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Fineotex Chemical - Wikipedia

From Wikipedia, the free encyclopedia

Fineotex Chemical Limited

Company type	Public
Traded as	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
Operating income	₹129.48 crore (2021) ^[3]
Net income	₹145 crore (2021) ^[3]
Number of employees	350+
Subsidiaries	Fineotex 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]