Our specialty and performance chemical business vertical - Indofil Innovative Solutions has put on a splendid performance in the year gone by. This business was perhaps the most affected by the after-effects of demonetization. But the team managed to create new opportunities out of this challenge and ended the year by managing to scale all the targets that were set.
All these efforts have ensured that Indofil has inched ever closer to a top line of 2000 crores.
The year also witnessed the completion of our new plant project in GIDC Dahej, Gujarat. The new unit is built with state-of-the-art technology and all new modern facilities. The unit has 2 plants within - one for our EBDC products which will enhance our Mancozeb capacity and the other for our specialty chemical products which will not only enhance the capacity of our existing products, but will also help add new products to our basket.
While we aim to grow our businesses with some steep targets, the ulterior objective has always been to grow with a clear focus on the values that we hold dear.
On the manufacturing front, the focus has been on maintaining the highest EHS standard and improving process efficiencies. Now all our effluent parameters such as BOD, COD, pH, TSS are monitored online. We have also implemented online EHS Management system for incident reporting and investigation, ensuring legal compliances and health monitoring of employees.
On the R&D front, the focus has been on developing cost effective, safe processes for new products that are in the pipeline to be introduced in our facilities at Dahej. Our R&D team is also involved in improving the existing processes and subsequently improving the yield of the products.
Our Growth Office has been fuelling Indofil’s growth (both organic & inorganic) with continuous data mining and analytical support. The team is also functional in planning and coordinating the business plan across divisions in order to make it robust and fruitful.
Some of the key awards won by Indofil during the financial year 2017-18 are as follows:
- "India's Best Companies to Work For - 2017" by Great Place to Work - Ranked 45th
- Great Places to Work Survey - Best in Manufacturing Category
- Promising Brands of the Country for the year 2018 by Economic Times
- The Apex India Environment Excellence Award 2017” under Platinum Category
- Gujarat State Level Quality Circle - State Champions on Quality
- Quality Circle Forum of India - Gold Quality Winners