About
Anupam Rasayan India Ltd
Anupam Rasayan India Limited was initially formed as a Partnership Firm as 'Anupam Rasayan' with effect from April 01, 1984 at Surat in Gujarat. The Partnership Firm was registered under the Indian Partnership Act, 1932 with Registrar of Firms, Surat in October 22, 1984.
Subsequently, the Partnership Firm converted into a joint stock company and was registered as a Public Limited Company under the name 'Anupam Rasayan India Limited' dated September 30, 2003, issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The Company received Certificate of Commencement of Business, issued by Assistant Registrar of Companies, Gujarat, on November 20, 2003.
The Company is one of the leading companies in India engaged in the custom synthesis and manufacturing of specialty chemicals. Its has two distinct business segments that manufacture life science related specialty chemicals including products related to agrochemicals, personal care and pharmaceuticals, and other specialty chemicals, including specialty pigment and dyes, and polymer additives. The Company caters to a diverse base of Indian and global customers. It is currently manufacturing products for over 71 domestic and international customers, including 27 multinational companies. The Company operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat, and two located at Jhagadia, Bharuch with an aggregate installed capacity of about 27,000 MT, as of March 31, 2023.
In manufacturing operations, the Company provides large-scale custom synthesis and manufacturing services, offer multi-step synthesis and undertake complex chemical reactions. The manufacturing facilities are highly-automated and are equipped with glass-lined, titanium cladded and stainless steel reactors enabling to manufacture a diverse range of products, minimize number of employees required, and reduce cost and human error. Further, facilities are adequately supported with sophisticated analytical infrastructure, including, gas chromatography, reaction calorimeters and differential screening calorimeters, enabling them to provide accurate analysis to customers.
Each of there's manufacturing facilities have the ability to manufacture a wide range of products and products can be interchanged to address requirements of customers. Further, given that operations are primarily export-oriented, the close proximity to Adani Hazira Port of the facilities located at Sachin helps us in reducing freight and logistics costs. In addition, power requirements for their facilities are met through local state power grid through interstate open access, while water is procured from Gujarat Industrial Development Corporation.
In year of 2010, the Company started supplying specialty chemicals to Sygenta Asia Pacific Private Ltd in Singapore.
In 2014, the Company purchased entire lease hold rights over the property and manufacturing facility at Plot No.907/3, Jhagadia, Gujarat from Krishna Solvechem Limited pursuant to a Deed of Conveyance dated August 13, 2014 and an Asset Transfer Agreement dated May 16, 2014 respectively.
In 2015, a consent was received to establish for setting up of industrial plant at Jhagadia Unit-5 from GPCB.
In 2016, KPI LLC (Kiran Pallavi Group), one of the promoter made its first equivalent tranche of security investment in the Company. Besides, the Company bagged a Green Innovation Award' by Corning Reactor Technology for the Year 2015.
In 2017, the Company commenced supply of speciality chemicals to Sumitomo Chemical Company Limited in Japan.
As reported in the Share Purchase Agreement dated September 05, 2017 entered into between the sellers, namely Dineshbhai Thakurbhai Rathod,Truptiben Dineshbhai Rathod, Hardik Dineshbhai Rathod, JIPL and RMPPL, the sellers held 100% of the issued, subscribed and paid-up equity share capital of RMPPL. JIPL and the sellers entered into a Share Purchase Agreement in relation to sale of all the shares held by the Sellers in RMPPL in favour of JIPL, a wholly owned subsidiary of the Company. As a result, JIPL acquired 100% of the issued, subscribed and the paid-up equity share capital of RMPPL.
In 2018, KPI LLC Group invested USD 35 million as an external commercial borrowing (ECB) in their Company.
In 2019, the Company received consolidated consents and authorization for Jhagadia Unit - 5 and Sachin Unit-6, both from Gujarat Pollution Control Board (GPCB).
The Company had invested in AEPL pursuant to Agreement for Share Purchase entered into among Rajiv Nagindas Shethi, Sunbeam Monochem Private Limited, Metropolitan Exhichem Limited, AEPL and Company. As on February 2019, Company held 1,021,100 equity shares in AEPL. AEPL, pursuant to a Letter of Offer offered to buy-back 773,500 equity shares of Rs. 10/- each held by Company at a premium of Rs6.15 per equity share, which was accepted by Company pursuant to Letter of Acknowledgement. Consequently, shareholding of Company in AEPL reduced to 247,600 equity shares, as on March 31, 2019. Further, pursuant to approval of Board by a Resolution dated September 26, 2020, the Company completely disposed of shareholding in AEPL.
In 2020, the Company received consolidated consents and authorization for research and development centre on Sachin Unit-6 from GPCB.
Pursuant to an Order dated November 10, 2020, a Scheme of Amalgamation was sanctioned whereby RMPPL, a wholly owned subsidiary of JIPL, was merged into JIPL, a wholly owned subsidiary of the Company. The Appointed Date of the said Scheme is April 1, 2019. The entire undertakings of RMPPL were transferred to and vested in JIPL. RMPPL was a wholly owned subsidiary of JIPL, and accordingly, the shareholding of JIPL in RMPPL stood cancelled.
As of FY 2022, the Company manufactured products for over 68 domestic and international customers, including 25 multinational companies (MNCs). It commercialized 4 new products during the year. It installed a solar power plant in Bharuch in Q3FY22. It acquired ~26% stake and management control in Tanfac Industries Limited, a Joint Venture Company.
In 2022-23, the Company launched five new products, taking the count to 53 products. It commissioned 5.4 MW Solar Power Plant at Bharuch. ARIL Transmodal Logistic Private Limited was incorporated as a wholly-owned subsidiary of the Company with effect from February 28, 2023.
In 2023, the Company raised Rs 500 Crores through QIP.
Anupam Rasayan India Ltd
Chairman Speech
Envisioning a better tomorrow
Dear Stakeholders,
I am delighted to address all of you and express my gratitude for your
unwavering support and encouragement throughout the year. Our journey of performance,
progress and value delivery continued in FY 23, despite the immensely challenging period
marked by high inflation and rising interest rates. These times put our business
model's resilience and quality of leadership at the test. However, I am elated to say
that we have emerged stronger, largely on the back of a great team and able leadership.
Their persistence to navigate turbulence and agility to seize opportunities has reinforced
our positioning as one of India's leading players in the specialty chemicals
industry.
For the last few years, we have been strategically investing in
technology and infrastructure, R&D and innovation, and people. These have started
yielding great results, with impressive business growth and traction in orders, mostly
from new customers. We are particularly excited about the quality of orders and clients,
and the agility with which we are responding to their needs.
I would like to highlight one such contract that we secured from a
leading European crop protection Company. It involved supplying two niche life
science-related specialty chemicals on immediate basis, and we were pleased to have met
their requirements. This showcases our capabilities and is one of the few instances of the
Europe+1 strategy playing out, where Indian companies are becoming preferred manufacturers
for strategic products by European companies.
Similar trends are shaping worldwide post the geopolitical events which
heightened supply chain risks. This is leading to supply chain management and vendor
consolidation in favour of reliable, long-term supply chain partners, especially from
India.
These developments have opened value-accretive and sustainable
opportunities for us. We are well-positioned to capitalise on them enabled by our enhanced
competencies. We have already secured contracts and LOIs with a cumulative value of nearly
_ 54,830 million, which are to be supplied over a period of five to seven years. This
gives us adequate revenue visibility and will drive our growth.
Advancing sustainability
Our unwavering commitment to becoming an environmentally sustainable
manufacturer continued to remain strong in FY23. We have taken a major step towards
decarbonisation by engaging international service provider DuPont Sustainability Services
to develop a comprehensive road map across all sites. Furthermore, we have successfully
commissioned a 5.4 MW solar power plant during the year, expanding our total capacity to
17.9 MW. It will result in significant cost savings and serve the purpose of bringing down
our emissions.
In another crucial initiative, we have voluntarily initiated a
large-scale tree planting project across 20,000 square meters of barren land in Jhagadia
GIDC. This project is progressing as planned and will help create a major carbon sink. The
economizer led to fuel consumption savings of 12% which ultimately helped in reduction of
carbon emissions.
5.4 MW
Successfully commissioned a 5.4 MW solar power plant during the year,
expanding our total capacity to 17.9 MW
FOR THE LAST FEW YEARS, WE HAVE BEEN STRATEGICALLY INVESTING IN
TECHNOLOGY AND INFRASTRUCTURE, R&D AND INNOVATION, AND PEOPLE. THESE HAVE STARTED
YIELDING GREAT RESULTS, WITH IMPRESSIVE BUSINESS GROWTH AND TRACTION IN ORDERS, MOSTLY
FROM NEW CUSTOMERS. WE ARE PARTICULARLY EXCITED ABOUT THE QUALITY OF ORDERS AND CLIENTS,
AND THE AGILITY WITH WHICH WE ARE RESPONDING TO THEIR NEEDS.
_54,830mn
Secured contracts and LOIs with a cumulative value of nearly _54,830
million, which are to be supplied over a period of five to seven years
Progressing ahead
The opportunities ahead are exciting. As a part of our long-term growth
strategy, we will continue to evaluate growth opportunities, both organic and inorganic,
to accelerate our growth trajectory and provide complete solutions to customers. We remain
cautious and selective in evaluating inorganic opportunities. Similar to the acquisition
of Tanfac, we will pursue strategic and value-accretive acquisitions that align with our
objectives. We are happy with the progress seen in Tanfac since the acquisition. It has
enriched our existing fluorination portfolio and strengthened our supply chain, resulting
in increased contracts and LOIs from clients.
We have done extensive groundwork over the past few years. The focus
henceforth will be on leveraging our competencies to assume a greater role in the supply
chain of our customers. On behalf of the Board, I extend my appreciation to all our
stakeholders for reposing their trust in us and believing in our growth-centric approach.
We remain committed to delivering greater value creation in the years to come. Yours
Sincerely
Dr. Kiran C Patel
Chairman and Non-Executive Director
Anupam Rasayan India Ltd
Company History
Anupam Rasayan India Limited was initially formed as a Partnership Firm as 'Anupam Rasayan' with effect from April 01, 1984 at Surat in Gujarat. The Partnership Firm was registered under the Indian Partnership Act, 1932 with Registrar of Firms, Surat in October 22, 1984.
Subsequently, the Partnership Firm converted into a joint stock company and was registered as a Public Limited Company under the name 'Anupam Rasayan India Limited' dated September 30, 2003, issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The Company received Certificate of Commencement of Business, issued by Assistant Registrar of Companies, Gujarat, on November 20, 2003.
The Company is one of the leading companies in India engaged in the custom synthesis and manufacturing of specialty chemicals. Its has two distinct business segments that manufacture life science related specialty chemicals including products related to agrochemicals, personal care and pharmaceuticals, and other specialty chemicals, including specialty pigment and dyes, and polymer additives. The Company caters to a diverse base of Indian and global customers. It is currently manufacturing products for over 71 domestic and international customers, including 27 multinational companies. The Company operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat, and two located at Jhagadia, Bharuch with an aggregate installed capacity of about 27,000 MT, as of March 31, 2023.
In manufacturing operations, the Company provides large-scale custom synthesis and manufacturing services, offer multi-step synthesis and undertake complex chemical reactions. The manufacturing facilities are highly-automated and are equipped with glass-lined, titanium cladded and stainless steel reactors enabling to manufacture a diverse range of products, minimize number of employees required, and reduce cost and human error. Further, facilities are adequately supported with sophisticated analytical infrastructure, including, gas chromatography, reaction calorimeters and differential screening calorimeters, enabling them to provide accurate analysis to customers.
Each of there's manufacturing facilities have the ability to manufacture a wide range of products and products can be interchanged to address requirements of customers. Further, given that operations are primarily export-oriented, the close proximity to Adani Hazira Port of the facilities located at Sachin helps us in reducing freight and logistics costs. In addition, power requirements for their facilities are met through local state power grid through interstate open access, while water is procured from Gujarat Industrial Development Corporation.
In year of 2010, the Company started supplying specialty chemicals to Sygenta Asia Pacific Private Ltd in Singapore.
In 2014, the Company purchased entire lease hold rights over the property and manufacturing facility at Plot No.907/3, Jhagadia, Gujarat from Krishna Solvechem Limited pursuant to a Deed of Conveyance dated August 13, 2014 and an Asset Transfer Agreement dated May 16, 2014 respectively.
In 2015, a consent was received to establish for setting up of industrial plant at Jhagadia Unit-5 from GPCB.
In 2016, KPI LLC (Kiran Pallavi Group), one of the promoter made its first equivalent tranche of security investment in the Company. Besides, the Company bagged a Green Innovation Award' by Corning Reactor Technology for the Year 2015.
In 2017, the Company commenced supply of speciality chemicals to Sumitomo Chemical Company Limited in Japan.
As reported in the Share Purchase Agreement dated September 05, 2017 entered into between the sellers, namely Dineshbhai Thakurbhai Rathod,Truptiben Dineshbhai Rathod, Hardik Dineshbhai Rathod, JIPL and RMPPL, the sellers held 100% of the issued, subscribed and paid-up equity share capital of RMPPL. JIPL and the sellers entered into a Share Purchase Agreement in relation to sale of all the shares held by the Sellers in RMPPL in favour of JIPL, a wholly owned subsidiary of the Company. As a result, JIPL acquired 100% of the issued, subscribed and the paid-up equity share capital of RMPPL.
In 2018, KPI LLC Group invested USD 35 million as an external commercial borrowing (ECB) in their Company.
In 2019, the Company received consolidated consents and authorization for Jhagadia Unit - 5 and Sachin Unit-6, both from Gujarat Pollution Control Board (GPCB).
The Company had invested in AEPL pursuant to Agreement for Share Purchase entered into among Rajiv Nagindas Shethi, Sunbeam Monochem Private Limited, Metropolitan Exhichem Limited, AEPL and Company. As on February 2019, Company held 1,021,100 equity shares in AEPL. AEPL, pursuant to a Letter of Offer offered to buy-back 773,500 equity shares of Rs. 10/- each held by Company at a premium of Rs6.15 per equity share, which was accepted by Company pursuant to Letter of Acknowledgement. Consequently, shareholding of Company in AEPL reduced to 247,600 equity shares, as on March 31, 2019. Further, pursuant to approval of Board by a Resolution dated September 26, 2020, the Company completely disposed of shareholding in AEPL.
In 2020, the Company received consolidated consents and authorization for research and development centre on Sachin Unit-6 from GPCB.
Pursuant to an Order dated November 10, 2020, a Scheme of Amalgamation was sanctioned whereby RMPPL, a wholly owned subsidiary of JIPL, was merged into JIPL, a wholly owned subsidiary of the Company. The Appointed Date of the said Scheme is April 1, 2019. The entire undertakings of RMPPL were transferred to and vested in JIPL. RMPPL was a wholly owned subsidiary of JIPL, and accordingly, the shareholding of JIPL in RMPPL stood cancelled.
As of FY 2022, the Company manufactured products for over 68 domestic and international customers, including 25 multinational companies (MNCs). It commercialized 4 new products during the year. It installed a solar power plant in Bharuch in Q3FY22. It acquired ~26% stake and management control in Tanfac Industries Limited, a Joint Venture Company.
In 2022-23, the Company launched five new products, taking the count to 53 products. It commissioned 5.4 MW Solar Power Plant at Bharuch. ARIL Transmodal Logistic Private Limited was incorporated as a wholly-owned subsidiary of the Company with effect from February 28, 2023.
In 2023, the Company raised Rs 500 Crores through QIP.
Anupam Rasayan India Ltd
Directors Reports
No Data Found !!!
Anupam Rasayan India Ltd
Company Background
Incorporation Year | 2003 |
Registered Office | 8110 GIDC Industrial Estate,Sachin Surat,Gujarat-394230 |
Telephone | 91-261-2398991-95,Managing Director |
Fax | 91-261-2398996 |
Kiran Chhotubhai PatelAnand S Desai. Company Secretary | Ashish Gupta |
Auditor | Rajendra & Co |
Face Value | 10 |
Market Lot | 1 |
Listing | BSE,NSE, |
Registrar | KFin Techologies Ltd Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032 |
Anupam Rasayan India Ltd
Company Management
Director Name | Director Designation | Year |
---|
Kiran Chhotubhai Patel | Chairman (Non-Executive) | 2023 |
Mona A Desai. | Vice Chairman & Whole Time Dir | 2023 |
Anand S Desai. | Managing Director | 2023 |
Hetul Krishnakant Mehta | Independent Director | 2023 |
Namrata Dharmendra Jariwala | Independent Director | 2023 |
Vijay Kumar Batra. | Independent Director | 2023 |
Vinesh Prabhakar Sadekar | Independent Director | 2023 |
Ashish Gupta | Company Sec. & Compli. Officer | 2023 |
Anuj Hemantbhai Thakar | Whole Time Director | 2023 |
Anupam Rasayan India Ltd
Listing Information
Listing Information |
---|
BSE_500 |
CNX500 |
BSESMALLCA |
BSEALLCAP |
BSEMETERIA |
SML250 |
MSL400 |
NFTYMSC400 |
NFTYSC250 |
NF500M5025 |
NFTYTOTMKT |
Anupam Rasayan India Ltd
Finished Product
Product Name | Unit | Installed Capacity | Production Quantity | Sales Quantity | Sales Value |
---|
Sale of Products | NA | 0 | 0 | 0 | 342.77057 |