What we do Vikas Proppant & Granite Ltd produces guar gum and derivatives for sectors including textiles, food processing, and oil drilling, recently diversifying into real estate and granite proppants. |
Founded in 1,994 |
Market share Products have good recognition in international markets, particularly the USA and Europe, operating in niche sectors like guar derivatives and proppants. |
Problem solved Provides guar-based solutions for industrial applications and is evolving to meet demand in construction and oil fracturing proppant markets. |
Top clients or who we serve Serves B2B customers in textiles, food, pharmaceuticals, oil drilling, paper, explosives, and plans expansion into real estate clients and government housing projects. |
Key management - |
Our journey and innovations Started with guar products in 1994, expanded capacities by acquisitions by 1997, rebranded in 2008, and diversified into oil fracturing proppants and real estate post 2019. |
Where we operate Primarily India with exports to USA and Europe; plans Pan-India real estate operations. |
Top products or what we offer Refined guar splits, guar polymers, derivatives, cattle feed; expanding into oil fracturing proppants and real estate development. |
Top brands - |
Raw materials needed Guar seeds and granite stone cuttings. |
Raw materials supplier Local suppliers and licensed plants for guar products; granite waste from quarries for proppants. |
Recurring vs cyclical contribution Revenue has seen volatility due to cyclical guar market; diversification aims to stabilize income streams. |
Our industry position Known player in guar-based products; reorientation towards emerging proppant and construction sectors for growth. |
Financial highlights FY 2021 revenue Rs 23.6 crore, net loss Rs 11.39 crore; prior year had revenue Rs 6.95 crore, profit Rs 3.92 crore indicating financial challenges. |
Geographical revenue split - |
Order book - |
Whats driving growth Decline in guar market drove diversification into oil fracturing proppants and real estate construction under government housing schemes. |
Our future plans Develop proppant production and expand real estate projects nationwide under Mukhya Mantri and Pradhan Mantri Awas Yojanas. |
Our green promise - |
Our people and values - |
Key challenges ahead Recovering from financial losses, managing industry downturns, leadership transition, and executing diversification effectively. |
Interesting facts Transitioned from guar gum industry to proppants and real estate addressing market opportunity shifts and resource optimization. |
Risks and strategy Mitigating commodity price volatility via diversification, strengthening management with professionals, and focusing on government-backed real estate projects. |
