Acutaas Chemicals Ltd. Company History and Annual Growth Details

The Company was initially formed as a partnership firm under the Partnership Act, 1932 as “Ami Organics” with effect from January 3, 2004 at Surat, Gujarat, India pursuant to a deed of partnership dated January 3, 2004 executed amongst the Promoters, along with others, as partners. The firm converted into a private limited company under the Companies Act 1956, under the name of “Ami Organics Private Limited” with a certificate of incorporation dated June 12, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the Company was converted into a public limited company, following which the Company’s name was changed to “Ami Organics Limited”, and a fresh certificate of incorporation was issued by the RoC on April 18, 2018.

Major events and milestones of the Company :

2004

- Formation of partnership firm in the name of “Ami Organics”

2007

- Ami Organics changed its constitution into Ami Organics Private Limited

2011

- Implemented the Integrated Management System (IMS)

2015

- Achieved turnover of Rs. 1,000 million

- Incorporated Ami Onco-Theranostics, LLC in USA along with Photolitec LLC

2016

- Established a tertiary effluent treatment plant to become zero liquid discharge plant

- Received recognition from the Department of Scientific and Industrial Research for the in-house research and development (“R&D”) unit.

2017

- Increased warehouse capacity by establishing a warehouse equipped with modern infrastructure including fire and safety and having a storage capacity of 1050 metric ton (“MT”) of raw material

- Achieved turnover of Rs. 1,500 million

- Applied for process patents for five products in India

2018

- Completed assessment of and established a good manufacturing practice (GMP) compliant facility at the production site and warehouse in Surat, Gujarat.

- Applied for process patents for three additional products in India

- Converted Ami Organics Private Limited into a public limited company, Ami Organics Limited

- Received first establishment inspection report (“EIR”) from the United States Food and Drug Administration (“USFDA”)

2020

- Received second EIR from USFDA for the manufacturing facility at Surat, Gujarat

- Commencement of a new research and development laboratory at Sachin, Surat, Gujarat

- Commencement of the new solvent recovery plant at Sachin, Surat, Gujarat

2021

- Acquisition of the Ankleshwar and Jhagadia units from Gujarat Organics Limited

- Applied for process patents for three additional products in India