Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Shareholder Value
• Employee Growth
• Customer Relationships
• Governance

Environmental Achievements

• Invested ₹72 Lakhs to install a solar plant, further reducing energy consumption from traditional sources.
• Continued to reduce carbon footprint and water consumption.
• Maintained highest standards of environmental practices, enhancing reputation and making us an acceptable company globally.
• ISO 14001:2015 for Environmental Management System certification

Social Achievements

• Added three new customers during the year.
• Maintained healthy, cordial and harmonious industrial relations at all levels.
• Various steps taken to improve productivity across the organization.

Governance Achievements

• Highest standards of governance by constituting Board of Directors, recruiting specialized professionals, institutionalising systemic checks and balances, undertaking extensive compliance with all stringent norms, and running business ethically.

Climate Goals & Targets

Environmental Challenges

• Rising input prices
• Raw material availability impacted
• Rupee appreciation
• Pricing pressure driven by significant surge in raw material prices
• Continuous appreciation of Indian rupees impacted realisations and gross margins adversely

Mitigation Strategies

• Operational streamlining initiatives contributed to 5% improvement in CPC Blue capacity utilization.
• Sustained marketing and promotional activities resulting in successful acceptance of new products.
• Invested ₹35 Crores to acquire land for setting up specialty pigments plants.
• Invested ₹1.75 Crores in product research and development.
• Continuous efforts to reinforce portfolio with better products to meet customer requirements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001:2015, ISO 14001:2015

Sustainable Products & Innovation

• Blue 15.0 for textiles
• Blue 15.1 plastic grade
• Blue 15.4 for Publication Gravure Ink

Awards & Recognition

• Award for outstanding export performance for five consecutive years from GDMA
• Award for ‘Outstanding performance in the export of dye and dye intermediaries’ from CHEMEXCIL for four years running
• Award for ‘Excellent Export Performance’ in the ‘Export House’ category from FIEO in 2000-01
• Award for ‘Emerging SME’ across all sectors in India and ‘SMEs in the chemical and petrochemical sectors’ by Dun and Bradstreet and Fullerton India in 2008
• Award for International Trade in the Chemicals category by DHL-CNBC TV18 in 2009 and 2010-11
• Dun & Bradstreet, Vyasa bank & S.M.E. Business Excellence Award - Entrepreneurial Spirit Award Woman Entrepreneur (Mid Corporate) in 2015-2016
• Forbes Asia July 2012 edition as the Asia’s 200 Best Under A Billion Companies
• Ranked 364 by the International Business Times in 1000 fastest growing companies in the world in their list published in 2012.
• CHEMEXCIL award for outstanding export performance in exporters during the 2016-17 in Dye & Dye intermediate category.
• Gujarat Dyestuff Manufacturing Association (GDMA) First award for self manufactured direct export of Dye Intermediates and special trophy for self manufactured domestic sale of Dye Intermediates of ₹25 crore and above during the year 2015-16.

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Customer Focus
• Long-term Value Creation
• Operational Excellence
• Innovation

Environmental Achievements

• Installed Electrostatic Precipitator (ESP) for Boiler and TFH flue gases, reducing air emission by arresting 95% of particulate matter
• Invested in a 128 KVA solar plant to minimize fossil fuel generation
• Retained ISO 14001 certification

Social Achievements

• Significant enhancement in manpower productivity through continuous improvement initiatives
• Maintained a robust and enviable track record of zero product return
• Healthy industrial relations

Governance Achievements

• Well-defined process to identify, assess, monitor and mitigate various business risks
• Strong focus on quality, evident in zero-rejection rate and ISO 9001:2015 certification
• Robust Quality Maintenance System and standard operating procedures

Climate Goals & Targets

Environmental Challenges

• Macro-economic and business activity slowdown impacting industrial activity and demand
• Fluctuations in raw material prices and availability
• Stringent international environmental compliances
• Competition risk
• Technology risk

Mitigation Strategies

• Presence in multiple geographies and diverse product portfolio
• Strong focus on quality and operational excellence
• Competitive pricing and adherence to environmental norms
• Consistent investment in modernizing plants and technologies
• Better forecasting, production planning, and diverse cost control methods

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Blue 15.0 for textiles
• Blue 15.1 plastic grade
• Blue 15.4 for Publication Gravure Ink

Awards & Recognition

• Award for outstanding export performance for five consecutive years from GDMA
• Award for ‘Outstanding performance in the export of dye and dye intermediaries’ from CHEMEXCIL for four years running
• Award for ‘Excellent Export Performance’ in the ‘Export House’ category from FIEO in 2000-01
• Award for ‘Emerging SME’ across all sectors in India and ‘SMEs in the chemical and petrochemical sectors’ by Dun and Bradstreet and Fullerton India in 2008
• Award for International Trade in the Chemicals category by DHL-CNBC TV18 in 2009 and 2010-11
• Dun & Bradstreet, Vyasa bank & S.M.E. Business Excellence Award - Entrepreneurial Spirit Award Woman Entrepreneur (Mid Corporate) in 2015-2016
• Selected in Forbes Asia July 2012 edition as the Asia’s 200 Best Under A Billion Companies
• Ranked 364 by the International Business Times in 1000 fastest growing companies in the world in their list published in 2012.
• Ranked 18th Fastest Growing Company in Chemical Sector by IBT