### **Overview** Chembond Material Technologies Limited (CMTL) is a leading specialty chemicals manufacturer in India with nearly five decades of industry experience. The company serves diverse sectors through its core business segments: **Water Technologies (WT), Construction Chemicals (CC), Material Technologies, Biotechnology (Biosciences), Adhesives & Sealants, and Distribution**. It has evolved from a startup into a major player in the Indian specialty chemicals space, with growing international presence and a strong focus on innovation, sustainability, and customer-centric solutions. Through a strategic demerger effective April 1, 2024, the **Water Technologies and Construction Chemicals** businesses were transferred to a newly incorporated entity, **Chembond Chemicals Limited**, allowing for independent management, investment, and operational focus across different business lines. This structural change reflects CMTL’s intent to streamline growth, attract targeted investor interest, and enhance long-term value creation. --- ### **Core Business Segments** #### **1. Water Technologies (WT)** - A pioneer in India’s water treatment sector, WT provides integrated **Total Water Management (TWM)** solutions for industrial and commercial & industrial (C&I) clients. - Offers a comprehensive portfolio covering: - Raw water clarification - Cooling and boiler water treatment - Membrane treatment (including NSF-approved RO membranes and evaporator treatments) - Wastewater treatment and bioremediation - Automated online monitoring and AI-based remote control systems - Solutions are tailored using system surveys, field expertise, and performance monitoring to improve **water-use efficiency**, enable **zero liquid discharge (ZLD)**, and support water recycling. - Expanded distribution partnership with **MANN+HUMMEL’s Membrane Solutions** (via subsidiary Chembond Clean Water Technologies Ltd.) for advanced products like BIO-CEL® MBR, AQUADYN® UF, and MICRODYN spiral membranes. - Recognized as **Frost & Sullivan’s “Indian Water Treatment Chemicals Company of the Year” (2020)**. #### **2. Construction Chemicals (CC)** - Provides specialized chemical solutions for infrastructure and building projects including highways, bridges, airports, railways, and commercial constructions. - Product range includes admixtures, sealants, curing compounds, cementitious materials, and waterproofing agents. - Supported by: - Two **company-owned manufacturing plants** - A **network of toll blending facilities** across India - A central **Application & Development Laboratory** in Gujarat, enabling innovation and quality assurance - Achieved **12% revenue growth** in FY24 driven by demand from public infrastructure projects, including those under **NHAI, PWD, and Metro Rail**. - Focus in FY25 is on **profitability, creditworthiness of customers, and team scaling** rather than aggressive top-line expansion. #### **3. Material Technologies & Industrial Solutions** - Delivers high-performance **metal treatment chemicals, industrial coatings, sealants, and engineering adhesives**. - Key growth areas include: - **Automotive sealants** with enhanced performance properties approved for production lines - **Eco-friendly surface treatment solutions** for steel and coil industries - Energy- and water-saving cleaners developed through focused R&D - Secured supply agreements in the **white goods and cold forming industries**, with exports expanding into **African steel markets**. - Developing **biobased polyamides** and advanced thermoplastics using renewable resources. #### **4. Biosciences (Animal Health & Nutrition)** - Operates in India’s fast-growing **animal healthcare market**, valued at ₹86 billion in 2024. - Livestock (65%), companion animals (25%), and aquaculture (10%) are key market segments. - Focuses on **feed additives**, including: - Probiotics and prebiotics - Enzymes - Biosecurity solutions - Farm management products - Despite a challenging FY23 due to industry headwinds (bird flu, feed cost inflation), the division achieved: - **67% growth in dairy nutrition** - Successful launch of probiotics with improved delivery systems - Expansion into northern and western India - In-house R&D leverages submerged fermentation and downstream processing expertise. #### **5. Chembond Calvatis (JV with Calvatis GmbH, Germany)** - Provides hygiene and cleaning solutions for **food, beverage, dairy, hospitality, and institutional sectors**. - Faced sales decline due to a major customer shifting to a centralized global vendor. - Responding by: - Expanding product lines for **laundry, kitchen, and housekeeping operations** - Strengthening distribution network - Diversifying into new industrial applications - Expected to return to growth from **FY2024–25** onward. --- ### **Strategic Developments** - **Demerger & Reorganization:** The separation of CC and WT into **Chembond Chemicals Limited** (incorporated Dec 2023) allows focused development of each segment, aligned with distinct risk profiles, competition dynamics, and investor appetites. - **R&D Investment:** Plans to increase R&D spending to **5–10% of sales** to drive innovation, particularly in green chemistries, AI-enabled monitoring, and sustainable formulations. - **Digital Transformation:** Actively deploying **AI-based remote monitoring and control systems** in water treatment to enhance service delivery and competitiveness. - **Sustainability Focus:** Developing environmentally advantageous products and promoting water efficiency, reduced energy consumption, and circular economy principles across operations. --- ### **Operations & Infrastructure** - **Manufacturing Plants**: Located in **Baddi, Dudhwada, Navi Mumbai, Pune, Ranipet, Tarapur**, and other strategic locations. - All facilities adhere to **global best practices** in safety, health, and environmental standards. - Strong **back-end infrastructure** includes: - Regional offices - Trained technical workforce - Well-equipped R&D laboratories - Robust supply chain and logistics --- ### **Leadership & Governance** - **Mr. Sameer V. Shah** – Chairman & Managing Director (since 2012), Chemical Engineer; instrumental in driving growth in material technologies, biobased polyamides, and expanding core businesses. - **Mrs. Padma V. Shah** – Promoter family member; contributed to organizational stability and administrative strength since inception. - **Mr. Kamal Tandon** – Appointee Director; brings **38+ years of experience** from Oil & Gas and Petrochemical sectors, including leadership roles at **GAIL** and **ONGC Petro Additions Limited**. --- ### **Recent Performance Highlights** | Segment | Key Developments (as of Jul 2025) | |--------------------------|-----------------------------------| | **Construction Chemicals** | 12% revenue growth; 32% YoY profit increase; strong government project wins | | **Water Technologies** | Portfolio expansion in petrochemicals/refining; momentum in ZLD and reuse solutions | | **Material Technologies** | New eco-friendly cleaners; automotive sealant approvals; African exports | | **Biosciences** | Launched enhanced probiotics; dairy nutrition doubling in FY22; retail JV in Gujarat | | **Chembond Calvatis** | Expanding into institutional hygiene; rebuilding after key customer loss |