History

Our Company was incorporated as ‘Tatva Chintan Pharma Chem Private Limited’ pursuant to a certificate of incorporation dated June 12, 1996 issued by the Registrar of Companies, Gujarat and Dadra & Nagar Haveli at Ahmedabad (“RoC”). Thereafter, pursuant to the conversion of our Company to a public limited company, the name of our Company was changed to ‘Tatva Chintan Pharma Chem Limited’, and a fresh certificate of incorporation dated February 26, 2021 was issued to our Company by the RoC.

Subsidiaries of our Company

Our Company has two Subsidiaries, namely, Tatva Chintan USA, Inc. and Tatva Chintan Europe B.V.

1. Tatva Chintan USA, Inc. (“TC USA”)

TC USA was incorporated under the Michigan Limited Liability Companies Act on March 16, 2015, with the Michigan Department of Licensing and Regulatory Affairs. Its registered office is located at 950 Taylor Avenue, Suite 230A, Grand Haven, Michigan 49417, United States. Its registration number ID Number is 06335J as per its articles, EIN 38-3957281 and ID Number: 800774665. TC USA is currently engaged in the distribution and sale of specialty chemicals. In accordance with the provisions of its constitutional documents, TC USA is permitted to carry out its present business activities.

2. Tatva Chintan Europe B.V. (“TC Europe”)

TC Europe was incorporated under Book 2 of the Netherlands’ Civil Code on March 1, 2019, with the Netherlands’ Chamber of Commerce. Its registered office is located at Cacaoweg 20, 1047 BM Amsterdam, Netherlands. The registration number of TC Europe is 859794490. TC Europe is currently engaged in the wholesale of basic and industrial chemicals. In accordance with the provisions of its constitutional documents, TC Europe is permitted to carry out its present business activities.

Major events and milestones of our Company

The table below sets forth the key events in the history of our Company:

1996

Incorporation of our Company

2004

Received licence to manufacture for sale (or for distribution) of certain drugs from the Food and Drugs Control Administration, Gujarat at our Ankleshwar Manufacturing Facility

2007

Expansion of manufacturing capacity at our Ankleshwar Manufacturing Facility

2011

Commenced commercial manufacturing of SDAs

2013

Attained turnover of ₹500.00 million

2015

Attained turnover of ₹1 billion

2015

Incorporation of Tatva Chintan USA Inc., a wholly owned Subsidiary of our Company

2015

Set up warehousing facility in Netherlands

2017

Set up our Dahej Manufacturing Facility

2018

Set up R&D facility in Vadodara

2019

Incorporation of Tatva Chintan Europe BV, a wholly owned Subsidiary of our Company

2020

Completion of ‘Together for Sustainability’ audit

2020

Conversion of our Ankleshwar Manufacturing Facility to a ‘zero liquid effluent discharge facility’

2020

Attained total revenue of ₹2 billion

2020

Increase in manufacturing capacity at our Dahej Manufacturing Facility resulting in an increase in the aggregate manufacturing capacity of our Company from 160 KL and 10 Assembly Lines to 280 KL and 13 Assembly Lines

Awards, accreditations or recognitions

Our Company has received the following awards, accreditations and recognitions:

2006

Received ISO 9001:2015 certification for our manufacturing facility at Ankleshwar

2015

Appreciation certificate from the Office of the Chief Commission of Central Excise, Customs & Service Tax, Vadodara Zone for our Company’s contribution to the revenue and voluntary compliance with tax laws

2016

Accorded the status of a two star export house from the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India

2017

Received ISO 14001:2015 and BS OHSAS 18001:2007 certification for our manufacturing facility at Ankleshwar

2018

Received ISO 9001: 2015 certification for manufacturing facilities at Ankleshwar and Dahej Received ISO 14001: 2015 and BS OHSAS 18001:2007 certification for manufacturing facility at Dahej

2019

R&D facility recognized by the Department of Scientific and Industrial Research, Government of India for the purpose of availing customs duty exemption

2020

Received ISO 14001:2015 and 45001:2018 certification for manufacturing facility at Ankleshwar