PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

02 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) 1982 Incorporation of Privi Organics Ltd. 1992 Commenced production at Unit 1 at Mahad, Maharashtra 1997 Commenced exports 2002 Achieved Export House Status ABOUT US Privi Speciality Chemicals Limited (formerly known as Fairchem Speciality Limited) is India’s leading manufacturer, supplier, and exporter of aroma and fragrance chemicals and a globally trusted partner and supplier of bulk aroma chemicals. From a humble manufacturer of aroma chemicals in 1992 with only two products, we have steadily expanded to a range over 50 products today with a production capacity of 32,500 tons per annum. Our in-house, fully equipped synthetic R&D center facilitates production of customized products as per customer requirements. Our manufacturing infrastructure includes two state-of-the-art manufacturing units at Mahad in Maharashtra and Jhagadia in Gujarat with knowledge and expertise to perform critical processes and applications. We are recognized as one of the preferred suppliers in terms of product quality, competitive pricing, regulatory compliance, and timely delivery to customers around the globe and has been a partner of choice for customers like Givaudan, Firmenich, Symrise, IFF, Takasago, Mane, P & G, Henkel, Reckitt Benckiser, among others. We cater to the world’s 10 largest and leading fragrance companies and have a significant presence in Europe and the United States (US). Our Journey 2000 Expanded production capacity at Unit 2 at Mahad 2004 Established modern R&D plant at Mahad (ISO 9001:2000 certified) 2007 Set up headquarter at Navi Mumbai. Infusion of Private Equity Capital. 2008 Expanded Dihydromyrcenol capacity from 1,800 MT to 3,300 MT. Set up state-of-the-art Biotechnology Lab at Knowledge Centre, Navi Mumbai. Pre-registration of products with REACH. 2011 Received ISO 18001:2007 certification from Bureau Veritas. Achieved a turnover of USD 80 Million. 2010 Expanded Amber Fleur capacity from 2,000 MT to 2,700 MT. Set up Grignard Plant GTO distillation plant for backward integration to produce terpene based Derivatives. 2013 Commissioned CST Plant at Mahad Incorporated Privi Organics USA Corp. in New Jersey, USA. 2014 Entered into long-term contracts with major global customers. Acquired Jhagadia Plant and initiated commercial production. 2017 Scheme of arrangement entered between Fairchem Speciality Ltd., Adi Aromatic Ltd., and Privi Organics Ltd. approved by NCLT. Demerger of aroma chemicals business of Privi Organics Ltd. and transfer to Adi Aromatics Ltd. Name of Adi Aromatics changed to Privi Organics India Ltd. (100% subsidiary of Fairchem Speciality Ltd.) 2020 Composite Scheme of Arrangement & Amalgamation (“Scheme) entered into amongst Fairchem Speciality Limited (“FSL”), Fairchem Organics Limited (FOL) and Privi Organics India Limited (“POIL”) and their respective shareholders as approved by the National Company Law Tribunal on June 30, 2020, POIL has amalgamated into FSL and the business of FSL has been transferred to FOL. The name of FSL has subsequently been changed to Privi Speciality Chemicals Limited (“PSCL”) vide fresh Certificate of Incorporation dated August 17, 2020 issued by the Ministry of Corporate Affairs, Government of India. 2005 Achieved turnover of over USD 24 Million