The Company was originally incorporated on December 30, 2016 as 'Kotyark Industries Private Limited' under the provisions of Companies Act, 2013 with the Registrar of Companies. Further, Company got c
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onverted into Public Limited Company and consequently name of Company was changed from 'Kotyark Industries Private Limited' to 'Kotyark Industries Limited' vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting held on July 24, 2021 and a fresh Certificate of Incorporation dated August 05, 2021 issued by the Registrar of Companies, Ahmedabad. Further Mr. Gaurang Rameshchandra Shah became the Present Promoter and Director of the Company from the year 2018 who has been instrumental in the growth of business and actively advise clients on finance, corporate strategy and planning of the Company. The Company has a manufacturing plant in Sirohi Dist., Rajasthan, which is equipped with adequate machinery and technology for manufacturing of bio fuels.
The Company is primarily engaged in the manufacturing of Bio Fuel which is an alternative source of energy and has the ability to replace and a good substitutes of traditional fossil fuels like coal, firewood, lignite, etc. The Company is serving towards renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology that favors the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport as well as various equipment and Gen Sets.
The Company from its incorporation till the year May, 2019 was in wholesale trading of BioFuels where the Company Purchase BioFuel from its Group Company and other parties and sale to the customers of the Company. Later in the year 2019, Company succeeded in setting-up its manufacturing unit at Sirohi District, Rajasthan thus making diversification in range of products and increasing the scalability of its business. The Company is positioned as a socially responsible entity as it has a Zero Discharge in terms of Effluents. Also, the Company works on slogan i.e. 'The Policy is Clear and the Intention is Clear'. The Company is an approved manufacturer of Biodiesel and has received Letter of Intent from Biofuel Authority, Rural Development, Panchayat Raj Department, Government of Rajasthan and received permission from Government of Rajasthan for setting up Mobile Retail Outlet for sale of BioDiesel. Further, Company has entered into Mobile Retail Outlet (MRO) Agreement with various parties for retail sale or supply at the mobile retails outlets.
In Addition, the Ministry of Petroleum and Natural Gas vide its notification dated August 10, 2015 permit the sale of biodiesel (B-100) for blending with high speed diesel to bulk consumers, in accordance with the standards specified by Bureau of Indian Standards. Also, the Company has received Letter of Intent/ Letter of acceptance from Indian Oil Corporation Limited for procurement of Biodiesel for Blending with HSD (High Speed Diesel).
The Company believe in qualitative production matching the customer requirements, timely deliverables and cost efficiency and have thereby developed a long-continuing relationship with its customers. With the experience of Promoter, technological drive, continuous research, supplier tie-ups, customer relationships, government support and industry demand for biofuel, Company is one of the key players across the state of Gujarat and Rajasthan in bio-fuel sector and has plans to expand its presence on PAN India basis.
The Company's aims to be within the best companies in its line of business and is accordingly continuously investing in state of art facility conducive to realize this aim. Company with its team is committed to offer the most varied range and latest technology in each of its products. To achieve the above stated aim, the Company is continuously investing in development of new products & technologies, either on its own or through collaboration with suitable technology partner. Upon award of the project, the design and engineering team plan and co-ordinate the activities to ensure correct delivery of the project.
The Company has a well-diversified customer base catering to various segments. The customers of the company include Oil Marketing Companies like Indian Oil Corporation Limited, bulk buyers being Transport Contractor, Mining Companies etc. Its strategy is to seek new customers and at the same time secure additional engagements from existing customers by providing high quality products. Apart for the above, the Company is regularly selling the product to bulk buyers being Transport Contractor, Mining Companies etc. The Company has also license for establishment of static and mobile retail outlets in the state of Rajasthan. At present, the Company has permission of 25 such units which can be extended up to 250 units' subject to approval from Rajasthan State Government. The Company intend to focus on existing markets., to expand its existing distribution base; continuously hold the markets trends; supply quality products. and fulfillment of order quantity. Thus, the Company has opportunity to sale the production in wholesale as well as retail market depending upon the choice.
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