The journey was initiated by acquiring 100% equity of Mauritius registered Tirupati Resources Mauritius (TRM), promoted by Tirupati Carbons and Chemicals (P) Ltd. India. TRM holds, through step down Madagascar based subsidiary, Tirupati Madagascar Ventures SARL (TMV), referred to as the Vatomina Project. TGPLC further acquired 100% equity of a second operating Flake Graphite Company namely EstablissementRostaing SARL a private company registered in Madagascar holding the Sahamamy Sahasoa Project. To complete its basket in flake graphite value addition chain, TGPLC has entered into an agreement for acquisition of 100% equity shares of Tirupati Specialty Graphite Private Limited, ("TSG") which was incorporated on 20 April 2018 to carry forward the ongoing development of manufacture of downstream flake graphite project and Graphene initiated by TCCPL.