In June 2017, Ramesh Damani bought 99,000 shares of Vadivarhe Speciality for ₹89 lakhs, or ₹90 per share.
Vadivarhe Speciality Chemicals Ltd (VSCL), established in 2009, is a manufacturer of Organic Chemicals with a core focus on intermediates, personal care products, speciality chemicals and APIs.
VSCL is ISO 9001:2015 certified company by Quality Systems Zurich. It has also received WHO-GMP Certificate for its manufacturing, marketing & supply of API’s and intermediates. The manufacturing facility is located at Vadivarhe, Nashik.
VSCL entered into an agreement with Enaltec Labs in 2012 to manufacture API products for them for a period of 10 years based on the material and specification provided by them.
Some of its major clients are GSK Pharma, Fine Organics UK, Chem-Impex International, D C Fine Chemicals, USV, Lupin, Mankind Pharma, Himedia Laboratories, Hetero Labs & many others.
VSCL is a supplier of personal care ingredients to Fem Care Pharma and other market leaders.
Mr. Sunil Haripant Pophale is the promoter of VSCL.
Mr. Sunil has 36 years of experience in brand building and manufacturing of personal care products. He holds a B.Tech from IIT, Mumbai.
Fem Care Pharma was promoted by Mr. Sunil which was later taken over by Dabur in 2009.
Mr. Sunil sold Fem Care Pharma to Dabur, and speciality chemical division of Fem Care Pharma was transferred to VSCL.
– API’s and speciality chemical industry is highly competitive
– VSCL derives 90% of its revenue from top 5 clients
– VSCL is highly dependent upon the growth of the chemical and pharma industry