Aarti Industries Ltd | Speciality Chemicals

Aarti Industries Limited (AIL) stands as one of India’s premier integrated and diversified speciality chemical companies with a legacy of excellence spanning over 40 years. Founded in 1984, AIL has grown from a single-unit entity in Gujarat to a global leader in high-value chemistry. Today, AIL serves more than 700 domestic and over 400 global customers across more than 60 countries.

The company has firmly established itself in complex chemical manufacturing with expertise in processes such as nitration, chlorination, hydrogenation, ammonolysis, Halex chemistry, fluorination, and photochemistry. With a vertically integrated business model and a wide portfolio of over 100 products, AIL supports key industries including agrochemicals, pharmaceuticals, polymers, dyes and pigments, FMCG, fuel additives, energy, and advanced polymers.

AIL’s commitment to sustainability, zero-liquid-discharge principles, advanced R&D, and strategic global partnerships has placed it as a trusted alternative to Chinese suppliers in various chemistry platforms. In FY2024–25, the company emphasized strategic investments, digital transformation, and ESG-first operations to build a resilient, scalable future.

🏢 Company Profile

Name: Aarti Industries Limited
Incorporated: September 1984
CIN: L24110GJ1984PLC007301
BSE Code: 524208
NSE Symbol: AARTIIND
Headquarters: Mumbai, Maharashtra, India
Registered Office: Plot Nos. 801, 801/23, G.I.D.C. Estate, Phase III, Vapi – 396195, Gujarat
Website: www.aarti-industries.com
Employees: 5,868 as of FY25
Export Markets: Operations in over 60 countries
Product Portfolio: Over 100 speciality and intermediate products
R&D Infrastructure: 2 R&D centres, 2 pilot plants, 250+ scientists
Manufacturing Footprint: 16 advanced facilities across Gujarat and Maharashtra
ZLD Certified Plants: 8
Revenue (FY25): ₹8,046 crore
Credit Rating: AA/Stable (CRISIL & India Ratings)

🌟 Vision, Mission & Core Values

Vision

To be the “Global Partner of Choice” for leading consumers of speciality chemicals and intermediates.

Mission

To consistently delight all stakeholders through innovation, sustainability, and excellence.

Purpose

“Right Chemistry for a Brighter Tomorrow”

Core Values

Integrity: Operate with the highest ethical and moral standards.
Care: Foster holistic well-being for employees, customers, communities, and the environment.
Excellence: Continuously raise the performance bar to deliver superior value.

💼 Leadership & Governance

Founders

Shri Chandrakant V. Gogri: Visionary technocrat and Founder Chairman Emeritus
Shri Shantibhai Shah (Late)
Shri Parimal Desai

Key Executive Leadership

Chairman & MD: Shri Rajendra V. Gogri
Vice Chairman & MD: Shri Rashesh C. Gogri
Vice Chairman & ED: Shri Renil R. Gogri
CEO & ED: Shri Suyog K. Kotecha
CFO: Shri Chetan Gandhi
Company Secretary: Shri Raj Sarraf
Chief Scientific Officer: Dr. Prashant Potnis
Chief Technical and Sustainability Officer: Shri Shyam Dhekekar
CTO: Shri Bhaskaran Rajagopalan

Governance Committees

Audit Committee
Nomination & Remuneration Committee
CSR Committee
Stakeholders Relationship Committee
Risk Management Committee
Finance & Investment Committee

📅 History & Evolution (1984–2025)

Key Milestones

1984: Incorporated as Aarti Organic Pvt. Ltd.
1990s: Expanded Nitro Chloro Benzene and Sulphuric Acid capacities
2000s: Focused on backward integration and diversification
2010s: Entered global markets; invested in renewable energy, process optimisation
2018–2025: Signed long-term global contracts; demerged pharma division; JV with UPL and ReSL; advanced R&D expansion

Transformational Timeline

1986: Launched 1,200 TPA NCB plant
1992: Listed on BSE; NSE in 1995
2013: Revenue crossed ₹2,000 Cr
2024: Commissioned 13.2 MW hybrid renewable energy plant
2025: Formed Eugene Chemicals and Re Aarti Pvt. Ltd.

📊 Business Segments & Revenue Breakdown

Aarti Industries operates through well-diversified business segments aligned with multiple end-use applications.

Segment-wise Revenue (FY2024–25)

Segment	Revenue Share (%)
Agrochemicals	36%
Dyes & Pigments	18%
Pharmaceuticals	15%
Polymers & Additives	12%
Energy	10%
Others	9%

Description of Segments

Agrochemicals: Largest segment, leveraging products such as chlorinated and nitrated aromatics, used in pesticides, herbicides, and fungicides.
Dyes & Pigments: Intermediates used in textile, paint, and printing ink industries, supported by robust domestic and export demand.
Pharmaceuticals: API intermediates and custom synthesis solutions for pharma innovators and generic producers globally.
Polymers & Additives: Supplying advanced materials and stabilisers for industrial and consumer polymer applications.
Energy: Products include fuel additives and intermediates used in the energy and oil & gas sectors.
Others: Specialty intermediates used in multiple sectors including personal care, FMCG, and construction chemicals.

🔬 Product & Service Portfolio

Aarti Industries has built a wide-ranging product portfolio that enables it to serve 400+ downstream applications. It is a global leader in:

Core Chemical Categories

Nitro Chloro Benzene (NCB)
Di Chloro Benzene (DCB)
Phenylene Diamines (PDA)
Chlorinated Aromatics
Sulphonation and Sulphuric Acid Derivatives
Toluidines and Nitro Toluene Derivatives
Fluorinated and Halogenated Intermediates

Custom Solutions

CDMO (Contract Development and Manufacturing Organization): Custom solutions for global innovators
Co-Development Projects: Strategic client partnerships for long-term process and product development

Upcoming Growth Products

Electronic chemicals
Battery materials
Green chemistry intermediates
Advanced polymers

Key Applications

Agrochemicals
Pharmaceuticals
Dyes & Pigments
Home & Personal Care
Polymers
Electronics
Fuel & Energy
FMCG and packaging

💰 Financial Performance (FY2024–25)

Despite market headwinds and global demand fluctuations, Aarti Industries demonstrated strong financial fundamentals and operational resilience. The company’s financials in FY25 reflect a disciplined capital expenditure strategy and a commitment to value creation.

Key Financial Highlights

Parameter	FY2024–25
Gross Income	₹8,046 Cr
EBITDA	₹1,016 Cr
EBITDA Margin	13%
Profit After Tax (PAT)	₹331 Cr
EPS (Earnings per Share)	₹9.13
ROCE (Return on Capital)	9.6%
Capex	₹1,372 Cr
Export Revenue	₹4,337 Cr (54%)
Net Fixed Assets	₹6,377 Cr
Total Debt	₹3,476 Cr
Debt-Equity Ratio	0.62
Net Worth	₹5,605 Cr

Commentary

Robust export performance due to stable demand from long-term customers.
Strategic capex investments continued in high-margin value chains.
Debt levels managed prudently to maintain balance sheet strength.

Aarti Industries Ltd | Speciality Chemicals

🌱 ESG & Sustainability Highlights

Aarti Industries has embedded environmental, social, and governance (ESG) practices across its business. With 8 ZLD facilities and a focus on renewable energy, AIL leads India’s green chemistry space.

Environmental Performance

24% Renewable Electricity Share
13.2 MW Renewable Energy Commissioned
42% Water Recycled
94% Waste Recovery Rate
8 Zero Liquid Discharge Facilities
GHG Emissions Reduction Initiatives in Place

Social Impact

5,868 Employees with inclusive HR policies
63% Suppliers assessed on ESG standards
Extensive skill development and safety training programs
LTIFR (Lost Time Injury Frequency Rate): 0.13

Governance Recognition

Member of S&P Sustainability Yearbook
Ecovadis Gold Rating for responsible sourcing and governance
Board-driven oversight on ESG strategy through Risk Committee

🔬 R&D and Innovation Strategy

R&D is core to AIL’s ability to deliver complex chemistries and enter new markets.

Infrastructure

2 State-of-the-art R&D Centres in Vapi and Navi Mumbai
2 Pilot Plants: Apple (Vapi) and Zone IV Multipurpose Facility (Jhagadia)
250+ Scientists and Technologists

Focus Areas

Process innovation for chlorination, fluorination, photochemistry
Development of new products in electronic chemicals, green chemistry, CDMO
Safety-by-design frameworks and digital twin deployment
63 new products in pipeline under development

💻 Digital Transformation: Project UNNATI

Project UNNATI is AIL’s structured digitalisation initiative focused on automating operations and enabling real-time analytics.

Key Features

ERP integration across 16 plants
AI-based predictive maintenance and machine learning
Invoice automation and digital procurement
Digital twins in pilot phase for energy optimisation
Enhanced dashboards for finance and sustainability tracking

🔮 Strategic Outlook FY2025–26 and Beyond

AIL is well-positioned to benefit from China+1 strategies, increasing demand for green chemistry, and the global reshoring of supply chains.

Strategic Priorities

Expand toluene and fluorination value chains
Commercialise new CDMO contracts with global pharma leaders
Grow Eugene Chemicals JV and Re Aarti circularity platform
Strengthen position in electronic chemicals and battery materials
Execute ₹1,200+ Cr of capex with sustainability-first approach

What does Aarti Industries Limited do?

Aarti Industries Limited is a leading Indian manufacturer of speciality chemicals with a strong global presence, serving industries like agrochemicals, pharmaceuticals, polymers, and dyes.

How did AIL perform financially in FY2024–25?

AIL recorded gross income of ₹8,046 Cr, EBITDA of ₹1,016 Cr, and PAT of ₹331 Cr during FY2024–25.

What are AIL’s ESG initiatives?

AIL operates 8 ZLD plants, recycles 42% of water, uses 24% renewable electricity, and has received Ecovadis Gold and S&P Sustainability ratings.

What is Project UNNATI?

Project UNNATI is Aarti Industries’ digital transformation program that leverages ERP, AI, automation, and digital twins to enhance operational efficiency and sustainability tracking.

Tags: CHEMICALS