About Kotyark Industries Limited 

Kotyark Industries Limited is an Indian biodiesel producer established in 2016. It describes itself as the only publicly listed Indian enterprise solely dedicated to producing biodiesel and its associated products, with a clear focus on green energy and the sustainable use of renewable resources. The Company’s shares are listed on the National Stock Exchange of India’s SME Platform under the symbol KOTYARK (ISIN: INE0J0B01017).

Kotyark manufactures biodiesel and related products, and caters to a diversified customer base that includes Oil Marketing Companies (OMCs), bulk buyers, and retail biodiesel consumers . Its stock-in-trade includes biodiesel and glycerin, while major raw materials comprise veg ester and its components, palm stearine, base oil, and others . The Company reports zero effluent discharge and refers to itself as a carbon-neutral entity, supported by R&D initiatives and partnerships across the biodiesel value chain.

Operations are entirely within India, with activities currently focussed in Rajasthan; the Company notes geographic concentration in the state as a key risk  . As of March 31, 2023, Kotyark had a permanent workforce of 45 employees and maintains its registered office in Vadodara, Gujarat  . The Company has 1 subsidiary.

Key milestones include its establishment in 2016, positioning as India’s only listed pure-play biodiesel manufacturer, and continued participation in OMC tenders to build long-standing customer partnerships.

Kotyark Industries Limited Key Management

• Gaurang Rameshchandra Shah – Chairman & Managing Director
• Dhruti Shah – Whole-Time Director
• Bhavini Gaurang Shah – Non-Executive Director
• Akshay Jayrajbhai Shah – Non-Executive Independent Director
• Harsh Mukeshbhai Parikh – Non-Executive Independent Director
• Priyanka Atodaria – Chief Financial Officer
• Bhavesh Nagar – Company Secretary & Compliance Officer

Latest Updates on Kotyark Industries Limited 

• Strategic pivot towards supplying OMCs: During FY23, Kotyark reduced exposure to low-margin customer segments and increased supply to higher-margin OMCs, which supported better margins and net profit; the Company also referenced tender wins as it looked ahead to FY24.
• Capacity utilisation push: Management highlights substantial untapped capacity, aiming to maximise utilisation over the coming years without additional CAPEX.
• Raw material security: To address feedstock availability, Kotyark signed a Memorandum of Understanding with the Government of Rajasthan to explore operational measures for enduring supply solutions.
• Equity actions: The Company made a preferential allotment of shares during the year, with auditors noting compliance with the Companies Act, 2013.
• Leadership appointments: FY23 saw the appointment of Priyanka Atodaria as Chief Financial Officer (effective August 13, 2022) and Bhavesh Nagar as Company Secretary & Compliance Officer (effective December 1, 2022).