Letter to Shareholders
Dear
Shareholders,
As we reflect on the past year and look towards the future,
I am pleased to address you on behalf of Anupam Rasayan India Limited. The global
chemical industry stands at a pivotal juncture, facing both unprecedented challenges and
extraordinary opportunities. In this landscape of change, our company has not only adapted
but thrived, positioning itself as a leader in sustainable and innovative chemical
solutions.
The chemical industry is undergoing a profound transformation, driven by increasing
environmental concerns, stringent regulations, and a global shift towards sustainability.
The specialty chemicals sector, in particular, is experiencing robust growth. This growth
is primarily fuelled by rising demand in construction, electronics, pharmaceuticals, and
water treatment sectors.
Amidst this evolving landscape, Anupam Rasayan has strategically positioned itself to
capitalise on these opportunities while maintaining our commitment to sustainability. Our
focus on research and development, coupled with our expertise in complex chemistries, has
allowed us to develop innovative products that meet the growing demand for environmentally
friendly solutions.
Our Green Revolution
The global push towards sustainability has created a unique opportunity for companies
like ours. The chemical industry is at the forefront of developing solutions for a
low-carbon future, supporting more than 75% of emissions reduction technologies needed to
meet net-zero goals by 2050. Our investments in green technologies and sustainable
practices are not just ethical imperatives but also sound business strategies that enhance
our competitive edge.
Our commitment to sustainability is reflected in our significant investments in
renewable energy. The recent P593 million investment in a hybrid solar and wind power
plant is a testament to our dedication to reducing our carbon footprint.
This initiative, along with our existing renewable energy investments, will ensure that
over 65% of our electricity consumption comes from green sources, resulting in substantial
annual savings and taking us closer to our goal of achieving energy net zero by 2027.
Moreover, our sustainability efforts extend beyond environmental considerations.
We have implemented comprehensive programs aimed at enhancing the wellbeing of our
employees, local communities, and society at large. Our CSR initiatives, focusing on areas
such as healthcare, education, and skill development, underscore our belief that true
sustainability encompasses social responsibility as well.
Strategic Initiatives and Growth Drivers
On the front of innovation, Anupam Rasayan continues to push boundaries. Our state-of-
the-art R&D centre, recognised by the Department of Scientific and Industrial Research
(DSIR), is at the forefront of developing new molecules and processes. With a team of 88
dedicated professionals, we are continuously exploring new frontiers in chemistry,
particularly in areas such as flow chemistry and photochemistry. These advanced
technologies not only enhance our efficiency but also contribute to more sustainable
manufacturing processes.
The acquisition of a controlling stake in Tanfac Industries Limited marks a significant
milestone in our growth strategy.
This move strengthens our position in fluorination chemistry, providing us with
uninterrupted access to key raw materials and expanding our product portfolio in high-
value segments. Such strategic decisions not only enhance our capabilities but also
contribute to the broader goal of reducing import dependence and strengthening India's
position in the global chemical supply chain.
As we look to the future, the specialty chemicals market in India presents immense
opportunities. Projected to grow at a CAGR of more than 12% from 2020 to 2025, this sector
is poised to outpace global growth rates. Anupam Rasayan, with its strong process
engineering capabilities, cost-effective manufacturing, and abundant skilled manpower, is
well-positioned to capitalise on this growth trajectory.
Charting Our Course
Our focus on custom synthesis and manufacturing of specialty chemicals aligns perfectly
with the evolving needs of the global market. The increasing demand for tailor-made
solutions in agrochemicals, pharmaceuticals, polymers, electronic chemicals and personal
care products plays to our strengths. Our ability to undertake complex multi-step
synthesis and handle challenging chemistries sets us apart in a competitive landscape.
The shift towards a more service-oriented approach in the specialty chemicals sector
presents another avenue for growth. By providing comprehensive support services to our
clients and developing custom formulations, we are not just selling products but creating
long-term partnerships. This approach not only enhances our value proposition but also
raises entry barriers for competitors.
In line with global trends, we are also exploring the integration of artificial
intelligence and machine learning in our R&D processes.
These technologies have the potential to significantly accelerate our innovation cycle,
reduce costs, and improve the accuracy of our predictions in developing new compounds.
As we navigate the complexities of the global chemical industry, we remain cognizant of
the challenges ahead. Geopolitical tensions, supply chain disruptions, and volatile energy
prices continue to pose risks. However, our diversified portfolio, strong customer
relationships, and focus on high-value, high- margin products position us well to weather
these challenges.
In conclusion, Anupam Rasayan stands at the forefront of a rapidly evolving chemical
industry. Our commitment to sustainability, coupled with our innovative spirit and
strategic growth initiatives, forms the bedrock of our future success.
We are not just participants in the industry's transformation; we are active shapers of
its future. I would like to express my heartfelt gratitude to our employees, whose
dedication and expertise drive our success. My sincere thanks also go to our customers,
partners, and shareholders for their continued trust and support. Together, we are
building a more sustainable, innovative, and prosperous future for Anupam Rasayan and the
global chemical industry.
Thank you for your unwavering faith in our vision and capabilities.
Yours sincerely,
Dr. Kiran C Patel
Chairman and Non-Executive Director