VMS Industries Limited
The company was incorporated on 2nd December, 1991 at Bhavnagar as Varun Management Services Pvt. Ltd. On May 22nd 2007, the name of the company was changed to VMS Industries Pvt. Ltd. to reflect the activities conducted by the company. The company went public in the year 2011.
The company was built in order to carry out various businesses in a way to provide consultancy and information technology services. Initially, in the years 1992-94, the company was completely involved in computerizing only land records within BMC (Bhavnagar Municipal Corporation). It was later in the year 1995 that they became involved with computerization of ration cards and ration shops.
While being involved with the activities of information technology and consultancy, a boom in the ship breaking industry was observed somewhere around 2003 by the company. At this point VMS decided to diversify itself to involve ship breaking businesses. The change in the policy for ship recycling plant halted the decision for a good while. It was only in the year 2009 that VMS finally started ship recycling and observed a major turnover from it. In the year 2006-07, prior to start ship recycling, VMS partnered with Eternal Automobiles, (Dealers of two wheelers namely Honda) for a 3:1 dealing. In 2008 they began with offshore dealings. VMS had a tug and a speed boat in its name which they run on a daily basis in the markets. The offshore activity is at a halt for a while now.
The Company is continuously making progress and attaining a new position every quarter towards reaching the peak of success. The main mission of the company is to create value for its shareholders. Currently, the company is driven by powerful and highly qualified people who are constantly working towards the betterment & progress of the company.