Alkyl Amines Chemicals Share Price Live

History of Alkyl Amines Chemicals Limited (AACL)

Incorporated in 1979, Alkyl Amines Chemicals Limited (AACL) is involved in the manufacturing of Aliphatic Amines, Amine Derivatives and Specialty Amines and supplies them to various industries, including pharmaceutical, water treatment, agrochemical, rubber chemical, etc.

In 1981, the company released its IPO and was listed on the stock exchanges. In the next year, i.e., in 1982, the company commissioned its first aliphatic amine plant at Patalganga, which was expanded in 1986. In 1992, Alkyl Amines Chemicals Limited’s second plant was established, which was followed by the establishment of three multi-purpose plants in 1996. In 2000, the company’s first hydrogen and aliphatic amine plant was commissioned. Alkyl Amines Chemicals established four powder plants between 2003 and 2019. In 2021, they commissioned a Specialty amine plant, followed by another Hydrogen plant, the DEK plant and a Captive solar power plant in 2022.

As of March 2023, Alkyl Amines Chemicals Limited has 3 manufacturing plants and 2 solar power plants in India located at Gujarat and Patalganga. They cater to 18 states across the country and 20 countries across the globe. Their chemical products are supplied to various industries all over the world.

Business Segments of Alkyl Amines Chemicals Limited 

There are 3 primary products offered by the company, which are as follows:

• Aliphatic Amines: Under this segment, the company manufactures various aliphatic amines, such as Methylamines, including Monomethylamine (MMA), Dimethylamine (DMA), and Trimethylamine (TMA), as well as Ethylamines like Monoethylamine (MEA), Diethylamine (DEA), Triethylamine (TEA), and N-Propylamines and more. All these chemicals play crucial roles in various industrial processes.
• Amine Derivatives: In this segment, the company manufactures products such as Dimethylamine hydrochloride (DMAHCl), Diethylamine hydrochloride (DEAHCl), Triethylamine hydrochloride (TEAHCl), 3-Ethoxy propylamine (ETOPA), 3-(Methylaminopropyl) amine (MAPA), and more.
• Speciality Chemicals: Under this, the company manufactures speciality chemicals, including Acetonitrile, 1,8-diazabicyclo[5.4.0]undec-7-ene (DBU), Diethylketone (DEK) or 3-Pentanone, Alchan 100 and many more.

As of March 31, 2023, Alkyl Amines Chemicals Limited has no subsidiaries.

Key Personalities of Alkyl Amines Chemicals Limited

Yogesh M. Kothari, Chairman and Managing Director 

Yogesh M. Kothari is the Managing Director and Chairman of Alkyl Amines Chemicals Limited. In 1979, he promoted the company and holds more than 40 years of experience in the chemical industry. Mr Kothari is the ex-president of the Indian Chemical Council (ICC).

Rakesh Goyal, Whole Time Director – Operations

Rakesh Goyal has been the whole-time director of operations of Alkyl Amines Chemicals Limited since June 2021. He has over 25 years of experience in technology transfer, manufacturing, process development, sales, marketing and quality management. Before joining Alkyl Amines Chemicals, he worked with various companies, including National Peroxide Limited, Jesons Industries Limited, The Dow Chemical Company, Hindustan Unilever Limited and NOCIL.

Management Outlook of Alkyl Amines Chemicals Limited

• The company aims to increase the market share of existing products and introduce new products to drive sustainable growth.
• The company is investing in capacity expansion for Aliphatic Amines and plans to implement strategies to improve operational efficiencies and margins.
• The company will focus on mitigating the impact of global competition from Chinese manufacturers in the agrochemicals and pharmaceuticals sectors.