VMS

VMS Industries Ltd, incorporated in 1991, operates primarily in the ship breaking industry. The company acquires end-of-life vessels for dismantling and recovers steel scrap and other reusable materials. It is involved in trading ferrous and non-ferrous metals and conducts offshore business activities related to ship recycling. Headquartered in India, VMS Industries carries out its ship recycling operations mainly at the Alang-Sosiya ship-breaking yard in Gujarat, noted as one of the world's largest ship recycling hubs. The company contributes to the circular economy by converting decommissioned maritime assets into raw materials for the steel and manufacturing supply chain. Its business segments include ship breaking, metal trading, and offshore activities tied to these industries.