Latest news with #AnandDesai
Time of India
4 days ago
- Business
- Time of India
DSK Legal enters UAE with Dubai, ADGM offices to strengthen India–MENA corridor play
DSK Legal is expanding its presence in the India-UAE business corridor by opening offices in Dubai and Abu Dhabi Global Market (ADGM). This strategic move aims to serve Indian companies operating in the Gulf and global clients seeking opportunities in India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Full-service law firm DSK Legal has received regulatory clearance to open offices in Dubai and the Abu Dhabi Global Market (ADGM), in a move aimed at expanding its footprint across the India–UAE business corridor and the wider Middle East and North Africa ( MENA ) move will allow the Mumbai-headquartered firm to serve Indian companies with operations in the Gulf as well as global clients seeking to enter or expand in India, DSK said in a statement. The practice areas will cover projects, real estate, technology, energy, financial services, sports, media and international arbitration.'There has been a clear and growing interest from our clients and other Indian businesses to establish or expand their footprint in the UAE across several sectors,' said Anand Desai, managing partner at DSK Legal. 'With the establishment of our offices in Abu Dhabi and Dubai, we are well-positioned to support Indian companies with operations in the UAE, as well as foreign clients with interests in India.'The offices come as India and the UAE deepen trade and investment ties, following a 2022 free trade agreement that has boosted bilateral Kumar, a legal veteran with nearly 20 years in the UAE and Africa, will be resident partner, while former Jammu & Kashmir and Ladakh High Court chief justice Ali Mohammad Magrey will act as senior this expansion, DSK Legal becomes one of the few Indian law firms to establish a direct presence in two leading global financial and legal hubs of West in 2001, DSK Legal operates from offices in New Delhi, Bengaluru and Pune apart from Mumbai and has grown into a multi-disciplinary practice with over 300 professionals, including 60 partners and associate partners.
Business Standard
4 days ago
- Business
- Business Standard
Anupam Rasayan Q1 PAT climbs 768% YoY to Rs 34 cr
Anupam Rasayan India reported 768.36% surge in consolidated net profit to Rs 34.04 crore in Q1 FY26 as against Rs 3.92 crore in Q1 FY25. Revenue from operations rose 91.12% to Rs 485.83 crore in the quarter ended 30 June 2025. Profit before tax stood at Rs 62.85 crore in Q1 FY26, registering the growth of 287.48%, compared with Rs 16.22 crore posted in the corresponding quarter last year. EBITDA (incl. other income) was at Rs 129.2 crore in Q1 FY26 as compared to Rs 59.2 crore in Q1 FY25, up 118% and this would translate into 26% EBITDA margin in this quarter. Total expenses spiked 75.32% year on year to Rs 427.89 crore during the quarter. cost of materials consumed stood at Rs 361.20 crore (up 97.66% YoY), while employee benefits expense was at Rs 20.33 crore (up 19.87% YoY) during the period under review. Anand Desai, managing director of Anupam Rasayan, commented, During Q1 FY26, consolidated revenue stood at Rs 491 crore, registering a robust growth of 89% year-on-year. We strongly believe that the sectoral trends are in our favour, and we are witnessing a clear resurgence in growth. Our pharma and polymer businesses are performing well, coupled with recovery in Agrochemical segment. The USA and Japan markets have shown encouraging trends for Anupam Rasayan. During Q1FY26, total exports accounted for 58% of the total revenue from operations. With the two new agreements signed with Japanese and US-based multinational companies, our order book now stands at Rs 14,646 crore, reflecting the strong growth momentum in our business. Anupam Rasayan India (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. Incorporated in 1984, the speciality chemicals major has two verticals: Life science related Specialty Chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals, Other Specialty Chemicals comprising Polymer Additives. The company caters to a diverse base of Indian and global customers. It is currently manufacturing products for over 75 domestic and international customers, including 31 multinational companies. The counter rose 0.49% to Rs 1,154.10 on the BSE.
News18
4 days ago
- Business
- News18
Anupam Rasayan posts nearly 4-fold jump in Q1 net profit
Agency: PTI New Delhi, Aug 14 (PTI) Chemicals maker Anupam Rasayan India Ltd has posted nearly four-fold jump in its consolidated net profit to Rs 48.45 crore for the first quarter of the 2025-26 fiscal on robust income. The company reported a net profit of Rs 12.21 crore in the year-ago period, according to a late-night regulatory filing. Total revenue increased sharply by 89 per cent to Rs 490.73 crore during the quarter ended June 2025 from Rs 260.26 crore in the year-ago period. Expenses also rose to Rs 427.88 crore from Rs 244 crore in the said period. Anupam Rasayan Managing Director Anand Desai said during Q1 of FY26, total exports accounted for 58 per cent of the total revenue from operations. 'We strongly believe that the sectoral trends are in our favour, and we are witnessing a clear resurgence in growth. Our pharma and polymer businesses are performing well, coupled with a recovery in the agrochemical segment." The USA and Japan markets have shown encouraging trends for Anupam Rasayan, he added. PTI LUX DR DR view comments First Published: August 14, 2025, 11:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
United News of India
13-06-2025
- Business
- United News of India
Anupam Rasayan India Ltd signs MPA with a Japanese Multinational Conglomerate
Mumbai, Jun 12 (UNI)Anupam Rasayan India Ltd on Thursday said that it has signed a long-term Master Purchase Agreement (MPA) with a Japan-based Multinational Conglomerate., a global leader in fluorochemicals and advanced technology solutions. This long-term partnership underscores MNC's confidence in Anupam's expertise and positions Anupam as a key supplier in high-growth market segments. The agreement establishes comprehensive terms governing the customer's purchase of specialty chemicals from Anupam Rasayan, marking a significant milestone in Anupam's strategic expansion into the Japanese market. Anand Desai, Managing Director of Anupam Rasayan, emphasized his confidence, stating, 'Partnering with a global leader speaks to the strength of Anupam's R&D, our commitment to innovative chemistry, and our ability to deliver at scale. This agreement brings both immediate and long-term commercial value, representing a major step in our growth journey. UNI JS BD
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Business Standard
12-06-2025
- Automotive
- Business Standard
Here's why Anupam Rasayan shares hit 52-week high today; details inside
Anupam Rasayan share price: Chemical manufacturing company Anupam Rasayan share price was in demand on Thursday, June 12, 2025, with the stock rallying up to 4.36 per cent to hit a fresh 52-week high of ₹1,151 per share. However, by 12:50 PM, shares of Anupam Rasayan were off highs, and were trading merely 0.20 per cent higher at ₹1,105.10 per share. Follow Latest Stock Market Updates Today LIVE What triggered the rally in Anupam Rasayan shares today? Anupam Rasayan shares surged today following a series of strategic developments that boosted investor sentiment. The company signed a Letter of Intent (LOI) with two major European players—E-Lyte Innovations GmbH, a developer of electrolyte solutions, and FUCHS LUBRICANTS GERMANY GmbH, a subsidiary of FUCHS SE known for advanced lubricant technologies. This marks Anupam Rasayan's entry into the fast-growing lithium-ion battery chemicals market. Anand Desai, managing director of Anupam Rasayan, said, 'This partnership with E-Lyte and FUCHS LUBRICANTS GERMANY is a significant step forward in our planned journey of diversification and growth into the energy storage segment. This LOI is a crucial step towards establishing a long-term relationship and a strategic partnership with E-Lyte and FUCHS LUBRICANTS GERMANY for supply of high-quality cost-effective electrolyte salts. Under the LOI, Anupam Rasayan will supply up to 1,500 tonnes per annum (TPA) of Lithium Hexafluorophosphate (LiPF6), a critical component in battery manufacturing, with commercial deliveries expected as early as FY26–27. The LOI sets the groundwork for negotiating a five-year supply contract. E-Lyte is a leading innovator in the battery sector, specialising in advanced liquid electrolytes for next-generation energy storage systems, particularly in e-mobility applications. Since 2022, FUCHS LUBRICANTS GERMANY GmbH has supported E-Lyte as a minority shareholder and strategic partner, helping drive its expansion to meet rising global demand. ALSO READ | Desai added, 'Our process optimisation capabilities have played a pivotal role in ensuring the product's validation, offering significant advantages over its global commercial scenario. Additionally, our backward integration in fluorine chemistry through our subsidiary, Tanfac Industries Ltd, provides raw material supply chain security— a critical factor that contributed to signing this LOI. Anupam will be one of the first manufacturers of this molecule in India commercially, strengthening our foothold in the rapidly expanding battery ecosystem. Entering the battery chemicals market positions Anupam as a preferred partner for global innovators in advanced energy solutions. This is one of the many products Anupam is working on in the battery space that has been successfully agreed for supply to a customer, with several others in the pipeline.' In a separate development the company announced a long-term Master Purchase Agreement (MPA) with a Japan-based multinational conglomerate—a global leader in fluorochemicals and advanced technologies. This agreement solidifies Anupam's role as a key supplier in high-growth specialty chemical segments and expands its footprint in the Japanese market. About Anupam Rasayan Anupam Rasayan India Ltd. is among the leading Indian specialty chemicals companies, established in 1984, with a strong focus on custom synthesis and manufacturing. The company operates across two main verticals, Life Science Specialty Chemicals—including products for agrochemicals, personal care, and pharmaceuticals—and Other Specialty Chemicals, which cover pigments, dyes, and polymer additives. Serving over 71 domestic and international clients, including 31 multinational corporations, Anupam Rasayan has built a diversified customer base. It operates six manufacturing facilities in Gujarat—four in Sachin, Surat and two in Jhagadia, Bharuch—with a combined installed capacity of approximately 30,000 MT as of March 31, 2025. Known for its expertise in multistep synthesis and complex chemical processes, the company plays a key role in supplying high-value specialty chemicals to both Indian and global markets.
