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{{short description|Indian multinational chemical company}}
{{EngvarB|date=February 2022}}
{{Use dmy dates|date=February 2022}}
{{Infobox company
| name = Galaxy Surfactants
| logo = Galaxy Surfactants.svg
| logo_size =
| caption =
| type = [[Public company|Public]]
| traded_as = {{BSE|540935}}<br/>{{NSE|GALAXYSURF}}
| genre =
| fate =
| predecessor =
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| foundation = {{Start date and age|1980}}
| founder =
| defunct =
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = India
| location =
| locations =
| area_served =
| key_people = Unnathan Shekhar (Co-Founder)<br>Abhijit Damle (CFO)<br>K. Natarajan (CEO)<br>Vaijanath Kulkarni (COO)
| industry = [[Chemical industry|Chemicals]]
| products = [[Speciality chemicals]], [[surfactant]]s,
| services =
| revenue = {{up}} {{INRConvert|4455|c}} (FY23)<ref name="fy23"/>
| operating_income =
| net_income = {{up}} {{INRConvert|380|c}} (FY23)<ref name="fy23">{{cite news |title=Galaxy Surfactants Ltd Q4 FY23 consolidated net profit lower at Rs. 90.53 crores |url=https://www.equitybulls.com/category.php?id=332677 |access-date=8 July 2023 |work=EquityBulls |date=23 May 2023}}</ref>
| assets =
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| divisions =
| subsid =
| homepage = {{url|https://www.galaxysurfactants.com}}
| footnotes =
}}
'''Galaxy Surfactants Ltd.''' is an Indian [[Multinational corporation|multinational]] specialty [[chemical]] company based in [[Mumbai]], [[Maharashtra]], [[India]]. It is a manufacturer of [[surfactants]] and [[speciality chemicals]] for cleaning and personal care space, and its more than 200 products are exported to over 100 countries. Galaxy has over 1400 clients including [[Colgate-Palmolive]], [[Dabur]], [[Himalaya]], [[L'Oréal]] and [[Unilever]] and more. Performance surfactants account for 60% of revenue, and specialty personal care products account for the rest.<ref>{{cite news |last1=Tewari |first1=Maulik |title=Why you should accumulate the stock of Galaxy Surfactants |url=https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/why-you-should-accumulate-the-stock-of-galaxy-surfactants/article34345589.ece |access-date=26 February 2022 |work=[[Business Line]] |date=April 17, 2021 |language=en}}</ref>

Galaxy is considered a power player in the global surfactants market.<ref>{{cite news |last1=Jauhari |first1=Ujjval |title=Galaxy Surfactants in focus as supply challenges hit specialty chemical makers |url=https://www.livemint.com/market/mark-to-market/galaxy-surfactants-in-focus-as-supply-challenges-hit-specialty-chemical-makers-11637214883970.html |access-date=26 February 2022 |work=[[Mint (newspaper)|mint]] |date=18 November 2021 |language=en}}</ref> In 2020, the annual turnover was {{INR}}2,563 [[crore]]. According to Unnathan Shekhar, managing director of Galaxy Surfactants, two-thirds of their business comes from international customers.<ref>{{cite news |title=Galaxy Surfactants will have a Capex outlay of Rs 150-200 crore every year: U Shekhar, MD |url=https://www.zeebiz.com/companies/news-galaxy-surfactants-will-have-a-capex-outlay-of-rs-150-200-crore-every-year-u-shekhar-md-170704 |access-date=26 February 2022 |work=[[Zee Business]] |date=15 November 2021}}</ref> In 2020, the company spent nearly {{INR}}60 crore and filed for 62 patents.<ref>{{cite news |last1=Prashant |first1=Pravin |title=Galaxy Surfactants bags 62 patents |url=https://www.indianchemicalnews.com/chemical/galaxy-surfactants-bags-62-patents-5986 |access-date=26 February 2022 |work=Indian Chemical News |date=August 25, 2020}}</ref>

==History==
The company was founded in 1980 by Unnathan Shekhar, Geera Ramakrishnan, Shashi Shanbhag, CR Ramakrishna, and Sudhir Patil, five friends, all aged 23, who all came from different backgrounds.<ref name="Lalatendu">{{cite news |last1=Mishra |first1=Lalatendu |title=Mumbai-based Galaxy Surfactants makes difference in green process innovation |url=https://www.thehindu.com/news/cities/mumbai/city-based-galaxy-surfactants-makes-difference-in-green-process-innovation/article25861923.ece |access-date=26 February 2022 |work=[[The Hindu]] |date=29 December 2018 |language=en-IN}}</ref> They began their company as contract manufacturers for [[Colgate-Palmolive]], producing [[Sodium laureth sulfate]] in a small lab in [[Ghatkopar]].

In 1984, Galaxy opened its first plant at [[Tarapur, Maharashtra|Tarapur]] and its second plant for [[sulfonation]] was opened in [[Taloja]] in 1998.
Galaxy also started a research centre at [[Navi Mumbai]] in 1997.

In July 2009, Galaxy acquired ''TRI‐K Industries'', a distributor and producer of specialty ingredients.<ref>{{cite news |title=Galaxy Surfactants acquires majority stakes in TRI-K and OTC |url=https://www.cosmeticsbusiness.com/news/article_page/Galaxy_Surfactants_acquires_majority_stakes_in_TRI-K_and_OTC/49345 |publisher=Cosmetics Business |date=July 10, 2009}}</ref> This acquisition of a 30 year old [[New Jersey]] headquartered company gave the company a foothold in the United States with additional protein manufacturing facilities in [[New Hampshire]].<ref>{{cite magazine |title=Galaxy Surfactants Acquires TRI-K Industries |url=https://www.happi.com/contents/view_breaking-news/2009-07-10/galaxy-surfactants-acquires-tri-k-industries/ |access-date=26 February 2022 |magazine=HAPPI Magazine |date=July 10, 2009}}</ref>

In 2011, Galaxy commissioned manufacturing plants at [[Zaghadia]] in [[Gujarat]] and [[Suez]] in [[Egypt]] at the cost of {{INR}}330 [[crore]].<ref>{{cite news |title=Galaxy to commission Jhagadia, Suez plant in August |url=https://www.projectstoday.com/News/Galaxy-to-commission-Jhagadia-Suez-plant-in-August |access-date=26 February 2022 |work=www.projectstoday.com |date=13 May 2011}}</ref><ref>{{cite web |title=Disclosure: Galaxy Chemicals |url=https://disclosures.ifc.org/project-detail/ESRS/29246/galaxy-chemicals |website=disclosures.ifc.org |access-date=26 February 2022}}</ref>

In 2012, Galaxy became a member of [[Roundtable on Sustainable Palm Oil]], taking a step towards creating a sustainable [[palm oil]] supply chain.<ref>{{cite news |title=Galaxy Surfactants: putting sustainable palm oil at the heart of the business |url=https://www.isealalliance.org/node/3836 |access-date=26 February 2022 |work=ISEAL Alliance |date=2016 |language=en}}</ref><ref>{{cite news |last1=Fink |first1=Hannah |title=Galaxy Surfactants Marks 10 Years of Sustainability by Highlighting its Business Benefits |url=https://www.cosmeticsandtoiletries.com/news/companies/news/21843866/galaxy-surfactants-ltd-galaxy-surfactants-marks-10-years-of-sustainability-by-highlighting-its-business-benefits |access-date=26 February 2022 |work=[[Cosmetics & Toiletries]] |date=7 December 2020 |language=en-us}}</ref>

In 2018, Galaxy floated their [[IPO]] and was listed on the Indian stock exchanges ([[Bombay Stock Exchange|BSE]] & [[National Stock Exchange of India|NSE]]).<ref>{{cite news |last1=Shyam |first1=Ashutosh |title=Galaxy Surfactants IPO could bring windfall for existing investors, staff |url=https://economictimes.indiatimes.com/markets/stocks/news/galaxy-surfactants-ipo-could-bring-windfall-for-existing-investors-staff/articleshow/62688776.cms |access-date=26 February 2022 |work=[[The Economic Times]] |date=January 29, 2018}}</ref><ref>{{cite news |last1=Sarkar |first1=Soumeet |title=Galaxy Surfactants' IPO Opens Today: All You Need To Know |url=https://www.bloombergquint.com/markets/galaxy-surfactants-ipo-all-you-need-to-know |access-date=26 February 2022 |work=[[BloombergQuint]] |date=January 29, 2018|language=en}}</ref><ref>{{cite news |title=Galaxy Surfactants IPO fully subscribed on Day 1 |url=https://economictimes.indiatimes.com/markets/ipos/fpos/galaxy-surfactants-ipo-fully-subscribed-on-day-1/articleshow/62698663.cms |access-date=26 February 2022 |work=The Economic Times |date=January 29, 2018}}</ref>
== Financials ==
It registered {{INR}}2627.38 crores total income in the fiscal year 2022, while {{INR}}1834.90 crores in 2021.<ref>{{cite web |title=Galaxy Surfacta. Profit and Loss |url=https://economictimes.indiatimes.com/galaxy-surfactants-ltd/profitandlose/companyid-3790.cms |publisher=[[The Economic Times]] |date=August 30, 2022}}</ref>
==References==
{{reflist}}

==External links==
*{{Official|https://www.galaxysurfactants.com}}

[[Category:Manufacturing companies based in Mumbai]]
[[Category:Chemical companies established in 1980]]
[[Category:Chemical companies of India]]
[[Category:Indian companies established in 1980]]
[[Category:Indian brands]]
[[Category:1980 establishments in Maharashtra]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Galaxy Surfactants - Revision history

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