What we do Neogen Chemicals Ltd is a leading Indian manufacturer of bromine-based specialty chemicals, lithium salts, and battery materials, serving pharma, agrochemical, electronics, and EV sectors. |
Founded in 1,989 |
Market share Prominent player in India's specialty chemicals market with expanding presence in lithium-ion battery materials. |
Problem solved Provides specialty chemical solutions to enhance product properties across industries and supports India's EV transition with lithium battery materials. |
Top clients or who we serve Pharmaceuticals, agrochemicals, electronics, flavors & fragrances, battery manufacturers; serving B2B markets globally. |
Key management Dr. Harin Kanani (Managing Director, Chemical Engineering PhD, University of Maryland) leads innovation and strategy. |
Our journey and innovations Established in 1989, expanded from bromine compounds to lithium battery materials; pioneering Indo-Japan JV for lithium salts; continuous capacity expansion and custom synthesis. |
Where we operate India (Maharashtra, Gujarat, Telangana) and exports to USA, Europe, Japan, Korea, Middle East, China; subsidiaries in Japan and battery materials focus in Dahej. |
Top products or what we offer Bromine derivatives, lithium salts, organolithium compounds, custom synthesis, and lithium battery electrolytes and salts. |
Top brands Neogen Ionics for battery chemicals; BuLi Chem organolithium products; recognized for advanced specialty chemical offerings with export reach. |
Raw materials needed Bromine, lithium carbonate, lithium hydroxide, chemicals for synthesis and organic compounds. |
Raw materials supplier Global lithium miners and processors; various chemical raw material suppliers. |
Recurring vs cyclical contribution Revenue is a mix, with specialty chemicals generally steady and battery materials poised for growth, influenced by EV market cycles. |
Our industry position Leader in bromine-based specialty chemicals in India with growing footprint in lithium battery materials segment. |
Financial highlights FY25 Consolidated Revenue: ₹778 Cr, PAT: ₹34.8 Cr; 5-year revenue CAGR approx. 21%; focused on scaling battery chemicals segment. |
Geographical revenue split ~72% India, ~28% Overseas (exports and deemed exports) as of FY25. |
Order book - |
Whats driving growth Rising demand in pharma, agrochemicals, electronics; rapid EV market growth driving lithium battery materials segment expansion. |
Our future plans Commission new greenfield battery materials facility at Pakhajan with 30,000 MT electrolyte capacity by FY27; aggressive scaling of lithium salt production. |
Our green promise ISO 14001 certified sites; zero liquid discharge; ESG integration via Risk Management Committee; CSR focused on environment and community. |
Our people and values Approximately 866 employees with 14% in R&D; culture emphasizing innovation, ethics, empowerment, and sustainability. |
Key challenges ahead Post-fire plant reconstruction costs, global raw material price volatility, and competitiveness in lithium battery chemical supply. |
Interesting facts First Indian bromine plant with indigenous tech; JV with Japanese Morita for lithium salts; major lithium battery materials capacity expansion underway. |
Risks and strategy Mitigating operational risks via insurance and safety; expanding product portfolio to diversify; leveraging technology partnerships for competitive edge. |
