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Aether Industries Limited
Company typePublic
ISININE0BWX01014)
IndustryConglomerate
Founded2013; 11 years ago (2013)
FounderAshwin Desai
Headquarters
Surat, Gujarat
,
India
Area served
Worldwide
Key people
Ashwin Desai
(Founder and Managing Director )
Purnima Desai (Co-Founder )
Rohan Desai (Co-Founder )
Dr. Aman Desai (Co-Founder and Director )
Products
OwnerAshwin Desai
Number of employees
1000+

Aether Industries Limited is an Indian chemical manufacturing company based in Surat, Gujarat.[1] The company specializes in producing advanced intermediates and specialty chemicals for various industries, including pharmaceuticals, agrochemicals, material sciences, and oil and gas.[2] Aether Industries was founded in 2013 and commenced revenue operations in 2018. The company has demonstrated a strong growth trajectory with a Compound Annual Growth Rate (CAGR) of 28.74% from 2018 to 2024.[3]

History

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Aether Industries Limited was established in Fiscal Year 2013 by a team of experienced professionals from the chemical industry.[4][5] The company initially focused on developing cutting-edge technologies and innovative chemical processes.[6][7] Revenue operations began in Fiscal Year 2018, and Aether has since grown into a prominent player in the Indian chemical industry.[8]

In June 2022, Aether Industries went public with its Initial Public Offering (IPO) on Indian stock exchange.[9][10] Following its public debut, the company also conducted a Qualified Institutional Placement (QIP) in June 2023 to raise additional capital.[11][12]

Business operations

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Aether Industries operates in niche markets, producing a wide range of specialty chemicals and intermediates that cater to various global industries.[13] The company is known for its focus on research and development (R&D), leveraging proprietary technologies to deliver customized solutions to its clients.[14][15]

In 2023, Aether Industries entered into a Contract/Exclusive Manufacturing Agreement with Chemoxy International Limited, a wholly-owned subsidiary of the SEQENS group, to further expand its reach in international markets.[16][17]

Workforce

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As of March 31, 2024, Aether Industries employs a young workforce with an average employee age of 29 years. The company refers to its employees as “Aetherians,” reflecting a corporate culture focused on innovation and collaboration.[18]

Key financials

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  • Revenue growth: From Fiscal Year 2018 to 2024, Aether Industries has grown at a CAGR of 28.74%.[19]
  • IPO: Aether Industries went public in June 2022.[10]
  • QIP: The company raised additional funds through a Qualified Institutional Placement in June 2023.[12]

Partnerships and collaborations

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Aether Industries has established strategic partnerships with global chemical companies to broaden its product portfolio and expand its market presence.[14] The agreement with Chemoxy International Limited exemplifies its approach to forging international collaborations.[20]

References

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  1. ^ "Meet Surat's richest man, who once lived in one room, now his net worth is Rs.10,046 crore, his business is..." India.com. 2024-10-02. Retrieved 2024-10-17.
  2. ^ "Aether Industries Announces Strategic Manufacturing Partnership with SEQENS Group". Chemical Industry Digest. 2024-08-23. Retrieved 2024-10-17.
  3. ^ "Aether Industries Limited Management Discussions". India Infoline. Retrieved 2024-10-17.
  4. ^ "Company History and Annual Growth Details". Good Returns.
  5. ^ "Buy Aether Industries, target price Rs 1117: HDFC Securities". The Economic Times. 2024-08-27. ISSN 0013-0389. Retrieved 2024-10-19.
  6. ^ "Aether, H.B. Fuller and Saudi Aramco Technologies announce commercialization of sustainable converge polyols". www.indianchemicalnews.com. Retrieved 2024-10-19.
  7. ^ "Aether Industries, H B Fuller, Saudi Aramco jointly commercialise sustainable convergeo polyols tech". The Economic Times. 2024-01-09. ISSN 0013-0389. Retrieved 2024-10-19.
  8. ^ "Aether Industries commercialized manufacturing site 3 to manufacture speciality chemicals & intermediates". www.indianchemicalnews.com. Retrieved 2024-10-19.
  9. ^ "Aether Industries IPO Details - IPO Date, Price, GMP, Analysis & Review". www.chittorgarh.com. Retrieved 2024-10-19.
  10. ^ a b Nahar, Pawan (2022-06-03). "Aether Industries lists at 10% premium on stock exchanges". The Economic Times. ISSN 0013-0389. Retrieved 2024-10-19.
  11. ^ "Aether Industries completes QIP to Raise Rs. 750 Cr". www.indianchemicalnews.com. Retrieved 2024-10-19.
  12. ^ a b "Aether Industries raises Rs 750 crore through QIP issue — Goldman Sachs, SBI MF among key buyers - CNBC TV18". CNBCTV18. 2023-06-23. Retrieved 2024-10-19.
  13. ^ "Aether Industries Niche specialty chemical producer". www.capitalmarket.com. Retrieved 2024-10-19.
  14. ^ a b "Aether Industries Composite of competencies" (PDF). Business Standard Institutional Research.
  15. ^ "Aether Industries IPO: Everything you need to know". The Indian Express. 2022-05-25. Retrieved 2024-10-19.
  16. ^ "Aether Industries signs exclusive manufacturing agreement with SEQENS for bio-based products - CNBC TV18". CNBCTV18. 2024-08-22. Retrieved 2024-10-19.
  17. ^ "Aether Industries signs exclusive manufacturing agreement with SEQENS for bio-based products - Manufacturing Today India". 2024-08-23. Retrieved 2024-10-19.
  18. ^ "Our focus is on organic expansion and building our own plants...: Dr. Aman Desai, Promoter and Whole Time Director, Aether Industries". indianchemicalnews.com. Retrieved 2024-10-19.
  19. ^ "Profit After Tax analysis of Aether Industries Ltd., FY - 82.49 Cr, YoY Growth -". www.topstockresearch.com. Retrieved 2024-10-19.
  20. ^ "Aether Industries signs exclusive manufacturing agreement with SEQENS for bio-based products - CNBC TV18". CNBCTV18. 2024-08-22. Retrieved 2024-10-19.
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