Eternis

Mumbai, India Founded: 1988 • Age: 38 yrs Minicorn
Manufacturer of aroma chemicals and esters
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About Eternis

Eternis is a Chemicals & Materials company based in Mumbai (India) founded in 1988. Manufacturer of aroma chemicals and esters. Eternis has raised $12.3 million across 3 funding rounds from investors including The Bombay Oil. The company has 488 employees. Eternis has completed 2 acquisitions, including Sharon Personal Care and Tennants Fine Chemicals. Eternis was last valued at $108.23 million in January 2021. Its Indian entity Eternis Fine Chemicals Limited reported revenue of ₹2,598 Cr. Eternis offers products and services including Aroma Chemicals and Fragrance Ingredients. Its focus areas include Chemicals and Materials and Flavors and Fragrances.

Company details

Eternis was founded in 1988 in Mumbai, India, where aroma chemicals and esters are produced for the perfumery and flavor sectors. Fragrance solutions are provided for personal care, home care, detergents, and industrial applications. Core products include coumarin, benzyl salicylate, styrallyl acetate, cyclamen aldehyde, hexyl cinnamic aldehyde, phenyl ethyl alcohol, and similar compounds derived from fine chemicals.

  • Headquarters Mumbai, India
  • Employees 488
  • Stage Minicorn
  • Sectors
    Chemicals & Materials
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website eternis.com
  • Social LinkedIn
  • Legal Name Eternis Fine Chemicals Limited
  • Date of Incorporation 25 Feb, 1965
  • Jurisdiction Lower Parel, Mumbai, Maharashtra, India
Operational Areas
Chemicals & Materials → Chemical Preservatives & Ingredients
Key Metrics
  • Annual Revenue
    ₹2,598 Cr

    FY 2026 · +13% YoY

  • Net Loss
    -₹1.74 Cr

    FY 2026 · 0% margin

  • EBITDA
    ₹308 Cr

    FY 2026 · 12% margin

  • Total Equity Funding
    $12.3M (USD)

    in 3 rounds

  • Latest Funding Round
    $8.2M (USD), Series B

    Jan 2021

  • Employee Count
    488
  • Investments & Acquisitions
    Sharon Personal Care

    & 1 more

Products & Services of Eternis

Eternis offers a comprehensive portfolio of products and services, including Aroma Chemicals and Fragrance Ingredients.

Aroma Chemicals
Chemical Products

Aroma chemicals are manufactured for use in perfumery and delivered to global brands

Fragrance Ingredients
Specialty Chemicals

Fragrance ingredients are provided for flavors and perfumes, supporting various applications in the industry

Funding Insights of Eternis

Eternis has successfully raised a total of $12.3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $8.2 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $12.3M
  • Total Rounds 3
  • Last Round Series B — $8.2M
  • First Round $2.6M

    (Sep 2006)

  • Investors Count 1

All 3 funding rounds of Eternis with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jan 2021$8.2MSeries B$108.23MThe Bombay Oil
–
Mar 2008$1.5MSeries A$39.31MThe Bombay Oil
–
Sep 2006$2.6MSeries A$•••••The Bombay Oil
–
Valuation history
DateValuationStage
Jan 2021$108.23M••••••••
Mar 2008$39.31M••••••••
Sep 2006$•••••••••••••
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Full valuation and stage history of Eternis

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Last known valuation $108.23M (Jan 2021). 1 investors in total: 1 institutional.

Investors in Eternis

Eternis has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include The Bombay Oil.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
The Bombay Oil
Meat, fish, fruit, vegetable, and oil processing services are provided.
thebombayoil.tcc.modeMumbai, India
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Investor details for Eternis

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Board of directors of Eternis Fine Chemicals Limited (Eternis)

Eternis Fine Chemicals Limited is the primary company behind Eternis. The board of Eternis Fine Chemicals Limited currently have 9 directors; the longest-serving is Rajendra Kishore Mariwala, appointed in 1995. 13 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajendra Kishore Mariwala
DIN 00007246
Managing Director01 Apr 199531 yrs 6 moEternis Fine Chemicals Limited
Ravindra Kishore Mariwala
DIN 00032825
Director05 Apr 200026 yrs 6 moEternis Fine Chemicals Limited
Harsh Charandas Mariwala
DIN 00210342
Director21 Jul 200323 yrs 3 moEternis Fine Chemicals Limited
Anita Belani
DIN 01532511
Director05 May 201511 yrs 5 moEternis Fine Chemicals Limited
Ketan Arvind Dalal
DIN 00003236
Director09 Aug 20215 yrs 2 moEternis Fine Chemicals Limited
Chetan Dinesh Chowatia
DIN 08746064
CFO25 May 20233 yrs 4 moEternis Fine Chemicals Limited
Achim Gerhard Daub
DIN 10709079
Director21 Aug 20242 yrs 2 moEternis Fine Chemicals Limited
Vivek Anant Karve
DIN 06840707
Director14 Feb 20251 yr 8 moEternis Fine Chemicals Limited
Shailendra Arora
DIN 11144864
Whole-time director25 Jun 20251 yr 3 moEternis Fine Chemicals Limited

People of Eternis

20 people are tracked at Eternis (7 in leadership, 13 in team); the tracked headcount is 488.

NameRoleGroup
Rajen Mariwala
Managing DirectorLeadership
Dr. Satish Shewale
General ManagerLeadership
David Whitaker
Vice President NPD & Product ManagementLeadership
Chetan Chowatia
Chief Financial OfficerLeadership
Satish Pai
General Manager - Information TechnologyLeadership
Bimal Soni
Head Of SourcingLeadership
Kedar Sule
Director Of Product ManagementLeadership
Sagar Ghogare
Assistant ManagerTeam
Samadhan Gaikwad
Production OfficerTeam
Santosh Karnik
Senior Manager - CommercialTeam
Mahesh Takmoge
QA & QC OfficerTeam
Ajay Bhat
Senior Manager Quality AssuranceTeam
Suhas Paradkar
Corporate Human Resources ManagerTeam
Nanasaheb Chavan
Production ExecutiveTeam
Jayesh Dalvi
Senior Manager ITTeam
Narendra Gavali
Executive - ScaleupTeam
Amruta Sambhoo
Manager Corporate HR - Coe Talent Management & HR DigitisationTeam
Amitkumar Shinde
Procurement OfficerTeam
Chinmay Mhatre
Assistant Manager R&dTeam
Amrut Kumbhar
Quality Assurance Officer With 11.5 Years Exp.in Chemical FieldTeam
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Financials of Eternis

Figures of Eternis Fine Chemicals Limited, the primary company behind Eternis, for FY 2026. Revenue was ₹2,598 Cr (+13% year on year). Net loss was -₹1.74 Cr (0% margin). EBITDA was ₹308 Cr (12% margin). Revenue has grown at a compounded annual rate of +8% over three years and +19% over five years.

  • ₹2,598 CrRevenue · FY 2026 · +13% YoY
  • -₹1.74 CrNet loss · 0% margin
  • ₹308 CrEBITDA · 12% margin
  • ₹12.5 LakhPaid-up capital
  • 488Employees (provident fund records)
  • +8%Revenue CAGR, 3 years
  • +19%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Eternis Fine Chemicals Limited are on its company page.

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Detailed financial statements for Eternis

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Investments & Acquisitions by Eternis

Eternis has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Sharon Personal Care and Tennants Fine Chemicals.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Sharon Personal Care
Personal care products are branded and distributed by Sharon.
sharonpc.comTel Aviv, Israel1977Dec 2024••••
Tennants Fine Chemicals
Liquid chemicals are supplied by Tennants Fine Chemicals from Leek.
tennantsfinechemicals.co.ukLeek, United Kingdom0Feb 2021••••
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Complete acquisition details for Eternis

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Timeline of Eternis

6 dated milestones of Eternis across 36 years, from founding to its latest funding, stage changes and deals.

  1. Founded Eternis is founded.
  2. Funding First funding round of $2.6M.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series B, of $8.2M.
  5. Acquisition Acquires Tennants Fine Chemicals.
  6. Acquisition Acquires Sharon Personal Care.

Web traffic of Eternis

The website of Eternis (eternis.com) receives about 4K visits a month.

  • Monthly visits
    4K

    ▼ 65.9% vs previous month

Top companies in Chemical Preservatives & Ingredients

3 companies that operate in the same segment as Eternis (Chemical Preservatives & Ingredients) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Privi
Manufacturer of aroma and fragrance chemicals
1992Mumbai, Maharashtra, IndiaUSD 18.56 MUSD 272.53 M1,150
Mangalam Organics
Pine chemicals, synthetic resins, and camphor products are manufactured.
1996Mumbai, Maharashtra, IndiaUSD 64.8 M349
Keva
Keva is recognized as a leading fragrance and flavor manufacturer.
1922Mumbai, Maharashtra, IndiaUSD 44 MUSD 252.17 M635
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Related news about Eternis

HSA, Majmudar act on $15m purchase by Eternis Fine Chemicals of AIMS Impex
Legally India • 7 years ago
Comprehensive Documentation of Global Perfume Ingredient Chemicals Market (2018-2025)
Bitzarena • 8 years ago
Eternis buys Sanwals’ fragrance firm AIMS Impex; peek at deal valuation
VCCircle • 8 years ago
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Frequently Asked Questions about Eternis

Eternis was founded in 1988 and raised its 1st funding round 18 years after it was founded.

Eternis is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Eternis is a funded company, having raised a total of $12.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.6M, raised on Sep 2006.

Eternis has 488 employees.

The primary company behind Eternis, Eternis Fine Chemicals Limited, reported revenue of ₹2,598 Cr for FY 2026, up 13% year on year.

Eternis was founded in 1988 in Mumbai, India, where aroma chemicals and esters are produced for the perfumery and flavor sectors. Fragrance solutions are provided for personal care, home care, detergents, and industrial applications. Core products include coumarin, benzyl salicylate, styrallyl acetate, cyclamen aldehyde, hexyl cinnamic aldehyde, phenyl ethyl alcohol, and similar compounds derived from fine chemicals.

Eternis offers Aroma Chemicals and Fragrance Ingredients.

Eternis has made 2 acquisitions, including Sharon Personal Care, and Tennants Fine Chemicals.

Eternis has 1 investor. Key investors include The Bombay Oil.

The valuation of Eternis is $108.23M as of Jan 2021.

Eternis operates through Eternis Fine Chemicals Limited.

The legal entities of Eternis currently have 10 directors, including Chetan Dinesh Chowatia, Rajendra Kishore Mariwala, Anita Belani and others.

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