Neogen Chemicals Limited

Neogen Chemicals Limited

Neogen Chemicals Ltd. (NCL) is a leading manufacturer specializing in Bromine and Lithium-based specialty chemicals. With over three decades of expertise, they offer a wide range of chemistries, including Bromination, Grignard, Alkylation, Acylation, Amination, Oxidation, Dehalogenation, Silylation, Halex reaction, Friedel Craft, Couplings, and Chlorination.

Their diverse portfolio includes both organic and inorganic chemicals, serving as critical intermediates in the pharmaceutical, agrochemical, and various other industries. They export to 29 countries, including key markets in Europe, the USA, Middle East, and Japan.

A key highlight of NCL is their custom synthesis and contract manufacturing services, excelling in developing and customizing products to meet specific customer needs. They operate from three state-of-the-art manufacturing facilities in Mahape, Navi Mumbai (Maharashtra), and Dahej SEZ, Bharuch and Karakhadi, Vadodara (Gujarat).

Their acquisition of BuLi Chem in May 2023, including their Hyderabad-based unit, enriched their portfolio with vital organolithium derivatives for the pharmaceutical and agrochemical sectors.

Neogen Ionics Limited, their wholly-owned subsidiary, leads innovation in the battery chemicals business. Their commercial plant in Dahej SEZ is already delivering samples and commercial dispatches. They are advancing with a greenfield project in Pakhajan, Dahej PCPIR, Gujarat, employing cutting-edge technology from MUIS (a Mitsubishi Chemical Corporation and UBE Corporation JV) and NCL’s expertise to produce high-quality lithium-ion battery materials for EVs and energy storage.

NCL continues to innovate, ensuring they remain at the forefront of the specialty chemicals industry in India and globally.

Last Investment: INR397.00M Venture Round investment at 23 April 2019

Last Investment Investors: Sundaram Mutual Fund, SBI Mutual Fund, Axis Mutual Fund, L&T Mutual Fund