Laxmi Organic Industries Limited

Laxmi Organic Industries Limited, founded in 1989, is a specialty and intermediate chemicals manufacturer with leadership in Acetyl Intermediates and Ketene–Diketene derivatives, serving pharmaceuticals, agrochemicals, inks, coatings, packaging, personal care, and electronics sectors globally. Largest manufacturer of ethyl acetate in India (third globally ex-China) and India’s largest diketene derivatives maker, the Company operates four manufacturing sites across Mahad (Sites I & II), Lote (Site III), and Dahej, Gujarat (Site IV), with international offices in Amsterdam and Shanghai and presence across 55 countries serving 750 customers. As of March 31, 2025, exports contributed 36% of standalone revenue; the Company also completed the merger of its wholly owned subsidiary Yellowstone Fine Chemicals Pvt. Ltd. into the parent to simplify structure and enhance efficiency, and struck off Yellowstone Speciality Chemicals Pvt. Ltd. in June 2024. The Company reported consolidated revenue from operations of Rs 2,985.40 crore, EBITDA of Rs 279.60 crore, and PAT of Rs 113.50 crore in FY 2024–25; standalone revenue from operations was Rs 2,944.61 crore with India revenue at Rs 1,850.94 crore and international at Rs 1,093.66 crore. Key milestones in FY 2024–25 included commissioning a Global Innovation Centre in Navi Mumbai, commercialisation of fluoro-intermediates at Lote, environmental clearance and factory licence for the Dahej synthetic chemicals facility (Amber-2 Phase I underway), and a Letter of Intent with Hitachi Energy to manufacture an eco‑efficient gas for SF6‑free high‑voltage switchgear.

Laxmi Organic Industries Limited Business Segment

• Essentials Segment- 68%

• Speciality Segment- 32%

Revenue by Geography

• India — Rs 1,850.94 crore (62.9%)

• International — Rs 1,093.66 crore (37.1%)

Laxmi Organic Industries Limited Key Management

• Ravi Goenka — Executive Chairman

• Dr. Rajan Venkatesh — Managing Director & CEO

• Harshvardhan Goenka — Executive Director

• Rajeev Goenka — Non‑Executive Director

• Manish Chokhani — Non‑Executive, Non‑Independent Director (w.e.f. July 31, 2024)

• Mahadeo Karnik — Chief Financial Officer (w.e.f. September 3, 2024)

• Aniket B. Hirpara — Company Secretary & Compliance Officer

Latest Updates on Laxmi Organic Industries Limited

• Commissioned Global Innovation Centre, Navi Mumbai, to accelerate innovation via rapid prototyping and scalable experimentation.

• Commercialised fluoro‑intermediates at Lote; the plant began contributing to revenues in FY 2024–25.

• Received Environmental Clearance and factory licences; civil work underway for Dahej Amber‑2 Phase I to double Ketene and Diketene capacity, with revenue expected from FY 2025–26 and full scale-up by FY 2027–28.

• Signed LOI with Hitachi Energy to manufacture eco‑efficient gas supporting SF6‑free high‑voltage switchgear; marks entry into power transmission segment.

• Merged wholly owned subsidiary Yellowstone Fine Chemicals Pvt. Ltd. into the Company effective April 1, 2024 (NCLT order dated February 27, 2025).

• Upgraded credit ratings: Term Loans IND AA/Stable; Fund-based working capital IND AA/Stable/IND A1; Non-fund based IND A1; Commercial Paper IND A1.

• Export footprint: exports at 36% of sales; 3‑year export CAGR 6.06%; network includes Europe and China offices and European tank operations.