- Business
- Crestchem Limited manufactures, markets, and exports nutraceutical ingredients and nutrition-chemical products in India and internationally. The company produces medium chain triglycerides including caprylic/capric triglycerides in oil form and powders at 50% and 70% concentrations; lactose-free products such as spray-dried lactose-free skimmed milk powder and complete balanced nutrition formulations for pediatric and adult use; and oils and fats in water-soluble powder form comprising high oleic sunflower oil powder, palm oil powder, coconut oil powder, aromatic oil powder on dairy base, and dairy cream powder. Crestchem Limited undertakes developmental work on specialty products tailored to customer needs in the nutritional chemical sector. Incorporated in 1991 and listed on the BSE, the company maintains its registered office and factory at Sr. No. 550/1, Sub Plot No. 12, Village Indrad, Taluka Kadi, District Mehsana, Gujarat, with corporate office in Ahmedabad. In recent developments, Crestchem Limited appointed Nirmit Dipak Patel as Executive Director effective October 1, 2023; Jignesh A. Shah as Additional Director effective December 29, 2023 and Priyankaben M. Patel as Additional Director effective July 4, 2024, both proposed for regularization as Independent Directors up to September 30, 2029; approved continuation of Chairman and Managing Director Dipak N. Patel beyond age 70 and increased his remuneration to Rs 4-5 lakh monthly effective January 1, 2024; and in 2025 appointed Nitin S. Shah as Company Secretary, Compliance Officer, and CFO effective August 1 following resignations including that of prior CFO Khyati Vyas, amid board changes such as retirements of Rajesh I. Mody and Manojkumar Babubhai Patel in July 2024.