Fine Organic Industries Ltd. Company History and Annual Growth Details

Late Ramesh Maganlal Shah and Prakash Damodar Kamat founded ‘Fine Organic Industries’ in early 1970 at Mumbai, which was registered in 1973 as a partnership firm under the Indian Partnership Act, 1932. It commissioned its first facility in Dombivli MIDC Industrial Area in 1973, i.e. the Dombivli Facility which carried out processing and supply of food additives in Gujarat and Maharashtra. In 1975, Mukesh Maganlal Shah joined the partnership firm and expanded the business across India. Thereafter, in 1982, then existing partners incorporated a private limited company at Mumbai under the name of ‘Smoothex Chemicals Private Limited’ for further expansion of the business. In 1988, the partnership firm had set up a production facility of various specialty additives i.e. the Second Ambernath Facility. Subsequently, Smoothex Chemicals expanded the production facilities in Malaysia and Thailand in 1990 and 1993, respectively. Further, the then existing partners founded another partnership firm in the name of ‘Olefine Organics’ for enhancing the capacity in order to meet the market demands. In 1995, the then existing promoters incorporated another private limited company under the name of Oleofine Organics (India) Private Limited for expanding the capacity for polymer additives.

2005

- Research and development centre was established in Mahape, Navi Mumbai

2006

- Fatty acid esters facility was commissioned in First Ambernath Facility

2008

- Polymer additives facility was commissioned in First Ambernath Facility

2010

- Polymer additives capacity was expanded in First Ambernath Facility

2011

- Amalgamation of Oleofine Organics (India) Pvt Ltd with the Company

2012

- Additional food and polymer additives facility was commissioned in First Ambernath Facility

2014

- Joint venture was signed with Zeelandia International, a Netherlands based bakery premix manufacturer

2015

- Additional food and polymer additives capacity was commissioned in First Ambernath Facility

2017

- Amalgamation of Fine Research and Development Centre Private Limited and Fine Speciality Surfactants Private Limited with the Company

2017

- Sub-leasing of the facility and general plant and machinery at Dombivli, MIDC from Fine Organic Industries partnership firm to the Company

2018

- Joint venture agreement was signed with Adcotec, a German company for application, development, marketing, distribution and sales activities of food and food additives

Awards and Accreditations in last five years

2013-2016 

- Awarded meritorious performance in industrial safety by the National Safety Council, Maharashtra Chapter

2015

- ISO 9001:2015 Quality management system certification for manufacture and supply of speciality chemicals for food, polymer, textile, metal, cosmetic, pharmaceutical, paints and other allied industries by BSI Assurance UK Limited

2016

- FSSC 22000 Food safety system certification for processing and bulk packing of food additives and fatty acid esters category K by BSI Assurance UK Limited

2017

- GMP+ process certification for feed safety assurance in the First Ambernath Facility by Control Union Certifications

2024

-The Company Received USDA Certified Biobased Product Labels for its range of BioPlastics Additives.