Founded in the late 1980s, VV Minerals is the leading sand beach mining companies in India. Over the last two decades, the company has won several national awards for its contribution to the export business. Currently, VV Minerals India is the first company to export ilmenite along with zircon, garnet and rutile.
VV Mineral Vaikundarajan, the founder of the company, is known to maintain a low-key profile. Recently, the company has been under scrutiny for illegal sand mining.
VV Mineral Vaikundarajan has also been accused of using powerful political influence against the system. However, there has been no evidence to support any of these allegations.
District Attorney Ashwin Kumar and ex-IAS officer V Sundaram have been vocal in their allegations. In the letter written by the latter, the company is accused of looting Rs. 96,000 crore.
However, VV Mineral Vaikundarajan has denied these allegations as a ploy by rival businesses to defame his company.
Following these allegations, the State government has set up an investigating team to look into the matter. Any evidence against the company is yet to be found.
As of now, the National Green Tribunal has suspended sand mining activities in coastal areas. VV Mineral stays optimistic and states that his enterprise will soon walk clean.