Aether Industries Ltd.
1,413.95
INR
-36.85
(-2.54%)
ISIN
INE0BWX01014
Return %
Stock
S&P 500
1Y
85.41
13.14
3Y
58.84
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Ashwin Jayantilal Desai
- Full Time Employees
- 1,449
- Sector
- Process industries
- Industry
- Chemicals: major diversified
- Address
- GIDC Industrial Estate Surat GU India 394230
- IPO Date
- Jun 3, 2022
- Website
- aether.co.in
- Similar Companies
- Business
- Aether Industries Limited is an Indian specialty chemical company based in Surat, Gujarat, founded in 2013. It manufactures advanced intermediates and specialty chemicals for diverse industries including pharmaceuticals, agrochemicals, material science, electronic chemicals, high-performance photography, additives, and oil and gas. The company's product portfolio encompasses complex and differentiated chemistry tailored for active pharmaceutical ingredients, fine chemicals, and specialty chemicals such as 4-(2-Methoxyethyl) Phenol, 3-Methoxy-2-Methylbenzoyl Chloride, Thiophene-2-Ethanol, Ortho Tolyl Benzo Nitrile, N-Octyl-D-Glucamine, Delta-Valerolactone, and Bifenthrin Alcohol among others. Its manufacturing capabilities include large-scale production facilities supported by state-of-the-art R&D, pilot plants, contract research and manufacturing services (CRAMS), and contract/exclusive manufacturing services, with production sites equipped for batch and continuous process technology. Recent strategic developments include a significant long-term contract with Baker Hughes to manufacture six new products for their global operations with a focus on India’s oil and gas sector, executed primarily through its subsidiary Aether Speciality Chemicals Limited. This partnership is part of a broader collaboration and aligns with Aether's business expansion into new segments. The company has also expanded its production capacity with new greenfield sites, including Site 4 commissioned in March 2024 and ongoing construction of Site 5 expected to be commissioned by the end of fiscal 2026. Aether continues to grow its customer base and has successfully undergone multiple customer and certification audits in 2025. Additionally, the company completed the commissioning of a 15 MW solar power project in late 2024 to support sustainable energy use in its operations. Aether Industries operates primarily in India but serves customers internationally, sustaining rapid growth with a focus on high technology and complex chemistry applications. Its target markets span multinational pharmaceutical companies, agrochemical firms, and specialty chemical clients requiring high purity and regulatory compliance. The company went public in June 2022 and raised additional capital via a Qualified Institutional Placement in 2023 to fuel its expansion and innovation initiatives. Aether’s financial performance demonstrates strong revenue growth supported by increasing contract manufacturing and proprietary specialty chemical sales. In summary, Aether Industries Limited specializes in the production of advanced intermediates and specialty chemicals, backed by extensive R&D and manufacturing capabilities, with recent major expansions and a strategic partnership with Baker Hughes that marks a significant growth phase in its operations. The company’s integrated business model and geographic reach position it as a key player in India's chemical manufacturing sector.