Incorporated in Pune in November 2003, Clean Science and Technology Ltd is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole). It has two manufacturing facilities in Kurkumbh (Maharashtra), with a combined installed capacity of 29,900 metric tonnes per annum and a 72 percent capacity utilisation rate in FY21.
The company supplies its products to manufacturers and distributors in India as well as overseas markets i.e. China, Europe, USA, Korea, Taiwan, and Japan. Bayer AG, Genex Laboratories Limited, Nutriad International NV, SRF Limited, Vinati Organics are a few of its customers. In fiscal 2020, it generated 69% of revenues through export outside India. As of FY21, Clean Science has emerged as the largest manufacturer globally of certain specialty chemicals like MEHQ, BHA and Anisole in terms of installed capacity.
Clean Science enjoys a strong customer base with key companies such as Bayer AG, SRF, Gennex Laboratories, Nutriad International NV and Vinati Organics. As of FY21, its top 10 customers contributed about 48 percent of its revenue. Clean Science’s earnings growth outlook is robust given its strong market share (among the largest producers globally of functionally critical specialty chemicals), consistent focus on R&D, greater cost control and strong long-standing relationships with key customers.
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