Investors

About Us

Product Offerings
Key Offerings
Key Highlights
Industries Served
Product Benefits
Hydrocarbon Specialty Chemicals

Stimulation and Completion Additives

Production Chemicals

Process Improvement, Asset Integrity Chemicals (Corrosion Inhibitors, Antifoulants, Demulsifiers, Anti-polymerants, Sulfiding Chemicals)

Refinery Fuel Additives

Gasoline and Diesel Performance Additives

Modified Acids

30%

of the World’s Large Refineries are catered

20%

of the Global Ethylene Plants use Dorf Ketal Chemicals

Only player

Offering full line of fuel additives

Oil Field

Refinery

⏵ Petrochemicals

Finished Fuels

Higher improvement in efficiencies of polymerization

Improves combustion and reduces exhaust emissions

Enhances the efficiency of fuel and improve fuel systems

Safer substitute for potentially harmful products

Industrial Specialty Chemicals

Organometallic Catalysts

Catalysts for Chemical Synthesis

⏵ Adsorbents

Lubricant Additives

Optical Brighteners

Organic Chemicals

60%+

Market share for organometallic catalysts globally.

2nd

Largest producer for Optical Brighteners in India.

80%

Market share for PVF coatings in the world.

Packaging

Automotive

Pharmaceuticals

Pulp and Paper

Steel

Textiles

Power Ancillary

Lowering generation and handling of harmful by-products

Improving resin production

Enhancing resistance to scratches and corrosion

Product Offerings
Hydrocarbon Specialty Chemicals
Key Offerings

Stimulation and Completion Additives

Production Chemicals

Process Improvement, Asset Integrity Chemicals (Corrosion Inhibitors, Antifoulants, Demulsifiers, Anti-polymerants, Sulfiding Chemicals)

Refinery Fuel Additives

Gasoline and Diesel Performance Additives

Modified Acids

Key Highlights

30%

of the World’s Large Refineries are catered

20%

of the Global Ethylene Plants use Dorf Ketal Chemicals

Only player

Offering full line of fuel additives

Industries Served

Oil Field

Refinery

⏵ Petrochemicals

Finished Fuels

Product Benefits

Higher improvement in efficiencies of polymerization

Improves combustion and reduces exhaust emissions

Enhances the efficiency of fuel and improve fuel systems

Safer substitute for potentially harmful products

Product Offerings
Industrial Specialty Chemicals
Key Offerings

Organometallic Catalysts

Catalysts for Chemical Synthesis

⏵ Adsorbents

Lubricant Additives

Optical Brighteners

Organic Chemicals

Key Highlights

60%+

Market share for organometallic catalysts globally.

2nd

Largest producer for Optical Brighteners in India.

80%

Market share for PVF coatings in the world.

Industries Served

Packaging

Automotive

⏵ Pharmaceuticals

Pulp and Paper

Steel

Textiles

Power Ancillary

Product Benefits

Lowering generation and handling of harmful by-products

Improving resin production

Enhancing resistance to scratches and corrosion

Vision

Our vision is to emerge as a global specialty company, powered by our technology, innovation, customer centricity, and exemplary levels of service to maximize the incremental financial, social, and environmental benefits to our customers, our team, our vendors, communities we operate in and other stakeholders.

Mission

To leverage chemistry for a safer, cleaner world by developing sustainable solutions and creating value for customers through innovation.

Industry Report

Annual Reports

Annual Returns

2022

Material Subsidiaries

Dorf Ketal Chemicals FZE (UAE)

⏵  2021

⏵  2022

 2023

Dorf Ketal Chemicals FZE (UAE)
Fluid Energy Ltd (Canada)
Dorf-Ketal Energy Services LLC. (USA)
Dorf Ketal Chemicals Brasil Ltda (Brazil)
Dorf Ketal Chemicals Pte Ltd (Singapore)
Dorf Ketal Chemicals LLC (USA)

Financials Information

2022
Financial Results tab
Indian Subsidiaries Khyati Chemicals Private Limited
Elixir Soltek Private Limited
Garuda Xotica Intermediates Private Limited
Dorf Ketal Chemicals FZE (UAE)
Fluid Energy Ltd (Canada)
Dorf-Ketal Energy Services LLC. (USA)
Dorf Ketal Chemicals Brasil Ltda (Brazil)
Dorf Ketal Chemicals Pte Ltd (Singapore)
Dorf Ketal Chemicals LLC (USA)
Dorf Ketal Chemicals FZE (UAE)

Announcements

Names of the Directors Resigned i.e. Mr. Brannon & Mr. Knight in the FY 2016-17

Resignation of CS and appointment of new CS

Resignation of Mr. Aniparambil Vijayaraghava Menon (DIN-00019770) w.e.f 16.08.2023

Resignation of Ms. Padmaja Menon (DIN-02501009) w.e.f 16.08.2023

Board of Directors

Sudhir Menon

Executive Director, Non- Independent

(Chairman and Managing Director)

Bio

The Chairman & Managing Director of Dorf Ketal, he has more than 35 years of experience in the middle and top management position in the industrial & specialty chemicals industry. He has been instrumental in increasing the global footprint of the Company by spearheading all the acquisitions pursued by the Group. He holds a degree in Science & Law and is a Management Graduate.

Subodh Menon

Executive Director, Non- Independent

(Founder, Vice-Chairman and Whole-time Director)

Bio

He is the Director (Operations) of Dorf Ketal. He is the key strategist behind all the acquisition opportunities pursued by the Group, globally. Health, Safety & Environment has been one of his key focus areas in the organization thus ensuring that none of the manufacturing facilities have reported any major environmental or safety issues. He is a Chemistry graduate.

Perumangode Neelkandhan Ramaswamy

Executive Director, Non- Independent

(Whole-Time Director)

Bio

He is the Director (Technical) of Dorf Ketal. He has over 30 years of experience in process chemical treatment programs. He has been associated with Dorf Ketal since 1992 and is responsible for technical services and designing of new programs, globally. He holds a bachelor degree in Chemical Engineering.

Mahesh Subramaniyam

Non – Executive Director,

Non- Independent Director

Bio

He is the Director (R&D) and heads all the R&D activities of the Group. He has been with the Group since 1997. He received the prestigious DSIR National Award in R&D in 2008. He is a doctorate in Polymer Chemistry from IIT Bombay and is an inventor and a patent holder. Under his leadership Dorf Ketal has filed several global patents.

Pramod Menon

Executive Director, Non-Independent

(Whole-Time Director)

Bio

He is the Director (Marketing) of Dorf Ketal. He has been heading the Sales & Marketing activities of the Group for more than 25 years. He was also responsible in the setup of various subsidiaries, sales offices and distributor networks across the globe.

Yogesh Ranade

Executive Director, Non-Independent

(Whole-Time Director)

Bio

Mr Yogesh Ranade is the Senior Vice President – Manufacturing.  He is Heading the Global Manufacturing Function.  He holds BE in Chemical Engg from University of Bombay and M.Tech – Industrial Engg & Operational Research from IIT, Bombay and Diploma in Business Finance from The Institute of Chartered Financial Analysts of India.    He has 32.7 years of experience in Chemical Industry. He was previously associated with Pidilite Industries Ltd as Chief Manufacturing Operations (IP) and Lanxess India Pvt Ltd as General Manager – Head of Manufacturing and Bayer India Ltd as Head – Process of Rubber Chemical Plant and Kinetics Technology India Ltd as Engineer Trainee

Rajesh Vasudeo Desai

Non- Executive

(Independent Director)

Bio

Mr. Desai is a Non-Executive Independent Director at Dorf-Ketal Chemicals India Limited and He is associated with companies like Glenmark Pharmaceuticals Limited. Mr. Desai is a Chartered Accountant and has over 36 years of rich experience, and has been the Executive Director and Chief Financial Officer of Glenmark until 2016. Mr. Desai led the Finance, Legal and IT functions at Glenmark, and has contributed significantly to its growth story.

Dr. Parsotambhai Devsibhai Vaghela

Non- Executive

(Independent Director)

Bio

Dr. P.D.  Vaghela joined as Chairman, Telecom Regulatory Authority of India (TRAI) on 1st October, 2020. Prior to joining TRAI, Dr. Vaghela was Secretary, Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers. Dr. Vaghela had graduated in Commerce in the year 1982. He did his M.B.A (Master of Business Administration) with specialization in Financial Management in 1984 and also obtained M.A in Development Studies (Public Policy & Management) from the Institute of Social Studies, The Hague in the Netherlands in the year 2005. He was decorated with a Doctorate in the year 2013 in sociology in Policy Implementation by Sardar Patel University, Anand, Gujarat.

He joined Indian Administrative Service [IAS] in 1986. He has held various assignments starting from District level to State level, during which he had won a number of awards for excellence as best Collector & District Magistrate and  best District Development Officer. In his assignment as Chairman, Kandla Port (2008-2013), the port was awarded as the best major port for five years of his tenure. He worked as Chief Commissioner of State Tax, in Gujarat, during which period he has played a major role at national level in drafting GST law, its rules and fixing GST rates of goods and services as Convener of national level GST Law and GST Fitment Committees. He was also closely involved in the GST implementation at national level as a key member of GST Implementation Committee.

As Secretary Pharmaceuticals, he has launched four ambitious schemes (two PLI schemes for manufacturing APIs and Medical device  and two schemes for development of manufacturing infrastructure namely Drug Parks  and Medical Device Parks )  to transform the sector. He also worked as Convenor of Empowered Group 3 for Covid management which handled availability of critical medical supplies like PPE, N-95, Ventilators and testing kits. Today India is exporting these items for which India was otherwise dependent on imports during pre-covid time. In May, 2018, Dr. Vaghela was honoured by Hon’ble Prime Minister of India by PM’s award for Excellence in Public Administration while appreciating his contribution in implementation of GST in India.”

Nanda Rackanchath

Non- Executive

(Independent Director)

Bio

Nanda has nearly 40 years of experience across sectors like manufacturing, retail, FMCG, telecom, and services in India and abroad. With a postgraduate degree in Human Resources, he has held key HR leadership roles at companies such as Tata Chemicals, Tata Communications, Amara Raja Group, and Landmark Group. His responsibilities have included overseeing HR, manufacturing, procurement, corporate communications, CSR, and business ethics. He has served on various boards and committees and is a life member of NHRD, ISTD, and NIPM. He retired in February 2023 after a distinguished career.

He joined the Tata Group in 2006 as Senior Vice President & CHRO at Tata Communications Ltd. before moving to Tata Chemicals in 2012 as CHRO. As a member of the Global Executive Committee, he provided leadership to the global functions of Human Resources & Administration, Corporate Communications, Business Ethics and Corporate Social Responsibility until his superannuation in Feb 2023.

Prof. (Dr) Ganapati Dadasaheb Yadav

Non- Executive

(Independent Director)

Bio

Professor Ganapati D. Yadav is the Founding Vice Chancellor and R.T. Mody Distinguished Professor, and Tata Chemicals Darbari Seth Distinguished Professor of Innovation and Leadership of the Institute of Chemical Technology (ICT), Mumbai (formerly UDCT), which is a Deemed-to-be-University having Elite Status and Centre of Excellence given by State Assembly on par with IITs/IISc/IISERs. He is J.C. Bose National Fellow and Adjunct Professor at RMIT University, Melbourne, Australia and University of Saskatchewan, Canada. He is the topmost engineering scientists and academicians in India, who despite being an administrator, is still actively involved in guiding Ph.D., patenting, publishing, consulting and transferring technologies to industry. He has been an active consultant to industry with more than 70 assignments and over 70 sponsored research projects for past 40 years.

Bhavna Thakur

Non- Executive

(Independent Director)

Bio

Bhavna Thakur is Chief Operating Officer of Tifin Studios II, working in the arena of artificial intelligence, technology and finance. Prior to this she was the head of Capital Markets at Everstone Capital and Citigroup India and has over 24 years of experience in corporate finance, investment banking, M&A and capital markets. She holds a BA LLB (Hons.) from National Law School of India and a postgraduate degree in Law from Columbia University. She also worked with Citigroup, Morgan Stanley in Mumbai and Paul Weiss, Wharton Garrison LLP and Davis Polk and Wardwell LLP in London and New York, respectively.

Dr. Deepak R. Parikh

Non- Executive

(Independent Director)

Bio

Dr. Deepak Parikh, 62, studied chemical engineering at Bombay University (UICT) and earned a Ph.D. in engineering from University of Tennessee and significant advanced education in materials science and engineering from University of Utah, where he worked on development of the first artificial heart. He holds 45 U.S. patents.

Dr. Parikh is Chief Strategy Officer and Executive Committee Member of Indorama Ventures PCL from 1st April, 2019. Dr. Parikh is articulating and executing strategy and portfolio enhancement along with the Executive members of Indorama PCL. Indorama is globally diversified chemical company having over 100+ plants in 30+ countries.

Prior to this, Dr. Parikh was President and Chief Executive Officer of Clariant Corporation North America. Dr. Parikh spent over 6 years with Clariant. Clariant is a globally leading specialty chemicals company, based in Switzerland. Dr. Parikh has also served as Vice Chairman and Managing Director of Clariant Chemicals (India) Limited (public listed company) along with presiding over Clariant’s Middle East and Africa region.

Prior to joining Clariant, Dr. Parikh was engaged with total of 20 years with Dow Chemical, DuPont, Invista and about 5 years with private equity firms. Dr. Parikh was regional president for India, Middle East and Africa Region for Dow Chemical and regional president for Asia Region during his tenure at DuPont.

Key Managerial Personnel

Vijaykumar Malpani

(Chief Financial Officer)

Bio

Mr. Vijaykumar Malpani is the Group CFO of Dorf Ketal, overseeing Accounting, Financial, Commercial, and Taxation functions for all the Group’s global entities. Since joining Dorf Ketal in 2004, he has been instrumental in driving the financial strategy and operations of the company. 

A Chartered Accountant by profession, Mr. Malpani brings over 28 years of experience, including 20 years in the chemicals and specialty chemicals industry. Before his tenure at Dorf Ketal, he managed financial operations for various manufacturing firms and gained four years of auditing expertise at C.C. Chokshi & Co. (a Deloitte member firm).

His expertise extends to Mergers & Acquisitions, where he has played a pivotal role in the Group’s global transactions, contributing to its growth and success.

Rajdeep Shahane

(Company Secretary & Compliance Officer)

Bio

Mr. Rajdeep Shahane holds a Master’s Degree in Commerce and a Bachelor’s Degree in Law from Mumbai University. Additionally, he has pursued a Postgraduate Diploma in Financial Management from Welingkar Institute of Management.

 As a Fellow Member of The Institute of Company Secretaries of India, Mr. Shahane brings a wealth of expertise in corporate governance, compliance, and legal matters. His 12+ years of experience includes working in the CA Firm, KPO, Compliance Consulting Firm, Real Estate and Manufacturing Industry which includes 3.5 years in chemical industry.

With his specialized knowledge in finance and financial management services, complemented by his legal background, Mr. Shahane offers a holistic approach to corporate secretarial functions and regulatory compliance. His dedication and demonstrated track record make him a valuable asset to any organization he serves.

Composition of Committees

Audit Committee

⏵  Rajesh Desai (Chairperson)
Sudhir Menon
 Bhavna Thakur
⏵  P.D Vaghela

Audit Committee

⏵  Rajesh Desai (Chairperson)
⏵  Sudhir Menon
⏵  Bhavna Thakur
⏵  P.D Vaghela

Nomination & Remuneration Committee

⏵  Mr. Nanda Rackanchath (Chairperson)
⏵  Prof. (Dr) G.D. Yadav
⏵  Dr. P.D. Vaghela
⏵  Mr. Sudhir Menon

Stakeholder Relationship Committee

⏵  Dr. Deepak Parikh (Chairperson)
⏵  Mr. Pramod Menon
⏵  Mr. Subodh Menon
⏵  Mr. Nanda Rackanchath

Corporate Social Responsibility

⏵  Mr. Subodh Menon (Chairperson)
⏵  Mr. Pramod Menon
⏵  Mr. Yogesh Ranade
⏵  Mr. Deepak Parikh

ESG Committee

⏵  Dr. Deepak Parikh (Chairperson)
⏵  Mr. Subodh Menon
⏵  Mr. Jeewan Mahadik
⏵  Mr. Yogesh Ranade
⏵  Prof. (Dr) G.D. Yadav

Risk Management Committee

⏵  Ms. Bhavna Thakur (Chairperson)
 Mr. P.N. Ramaswamy
⏵  Mr. Subodh Menon
⏵  Mr. Rajesh Desai

For Investor Queries

Mr. Rajdeep Shahane

Company Secretary & Compliance Officer

Corp address: 2 Moti Udyog Nagar Ramchandra Lane,
Extn Nr Parash Industrial Estate, Malad, Mumbai-400064

Tel : +022 4297 4907

Email id : investor.grievance@dorfketal.com

Registrar and Share Transfer Agent

Link Intime India Pvt. Ltd.

C 101, 247 Park,
L B S Marg, Vikhroli (West),
Mumbai, Maharashtra – 400083

Tel : +91-22-49186000

Email id : rnt.helpdesk@linkintime.co.in

Corporate Governance Report
Shareholding Pattern
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