- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Ahmedabad India
- IPO Date
- Nov 18, 2015
- Business
- Ecofinity Atomix Limited is an India-based wholesale trading and diversified commercial enterprise engaged in the sourcing, supply, and distribution of industrial engineering components, raw commodities, steel products, and specialty chemicals. The company operates through distinct product categories, offering an extensive range of goods that includes engineering equipment and electrical accessories, such as motors for blowers, condensers, industrial connectors, fluid and air filters, ESTI protection switches, pressure switches, thermostats, and microprocessor controllers; industrial pump parts and mechanical assemblies; ferrous and non-ferrous metals, including iron and steel scrap as well as structured steel products; agricultural and food products, including raw cotton bales, dehydrated onion, and dehydrated garlic; and chemical formulations, notably bulk drug intermediates and pharmaceutical inputs manufactured through its partnership operations.
The company serves a diverse client base encompassing industrial manufacturers, pharmaceutical producers, textile processors, commercial facilities, and wholesale trade intermediaries across India. Ecofinity Atomix operates through its principal commercial facilities and holds a 60% controlling interest in M/S Padmavati Chemicals, a partnership firm engaged in the manufacturing and processing of bulk drug intermediates. The company was incorporated on February 5, 1993, originally under the name Deepti Alloy Steel Private Limited, and is headquartered in Ahmedabad, Gujarat, India. It is publicly listed on the Bombay Stock Exchange under the ticker symbol ECOFINITY (Scrip Code: 539455).
In recent strategic developments, the company has undertaken a comprehensive corporate reorganization and business expansion. The entity completed a formal corporate rebranding, transitioning its name from Aryavan Enterprise Limited to Ecofinity Atomix Limited following regulatory approval and exchange updates, aligning with a leadership transition under Chairman and Managing Director Prafullchandra Vitthalbhai Patel. To diversify its revenue streams and establish a presence in green infrastructure, the company has initiated a major strategic entry into the renewable energy sector. This expansion includes the development of two direct solar power generation plants with an aggregate capacity of 10,000 KW (10 MW) estimated to generate approximately 17 million KWh annually, complemented by a 5,000 KW (5 MW) solar photovoltaic installation through its subsidiary Padmavati Chemicals estimated to produce 8.5 million KWh annually, establishing a combined planned renewable capacity of 15,000 KW (15 MW) delivering an estimated 25.5 million KWh of annual power generation.