Anmol India Ltd. has announced that it has decided to form “Expansion and Growth Committee”. The role of the Committee will be to explore new opportunities in the Chemical related products and steel related products like Iron Ore, Iron Pellet, Met Coke etc.
The committee will focus on investments in new products and to expand into new demographics. The newly-formed committee will focus on identifying and securing strategic partnerships and collaborations within the chemical and steel-related products sectors. This expansion is set to unlock significant growth potential for the Company, as the demand for steel and chemical-related products continues to surge worldwide.
The company added, “By exploring new opportunities in the steel and chemical-related products markets and leveraging synergies with our existing client base, we aim to broaden our business horizons and solidify our position as a major player in the global trading arena.”
Anmol India is led by Shri Vijay Goyal who has 37 years of experience in the Coal Industry. Recently, Mr. Chakshu Goyal, an ISB Alumnus, has also joined as a board of directors and since then launched various digital initiatives to steer the growth of the company.
Anmol has earned a reputable position in the Coal Import, Trading, and Supply industry with a remarkable growth trajectory since its inception. The company has garnered trust and loyalty from clients across 100 diverse locations in India. It is now venturing into an end-to-end supply chain management approach for commodity trade, encompassing services such as research, procurement using global sourcing strategy, arrangement of: sea freights, cargo handling & insurance, fund management, inland logistics, and last-mile delivery, as part of its expansion plan.
The company is aiming for strategic diversification, including portfolio and demographic diversification, to augment sales and yield the strategic benefits of geographical diversification, flexibility, adaptability, and enhanced negotiating power.
Speaking about strategic diversification, Mr. Chakshu Goyal, Executive director, Anmol India Ltd., further added, “Strategic diversification is a critical component of our long-term success. By expanding our operations into new markets, we can reduce our dependence on any one product or service, which helps to mitigate risk and stabilize our financial performance. Additionally, diversification allows us to take advantage of new growth opportunities and explore new revenue streams.
Our strategic diversification approach leverages our existing strengths and partnerships. When exploring new commodities, we focus on those that can be cross-sold to existing customers or are related to the industries we currently serve. This enables us to enter new markets with ease. Additionally, we prioritize commodities that can be supplied by our existing world-class suppliers whenever possible. By taking a careful and analytical approach to diversification, we can mitigate risk, stabilize our financial performance, and pursue new growth opportunities that align with our core values”
Anmol India Ltd is listed on BSE & NSE. The company is committed to delivering long-term value to its shareholders. The company believes in transparent and ethical business practices and is dedicated to upholding the highest standards of corporate governance.