-- Aarti Industries Limited, a leading manufacturer and exporter of Chemicals and Pharmaceuticals, said Mr. Rajendra V. Gogri has been elevated to the post of Chairman and Managing Director (CMD) of the Company.
Mr. Rajendra V. Gogri was holding the office of Vice Chairman and Managing Director and has been appointed as CMD in line with succession plan earlier approved by the Company.
He holds a Masters Degree in Chemical Engineering from USA and is a Rank Holder in Bachelor of Chemical Engineering from UDCT. He has been with the Company since its inception and was later on appointed as Managing Director in 1993 and Vice Chairman & Managing Director in 2003. He has worked shoulder to shoulder with Mr. Chandrakant V. Gogri to help the Company achieve its present height and stature. He is a key reason for development of export of the Company and has been handling the portfolios of marketing, purchase and other commercial matters.
Mr. Rajendra V. Gogri is succeeding Mr. Chandrakant V. Gogri, who retired as Chairman. On request of the Board Mr. Chandrakant Gogri has accepted the post of Chairman Emeritus for his invaluable guidance and support.
Mr. Rashesh C. Gogri, Whole-time Director, has been appointed as the Vice Chairman & Managing Director of the Company. He has been an Executive Director with the Company for more than 18 years and has handled various Strategic business units of the Company.He is an Industrial Engineer and holds diploma in Business Management and has been playing the crucial role in Pharma operations of the Company which have turned around during the year 2011-12 with expectation of better opportunities for growth. Under his supervision, the Company has successfully implemented SAP and has taken significant steps in automation of various internal MIS & administration related processes.
Mr. Renil R. Gogri has been appointed as Whole-Time Director of the Company. Mr. Renil R. Gogri is a B.Tech (Mech) from IIT, Mumbai, 2008. He has worked as a Whole-time Director with an Associate Company viz. Anushakti Chemicals and Drugs Limited, since April, 2010 and has been appointed as Whole-time Director of the Company from 16th August 2012. He has worked with Deutsche Bank prior to joining the Company. He handles the portfolios of Systems Developments/Improvements in Operations, Adoption of IT Advancements into Operations and Project Execution.
The changes in the constitution of the Board of Directors of the Company came in effect from 16th August, 2012.
Notes to Editor
Aarti Industries Ltd (http://www.aartigroup.com), incorporated in the year 1984 and listed on stock exchanges in 1992, is a well known name in the field of Chemical Industry and is a leading supplier to global manufacturers of Dyes, Pigments, Agrochemicals, Pharmaceuticals & rubber chemicals.
Aarti Industries Ltd (AIL) is also a leading domestic player in nitrochlorobenzene (NCB) based specialty chemical business with the largest domestic manufacturing capacity of 60,000 tonnes per annum. The Company offers over 150 products and is the market leader in more than 75% of its top 50 products. AIL has 16 manufacturing units spread across Gujarat, Maharashtra, Madhya Pradesh and Silvassa.
AIL is among the largest producers of benzene based basic and intermediaries in India. It is also among the largest integrated manufacturers of dimethyl sulphate (DMS), an organic specialty chemical which uses methanol and sulphur as feedstock
AIL has a diversified end-user base for its products with application into end-user industries such as dyes, pigments, FMCG, agrochemicals, pharmaceuticals, polymers etc. It has wide customer base of over 1,000 customers spread over 60 countries across the globe with major presence in USA, Europe, Japan and India.
For the financial year ended March 31, 2012, Aarti Industries Ltd's consolidated Net Profit increased to Rs 103.26 crore, up 26.71%, as against Rs 81.49 crore for the financial year ended March 31, 2011. Consolidated Total income for the financial year 2011-12 stood at Rs 1,673.31 crore, registering a growth of 15.16%, as compared to Rs 1,453 crore of 2010-11. Out of which export stood at Rs 726.73 crore for the financial year 2011-12 against Rs 582.43 crore for FY 2010-11.
