What Mahalaxmi Group does

Mahalaxmi Group is a privately held Indian industrial conglomerate founded in 1985 by Laxmi Chand Singhal as a sole proprietorship coal-trading firm in Meerut, Uttar Pradesh, and now headquartered in Guwahati, Assam. Under Chairman Naveen Singhal, the group operates through 13 companies across six business verticals: coal trading (import and domestic, sourcing from South Africa, Indonesia, Australia and the US), coke manufacturing (LAM, Met, Pearl and Coke Breeze across four plants), power generation (coke oven gas tapping at 8-12 MW per plant for a total of 24 MW), commodity trading, infrastructure/real estate (via Universal Infraworld), and logistics. Vertically integrated coal-to-coke-to-power operations are anchored by coal mining at Naginimora, Nagaland through Mahalaxmi Mining and an e-auction supply relationship with Coal India subsidiaries NEC and BCCL since 2009.

The group's go-to-market is B2B and sales-led, serving industrial manufacturers of steel, ferro alloys, silicon, paper and bricks across North, East, West and Central India from offices in Guwahati, Kolkata, Gandhidham, Paradip, Cuttack and Haldia. International expansion began in 2021 with LAM coke exports of 22,000 MT to Indonesia and 21,590 MT to Italy's Acciaierie d'Italia via Paradip Port, with reported FY 2023-24 turnover of ₹2,500 crore. Revenue mechanics are predominantly transactional commodity trading (per-tonne coal and coke sales, government e-auction contracts) plus power hardware sales from in-house generation; pricing is quote-based and not publicly disclosed.

In 2020 the group announced a ₹5,000 crore investment program for Northeast India covering a pulp and paper mill, three coal mines and three cement plants, signaling an aggressive vertical and geographic diversification beyond the coal-coke core. Ownership remains concentrated in the Singhal family, with no disclosed external private equity or venture capital, and key acquisitions to date (Wellman Coke India in 2018, Ennore Coke in 2021) have been executed without third-party capital.

Name

Mahalaxmi Group

Legal name

Mahalaxmi Group

Website

https://mahalaxmigrp.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Mahalaxmi Group is a privately held Indian industrial conglomerate that imports and trades coal, manufactures metallurgical coke, and generates power from coke oven gas, serving steel, ferro alloy, silicon and paper manufacturers across India and exporting LAM coke to Italy and Indonesia.

Ownership category

akta.pro rank

Product category

Industrial Coal & Coke

NAICS

Coal and Other Mineral and Ore Merchant Wholesalers (42352), Coal and Other Mineral and Ore Merchant Wholesalers (423520), Petroleum and Coal Products Manufacturing (324)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050), Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312)

akta.pro primary industry

Coal & Metallurgical Coke Marketing & Trading (IMAKAJAH)

akta.pro secondary industry

Coal Marketing & Trading (IMAKAIAK)

Keywords

• Thermal coal trading
• Coke manufacturing
• Metallurgical coke supply
• Coal import services
• Coke oven power generation

Headquarters

HQ city

Guwahati

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Coal Trading (Import & Domestic): Principal importers of South African, Indonesian, Australian and US coal. Trading coal to both public and private sector clients across India.
2. Coke Manufacturing and Export: Manufacturing and exporting LAM Coke, Met Coke, Pearl Coke, and Coke Breeze. Four coke manufacturing units in India. Exports to Italy and Indonesia for steel industry.
3. Power Generation: Coke oven gas tapping for power generation at Mahalaxmi Ennore Coke and Power and Mahalaxmi Wellman Fuel LLP plants. Current capacity of 8-12 MW each.
4. Commodity Trading: Trading in paper, minerals, limestone, bamboo, waste paper, scrap iron, agro-products, and manganese ore. Also paddy and rice production.
5. Infrastructure and Real Estate: Construction business for commercial and residential projects under Universal Infraworld Pvt. Ltd.
6. Logistics Services: Shipping and cargo transportation services for coal and coke, ensuring timely and safe arrival of cargo with full transportation support.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Mahalaxmi Group is an industrial conglomerate that primarily trades and distributes thermal and metallurgical coal (imported from South Africa, Indonesia, Australia, and the US, plus domestic) and manufactures coke products (LAM Coke, Met Coke, Pearl Coke, Coke Breeze) through four manufacturing units in India. It also generates power via coke oven gas tapping at its plants and offers supporting commodity trading, infrastructure development, and logistics services to industrial clients in steel, ferro alloy, silicon, paper, and brick manufacturing.

Product overview

Mahalaxmi Group is a diversified industrial conglomerate offering a portfolio of interconnected products and services centered on coal, coke, and energy. The core offerings include Coal Trading (import and domestic supply of South African, Indonesian, Australian, and US coal), Coke Manufacturing (LAM Coke, Met Coke, Pearl Coke, and Coke Breeze through four manufacturing units), and Power Generation (coke oven gas tapping for electricity with 8-12 MW capacity plants). Supporting business verticals include Commodities Trading (paper, minerals, limestone, bamboo, agro-products), Infrastructure (construction under Universal Infraworld Pvt. Ltd.), and Logistics (shipping and transportation services). Key subsidiaries include Mahalaxmi Continental Limited (coal trading and exports), Mahalaxmi Wellman Fuel LLP, Mahalaxmi Ennore Coke and Power (P) Ltd, Maa Kamakhya Coke Industries, and Mahalaxmi India Pvt Ltd. The group has achieved international presence through LAM coke exports to Italy and Indonesia.

Differentiator

Problem solved

Functional benefit

Products and services

• Coal Trading Supplying and trading of imported and domestic thermal coal to meet public and private sector demand. Principal importer of South African, Indonesian, Australian, and US coal. Capacity to trade 10 lakhs+ MT annually, valued at ₹800 crore.
• Coke Manufacturing Manufacturing and supplying LAM Coke, Met Coke, Pearl Coke, and Coke Breeze conforming to international quality standards. Operates four coke manufacturing units in India (Cuttack, Odisha; Haldia, West Bengal; North Guwahati, Assam; and another unit), with combined capacity of 2 lakhs+ MT and ₹600 crore business value. Exports to steel manufacturers in Italy (Acciaierie d'Italia) and Indonesia.
• Power Generation Power generation through coke oven gas tapping by recovering waste gas from coke manufacturing at Mahalaxmi Ennore Coke and Power (P) Ltd and Mahalaxmi Wellman Fuel LLP plants, with capacity of 8-12 MW at each plant (24 MW total). Reduces GHG emissions by recovering waste gas for electricity production.
• Commodities Trading Trading and manufacturing of various goods including paper, minerals, limestone, bamboo, waste paper, scrap iron, agro-products, and manganese ore. Also includes paddy and rice production. Supported by strong sourcing networks and market presence.
• Infrastructure and Real Estate Construction business involving both commercial and residential projects, promoted under Universal Infraworld Pvt. Ltd., focused on building robust infrastructure to facilitate material movement.
• Logistics Services Shipping and cargo transportation services for coal and coke, ensuring timely and safe arrival of cargo with full transportation support. Includes in-house logistics coordination for procurement and physical movement.

Quantifiable outcome

• Surpassed ₹2,500 crore turnover in FY 2023-24
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Mahalaxmi Kitchen World (Blum India Experience Centre partnership)minorChannel Partner/ Reseller/ Distributor · 24 February 2026Blum India partnered with Mahalaxmi Kitchen World to open an Experience Centre in Ulhasnagar, Maharashtra. The centre allows architects, designers, and homeowners to test furniture hardware products like LEGRABOX, TANDEMBOX antaro, and AVENTOS HK top. This appears to be a related entity rather than the core Mahalaxmi Group coal/coke business.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Adani Enterprises: Adani Enterprises is one of India's largest coal importers, commodity traders, and infrastructure operators. It directly overlaps with Mahalaxmi's thermal coal import and trading business while operating at significantly larger scale across multiple verticals including mining, power, and infrastructure.
• Jindal Steel and Power: Jindal Steel and Power is an integrated steel producer with captive coal mines and coke oven operations. While larger and focused on steel, it is a comparable vertically integrated player that consumes metallurgical coke and operates coal-based energy infrastructure overlapping with Mahalaxmi's industrial customer base.
• Tata Steel: Tata Steel is India's largest private-sector steel producer with captive coal mining and coke manufacturing operations. While substantially larger and steel-focused, it represents the type of integrated coal-to-coke-to-steel value chain that informs Mahalaxmi's strategic positioning in supplying LAM coke to carbon steel producers.
• Vedanta Limited: Vedanta is a diversified metals and mining conglomerate operating in iron ore, aluminum, zinc, and power generation. It is comparable to Mahalaxmi as a diversified Indian industrial conglomerate with mining, commodity trading, and power generation operations, though at significantly larger scale.
• Coal India Limited: Coal India is the state-owned coal mining and marketing giant that dominates Indian coal production. Mahalaxmi holds Fuel Supply Agreements with Coal India subsidiaries (NEC, BCCL) for e-auction procurement, making Coal India both a supplier and strategic counterparty shaping the coal trading landscape in which Mahalaxmi operates.

Direct peers

• Indian Metals & Ferro Alloys (IMFA): IMFA is one of India's largest producers of ferro alloys with captive coke manufacturing capacity. It is a direct comparable to Mahalaxmi's coke manufacturing operations, particularly the supply of metallurgical coke to ferro alloy producers and steel manufacturers.
• Gujarat NRE Coke: Gujarat NRE Coke is a dedicated metallurgical coke manufacturer in India with multiple plants producing LAM coke and other grades. It directly competes with Mahalaxmi's four coke manufacturing units in serving steel industry customers domestically and through exports.
• Sainik Industries: Sainik Industries is an Indian coal importer and trader with overlapping sourcing geographies including Indonesia and South Africa. It is a direct mid-market comparable to Mahalaxmi's coal trading business serving industrial and government clients across India.

Regional players

• Solid Energy (Indonesia): Solid Energy is an Indonesian coal producer and exporter serving Asian industrial markets. It is comparable as a regional coal market participant overlapping with Mahalaxmi's Indonesian sourcing and export operations in South and Southeast Asian trade flows.

Others

• Hindustan Paper Corporation: Hindustan Paper Corporation is a government-owned paper manufacturer and a long-term coal customer of Mahalaxmi. It is comparable as a downstream industrial off-taker of coal that shapes demand for Mahalaxmi's coal trading business and a future customer for the group's planned pulp and paper mill expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/MahalaxmiG96058
• Facebookfacebook.com/mahalaxmigrp
• LinkedInlinkedin.com/company/mahalaxmi-mining-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mahalaxmi Group