What we do VMS Industries Limited operates in ship recycling and offshore business services, dismantling old ships responsibly while trading recyclable metals and industrial asset demolition. |
Founded in 1,991 |
Market share A recognized player in India's Alang-Sosiya shipbreaking yard, leveraging certifications and a growing presence in ship recycling and metal trading sectors. |
Problem solved Provides eco-friendly solutions for disposing of decommissioned ships and trading recyclable metals, supporting environmental preservation and industrial recycling. |
Top clients or who we serve Serves ship owners, offshore service users, metal traders; operates mainly B2B in ship recycling and industrial asset dismantling. |
Key management - |
Our journey and innovations Started as IT and consulting, pivoted to ship recycling in 2009, expanded offshore services and metal trading, pioneered environmentally compliant shipbreaking at Alang-Sosiya. |
Where we operate Primarily India, especially Gujarat’s Alang-Sosiya shipbreaking yards; servicing national and global clients through metal exports. |
Top products or what we offer Ship recycling services, offshore support like tug and speed boat charters, and trading of recyclable industrial metals and asset dismantling. |
Top brands - |
Raw materials needed Old decommissioned ships and recyclable metals such as steel, asbestos removed during shipbreaking. |
Raw materials supplier Ship owners and importers supplying end-of-life vessels for dismantling and metal trading partners. |
Recurring vs cyclical contribution Revenues from ship recycling and metal trading are cyclical with market demand but have recurring contracts in offshore services. |
Our industry position Among leading Indian firms in shipbreaking at Alang-Sosiya, known for certified and environmentally responsible operations. |
Financial highlights FY 2024-25 revenue ₹288.56 crore; net profit ₹6.80 crore; steady growth from prior year with active capital raise via rights issue. |
Geographical revenue split Mainly domestic operations in India; revenue mainly from Indian ship recycling yards and some export metal trade. |
Order book - |
Whats driving growth Rising demand for recyclable metals, government push on environmental recycling compliance and business diversification. |
Our future plans Installing solar power plant, expanding ship recycling capacity, growing offshore charter and asset dismantling services. |
Our green promise ISO certifications for quality, environment and safety ensure eco-friendly ship recycling and resource conservation. |
Our people and values 185 employees (all male); culture emphasizes safety, compliance, transparency, and continuous improvement. |
Key challenges ahead Fluctuating metal prices, regulatory compliance costs, litigation risks and environmental regulations. |
Interesting facts Operates one of India's first certified ship recycling yards with ISO and OHSAS accreditations. |
Risks and strategy Mitigates regulatory risks via certifications; addresses market cyclicality through diversified segments and robust risk management policies. |
