Chowgule Group Of Companies

Description :

Established in 1941, Chowgule and Co. Limited is the parent Company of Chowgule Group of Companies. The Company laid the foundation of industry in Goa and made pioneering contribution to its development. The Company shipped 1, 500 tonnes of manganese ore to Czechoslavakia in 1947. And in 1950, a shipment of 9, 000 tonnes of iron ore to Japan, opened new economic vistas not only for the Company, but also for Goa. In 1951, adopting a unique combination of practical, down-to-earth approach and a 'vision', the Company wrote a new theory of success. A theory best exemplified by the 'Chowgule Formula' - a historic agreement signed by the Company with the Japanese steel industry. The arrangement was unique. The Japanese would loan out equipment, men, and money to mechanize their mines. And the Company would repay the loan through the cost of the ore exported to Japan. A brilliant strategy that boosted the volume of iron ore exports from Goa. And the beginning of a saga of success. The saga continues even today.