The beginning
We begin our journey as a small private limited company.
A change in name
Our name was officially changed from Astec Chemicals to Astec LifeSciences Private Limited. That same year, the company converted to a public limited company.
We went public
The initial public offer (IPO) was subscribed 1.6 times and raised INR 61 crore.
A new venture
We bagged our first contract from global players and became a Contract Development and Manufacturing Organisation (CDMO).
A sign of recognition
The Indian Chemical Council (ICC) awards us the Responsible Care accreditation.
Part of a great legacy
We become a majority-owned subsidiary of Godrej Agrovet Limited, and come under the umbrella of the Godrej Group.
The next step
Our newly set up manufacturing facility at Mahad, Maharashtra, begins commercial production.
Synergy in action
We began construction of a state-of-the-art R&D centre at Rabale and commissioned a newly built herbicide plant at Mahad, both in Maharashtra
A matter of profit
2022 is our most profitable year & we earned our highest-ever revenues (INR 687 crore) and highest-ever profits (INR 90 crore). ICRA revised our long-term outlook to positive.