V. M. Salgaocar & Bro. Pvt. Ltd. (VMSB), The flagship company, is a leader in the Iron Ore trade in Goa and on the West Coast of India. The Company exported its first consignment of 16,500 tonnes of iron ore to Nippon Steel Corporation (NSC) in 1952. Never looking back since then, it has been a competitive and reliable supplier of processed iron ore to NSC and POSCO, which are amongst the world's largest steel makers, besides other steel mills in China, Romania and the Middle East.

The enormous task of mining operations calls for military precision in planning the logistics. The company has planned, integrated approach to the business process that encompasses surveying, extracting, processing, transporting by trucks and barges, transshipping and handling at Berth No 9 at the Mormugao Port. Be it the extraction of ore at the mines or the value adding process at the Dry Screening Plants and the Beneficiation Plant or the transportation by trucks on the roads and by barges in the rivers, each activity is efficiently carried out with regular deployment, allocation and maintenance of machinery and equipment.

The Company has its own mining leases in Goa. Since its inception, VMSB has continuously updated itself with the latest developments in technology to become a fully integrated iron ore company. It has invested in heavy earth moving excavators, trucks, dumpers, generators, screening and beneficiation plants, Ore loading facilities and barges. VMSB owns and operates its own transfer vessel at Mormugao Port and has commissioned in 2006 a state-of-the-art transshipper, in a joint venture with another Goan company, at Panaji Port.

The present iron ore exports of the Group are over 4 million tonnes per annum which can be augmented to over 5 million tonnes to meet additional demand. It has the resources and technology to undertake further expansion in Goa and other states to meet the growing needs of the world's iron and steel industry.

The company is deeply committed to preserving the environment not only in the mining operations but also by exploring renewable sources of energy. It has installed Wind Energy Generators in Maharashtra and Karnataka.

All operations at the mines, processing units, transportation and transshipping as well as the group headquarters are covered under ISO 9001:2000 and ISO 14001:2004 certifications. The company has been the recipient of CAPEXIL Awards for excellence in exports of iron ore for over a decade. It has also received the Trading House Certificate of Recognition from the Director General of Foreign Trade (DGFT), Ministry of Commerce, Govt. of India and a Special Recognition Certificate by Nippon Steel Corporation for Quality and Reliability of supply of iron ore. The mines at Velguem/Surla had received the Subh Karan Sarawagi Environment Award from the Federation of Indian Mineral Industries.