Background & Operations:
Clean Science and Technology Limited (CSTL) is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive. This has enabled to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021. Its continued focus on product identification, process innovation, catalyst development, significant scale of operations as well as its measures towards strategic backward integration has all contributed to the success as one of the fastest growing and among the most profitable specialty chemical companies globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (i.e. MEHQ, BHA and AP), Pharmaceutical Intermediates (i.e. Guaiacol and DCC), and FMCG Chemicals (i.e. 4-MAP and Anisole).
CSTL's specialty chemicals have a wide range of applications that cater to a diverse base of customers across industries. Its customers include manufacturers and distributors in India as well as other regulated international markets including China, Europe, the United States of America, Taiwan, Korea, and Japan. In Fiscal 2021, revenue from operations for sales outside India represented 67.86% of its total revenue from operations, respectively. Products are used as key starting level materials, as inhibitors, or as additives, by customers, for products sold in regulated markets. Key customers include Bayer AG, SRF Limited, Gennex Laboratories Limited, Nutriad International NV and Vinati Organics Limited. Its customer relationships have been strengthened over a long period, based on its ability to consistently deliver quality products at competitive prices. Some of its customers have also been associated with it for over 10 years as of May 31, 2021.
The Company two certified production facilities in India strategically located at Kurkumbh (Maharashtra), in close proximity to the JNPT port from where it exports majority of its product. Its facilities have dedicated production lines for its products, with a combined installed capacity of 29,900 MTPA as of March 31, 2021, and capacity utilization rates of 71.94% for Fiscal 2021. Also it has recently set-up a unit at the third facility adjacent to its existing facilities at Kurkumbh (Maharashtra), and has recently been allotted land for the construction of a fourth facility at Kurkumbh (Maharashtra). It has grown organically, and its revenues and profitability have consistently increased, to emerge as one of the most profitable specialty chemical companies globally.