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.
Team/Board of Directors
S K Chaudhary, Promoter/Group Director
Mr. Chaudhary, the esteemed Founding member of Safex Group, brings over four decades of rich experience to the table. With a Master's degree in Agricultural Sciences, he has been the cornerstone of Safex's remarkable journey since its inception. As a first-generation entrepreneur, Mr. Chaudhary's visionary leadership has transformed Safex into a leading multinational agrochemical company in India.
His strategic foresight and commitment to excellence have propelled Safex towards achieving backward integration, a significant milestone that underscores the company's self-reliance and innovation in the agrochemical sector. His guidance and mentorship have been invaluable to the entire management team and the 1,500 team members. Under his leadership, Safex Group has navigated industry challenges and continued to grow even in the face of adversity.
Mr. Chaudhary's dedication extends beyond business. He has personally invested in and championed the company's Corporate Social Responsibility (CSR) initiatives, particularly in the realm of education. His philanthropic efforts focus on nurturing students by providing them with the necessary resources and opportunities to foster their growth. Mr. Chaudhary's approach to philanthropy emphasizes being an enabler rather than merely a provider, ensuring that students receive the stimulus needed to realize their full potential.
Through his exceptional leadership and unwavering commitment to both business excellence and social responsibility, Mr. Chaudhary continues to inspire and drive the success of Safex Group.
Piyush Jindal, Promoter/Group Director
Mr. Piyush Jindal, a Commerce Graduate from Hindu College, Delhi University, and a Chartered Accountant, has been the driving force behind Safex Group’s remarkable trajectory since 2010. Under his leadership, Safex Group has experienced an unprecedented 80-fold increase in market valuation.
His visionary leadership has not only attracted substantial investments and facilitated four major acquisitions, including a landmark international acquisition in the agchem sector, but also raised over $90 million from esteemed private equity firms such as Banyan Tree and ChrysCapital.
In 2024, Mr. Jindal spearheaded the pioneering development and launch of a revolutionary tech platform for the agchem industry. This initiative marked a comprehensive digital transformation integrating AI/ML, Business Analytics, and SAP. Thus achieving, significantly enhanced operational efficiency, scalability, and agility, solidifying Safex Group’s leadership in the industry.
Mr. Jindal’s strategic acumen drives financial excellence, optimizing revenue streams and managing costs for sustainable growth. His adeptness in cultivating investor relationships and securing critical funding supports strategic initiatives, including expansion into new markets and high-impact investments, ensuring maximum returns on capital. By any measure, Mr. Jindal’s contributions underscore his pivotal role in Safex Group’s ascent and ongoing success.
Neeraj Jindal, Promoter/Group Director
Mr. Neeraj Jindal holds a B.E. in Chemical Engineering and an MBA from SP Jain. With his extensive technical expertise, Neeraj has been instrumental in enabling Safex to adopt the latest technologies in Active Ingredients and formulations, consistently introducing innovative products to the market. Neeraj's strategic vision and leadership were crucial in Safex's acquisition of Shogun Organics Limited, a move that significantly enhanced the company's capabilities. This acquisition has enabled Safex to become a backward-integrated company, allowing it to control more of its supply chain and production processes. As a result, Safex has successfully ventured into new markets, including household chemicals and exports.
A notable achievement under Neeraj's leadership is the commercialisation of Renofluthrin by Shogun Organics. This molecule, the first of its kind; innovated, researched, and developed in India by Shogun, is set to revolutionize the way the world tackles the mosquito menace.
Neeraj also oversees the CDMO India & UK (Contract Development and Manufacturing Organization) division of the group. He actively engages with innovators across the globe, partnering with them to streamline their supply chains and commercialize their products. He also manages international customer relationship and helps the group in expansion across the globe.
Through his commitment to technological advancement and strategic growth, Neeraj has played a key role in Safex's ongoing success and expansion, positioning the company at the forefront of the industry. Additionally, he is committed to advancing the company’s ESH efforts, ensuring robust sustainability and social responsibility practices.
Rajesh Jindal, Promoter/Group Director
Mr. Rajesh Jindal brings over 35 years of entrepreneurial experience in the agrochemicals industry to Safex Group. His deep knowledge and expertise in trading have been instrumental in shaping Safex’s logistics and inventory management systems, ensuring efficiency and precision in operations.
Under Mr. Jindal's leadership, Safex introduced the innovative Self-Audit programme, which encourages individuals to critically and economically evaluate their work. This initiative has fostered a culture of continuous improvement and accountability within the company. His unwavering attention to detail ensures the timely delivery of all Safex products, even to the remotest locations in India, upholding the company's commitment to reliability and customer satisfaction.
In addition to overseeing logistics, Mr. Jindal manages Safex’s most valuable asset: its human resources. He has been pivotal in implementing the profit-based appraisal scheme, designed to boost motivation and passion among team members. This scheme aligns individual performance with company success, driving a high-performance culture and fostering a sense of ownership and dedication among employees.
Through his strategic vision and dedication to operational excellence, Mr. Jindal continues to play a crucial role in Safex Group’s growth and success. His contributions have been vital in maintaining the company’s reputation for quality and reliability in the agrochemical industry.
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 Chemicals Acquires UK Based Briar Chemicals
Oct 11, 2022
Safex to invest Rs 100CR in agri-tech segment: AgCare
Jan 03, 2023
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
Financial Statements
Briar Chemicals Limited
Financial Statements
Shogun Organics Limited
Financial Statements
Agcare Technologies Pvt. Ltd.
Financial Statements
Safex Holdings UK Limited
Consolidated Financial Statements
Safex Chemicals India Limited - Consolidated
Financial Statements
Smith N Smith Chemicals Limited
Financial Statements
Indo Swiss Chemicals Limited
Financial Statements
Shogun Lifesciences Pvt. Ltd.
Financial Statement
Safex Chemicals India Limited - Standalone
Policies
CSR Policy
Nomination & Remuneration Policy
Policy for Prevention of Sexual Harassment at Workplace
Whistle Blower Policy
Group Privacy Policy
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
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!
Team/Boards of Directors
S K Chaudhary
Promoter/Group Director
Mr. Chaudhary, the esteemed Founding member of Safex Group, brings over four decades of rich experience to the table. With a Master's degree in Agricultural Sciences, he has been the cornerstone of Safex's remarkable journey since its inception. As a first-generation entrepreneur, Mr. Chaudhary's visionary leadership has transformed Safex into a leading multinational agrochemical company in India.
His strategic foresight and commitment to excellence have propelled Safex towards achieving backward integration, a significant milestone that underscores the company's self-reliance and innovation in the agrochemical sector. His guidance and mentorship have been invaluable to the entire management team and the 1,500 team members. Under his leadership, Safex Group has navigated industry challenges and continued to grow even in the face of adversity.
Mr. Chaudhary's dedication extends beyond business. He has personally invested in and championed the company's Corporate Social Responsibility (CSR) initiatives, particularly in the realm of education. His philanthropic efforts focus on nurturing students by providing them with the necessary resources and opportunities to foster their growth. Mr. Chaudhary's approach to philanthropy emphasizes being an enabler rather than merely a provider, ensuring that students receive the stimulus needed to realize their full potential.
Through his exceptional leadership and unwavering commitment to both business excellence and social responsibility, Mr. Chaudhary continues to inspire and drive the success of Safex Group.
Piyush Jindal
Promoter/Group Director
Mr. Piyush Jindal, a Commerce Graduate from Hindu College, Delhi University, and a Chartered Accountant, has been the driving force behind Safex Group’s remarkable trajectory since 2010. Under his leadership, Safex Group has experienced an unprecedented 80-fold increase in market valuation.
His visionary leadership has not only attracted substantial investments and facilitated four major acquisitions, including a landmark international acquisition in the agchem sector, but also raised over $90 million from esteemed private equity firms such as Banyan Tree and ChrysCapital.
In 2024, Mr. Jindal spearheaded the pioneering development and launch of a revolutionary tech platform for the agchem industry. This initiative marked a comprehensive digital transformation integrating AI/ML, Business Analytics, and SAP. Thus achieving, significantly enhanced operational efficiency, scalability, and agility, solidifying Safex Group’s leadership in the industry.
Mr. Jindal’s strategic acumen drives financial excellence, optimizing revenue streams and managing costs for sustainable growth. His adeptness in cultivating investor relationships and securing critical funding supports strategic initiatives, including expansion into new markets and high-impact investments, ensuring maximum returns on capital. By any measure, Mr. Jindal’s contributions underscore his pivotal role in Safex Group’s ascent and ongoing success.
Neeraj Jindal
Promoter/Group Director
Mr. Neeraj Jindal holds a B.E. in Chemical Engineering and an MBA from SP Jain. With his extensive technical expertise, Neeraj has been instrumental in enabling Safex to adopt the latest technologies in Active Ingredients and formulations, consistently introducing innovative products to the market. Neeraj's strategic vision and leadership were crucial in Safex's acquisition of Shogun Organics Limited, a move that significantly enhanced the company's capabilities. This acquisition has enabled Safex to become a backward-integrated company, allowing it to control more of its supply chain and production processes. As a result, Safex has successfully ventured into new markets, including household chemicals and exports.
A notable achievement under Neeraj's leadership is the commercialisation of Renofluthrin by Shogun Organics. This molecule, the first of its kind; innovated, researched, and developed in India by Shogun, is set to revolutionize the way the world tackles the mosquito menace.
Neeraj also oversees the CDMO India & UK (Contract Development and Manufacturing Organization) division of the group. He actively engages with innovators across the globe, partnering with them to streamline their supply chains and commercialize their products. He also manages international customer relationship and helps the group in expansion across the globe.
Through his commitment to technological advancement and strategic growth, Neeraj has played a key role in Safex's ongoing success and expansion, positioning the company at the forefront of the industry. Additionally, he is committed to advancing the company’s ESH efforts, ensuring robust sustainability and social responsibility practices.
Rajesh Jindal
Promoter/Group Director
Mr. Rajesh Jindal brings over 35 years of entrepreneurial experience in the agrochemicals industry to Safex Group. His deep knowledge and expertise in trading have been instrumental in shaping Safex’s logistics and inventory management systems, ensuring efficiency and precision in operations.
Under Mr. Jindal's leadership, Safex introduced the innovative Self-Audit programme, which encourages individuals to critically and economically evaluate their work. This initiative has fostered a culture of continuous improvement and accountability within the company. His unwavering attention to detail ensures the timely delivery of all Safex products, even to the remotest locations in India, upholding the company's commitment to reliability and customer satisfaction.
In addition to overseeing logistics, Mr. Jindal manages Safex’s most valuable asset: its human resources. He has been pivotal in implementing the profit-based appraisal scheme, designed to boost motivation and passion among team members. This scheme aligns individual performance with company success, driving a high-performance culture and fostering a sense of ownership and dedication among employees.
Through his strategic vision and dedication to operational excellence, Mr. Jindal continues to play a crucial role in Safex Group’s growth and success. His contributions have been vital in maintaining the company’s reputation for quality and reliability in the agrochemical industry.
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
Financial Statements
Briar Chemicals Limited
Financial Statements
Shogun Organics Limited
Financial Statements
Agcare Technologies Pvt. Ltd.
Financial Statements
Safex Holdings UK Limited
Consolidated Financial Statements
Safex Chemicals India Limited - Consolidated
Financial Statements
Smith N Smith Chemicals Limited
Financial Statements
Indo Swiss Chemicals Limited
Financial Statements
Shogun Lifesciences Pvt. Ltd.
Financial Statement
Safex Chemicals India Limited - Standalone
News
Safex Chemicals Acquires UK Based Briar Chemicals
Oct 11, 2022
Safex to invest Rs 100CR in agri-tech segment: AgCare
Jan 03, 2023
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
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
