Atul Ltd

Corporate Profile
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1947
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August 15, 1947 - India attains independence India begins its journey as a free country as its first Prime Minister, Pandit Jawaharlal Nehru hoists the national flag at the historic Red Fort All this is well-known

What is not well-known is the fact that the colorants used to dye the

national flag were manufactured in a

small village in Valsad District of Gujarat State

This village acquired its name from

the company that was founded there

Atul

Welcome to a journey called ATUL

A journey that began on September 15, 1947 exactly one month after independent India started its own long march towards progress

and prosperity
A journey that began with small, but firm steps through rough paths and difficult terrain A journey that overcame obstacles and challenges with

VISION

VENTURE

VALUES

First site of Atul

Land Water storage Captive power generation Incinerator

1,400 acres 2 million cubic metres 40 megawatts 48 kilo litres |day (Liquid) 13 metric tonnes |day (Solid)

Liquid effluent treatment Solid waste disposal R&D facilities Certifications

30,000 cubic metres | day 50,000 metric tonnes 8,000 square metres ISO 9001 and 14001

First site of Atul

Houses

Schools

Learning centre

Guest houses

Sports club

Medical centre

Index
Privileged Legacy
Visionary Founder Incomparable Beginning Purpose Values Serving 27 Diverse Industries Building Relationships Global Endeavours Depth in Science Pioneering Efforts Businesses Joint Ventures Sustainability People Performance Indicators Corporate Information Board of Directors Contact Details

Privileged Legacy

Lalbhai Group
One of the most reputed business houses in India Commenced manufacturing activities in 1896 Textiles, Chemicals, Engineering, Real Estate, Agriculture Group sales US$1.5 billion

Shri Lalbhai Dalpatbhai

Visionary Founder

Man of rare vision, strong determination and selfless sense of purpose who made seminal contributions to social causes Reflective and farsighted business leader who foresaw growing need of India to become self-reliant

The Atul Products Ltd (renamed Atul Ltd in 1996) was incorporated on September 15, 1947

Shri Kasturbhai Lalbhai

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Incomparable Beginning

Atul became the first private sector company of India to be inaugurated by the first Prime Minister, Pandit Jawaharlal Nehru, on March 17, 1952

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Purpose
We are committed to significantly enhance value for our Stakeholders by:

Fostering a spirit of continuous learning and innovation, Adopting the developments science and technology,

Providing high-quality products and services, thus becoming the most

preferred partner,

Having people who practice Values and high standard of behaviour, Seeking sustained, dynamic growth and securing long-term success, Taking responsible care of the surrounding environment and Improving the quality of life in the communities we operate in.

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Values
We are committed to institutionalise our Key Values

Integrity

Working with honesty and highest standards of professionalism

Understanding Connecting with others based on Understanding of human relationships

Unity

Harnessing unique abilities through interconnectedness and interdependence

Responsibility

Taking ownership of actions with a spirit of trusteeship

Excellence Striving from within to improve, innovate and excel

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Serving 27 Diverse Industries

Aerospace

Agriculture

Automobile

Defence

Electrical and Electronics

Flavour and Fragrance

Paper

Paint and Coatings

Personal Care

Pharmaceutical

Textile

Tyre

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Building Relationships
with 4,000 Customers...and counting

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Global Endeavours

Customers
80 countries

Subsidiary Companies
Brazil (Sao Paulo), China (Shanghai), UK (Cheshire) and USA (Charlotte)

Manufacturing Sites
India (Ankleshwar, Atul, Jodhpur and Tarapur) Germany (Dsseldorf), South Korea (Ulsan) Switzerland (Lugano) and UK (Bristol)

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Depth in Science
Expertise in Unit Processes

Acylation Acidification Alcoholysis Alkylation Amidation Amination Arylation Bromination Carboxylation Caustic fusion Chlorination Chloromethylation Chlorosulfonation Condensation Cyanation Cyanoethylation Cyclisation Dehydration Diazo coupling Esterification Etherification Friedel-craft Grignard Glycidation

Halide exchange
Hydrogenation Hydroxylation Hydrolysis Iodination Methylation N-Alkylation Nitration O-alkylation Oxidation Phosgenation Reduction Sandmayer Saponification Sulphonation Sodiation Wittig

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Depth in Science
Expertise in Unit Operations
Absorption Adsorption Biological Reaction Crystallization Decantation Distillation Azeotropic Flash Fractional Reactive Vacuum Drying Agitated nutch film Agitated thin film Rotary Spin flash Spray Tray Evaporation Falling film Multi-effect Extraction Batch Continuous Agitated nutch Centrifuging Filter press |nutch Mono press belt Nano Rotary vacuum drum Vacuum belt

Filtration

Grinding Neutralization Reaction Batch Continuous

Reverse Osmosis
Scrubbing Stripping

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Pioneering Efforts
First Company of India to
manufacture p-Cresol manufacture Resorcinol manufacture dyes and dye-intermediaries on a large scale manufacture 2,4-D Acid and its derivatives manufacture Sulphonylureas propagate tissue cultured date palms (in collaboration with the Government of Rajasthan) manufacture Dapsone manufacture Epoxy hardeners and resins

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Businesses
Divisions
Aromatics Bulk Chemicals Colors Crop Protection Floras Pharmaceuticals Polymers

Units
Commercial Finance Human Resources Infrastructure Information Technology Research Technology and Manufacturing

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Aromatics

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Aromatics

largest manufacturer of p-Cresol in the world largest manufacturer of p-Anisic aldehyde in the world largest manufacturer of p-Anisic alcohol in the world portfolio comprises 37 products serving 356 customers in 27 countries ISO 9001 and ISO 14001 accreditation

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Bulk Chemicals

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Bulk Chemicals

largest manufacturer of Resorcinol in India one of the largest manufacturers of 1,3-Cyclohexanedione in India one of the largest manufacturers of Anisole in India one of the leading manufacturers of Sulphur trioxide and Sulphur dioxide in India

portfolio comprises 26 products

serving 205 customers in 19 countries ISO 9001 accreditation

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Colors

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Colors
first business of Atul largest manufacturer of Sulphur Black in India one of the largest manufacturers of Vat dyes in the world one of the leading manufacturers of speciality Acid, Direct, Disperse, Reactive dyes most of dyes certified by Global Organic Textile Standard member of Ecological and Toxicological Association of Dyes and Organic Pigments Manufacturers portfolio comprises 695 products serving 324 customers in 40 countries ISO 9001 accreditation

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Crop Protection

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Crop Protection

one of the largest manufacturers of 2,4-D Acid and its derivatives in the world one of the largest manufacturers of Benzyl chloroformate in the world one of the largest manufacturers of Indoxacarb in India one of the leading manufacturers of Sulfonylureas and Isoprothiolane in India portfolio comprises 76 products

serving 1,469 customers in 29 countries

ISO 9001 accreditation

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Floras

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Floras

one of the largest producers of tissue cultured date palms in the world production facilities located in Atul, Ankleshwar and Jodhpur portfolio comprises 22 products serving 68 customers in 2 countries

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Pharmaceuticals

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Pharmaceuticals

largest manufacturer of 4,4-Diaminodiphenyl sulfone in the world

largest manufacturer of 3,3-Diaminodiphenyl sulfone in the world largest manufacturer of Dapsone (anti-bacterial drug) having a GMP facility with DMF filed in the USA and EU countries

one of the leading manufacturer of Phosgene based specialty chemicals and Pharmaceutical intermediates

portfolio comprises 29 products serving 147 customers in 19 countries ISO 9001 and ISO 14000 accreditation

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Polymers

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Polymers
one of the largest manufacturers of Epoxy hardeners and resins in India one of the leading manufacturer of Chloroprene rubber and Polyurethane based adhesives Atul Elkay Polymers, a joint venture, provides complete range of stone care chemicals portfolio comprises 457 products serving 1,032 customers in 18 countries ISO 9001 accreditation

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Joint Ventures

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Joint Ventures

Partner
American Cyanamid ICI

JV Company
Cyanamid India Atic

Holding

Period

Product | Product Group(s)

Agrochemicals Pharmaceuticals Textile dyes Epoxies hardeners and resins

35% - 65%

1947-2000

50% - 50%

1955-1995

Ciba-Geigy

Cibatul

65% - 35%

1960-1999

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Joint Ventures - Current

Partner

JV Company
Atul Rajasthan Date Palms Atul Elkay Polymers Rudolf Atul Chemicals

Holding

Period

Product | Product Group(s)

Date palm tissue culture Stone care chemicals Textile chemicals

Government of Rajasthan Elkay Kimyasal Maddeler San ve Tic Rudolf

74% - 26%

2010

51% - 49%

2011

50% - 50%

2011

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Sustainability

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Sustainability
As a responsible chemical company, Atul has taken initiatives on Sustainability from its very inception, focusing on the following areas:

Economic
Environmental Social

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Economic
Our focus areas

Procurement practices Manufacturing efficiencies Energy efficiencies

Research and Development

Fixed cost Crisis management Investments Market presence | Growth Risk assessment Corporate Governance

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Environment
Our focus areas

Compliance Emissions Effluents Wastes Natural resources Biodiversity Green technologies

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(internal)
Our focus areas

Child labour
Customer Health and Safety Customer privacy Occupational Health and Safety

Social

Diversity and equal opportunity

Employee rotation Collective bargaining Non-discrimination

Training and Development

Grievance mechanism Transportation of goods Public policy

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(external)
Our social initiatives listed below are detailed separately in

Social

Atul Foundation presentation

Conservation

Education
Empowerment Health

Infrastructure
Relief

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People

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People

Atul has a legacy now defined by its Values - where transparency, respect,
camaraderie, passion (for work) and meritocracy are encouraged. The Company is consistently improving its HR processes, particularly those related to recruitment, performance management and training and development. In this environment, a job does not remain just a means of livelihood, but also a place of work where one can grow, personally and professionally.

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Performance Indicators

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Sales

` cr

2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 0

1,964
1,746 1,508

1,159 817 568 682 895 998

1,168

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

Net Sales

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Profitability

` cr

200 190 180 170 160 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0

187

129 116 80 51 20 26 35

7
2003-04

19

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

Operating PBT

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Ratios

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21.13
20

18.46 16.93

15

%
10

11.19 8.81 9.42

13.09

6.98
4.88

8.41

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

RoCE %

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Ratios

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20

18.74 16.35

15

%
10

11.23 8.56 6.60 8.73 8.80

13.56

8.95

0.70
0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

RoNW %

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Board of Directors

Mr G S Patel Ex-Chairman UTI

Dr S S Baijal Ex-Chairman and CEO ICI (India)

Mr S S Lalbhai

Mr B S Mehta Past President ICAI

Mr H S Shah Ex-Chairman and MD IPCL

Mr S A Lalbhai Ex-MD Arvind

Mr S M Datta Ex-Chairman Unilever India

Mr B N Mohanan

Mr V S Rangan Executive Director HDFC

Mr R A Shah Senior Partner Crawford Bayley

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Corporate Information
Head Office
Atul 396020 Gujarat India E-mail: sec@atul.co.in Website: www.atul.co.in

Registered Office
Ashoka Chambers Rasala Marg Ahmedabad 380006 Gujarat India

Company Secretary
Gopi Kannan Thirukonda

Bankers
Axis Bank Bank of Baroda Bank of India Export Import Bank of India State Bank of India

Auditors
Dalal & Shah

Cost Auditors
R Nanabhoy & Co

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For more details, please get in touch at: corporate_communications@atul.co.in

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