Ashapura Mine Chem

What Ashapura Mine Chem does

Ashapura Minechem Ltd is a publicly listed Indian multi-mineral solutions company headquartered in Mumbai and operating across India, Guinea, UAE, China and Europe with a workforce of 2,200+ employees. Founded in 1960 and traded on the BSE and NSE, the company processes and exports industrial minerals — Bauxite, Iron Ore, Bentonite, Kaolin, Silica Sand and Attapulgite — and converts them into value-added products across five core verticals: Bauxite & Iron Ore, Bentonite & Allied Minerals, White Performance Minerals (Kaolin), Speciality Adsorbent Solutions (bleaching clays and catalysts) and Advanced Ceramic Materials (proppants, calcined bauxite, chamotte and fused aluminas). It holds the position of World's 3rd largest producer of Bentonite and Bleaching Clay, India's largest producer of Bulk & Specialty Kaolin and Proppants, and is a leading exporter of Bauxite from Guinea.

The company operates dedicated mineral R&D infrastructure — an 11-acre Ashapura Innovation & Knowledge Centre in Bhuj staffed by 70+ scientists — supporting process optimisation, mineral resource testing, characterisation and pilot-scale development. Its technology backbone is multi-mineral processing integrated with downstream value-added manufacturing rather than software or digital platforms. A bridge commissioned in Guinea in late 2024 unlocked access to significant bauxite reserves, and a strategic partnership with China Railway supports the export logistics chain for Guinea volumes, which doubled to 3.16 MMT in Q4 FY26.

Ashapura runs a B2B industrial-mineral export business, selling directly to enterprise customers across 80+ countries — including 50+ Fortune 500 firms — in verticals such as metals and foundries, oil and gas (drilling fluids and proppants), petrochemicals, edible oils, paints, automobiles and construction. Revenue is generated primarily through bulk and specialty mineral product sales on negotiated, multi-year industrial contracts; pricing is not publicly disclosed. FY26 consolidated revenue reached Rs 5,237.13 crore (up 91.21% year-on-year), with net profit of Rs 401.42 crore (up 35.70%), driven materially by the Guinea bauxite ramp.

Name

Ashapura Mine Chem

Legal name

Ashapura Group of Industries

Website

https://ashapura.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ashapura Minechem is an India-headquartered, publicly listed multi-mineral solutions company that processes and exports industrial minerals and value-added products — including bauxite, bentonite, kaolin, bleaching clays and proppants — to 6,000+ enterprise customers in 80+ countries spanning metals, oil & gas, petrochemicals, paints, construction and edible oils.

Ownership category

akta.pro rank

Product category

Industrial Minerals

NAICS

Kaolin, Clay, and Ceramic and Refractory Minerals Mining (212323), Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (21232), Industrial Sand Mining (212322), Ground or Treated Mineral and Earth Manufacturing (327992), Other Metal Ore Mining (21229)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Kaolin & Industrial Clay Mining (Bentonite, Ball Clay, Fuller’s Earth) (IMAKAGAJ)

akta.pro secondary industries

Bauxite Mining & Beneficiation (IMAKACAA), Silica & Quartz Mining (Industrial Silica Sand, High-Purity Quartz) (IMAKAGAK), Industrial Sand (Silica Sand for Foundry, Glass & Industrial Uses) (IMAKAHAK)

Keywords

• Industrial mineral processing
• Bauxite and iron ore mining
• Bentonite and kaolin production
• Oil and gas proppants
• Specialty adsorbent solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Mineral Product Sales: Processing and exporting of industrial minerals including Bauxite, Iron Ore, Bentonite, Kaolin, Silica Sand and Attapulgite. Also integrated value-added products for various industries.
2. Guinea Bauxite Exports: Significant revenue driver with Guinea business doubling bauxite export volumes to 3.16 MMT in Q4 FY26. Major contributor to 104.97% revenue surge.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Ashapura Minechem Limited is a multi-mineral solutions company that processes and exports industrial minerals including Bauxite, Iron Ore, Bentonite, Kaolin, Silica Sand and Attapulgite. It is an integrated value-added products manufacturer supplying mineral-based solutions to industries such as Metals & Foundries, Oil & Gas, Petrochemicals, Edible Oils, Paints, Automobiles, and Construction. The company operates across five core product verticals: Bauxite & Iron Ore, Bentonite & Allied Minerals, White Performance Minerals (Kaolin), Speciality Adsorbent Solutions, and Advanced Ceramic Materials (proppants, calcined bauxite, chamotte, fused aluminas).

Product overview

Ashapura Mine Chem is a multi-mineral solutions company offering a diversified portfolio of industrial minerals and value-added products. The company operates five core product verticals: Bauxite & Iron Ore Business (serving aluminium and steel industries), Bentonite & Allied Minerals (for steel, foundries & oil exploration), White Performance Minerals (Kaolin for paints, fiberglass, construction chemicals), Speciality Adsorbent Solutions (bleaching clays & catalysts for edible oil, jet fuel, petrochemicals), and Advanced Ceramic Materials (proppants, calcined bauxite, chamotte & fused aluminas for oil & gas, refractory, steel & foundry). The company also processes and exports Iron Ore, Silica Sand and Attapulgite. Ashapura holds global market leadership positions as the World's 3rd Largest Producer of Bentonite and Bleaching Clay, and India's Largest Producer of Bulk & Specialty Kaolin and Proppants.

Differentiator

Problem solved

Functional benefit

Products and services

• Bauxite & Iron Ore Business Reliable bauxite and iron ore solutions supporting aluminium, steel, and core infrastructure industries. Ashapura is a leading exporter of bauxite from Guinea.
• Bentonite & Allied Minerals Trusted bentonite based binders powering steel, foundries & oil exploration. Ashapura is the World's 3rd Largest Producer of Bentonite.
• White Performance Minerals (Kaolin) High performance Kaolin driving paints, fiberglass, construction chemicals amongst others. Ashapura is India's Largest Producer of Bulk & Specialty Kaolin.
• Speciality Adsorbent Solutions Bleaching clays & catalysts for the edible and recycled oil, jet fuel refining, and petrochemical industry. Ashapura is the World's 3rd Largest Producer of Bleaching Clay.
• Advanced Ceramic Materials Ceramic and Silica Proppants, NRM, Calcined Bauxite, Chamotte & Fused Aluminas enabling the oil & gas, refractory, steel & foundry industry. Ashapura is India's Largest Producer of Proppants.

Quantifiable outcome

• Doubled Guinea bauxite export volumes to 3.16 MMT in one quarter
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• China RailwaycoreStrategic or Co-development Partner · 1 December 2025Strategic deal with China Railway for Guinea operations. The partnership enabled commissioning of bridge infrastructure granting access to significant bauxite reserves in Guinea, driving doubled profits and 147% stock rally.

Scale indicators15 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Imerys: Global multi-mineral industrial minerals leader with broad portfolio across bentonite, kaolin, and specialty materials for foundries, paints, and oil & gas. Directly comparable as a diversified industrial mineral solutions provider serving overlapping end-markets, but with greater scale and geographic reach than Ashapura.
• Hindalco Industries (Aditya Birla Group): Indian integrated aluminium and copper major with significant bauxite mining operations. Comparable as a large Indian player in the bauxite-to-aluminium value chain, though Hindalco is more downstream-integrated than Ashapura's export-focused model.
• Clariant (Clariant Mining Solutions): Global specialty chemicals company with a mining solutions business providing bleaching earth and adsorbent solutions to edible oils and petrochemical refiners. Comparable in the speciality adsorbent / bleaching clay vertical where Ashapura is the world's 3rd largest producer.
• S&B Industrial Minerals (part of IMERYS): Historical bentonite and perlite producer now under Imerys, focused on foundry, steel, and oil & gas applications. Directly comparable in the bentonite and foundry minerals product lines that anchor Ashapura's core Bentonite & Allied Minerals vertical.

Direct peers

• Minerals Technologies Inc. US-listed specialty minerals company producing bentonite, high-purity kaolin, and processed minerals for industrial applications. Directly comparable business model and product portfolio with overlapping positions in foundry, paper, and oil & gas markets.
• Black Hills Bentonite: US-based bentonite mining and processing company serving foundry, oil & gas, and industrial markets. Direct peer in the bentonite product category, competing with Ashapura in serving global foundry and drilling fluid customers.
• Ashok Alco-Chem Limited: Smaller Indian-listed bentonite and specialty mineral producer serving foundry, oil & gas, and industrial customers. Direct competitor in the Indian bentonite and allied minerals market where Ashapura holds global #3 position.

Regional players

• National Aluminium Company (NALCO): Indian public-sector aluminium producer with captive bauxite mining operations serving its own smelters. Comparable as an Indian bauxite / aluminium value-chain peer, though NALCO is more vertically integrated into metal production rather than focused on mineral exports.
• Gujarat Mineral Development Corporation (GMDC): Indian state-owned mining company producing bauxite, lignite, and other industrial minerals in Gujarat. Comparable as an India-based multi-mineral miner serving domestic industrial customers with overlapping customer segments in metals and construction.
• Vedanta Aluminium: India-focused aluminium producer with captive bauxite mining in Odisha and Chhattisgarh. Comparable as a major Indian bauxite consumer and mining peer, though Vedanta is downstream-integrated into metal rather than focused on bauxite export like Ashapura's Guinea business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/vande_matarammemorial

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Ashapura Mine Chem