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Fineotex Chemical Limited
Company type Public
BSE:  533333 [1]
NSE:  FCL [2]
Industry Chemicals
Founded1979
Headquarters Mumbai, 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
Website www.fineotex.com

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

Fineotex has been named as one of India's Top 1000 Companies by National Stock Exchange of India. [14]

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. [15] In 2007, the company changed its name to Fineotex Chemical and went public with a listing on the Bombay Stock Exchange and the National Stock Exchange. [1] [2]

Fineotex is the only textile chemical company in India to be listed in the Indian stock market.[ citation needed] In the year 2007, Fineotex 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] [6] It also acquired a controlling stake in Malaysian manufacturing company Biotex. In the year 2014, the company was accredited with ISO 4001:2004. 14045:2012 , 9001:2015 , 14001:2015 , 45001:2018 , 22000:2018 and SA 8000. In 2015, Fineotex was recognized as Star Export House by Directorate General of Foreign Trade, Ministry of Commerce and Industry. [12] [4] [16]

In the year 2020, Fineotex entered into the home care and hygiene segment to serve the surge in its demand in the wake of the COVID-19 pandemic. [17]

In September 2021, Fineotex made and announcement of its partnership with Eurodye-CTC, a textile chemical company based in Belgium for commercialization of specialty chemicals for the Indian market. [18] [19] The company has inked an MOU with Synthetic & Art Silk Mills' Research Association (Sasmira) to set up its Research & Development centre at Worli Hill, Mumbai. [20]

Awards and recognition

  • On 20 December 2017, Fineotex was awarded the Fastest Growing Manufacturer Chemical Company by Investors' Protection Fund (IPF) at Bombay Stock Exchange. [21] [22]
  • In 2022, earned the certification of being a 'Great Place to Work. [23]

See also

References

  1. ^ a b "Fineotex Chemical Limited - BSE Ltd. (Bombay Stock Exchange)". Bombay Stock Exchange. Retrieved 6 January 2018.
  2. ^ a b "Fineotex Chemical Limited - NSE - National Stock Exchange of India Ltd". National Stock Exchange of India. Retrieved 6 January 2018.
  3. ^ a b "Fineotex Chemical Profit and Loss Reports". The Economic Times.
  4. ^ a b "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. ^ a b c "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. ^ a b c "FINEOTEX CHEMICAL LTD. (FCL) - COMPANY HISTORY". Business Standard. Retrieved 6 January 2018.
  13. ^ "Fineotex Chemical IPO opens on Feb 23" (PDF). Moneycontrol.com. 14 February 2011. Retrieved 6 January 2018.
  14. ^ "Compliance Information - NSE India". National Stock Exchange of India.
  15. ^ "About Fineotex Chemical Ltd". The Economic Times. Retrieved 6 January 2018.
  16. ^ a b "Fineotex Chemical Ltd". NDTV. Retrieved 6 January 2018.
  17. ^ "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.
  18. ^ "Fineotex enters into deep collaboration with Eurodye-CTC - The Textile Magazine". 17 September 2021. Retrieved 30 November 2021.
  19. ^ MarketScreener (15 September 2021). "Fineotex Chemical Limited Enters into Strategic Collaboration with Eurodye-CTC | MarketScreener". www.marketscreener.com.
  20. ^ "Fineotex Group and Sasmira Institute join hands to set up R&D centre". www.indiainfoline.com. Retrieved 30 November 2021.
  21. ^ "Fineotex Chemical wins award for Fastest Growing Company in Chemical Manufacturing Sector". Business Standard. 21 December 2017. Retrieved 6 January 2018.
  22. ^ "Awarded as The Fastest Growing Chemical Manufacturing Company". The Economic Times. 21 December 2017. Retrieved 6 January 2018.
  23. ^ "Fineotex achieves Great Place to Work certificate". Textile News, Apparel News, RMG News, Fashion Trends. 22 May 2022.

External links

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