- Business
- Vikas Proppant & Granite Limited manufactures oil fracturing proppants from wastes and scraps of granite mined in the Kaparda District of Jodhpur, India; produces guar gum powder and guar splits along with their derivatives for applications in food, pet food, oil drilling, textile printing, mining, and paper industries; mines granite blocks; and pursues diversification into real estate development including group housing projects, warehouse projects, and multilevel infrastructure construction. Incorporated in 1994 and headquartered in India, the company operates primarily within the domestic market with a focus on agro-based and materials processing segments. Formerly known as Vikas Granaries Limited, it changed its name to Vikas Proppant & Granite Limited in February 2018 to reflect its strategic shift toward proppant manufacturing and mining activities; in recent years, it has undergone a corporate insolvency resolution process under the National Company Law Tribunal, including creditor committee meetings in 2023 and the filing of a resolution plan by Mr. Kailashchand Mittal, alongside disclosures of substantial acquisition of shares under SEBI regulations in September 2025 and January 2025.