Shanker Kukreja (CFO), Jay Prakash Lodha (CS). |
Our journey and innovations Public listing in 1995; expansion into vanaspati, ceramics exports, and wind power from 2001; new wellness center established in 2024. |
Where we operate Mainly India with growing exports of ceramics to the UK and Europe; wind power operations in Rajasthan. |
Top products or what we offer Refined mustard, soybean, groundnut oils, vanaspati, bone china ceramics, and wind energy generation. |
Top brands Scooter edible oils - #1 regional recognition, extensive dealer reach, consistent revenue contributor. |
Raw materials needed Oilseeds (mustard, soybean, groundnut), raw materials for ceramics, wind plant components. |
Raw materials supplier Local oilseed farmers and suppliers; domestic ceramic material providers. |
Recurring vs cyclical contribution Mostly recurring revenue from edible oil sales; wind power segment is marginal and currently non-operational financially. |
Our industry position Established leader in edible oils in India, emerging ceramics exporter, minor wind power player. |
Financial highlights FY2024-25 revenue Rs.1830.73 Cr; Profit after tax Rs.18.43 Cr; profit growth over 500% year-on-year. |
Geographical revenue split Almost all revenue from India; limited to no international revenue currently. |
Order book - |
Whats driving growth Edible oil sector growth, favourable market conditions, capacity expansions, product diversification. |
Our future plans Expanding ceramic production, scaling wellness center operations, continued growth in edible oils. |
Our green promise Wind power generation contributes to sustainability, despite current operational challenges. |
Our people and values Strong leadership with focus on governance, CSR spending over 2%, and employee welfare. |
Key challenges ahead Wind power segment viability, legal proceedings, increasing competition in edible oils. |
Interesting facts Scooter brand trademarked and legally protected; one of the early adopters of bone china ceramics exports. |
Risks and strategy Mitigating legal risks, market fluctuations in oilseed prices, investing in innovation and capacity expansion. |
