About Fine Organic Industries Limited

Fine Organic Industries Limited is a pioneer in oleochemical-based specialty additives with over 50 years of experience since its foundation as a partnership in 1970 and subsequent incorporation on May 24, 2002 as a public company with Indian roots and global reach. The company manufactures plant-based, green additives for foods, polymers, cosmetics, coatings, lubes, feed nutrition, and other specialty applications, with a portfolio exceeding 600 products and seven manufacturing facilities across Ambernath, Badlapur, Dombivli and Patalganga in Maharashtra, plus one R&D facility and six Zero-Liquid-Discharge plants. Operating in 80 countries through 890 direct customers and 240 distributors, it reached 5,400 customers with a domestic and export revenue mix of 43% and 57% in FY 2024-25, respectively, and plants operating near full capacity during the year. Subsidiaries include Fine Organics USA, Inc., Fine Organics Europe BV, and Fine Organic Industries SEZ Private Limited; joint ventures include Fine Zeelandia Private Limited (India) and Fine Organic Industries Thailand Co., Ltd., with the U.S. subsidiary designated a material subsidiary; the group also initiated Fine Organics Americas LLC in the USA for manufacturing expansion. 

Key milestones include commissioning of multiple plants, IPO and listings in 2018, lease signing for JNPA SEZ land, commissioning the Thailand JV, and recent certifications under the USDA BioPreferred Program, underscoring a long arc of innovation and sustainable chemistry leadership.

Fine Organic Industries Limited Business Segment

• Food ingredients: Emulsifiers, anti-fungal agents, anti-crystallisers, and texture/shelf-life improvers for bakery, confectionery, dairy, oils and fats, and beverages, addressing rising packaged and convenience foods demand.

• Polymer additives: Slip, anti-block, anti-fog, anti-static, processing aids, dispersants, and mold release solutions for films, caps, wires, bioplastics, automotive, furniture, and engineering plastics, aligned with recycling and green polymer trends.

• Personal care ingredients: Emollients, emulsifiers, green surfactants, and dispersants as base ingredients in skincare, haircare, baby care, men’s care, and cosmeceuticals, catering to growth beyond metros.

• Feed ingredients: Natural alternatives to antibiotics, moisture optimisers, palatability improvers, and immunomodulators for poultry, cattle, aquaculture, and pets, supporting safe nutrition.

• Specialty additives: Dispersing, wetting, anti-mar, slip, friction modifiers, anti-corrosion, and anti-settling agents for coatings, lubricants, specialty papers, and industrial uses, benefitting from infra and automotive growth.

• Domestic vs. international split (FY 2024-25):
  • India — Rs 981.74 crore (43.0%)

  • International — Rs 1,300.41 crore (57.0%)

Fine Organic Industries Limited Key Management

• Mukesh Shah — Chairman.

• Jayen Shah — Managing Director.

• Tushar Shah — CEO & Executive Director.

• Sonali Bhadani — CFO.

• Pooja Lohor — Company Secretary and Compliance Officer.

Latest Updates on Fine Organic Industries Limited

• Environmental Clearance received on April 3, 2025 from MoEFCC for the greenfield project at JNPA SEZ, Mumbai, advancing export-oriented capacity expansion under the SEZ subsidiary.

• Acquisition of approximately 30-acre site at JNPA SEZ and active development of an international-focused manufacturing hub near JNPT for logistics advantages and scalable operations.

• Establishment of Fine Organics Americas LLC and acquisition of approximately 159.92 acres in Union County, South Carolina, USA, to develop a full-fledged manufacturing facility serving the Americas.

• Process initiated to set up a subsidiary in the UAE to enhance GCC commercial presence and supply chain efficiency.

• Commencement of trial production at the Thailand joint venture for a technically advanced product, reinforcing regional manufacturing.

• Certification achieved under the USDA BioPreferred Program, affirming bio-based product leadership and sustainability credentials.

New R&D pilot plant in Dombivli fully operational, accelerating large-batch trials and commercialization.