Dempo
| Private | |
| Industry | Conglomerate |
| Founded | 1941 |
| Founder | Vasantrao S. Dempo |
| Headquarters | Panaji, Goa |
|
Key people
|
Shrinivas Dempo (Chairman) |
| Website | www |
Dempo Mining Corporation Limited is a prominent mining company from the western Indian state of Goa, thanks to Mr. M.M.P. deSouza (one of the founders of the mining industry in Goa). This company was built from Souza Mineralia Pvt. Ltd. The mineral business was founded by Mr. Vasantrao S. Dempo in 1941 along with his younger brother Mr. Vaikuntrao Dempo. Mr. Vasantrao S. Dempo was the Founder Chairman of the company, who was succeeded by his son Mr. Vasudeva V. Dempo. Currently Shrinivas V. Dempo, son of Mr. Vasudeva V. Dempo is the chairman of Dempo Group. Dempo Sports Club is linked to Dempo mining company. Dempo company has interests in many fields and the umbrella company is known as V.S. Dempo & Co. In June 2011 Vedanta Limited acquired Dempo Group's mining assets for ₹17.5 billion (US$260 million).
Dempo recently has divested its mining assets and has entered many businesses The following are the companies which are fully or partially owned by the House of Dempo:
Devashri Real Estate Developers was launched by the Dempo family twenty five years ago, the developers have projects in Panaji, Taleigao, Porvorim, Vasco, Caranzalem and Candandolim.
...
Wikipedia