Company Profile
Board of Directors
Management Philosophy
Site Offices

Company Profile

Founded in 1961,Maharashtra Minerals Corporation Ltd. (MMC Ltd) is one of the few independent mineral companies in India operating in industrial minerals area for five decades.

Currently, all operations are India based, with leases concentrated in the Western part of India. Head office is conveniently located in South Mumbai. Company has four minerals – Silica, Kyanite, Bauxite & Fluorspar.

Since inception, with the then subscribed share capital of $100,000, it is an unlisted public limited company, incorporated under the Companies Act, 1956, with Board of Directors and structured management. It has 10% share investment by the Government of Maharashtra.

MMC Ltd was founded and promoted by late Mr. G.B.Newalkar, long recognised as visionary who transformed India’s Small Scale Industries sector. Current Managing Director is Mr. A.G.Newalkar, originally a chartered accountant & cost accountant by profession, with over three decades of experience in management and organisational development acumen. MMC Ltd’s has had distinguished industrialists, businessmen and illustrious bankers and scientists serving on its board as Board of Directors.

Currently, the company sells silica sand in India. One of the major customers of MMC Ltd's glass grade silica sand is Asahi Glass Co.'s India business.

Board of Directors

Management Philosophy

MMC Ltd’s share holders have appointed Board of Directors. Mr. A.G. Newalkar is Managing Director.

Management Team - Managing Director is supported by able team of experienced, senior as well as junior managers, officers and staff of about 50 people.

Business Divisions - : There are 6 Business Divisions

  • Silica
  • Bauxite
  • Kyanite
  • Flourspar
  • Information Technology
  • Environment & Plantation

These are spread across 7 locations, Mumbai (Head Office), Kolhapur, District Sindhudurg, District Raigad, Nagpur, District Bhandara, District Rajnandgaon

Staff – : Office Assistants support management team and managers at HO. Each mining unit employs machinery, supervisors and labour during mining season of about 400 persons.

Industry Experts & Professional Consultants - : MMCL has a number of very senior consultants advising it professionally on important business and company matters

Distributors & Dealers – : About 10 Distributors & Dealers market and sell MMC Ltd’s minerals and products.