About Ashapura Minechem Limited

Ashapura Minechem Limited is a diversified mineral solutions company incorporated in 1982 and headquartered at Jeevan Udyog Building, 278, 3rd Floor, D. N. Road, Fort, Mumbai – 400001, Maharashtra. The company is listed on BSE (code: 527001) and NSE (symbol: ASHAPURMIN). Its operations span a wide array of minerals, including Bauxite, Bentonite, Kaolin, Bleaching Clay, Silica and Iron Ore, supported by a strategic resource base across India as well as internationally. As of March 31, 2025, Ashapura had a team of over 357 employees across various locations.

What does the Ashapura Minechem Limited do?

• Develops, processes and supplies industrial minerals and related solutions across global markets. Its portfolio covers Bauxite, Bentonite, Kaolin, Bleaching Clay, Silica and Iron Ore.
• Maintains a resource and logistics footprint that enables exports and domestic supply, with a particular emphasis on Guinea for Bauxite and strong domestic operations in Bentonite, Kaolin and Bleaching Clay.

Geographies covered:

India and international markets, with Guinea standing out as a key pillar of the company’s global growth in Bauxite.

Subsidiaries and structure:

The company reports 18 subsidiaries (including step-down subsidiaries), in addition to joint ventures and associates as detailed in the Annual Report’s group structure disclosures.

Key milestones of Ashapura Minechem Limited

• Ashapura’s Guinea Bauxite operations feature three captive ports—most notably the newly commissioned ABB Boffa Port—now fully operational, strengthening export capability and supply chain reliability.
• Continued growth in core domestic segments (Bentonite, Kaolin and Bleaching Clay), with record volumes and ongoing capacity expansion initiatives to meet rising demand.

Ashapura Minechem Limited Key Management

• Chetan Shah, Executive Chairman
• Hemul Shah, Executive Director & Chief Executive Officer
• Ashish Desai, Group Chief Financial Officer
• Sachin Polke, Company Secretary & President (Corporate Affairs)
• Sandeep Deshpande, Group Head – Human Resources & Administration

Latest Updates on Ashapura Minechem Limited

• Guinea expansion and logistics: All three captive ports in Guinea became fully operational during the year, including the newly commissioned ABB Boffa Port, enabling enhanced export capacity and cost efficiencies. The company also entered into a long-term strategic arrangement with China Railway, a Global Fortune 500 company, for mining and logistics operations in Guinea.
• Domestic performance and capacity plans: Bentonite, Kaolin and Bleaching Clay delivered consistent growth in India, achieving record volumes and revenues, with capacity expansion underway to serve domestic and international demand.
• Portfolio diversification: The company is evaluating strategic diversification into ceramic raw materials and new geographies within India, and is exploring technical and financial collaborations to scale its Kaolin, Silica and Quartz businesses.
• Capital actions: During the year, the Board approved the allotment of equity shares upon the conversion of warrants issued on a preferential basis, with the allotment approved on August 13, 2024.
• New subsidiary and restructuring: AQ Minerals Private Limited was incorporated as a wholly owned subsidiary in September 2024. Separately, the company initiated the voluntary liquidation process for Ashapura Holdings Fareast Pte Ltd., a step-down subsidiary in Singapore.
• Renewable energy initiative: The company invested in Arkati Urja LLP, representing a 26% share for a 9 MW solar power plant under a Solar PPA Group Captive Model to support energy needs through renewables.
• Group realignment: Within the group, Bombay Minerals Limited transferred 59,00,000 equity shares of Orient Ceratech Limited to Ashapura International Limited, a fellow subsidiary, and continues as one of OCL’s promoters.