Fineotex Chemical Limited (Template:BSE, Template:NSE) (ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified) is a speciality chemical company with its headquarters in Mumbai, India.[1][2][3][4][5][6][7][8] 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.[9][10] The plants of Fineotex are located in Navi Mumbai, Ambernath, and Selangor in Malaysia.[9][3][11]
Fineotex has been named as one of India's Top 1000 Companies by National Stock Exchange of India.[12]
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.[13] 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.[14][15] 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.[16][3] 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.[9][1] As of 2018, the company had 87 distributors across India.[16] Its clients range across Textile and Garment Industry, Water Treatment Industry, Leather Industry, Construction Industry, Paint Industry Agrochemicals, Adhesives and others.[16]
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.[17]
Arindam Choudhuri is the CEO since June 2021.[18]
In July 2021, the company signed a global marketing and sales channel partnership deal with HealthGuard Australia.[19]
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.[20] It has inked an MOU with Synthetic & Art Silk Mills' Research Association (Sasmira) to set up its Research & Development centre at Worli Hill, Mumbai.[21]
Management
The key management team of FCL comprises the following members[22]
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[23]
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[9][24]
- On 20 December 2017, Fineotex was awarded the Fastest Growing Manufacturer Chemical Company by Investors' Protection Fund (IPF) at Bombay Stock Exchange.[25][26]
- In 2020, Fineotex was named as one of NSE's Top 1000 companies.
See also
References
- ↑ 1.0 1.1 Latest Fineotex chemical ltd information at www.indiainfoline.com. India Infoline. Retrieved 6 January 2018.
- ↑ FINEOTEX CHEMICALS - The Free Press Journal. The Free Press Journal(21 February 2012). Retrieved 6 January 2018.
- ↑ 3.0 3.1 3.2 Fineotex Chemical Ltd. Niche player in textile chemicals. India Infoline(10 August 2016). Retrieved 6 January 2018.
- ↑ Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc. Financial Express(27 February 2015). Retrieved 6 January 2018.
- ↑ Fineotex Chemical IPO on Feb 23, price-band fixed at Rs 60-72. IBN Live(15 February 2011). Retrieved 6 January 2018.
- ↑ Three initial public offers (IPOs) to be launched this week. India Today. Retrieved 6 January 2018.
- ↑ Three IPOs to be launched this week. The Times of India(20 February 2011). Retrieved 6 January 2018.
- ↑ Bachchan Uses Weakness to Strengthen His Holdings. The Economic Times. Retrieved 6 January 2018.
- ↑ 9.0 9.1 9.2 9.3 FINEOTEX CHEMICAL LTD. (FCL) - COMPANY HISTORY. Business Standard. Retrieved 6 January 2018.
- ↑ Fineotex Chemical Ltd(NSE:FCL) - Google Finance. Google Finance. Retrieved 6 January 2018.
- ↑ Fineotex Chemical IPO opens on Feb 23. Moneycontrol.com(14 February 2011). Retrieved 6 January 2018.
- ↑ Compliance Information - NSE India. National Stock Exchange of India.
- ↑ About Fineotex Chemical Ltd.. The Economic Times. Retrieved 6 January 2018.
- ↑ Fineotex Chemical Limited - BSE Ltd. (Bombay Stock Exchange). Bombay Stock Exchange. Retrieved 6 January 2018.
- ↑ Fineotex Chemical Limited - NSE - National Stock Exchange of India Ltd.. National Stock excel Exchange of India. Retrieved 6 January 2018.
- ↑ 16.0 16.1 16.2 Fineotex Chemical Ltd.. NDTV. Retrieved 6 January 2018.
- ↑ Speciality Chemicals to grow and Fineotex Chemicals to ride the Big Growth Wave: Sanjay Tibrewala, Fineotex Chemical Limited. MediaNews4U(2021-07-09). Retrieved 2021-12-01.
- ↑ Fineotex Chemical appoints Arindam Choudhuri as its Chief Executive Officer, Jha, J. K.. www.thehansindia.com(2021-06-07). Retrieved 2021-11-30.
- ↑ Sensex closes 587 pts lower, Nifty at 15,752; HDFC group stocks top drags, Mital, Ishaan. mint(2021-07-19). Retrieved 2021-12-16.
- ↑ Fineotex enters into deep collaboration with Eurodye-CTC - The Textile Magazine. Retrieved 2021-11-30.
- ↑ Fineotex Group and Sasmira Institute join hands to set up R&D centre. www.indiainfoline.com. Retrieved 2021-11-30.
- ↑ Fineotex Chemical Management Information - Details of Fineotex Chemical Management. The Economic Times. Retrieved 2021-12-16.
- ↑ Composition of Committee of Directors. Fineotex. Retrieved 2021-12-16.
- ↑ Fineotex Chemical receives Star Export House certification. Business Standard(29 October 2015). Retrieved 6 January 2018.
- ↑ Fineotex Chemical wins award for Fastest Growing Company in Chemical Manufacturing Sector. Business Standard(21 December 2017). Retrieved 6 January 2018.
- ↑ Awarded as The Fastest Growing Chemical Manufacturing Company. The Economic Times(21 December 2017). Retrieved 6 January 2018.