Mercator Ltd, is one of India’s diversified conglomerates, with interests in Coal, Oil & Gas, Shipping & Dredging. We have acquired a position of trust and reliability as a provider of various services under different business segments.
Incorporated on 24th November, 1983 as Mercator Lines Private Limited; the company was converted into a public limited company on 12th April, 1984. Name of the Company was changed to “Mercator Limited” with effect from 22nd November 2011.
Mr. H. K. Mittal the promoter of the company took it over in the year 1988 and under his vision and leadership the company has today acquired the merit of becoming amongst the larger private sector shipping companies in India in terms of tonnage. Since its maiden public issue in 1993, grown manifold in terms of turnover, profits, tonnage and market capitalization. Presently the shares of the Company are listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Since its inception, the company has diversified into various business segments and has acquired a Group structure via various subsidiaries.
Mercator Ltd. owns and operates a variety of shipping fleet of a variety ranging from crude carriers, gas carrier, petroleum product carriers and bulk carriers. The Company also forayed into dredging and presently owns a diverse fleet of Dredgers.
The Group ventured into offshore business with acquisition of Jack-Up Drilling Rig. The rig was received ahead of its schedule & was deployed immediately upon delivery in March 2009; for a period of three years on firm bare boat charter. The Group has since then opted out of the Offshore Drilling segment.
Mercator Group has also acquired economic interest in coal mines in Mozambique and Indonesia with substantial coal resources; as a measure of backward integration to strengthen its shipping activities and to meet the huge energy demand in India. It also provides Coal trading and Coal Logistics solutions.
The Group also owned and operated a Floating Production Unit (FPU) which is a combination of a Mobile Offshore Processing Unit (MOPU) and a Floating Storage & Offloading vessel (FSO). Mercator has recently sold off the FPU as well.
Mercator is currently aldo present in the oil upstream sector with interests in oil & gas blocks in India and Myanmar.
Mr. H. K. Mittal was awarded "Entrepreneur of the Year-2005-06" by The Economic Times of India and "The Entrepreneur of the Year Award Services-2005" by ERNST & YOUNG in November 2005. The Company was awarded the "Star Company of the Year Award" in Small and Medium Sector (SME) by the leading financial newspaper, Business Standard in February 2005. The Company was rated as "Fastest Growing Small Company of India" across all the sectors by Business Today in March 2005. The Company was also nominated consecutively for two years for the "Emerging Company of the Year 2003-04 and 2004-05" by the Economic Times Awards for Corporate Excellence.