#### **Overview** Arrow Greentech Limited (AGTL), established in **1992**, is India’s largest manufacturer of **water-soluble films** and a globally recognized innovator in **eco-friendly materials and high-security technologies**. Headquartered in Mumbai with a core manufacturing facility in **Ankleshwar, Gujarat**, AGTL operates across two primary business segments: - **Green Products** (eco-friendly, biodegradable, and water-soluble materials) - **Hi-Tech Products** (anti-counterfeit security solutions and intellectual property-based technologies) The company has a strong global footprint through subsidiaries in the **UK, Netherlands, and other international markets**, serving clients across Europe, the Americas, Asia, and Africa. --- #### **Core Business Segments** ##### **1. Green Products Segment** AGTL’s Green Products segment focuses on sustainable, biodegradable alternatives to single-use plastics, positioning the company at the forefront of the global green revolution. - **Watersol®**: - Flagship brand of **polyvinyl alcohol (PVA) water-soluble films**. - Dissolves completely in water, leaving no residue. - Used in agrochemicals, home care, construction chemicals, laundry bags, disinfectant pouches, and hygiene products. - Agrochemical and home care sectors represent **60–70% of global demand**. - **BioPlast® Division**: - Develops **100% bio-compostable films** compliant with **EN 13432 and ISO 17088** standards. - Made from renewable materials like **potato starch and polylactic acid (PLA)**. - Applications include garbage bags, food packaging, disposable tableware, and industrial containers. - Technology licensed from **Biotec, Germany**. - **KlenzPro**: - Offers **concentrated hygiene products in water-soluble capsules**, eliminating plastic waste. - **Sustainability & Growth Prospects**: - The **global PVA films market** was valued at ~$550 million in 2024, projected to grow at **5–6% CAGR through 2030**. - Driven by rising environmental regulations and consumer demand for sustainable packaging. - AGTL is a pioneer in **eco-industrial solutions**, aligning with **Atma Nirbhar Bharat and Make in India** initiatives. ##### **2. Hi-Tech & Security Products** AGTL is a leader in **anti-counterfeit technologies**, serving the currency, pharmaceutical, luxury goods, and government documentation sectors. - **Key Offerings**: - **Security Threads & Fibers**: For integration into **banknotes, passports, tax stamps, and ID cards**. - **Dual-Color Shift Security Film**: Patented US and Indian technology (US Patent No. 12,194,771 granted Jan 2025) that changes color when viewed from different angles—ideal for high-security documents. - **Security Laminates**: Multi-layered, machine-readable, track-and-trace enabled films for **Aadhaar, voter IDs, and pharmaceutical packaging**. - **Self-Destructive Security Packaging**: Prevents tampering and counterfeiting. - **Level 2 Brand Protection**: Applied to high-value consumer goods (cosmetics, perfumes, pharma). - **Manufacturing Capabilities**: - Advanced processes including **metalizing, holography, nano-printing, and functional coatings**. - Contractually confidential clients; considered a trusted indigenous supplier in a niche global market. --- #### **Pharmaceutical Innovation via Subsidiary: Avery Pharmaceuticals Pvt. Ltd.** AGTL owns **99.65% of Avery Pharmaceuticals**, a WHO-GMP, FSSAI, HALAL, and ISO 9001/22000 certified subsidiary manufacturing **Mouth Dissolving Strips (MDS)** and **Transdermal Patches**. - **Arrow RX / MDS (Mouth Dissolving Strips)**: - Commercialized under **Arrow RX**, an innovative **Novel Drug Delivery System (NDDS)**. - Patented **"Actives Embedded Water-Soluble Film"** technology enables: - Rapid onset of action (via **lingual, sublingual, or buccal absorption**). - Enhanced bioavailability. - No need for water—ideal for **pediatric, geriatric, psychiatric, dysphagic, and veterinary patients**. - Regulatory approvals for **~50 products**, including **Sildenafil, Ondansetron, Amlodipine, and vitamin/mineral formulations**. - FSSAI approvals for nutraceuticals and RX approvals for pharma products. - **Operations**: - Manufacturing plant in **Sanand, Gujarat**. - **Commercial production began August 2022**. - Equipped with German-engineered machinery for precision film casting. - Full in-house R&D, QC labs, and automated production lines. - **CDMO (Contract Development & Manufacturing Organization) Services**: - Provides end-to-end services from **formulation development to commercial-scale manufacturing**. - Signed long-term export contract with a **major MNC**, with repeat orders and pipeline expansion. - Engaged in **54 CDMO projects**, including for markets such as **Brazil, Russia, Vietnam, and Yemen**. - Active pipeline of **high-dose MDS (over 100mg)** and **combination products**. - **Other Products**: - **RX Matrix**: A patented system for **collection, storage, and disposal of biological samples**. - **Transdermal Patches**: For sustained, controlled drug delivery—under development and commercial partnerships. --- #### **Intellectual Property & Innovation** AGTL maintains a **robust IP strategy** central to its competitive advantage. - **Patents**: - **23–32 granted patents globally** (number varies by report date; most recent consensus indicates **23 in force**, but earlier reports cite up to 34). - Jurisdictions: **India, USA, UK, Europe, Russia, South Africa, Eurasia**. - **Key Patented Technologies**: - Cold water-soluble films. - Actives-embedded MDS. - Dual-color shift security film. - Self-adhesive liner-less labels (eliminates silicone liners). - Bio-compostable multi-layer composites (Indian Patent No. 497320). - Medicated wound care bands (Indian Patent No. 537781). - Water-soluble cleaning sponges and wall papers. - **Pending Applications**: - **15+ Indian and 4–13 foreign patent applications** under review. - Filed via **PCT for international protection**. - **IP Commercialization**: - Revenue generated through **out-licensing, cross-licensing, and infringement settlements**. - **Active litigation** against **Nu-Therapeutics and Shilpa Pharmaceuticals** for patent infringement. - Dedicated **IP Cells in India, UK, and Netherlands**. - **R&D Infrastructure**: - State-of-the-art **R&D lab and IP center in Mumbai**. - Collaborations with **academic institutions, inventors, and scientific communities**. - Focus on **green tech, security, healthcare, and biocompostable materials**. --- #### **Global Operations & Subsidiaries** AGTL operates internationally with strategic subsidiaries: | Subsidiary | Ownership | Location | Focus | |----------|---------|--------|-------| | **Avery Pharmaceuticals Pvt. Ltd.** | 99.65% | India | MDS, CDMO, Transdermal Patches | | **Advance IP Technologies Ltd.** | 95% | UK | IP monetization, out-licensing | | **Advance Secure Products B.V.** | 100% | Netherlands | Security product trade, EU market access | | **Arrow UK** | 100% | UK | Patent trading, film export | | **LQ Arrow Security Products Pvt. Ltd.** | 51% | India | Security systems and brand protection | | **Arrow Secure Technology Pvt. Ltd.** | 100% | India | High-tech security R&D and manufacturing | --- #### **Financial Highlights (as of Nov 2025)** - **Green Products Segment**: ₹123 million revenue — demonstrates growing market traction for sustainable solutions. - **Hi-Tech Segment**: ₹488 million revenue — driven by rising global demand for anti-counterfeit and authentication technologies. - **Export Growth**: Increasing exports to **Brazil, South America, Africa, and EU/EEA regions**, with negligible USA exports currently. - **Revenue Diversification**: Strong growth in **MDS, security products, and water-soluble capsules**. --- #### **Leadership & Recognition** - **Shilpan P. Patel** (Chairman & MD): - Invented India’s first water-soluble film in **1990** through indigenous R&D. - Holds multiple patents; awarded **India Star Award (2000)** and **National IP Award for Patents & Commercialization**. - **Neil Patel** (Joint Managing Director): Oversees operations and governance. - **Prashant Mehta** (Independent Director): Legal and corporate governance expert. - **Awards & Recognition**: - **National IP Awards (2019, 2021)** from CII. - Member of **CII-DIPPIT Select Committee on IP**, supporting national innovation policy.