• Global Network
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  • About us
    • Fulfilling Aspirations
    • Milestones
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    • Ashapura in Guinea

    Ashapura means “fulfilling aspirations” of all our stakeholders such as customers, employees, shareholders, the environment and the society as a whole. Know more about our group’s philosophy.

    View major milestones from Ashapura's journey of more than 60 years.

    Ashapura has been a leading mine-owner, processor & exporter of various industrial minerals like Bentonite, Bauxite, Bleaching Clay etc

    Meet the leaders of Ashapura who are shaping its vision and progressively leading the group.

  • Products
    • Industrial Functional Minerals
    • Advanced Refractory Materials
    • Hydrocarbon Exploration Solutions
    • Adsorbent Solutions
    • White Performance Minerals
    • Super Speciality Refined Mineral Products
    • Building Materials and Chemicals
    • Kaolin
    • Silica Sand
    • Ball Clay
    • 15% market share in global Bauxite exports.

    • Worlds 3rd largest producer of Bentonite.

    • India's 2nd largest producer of Kaolin.

    India's largest producer of refractory.

    Pioneer & largest producer of proppants in India.

    Worlds third largest Bleaching Clay producer.

    India's largest white minerals solutions provider.

    India's leading speciality minerals producer.

    Wide range of products for waterproofing

    Ashapura Kaolin

    Ashapura Silica Sand

    Ashapura Ball Clay

  • Sustainabilty
    • Environment
    • Ashapura Foundation
    • HM Craft Park
    • Vande Mataram Memorial
    • CSR Activity

    Ashapura has always sought to minimise the environmental impact of its activities and to continually seek to explore environment friendly ways of mining and mineral processing.

    Ashapura Foundation is a non-profit which works towards social, cultural and rural development of Kutch District of Gujarat, India. Read more about the organisations projects and initiatives.

    Hiralaxmi Memorial Craft park is our group’s project with a vision to preserve, restore and promote the arts of Kutch and make them accessible to masses. Explore more about HM Craft Park.

    First of its kind, Vande Mataram is a 4D memorial dedicated to Indian Freedom Struggle. Know more about this project.

    CSR Activity By Ashapura Group.

  • Investors
    • Overview
    • Financial Information
    • ShareHolder Information
    • Disclosures
    • Corporate-Governance
    • Code & Policy
    • Downloads
    • Other Information

    Download Policies and other investor communications.

    Browse through this section for financial-highlights figures, corporate governance reports and other related information regarding Ashapura.

    Know about Board of Directors and browse through Reports, framework and systems for corporate governance.

  • Online Payment
    • Ashapura Minechem Payment
    • Bombay Minerals Payment

    Online Payment for Ashapura Minechem Ltd.

    Online Payment for Bombay Mineral Ltd.

  • Vendor Registration
    • Vendor Registration Portal
    • Vendor Registration User Manual

    Vendor Registration Link

    Vendor Registration User Manual

About us

  • Fulfilling Aspirations
  • Milestones
  • Leadership Team
  • Ashapura in Guinea

Products

  • Industrial Functional Minerals
  • Advanced refractory Materials
  • Hydrocarbon Exploration Solutions
  • Adsorbent Solutions
  • White Performance Minerals
  • Super Speciality Refined Mineral Products
  • Building Materials and Chemicals
  • Kaolin
  • Silica Sand
  • Ball Clay

Sustainability

  • Environment
  • Ashapura Foundation
  • HM Craft Park
  • Vande Mataram Memorial

Investors

  • Investors Corner
  • Financial Highlights
  • Corporate Governance
  • Share Performance

Online Payment

  • AML Payment
  • BML Payment

Expenses Portal

  • Expenses Portal
  • Expenses Guide

LEADERSHIP TEAM

Board of Directors of Ashapura Minechem Ltd.

Shri Chetan Shah (Chairman)

Executive Director

Shri Hemul Shah

Executive Director , CEO

Shri Dipak Vora

Non-Executive Independent Director

Shri Pundarik Sanyal

Non-Executive Independent Director

Smt Himani Shah

Non-Executive Non Independent Director

Smt Neeta Shah

Non – Executive Independent Director

Mrs Surekha Sathe

Non-Executive Independent Director


Management

  • Shri Chetan Mehra

    Executive Director, Ashapura Perfoclay Ltd.

  • Shri Avijit Mukherjee

    Whole-Time Director

  • Shri Sachin Polke

    Company Secretary & President (Corporate Affairs)

  • Shri Ashish Desai

    Chief Financial Officer (CFO)

Shri Chetan Shah

Executive Chairman

Chetan Shah is a Management Graduate and has been associated with the group for the last 42 years. Under his guidance and tutelage, the Ashapura Group has metamorphosed from a single product – single location company into a multi-mineral solutions conglomerate spread over 8 countries across the globe offering more than 120 products. Globally, Ashapura is a preferred supplier of more than 10 million tons of minerals to over 70 countries.

Chetan Shah is a perennial source of inspiration for the Group’s 2,800 + employees. Ashapura has greatly benefited from his inclination to share his dreams and their fruits with all the group’s stakeholders.

The Ashapura Group over the years has imbibed its philanthropic streak from Chetan Shah, the Ashapura Foundation has touched thousands of lives through its initiatives in water harvesting, education, vocation training and women’s empowerment and social upliftment through the restoration and promotion of arts & crafts from Gujarat.

Shri Rajnikant Pajwani

(Whole Time Director & Chief Executive Officer)

Shri Rajnikant Pajwani is a mechanical engineer by qualification. He is endowed with expertise in aspects of mining, mineral processing, projects, logistics, resource development and business development by virtue of his over 3 decades of rich and varied experience in the mining and mineral processing industry.

Shri Rajnikant Pajwani’s global expertise in regulatory and policy aspects of the mining industry coupled with his techo-commercial acumen would make him a welcome addition to the august of Board of Directors of Ashapura Minechem Ltd.

Shri Ashok Kadakia

(Non-Executive Independent Director)

Ashok Kadakia is an Industrialist with over 3 decades of experience in Chemical Industry.

Shri Abhilash Munsif

(Non-Executive Independent Director)

Abhilash Munsif is a well-experienced diplomat, fully conversant with the working of United Nation systems and the High Level Commissions. He has worked for 8 years in private sector in London. He has also held positions at CFO / CAO / Director Level with several organs of United Nations in Switzerland, Asia & Africa and with High Level Commissions like “South Commission”, comprising 18 countries & Summit level group of Developing Countries (G-15) comprising 15 countries.

His last assignment was with ‘World Intellectual Property Organization (Geneva) as the Director of Finance for 8 years. He has travelled extensively to over 50 countries, has met several heads of the states and/or governments, and has established excellent connections at the highest level in several countries in Asia, Africa, Latin America and the Middle East.

Shri Dipak Vora

(Non-Executive Independent Director)

Mr. Dipak Vora, a Commerce Graduate, is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) since 1985. He has extensive experience in the field of Accounts, Audit and Financial management. Mr. Vora has served as a Director on the Boards of M/s Bombay Minerals Limited and M/s Prashansha Ceramics Limited. He was designated as ‘President’ having a complete charge of the Accounts, Audit and Finance at Ashapura Perfoclay Limited. With his vast exposure and knowledge in Accounting, Audit and Financial sphere, Mr. Vora is well-positioned to make a substantial contribution as an Independent Director on the Board of the Company.

Shri Pundarik Sanyal

(Non-Executive Independent Director)

Shri Pundarik Sanyal, B.Sc. Tech. (Textile Technology), has over 30 years of expertise in various areas of the banking industry. After working for about two and a half years in the shop floor of top Textile Mills in Ahmedabad, he joined Bank of India in the year 1973 as a Direct Recruit Officer. In a span of 34 years, he worked in London Branch as an officer in Credit and Management Information Department, posted as country head in Africa for over three and a half years and worked as a Top Executive Grade VII - General Manager from May 2001.

He showed 6 years of consistent high performance as MD on deputation to a lending NBFC & holding company for a Primary dealer in G-Sec, Equity Broking (since sold to Standard Chartered Bank) & Commodity Broking. He also served as a Govt. of India nominated Director in Central Warehousing Corporation of India under the Ministry of Food & Agriculture.

Shri Hemul Shah

(Executive Director & CEO)

Hemul Shah has been associated with the Ashapura Group at different levels for more than 3 decades. He has strong business acumen, strategic intelligence, execution abilities and also has rich experience in Planning; Operational and General Management

Mrs. Neeta Shah

Non – Executive Independent Director

Neeta Shah is Bachelor of Arts and has completed Bachelor of Education. She has good exposure in Marketing and also been prominently involved in various social welfare activities.

Mrs. Surekha Sathe

Non-Executive Independent Director

Mrs. Surekha Sathe brings over 35 years of rich experience in Information Technology, with a strong track record in ERP implementation, IT infrastructure management, and project execution. Throughout her career, she has led numerous customized ERP initiatives and developed business applications across manufacturing, export, and trading industries.

She retired as a Head of IT at Ashapura Minechem Limited in 2020, where she played a pivotal role in driving digital initiatives, including the successful implementation of SAP.

Her understanding of business processes, coupled with her expertise in IT project management, positions her to offer strategic insights as an Independent Director.

Smt Himani Shah

(Non-Executive Non Independent Director)

Himani Shah is a Commerce Graduate and has done International Diploma Program in Marketing & Communication from University of California Berkeley Ext., USA. She has considerable exposure in Marketing, Business Development & Human Resource domain.

Domain Leadership

  • Worlds 3rd largest producer of Bentonite.
  • Worlds 3rd largest Bleaching Clay producer.
  • India's largest producer of refractory material.
  • India's largest producer of proppants.

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