Padam Chand Bhutoria and Paras Mal Bhutoria, started coal business in the era of pre-nationalisation, when the collieries were owned by Private Mine Owners. Passing through the era of nationalisation of coal mines and state control on coal distribution, they promoted this company when the process of liberalization started and Colliery Control Order was about to be moderated with the introduction of New Sales Distribution Policy. Godavari Commodities Limited was incorporated in the year 1992. Led by the expertise and guidance of Padam Chand Bhutoria and his younger brother Paras Mal Bhutoria, they have been in the business of coal trading since last two decades. Due to the ethical values embedded in the promoters and the hard work which they have put into the business the company has grown from strength to strength. As the process of Spot E-Auction of coal started by CIL, the company took the opportunity and grew leaps and bounds from a turnover of Rs.218.37 Crores in F.Y. 2009-10 to Rs.881.97 Crores in F.Y 2014-15 at CGAR of 32%. The company is well known in trading circles for the level of commitment and genuine transactions. It has created a strong reputation with Coal India Limited and its subsidiaries and overseas coal miners/suppliers on the basis of the professionalism and strong business acumen of the promoters.
Since inception, they have acquired a wide range of expertise, developed sourcing relationships and created a strong logistics network to emerge as India’s leading coal and coke trader. They are starting the most exciting phase of their development so far, creating an international and integrated infrastructure business having three components: mining, logistics and trading. With foresight, efficiency and dedication they have grown leaps and bounds serving to core Industries and non-core sectors. Through their extensive global network and market expertise; they are well-positioned to continuos drive growth through new collaborations and partnerships.