Anthea Group

Anthea Group
Private
Industry Specialty Chemicals
Founder Dr. Vincent Paul
Headquarters Mumbai, India
Area served
 Europe, North and South America, Asia-Pacific
Key people
 Dr. Vincent Paul
(Chairman)
Dr. Paul Menacherry
(Managing Director)
Mathew Menacherry
(Director)
Mansoor Calcuttawala
(Director)
Arun Khanderia
(Director)
Divisions
  • Anthea Aromatics
  • DRT-Anthea Aroma Chemicals
  • Crown Chemicals
  • Catàsynth Speciality Chemicals
Website www.anthea-aromatics.com

The Anthea Group is a private group of companies engaged in the manufacture and export of a range of specialty chemicals based in Mumbai, India. The Group is a major producer of Fragrance & Flavor chemicals, catering to key F&F multinationals[1] in markets such as North and South America, Europe and the Asia-Pacific region. Additionally, the Anthea Group produces specialty chemicals which are used in a range of applications such as pharmaceuticals, flame retardant polymers and agrochemicals.[2]

History

The Anthea Group has its origins in 1991 with the establishment of Anthea Aromatics Pvt. Ltd. (AAPL), a company that was set up in Navi Mumbai to manufacture specialty chemicals used in the perfumery and flavor industry.[3] In 2002, a new manufacturing facility was set up in Roha, Maharashtra to manufacture a key perfumery intermediate. In 2007, AAPL entered into a 50:50 joint venture with les Dérivés Résiniques et Terpéniques (DRT),[4] a reputed French multinational engaged in the research, development and manufacture of resin and terpene derivatives.[5] In 2008, The Anthea Group took over Crown Chemicals Pvt. Ltd. located at Tarapur MIDC, and revamped this facility to manufacture synthetic Piperonal (Heliotropin) through a novel and eco-friendly route.[6] In 2011, DRT took a substantial stake in Crown Chemicals. Subsequently, DRT increased its stake in Crown Chemicals, which is now a 50:50 JV between DRT and The Anthea Group.[7] In 2016, ICICI Ventures, the private equity arm of ICICI Bank, is investing about Rs 120 crore for a minority stake in the Anthea Group. The Anthea Group is one of the most profitable in India with revenues of over Rs 350 crore (USD 53 million) in 2015 - 16.[8]


Dr. Vincent Paul, Founder of The Anthea Group

Manufacturing facilities

The Anthea Group includes the following companies, spread across 4 locations.[9]

Anthea Aromatics
DRT–Anthea Aroma Chemicals
Crown Chemicals

Research

The Research and Development Center of the Anthea Group is located in Rabale, Navi Mumbai. The Anthea Group claims special focus on green chemistry and eco-friendly processes.[10] The R&D lab has been certified by the Department of Scientific and Industrial Research (India) since 2004.[11]

Development of Synthetic Heliotropin (Piperonal)

Heliotropin (also known as Piperonal), an extract of the Sassafras tree, is used in the manufacture of perfumes, soaps and body lotions. Natural Heliotropin is obtained from Sassafras oil which is extracted from the roots of the Sassafras tree, a species of deciduous trees in the family Lauraceae. The massive commercial felling of Sassafras forests has led to the danger of extinction[12] of the species. It is estimated that around 5 million trees are cut down every year to meet the worldwide demand for Heliotropin.[13] The Anthea Group through its in-house research developed a synthetic grade of Heliotropin having a high purity, and has set up manufacturing facilities in Group company, Crown Chemicals.[14] Synthetic Piperonal manufactured in Crown Chemicals is widely used in Fragrance, Flavor and Pharmaceutical applications.

The US Food and Drug Administration has found synthetic Piperonal to be safe for human consumption.[15]

Timeline of Strategic Initiatives / Investments

References

  1. ↑ "2009 - 2013 Flavor & Fragrance Industry Leaders". Retrieved 23 Feb 2015.
  2. ↑ "About: Overview". Retrieved 19 Feb 2015.
  3. ↑ "OUR PARTNER : ANTHEA AROMATICS - INDIA". Retrieved 19 Feb 2015.
  4. ↑ "SUBSIDIARIES". Retrieved 19 Feb 2015.
  5. ↑ "DRT, dedicated to responsible chemistry". Retrieved 19 Feb 2015.
  6. ↑ "Crown Chemicals Private Ltd.". Retrieved 19 Feb 2015.
  7. ↑ "Sustainable chemistry leader DRT acquires shares in Crown Chemicals, specialized in the manufacture of Synthetic Piperonal". Retrieved 19 Feb 2015.
  8. ↑ "ICICI Venture picks up minority stake in Anthea Aromatics for Rs 120 crore". Retrieved 28 Apr 2016.
  9. ↑ "Facilities". Retrieved 19 Feb 2015.
  10. ↑ "NEWS : Presentation of the ANTHEA AROMATICS range of products". Retrieved 19 Feb 2015.
  11. ↑ Page 10, Sl. no. 103. "DIRECTORY OF RECOGNISED IN-HOUSE R&D UNITS" (PDF). http://www.dsir.gov.in. New Delhi: Department of Scientific and Industrial Research (India). Retrieved 23 Feb 2015. External link in |website= (help)
  12. ↑ "Sassafras Oil: Supply sources". Retrieved 20 Feb 2015.
  13. ↑ "Piperonal production, leading to large-scale deforestation". Retrieved 19 Feb 2015.
  14. ↑ "OUR PARTNER : CROWN CHEMICALS PVT LTD - INDIA". Retrieved 19 Feb 2015.
  15. ↑ "CFR - Code of Federal Regulations Title 21". Retrieved 20 Feb 2015.
  16. ↑ "The group development". Retrieved 24 Feb 2015.
  17. ↑ "DRT acquires shares in Crown Chemicals". Retrieved 27 Feb 2015.
  18. ↑ Page 1, Item 13. "Important Notice" (PDF). https://ec.maharashtra.gov.in/. Mumbai: State Level Expert Appraisal Committee. Retrieved 24 Feb 2015. External link in |website= (help)
  19. ↑ "ICICI Venture picks up minority stake in Anthea Aromatics for Rs 120 crore". Retrieved 28 Apr 2016.

External links

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