[vc_row css=”.vc_custom_1522131798614{padding-bottom: 40px !important;}”][vc_column][vc_column_text css=”.vc_custom_1521025881928{padding-bottom: 20px !important;}”]Among top 15 Globally: Advanced Enzyme Technologies promoter Chandrakant Laxminarayan Rathi is responsible for managing the entire operations of the second largest enzyme manufacturing company in India.

Advanced Enzyme Technologies is among the top fifteen global enzyme companies, with a market share of around 0.9 per cent. The company is engaged in manufacturing, research and development and marketing more than 400 proprietary products, developed from 60 indigenous enzymes.

Advanced Enzyme Technologies was promoted by both Chandrakant and Vasant Laxminarayan Rathi, who have 70 years’ experience in the global enzyme industry. Rathi’s total annual compensation in 2016 was Rs 12,780,000. His current wealth is estimated at Rs 2,730 crore.

The company’s consolidated unaudited financial results for the six months ended September 30, 2016, show its income from operations to be Rs 185.31 crore against Rs 138.85 crore for the same period, a year ago. Advanced Enzyme Technologies earned a net profit of Rs 57.41 crore in the first six months of the ongoing financial year, compared to Rs 33.49 crore in the first half of 2015-16.

The company has clocked a 14.4 per cent CAGR in sales between 2012 and 2016. Its EBITDA grew 22.1 per cent CAGR during the period. Its net profit for the period grew at 23.9 per cent CAGR. Advanced Enzyme Technologies’ top 10 customers accounted for 41.5 per cent of its total revenue in the 2016-17 financial year.

In July 2016, the company made an initial public offer to rid itself of some of its debt. At the launch of the public issue, the company’s promoter and managing director, C. L. Rathi said, “Our debt on the books stands at Rs 101 crore at present, out of which Rs 40 crore will get reduced from the IPO. We have also been regularly paying other debts, which are on the books. So we expect the debt to be less than Rs 50 crore going forward. Also, it (the company) could be totally debt free in a couple of years.”
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