COMPANY

Incorporation as a private limited company to scale up existing bromine derivatives business

Started operations with Lithium salts and organic bromide at Mahape

Increased in capacity from 1,600 litres to 6,000 litres at Mahape

Converted to public limited company

Set up of dedicated R&D Division

• Started manufacturing specialty Bromine compounds for advanced intermediates
• Increased reactor capacity of Mahape facility from 6,000 litres to 20,000 litres

Increased reactor capacity at Mahape to 30,000 litres

Further increased reactor capacity at Mahape to 45,000 litres

Acquired land in Dahej SEZ

• Achieved turnover of ₹100 crore
• Acquired manufacturing operations along with 39.6 acres of land from Solaris Chemtech Limited at Karakhadi, Vadodara

Commenced manufacturing operations at Vadodara Facility

Raised Rs. 132 crore through initial public offering (IPO) and Offer for Sale

Increased the capacity for inorganic chemicals from 1,200 MT to 2,400 MT through Greenfield expansion at Dahej, Gujarat

Phase I & II expansion completed: Increased Organic Chemicals reactor capacity from 154,000 litres to 407,000 litres through Greenfield and brownfield expansions across facilities. Raised Rs. 225 crore through allotment of equity shares on preferential basis.

• Neogen Ionics Ltd. completes land acquisition in Pakhajan, Dahej PCPIR,Gujarat to establish a world-class state-of-the-art Battery Materials facility at a Greenfield site admeasuring approximately 65 acres.
• Formed a wholly owned subsidiary of Neogen Chemicals namely Neogen Ionics Limited to house Battery Chemicals Business in March 2023.
• Acquired 100% stake in BuLi Chem from Livent in May 2023 to offer organolithium products to Pharma and Agrochemical Industries.
• Signed agreement with MU Ionic Solutions Corporation, Japan in April 2023 to acquire manufacturing technology license for electrolytes in India.