India Resurgence Fund (IndiaRF) has invested Rs 1,000 crore in Anthea Aromatics Pvt Ltd.

India Resurgence Fund (IndiaRF) has invested Rs 1,000 crore in Anthea Aromatics Private Limited, making it the largest shareholder in the company.

This is IndiaRF's first investment from its second fund, which is still being raised, and also its second investment in the specialty chemicals sector.

Shantanu Nalavadi, Managing Director, IndiaRF. “Indian speciality chemicals sector is known for its reliability, quality, and cost competitiveness, and presents a strong export opportunity. Anthea’s market presence, proprietary development capabilities and manufacturing processes make it well-positioned to benefit from the opportunities that will present themselves, We are committed to investing in the growth of Anthea through capacity addition, de-bottlenecking existing capacities, and enhanced R&D to broaden its product offerings. "

IndiaRF, backed by the Piramal Group and Bain Capital, manages around $850 million in assets from its first fund, which has invested in twelve companies across nine sectors.

Read also - IDFC FIRST Bank Launches Holographic Avatar of Amitabh Bachchan for Customer Interaction

Paul Menacherry, Executive Director,AntheaGroup said, “Anthea is one of Indian’s oldest aroma chemical companies with a strong legacy of developing high-value specialty chemicals for the global flavors and fragrance industry. We see significant export-led growth potential whichIndiaRF’s expertise in business transformation will help unlock,”.

About Anthea

Anthea, founded in 1992 by Dr. Vincent Paul, operates five manufacturing plants in Maharashtra and Karnataka, with a total capacity of 10,590 tonnes per year.

Advertisment

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.