Established in 1941, Chowgule and Company Private Limited (CCPL) is the parent Company of Chowgule Group of Companies. The Company laid the foundation of industry in 1947 and in 1950 a shipment of 9,000 tonnes of iron ore to Japan opened new economic vistas not only for the Company but also for Goa.

In 1951, adopting a unique combination of practical down to-earth-approach and a ‘vision’ , the Company wrote a new theory of success. A theory best exemplified by the the ‘Chowgule Formula’ – a historic agreement signed by the Company with the Japanese steel industry. The arrangement was unique. The Japanese would loan out equipment, men and money to mechanize their mines and the Company would repay the loan through the cost of the ore exported. A brilliant strategy that boosted the volume of iron ore exports from Goa. And the beginning of sage of success. The saga continues even today.

Presently, CCPL is actively involved with activities as diverse as Mining, Beneficiation, Pelletization, Transportation, Export of Iron Ore and Iron Ore Pellets, Shipbuilding and Crane Division.