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Fineotex Chemical

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

HistoryEdit

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]

ManagementEdit

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

Board of DirectorsEdit

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

CommitteesEdit

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]

CollaborationEdit

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 recognitionEdit

  • 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 alsoEdit

ReferencesEdit

  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 linksEdit

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