Fineotex Chemical: Difference between revisions

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{{Use dmy dates|date=November 2018}}
{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Orphan|date=June 2018}}
{{Orphan|date=June 2018}}


{{Infobox company
{{Infobox company
|name   = Fineotex Chemical Limited  
| name = Fineotex Chemical Limited
|logo   = Fineotex Chemical logo.png
| logo = Fineotex Chemical logo.png
|type   = Public Company
| type = Chemical Company
|traded_as= {{BSE|533333}}<ref name="bseindia"/><br/>{{NSE|FCL}}<ref name="nseindia"/>
| traded_as = {{BSE|533333}}<ref name="bseindia"/><br/>{{NSE|FCL}}<ref name="nseindia"/>
|key_people     = Surendra Tibrewala  <br /> ([[Chairman]] & [[Managing Director]])<br/>Sanjay Tibrewala ([[Executive Director]] & [[CFO]])<br/>Aarti Jhunjhunwala  ([[Executive Director]])
| industry = [[Chemicals]]
|industry      = [[Chemicals]]
| foundation = 1979
|products      = Specialty Textile chemicals
| location = [[Mumbai]], [[Maharashtra]], India
|revenue        =  
| key_people = Surendra Tibrewala  <br /> ([[Chairman]] & [[Managing Director]])<br/>Sanjay Tibrewala ([[Executive Director]] & [[CFO]])<br/>Aarti Jhunjhunwala  ([[Executive Director]])
|net_income     =
| products = Specialty Textile chemicals
|assets         =
| revenue =
|equity         =
| operating_income = {{Unbulleted list|{{Increase}} [[₹]]129.48 crore (2021)}}<ref name="ET">{{cite news |title=Fineotex Chemical Profit and Loss Reports |url=https://economictimes.indiatimes.com/fineotex-chemical-ltd/profitandlose/companyid-33348.cms |work=The Economic Times}}</ref>
|owner         =  
| net_income = {{Unbulleted list|{{Increase}} [[₹]]145 crore (2021)}}<ref name="ET"/>
|num_employees = 350+
| assets =  
|homepage       = {{URL|http://www.fineotex.com}}
| equity =  
|company_slogan =
| owner =  
|foundation    = 1979
| num_employees = 350+
|location      = [[Mumbai]], [[Maharashtra]], India
| subsid = Fineotex Malaysia Limited
| homepage = {{URL|http://www.fineotex.com}}
| company_slogan =  
}}
}}
'''Fineotex Chemical Limited''' ({{BSE|533333}}, {{NSE|FCL}}) (ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified) is a [[multinational company]] headquartered in [[Mumbai]], [[India]].<ref name="indiainfoline">{{cite news|title=Latest Fineotex chemical ltd information at www.indiainfoline.com|url=https://www.indiainfoline.com/company/fineotex-chemical-ltd/summary/29472|access-date=6 January 2018|work=[[India Infoline]]}}</ref><ref name="TheFreePressJournal">{{cite news|title=FINEOTEX CHEMICALS - The Free Press Journal|url=http://fineotex.com/pressrelase-pdf/TheFreePressJournal-Mum-21-Feb-2011.pdf|access-date=6 January 2018|work=[[The Free Press Journal]]|date=21 February 2012}}</ref><ref name="indiainfoline1">{{cite news|title=Fineotex Chemical Ltd. Niche player in textile chemicals|url=http://fineotex.com/pressrelase-pdf/IIFLReportonFineotex10August2016.pdf|access-date=6 January 2018|work=[[India Infoline]]|date=10 August 2016}}</ref><ref>{{cite news|title=Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc|url=http://fineotex.com/pressrelase-pdf/FinancialExpressNewsAmitabh-Bachchan-Fineotex-topmost-publicshareholder27th-Feb-2015.pdf|access-date=6 January 2018|work=[[The Financial Express (India)|Financial Express]]|date=27 February 2015}}</ref><ref>{{cite news|title=Fineotex Chemical IPO on Feb 23, price-band fixed at Rs 60-72|url=http://fineotex.com/pressrelase-pdf/IBNLive-15-Feb-2011.pdf|access-date=6 January 2018|work=[[IBN Live]]|date=15 February 2011}}</ref><ref>{{cite news|title=Three initial public offers (IPOs) to be launched this week|url=http://indiatoday.intoday.in/story/initial-public-offers-ipos-that-hit-stock-markets-this-week/1/130480.html|access-date=6 January 2018|work=[[India Today]]}}</ref><ref>{{cite news|title=Three IPOs to be launched this week|url=https://timesofindia.indiatimes.com/business/india-business/Three-IPOs-to-be-launched-this-week/articleshow/7534387.cms|access-date=6 January 2018|work=[[The Times of India]]|date=20 February 2011}}</ref><ref>{{cite news|title=Bachchan Uses Weakness to Strengthen His Holdings|url=http://fineotex.com/pressrelase-pdf/ETM_2012_6_20_pageno.9.pdf|access-date=6 January 2018|work=[[The Economic Times]]}}</ref> Fineotex has engaged in manufacturing of [[Speciality chemicals]] and [[Enzyme]]s for [[Textile]] and [[Garment industry|Garment Industry]], Water Treatment Industry, Leather Industry, [[Construction Industry]], Paint Industry Agrochemicals, [[Adhesive]]s and others.<ref name="business-standard">{{cite news|title=FINEOTEX CHEMICAL LTD. (FCL) - COMPANY HISTORY|url=http://www.business-standard.com/company/fineotex-chem-29472/information/company-history|access-date=6 January 2018|work=[[Business Standard]]}}</ref><ref>{{cite news|title=Fineotex Chemical Ltd(NSE:FCL) - Google Finance|url=https://finance.google.com/finance?q=NSE:FCL|access-date=6 January 2018|work=[[Google Finance]]}}</ref> Fineotex Chemical has a wide range of products and offers an entire range of [[Specialty chemicals]] used in [[Textiles]] & Garments Processing namely the Printing, Pre-treatment, Dyeing and Finishing Process. The plants of Fineotex are located in [[Navi Mumbai]] and Selangor in [[Malaysia]].<ref name="business-standard"/><ref name="indiainfoline1"/><ref>{{cite news|title=Fineotex Chemical IPO opens on Feb 23 |url=http://fineotex.com/pressrelase-pdf/MoneyControl-14-Feb-2011.pdf|access-date=6 January 2018|work=[[Moneycontrol.com]]|date=14 February 2011}}</ref>


Fineotex has been ranked amongst India's Top 1000 Companies by [[National Stock Exchange of India]].<ref>{{cite news|title=Compliance Information - NSE India|url=https://www.nseindia.com/corporates/content/compliance_info.htm|work=[[National Stock Exchange of India]]}}</ref>
'''Fineotex Chemical Limited''' ({{BSE|533333}}, {{NSE|FCL}}) ([[ISO 9000|ISO 9001:2015]], [[ISO 14000|ISO 14001:2015]] and [[OHSAS 18001|OHSAS 18001:2007]] certified) is a speciality chemical company with its headquarters in [[Mumbai]], [[India]].<ref name="indiainfoline">{{cite news|title=Latest Fineotex chemical ltd information at www.indiainfoline.com|work=[[India Infoline]]|url=https://www.indiainfoline.com/company/fineotex-chemical-ltd/summary/29472|access-date=6 January 2018}}</ref><ref name="TheFreePressJournal">{{cite news|date=21 February 2012|title=FINEOTEX CHEMICALS - The Free Press Journal|work=[[The Free Press Journal]]|url=http://fineotex.com/pressrelase-pdf/TheFreePressJournal-Mum-21-Feb-2011.pdf|access-date=6 January 2018}}</ref><ref name="indiainfoline1">{{cite news|date=10 August 2016|title=Fineotex Chemical Ltd. Niche player in textile chemicals|work=[[India Infoline]]|url=http://fineotex.com/pressrelase-pdf/IIFLReportonFineotex10August2016.pdf|access-date=6 January 2018}}</ref><ref>{{cite news|date=27 February 2015|title=Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc|work=[[The Financial Express (India)|Financial Express]]|url=http://fineotex.com/pressrelase-pdf/FinancialExpressNewsAmitabh-Bachchan-Fineotex-topmost-publicshareholder27th-Feb-2015.pdf|access-date=6 January 2018}}</ref><ref>{{cite news|date=15 February 2011|title=Fineotex Chemical IPO on Feb 23, price-band fixed at Rs 60-72|work=[[IBN Live]]|url=http://fineotex.com/pressrelase-pdf/IBNLive-15-Feb-2011.pdf|access-date=6 January 2018}}</ref><ref>{{cite news|title=Three initial public offers (IPOs) to be launched this week|work=[[India Today]]|url=http://indiatoday.intoday.in/story/initial-public-offers-ipos-that-hit-stock-markets-this-week/1/130480.html|access-date=6 January 2018}}</ref><ref>{{cite news|date=20 February 2011|title=Three IPOs to be launched this week|work=[[The Times of India]]|url=https://timesofindia.indiatimes.com/business/india-business/Three-IPOs-to-be-launched-this-week/articleshow/7534387.cms|access-date=6 January 2018}}</ref><ref>{{cite news|title=Bachchan Uses Weakness to Strengthen His Holdings|work=[[The Economic Times]]|url=http://fineotex.com/pressrelase-pdf/ETM_2012_6_20_pageno.9.pdf|access-date=6 January 2018}}</ref> Fineotex is engaged in manufacturing of [[Speciality chemicals|Speciality Chemicals]] and [[Enzyme|Enzymes]] for [[Textile]] and [[Garment industry|Garment Industry]], [[Water treatment|Water Treatment Industry]], [[Leather|Leather Industry]], [[Construction Industry]], [[Paint|Paint Industry]] [[Agrochemical|Agrochemicals]], [[Adhesive|Adhesives]] and others.<ref name="business-standard">{{cite news|title=FINEOTEX CHEMICAL LTD. (FCL) - COMPANY HISTORY|work=[[Business Standard]]|url=http://www.business-standard.com/company/fineotex-chem-29472/information/company-history|access-date=6 January 2018}}</ref><ref>{{cite news|title=Fineotex Chemical Ltd(NSE:FCL) - Google Finance|work=[[Google Finance]]|url=https://finance.google.com/finance?q=NSE:FCL|access-date=6 January 2018}}</ref> The plants of Fineotex are located in [[Navi Mumbai]], [[Ambarnath|Ambernath]], and [[Selangor]] in [[Malaysia]].<ref name="business-standard" /><ref name="indiainfoline1" /><ref>{{cite news|date=14 February 2011|title=Fineotex Chemical IPO opens on Feb 23|work=[[Moneycontrol.com]]|url=http://fineotex.com/pressrelase-pdf/MoneyControl-14-Feb-2011.pdf|access-date=6 January 2018}}</ref>
 
Fineotex has been named as one of India's ''Top 1000 Companies'' by [[National Stock Exchange of India]].<ref>{{cite news|title=Compliance Information - NSE India|work=[[National Stock Exchange of India]]|url=https://www.nseindia.com/corporates/content/compliance_info.htm}}</ref>


== History ==  
== History ==  
In 1979, Fineotex group was founded by Surendra Tibrewala and it had been incorporated on 30 January 2004 as a private limited company with the name Fineotex Chemical Pvt Ltd in the State of [[Maharashtra]].<ref name="economictimes">{{cite news|title=About Fineotex Chemical Ltd.|url=https://economictimes.indiatimes.com/fineotex-chemical-ltd/stocks/companyid-33348.cms|access-date=6 January 2018|work=[[The Economic Times]]}}</ref> Fineotex has been promoted by Tibrewala family. Fineotex is listed on the [[Bombay Stock Exchange]] ({{BSE|533333}})<ref name="bseindia">{{cite news|title=Fineotex Chemical Limited - BSE Ltd. (Bombay Stock Exchange)|url=http://www.bseindia.com/stock-share-price/fineotex-chemical-ltd/fcl/533333/|access-date=6 January 2018|work=[[Bombay Stock Exchange]]}}</ref> and the [[National Stock Exchange of India|National Stock Exchange]] ({{NSE|FCL}}).<ref name="nseindia">{{cite news|title=Fineotex Chemical Limited - NSE - National Stock Exchange of India Ltd.|url=https://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=FCL|access-date=6 January 2018|work=[[National Stock Exchange of India]]}}</ref> Fineotex is the only textile chemical company in [[India]] which is listed on the Stock Exchange and many investment houses like Reliance Wealth holding a stake in Fineotex. In October 2007, the company went public as a Fineotex Chemical Ltd. During the year, Fineotex got [[ISO]] 9001:2000 from [[Jas-anz|JAS-ANZ]] Certification. In 2011, Fineotex Chemical Ltd incorporated a [[Wholly Owned Subsidiary]] in [[Malaysia]] to continue the business in that region.<ref name="ndtv"/><ref name="indiainfoline1"/>
Fineotex group was founded by Surendra Tibrewala in 1979. Later, in 2004, it was incorporated as a private limited company under the name of Fineotex Chemical Pvt Ltd in the State of [[Maharashtra]].<ref name="economictimes">{{cite news|title=About Fineotex Chemical Ltd.|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/fineotex-chemical-ltd/stocks/companyid-33348.cms|access-date=6 January 2018}}</ref> The company has been promoted by the members of the Tibrewala family. The company changed its name to Fineotex Chemical and went public with a listing on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India|National Stock Exchange]] in 2007.<ref name="bseindia">{{cite news|title=Fineotex Chemical Limited - BSE Ltd. (Bombay Stock Exchange)|work=[[Bombay Stock Exchange]]|url=http://www.bseindia.com/stock-share-price/fineotex-chemical-ltd/fcl/533333/|access-date=6 January 2018}}</ref><ref name="nseindia">{{cite news|title=Fineotex Chemical Limited - NSE - National Stock Exchange of India Ltd.|work=[[National Stock excel  Exchange of India]]|url=https://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=FCL|access-date=6 January 2018}}</ref> Fineotex claims itself to be the only textile chemical company in [[India]] to be listed in the Indian stock market. Reliance Wealth holds a significant stake in Fineotex. In the year 2007, the company earned [[ISO 9000|ISO 9001:2000]] certificate from [[Jas-anz|JAS-ANZ]]. In 2011, the company incorporated a [[Wholly Owned Subsidiary]] company in [[Malaysia]] named Fineotex Malaysia Limited.<ref name="ndtv">{{cite news|title=Fineotex Chemical Ltd.|work=[[NDTV]]|url=http://profit.ndtv.com/stock/fineotex-chemical-ltd_fineotexchem/reports|access-date=6 January 2018}}</ref><ref name="indiainfoline1" /> It also acquired a controlling stake in Malaysian manufacturing company Biotex. In the year 2014, the company was accredited with [[ISO 14000|ISO 4001:2004]] and OSHAS 8001:2007. In 2015, Fineotex was recognized as Star Export House by [[Directorate General of Foreign Trade]], [[Ministry of Commerce and Industry (India)|Ministry of Commerce and Industry]].<ref name="business-standard" /><ref name="indiainfoline" /> As of 2018, the company had 87 distributors across India.<ref name="ndtv" /> Its clients range across [[Textile]] and [[Garment industry|Garment Industry]], Water Treatment Industry, Leather Industry, [[Construction Industry]], Paint Industry Agrochemicals, [[Adhesive|Adhesives]] and others.<ref name="ndtv" />
 
In the year 2020, Fineotex forayed into the home care and hygiene segment to serve the surge in its demand in the wake of the [[COVID-19 pandemic]].<ref>{{Cite web|date=2021-07-09|title=Speciality Chemicals to grow and Fineotex Chemicals to ride the Big Growth Wave: Sanjay Tibrewala, Fineotex Chemical Limited|url=https://www.medianews4u.com/speciality-chemicals-to-grow-and-fineotex-chemicals-to-ride-the-big-growth-wave-sanjay-tibrewala-fineotex-chemical-limited/|access-date=2021-12-01|website=MediaNews4U|language=en-US}}</ref>
 
Arindam Choudhuri is the [[Chief executive officer|CEO]] since June 2021.<ref>{{Cite web|last=Jha|first=J. K.|date=2021-06-07|title=Fineotex Chemical appoints Arindam Choudhuri as its Chief Executive Officer|url=https://www.thehansindia.com/business/fineotex-chemical-appoints-arindam-choudhuri-as-its-chief-executive-officer-689653|access-date=2021-11-30|website=www.thehansindia.com|language=en}}</ref>
 
In July 2021, the company signed a global marketing and sales channel partnership deal with HealthGuard Australia.<ref>{{Cite web|last=Mital|first=Ishaan|date=2021-07-19|title=Sensex closes 587 pts lower, Nifty at 15,752; HDFC group stocks top drags|url=https://www.livemint.com/market/live-blog/share-market-live-updates-sensex-nifty-bse-nse-stock-market-today-19-07-2021-11626659553345.html|access-date=2021-12-16|website=mint|language=en}}</ref>
 
In September, Fineotex announced its partnership with Eurodye-CTC, a textile chemical company based in [[Belgium]] for commercialization of specialty chemicals for the Indian market.<ref>{{Cite web|title=Fineotex enters into deep collaboration with Eurodye-CTC - The Textile Magazine|url=https://www.indiantextilemagazine.in/fineotex-enters-into-deep-collaboration-with-eurodye-ctc/|access-date=2021-11-30|language=en-US}}</ref> It has inked an [[Memorandum of understanding|MOU]] with Synthetic & Art Silk Mills' Research Association (Sasmira) to set up its Research & Development centre at [[Worli|Worli Hill, Mumbai]].<ref>{{Cite web|title=Fineotex Group and Sasmira Institute join hands to set up R&D centre|url=https://www.indiainfoline.com/article/news-top-story/fineotex-group-and-sasmira-institute-join-hands-to-set-up-r-d-centre-121061400229_1.html|access-date=2021-11-30|website=www.indiainfoline.com|language=en}}</ref>
 
== Management ==
The key management team of FCL comprises the following members<ref>{{Cite web|title=Fineotex Chemical Management Information - Details of Fineotex Chemical Management|url=https://economictimes.indiatimes.com/fineotex-chemical-ltd/infocompanymanagement/companyid-33348.cms|access-date=2021-12-16|website=The Economic Times}}</ref>
 
=== Board of Directors ===
Surendra Kumar Tibrewala - Chairman and Managing Director
 
Sanjay Tibrewala - Executive Director
 
Aarti Jhunjhunwala - Executive Director
 
Navin Mittal - Independent Director
 
Alok Dhanuka - Independent Director
 
CS Bindu Shah - Independent Director
 
Anand Patwardhan - Independent Director
 
Sunil Waghmare - Independent Director
 
=== Committees ===
'''Audit Committee:''' Sanjay Tibrewala, Alok Dhanuka
 
'''Nomination and Remuneration Committee:''' Navin Mittal, Alok Dhanuka
 
'''Anti-sexual Harassment Committee:''' Surendra Kumar Tibrewala, Sanjay Tibrewala, Aarti Jhunjhunwala
 
'''CSR Committee:''' Surendra Kumar Tibrewala, Sanjay Tibrewala,
 
'''Stakeholder Relationship Committee:''' Sanjay Tibrewala, Alok Dhanuka
 
'''Administrative Committee:''' Surendra Kumar Tibrewala


In 2015, Fineotex was recognized as Star Export House by [[Directorate General of Foreign Trade]], [[Ministry of Commerce and Industry (India)|Ministry of Commerce and Industry]].<ref name="business-standard"/><ref name="indiainfoline"/> Fineotex has 87 distributors in [[India]], number of customers worldwide and also well-known corporate. Fineotex has got clients from many industries like Textile & Garment, Construction Industry, Water Treatment, Leather, Agrochemical, and Paper & Adhesives.<ref name="ndtv">{{cite news|title=Fineotex Chemical Ltd.|url=http://profit.ndtv.com/stock/fineotex-chemical-ltd_fineotexchem/reports|access-date=6 January 2018|work=[[NDTV]]}}</ref>
'''Whistle-blower Committee:''' Surendra Kumar Tibrewala, Sanjay Tibrewala, Aarti Jhunjhunwala, Alok Dhanuka<ref>{{Cite web|title=Composition of Committee of Directors|url=https://fineotex.com/committee-of-directors/|access-date=2021-12-16|website=Fineotex|language=en-US}}</ref>


== Collaboration ==
== Collaboration ==
In 2011, Fineotex got into a partnership with a European founded Specialty Chemical Manufacturing Company. The plant is situated in [[Malaysia]] and is managed and owned by European founded specialty chemical.
In 2011, Fineotex has entered into a partnership with a European founded specialty chemical manufacturing company, Biotex Malaysia. The management control is under the overseas partner.  


== Awards and recognition ==
== Awards and recognition ==
* In 2015, Fineotex got recognized as a Star Export House<ref name="business-standard"/><ref>{{cite news|title=Fineotex Chemical receives Star Export House certification|url=http://www.business-standard.com/article/printer-friendly-version?article_id=115102900737_1|access-date=6 January 2018|work=[[Business Standard]]|date=29 October 2015}}</ref>
 
* On 20 December 2017, Fineotex was awarded the Fastest Growing Manufacturer Chemical Company by Investors' Protection Fund (IPF) at [[Bombay Stock Exchange]].<ref>{{cite news|title=Fineotex Chemical wins award for Fastest Growing Company in Chemical Manufacturing Sector|url=http://www.business-standard.com/article/news-cm/fineotex-chemical-wins-award-for-fastest-growing-company-in-chemical-manufacturing-sector-117122100300_1.html|access-date=6 January 2018|work=[[Business Standard]]|date=21 December 2017}}</ref><ref>{{cite news|title=Awarded as The Fastest Growing Chemical Manufacturing Company|url=https://economictimes.indiatimes.com/Fineotex-Chemical-Ltd/stocksupdate/companyid-33348.cms|access-date=6 January 2018|work=[[The Economic Times]]|date=21 December 2017}}</ref>
* In 2015, Fineotex got recognized as a Star Export House<ref name="business-standard" /><ref>{{cite news|date=29 October 2015|title=Fineotex Chemical receives Star Export House certification|work=[[Business Standard]]|url=http://www.business-standard.com/article/printer-friendly-version?article_id=115102900737_1|access-date=6 January 2018}}</ref>
* On 20 December 2017, Fineotex was awarded the Fastest Growing Manufacturer Chemical Company by Investors' Protection Fund (IPF) at [[Bombay Stock Exchange]].<ref>{{cite news|date=21 December 2017|title=Fineotex Chemical wins award for Fastest Growing Company in Chemical Manufacturing Sector|work=[[Business Standard]]|url=http://www.business-standard.com/article/news-cm/fineotex-chemical-wins-award-for-fastest-growing-company-in-chemical-manufacturing-sector-117122100300_1.html|access-date=6 January 2018}}</ref><ref>{{cite news|date=21 December 2017|title=Awarded as The Fastest Growing Chemical Manufacturing Company|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/Fineotex-Chemical-Ltd/stocksupdate/companyid-33348.cms|access-date=6 January 2018}}</ref>
* In 2020, Fineotex was named as one of [[National Stock Exchange of India|NSE]]'s Top 1000 companies.


== See also ==
== See also ==
* [[Castrol India]]
* [[Castrol India]]
* [[Clariant Chemicals]]
* [[Clariant Chemicals]]
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==References==
== References ==
{{reflist|30em}}
{{reflist|30em}}


== External links ==
== External links ==
* {{Official website|http://www.fineotex.com}}
* {{Official website|http://www.fineotex.com}}
* [https://www.sebi.gov.in/sebi_data/attachdocs/1300101026893.pdf Fineotex Chemical Ltd.] on ''[[SEBI]]''
* [https://www.sebi.gov.in/sebi_data/attachdocs/1300101026893.pdf Fineotex Chemical Ltd.] on ''[[SEBI]]''
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[[Category:Indian companies established in 1979]]
[[Category:Chemical companies established in 1979]]
[[Category:Chemical companies established in 1979]]
[[Category:1979 establishments in Maharashtra]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:1979 establishments in Maharashtra]]
{{india-company-stub}}

Latest revision as of 23:51, 18 December 2021

Fineotex Chemical Limited
Traded asBSE: 533333[1]
NSE: FCL[2]
IndustryChemicals
Founded1979
HeadquartersMumbai, Maharashtra, India
Key people
Surendra Tibrewala
(Chairman & Managing Director)
Sanjay Tibrewala (Executive Director & CFO)
Aarti Jhunjhunwala (Executive Director)
ProductsSpecialty Textile chemicals
  • Increase ₹129.48 crore (2021)
[3]
  • Increase ₹145 crore (2021)
[3]
Number of employees
350+
SubsidiariesFineotex Malaysia Limited
Websitewww.fineotex.com

Fineotex Chemical Limited (BSE: 533333, NSE: FCL) (ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified) is a speciality chemical company with its headquarters in Mumbai, India.[4][5][6][7][8][9][10][11] Fineotex is engaged in manufacturing of Speciality Chemicals and Enzymes for Textile and Garment Industry, Water Treatment Industry, Leather Industry, Construction Industry, Paint Industry Agrochemicals, Adhesives and others.[12][13] The plants of Fineotex are located in Navi Mumbai, Ambernath, and Selangor in Malaysia.[12][6][14]

Fineotex has been named as one of India's Top 1000 Companies by National Stock Exchange of India.[15]

History[edit]

Fineotex group was founded by Surendra Tibrewala in 1979. Later, in 2004, it was incorporated as a private limited company under the name of Fineotex Chemical Pvt Ltd in the State of Maharashtra.[16] The company has been promoted by the members of the Tibrewala family. The company changed its name to Fineotex Chemical and went public with a listing on the Bombay Stock Exchange and the National Stock Exchange in 2007.[1][2] Fineotex claims itself to be the only textile chemical company in India to be listed in the Indian stock market. Reliance Wealth holds a significant stake in Fineotex. In the year 2007, the company earned ISO 9001:2000 certificate from JAS-ANZ. In 2011, the company incorporated a Wholly Owned Subsidiary company in Malaysia named Fineotex Malaysia Limited.[17][6] It also acquired a controlling stake in Malaysian manufacturing company Biotex. In the year 2014, the company was accredited with ISO 4001:2004 and OSHAS 8001:2007. In 2015, Fineotex was recognized as Star Export House by Directorate General of Foreign Trade, Ministry of Commerce and Industry.[12][4] As of 2018, the company had 87 distributors across India.[17] Its clients range across Textile and Garment Industry, Water Treatment Industry, Leather Industry, Construction Industry, Paint Industry Agrochemicals, Adhesives and others.[17]

In the year 2020, Fineotex forayed into the home care and hygiene segment to serve the surge in its demand in the wake of the COVID-19 pandemic.[18]

Arindam Choudhuri is the CEO since June 2021.[19]

In July 2021, the company signed a global marketing and sales channel partnership deal with HealthGuard Australia.[20]

In September, Fineotex announced its partnership with Eurodye-CTC, a textile chemical company based in Belgium for commercialization of specialty chemicals for the Indian market.[21] It has inked an MOU with Synthetic & Art Silk Mills' Research Association (Sasmira) to set up its Research & Development centre at Worli Hill, Mumbai.[22]

Management[edit]

The key management team of FCL comprises the following members[23]

Board of Directors[edit]

Surendra Kumar Tibrewala - Chairman and Managing Director

Sanjay Tibrewala - Executive Director

Aarti Jhunjhunwala - Executive Director

Navin Mittal - Independent Director

Alok Dhanuka - Independent Director

CS Bindu Shah - Independent Director

Anand Patwardhan - Independent Director

Sunil Waghmare - Independent Director

Committees[edit]

Audit Committee: Sanjay Tibrewala, Alok Dhanuka

Nomination and Remuneration Committee: Navin Mittal, Alok Dhanuka

Anti-sexual Harassment Committee: Surendra Kumar Tibrewala, Sanjay Tibrewala, Aarti Jhunjhunwala

CSR Committee: Surendra Kumar Tibrewala, Sanjay Tibrewala,

Stakeholder Relationship Committee: Sanjay Tibrewala, Alok Dhanuka

Administrative Committee: Surendra Kumar Tibrewala

Whistle-blower Committee: Surendra Kumar Tibrewala, Sanjay Tibrewala, Aarti Jhunjhunwala, Alok Dhanuka[24]

Collaboration[edit]

In 2011, Fineotex has entered into a partnership with a European founded specialty chemical manufacturing company, Biotex Malaysia. The management control is under the overseas partner.

Awards and recognition[edit]

  • In 2015, Fineotex got recognized as a Star Export House[12][25]
  • On 20 December 2017, Fineotex was awarded the Fastest Growing Manufacturer Chemical Company by Investors' Protection Fund (IPF) at Bombay Stock Exchange.[26][27]
  • In 2020, Fineotex was named as one of NSE's Top 1000 companies.

See also[edit]

References[edit]

  1. ↑ 1.0 1.1 "Fineotex Chemical Limited - BSE Ltd. (Bombay Stock Exchange)". Bombay Stock Exchange. Retrieved 6 January 2018.
  2. ↑ 2.0 2.1 "Fineotex Chemical Limited - NSE - National Stock Exchange of India Ltd". National Stock excel Exchange of India. Retrieved 6 January 2018.
  3. ↑ 3.0 3.1 "Fineotex Chemical Profit and Loss Reports". The Economic Times.
  4. ↑ 4.0 4.1 "Latest Fineotex chemical ltd information at www.indiainfoline.com". India Infoline. Retrieved 6 January 2018.
  5. ↑ "FINEOTEX CHEMICALS - The Free Press Journal" (PDF). The Free Press Journal. 21 February 2012. Retrieved 6 January 2018.
  6. ↑ 6.0 6.1 6.2 "Fineotex Chemical Ltd. Niche player in textile chemicals" (PDF). India Infoline. 10 August 2016. Retrieved 6 January 2018.
  7. ↑ "Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc" (PDF). Financial Express. 27 February 2015. Retrieved 6 January 2018.
  8. ↑ "Fineotex Chemical IPO on Feb 23, price-band fixed at Rs 60-72" (PDF). IBN Live. 15 February 2011. Retrieved 6 January 2018.
  9. ↑ "Three initial public offers (IPOs) to be launched this week". India Today. Retrieved 6 January 2018.
  10. ↑ "Three IPOs to be launched this week". The Times of India. 20 February 2011. Retrieved 6 January 2018.
  11. ↑ "Bachchan Uses Weakness to Strengthen His Holdings" (PDF). The Economic Times. Retrieved 6 January 2018.
  12. ↑ 12.0 12.1 12.2 12.3 "FINEOTEX CHEMICAL LTD. (FCL) - COMPANY HISTORY". Business Standard. Retrieved 6 January 2018.
  13. ↑ "Fineotex Chemical Ltd(NSE:FCL) - Google Finance". Google Finance. Retrieved 6 January 2018.
  14. ↑ "Fineotex Chemical IPO opens on Feb 23" (PDF). Moneycontrol.com. 14 February 2011. Retrieved 6 January 2018.
  15. ↑ "Compliance Information - NSE India". National Stock Exchange of India.
  16. ↑ "About Fineotex Chemical Ltd". The Economic Times. Retrieved 6 January 2018.
  17. ↑ 17.0 17.1 17.2 "Fineotex Chemical Ltd". NDTV. Retrieved 6 January 2018.
  18. ↑ "Speciality Chemicals to grow and Fineotex Chemicals to ride the Big Growth Wave: Sanjay Tibrewala, Fineotex Chemical Limited". MediaNews4U. 9 July 2021. Retrieved 1 December 2021.
  19. ↑ Jha, J. K. (7 June 2021). "Fineotex Chemical appoints Arindam Choudhuri as its Chief Executive Officer". www.thehansindia.com. Retrieved 30 November 2021.
  20. ↑ Mital, Ishaan (19 July 2021). "Sensex closes 587 pts lower, Nifty at 15,752; HDFC group stocks top drags". mint. Retrieved 16 December 2021.
  21. ↑ "Fineotex enters into deep collaboration with Eurodye-CTC - The Textile Magazine". Retrieved 30 November 2021.
  22. ↑ "Fineotex Group and Sasmira Institute join hands to set up R&D centre". www.indiainfoline.com. Retrieved 30 November 2021.
  23. ↑ "Fineotex Chemical Management Information - Details of Fineotex Chemical Management". The Economic Times. Retrieved 16 December 2021.
  24. ↑ "Composition of Committee of Directors". Fineotex. Retrieved 16 December 2021.
  25. ↑ "Fineotex Chemical receives Star Export House certification". Business Standard. 29 October 2015. Retrieved 6 January 2018.
  26. ↑ "Fineotex Chemical wins award for Fastest Growing Company in Chemical Manufacturing Sector". Business Standard. 21 December 2017. Retrieved 6 January 2018.
  27. ↑ "Awarded as The Fastest Growing Chemical Manufacturing Company". The Economic Times. 21 December 2017. Retrieved 6 January 2018.

External links[edit]

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