Chemspec Chemicals is one of the leading manufacturers globally of critical additives for FMCG ingredients used in skin and hair products, and intermediates for pharmaceutical API’s used in antihypertensive drugs. The company is one of the largest manufacturers of UV absorbers globally and are among the two top producers of skin and hair care ingredients worldwide. Ingredients are manufactured in factories in Taloja and Mahad, both in Maharashtra, and the company’s global distribution network in the last three fiscals were spread across 43 countries in North America, Europe, the APAC region (including Japan), the Middle East and Africa[1].
As part of its FMCG product portfolio, it manufactures active ingredients used in sunscreen lotions and creams, antibacterial soaps, anti-dandruff shampoos, and preservatives.Its clientele include Beiersdorf AG, Unilever Supply Chain Company AG, L’Oreal, DSM Nutritional Products, Godrej Consumers Products, Glenmark Life Sciences, Dr. Reddy's Laboratories, CTX Lifesciences etc[2].
The Company is also the largest manufacturer of ‘piroctone olamine’ in India, and the largest producer of ‘chemilide’ (an antibacterial ingredient) in the world with an approximate market share of 70% market share[3].
As of 2023, the Company reported revenues of over 800 crores[4].
- ^ Sonavane, Ravindra N. (2021-09-06). "Chemspec Chemicals, Northern ARC Capital get Sebi approval for IPO". mint. Retrieved 2023-12-04.
- ^ "Another IPO coming your way: Chemspec Chemicals looks to raise ₹700 crore through public listing". Business Insider. Retrieved 2023-12-04.
- ^ "Another IPO coming your way: Chemspec Chemicals looks to raise ₹700 crore through public listing". Business Insider. Retrieved 2023-12-04.
- ^ "Rating Rationale". www.crisilratings.com. Retrieved 2023-12-04.