About Harmony Organics
Harmony Organics is a Chemicals & Materials company based in Pune (India) founded in 2003 by Ravi Nangia. Harmony Organics is recognized as a leading manufacturer of aroma chemicals for fragrance and flavor industries. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. Harmony Organics has raised $27.21 million across 1 funding round from investors including Piramal Group. The company has 112 employees. Its chief executive, as recorded, is Ravi Nangia. Its Indian entity Harmony Organics Private Limited reported revenue of ₹316 Cr. Harmony Organics offers products and services including Phenyl Ethyl Alcohol, Styrene Oxide, Phenyl Acetate, Styrallyl Acetate, and Cinnamic Aldehyde. Its focus areas include Chemicals, Specialty Chemicals and Aroma Chemicals.
Company details
Harmony Organics is established as a prominent manufacturer of aroma chemicals, primarily serving the fragrance and flavor industries. The company is based in Pune, India, with a manufacturing facility in Kurkumbh. Its flagship product, Phenyl Ethyl Alcohol, is produced with a capacity of 12,000 metric tonnes per annum and meets global quality standards for food and flavor applications. Additionally, Styrene Oxide is manufactured as a key intermediate for pharmaceutical APIs. Emphasis is placed on sustainability, green chemistry, and research and development to innovate and expand product offerings. Collaboration with premier institutions in India is maintained to integrate advanced chemistry and chemical engineering into manufacturing processes. The vision is to be among the top three globally in at least one product segment while ensuring environmental responsibility and operational excellence.
- Headquarters Pune, India
- Employees 112
- Founders Ravi Nangia
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website harmonyorganics.in
- Social LinkedIn
- Legal Name Harmony Organics Private Limited
- Date of Incorporation 30 May, 2003
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹316 Cr
FY 2025 · +11% YoY
- Net Profit₹23.52 Cr
FY 2025 · 8% margin
- EBITDA₹67.13 Cr
FY 2025 · 22% margin
- Total Equity Funding$27.21M (USD)
in 1 rounds
- Latest Funding Round$27.21M (USD), Series B
Aug 2023
- Investors
- Employee Count112
Associated legal entities of Harmony Organics
Harmony Organics operates through Harmony Organics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Harmony Organics Private Limited CIN U24110PN2003PTC200427 | Active | 30 May 2003 | Pune, Maharashtra | ₹316 Cr | 112 | 5 | View details |
Products & Services of Harmony Organics
Harmony Organics offers a comprehensive portfolio of products and services, including Phenyl Ethyl Alcohol, Styrene Oxide, Phenyl Acetate, Styrallyl Acetate, and Cinnamic Aldehyde.
Used in fragrance and flavor industries globally.
Critical intermediate for pharmaceutical APIs production.
Utilized in fragrance formulations for various applications.
Employed in creating scents for consumer products.
Applied in flavor and fragrance industry sectors.
Funding Insights of Harmony Organics
Harmony Organics has successfully raised a total of $27.21M through 1 strategic funding round. The most recent funding activity was a Series B round of $27.21 million completed in August 2023. 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 $27.21M
- Total Rounds 1
- Last Round Series B — $27.21M
- First Round $27.21M
(Aug 2023)
- Investors Count 1
All 1 funding rounds of Harmony Organics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $27.21M | Series B | – | – |
1 investors in total: 1 institutional.
Investors in Harmony Organics
Harmony Organics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Piramal Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | 1984 | piramal.com | Mumbai, India |
Investor details for Harmony Organics
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Board of directors of Harmony Organics Private Limited (Harmony Organics)
Harmony Organics Private Limited is the primary company behind Harmony Organics. The board of Harmony Organics Private Limited currently have 5 directors; the longest-serving is Ravikumar Chamanlal Nangia, appointed in 2003. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravikumar Chamanlal Nangia DIN 00324236 | Director | 30 May 2003 | 23 yrs 5 mo | Harmony Organics Private Limited |
| Jai Nangia DIN 07521658 | Director | 20 May 2016 | 10 yrs 5 mo | Harmony Organics Private Limited |
| Sanjay Sahadeo Salunkhe DIN 00323960 | Whole-time director | 04 May 2017 | 9 yrs 6 mo | Harmony Organics Private Limited |
| Sandeepkumar Abhaykumar Mehta DIN 06716521 | Managing Director | 26 Dec 2022 | 3 yrs 10 mo | Harmony Organics Private Limited |
| Abhishek Jain DIN 10948377 | Nominee Director | 29 May 2025 | 1 yr 5 mo | Harmony Organics Private Limited |
People of Harmony Organics
1 people are tracked at Harmony Organics (1 in leadership); the tracked headcount is 112.
| Name | Role | Group |
|---|---|---|
Ravi Nangia | Founder & CEO | Leadership |
Complete people profiles for Harmony Organics
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Financials of Harmony Organics
Figures of Harmony Organics Private Limited, the primary company behind Harmony Organics, for FY 2025. Revenue was ₹316 Cr (+11% year on year). Net profit was ₹23.52 Cr (8% margin). EBITDA was ₹67.13 Cr (22% margin). Revenue has grown at a compounded annual rate of +28% over three years and +37% over five years.
- ₹316 CrRevenue · FY 2025 · +11% YoY
- ₹23.52 CrNet profit · 8% margin
- ₹67.13 CrEBITDA · 22% margin
- ₹4.75 CrPaid-up capital
- 112Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Harmony Organics Private Limited are on its company page.
Detailed financial statements for Harmony Organics
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Harmony Organics
2 dated milestones of Harmony Organics across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Harmony Organics is founded.
- Funding First funding round of $27.2M.
Top companies in Core & Diversified Chemicals
3 companies that operate in the same segment as Harmony Organics (Core & Diversified Chemicals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate | 1979 | Pune, Maharashtra, India | USD 1.21 B | 1,020 | ||
Specialty chemicals are manufactured through integrated R&D and production processes. | 2023 | Bengaluru, Karnataka, India | USD 72.97 M | USD 23.86 M | ||
Manufactures coal tar and basic industrial chemicals. | 1987 | Kolkata, West Bengal, India | USD 24 M | USD 515.01 M | 1,161 |
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Frequently Asked Questions about Harmony Organics
Harmony Organics was founded in 2003 and raised its 1st funding round 20 years after it was founded.
Harmony Organics is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ravi Nangia is the CEO of Harmony Organics, as recorded in our data. They have also founded this company.
Harmony Organics is a funded company, having raised a total of $27.21M across 1 funding round to date. The company's 1st funding round was a Series B of $27.21M, raised on Aug 2023.
Harmony Organics has 112 employees.
The primary company behind Harmony Organics, Harmony Organics Private Limited, reported revenue of ₹316 Cr for FY 2025, up 11% year on year.
Harmony Organics is established as a prominent manufacturer of aroma chemicals, primarily serving the fragrance and flavor industries. The company is based in Pune, India, with a manufacturing facility in Kurkumbh. Its flagship product, Phenyl Ethyl Alcohol, is produced with a capacity of 12,000 metric tonnes per annum and meets global quality standards for food and flavor applications. Additionally, Styrene Oxide is manufactured as a key intermediate for pharmaceutical APIs. Emphasis is placed on sustainability, green chemistry, and research and development to innovate and expand product offerings. Collaboration with premier institutions in India is maintained to integrate advanced chemistry and chemical engineering into manufacturing processes. The vision is to be among the top three globally in at least one product segment while ensuring environmental responsibility and operational excellence.
Harmony Organics offers Phenyl Ethyl Alcohol, Styrene Oxide, Phenyl Acetate, Styrallyl Acetate, and Cinnamic Aldehyde.
Harmony Organics has 1 investor. Key investors include Piramal Group.
Harmony Organics operates through Harmony Organics Private Limited.
The legal entities of Harmony Organics currently have 5 directors, including Jai Nangia, Sandeepkumar Abhaykumar Mehta, Ravikumar Chamanlal Nangia and others.