Ashapura … the journey to excellence
   
When Navnitlal R. Shah, the Company’s Chairman, returned to India from Burma, he had confidence in his ability to convert opportunities to a profitable venture. He started a partnership business in bentonite in the 60’s. By the early 80’s, the business flourished due to the export of drilling grade of Bentonite to the Middle East. The war in the Middle East forced the company to explore new applications. Since then Ashapura never had to look back.

Mr. Navnitlal R. Shah
 Executive Chairman

Some major milestones

1960
:
Mr. N.R. Shah starts a partnership business in bentonite
1970
:
An Office and a factory was set up in Bhuj
1972
:
First export order received from Yugoslavia and then Iraq
1975
:
Chetan Shah, the Chairman’s son, joins the business
1980
:
The Shah family separated from their partners
1980
:
Alternate uses of bentonite explored like oil & water well drilling, iron ore pelletization, metal casting, civil engineering, bleaching clay etc
1982
:

The partnership firm was converted to a Company
1991
:
Marketing alliance established with Mitsubishi Corporation. Major support received mainly in developing Bentonite for Iron Ore Pelletization
1992
:
Ashapura Shipping Ltd. (ASL) established
1993
:
Ashapura Minechem Ltd went public with an equity issue of 600,000 shares
1995
 : Diversification into bauxite business
1995
:
Cat Litter business was started
1997
:
Indo-American-Japanese joint venture Ashapura Volclay Limited started to manufacture value added Bentonite products
1999
:
AMCOL International Corporation acquires 20% stake in Ashapura Minechem Ltd.
2001
:
Established a state-of the -art Knowledge & Innovation Centre at Belapur
2001
:
Ashapura acquired 51% stake in M/s. Bombay Minerals Ltd.
2002
:
Successful commissioning of Acid Activated Bleaching Clay plant
2003
:
Calcined Bauxite plant commissioned
2004
:
Ashapura Group crosses Rs. 500 crores turnover
2005
:
Received in-principle approval from Gujarat Government for setting up Alumina Refinery
2005
:
Geosyntheic Clay Liners (GCL) plant commissioned
2006
:
Bleaching Clay Plant capacity doubled from 25,000 tons to 50,000 tons

New global projects- Nigeria, Antwerp, Malaysia
New domestic projects - Port infrastructure, Kerala for Kaolin
2006
:
Rs. 2500 crore Kutch alumina refinery project receives final OK from Gujarat Government
2007
 : Began setting up a project at Oman
2009
 : Signed MoU with Government of Maharashtra to set up a state-of-the-art Alumina Complex, with a refinery, smelter and captive power plant
2010
 : New Initiatives in Indonesia to explore value added Minerals
 
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