Harmony Organics Pvt Ltd

Harmony Organics Pvt Ltd is a leading manufacturer of Aroma Chemicals, specializing in the Fragrance & Flavor Industries. Their flagship product, Phenyl Ethyl Alcohol (PEA), boasts an impressive 6000 tons per year production capacity, making them the largest manufacturer of PEA in India and the 2nd largest in the world. By Mar 2022, the company aims to increase their production to 8500 tons per year. Additionally, they manufacture Cinnamic Aldehyde, with plans to expand their capacity from 2400 to 3600 tons per year by Mar 2022. The company's 30-year journey began in New Bombay, where they focused on producing aroma and specialty chemicals for the fine chemical industry. They have since expanded, establishing an office in Hadapsar Pune, a burgeoning commercial hub, and acquiring a 6-acre site at Kurkumbh MIDC, strategically located within the chemical hub of Maharashtra and 200 km from Mumbai. Harmony Organics' commitment to quality is evident through their certifications, including Kosher, Halal, and REACH certifications for all relevant products. Their most recent investment, a substantial INR2.25B Convertible Note investment received on 07 August 2023, came from Piramal Enterprises, reinforcing the company's position for growth and innovation in the manufacturing sector.