Indo Amines

Thane, India Founded: 1994 • Age: 32 yrs Listed
Aliphatic and aromatic amines are manufactured by Indo Amines.

About Indo Amines

Indo Amines is a publicly listed company based in Thane (India) founded in 1994. Aliphatic and aromatic amines are manufactured by Indo Amines. The company has 609 employees. Indo Amines has completed 1 acquisition, including Key Organics. Its chief executive, as recorded, is Vijay Palkar. Its Indian entity Indo Amines Limited reported revenue of β‚Ή1,188 Cr. Indo Amines offers products and services including Fine Chemicals and Specialty Chemicals. Its focus areas include Chemicals and Materials and Flavors and Fragrances.

Company details

Indo Amines was established in 1994 in Thane, India, within the chemical sector. Aliphatic and aromatic amines are produced by the company as its primary operations. Focus is placed on manufacturing these compounds for various industrial applications. Leadership is provided by CEO and MD Vijay Palkar. Activities are centered in India, supporting the specialty chemicals domain through consistent production processes.

Key Metrics
  • Market Cap
    ₹834 Cr

    INDOAMIN · NSE

  • Share Price
    ₹115.89

    +0.81% today

  • Revenue
    ₹1,160 Cr

    FY 2025-26 · +7.5% YoY

  • EBITDA
    ₹123 Cr

    Margin 10.6%

  • Net Profit
    ₹79.32 Cr

    FY 2025-26 · +43.5% YoY

  • P/E (TTM)
    10.9x

    P/B 2.3x

  • Employee Count
    609
  • Investments & Acquisitions

Products & Services of Indo Amines

Indo Amines offers a comprehensive portfolio of products and services, including Fine Chemicals and Specialty Chemicals.

Fine Chemicals
Chemical Products

Fine chemicals are manufactured for applications in pharmaceuticals and other sectors

Specialty Chemicals
Chemical Products

Specialty chemicals are produced for use in agrochemicals and performance industries

Apps and channels of Indo Amines

its YouTube channel Indo Amines has 59 subscribers and 2 videos.

Indo Amines
YouTube 59 subscribers 2 videos News & Politics
Open channel

Videos from Indo Amines

The most watched videos on Indo Amines's YouTube channel, Indo Amines (59 subscribers). Click a video to play it here.

Interview with MD - Indo Amines Limited
4K views
Interview with Mr Vijay Palkar
1.4K views

More on Indo Amines.

Board of directors of Indo Amines Limited (Indo Amines)

Indo Amines Limited is the primary company behind Indo Amines. The board of Indo Amines Limited currently have 17 directors; the longest-serving is Rahul Vijay Palkar, appointed in 1994. 24 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rahul Vijay Palkar
DIN 00325590
Managing Director19 Feb 199432 yrs 8 moIndo Amines Limited
Vijay Bhalchandra Palkar
DIN 00136027
Managing Director01 Apr 200818 yrs 7 moIndo Amines Limited
Tripti Mahesh Sharma
DIN 09570188
Company Secretary15 Feb 201610 yrs 8 moIndo Amines Limited
Satish Madhukar Chitale
DIN 08149259
Director30 May 20188 yrs 5 moIndo Amines Limited
Jayaprakash Anand Shetty
DIN 07980763
Whole-time director25 Sep 20188 yrs 1 moIndo Amines Limited
Bharati Vijay Palkar
DIN 00136185
Whole-time director20 Jul 20206 yrs 3 moIndo Amines Limited
Adhikrao Abaji Shingade
DIN 09219226
Whole-time director28 Jun 20215 yrs 4 moIndo Amines Limited
Pradeep Hari Thakur
DIN 00685992
Director25 Feb 20224 yrs 8 moIndo Amines Limited
Rohan Rajeev Deshpande
DIN 09520645
Director25 Feb 20224 yrs 8 moIndo Amines Limited
Ajay Marathe
DIN 09522762
Director28 Feb 20224 yrs 8 moIndo Amines Limited
Vijay Yeshwant Sane
DIN 10153927
Director09 May 20233 yrs 6 moIndo Amines Limited
Avinash Krishna Aphale
DIN 10167429
Director18 May 20233 yrs 5 moIndo Amines Limited
Dhawal Jitendra Vora
DIN 00130115
Director10 Aug 20233 yrs 3 moIndo Amines Limited
Suniti Sagar Thombre
DIN 09518356
CFO10 Nov 20232 yrs 11 moIndo Amines Limited
Saji Jose
DIN 10650311
Whole-time director01 Jun 20242 yrs 5 moIndo Amines Limited
Tejaswini Shirish Dalvi
DIN 11127538
Director29 May 20251 yr 5 moIndo Amines Limited
Rahul Sharad Chitnis
DIN 06634770
Additional Director15 Jul 20263 moIndo Amines Limited

People of Indo Amines

12 people are tracked at Indo Amines (9 in leadership, 3 in team); the tracked headcount is 609.

NameRoleGroup
CEO & MDLeadership
Joint Managing DirectorLeadership
Vijay Naik
Executive DirectorLeadership
Amol Bhopte
Deputy General ManagerLeadership
Non-executive DirectorLeadership
Executive DirectorLeadership
Deepak Kanekar
Chairman & Non-executive DirectorLeadership
Executive DirectorLeadership
Prasad Taranekar
Vice President Sales MarketingLeadership
Hemant Mistry
Senior Production ExecutiveTeam
Ashwin Vs
Senior Business Development ExecutiveTeam
Swapnil Hande
Manager Maintenance And ProjectTeam
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Complete people profiles for Indo Amines

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  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Indo Amines

Indo Amines is a publicly listed company on the NSE with ticker symbol INDOAMIN in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Apr 2022
  • Listed onNSE: INDOAMIN
  • Listed entityIndo Amines Limited
  • Exchange sectorProcess industries
  • ISININE760F01028
  • Share price₹152.30 (-1.56% on the day) · 2026-10-14
  • Market capitalisation₹1,122 Cr
  • Price to earnings13.6
  • EPS (diluted, trailing year)₹11.19
  • Dividend yield0.32%
  • Volume (last session)207,354

Financials of Indo Amines

Exchange-reported figures of Indo Amines Limited, the listed company behind Indo Amines (NSE: INDOAMIN).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,160 Cr
+7.5% YoY
EBITDA
₹123 Cr
+21.4% YoY
Profit After Tax
₹79.32 Cr
+43.5% YoY
Net Worth
₹392 Cr
+23.8% YoY
Total Assets
₹707 Cr
+16.8% YoY
Total Debt
₹311 Cr
+9.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1601,079943945786541479
Revenue growth+7.5%+14.3%-0.2%+20.2%+45.4%+12.9%-
EBITDA12310180.1087.1252.2261.3342.14
EBITDA margin+10.6%+9.4%+8.5%+9.2%+6.6%+11.4%+8.8%
Profit before tax10676.9658.2756.8034.5248.9918.34
Net profit79.3255.2741.0240.4222.7737.4212.80
Net profit margin+6.8%+5.1%+4.4%+4.3%+2.9%+6.9%+2.7%
EPS (β‚Ή)10.797.615.895.723.2310.643.84
Balance sheet
Total assets707605483459397323280
Net worth392317264225188163135
Total debt311284217232207159143
Cash & bank22.2315.1520.5118.2623.6915.169.76
Net working capital347296248237183134130
Cash flow
Cash from operations78.8035.4069.8920.3615.4656.1838.75
Cash from investing(70.56)(82.36)(26.76)(29.83)(38.84)(49.66)(36.05)
Cash from financing(1.16)41.60(40.87)4.0331.92(1.12)(2.67)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue375318277277288285259269
Revenue growth (YoY)+30.3%+11.3%+7.2%+2.9%+8.6%---
Other income1.445.902.244.9115.520.282.395.29
EBITDA52.8034.2325.2631.9731.3224.8124.4124.03
EBITDA margin+14.1%+10.8%+9.1%+11.5%+10.9%+8.7%+9.4%+8.9%
Depreciation6.325.795.405.235.084.184.344.34
Interest6.255.665.826.066.205.675.705.56
Profit before tax41.6728.6816.2825.5935.5615.2416.7619.42
Tax10.938.174.427.486.713.395.465.63
Net profit30.7420.5111.8618.1128.8511.8511.3013.79
EPS (β‚Ή)4.192.731.622.503.941.681.551.91
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1181,057925922780539472
Revenue growth+5.8%+14.2%+0.3%+18.2%+44.7%+14.2%-
EBITDA12110581.1883.1352.5956.0842.36
EBITDA margin+10.8%+10.0%+8.8%+9.0%+6.7%+10.4%+9.0%
Profit before tax10581.8859.5452.6335.1843.0718.67
Net profit79.7761.4142.8038.0024.8732.8013.77
Net profit margin+7.1%+5.8%+4.6%+4.1%+3.2%+6.1%+2.9%
EPS (β‚Ή)10.858.466.135.373.529.334.14
Balance sheet
Total assets699599471449391320277
Net worth390315258217183161132
Total debt306280212230206158142
Cash & bank16.1612.2514.6213.2318.9211.125.34
Net working capital347297242231180132128
Cash flow
Cash from operations73.1338.6369.4619.17(7.43)53.2737.48
Cash from investing(68.50)(83.92)(24.59)(28.06)(36.17)(49.89)(35.04)
Cash from financing(0.72)42.91(43.74)3.2051.402.40(3.65)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue367311269267271278256268
Revenue growth (YoY)+35.6%+11.7%+4.8%-0.4%+7.1%---
Other income1.445.822.314.7615.560.422.265.26
Total expenses315277243233244255227242
EBITDA51.8333.9625.7434.1327.3623.5829.2025.99
EBITDA margin+14.1%+10.9%+9.6%+12.8%+10.1%+8.5%+11.4%+9.7%
Depreciation6.145.655.275.104.964.064.254.20
Interest6.095.535.685.926.065.565.515.41
Profit before tax41.0428.6017.1027.8731.9014.3821.7021.64
Tax10.417.824.247.256.423.395.385.51

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue375318277277288285259269
Revenue growth (YoY)+30.3%+11.3%+7.2%+2.9%+8.6%---
Other income1.445.902.244.9115.520.282.395.29
EBITDA52.8034.2325.2631.9731.3224.8124.4124.03
EBITDA margin+14.1%+10.8%+9.1%+11.5%+10.9%+8.7%+9.4%+8.9%
Depreciation6.325.795.405.235.084.184.344.34
Interest6.255.665.826.066.205.675.705.56
Profit before tax41.6728.6816.2825.5935.5615.2416.7619.42
Tax10.938.174.427.486.713.395.465.63
Net profit30.7420.5111.8618.1128.8511.8511.3013.79
EPS (β‚Ή)4.192.731.622.503.941.681.551.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1601,079943945786541479
Revenue growth+7.5%+14.3%-0.2%+20.2%+45.4%+12.9%-
Other income28.5715.1515.704.2310.368.066.58
Total expenses1,037978863858734479437
Employee cost0.0050.6039.6132.6227.5723.8723.82
EBITDA12310180.1087.1252.2261.3342.14
EBITDA margin+10.6%+9.4%+8.5%+9.2%+6.6%+11.4%+8.8%
Depreciation21.4917.0415.2717.3114.0911.1819.52
Interest23.7422.3022.2617.2413.979.2210.86
Profit before tax10676.9658.2756.8034.5248.9918.34
Tax26.7921.0515.2915.9111.4711.455.52
Net profit79.3255.2741.0240.4222.7737.4212.80
Net profit margin+6.8%+5.1%+4.4%+4.3%+2.9%+6.9%+2.7%
EPS (β‚Ή)10.797.615.895.723.2310.643.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital36.2936.2936.2935.3535.3535.3533.35
Reserves & surplus35628122819015212799.51
Shareholders' funds (net worth)392317264225188163135
Minority interest1.430.650.240.440.21(0.37)(0.56)
Secured loans305283217232207159142
Unsecured loans5.861.850.010.000.620.060.75
Total debt311284217232207159143
Total liabilities707605483459397323280
Assets
Gross block514436383357324253234
Net block325265209198182125117
Capital work in progress31.3035.0922.5820.5022.4654.2723.73
Investments2.722.872.350.360.090.090.09
Inventories17814011413612387.8481.78
Sundry debtors28225521818716713195.77
Cash & bank balances22.2315.1520.5118.2623.6915.169.76
Loans & advances46.4253.0441.9631.1726.7130.2124.01
Total current assets528463394373340265211
Total current liabilities18116714613515813081.19
Net working capital347296248237183134130
Total assets707605483459397323280
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash15.1520.5118.2623.6915.169.769.74
Net cash from operating activities78.8035.4069.8920.3615.4656.1838.75
Net cash from investing activities(70.56)(82.36)(26.76)(29.83)(38.84)(49.66)(36.05)
Net cash from financing activities(1.16)41.60(40.87)4.0331.92(1.12)(2.67)
Net change in cash7.08(5.36)2.26(5.44)8.535.400.03
Closing cash22.2315.1520.5118.2623.6915.169.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.5%+14.3%-0.2%+20.2%+45.4%+12.9%-
EBITDA growth+21.4%+26.3%-8.1%+66.8%-14.9%+45.5%-
PBT growth+37.9%+32.1%+2.6%+64.5%-29.5%+167.1%-51.7%
Net income growth+43.5%+34.7%+1.5%+77.5%-39.2%+192.3%-
Revenue CAGR (3Y)+7.1%+11.1%+20.4%+25.4%+14.2%+15.0%+18.9%
EBITDA CAGR (3Y)+12.1%+24.7%+9.3%+27.4%-1.9%+14.5%+5.5%
Profitability & leverage
Net income margin+6.8%+5.2%+4.6%+4.3%+2.9%+7.0%+2.7%
Return on capital employed-+18.3%+17.1%+17.4%+13.5%+19.4%+10.9%
Return on net worth-+19.2%+17.6%+19.9%+13.3%+25.5%+10.0%
Debt / equity-0.860.921.071.051.031.07
Long-term debt / equity-0.240.240.270.300.300.24
Interest cover23.4426.5134.3424.7036.6418.3848.01
Efficiency & per share
Fixed asset turnover-2.642.562.792.732.232.15
Inventory turnover-8.507.567.327.476.376.48
Debtors turnover-4.574.665.335.264.764.59
EPS (β‚Ή)10.797.615.895.723.2310.643.84
Dividend per share (β‚Ή)0.500.500.500.500.501.101.00
Book value per share (β‚Ή)0.0043.6536.4131.6826.3245.6739.42
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue367311269267271278256268
Revenue growth (YoY)+35.6%+11.7%+4.8%-0.4%+7.1%---
Other income1.445.822.314.7615.560.422.265.26
Total expenses315277243233244255227242
EBITDA51.8333.9625.7434.1327.3623.5829.2025.99
EBITDA margin+14.1%+10.9%+9.6%+12.8%+10.1%+8.5%+11.4%+9.7%
Depreciation6.145.655.275.104.964.064.254.20
Interest6.095.535.685.926.065.565.515.41
Profit before tax41.0428.6017.1027.8731.9014.3821.7021.64
Tax10.417.824.247.256.423.395.385.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1181,057925922780539472
Revenue growth+5.8%+14.2%+0.3%+18.2%+44.7%+14.2%-
Other income28.4514.8615.053.6310.287.116.39
Total expenses997951844839728483430
Employee cost0.0044.5336.4431.8326.9723.4523.40
EBITDA12110581.1883.1352.5956.0842.36
EBITDA margin+10.8%+10.0%+8.8%+9.0%+6.7%+10.4%+9.0%
Depreciation20.9716.5714.9917.1213.9611.0619.43
Interest23.1921.7021.7017.0113.739.0610.65
Profit before tax10581.8859.5452.6335.1843.0718.67
Tax25.7220.4815.0414.6110.2710.094.89
Net profit79.7761.4142.8038.0024.8732.8013.77
Net profit margin+7.1%+5.8%+4.6%+4.1%+3.2%+6.1%+2.9%
EPS (β‚Ή)10.858.466.135.373.529.334.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital36.2936.2936.2935.3535.3535.3533.35
Reserves & surplus35427922118214812597.10
Shareholders' funds (net worth)390315258217183161132
Secured loans300278212230206156142
Unsecured loans5.861.850.010.000.002.930.00
Total debt306280212230206158142
Total liabilities699599471449391320277
Assets
Gross block503428377352322251232
Net block315257203194180123115
Capital work in progress29.9832.2719.3017.5419.6753.7023.73
Investments5.405.595.063.072.812.811.13
Inventories15211999.1111498.0177.2176.10
Sundry debtors307276222202185133107
Cash & bank balances16.1612.2514.6213.2318.9211.125.34
Loans & advances38.9444.9145.3132.8124.6931.3727.17
Total current assets514452381362327253216
Total current liabilities16615514013214612188.29
Net working capital347297242231180132128
Total assets699599471449391320277
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12.2514.6213.4918.9211.125.346.54
Net cash from operating activities73.1338.6369.4619.17(7.43)53.2737.48
Net cash from investing activities(68.50)(83.92)(24.59)(28.06)(36.17)(49.89)(35.04)
Net cash from financing activities(0.72)42.91(43.74)3.2051.402.40(3.65)
Net change in cash3.91(2.37)1.13(5.68)7.805.78(1.20)
Closing cash16.1612.2514.6213.2318.9211.125.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.8%+14.2%+0.3%+18.2%+44.7%+14.2%-
EBITDA growth+15.1%+29.7%-2.4%+58.1%-6.2%+32.4%-
PBT growth+28.8%+37.5%+13.1%+49.6%-18.3%+130.7%-48.7%
Net income growth+29.9%+43.5%+12.6%+52.8%-24.2%+138.2%-
Revenue CAGR (3Y)+6.6%+10.6%+19.7%+25.0%+14.0%+15.8%+19.4%
EBITDA CAGR (3Y)+13.4%+26.0%+13.1%+25.2%-0.6%+13.1%+7.6%
Profitability & leverage
Net income margin+7.1%+5.8%+4.8%+4.1%+3.2%+6.1%+2.9%
Return on capital employed-+19.4%+17.7%+16.6%+13.8%+17.5%+11.1%
Return on net worth-+21.5%+18.8%+19.1%+14.6%+22.7%+10.9%
Debt / equity-0.860.931.101.071.031.08
Long-term debt / equity-0.230.240.270.300.300.24
Interest cover23.1424.4632.7825.7735.5420.1246.45
Efficiency & per share
Fixed asset turnover-2.632.542.752.742.252.13
Inventory turnover-9.688.688.698.917.046.83
Debtors turnover-4.244.364.764.904.494.21
EPS (β‚Ή)10.858.466.135.373.529.334.14
Dividend per share (β‚Ή)0.500.500.500.500.501.101.00
Book value per share (β‚Ή)0.0043.4235.4530.5425.6945.0838.70

Investments & Acquisitions by Indo Amines

Indo Amines has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Key Organics.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Crop protection emulsifiers and polymer additives are manufactured.
keyorganics.inMumbai, India1989Oct 2013$69.92M
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Timeline of Indo Amines

3 dated milestones of Indo Amines across 28 years, from founding to its latest funding, stage changes and deals.

  1. Founded Indo Amines is founded.
  2. Acquisition Acquires Key Organics.
  3. IPO Lists on the stock exchange (IPO).

Web traffic of Indo Amines

The website of Indo Amines (indoaminesltd.com) receives about 2.4K visits a month.

  • Monthly visits
    2.4K

    ▼ 26.2% vs previous month

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Top companies in Chemical Preservatives & Ingredients

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

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manufacturer of aroma and fragrance chemicals
1992Mumbai, Maharashtra, IndiaUSD 18.56 MUSD 272.53 M281
Manufacturer of aroma chemicals and esters
1988Mumbai, Maharashtra, IndiaUSD 12.3 MUSD 303.51 M509
Pine chemicals, synthetic resins, and camphor products are manufactured.
1996Mumbai, Maharashtra, IndiaUSD 64.8 M248
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Related news about Indo Amines

INDOAMIN: Q2 REVENUE 3.85B RUPEES VS 2.8B (YOY)
Exchange Update β€’ 3 days ago
INDOAMIN: Q2 CONS NET PROFIT 86M RUPEES VS 181M (YOY)
Exchange Update β€’ 3 days ago
INDOAMIN: Q2 EBITDA 211M RUPEES VS 320M (YOY); Q2 EBITDA MARGIN 5.47% VS 11.54% (YOY)
Exchange Update β€’ 3 days ago
Indo Amines: Gets Conditional Go-Ahead to Restart Mahad Operations, Excluding TBU Production, Dependent on Following MPCB Rules.
Exchange Update β€’ 23 days ago
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Frequently Asked Questions about Indo Amines

Indo Amines was founded in 1994.

Indo Amines is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.

Vijay Palkar is the CEO of Indo Amines, as recorded in our data.

Indo Amines has 609 employees.

The primary company behind Indo Amines, Indo Amines Limited, reported revenue of β‚Ή1,188 Cr for FY 2026, up 8% year on year.

Indo Amines was established in 1994 in Thane, India, within the chemical sector. Aliphatic and aromatic amines are produced by the company as its primary operations. Focus is placed on manufacturing these compounds for various industrial applications. Leadership is provided by CEO and MD Vijay Palkar. Activities are centered in India, supporting the specialty chemicals domain through consistent production processes.

Indo Amines offers Fine Chemicals and Specialty Chemicals.

Yes, Indo Amines is publicly traded on NSE under the ticker symbol INDOAMIN.

Indo Amines has made 1 acquisition, including Key Organics.

Indo Amines operates through Indo Amines Limited.

The legal entities of Indo Amines currently have 18 directors, including Rahul Sharad Chitnis, Suniti Sagar Thombre, Satish Madhukar Chitale and others.

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