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]
 | |
| Company type | Public |
|---|---|
| BSE: 533333[1] NSE: FCL[2] | |
| Industry | Chemicals |
| Founded | 1979 |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Surendra Tibrewala (Chairman & Managing Director) Sanjay Tibrewala (Executive Director & CFO) Aarti Jhunjhunwala (Executive Director) |
| Products | Specialty Textile chemicals |
| |
| |
Number of employees | 350+ |
| Subsidiaries | Fineotex Malaysia Limited |
| Website | www |
Fineotex has been named as one of India's Top 1000 Companies by National Stock Exchange of India.[14]
History
editFineotex 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
edit- 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
edit
References
edit- ^ a b "Fineotex Chemical Limited - BSE Ltd. (Bombay Stock Exchange)". Bombay Stock Exchange. Retrieved 6 January 2018.
- ^ a b "Fineotex Chemical Limited - NSE - National Stock Exchange of India Ltd". National Stock Exchange of India. Retrieved 6 January 2018.
- ^ a b "Fineotex Chemical Profit and Loss Reports". The Economic Times.
- ^ a b "Latest Fineotex chemical ltd information at www.indiainfoline.com". India Infoline. Retrieved 6 January 2018.
- ^ "FINEOTEX CHEMICALS - The Free Press Journal" (PDF). The Free Press Journal. 21 February 2012. Retrieved 6 January 2018.
- ^ a b c "Fineotex Chemical Ltd. Niche player in textile chemicals" (PDF). India Infoline. 10 August 2016. Retrieved 6 January 2018.
- ^ "Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc" (PDF). Financial Express. 27 February 2015. Retrieved 6 January 2018.
- ^ "Fineotex Chemical IPO on Feb 23, price-band fixed at Rs 60-72" (PDF). 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" (PDF). The Economic Times. Retrieved 6 January 2018.
- ^ a b c "FINEOTEX CHEMICAL LTD. (FCL) - COMPANY HISTORY". Business Standard. Retrieved 6 January 2018.
- ^ "Fineotex Chemical IPO opens on Feb 23" (PDF). 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.
- ^ a b "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. 9 July 2021. Retrieved 1 December 2021.
- ^ "Fineotex enters into deep collaboration with Eurodye-CTC - The Textile Magazine". 17 September 2021. Retrieved 30 November 2021.
- ^ MarketScreener (15 September 2021). "Fineotex Chemical Limited Enters into Strategic Collaboration with Eurodye-CTC | MarketScreener". www.marketscreener.com.
- ^ "Fineotex Group and Sasmira Institute join hands to set up R&D centre". www.indiainfoline.com. Retrieved 30 November 2021.
- ^ "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.
- ^ "Fineotex achieves Great Place to Work certificate". Textile News, Apparel News, RMG News, Fashion Trends. 22 May 2022.