Fine Organic Industries is a versatile entity involved in the manufacturing, processing, supplying, distributing, dealing, importing, and exporting of a broad spectrum of oleochemical-based additives utilized across various sectors such as food, plastics, cosmetics, coatings, and other specialty applications. Founded in 1970 as a partnership between the late Shri Ramesh Shah and Shri Prakash Kamat, the company initiated its journey by inaugurating its initial food additives facility in Dombivli and later expanded with a second facility in Ambernath.
Between 2001 and 2005, Fine Organics embarked on further expansion, establishing a new facility in Badlapur, formalizing its identity as Fine Organic Industries (Mumbai) Pvt. Ltd., and making significant strides in the global market. Concurrently, it bolstered the capacity of the Badlapur facility and established an R&D hub in Navi Mumbai.
The years from 2006 to 2015 saw continued operational expansion, with the commissioning of sizable manufacturing facilities in Ambernath and phased capacity enhancements. Notably, the company entered into a joint venture with Zeelandia International, a bakery premix manufacturer based in the Netherlands.
Between 2016 and 2021, Fine Organic Industries undertook strategic moves, amalgamating Fine Research and Development Centre Pvt. Ltd. and Fine Speciality Surfactants Pvt. Ltd. It also transitioned to a publicly listed entity, trading on both the NSE and BSE, and introduced new production plants in Ambernath and Patalganga.
Business Segments:
Fine Organic Industries primarily operates in the specialty chemicals sector, generating 100% of its revenue from this segment in FY 2023. Its product range encompasses Fine Food Ingredients, Fine Polymer Additives, Personal Care Additives, Feed Ingredients, among others.
Subsidiaries:
Fine Organics (USA), Inc. serves as a wholly-owned subsidiary, focusing on business operations within the United States. Similarly, Fine Organics Europe BV, another wholly-owned subsidiary, oversees European operations, with its headquarters situated in Belgium.
Key Personnel:
Mukesh Shah, serving as Chairman and Managing Director, has been instrumental in the company's journey since joining in 1973. His contributions include establishing robust quality control measures and spearheading global sales and marketing initiatives. He holds a bachelor’s degree in Science.
Corporate Actions:
The company has not engaged in bonus issues, stock splits, or other corporate actions historically.
Management Outlook:
Fine Organic Industries anticipates a surge in demand for packaged food and beverages worldwide, driven by evolving dietary patterns and lifestyles. Furthermore, there is a growing need for food processing additives to enhance nutritional content and quality. Similarly, the personal care segment is poised for growth, fueled by increasing demand for skincare and haircare products, heightened consumer awareness, and a focus on enhancing textural properties in personal care and cosmetics.
Between 2001 and 2005, Fine Organics embarked on further expansion, establishing a new facility in Badlapur, formalizing its identity as Fine Organic Industries (Mumbai) Pvt. Ltd., and making significant strides in the global market. Concurrently, it bolstered the capacity of the Badlapur facility and established an R&D hub in Navi Mumbai.
The years from 2006 to 2015 saw continued operational expansion, with the commissioning of sizable manufacturing facilities in Ambernath and phased capacity enhancements. Notably, the company entered into a joint venture with Zeelandia International, a bakery premix manufacturer based in the Netherlands.
Between 2016 and 2021, Fine Organic Industries undertook strategic moves, amalgamating Fine Research and Development Centre Pvt. Ltd. and Fine Speciality Surfactants Pvt. Ltd. It also transitioned to a publicly listed entity, trading on both the NSE and BSE, and introduced new production plants in Ambernath and Patalganga.
Business Segments:
Fine Organic Industries primarily operates in the specialty chemicals sector, generating 100% of its revenue from this segment in FY 2023. Its product range encompasses Fine Food Ingredients, Fine Polymer Additives, Personal Care Additives, Feed Ingredients, among others.
Subsidiaries:
Fine Organics (USA), Inc. serves as a wholly-owned subsidiary, focusing on business operations within the United States. Similarly, Fine Organics Europe BV, another wholly-owned subsidiary, oversees European operations, with its headquarters situated in Belgium.
Key Personnel:
Mukesh Shah, serving as Chairman and Managing Director, has been instrumental in the company's journey since joining in 1973. His contributions include establishing robust quality control measures and spearheading global sales and marketing initiatives. He holds a bachelor’s degree in Science.
Corporate Actions:
The company has not engaged in bonus issues, stock splits, or other corporate actions historically.
Management Outlook:
Fine Organic Industries anticipates a surge in demand for packaged food and beverages worldwide, driven by evolving dietary patterns and lifestyles. Furthermore, there is a growing need for food processing additives to enhance nutritional content and quality. Similarly, the personal care segment is poised for growth, fueled by increasing demand for skincare and haircare products, heightened consumer awareness, and a focus on enhancing textural properties in personal care and cosmetics.
