The history of Agarwal Group is an interesting saga of the transformation of a small venture to a Gigantic Business Group.
It all began from Rohtak (Haryana) from where the founders of the group belong. Subsequently, destiny brought them to Indore the commercial capital of M.P. which soon became their show-ground.
Here Mr. Purshottam Agarwal along with his brother Mr. Vinod Agarwal and with the outright support and encouragement of his beloved father Late Shri Ram Kumar Agarwal commenced Agarwal Transport Corporation in 1973-74 – a firm involved in the transportation of Indian Coal.
Gradually they got diversified into coal business and embarked on to launch Agarwal Coal Corporation. Thereafter this firm was converted into a corporate company with the name Agarwal Coal Corporation Pvt. Ltd. under the management of Mr. Vinod K. Agarwal. Today this company is one of the largest importers of coal in India.
All the three brothers independently further strengthened the success and diversified the group into various sectors.
The group has set many milestones for itself and also for the others and can be rightly termed as a trendsetter. Its voyage in the vast ocean of success still continues as it diversifies itself into various fields.
Commencement: This incredibly large business group of Central India saw the light of the day in 1973 with the incorporation of its very first logistics company by the name Agarwal Transport Corporation Pvt. Ltd.
The credit for the rapid expansion & perpetual growth of the group goes to Mr. Purshottam Agarwal – The Honorable Chairman of the group, Mr. Vinod K Agarwal- The Vice Chairman of the group and Mr.Sanjay K. Agarwal - The Managing Director of the group.
Mr.Purshottam Agarwal the formidable force behind the success of “Agarwal Group” dreamt of setting up a global business empire when he was just in his teens. He is the founder of “Agarwal Coal Corporation” and the Chairman of the “Agarwal Group”.
He humbly began his entrepreneurship career with the business of booking trucks for coal transportation which he soon diversified into various other ventures. Mr.Purshottam Agarwal firmly believed that a business could take a global shape despite being based at Indore and he thus expanded the coal business all over the country. Under his stewardship , ‘Agarwal Coal Corporation Pvt. Ltd.’- The flagship company of the “Agarwal Group” rose to become one of the largest coal importers of India.
Apart from the flagship coal business of the group it is diversified in ventures such as :
The group initiated its success story with the incorporation of Agarwal Transport Corporation in 1973-74. Later on this firm took the shape of a company under the name ‘Agarwal Transport Corporation Pvt. Ltd.’ The company looks after stevedoring, handling and inland transportation of coal through roadways and railways both.
"Finance is said to be the life-blood of the Commercial Sector". One of the Agarwal group’s ventures is the leading vehicle finance company ‘Ad-Manum Finance Ltd’.
This company is a Bombay Stock Exchange (BSE) listed company offering high returns to its investors & share-holders. It has twenty-five branches running profitably in the states of Madhya Pradesh, Maharashtra, Gujarat and Rajasthan. The prospects of the group in this sector are bright visit Admanum Finance website
With a view to provide a congenial dwelling atmosphere to the people of Indore, the group has recently stepped in the rapidly growing field of construction. The company involved in this segment of Agarwal Group is ‘Agarwal Real City Pvt. Ltd’. The group has recently completed various residential projects namely Sanjana Park 1 & 2, Chameli Villas & Emerald Court. Emerald Pratham & Emerald Anutham are in pipeline.
The group has a number of Ware Houses and a Cold Storage by the name Sanjana Cold Storage Pvt. Ltd. on the outskirts of Indore which cater to the needs of the farming community.
“Sound education is the core of the development of the human civilization.”
Keeping this in view the group runs some of the most renowned educational brands & institutions which are:
Agarwal Public School (I&II) - A well renowned brand of schools of central India in existence since 1994 with a present strength of over three thousand students. visit Agarwal Public School Website
Chameli Devi Public School (I&II) - One of its kind pioneering schools offering quality education at the least possible cost.
Chameli Devi Group of Institutions - Rapidly progressing group of Institutions of Indore, comprising of Chameli Devi School of Engineering & Chameli Devi Institute of Professional Studies. visit Chameli Devi Group of Institutions Website
Publication The unique concept of Learn by Fun (LBF) was conceived by the Chairman of the group Mr. Purshottam Agarwal. LBF offers course books in various subjects till 8th standard and is considered to be a revolutionary concept in the modern academic arena. visit Learn By Fun Website
The group has two fully automated polymer Packaging Industries by the name ‘Ad-Manum Packaging Ltd.’ which are situated at the industrial sector of Indore, Pithampur. Due to the high volume of these factories the group holds the honor of being one of the largest cement sack manufacturers in India. visit Admanum website
The group has two flourmills by the name ‘Commander Industries’ and 'Chameli Devi Flour Mills’. Which are state of the art plants imported from Switzerland. visit Commander Foods website
The Malwa Region is famous all over India for its hospitality and the delicious food. Following this tradition the group established the village resort ‘Nakhrali Dhani’ at Rau near Indore in 1995. The slogans of “Ram Ram Sa” & “Padharo Sa” will remind you of the typical Malwi & Rajasthani culture. visit Nakhrali Dhani website
The group has also spread its branches outside the periphery of India and has acquired a global shape. The group has established an overseas venture at Singapore by the name ‘Agarwal Coal Corporation (S) Pte. Ltd.’
“Energy Conservation is the order of the day.” In this era when the whole world is aiming at energy generation through non-conventional energy resources, the group has installed several wind power generation plants in Madhaya Pradesh, Rajasthan and Maharashtra with a view to promote the cause of environment protection.
Mr. Vinod K. Agarwal the Vice-Chairman of Agarwal Group and the Managing Director of ‘Agarwal Coal Corporation Pvt. Ltd.' is a person endowed with immeasurable commercial intellect, farsighted approach and an indomitable determination to lead his group towards the peak.
With the inspiration from his father and the blessings of his beloved mother, he commenced his business career at the juvenile age of merely 15 years. It is a fact worth noting that he was not a graduate when he launched his career. Subsequently, being a bright student he acquired the degree of B.Com. with merit while simultaneously carrying out the responsibilities of the business. With his strategic vision and knowledge, he has succeeded in taking his group to the top-most rung of the ladder.
He believes in running the business in a very professional manner with strict supervision and guidelines.
Apart from ‘Agarwal Coal Corporation Pvt. Ltd’ he also controls and manages the day to day affairs of the following companies of the group.
Agarwal Real City Pvt. Ltd.
The company was established with a view to provide a congenial dwelling and working atmosphere to the people of Indore. The company has completed its first project called Sanjana Park which comprises of Two Hundred & Fifty row houses and two commercial complexes. Emerald Court is the second project of the company which comprises of four mid rise buildings and a club house. In all Emerald Court has One Hundred & Twenty apartments. Other projects in the pipeline are Emerald Pratham & Emerald Anutham.
Chameli Devi Group of Institutions in a short span is counted amongst the top engineering and management colleges of central India, it comprises of Chameli Devi School of Engineering & Chameli Devi Institute of Professional Studies. visit Chameli Devi Group of Institutions Website
Ad Manum Finance Ltd.
This company is a Bombay Stock Exchange (BSE) listed company offering high returns to its investors & share-holders. The prospects of the group in this sector are bright. visit Admanum Finance website
“Energy Conservation is the order of the day.”. In this era when the whole world is aiming at energy generation through non-conventional energy resources, we have installed totally nine wind power generation plants in Madhya Pradesh, Rajasthan and Maharashtra generating Seven MW of electricity, with a view to promote the cause of environment protection.
Mr. Vinod K. Agarwal is actively involved in various social service activities in the capacity of trustee/ guardian of various social organizations viz.
Mr. Vinod K. Agarwal has been felicitated with the following Awards :
Mr. Tapan Agarwal
A post graduate in business administration from Indian School of Business, Hyderabad & a bachelors of technology in Industrial Engineering from M.S.R.I.T, Bangalore with formal education in Experimental Psychology and Politics & International Relations from the University of Oxford, England.
Mr. Tapan Agarwal is taking Agarwal Group to the next orbit as he transforms the family enterprise into a professional conglomerate, Tapan is the COO for the South African division at Agarwal Coal running his own trade book of over two Million Tonnes per annum, he is also the CEO of the real estate vertical where in a number of affordable housing projects have been launched under his leadership. He is also involved in strategic decision making for the group.
Whenever Agarwal Coal takes a step forward towards profitable growth, it also makes a sincere effort to bring the society a step forward through its social initiatives. In order to fulfill its responsibility towards the society the company invests a sizable part of its net profit towards the welfare of the society & the development of the county at large.
To earn from every penny one invests in business is difficult but to yield the desired results from every penny invested in philanthropic initiatives is even more difficult thus in order to maximize the benefits to the society from its initiatives Agarwal Coal has chalked out the following areas of interest for its CSR initiatives.
Sound Health is the basic need of human sustenance, thus Agarwal Coal has taken the following steps to improve the infrastructure and equipment associated with health care -
A facility set up to provide basic health care facilities to the population residing in the rural areas surrounding Salasar.
The M.D. of Agarwal Coal Mr. Vinod Agarwal has also established a foundation in association with the members of the Agarwal Samaj, which intends to provide free health insurance to the hundreds of needful who are deprived of the best medical facilities.
Agarwal Coal is of the belief that good infrastructure is the corner stone of community development, thus Agarwal Coal has built some sizeable projects in order to create world-class infrastructure for the benefit of all.
The company is supporting the Annapurna Trust, Indore in building a massive religious hermitage and temple at Nashik, Maharashtra.The company has also supported Agarwal Samaj to a great extent in building up necessary infrastructure which benefits the masses.
Agarwal Coal has partnered with a foundation called ‘Friends of the Tribal Society’ which does the amazing job of imparting education to tribal children dwelling in remote areas which are totally aloof from the urban and even the rural setup, Agarwal Coal supports fifteen such schools with the help of FTS. Agarwal Coal also supports various other organizations in their endeavor of supporting education by providing the necessary amenities such as school infrastructure, books & paying fees for the underprivileged students.
"Energy Conservation is the order of the day." In this era when the whole world is aiming at energy generation through non-conventional energy resources, we have installed totally nine wind power generation plants in Madhya Pradesh, Rajasthan and Maharashtra generating Seven MW of electricity, with a view to promote the cause of environment protection.
The flagship company of the Agarwal Group with a turnover of more than Rs.Six Thousand Five Hundered Crore is one of the largest importer and trader of coal in India. In the last fiscal year the company imported nearly Twelve Million Tonnes of coal in the Indian Subcontinent.
However, this summit was reached by the consortium of companies which operate together backing Agarwal Coal in its endeavors. They include the Indian sister concerns, Agarwal Fuel Corporation Pvt. Ltd., Agarmin Coal Washery Pvt. Ltd. ,the international partner based in Singapore Agarwal Coal Corporation (S) Pte. Ltd. & the transportation partner Agarwal Transport Corporation Pvt. Ltd.
The Two Hundred employees strong consortium has an experience of more than thirty-five years in the coal industry, it has operations at Twenty-Four Indian & Twelve Indonesian ports, it also operates from Richards Bay in South Africa.The consortium has twenty-five marketing offices located strategically in close reach of the Industries. The companies together offer a complete mine to plant solution for our customers which include Cement, Steel, Power, Textiles, Brick Chambers, Paper and all other types of industries
Agarwal Coal imports high quality non-coking steam coal from Indonesia & South Africa, it also deals with all subsidiaries of Coal India Ltd. through E-Auction. All the coal procurement and shipping contracts done by the company are in symphony with internationally proclaimed coal price indices and shipping freight indices in order to get the best possible deals in the international markets. As a part of the risk management policy the company follows a strong and dynamic hedging policy in order to reduce the impact of the highly volatile foreign exchange market. Agarwal Coal employs sophisticated enterprise resource planning software (ERP) throughout its business model to integrate all our business processes seamlessly and efficiently. The company also takes the services of some of the best business and financial analysis firms in the world such as Thomson Reuters & Crisil.
During its long voyage since its incorporation in 1973 till date, the company has grown and made miraculous progress under the expert direction and farsighted business approach of Mr. Vinod K. Agarwal – The Managing Director. He possesses commendable business intellect and indomitable determination.
Agarwal Coal Corporation Pvt. Ltd. is a leading supplier of coal in India, it offers a complete mine to plant solution to its customers. Agarwal Coal imports various qualities of coal from Indonesia & South Africa, it also trades in various qualities of Indian Coal. The company with the assistance of its sister concern Agarwal Transport Corporation Pvt. Ltd. has presence in the entire logistics chain involved in the supply of coal which ensures effortless and timely delivery to the customers. The different formats of delivery which the company offers are
The company in all also stocks a million tonnes of coal at various Indian ports throughout the year, it maintains high quality standards with the coal being inspected at various stages by recogonised and accredited inspection agencies. The company also provides expert advice to the industries on the best type of coal suited for the plant & inventory management. Being one of the highest volume suppliers of coal Agarwal Coal has a distinctive edge over its competition in every aspect of the business.
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