VMS Industries Ltd, established in 1991 as Varun Management Services Private Limited, transitioned into ship recycling and offshore services in 2007, with a focus on environmentally responsible shipbreaking activities at Sosiya Ship Breaking Yard, Gujarat. The company, certified with ISO and OHSAS standards, expanded its operations by acquiring a plot in Alang-Sosiya and entering the offshore business in 2008. They commenced ship recycling in 2009 and further solidified their market presence with an IPO in 2011, listing on the Bombay Stock Exchange.
Originally engaged in IT services, VMS has evolved into a key player in ship dismantling, which involves recycling steel and removing hazardous materials. Their operations contribute to the global materials economy by facilitating the trading of recyclable metals and supporting local industries while reducing carbon emissions. The company also provides specialized dismantling services for industrial facilities, thereby leveraging strategic expertise and innovation in the recycling sector.
