VV Minerals India has been in the mining industry for over two decades. In last few years, the company and its founder S. Vaikundarajan have been in the limelight for wrong reasons.
Accusations concerning illegal mining of minerals ilmenite and garnet costing 96000 crores have surfaced recently. There is, however, no evidence to substantiate these accusations.
VV Mineral Vaikundarajan, who has been vocal about the issue, deemed these as baseless accusations and a ploy by rival mining industry to hamper the brand reputation.
Amidst the speculation surrounding political influence on the matter, Vaikundarajan stands firm on his innocence and extends full support to the investigating committee.
IAS officer Ashwin Kumar faced transfer orders when he unethically accused VV Mineral Vaikundarajan of illegal mining through media. Additionally, V Sundaram, an ex IAS officer is known to have sent a detailed letter to state authorities concerning the mining issues. All of these allegations, however, stand untested.
Vaikundarajan runs his company out of Tisayanvilai, a town located 65km from Tiruelveli city in south Tamil Nadu. Local people know Mr. Vaikundarajan as a simple man who wears a simple garb of white shirt and dhoti.
VV Mineral, founded in 1989, is the first private company to get a license to mine minerals and export them. It is the first company to export ilmenite, zircon, garnet and rutile. It has also won national awards for its contribution to export business.
While sand mining in coastal areas has been banned by The National Green Tribunal, the involvement of Vaikundrajan in illegal mining stills stands acquitted.