- Business
- Laxmi Organic Industries Limited manufactures and markets acetyl intermediates and specialty chemicals, focusing on two primary segments: Essentials, encompassing bulk solvents such as ethyl acetate, acetic acid, and acetaldehyde, and aldehydes; and Specialties, including ketene and diketene derivatives like esters, amides, and arylides, alongside fluorine intermediates. The company serves diverse end-markets including pharmaceuticals and life sciences, agrochemicals, food packaging, pigments, coatings, dyes, inks, paints, flame retardants, and thermal fluids, positioning it as India's leading player in acetyl intermediates and ketene & diketene derivatives, with top global rankings excluding China and a production capacity exceeding 232 kTPA. Founded in 1989 and headquartered in Mumbai, India, with manufacturing facilities in Mahad, Maharashtra, and Dahej, Gujarat, Laxmi operates primarily in India while exporting to global customers in crop science, life sciences, and pigments sectors.
Recent developments include the receipt of Consent to Operate from the Gujarat Pollution Control Board for its Dahej facility in October 2025, enabling commercial operations and first shipments from the first phase, as part of a broader INR 11 billion capacity expansion plan by FY28 to double output in essentials and specialties segments. The company completed the acquisition of Acetyls Holding Private Limited and its subsidiary Yellowstone Chemicals in 2021, followed by their merger into the parent in 2022, bolstering acetyl capabilities; ventured into the USD 2.5 billion fluorine intermediates market via assets from Miteni SpA in Italy, with production commencing in 2024 after relocation to Maharashtra; invested in Cleanwin Energy One LLP for 26% stake to secure renewable energy; and launched the Laxmi Employee Stock Option Plan 2024, alongside over 30 in-house R&D developed products emphasizing innovation, quality, safety, and ISO certifications.