What we do Virya Resources Ltd operates as a coal agency company in India, specializing mainly in steam coal and coal importation services. |
Founded in 1,987 |
Market share Emerging player in Indian coal agency market with growing focus on importation services. |
Problem solved Facilitates efficient coal supply and importation, addressing coal sourcing and logistics challenges for industrial clients. |
Top clients or who we serve Industrial sectors requiring steam coal; primarily B2B clients in steel and infrastructure sectors. |
Key management - |
Our journey and innovations Started in infrastructure subcontracting; expanded to IT and then coal agency operations; rebranded in 2022 to focus on coal trading. |
Where we operate India and Indonesia (through subsidiary PT Virya Resources Indonesia). |
Top products or what we offer Steam coal procurement and coal importation services. |
Top brands - |
Raw materials needed Coal sourced from domestic and international suppliers for client delivery. |
Raw materials supplier Various coal producers and international coal markets. |
Recurring vs cyclical contribution Revenue is cyclical, linked to coal demand and infrastructure projects. |
Our industry position Modest market presence with strategic growth plans in coal import agency segment. |
Financial highlights Reported zero revenue and net loss of Rs. 16.85 lakh in FY 2024-25 due to pandemic-related operational impacts. |
Geographical revenue split Revenue primarily from India; Indonesia subsidiary exploring opportunities. |
Order book - |
Whats driving growth Growing coal demand in India, expansion into import services and leveraging Indonesian subsidiary. |
Our future plans Expand coal importation services and explore new markets for resource acquisitions. |
Our green promise No specific ESG initiatives reported currently. |
Our people and values Focus on maintaining a cooperative work environment fostering innovation and compliance. |
Key challenges ahead Pandemic impacts, competitive coal market, and regulatory compliances. |
Interesting facts Company evolved from paper and infrastructure to coal agency; rebranded recently in 2022. |
Risks and strategy Faces market and operational risks; pursuing diversification and enhanced governance. |
