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Meghmani Organics Limited, is a result of transformation of Gujarat Industries, the latter was established as a partnership firm in 1986 to manufacture pigments. The company has diversified business interests in pesticides and pigment products. Meghmani is Rs.6000 million business houses and is one of the largest producers of pigment blue in the world and one of the leading producers of pigment green and pesticides in India. The sales of 80% of the pigment product and over 50% of pesticides products are achieved through exports. The company has four multifunctional production facilities in Gujarat out of which three are ISO 9001-2000. Evolution into a leading chemical company 1986: Started Operations1995: Converted into a Public Ltd. Co. 1st Agro Plant setup1996: Expansion of pigments business with establishment of Panoli plant to manufacture CPC Blue1997: Private Equity Investment in Meghmani Organics Ltd.1999: Started Blue Pigment Production at Panoli Plant2003: Acquisition of Ankleshwar Plant for expansion of range of Agrochemical Products.2004: Acquired Agro assets from Rallis, Singapore Listing done2007: India Listing done2009: Acquired 2 new sited for Agro-chemicals at Panoli and Dahej2013-14: New Pigment Plant at Dahej SEZ. Expansion of Caustic-Chlorine facility2015: Diversification into caustic Potash CUSTOMERS & MARKETS Major Customers Pigments A partial list of their long-standing customers for pigment products is: CIBASun ChemicalsFlint InkSudarshan Chemicals They have: Over 200 customers from across the globe - North America, Europe, Central and Latin America, and Asia-Pacific. Their customers are mainly MNCs who are leading players in the industries they operate. Pesticides A partial list of their long-standing customers for pesticides is: Micro FloValentMeghmani Agrodyne LimitedFMC Agricultural Products They have: Over 90 customers, including leading pesticides manufacturers in North America, Europe, Latin America, Asia and end users in the domestic Indian market. Growth Drivers
- Leading chemical company diversified across products & geographies ,exports to 75 countries servicing 400+ marquee clients
- Leading global player in phthalocyanine pigment industry
- Agrochemicals product offering encompasses the entire value chain
- Basic Chemicals segment witnessing robust growth rate
- Strong International Presence with approximately 57% of export sales
- Agrochemicals: Registrations and trademarks give competitive advantage in a regulated market
- Agrochemicals: High-margin branded formulations key driver
- Basic Chemicals: Fourth largest Caustic-Chlorine flakes capacity in India strategically located in Dahej
- Overall Caustic-Chlorine capacity at healthy 90%+
- Global pigments market driven by growth in end user industries
- India has significant potential for higher use of Agrochemicals
- Caustic-Chlorine with wide applications will be driven by economy upswing
- Sweating of existing capacity to ramp revenues to 20 billion
- Meghmani plans to reduce debt by ? 2.25 bn by March 2017