The story
History
The Anthea Group has its origins to 1991 with the establishment of Anthea Aromatics Pvt. Ltd. (AAPL) in Navi Mumbai, India, for the manufacture of speciality chemicals used in the perfumery and flavour industry.In 2002, the company established a manufacturing facility in Roha, Maharashtra.
In 2007, AAPL entered into a 50:50 joint venture with DRT, a French company engaged in the development and manufacture of resin and terpene derivatives.
In 2008, the Anthea Group acquired Crown Chemicals Pvt. Ltd., a manufacturing facility located in Tarapur MIDC.
In 2011, DRT acquired a stake in Crown Chemicals, which later became a 50:50 joint venture between DRT and the Anthea Group.
In 2016, ICICI Venture, the private equity arm of ICICI Bank, invested approximately ₹120 crore in the Anthea Group for a minority stake.
The Anthea Group includes multiple companies, including Anthea Aromatics, which was founded by Vincent Paul. He previously served as head of organic chemistry at Hindustan Lever Ltd.
Timeline of Strategic Initiatives / Investments
1992: Commences manufacturing of F&F chemicals in Rabale, Navi Mumbai.
2002: Establishes manufacturing facility in Roha.
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2007: Enters into a strategic tie-up with French multinational DRT (les Dérivés Résiniques et Terpéniques).
2007: Acquires Crown Chemicals in Tarapur.
2008: Establishes DRT-Anthea as a 50:50 JV with DRT. DRT-Anthea sets up new facility in Roha.
2009: Starts manufacturing synthetic Piperonal in Crown Chemicals. Obtains quality approvals from global F&F multinationals.
2011: DRT acquires a significant shareholding in Crown Chemicals, which has since been increased to 50%.
2011: DRT-Anthea purchases a 23,000 sq. m. plot in Roha for future expansion.
2014: Capacity expansion completed in Crown Chemicals.
2016: Group company Catàsynth Specialty Chemicals is formed.
2016: ICICI Ventures picks up minority stake in Anthea Aromatics for Rs 120 crore.
2017: Capacity expansion completed in DRT-Anthea Aroma Chemicals.
From Wikipedia’s article on Anthea Group, shared under CC BY-SA 4.0.3