Prasol Chemicals Ltd

Prasol Chemicals Ltd. was originally incorporated as 'Prachi Poly Products Private Limited' dated January 24, 1992 at Mumbai. The Company name was changed to 'Prachi Poly Products Limited' on January 10, 1995 by the RoC. The name then changed to 'Prasol Chemicals Limited' on March 26, 2007. Later on, the name was changed to Prasol Chemicals Private Limited and consequently, changed again to Prasol Chemicals Limited with effect from February 4, 2022. The Company's operations are out of its plants located at Khopoli and Mahad in the State of Maharashtra. Presently, it deals in the business of Manufacturing and Trading of Speciality Chemicals. The Company is among the leading forward integrated manufacturers of acetone derivatives and phosphorous derivatives in India. Several acetone and phosphorus derivatives are included in their product portfolio, which are used in synthesis of agrochemical active ingredients (technicals) and formulations. In 1996, the Company had diversified into phosphorus-based products for agrochemicals and performance chemicals. In 2003, it founded organic based technology platform for Agrochemicals, Performance chemicals, and entered into Home & Personal Care segment. In 2007, it ventured into pharmaceutical segment with phosphorus-based products. The Company launched new acetone derivatives for agro chemicals, home & personal care, pharmaceuticals and performance chemicals in year, 2009. Further, it entered into antioxidants and antiwear industry for lubricants in 2011. In year 2015-17, it acquired land in Saykha Industrial Area, Gujarat and Mahad, Maharashtra on a leave and licence basis. Apart from these, a cogeneration power plant was established in Khopoli in 2019. In 2020, it expanded global global footprint to 45 countries and commissioned new business site at Mahad for agrochemicals intermediates. The Company is planning to raise capital from Public by raising Rs. 250 crore Equity Shares through Fresh Issue and 9,00,000 Equity Shares through Offer for Sale.