Managing Director's Message
The secret of change is to focus all of your energy not on fighting the old, but on
building the new.
Dear Stakeholders,
As we reflect on the financial year 2024-25,
I am pleased to share with you the progress and achievements of Galaxy Surfactants
Limited. Progress takes many forms - but the most resilient kind is built on reinforced
foundations, even as the terrain shifts beneath. That's the kind of year Galaxy has
experienced. Through a concerted effort to strengthen our core competencies and
proactively prepare for future growth, we've made meaningful strides toward realising our
enduring vision. This year, we have worked on strengthening our foundations while also
preparing ourselves for the opportunities ahead, always keeping our long-term vision in
sight. Our journey is guided by our core values and strategic pillars, which have enabled
us to navigate through challenges and seize opportunities.
Vision 2030
Galaxy Vision 2030 is our strategic ambition to become the global leader in performance
surfactants and specialty chemicals for the Home & Personal Care and Beauty &
Wellness industries.
We aim to delight customers, be the partner of choice, and lead in sustainability. Our
commitment to long-term value is driven by innovation, operational excellence, and
empowered people. Through this vision, we are shaping a future defined by responsible
growth and industry leadership.
Strategic Initiatives
1. Value Creation through Continuous Product Innovations
Our commitment to innovation has been a cornerstone of our success. We continued
investing in innovation, commissioning our product development plant and expanding R&D
capacity, accelerating our ability to commercialise ideas and deliver relevant,
high-performing solutions. Our innovation funnel continues to drive consistent product
development and market readiness. We have 111 approved patents and 32 applied patents,
with 6 patents granted in FY25 alone.
2. Building People Powerhouse
Our people are our greatest assets, and we are focussed on creating a workforce that is
equipped to drive our future growth. Through focussed learning programmes and a culture
that fosters curiosity, collaboration, and continuous growth, we are enabling our teams to
lead with confidence. One testament to this is our recent EPC (Engineering, Procurement,
and Construction) contract from a major customer, which underscores our ability to deliver
high-quality solutions.
3. Building a Digital Backbone
We are committed to leveraging digital technologies to enhance our operational
efficiency and customer engagement. Our digital transformation initiatives include the
implementation of advanced analytics, automation, and data-driven decisionmaking tools.
These efforts are aimed at improving our supply chain management, optimising production
processes, and enhancing customer service. By building a robust digital backbone, we are
better positioned to navigate the complexities of the global market and deliver value to
our stakeholders.
4. Strategic Geographic Expansion
Our strategic geographic expansion is a key driver of our growth. We have a global
footprint with manufacturing facilities in India, the USA and Egypt. Our state-of-the-art
manufacturing facilities in Maharashtra, Gujarat, Egypt and USA, provide us with a
competitive edge in addressing both domestic and international markets.
As we progress ahead with a vision of global expansion, we have set up 2 new
wholly-owned subsidiaries in Mexico and 1 in Europe. Our global footprint has been - and
will continue to be - a strategic advantage, particularly during periods of uncertainty
driven by trade tariff wars and geopolitical tensions. Our ability to operate across
multiple regions allows us to mitigate risks and capitalise on emerging opportunities,
ensuring sustained growth and stability.
Business Performance Highlights of FY25
India
FY25 was a challenging year for the Indian market, which remained largely flat with a
slight decline in volumes. The first half showed stable performance, but the second half
experienced a dip, primarily due to a muted festive season that fell short of
expectations. Additionally, raw material prices almost doubled during the year, leading to
increased cost pressures that impacted consumer demand.
AMET
The AMET region (Africa, Middle East, and Turkey) region also saw a relatively flat
performance with a marginal decline in volumes. The first half of the year was affected by
ongoing supply chain disruptions, which hindered market activity. However, these
challenges began to ease in the second half, allowing for a gradual recovery and
stabilisation across key markets in the region.
ROW
The Rest of the World (ROW) market was the standout performer in FY25, delivering
robust double digit volume growth. This strong performance was fuelled by sustained demand
for masstige and prestige specialty products across the Americas, Europe, and APAC.
Looking ahead to FY26, we remain committed to driving growth with focus on our
specialty portfolio, leveraging innovation and customer-centric solutions. We strongly
believe that growth will be powered by defending and expanding leadership in India and
AMET, winning in the Americas, and accelerating our Specialty portfolio in Europe through
recent subsidiary setups.
Awards & Recognitions in FY25
1. Best Ingredient Silver Award - Functional Category, Innovation Zone at in-cosmetics
Global
Awarded for Galguard? Prebiotive, this recognition celebrates our commitment to
cutting-edge, sustainable innovation in personal care ingredients.
2. Best Supply Chain, Logistics, and Distribution Company of the Year
This award acknowledges our strategic, customer-centric approach to building a
resilient and efficient supply chain ecosystem.
3. Top 10 in the Chemical Sector - India's Top 30 Supply Chain Champions
Recognised by the Institute of Supply Chain Management, this honour highlights our
excellence in planning, risk management, and sustainable supply chain practices across the
chemical industry.
4. Great Place to Work Certified & Ranked Among Top 5 Companies to Work for in the
Chemical Industry. This recognition reflects our strong, inclusive workplace culture - one
that empowers people, fosters innovation, and drives long-term success.
With great satisfaction, humility, and a deep sense of gratitude, we accept these
honours as a reflection of Galaxy's capabilities across diverse domains. These accolades
are not just awards, they are affirmations of our purpose-driven journey, our people-first
philosophy, and our relentless pursuit of excellence. They inspire us to continue building
a future- ready organisation that thrives on innovation, resilience, and shared success.
Sustainability, Safety and CSR
As we continue to grow and innovate, our responsibility towards the planet, our people,
and the communities becomes even more profound. FY25 marked another significant chapter in
Galaxy's sustainability journey - one that is deeply rooted in purpose and guided by our
Mission 2030.
This mission is built on five key pillars
Climate Change - Aligning with the 1.5?C reduction pathway by increasing
renewable energy use - target of achieving 75% renewable energy use by 2030
Circular Economy - Designing waste out of our value chains through yield
improvement and waste mapping
Water Stewardship - Becoming water positive by 2 times by 2030
Diversity & Inclusion - Building a diverse, empowered workforce
Green Supply Chain - Achieving 100% traceability of palm oil to the mill level
In FY25, with great satisfaction I am pleased to inform that Galaxy made measurable
progress across these pillars:
Avoided 10,376.95 tCO2e emissions through a 27.76% increase in hybrid
(solar and wind) power consumption in India, constituting 20% of group-level energy use
Achieved greater than 1.4 times water positivity at the corporate level, with
1,18,079 m3 of water recycled and 12,682 m3 harvested through rainwater
initiatives
Procured 25,555 MT of RSPO MB certified raw materials, avoiding 48,299 tCO2e
emissions at the group level
Reached over 99.6% traceability of palm oil to the mill level
Achieved waste circularity of 77% at the group level and 96% at standalone level
These milestones are not just numbers - they reflect our deep- rooted commitment to
creating a sustainable and inclusive future. With humility and gratitude, we acknowledge
the collective effort of our teams, partners, and stakeholders in making this progress
possible.
Safety
Our journey is guided by an unwavering commitment to safety and sustainability. This
year, we continued to embed "Safety First" as a core value across all
operations. Our people remain our greatest strength, and ensuring their well-being is
central to everything we do.
I am pleased to inform you that our journey under Mission Shunya - Galaxy's flagship
initiative aimed at achieving zero harm to people, assets, and the environment - continues
to deliver remarkable progress. In the FY25 mid-assessment, we recorded significant
improvements across CCPS (Centre for Chemical Process Safety) elements, with zero
lost-time incidents at our Indian manufacturing site. This milestone reflects our
deep-rooted commitment to safety and operational excellence. With over 61,000 training
man-hours and our active participation at the 8th CCPS Global Safety
Conference, we reaffirmed the importance of a skilled and competent workforce in building
a disciplined safety culture. Our sites at Tarapur, Taloja, Jhagadia, and Egypt have each
contributed through targeted safety initiatives, automation, and infrastructure
enhancements. Together with our strategic partner DSS+, we remain steadfast in refining
our systems and nurturing a culture of sustainable safety.
As we look ahead, we remain steadfast in our mission - to lead responsibly, act
sustainably, and create long-term value for all.
Inclusive Growth with CSR
In the past year, our CSR initiatives have made a meaningful difference in over
1,06,000 lives across education, healthcare, community development, environmental
sustainability, and women empowerment. Through Gyan Sanjeevani, we enhanced learning
environments for over 22,000 students. Aarogya Vardheeni improved health and hygiene for
nearly 16,000 individuals. Samajeek Utthaan empowered rural communities, increasing farmer
incomes and supporting vulnerable groups. With Paryavaran Suraksha, we planted over 1 lakh
trees and promoted clean energy, benefiting nearly 49,000 people and through Stree Unnati,
we helped over 1,100 women and girls gain skills, confidence, and financial independence.
Behind every number is a story - a child stepping into a renovated classroom with hope,
a mother receiving vital healthcare, a farmer harvesting with pride, a woman discovering
her voice, and a tree standing tall for future generations. These stories are the heart of
our mission. They remind us that CSR is not just about giving back - it's about standing
beside our communities, growing with them, and building a future where progress is shared
by all. Together, we are not just changing lives, we are shaping a more compassionate,
inclusive, and sustainable world.
Driving Smart Manufacturing Through Digital Transformation
At Galaxy, we are accelerating toward a smarter, more agile future through our GIFT
(Galaxy Industry 4.0 Transformation) initiative. With a vision to digitise all factories
by 2030, we are integrating Operational and Information Technologies to enable autonomous,
data-driven operations. Key advancements include eLogbooks, Electronic Batch Manufacturing
Records (E-BMR), and IoT-enabled real-time equipment monitoring. Our Abhayatam Automation
project is enhancing safety and precision through Distributed Control Systems, while
automated batch management and lab systems like LIMS and QMS are boosting consistency and
traceability. These efforts are expected to deliver improved safety, and reduced
operational workload - laying the foundation for a resilient, future-ready manufacturing
ecosystem.
Onwards & Upwards
Our journey is not a sprint but a carefully planned ascent, completely aligned with our
Vision 2030. By forging forward with intention, we are confident in our ability to achieve
extraordinary growth. Our commitment to our core values, the Galaxy 4Cs, and the Galaxy 6
Pillars has enabled us to achieve significant milestones. As we look to the future, we
remain dedicated to our Vision 2030 and are confident in our ability to achieve
extraordinary growth.
Thank you.
K. Natarajan
Managing Director Galaxy Surfactants Limited.