UpdateBot at 18:21, 18 December 2021

2021-12-18T18:21:08Z

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

{{Orphan|date=June 2018}}

{{Infobox company
| name = Fineotex Chemical Limited
| logo = Fineotex Chemical logo.png
| type = Chemical Company
| traded_as = {{BSE|533333}}<ref name="bseindia"/><br/>{{NSE|FCL}}<ref name="nseindia"/>
| industry = [[Chemicals]]
| foundation = 1979
| location = [[Mumbai]], [[Maharashtra]], India
| key_people = Surendra Tibrewala <br /> ([[Chairman]] & [[Managing Director]])<br/>Sanjay Tibrewala ([[Executive Director]] & [[CFO]])<br/>Aarti Jhunjhunwala ([[Executive Director]])
| products = Specialty Textile chemicals
| revenue =
| 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>
| net_income = {{Unbulleted list|{{Increase}} [[₹]]145 crore (2021)}}<ref name="ET"/>
| assets =
| equity =
| owner =
| num_employees = 350+
| subsid = Fineotex Malaysia Limited
| homepage = {{URL|http://www.fineotex.com}}
| company_slogan =
}}

'''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 ==
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

'''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 ==
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 ==

* 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 ==

* [[Castrol India]]
* [[Clariant Chemicals]]
* [[Cochin Minerals and Rutile Limited]]
{{Portal bar|Companies|India}}

== References ==
{{reflist|30em}}

== External links ==

* {{Official website|http://www.fineotex.com}}
* [https://www.sebi.gov.in/sebi_data/attachdocs/1300101026893.pdf Fineotex Chemical Ltd.] on ''[[SEBI]]''
{{Authority control}}

[[Category:Chemical companies of India]]
[[Category:Manufacturing companies based in Mumbai]]
[[Category:Indian 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 Bombay Stock Exchange]]

Fineotex Chemical - Revision history

UpdateBot at 18:21, 18 December 2021