Aether Industries Limited-
Aether industries limited are a specialty chemical manufacturer that produces advanced intermediaries and specialty chemicals that involves complex and differentiated chemistry. The business was started in 2013 with the aim to create niche in the global chemical industry and it is one of the fastest-growing specialty chemical companies in India growing at a CAGR of 49.5%.
The company has eight chemistry competencies to use for the products that enable it to cater to niche and advanced intermediate requirements of wider end-product requirements. It has three business models under which it operates;
- Large scale manufacturing of its own intermediates and specialty chemicals.
- Contract research and manufacturing services (CRAMS).
- Contract/exclusive manufacturing.
Aether industries have criteria for choosing the products based on their chemical complexity, applications, competition, scalability, and commercial potential, and using the criteria it develops specialty chemicals having applications in pharmaceuticals, agrochemicals, material science, coatings, additives, and oil and gas segments. It has a product portfolio having over 22 products.
The sales of the products are done on a business-to-business basis both in India and internationally and the products are exported to 17 countries including Italy, Spain, Germany, and the United States with the revenue from exports growing at a CAGR of 58.6%. The company has a specialized team of 141 scientists and engineers that include 81 scientists and 60 chemical engineers.
The promoters of the company are Ashwin Desai, Purnima Ashwin Desai, Rohan Ashwin Desai, Dr. Aman Ashwin Desai, AJD family trust, PAD family trust, RAD family trust, and AAD family trust. The objects of the issue are prepayment or repayment of all or certain outstanding borrowings of the company, and funding capital expenditure requirements of the manufacturing facility and the company.
The company had revenues of Rs 201.1 crore with a net profit of 23.3 crores (Year ended March 31, 2019), revenues of Rs. 301.8 crore with a profit of Rs. 39.9 crore (Year ended March 31, 2020) and revenue of Rs. 449.8 crore with a net profit of Rs. 71.1 crore (Year ended March 31, 2021).