Vinati Organics Limited (VOL) (BSE: 524200), has been included in Forbes Asia’s 200 Best Under A Billion in 2010 (the “List”). The List is an annual compilation of the Asia’s 200 best public-listed corporations with revenue under US$1 billion.
It’s also noteworthy that only 9 chemical companies are featured in the List and VOL is one of them. In all 39 companies from India made the cut.
Forbes’ screening process began with 12,930 Asia-Pacific companies with actively traded shares and sales between $5 million and $1 billion. Of these, 670 companies passed their criteria for profitability, growth, modest indebtedness and future prospects. Selection of the final 200 with entrepreneurial characteristics was based on earnings growth, sales growth and shareholders’ return on equity in the past 12 months and over three years.
About Vinati Organics
Incorporated in the year 1989, VOL is into the manufacturing of specialty organic chemicals. It’s the world's largest manufacturer of Isobutyl Benzene (IBB) and the 2nd largest manufacturer of 2 Acrylamido 2 Methyl Propane Sulfonic Acid (ATBS). Its manufacturing facilities are situated in Mahad and Lote, Maharashtra. IBB is used as basic raw material for manufacturing Ibuprofen, an anti-inflammatory analgesic bulk drug. IBB is also used in perfumery industries. ATBS is used in oil–field recovery, water treatment, acrylic fiber, adhesives, and personal care products, as well as in mining industry, coatings, as dispersing and flocculating agent. It exports more than 75% of its production across USA, Europe, Asia, Middle East and China and has been the preferred source for some of the largest chemical manufacturing companies in the world.
VOL is listed on the Bombay Stock Exchange and National Stock Exchange. It had a Net Sales of 23176 Lacs for FY10.
