What we do Vikas WSP Ltd manufactures guar gum powders and derivatives, serving food, pharmaceutical, oil drilling, and textile industries globally, with leading market presence. |
Founded in 1,988 |
Market share World's second largest guar gum producer with expanding capacity to become largest globally. |
Problem solved Provides natural polymers improving water retention and viscosity critical in food processing, pharma, and oil extraction. |
Top clients or who we serve Supplies to food, pharmaceutical, oil, textile, mining sectors; primarily B2B operations. |
Key management - |
Our journey and innovations Established in 1988; expanded capacity for guar derivatives; introduced aroma-free and organic guar gum utilizing novel Maillard reaction tech. |
Where we operate Primarily India with exports worldwide; plants in Rajasthan and previously planned Baroda. |
Top products or what we offer Guar gum powders and polymers: Guar Water Soluble Polymers, Hydroxy Propyl Guar, Carboxy Methyl Hydroxy Propyl Guar. |
Top brands Aroma Free Guar Gum (AFGG) through unique technology; ECOGUAR organic guar seed product line. |
Raw materials needed Mature guar seeds from guar plants, primarily sourced domestically. |
Raw materials supplier Local guar farmers; company actively trains and supports organic farming. |
Recurring vs cyclical contribution Revenue historically cyclical given agricultural raw material dependence and commodity markets. |
Our industry position Among top global guar gum manufacturers, with leadership in technical and food grade polymers. |
Financial highlights FY 2023-24 revenue nil due to halted operations under insolvency; reported loss of INR 2664.94 Lakhs. |
Geographical revenue split Revenue primarily from domestic market; exports significant in prior years, currently operations halted. |
Order book - |
Whats driving growth Prior to CIRP, driven by expansion in oilfield polymers, organic products, technological innovation. |
Our future plans Ramp up new polymer production facilities to become world's largest guar gum manufacturer post-resolutions. |
Our green promise Promotes organic guar cultivation, eco-friendly production and reduction of harmful compounds through advanced processing. |
Our people and values Focus on ethical conduct, employee training, gender equality, and whistleblower protections. |
Key challenges ahead Financial distress due to insolvency, operational suspension, non-cooperation from prior management. |
Interesting facts Set up India's first 100% EOU guar polymer manufacturing in 1990; innovator of Maillard Reaction technology in guar processing. |
Risks and strategy Addressing insolvency challenges through resolution plans; focusing on technological upgrades and capacity expansions post-restructuring. |
