The Dempo Group: The House of Dempo

The name Dempo has been an inseparable part of Goan history, going back in time at least half a millennium. The Sinai Dempos were known then for their large-scale agriculture, imports and trading in diverse products, as also underwriting. Today, Dempo continues, as a forward-looking conglomerate, to inspire trust, regionally, and globally.

Steady Sustainable Growth through Responsible Business

The Dempo Business House broke ground in 1941 with its pioneering iron ore mining and export venture. There has been no looking back ever since. With its range of businesses, and the Group’s enduring CSR endeavours the Dempo involvement in the socio-economic make-up of Goa is broad and deep.

We at Dempo prize the ideal of corporate citizenship. To that end, we have embraced Integrity, Fairness, Teamwork, Innovation, Solicitude and Responsibility as qualities that define us to our stakeholders. Enhancing capital -- economic, social and environmental -- is an article of faith with us.

Today, Dempo stands at the threshold of an era of expansion. Having divested our Goa-based mining business in Fiscal 2009-2010, we are braced for unlocking a slew of new opportunities, upcountry and overseas. The emerging businesses include iron ore mining, shipyard acquisition, an overseas green-field petro-coke project, overseas mineral ore trading as well as mining, and a sunrise industry venture, besides expanding the existing media, travel, foods, and sports-promotion ventures. The Group’s social responsibility projects, too, are being undertaken on an unprecedented scale. Never has the time been more appropriate for scaling up businesses, establishing new ventures, or deeper involvement with local communities.

The Group is poised for a clear point of departure, under the strategic vision of Mr. Shrinivas V. Dempo, an MBA from Carnegie Mellon University, USA. His leadership has seen group turnover rise exponentially from Rupees 2400 Million (US $ 51 Million) to touch Rupees 20000 Million (US $ 426 Million) in Fiscal year 2008-2009, on the eve of the Goa mining business divestment.

Turnover in Rs. Million

Shipbuilding

Pig Iron Manufacturing