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

Safex to invest Rs 100CR in agri-tech segment: AgCare

Jan 03, 2023

Safex Chemicals Acquires UK Based Briar Chemicals

Oct 11, 2022

Safex Chemicals acquires Shogun Lifesciences

Feb 03, 2022

Safex-ChrysCapital deal: India's second highest PE investment in Chemical deals.

June 29, 2021

Safex enters home care & agrochemical technical manufacturing segment.

May 5, 2021

Safex Chemicals acquired Shogun Organics.

May 5, 2021

ChrysCapital’s $50MN investment in Safex

March 24, 2021

Safex gets boost of $50MN for growth

March 23, 2021

Digital Risk Solutions at Safex

Published by: Economic Times, August 24, 2018

Safex disrupts Agro-chemical industry

Published by: Agro Pages, March 21, 2016

60 Cr fund raised by Safex

Published by: Business Standard, Feb 26, 2016

Financial Statements

Balance Sheet

Briar Chemicals Limited balance sheet for FY 22-23

Consolidated Financial Statements

Safex global CFS for FY 22-23

Balance Sheet

Safex Holdings UK Limited balance sheet for FY 22-23

Balance Sheet

Safex Stand Alone balance sheet for FY 22-23

Balance Sheet

Agcare Technologies Private Limited balance sheet FY 22-23

Balance Sheet

Indo Swiss Chemicals Limited balance sheet for FY 22-23

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 22-23

Balance Sheet

Shogun Organics Limited balance sheet for FY 22-23

Balance Sheet

Shogun Lifesciences Private Limited balance sheet for FY 22-23

Balance Sheet

Shogun Lifesciences Private Limited balance sheet for FY 21-22

Balance Sheet

IndoSwiss Chemicals Limited balance sheet for FY 21-22

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 21-22

Balance Sheet

Shogun Organics Limited balance sheet for FY 21-22

Balance Sheet

Safex Stand Alone-2022

Balance Sheet

IndoSwiss Chemicals Limited balance sheet for FY 20-21

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 20-21

Balance Sheet

Shogun Organics Limited balance sheet for FY 20-21

Balance Sheet

Safex Stand Alone-2021

Balance Sheet

IndoSwiss Chemicals Limited balance sheet for FY 19-20

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 19-20

Balance Sheet

Safex Stand Alone-2020

Policies

CSR Policy

Nomination & Remuneration Policy

Policy for Prevention of Sexual Harassment at Workplace

Whistle Blower Policy

Group Privacy Policy

Notices

Disclosures

Resignation of Directors

Terms of appointment of ID's

Resignation of Dr Brinda Jagirdar

Annual Returns

Annual Return FY2022-23

Annual Return FY2021-22

Annual Return FY2020-21

Transcript of General Meeting

EGM- 26.11.2021
AGM - 28.09.2021
EGM- 19.07.2021

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.

Financial Statements

Balance Sheet

Briar Chemicals Limited balance sheet for FY 22-23

Consolidated Financial Statements

Safex global CFS for FY 22-23

Balance Sheet

Safex Holdings UK Limited balance sheet for FY 22-23

Balance Sheet

Safex Stand Alone balance sheet for FY 22-23

Balance Sheet

Agcare Technologies Private Limited balance sheet FY 22-23

Balance Sheet

Indo Swiss Chemicals Limited balance sheet for FY 22-23

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 22-23

Balance Sheet

Shogun Organics Limited balance sheet for FY 22-23

Balance Sheet

Shogun Lifesciences Private Limited balance sheet for FY 22-23

Balance Sheet

Shogun Lifesciences Private Limited balance sheet for FY 21-22

Balance Sheet

IndoSwiss Chemicals Limited balance sheet for FY 21-22

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 21-22

Balance Sheet

Shogun Organics Limited balance sheet for FY 21-22

Balance Sheet

Safex Stand Alone-2022

Balance Sheet

IndoSwiss Chemicals Limited balance sheet for FY 20-21

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 20-21

Balance Sheet

Shogun Organics Limited balance sheet for FY 20-21

Balance Sheet

Safex Stand Alone-2021

Balance Sheet

IndoSwiss Chemicals Limited balance sheet for FY 19-20

Balance Sheet

Smith n Smith Chemicals Limited balance sheet for FY 19-20

Balance Sheet

Safex Stand Alone-2020

News

Safex to invest Rs 100CR in agri-tech segment: AgCare

Jan 03, 2023

Safex Chemicals Acquires UK Based Briar Chemicals

Oct 11, 2022

Safex Chemicals acquires Shogun Lifesciences

Feb 03, 2022

Safex-ChrysCapital deal: India's second highest PE investment in Chemical deals.

June 29, 2021

Safex enters home care & agrochemical technical manufacturing segment.

May 5, 2021

Safex Chemicals acquired Shogun Organics.

May 5, 2021

ChrysCapital’s $50MN investment in Safex

March 24, 2021

Safex gets boost of $50MN for growth

March 23, 2021

Digital Risk Solutions at Safex

Published by: Economic Times, August 24, 2018

Safex disrupts Agro-chemical industry

Published by: Agro Pages, March 21, 2016

60 Cr fund raised by Safex

Published by: Business Standard, Feb 26, 2016

Policies

CSR Policy

Nomination & Remuneration Policy

Policy for Prevention of Sexual Harassment at Workplace

Whistle Blower Policy

Group Privacy Policy

Notices

Disclosures

Resignation of Directors

Terms of appointment of ID's

Resignation of Dr Brinda Jagirdar

Annual Returns

Annual Return FY2022-23

Annual Return FY2021-22

Annual Return FY2020-21

Transcript of General Meeting

EGM- 26.11.2021

AGM - 28.09.2021

EGM- 19.07.2021