R & D Capabilities

Our R&D efforts are mainly focused on development of new products, improvement of our existing production processes, adoption of advance production technology, and improvement of the quality of our existing products.

We believe that these capabilities enable us to explore, among others, green and continuous flow chemistry processes which may give us a competitive edge in future. Of the products developed in last 10 years, 66 products have been successfully commercialized so far. Further, 66 products have been developed by us since March 31, 2011, and these products have contributed to 28.18%, 20.75%, 12.88% and 9.67% of our total revenue, in the nine months ended December 31, 2020 and the Fiscals 2020, 2019 and 2018 respectively. We have a dedicated DSIR-approved R&D facility situated at Vadodara equipped with glass assemblies, continuous flow reactors, and high pressure autoclaves set-up with the ability to run reactions at temperatures ranging from -10ºC to +300ºC, and up to pressure conditions measuring up to 100 bar. We also have a modern analytical development laboratory, to support and improve our R&D capabilities. Our analytical development laboratory is equipped with various state-of-the art instruments such as GCMS, GCHS, GC, HPLC, IC and XRD.

We believe that our continued focus on R&D helps us maintain and increase our market share by developing new products to cater to the evolving needs of our customers and also build and increase efficiencies in our current manufacturing processes, thus helping us produce high quality products consistently. We believe this also enable us to maintain a cost advantage over our competitors.

Our Company has, over the years, made regular investments in R&D to expand our product offerings and to streamline our manufacturing processes. Further, as a specialty chemicals manufacturer, we are driven by technical innovation in formulations and applications of our products. We continuously monitor industry trends so as to ensure that our products continue to remain relevant and help our customers meet the evolving market demands.

We have a dedicated DSIR approved R & D centre at our Vadodara facility where our qualified and experienced in-house R&D team focuses on the development of new products and improvement our current manufacturing processes. We have a dedicated DSIR approved R&D facility at Vadodara and have a team of 19 employees. The team comprises six personnel with doctorate degrees in science. Our Promoter, Chintan Shah is responsible for and heads the R&D initiatives of our Company.

Further, since the commencement of our dedicated R&D department, our product portfolio has grown from one product in 1996 to 138 products as of December 31, 2020. We believe that our product and process innovations will be key factors going forward and our continued investment in R&D will better prepare us for sustainability and take advantage of any future opportunities. Our R&D facility is recognized by the Department of Scientific and Industrial Research, Government of India. We also have a dedicated analytical development lab (ADL) to support our R&D initiatives, and is equipped with the latest technological instruments such as GCMS, GCHS, GC, HPLC, ICP-OES, IC and XRD.