Group Companies

Who We Are

To contribute to the sustainable development of Countries, Economies and Society through efficient use of Natural Resources. We strive to achieve what we aim for by deploying the latest technology, processes and control measures to improve productivity and efficiency. Integrity, mutual respect and honesty will be the corner stones to ensure a sustainable future for the organisation and best practices adopted by the management will create growth driver.

Board Members

Minerals of the UAE have become an important revenue-generating source. The trade of UAE’s mining products continues to show positive annual dynamics.

Ramji Lal Bathwal

Director Emeritus

Nirmal Bathwal


Soham Bathwal

Managing Director

Nikunj Bathwal


Our Group Companies at a Glance


The Penguin Trading Agency Limited is duly registered under the Companies Act and has been operational since 1985. The main business activity is Iron Ore mining in Odisha, India. Since Odisha is considered as the hub for a number of Integrated Steel Manufacturing facilities, the operation gets the geographical as well as operational advantage. As per the data of the financial year 2014-2015, the asset base has been raised to approximately USD 70 million. The estimated reserves of the block have been assessed at 60 Million tons of high-grade Iron Ore.


In our constant endeavor to evolve and increasing commitment in the Middle East the group is in the process of facilitating the production of Hydrated Lime and Precipitated Calcium Carbonate (PCC) in the Emirate of Fujairah, UAE. Hydrated Lime and PCC are vital materials for a wide range of industries from Steel to Pharmaceuticals and Cattle Feed. A phased implementation is being adopted. Production from the first phase is slated to begin in September 2017 and implementation of all phases within the following 18 months.

Cost to mine limestone is governed by various sub-activities, viz. drilling, blasting, excavation, reject handling, etc. It is a continuous process that gleans out the weak but important components of mining operations.


The company is in the business of Steel Manufacturing and Power Generation. Through procuring the raw material from its group iron ore mine the company further value adds on the raw material by manufacturing 100,000 Tons Per Annum of Sponge Iron. In 2012 the company was the first ever Sponge Iron company in the world to be awarded ISO 9001, 14001 and 18001 all together. Furthermore, substantial quantity of this Sponge Iron is used to further value add in the companies Steel Melt Shop to manufacture 30,000 Tons Per Annum of Billet.


The company has been in the textile industry since 1992. Our main business is exporting silk hand embroidered which is used in making of traditional dresses and gowns. One of the leading customers in UAE is Regal Stores with a chain of stores located in Deira and Burj Dubai. We have been privileged to supply to leading design houses in Europe such as Armani and Prada for using our material in creation of their garments. Several times such designers have been awarded for garments, which were made using our material.