Chemcon Speciality Chemicals Ltd. Company History and Annual Growth Details

The Company was originally incorporated as Gujarat Quinone Private Limited at Vadodara, Gujarat, India, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 15, 1988 issued by the RoC. the Promoters and Promoter Group completed the acquisition of 100% of the Equity Share capital of the Company in 2004 from the shareholders of the Company at the time.

Chemcon Engineers Private Limited” (“CEPL”) was incorporated at Vadodara, Gujarat, India as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 30, 1996 issued by the RoC. CEPL, a company largely owned and promoted by the Promoters and Promoter Group, merged into the  Company pursuant to an order of the High Court of Gujarat dated May 6, 2004 approving the Scheme of Amalgamation between CEPL and the Company. Thereafter, to reflect the nature of activities of the Company consequent to the Scheme of Amalgamation, the name of the Company was changed to “Chemcon Speciality Chemicals Private Limited” pursuant to the approval of the Shareholders at an extra-ordinary general meeting held on July 24, 2004 and the fresh certificate of incorporation on change of name issued by the RoC on July 27, 200 4.

Subsequently, the Company was converted into a public limited company pursuant to the approval of the  Shareholders at an extra-ordinary general meeting held on November 28, 2018. Consequently, the name of the  Company was changed to “Chemcon Speciality Chemicals Limited” and a Fresh certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on April 10, 2019.

Major events and milestones:

2005

- Amalgamation of CEPL into the Company, pursuant to the scheme of amalgamation of Chemcon Engineers Private Limited with Gujarat Quinone Private Limited

- First export shipment of HMDS

2014

- First sale of CMIC

2015

- First sale of Calcium Bromide (Solution)

2016

- First sale of Zinc Bromide (Solution)

2017

- First sale of Calcium Bromide (Powder)

- First sale of Sodium Bromide Solution

2018

- Increase in annual installed production capacity for (i) CMIC (from 600 MT per annum to 1,200 MT per annum) and (ii) Oilwell Completion Chemicals (from 7,200 MT per annum to 14,400 MT per annum)

2019

- Increase in the annual installed production capacity for CMIC (from 1,200 MT per annum to 1,800 MT per annum)

- The Company was assigned a “4A3” rating by Dun & Bradstreet Information Services India Private Limited

2020

- Increase in the annual installed production capacity for HMDS (from 1,800 MT per annum to 4,200 MT per annum)

2021

- First sale of 4CBC