Leading from the front, compact management structure, commitment to quality,
adoption of
latest technologies & revolutionary employee engagement policies have been the
foundation
of our continuous success.
Making way from Punjab to become one of the most trusted brands in agro-chemical
companies, Safex has expanded many folds. We have increased our turnover 13 times
and
operating profit 17 times in the last 10 years. Yet, we continue to grow while
embracing
new challenges, expanding boundaries and creating new opportunities.
With business spanning 17 states, Safex today is a 500+ crore company having a
dealer
count of more than 10,000 providing employment to 1000+ members. Hence, Safex is a
pioneer
at implementing management principles with utmost sincerity to get the best possible
outcomes.
At the core of our progress is our motto: Let’s fly together
ChrysCapital
Established in 1999, ChrysCapital is a leading India focused investment firm,
managing
approximately $4 billion across eight funds. With over 90 investments since 1999,
the
group has valuable experience investing across a breadth of sectors. ChrysCapital
has
developed a strong track record, delivering over $5.5 billion from over 70 exits.
The
ChrysCapital funds are ranked in the top decile of global private equity funds of
similar
vintage. ChrysCapital VIII, LLC is the eighth fund of the group that was raised in
late
2018 with a corpus of over $850 million.
ChrysCapital believes that partnerships with excellent management teams in
attractive
sectors are the foundation of successful private equity investing. The integrity and
execution capability of management are the two most important factors in the
evaluation of
an investment opportunity. Our aim is to be a trustworthy financial partner and a
stable
long-term investor leveraging our deep relationships in the industry.
One of the factors that differentiates ChrysCapital is the ability to scout and help
its
portfolio companies think through M&A targets. ChrysCapital played an instrumental
role in
Intas’ $770 mn acquisition of Actavis UK / Ireland. ChrysCapital got Intas into the
acquisition process, leveraged industry expertise and relationship with founders to
convince them to pursue the acquisition and eventually helped win the deal for
Intas. This
was the 2nd largest outbound acquisition by an Indian pharma company and propelled
them to
become the second largest generics player in the UK.
Another differentiating factor is ChrysCapital’s industry leading track record,
amongst
private equity peers, of assisting portfolio companies to go public through an IPO –
ChrysCapital has taken 10 companies public such as AU Small Finance Bank, Eris
Lifesciences, Redington, M&M Financial Services, to name a few, and has provided
valuable
inputs to each of these in their IPO journey as well as in their new life as a
publicly-listed company.
Boards of Directors
S K Chaudhary
Mr. Chaudhary is founder director of Safex
possessing over
4 decades of experience starting with Masters in Agriculture
Sciences. He is a
first generation Entrepreneur under who’s leadership Safex has
become one of the leading brands in North India. He is responsible
for
expansion of the company from single manufacturing unit in 1992 to 5
agro-chemical units in 2020. Under his mentorship, Safex
has moved towards backward integration, a great leap for any
agro-chemical
company.
Mr. Chaudhary has invested personally and as part of the
company CSR in
education of students from 5-6th standard. This purposeful
philanthropic
endeavours to provide the students a stimulus
for growth while being an enabler rather than a provider.
Rajesh Jindal
Mr. Jindal brings to the table over 35 years of entrepreneurial experience in agro-chemicals industry. His knowledge in trading has helped shape Safex’s logistics and inventory management systems. Under his wing, the company organised the Self-Audit programme inspiring individuals to evaluate their working economically/critically. His unfailing attention to detail is responsible for right time delivery of all Safex products to the remotest of locations. He also manages the biggest resource available to the company: the human resources. With the newly introduced profit-based appraisal scheme, Safex aims to create highest motivation and passion among its members.
Neeraj Jindal
Mr. Neeraj Jindal (B.E (Chemical), MBA): His technical expertise has helped Safex to adopt the latest technologies in formulation and thus come up with the latest products from time to time. Over the last 10 years, Safex has evolved into one of the most recognised names in the agrochemical sector. He has played a pivotal role in making Safex a backward integrated company with its new acquisition of Shogun Organics Limited. This has led Safex venture into new markets of house hold chemicals, exports and manufacture latest chemistries in the agrochemical sector.
Piyush Jindal
Mr. Piyush Jindal is a seasoned finance professional with a strong experience in M&A, Fund Raising, Corporate Finance and Business Analytics. He leads the Finance and IT functions of the group. He has played pivotal role in New Acquisitions and raising finances through Debt & Equity. The same has helped the group in achieving strong growth in past years. He has been also leading the digital initiative within Safex by implementation of key business operating systems like SAP, Power BI etc. and aims to go paperless as a part of green initiative of the group. He is a Commerce Graduate from Hindu College, University of Delhi and a Chartered Accountant.
Other Directors
Raghav Ramdev
Raghav Ramdev has joined the Board as a nominee director from ChrysCapital. Having joined ChrysCapital in Sep 2003, he’s a Managing Director at the Firm currently and leads investments in the Manufacturing and Healthcare sectors. Previously, he was with the global research division at McKinsey & Company. Raghav received an MBA from Management Development Institute, Gurgaon and a Bachelor's degree in chemical engineering from Baroda University.
Raghunathan Hariharan
Raghunathan Hariharan has joined the Board as nominee director from ChrysCapital. He has served the crop protection industry for over 30 years in various capacities. His last corporate role was as CEO of Agrocel (Agri Service Division). Prior to that he was Vice President heading International Business at Excel Crop Care. He has vast experience in both domestic and international markets. He currently advises the global industry on strategy, sourcing and markets and the financial sector on startup and industry investments. He has an MBA and BSc from University of Rajasthan, Jaipur.
Rakesh Bhargava
Mr Rakesh Bhargava is the Independent Director of the company. He is a qualified Company Secretary and Chartered Accountant, from 1984 batch. He is Fellow member of the Institute of Chartered Accountants of India and in full time practice since 1990. His rich experience of over 35 years includes expertise in the field of Direct Taxation, Company Law and FEMA. He is the senior partner in R. Bhargava & Associates, Chartered Accountants.
Vandana Sahni
Ms. Vandana Sahni has joined the Board as an Independent Director. She is a certified Chartered Accountant & business oriented finance leader having more than 10 years of experience in FMCG, Retail/E-commerce, QSR, Telecom and Insurance sectors. Presently she is associated with @B9 Beverages Limited (Bira91) as Associate Director, Financial planning & analysis. Prior to that she was associated with Walmart India Limited as DGM, FP&A, Jubliant Food Works Ltd. As Senior Manager, FP&A, Vodafone India Ltd as Senior Manager, Financial Planning & Analysis. She has expertise in financial planning & analysis, budgeting, long-range planning/forecasting, cost optimisations, Sensitivity/ Variance Analysis, Fund raise, Investors Relations and Treasury- debt management.
News
Financial Statements
Notices
Leading from the front, compact management structure, commitment to quality,
adoption of
latest technologies & revolutionary employee engagement policies have been the
foundation
of our continuous success.
Making way from Punjab to become one of the most trusted brands in agro-chemical
companies, Safex has expanded many folds. We have increased our turnover 13 times
and
operating profit 17 times in the last 10 years. Yet, we continue to grow while
embracing
new challenges, expanding boundaries and creating new opportunities.
With business spanning 17 states, Safex today is a 500+ crore company having a
dealer
count of more than 10,000 providing employment to 1000+ members. Hence, Safex is a
pioneer
at implementing management principles with utmost sincerity to get the best possible
outcomes.
At the core of our progress is our motto: Let’s fly together
Boards of Directors
S K Chaudhary
Mr. Chaudhary is founder director of Safex
possessing over
4 decades of experience starting with Masters in Agriculture
Sciences. He is a
first generation Entrepreneur under who’s leadership Safex has
become one of the leading brands in North India. He is responsible
for
expansion of the company from single manufacturing unit in 1992 to 5
agro-chemical units in 2020. Under his mentorship, Safex
has moved towards backward integration, a great leap for any
agro-chemical
company.
Mr. Chaudhary has invested personally and as part of the
company CSR in
education of students from 5-6th standard. This purposeful
philanthropic
endeavours to provide the students a stimulus
for growth while being an enabler rather than a provider.
Rajesh Jindal
Mr. Jindal brings to the table over 35 years of entrepreneurial experience in agro-chemicals industry. His knowledge in trading has helped shape Safex’s logistics and inventory management systems. Under his wing, the company organised the Self-Audit programme inspiring individuals to evaluate their working economically/critically. His unfailing attention to detail is responsible for right time delivery of all Safex products to the remotest of locations. He also manages the biggest resource available to the company: the human resources. With the newly introduced profit-based appraisal scheme, Safex aims to create highest motivation and passion among its members.
Neeraj Jindal
Mr. Neeraj Jindal (B.E (Chemical), MBA): His technical expertise has helped Safex to adopt the latest technologies in formulation and thus come up with the latest products from time to time. Over the last 10 years, Safex has evolved into one of the most recognised names in the agrochemical sector. He has played a pivotal role in making Safex a backward integrated company with its new acquisition of Shogun Organics Limited. This has led Safex venture into new markets of house hold chemicals, exports and manufacture latest chemistries in the agrochemical sector.
Piyush Jindal
Mr. Piyush Jindal is a seasoned finance professional with a strong experience in M&A, Fund Raising, Corporate Finance and Business Analytics. He leads the Finance and IT functions of the group. He has played pivotal role in New Acquisitions and raising finances through Debt & Equity. The same has helped the group in achieving strong growth in past years. He has been also leading the digital initiative within Safex by implementation of key business operating systems like SAP, Power BI etc. and aims to go paperless as a part of green initiative of the group. He is a Commerce Graduate from Hindu College, University of Delhi and a Chartered Accountant.
Other Directors
Raghav Ramdev
Raghav Ramdev has joined the Board as a nominee director from ChrysCapital. Having joined ChrysCapital in Sep 2003, he’s a Managing Director at the Firm currently and leads investments in the Manufacturing and Healthcare sectors. Previously, he was with the global research division at McKinsey & Company. Raghav received an MBA from Management Development Institute, Gurgaon and a Bachelor's degree in chemical engineering from Baroda University.
Raghunathan Hariharan
Raghunathan Hariharan has joined the Board as nominee director from ChrysCapital. He has served the crop protection industry for over 30 years in various capacities. His last corporate role was as CEO of Agrocel (Agri Service Division). Prior to that he was Vice President heading International Business at Excel Crop Care. He has vast experience in both domestic and international markets. He currently advises the global industry on strategy, sourcing and markets and the financial sector on startup and industry investments. He has an MBA and BSc from University of Rajasthan, Jaipur.
Rakesh Bhargava
Mr Rakesh Bhargava is the Independent Director of the company. He is a qualified Company Secretary and Chartered Accountant, from 1984 batch. He is Fellow member of the Institute of Chartered Accountants of India and in full time practice since 1990. His rich experience of over 35 years includes expertise in the field of Direct Taxation, Company Law and FEMA. He is the senior partner in R. Bhargava & Associates, Chartered Accountants.
Vandana Sahni
Ms. Vandana Sahni has joined the Board as an Independent Director. She is a certified Chartered Accountant & business oriented finance leader having more than 10 years of experience in FMCG, Retail/E-commerce, QSR, Telecom and Insurance sectors. Presently she is associated with @B9 Beverages Limited (Bira91) as Associate Director, Financial planning & analysis. Prior to that she was associated with Walmart India Limited as DGM, FP&A, Jubliant Food Works Ltd. As Senior Manager, FP&A, Vodafone India Ltd as Senior Manager, Financial Planning & Analysis. She has expertise in financial planning & analysis, budgeting, long-range planning/forecasting, cost optimisations, Sensitivity/ Variance Analysis, Fund raise, Investors Relations and Treasury- debt management.
ChrysCapital
Established in 1999, ChrysCapital is a leading India focused investment firm,
managing
approximately $4 billion across eight funds. With over 90 investments since 1999,
the
group has valuable experience investing across a breadth of sectors. ChrysCapital
has
developed a strong track record, delivering over $5.5 billion from over 70 exits.
The
ChrysCapital funds are ranked in the top decile of global private equity funds of
similar
vintage. ChrysCapital VIII, LLC is the eighth fund of the group that was raised in
late
2018 with a corpus of over $850 million.
ChrysCapital believes that partnerships with excellent management teams in
attractive
sectors are the foundation of successful private equity investing. The integrity and
execution capability of management are the two most important factors in the
evaluation of
an investment opportunity. Our aim is to be a trustworthy financial partner and a
stable
long-term investor leveraging our deep relationships in the industry.
One of the factors that differentiates ChrysCapital is the ability to scout and help
its
portfolio companies think through M&A targets. ChrysCapital played an instrumental
role in
Intas’ $770 mn acquisition of Actavis UK / Ireland. ChrysCapital got Intas into the
acquisition process, leveraged industry expertise and relationship with founders to
convince them to pursue the acquisition and eventually helped win the deal for
Intas. This
was the 2nd largest outbound acquisition by an Indian pharma company and propelled
them to
become the second largest generics player in the UK.
Another differentiating factor is ChrysCapital’s industry leading track record,
amongst
private equity peers, of assisting portfolio companies to go public through an IPO –
ChrysCapital has taken 10 companies public such as AU Small Finance Bank, Eris
Lifesciences, Redington, M&M Financial Services, to name a few, and has provided
valuable
inputs to each of these in their IPO journey as well as in their new life as a
publicly-listed company.