From the CMD's Desk
Staying Ahead With Sustainable
Solutions For A Better World
Amidst this dynamic 1
landscape, India emerges as a beacon of growth, standing out as the
fastest-growing major economy.
The country has drawn significant foreign investments and has become a
central player in the
Global South. A
Dear Shareholders,
Chemicals industry in India is highly diversified, encompassing over
80,000 commercial products and is largely deregulated. This sector is projected to add USD
383 billion to India's GDP by 2025. Additionally, government initiatives such as the
Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIRs) have bolstered
manufacturers' confidence in investing in the country.
The specialty chemicals sector accounts for 22% of India's total
chemicals and petrochemicals market. With stricter pollution control regulations and
rising labour costs in other countries, manufacturers are seeking to diversify their
production bases.
As a result, global manufacturers are exploring alternatives, and
India's supportive ecosystem is emerging as an attractive option. This positions the
Indian specialty chemicals market for significant and swift expansion.
Amidst this dynamic landscape, India emerges as a beacon of growth,
standing out as the fastest-growing major economy. The country has drawn significant
foreign investments and has become a central player in the global south. This surge in
economic activity is driven by India's youthful and vibrant population along with its
increasingly business-friendly environment.
With over three decades of experience, Vishnu Chemicals has
continuously evolved by adopting global competencies and expanding capabilities to ensure
our customers keep pace with shifting preferences. We proudly hold the market leader
position in the industry, marked by significant achievements. We are recognised as the
world's leading manufacturer of Chromium and Barium Chemicals in India.
These accomplishments depict our commitment to excellence and our
dedication to delivering high-quality products and services to our customers worldwide.
Our commitment to excellence in the chemistry in which we operate is the driving force for
our innovation and change.
Our newly commissioned Precipitated Barium Sulphate plant represents a
significant step towards achieving our goals. This plant enables us to explore new
applications in the paint and battery industries, thereby enhancing our sales and product
portfolio and saving a huge foreign exchange for our Company as import substitutes.
Additionally, our strategic expansion to acquire the Baryte
Beneficiation company and Ramadas Minerals Private Limited underscores our vision to
produce high-quality materials for our valued customers worldwide. The integration of this
plant with our existing operations will ensure optimal asset utilisation levels, further
strengthening our position in the market. Through continuous upgrades and improvements in
our manufacturing capacity, we have expanded our range of unique specialty chemicals. This
expansion has not only enhanced our competitiveness but also broadened our market reach.
We have made considerable progress towards sustainability, highlighted
by the successful completion of a 4.3 MW solar power project implemented by our Barium
unit. These initiatives are designed to decrease our dependence on traditional energy
sources and reduce our carbon footprint. Additionally, materials previously considered
waste in our production processes are now being repurposed as raw materials for other
industries, marking a significant shift in our Company history.
Our primary focus is on creating solutions that both reduce carbon
emissions and boost operational efficiency. Thus guiding us towards a sustainable and
carbon-neutral future while emphasising our commitment to environmental stewardship and
ethical business practices.
We are preparing ourselves to expand into niche specialty sectors
currently unexplored by any manufacturer in India, aiming to become a complete import
substitute. This year, we plan to invest in research & development to enhance both new
and existing products.
At Vishnu Chemicals, our commitment to innovation, sustainability, and
operational excellence remains undeterred. Our strategic investments are geared towards
driving value creation for all stakeholders while contributing to building a resilient and
prosperous future for generations to come.
In conclusion, I extend my sincere gratitude to our esteemed
stakeholders for their unwavering support and trust in Vishnu Chemicals. As we look ahead
to the future, our dedication remains to cultivate enduring partnerships, deliver value,
and uphold the highest standards of integrity and professionalism. Thank you for being an
integral part of our growth journey, and we eagerly anticipate continued collaboration and
success together.
Warm regards,
Mr. Ch. Krishna Murthy
Chairman and Managing Director