Mumbai, April 28, 2021: Anupam Rasayan India Limited (ARIL), one of India’s leading custom synthesis & speciality chemical players, has received and signed Letter of Intent (LOI) amounting to Rs 1100 crore from one of the top ten Multinational Life Sciences Company, for supplying life sciences related speciality chemicals. The company will be providing multiple products in the category to the multinational firm for next five years.
Speaking about the order, Anand Desai, Managing Director of Anupam Rasayan, said, “Securing order from a leading multinational company in the light of prevailing global uncertainty is a testament to our Research & Development process, latest technology, infrastructure and the quality of our existing products.”
The speciality chemicals major is manufacturing products for over 53 domestic and international customers, including 17 multinational companies. As on December 31, 2020, revenue from operations from exports accounted for 61.38% of the total revenue.
The company has a long history of high customer retention and has been manufacturing products for select customers for over a decade. The company caters to a diverse base of Indian and global customers.
About Anupam Rasayan India Ltd. (ARIL):
Anupam Rasayan India Ltd (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. Incorporated in 1984, the speciality chemicals major has two verticals: Life science related Specialty Chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals, Other Specialty Chemicals comprising Specialty Pigment and Dyes, and Polymer Additives. 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 23,438 MT, as of December 31, 2020.
ARIL offers multistep synthesis and undertakes complex chemical reactions technologies, for a diverse base of Indian and global customers. The focus is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.