Industry- Chemical Industry.
Headquarters- Pune, Maharashtra
Area served- India.
Key people- Pradeep Rathi, Ashok Boob, Madhu Dubhashi.
Products- Performance Chemical, Pharmaceutical Intermediated, and FMCG Chemicals
Revenue- 5,380.71 Cr
Number of employees- 300 plus
Clean Science and Technology Limited, a Maharashtra-based chemical manufacturing company founded in 2003, has risen to prominence as a global leader in producing innovative and eco-friendly chemical products. Located in Kurkumbh MIDC, Pune, India, Clean Science and Technology has established itself as a frontrunner in the industry, focusing on performance chemicals, pharmaceutical chemicals, and FMCG (Fast-Moving Consumer Goods) chemicals.
A History of Excellence
Clean Science and Technology embarked on its commercial journey in 2003, quickly earning recognition as one of the world’s leading chemical manufacturers. The company has produced a diverse range of chemicals, including performance chemicals like MEHQ, AP, and BHA, pharmaceutical chemicals such as DCC and Guaiacol, and FMCG chemicals like Anisole and 4-MAP.
Notably, Clean Science and Technology has extended its reach beyond India, exporting its products to manufacturers and distributors in various international markets, including the USA, China, Japan, Russia, Europe, and Korea. In 2020, a substantial 69% of the company’s revenue was generated through its export business to foreign countries.
As of December 31, 2020, Clean Science and Technology boasts two manufacturing facilities in Kurkumbh MIDC (Maharashtra), with a combined installed production capacity of 29,900 metric tons per annum (MTPA). The company made headlines by successfully raising Rs 1,546.62 crore through an initial public offering (IPO) held from July 7 to July 9, 2021.
Diverse Product Portfolio
Clean Science and Technology is renowned as the world’s largest chemical manufacturing company, offering a wide range of products, including Anisole, L-Ascorbyl Palmitate, Butylated hydroxy Anisole (BHA), Monomethyl ether of hydroquinone (MEHQ), among others. These chemicals play crucial roles in various manufacturing processes, from perfume production to insect pheromones and acrylics to styrene monomers. The company has successfully exported these chemicals to more than 25 countries across the globe.
Clean Science and Technology’s success is underpinned by its independent and well-equipped production units, supported by a dedicated workforce of 300 employees at Kurkumbh MIDC and its Pune office. The company’s in-house process design expertise enables it to expand production capacity in response to growing demand.
Furthermore, Clean Science has invested in two state-of-the-art research and development labs, both certified by the Department of Scientific and Industrial Research (DSIR), New Delhi, India. Each unit is equipped with warehousing facilities and space for cargo handling, featuring precision weighing bridges. These warehouses adhere to the rigorous safety and health standards set by the pharmaceutical and food industries.
Certifications and Accolades
Clean Science and Technology is renowned for its commitment to quality and excellence, as evidenced by its certifications, including ISO 9001:2015, ISO 14004:2015, and ISO 45001:2018 for its manufacturing facilities, marketing department, and dispatch of specialty chemicals. The company’s Kurkumbh MIDC facility also holds Management System Certification from FAMI-Q and FSSC 22000 (Food Safety System Certification).
Moreover, Clean Science has obtained HALAL and KOSHER certifications for its food-related products. The company’s dedication to excellence has been recognized through awards such as the Best Export Award received in February 2018 at the Magnetic Maharashtra Summit, and being named the winner of the SME Elite 50 Jury round conducted by ICICI BANK. The Government of Maharashtra Industries Department also honored Clean Science and Technology for its outstanding export performance in 2016-2017.
IPO Success and Future Endeavors
Clean Science and Technology Limited made a significant mark in the financial world with its successful IPO in July 2021. The company plans to raise approximately Rs 1,546.62 crore, with shares issued at a price range of Rs 880 to Rs 900 per equity share. The IPO garnered considerable interest, with shares trading at a remarkable 50% premium in the gray market. Upon listing on BSE and NSE platforms, Clean Science’s IPO shares achieved an impressive 98% premium over the issue price, settling at Rs 1,784.4.
A Global Chemical Leader
In conclusion, Clean Science and Technology Limited stands as a global leader in chemical manufacturing, offering innovative and eco-friendly solutions to a diverse range of industries worldwide. With a strategic location and unwavering commitment to quality, the company has fostered strong relationships with key customers and maintained a consistent track record of financial success. Its international presence and dedication to clean processes position Clean Science as a beacon of excellence in the chemical industry.
Chairman & Non-Executive Director