Vital Chemtech Ltd - Stock Valuation and Financial Performance

The Company was originally incorporated as a private limited company on November 11, 2013, as ‘Rudra Chemtech Private Limited’, under the provisions of the Companies Act, 1956. Subsequently, the Company was converted to Limited Liability Partnership Firm as ‘Rudra Chemtech Limited Liability Partnership’ having duly passed the necessary resolution in terms of Rule 20(1) of the LLP Rules, 2009 on February 12, 2015, under the LLP Act, 2008. Thereafter, on February 20, 2015, name was changed to ‘Vital Chemtech Limited Liability Partnership’ pursuant to Rule 20(3) of the LLP Rules, 2009. Later on, the company’s Limited Liability Partnership was converted to Public Limited Company under section 366 Part I chapter XXI of the Companies Act, 2013 as ‘Vital Chemtech Limited’ and fresh Certificate of Incorporation dated November 25, 2021, was issued by Assistant Registrar of Companies, Ahmedabad.

The company is engaged in the business of manufacturing of Phosphorus Derivatives Producuts. The company is manufacturer and supplier of Phosphorus base chemicals with highest quality practice and compliant with Highest Environmental, Health, and Safety (EHS) in chemical industry. The company has State of the Art Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) operated in integrated complex in PCPIR region of Dahej, Gujarat, India for manufacturing of phosphorus base chemicals. Manufacruring Facility of the company is having integrated manufacturing facility for manufacturing of phosphorus base chemical. Its manufacturing Facility located in Dahej, Gujarat, has been certified with ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 from Bureau Veritas to maintain highest quality, environmental and safety practices. Its plant is ZLD (Zero Liquid Discharge) to ensure minimum emissions and waste generation. The state of the art operation ensures organized uniflow state of the art manufacturing and supply sustainbility to its valued customers.

Business area of the company

The company manufactures Phosphorus Trichloride (PCl3), Phosphorus Oxychloride (POCl3), Phosphorus Pentachloride (PCl5),Phosphorus Pentoxide (P2O5), Poly Phosphoric Acid (PPA) and Phosphorus Pentasulfide (P2S5) for its customers across segments such as Lifesciences, Crop Care, Specialty Chemicals, Textile Auxillaries, Dyes, Pigments and Plastic Additives. The company also does trading of its raw Material. The company is in the process of obtaining approval of Phosphorus Pentasulfide (P2S5) from its customers.

Key Events and Milestone

• 2013: The Company was incorporated as a private limited company under the name “Rudra Chemtech Private Limited”.
  
• 2015: The Company was converted into Limited Liability Partnership under the name “Rudra Chemtech Limited Liability Partnership”
  
• 2015: The Company setup Manufacturing Plant at Dahej, Gujarat in land admeasuring 9099.60 Sq. Mtr within the limits specified in the plan approved by the Joint Director Industrial Safety and Health, Surat Region.
  
• 2015: The name of the company’s LLP “Rudra Chemtech Limited Liability Partnership” was changed to “Vital Chemtech Limited Liability Partnership”.
  
• 2021: Vital Chemtech Limited Liability Partnership was converted into Public Limited Company under the name “Vital Chemtech Limited’’.
  
• 2022: The Company achieved Annual Turnover of more than Rs 100 crore.