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About the Company:
As per the CRISIL Report, Prasol Chemical is among the leading forward integrated manufacturers of acetone derivatives and phosphorous derivatives in India. The firm’s products have end uses in four segments namely pharmaceuticals, agrochemicals, home, and personal care, and performance chemicals. Since incorporation, Parsol Chemicals have significantly expanded our business and scale of operations and have grown from a small-scale manufacturer to a large diversified specialty chemical player with a global footprint.
Prasol Chemical is a Government of India certified Two Star Export House Company with a global distribution network spread across 45 countries across Asia, North America, and the European Union as of December 31, 2021. The revenue from the export of its products for the nine months ended December 31, 2021, and for Fiscals 2021, 2020, and 2019 accounted for ₹ 1,342.79 million, ₹ 1,387.20 million, ₹ 1,406.47 million, and ₹ 1,245.00 million, resulting into 21.24%, 23.04%, 26.30%, and 24.96%, of the total income, respectively for such periods.
The firm’s Khopoli Facility located in Maharashtra has been certified with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 from Bureau Veritas. The chemical company is also awarded the “Splash Award” for annual performance for the year 2017 – 2018 for being the most proactive and progressive importer of the year by All India Liquid Bulk Importers and Exporters Association and a “silver medal” as a recognition for our EcoVadis Rating from EcoVadis Sustainability Rating.
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||4||-||-||-||-||-|
|Income Statement(in Milllions)||Dec'2021||FY21||FY20||FY19|
|Gross Operating Income||6,321.85||6,021.36||5,347.15||4,988.74|
|Cost of Employee & Inventory||209.77||188.65||217.85||158.84|
|Profit Before Tax||672.31||337.9||438.68||382.15|
|Profit After Tax||500.96||250.84||377.74||237.20|
Nishith Rajnikant Shah,
• Atul Limited • Aarti Industries Limited • Fine Organic Industries Limited • Neogen Chemicals Limited • Privi Speciality Chemicals Limited • Laxmi Organic Industries limited
The proceeds from the sale of 90,00,000 equity shares will not be received by the company.
Net proceeds from the sale of fresh shares worth Rs250cr will be utilized for the following objectives: • Repayment/ prepayment, in full or part, of certain borrowings, availed of by our Company; • Funding working capital requirements of our Company • General corporate purposes.