Aether Industries
{{UPE|date=March 2025}}
{{Use dmy dates|date=May 2025}}
{{Use Indian English|date=May 2025}}
{{Infobox company
| name = Aether Industries Limited
| logo = Aether Industries logo.jpg
| logo_upright =
| image =
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| type = Public
| traded_as = {{Unbulleted list|{{BSE|543534}}|{{NSE|AETHER}}}}
| ISIN = {{ISIN|sl=n|pl=y|INE0BWX01014)}}
| founder = Ashwin Desai
| area_served = Worldwide
| key_people = Ashwin Desai
{{small|(Founder and Managing Director )}}
Purnima Desai {{small|(Co-Founder )}}
Rohan Desai {{small|(Co-Founder )}}
Dr. Aman Desai {{small|(Co-Founder and Director )}}
| industry = Conglomerate
| products = {{plainlist|
- Pharmaceutical
- Agrochemical
- Material science
- Coating
- Oil refining
- Food additives
- High performance photography
- Media
- Oil and gas segments
}}
| revenue =
| operating_income =
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| assets =
| equity =
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| num_employees = 1000+
| owner = Ashwin Desai
| subsid =
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| foundation = {{start date and age|2013|df=yes}}
| location_city = Surat, Gujarat
| hq_location_country = India
| homepage = {{official URL}}
}}
Aether Industries Limited is an Indian chemical manufacturing company based in Surat, Gujarat.{{Cite web |date=2024-10-02 |title=Meet Surat's richest man, who once lived in one room, now his net worth is Rs.10,046 crore, his business is... |url=https://www.india.com/business/meet-surats-richest-man-ashwin-desai-who-once-lived-in-one-room-now-his-net-worth-is-rs-10046-crore-his-business-is-aether-industries-7292700/amp/ |access-date=2024-10-17 |website=India.com |language=en}} The company specializes in producing advanced intermediates and specialty chemicals for various industries, including pharmaceuticals, agrochemicals, material sciences, and oil and gas.{{Cite web |last= |first= |date=2024-08-23 |title=Aether Industries Announces Strategic Manufacturing Partnership with SEQENS Group |url=https://chemindigest.com/aether-industries-announces-strategic-manufacturing-partnership-with-seqens-group/ |access-date=2024-10-17 |website=Chemical Industry Digest |language=en-US}}{{Cite web |title=Aether Industries Limited Management Discussions |url=https://www.indiainfoline.com/company/aether-industries-ltd/management-discussions |access-date=2024-10-17 |website=India Infoline |language=en}}
History
Aether Industries Limited was established in 2013,{{Cite web |title=Company History and Annual Growth Details |url=https://www.goodreturns.in/company/aether-industries/history.html |website=Good Returns}}{{Cite news |date=2024-08-27 |title=Buy Aether Industries, target price Rs 1117: HDFC Securities |url=https://economictimes.indiatimes.com/markets/stocks/recos/buy-aether-industries-target-price-rs-1117-hdfc-securities/articleshow/112823298.cms?from=mdr |access-date=2024-10-19 |work=The Economic Times |issn=0013-0389}} initially focused on developing chemical processes.{{Cite web |title=Aether, H.B. Fuller and Saudi Aramco Technologies announce commercialization of sustainable converge polyols |url=https://www.indianchemicalnews.com/technology/aether-hb-fuller-and-saudi-aramco-technologies-announce-commercialization-of-sustainable-converge-polyols-20212 |access-date=2024-10-19 |website=www.indianchemicalnews.com}}{{Cite news |date=2024-01-09 |title=Aether Industries, H B Fuller, Saudi Aramco jointly commercialise sustainable convergeo polyols tech |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/aether-industries-h-b-fuller-saudi-aramco-jointly-commercialise-sustainable-convergeo-polyols-tech/articleshow/106660561.cms?from=mdr |access-date=2024-10-19 |work=The Economic Times |issn=0013-0389}} Revenue operations began in Fiscal Year 2018.{{Cite web |title=Aether Industries commercialized manufacturing site 3 to manufacture speciality chemicals & intermediates |url=https://www.indianchemicalnews.com/chemical/aether-industries-commercialized-manufacturing-site-3-to-manufacture-speciality-chemicals-intermediates-16100 |access-date=2024-10-19 |website=www.indianchemicalnews.com}}
In June 2022, Aether Industries went public with its Initial Public Offering (IPO) on Indian stock exchange.{{Cite web |title=Aether Industries IPO Details - IPO Date, Price, GMP, Analysis & Review |url=https://www.chittorgarh.com/ipo/aether-industries-ipo/1257/#:~:text=Aether%20Industries%20IPO%20bidding%20started,to%20%E2%82%B9642%20per%20share. |access-date=2024-10-19 |website=www.chittorgarh.com |language=en-US}}{{Cite news |last=Nahar |first=Pawan |date=2022-06-03 |title=Aether Industries lists at 10% premium on stock exchanges |url=https://economictimes.indiatimes.com/markets/stocks/news/aether-industries-lists-at-10-premium-on-stock-exchanges/articleshow/91975768.cms?from=mdr |access-date=2024-10-19 |work=The Economic Times |issn=0013-0389}} Following its public debut, the company also conducted a Qualified Institutional Placement (QIP) in June 2023 to raise additional capital.{{Cite web |title=Aether Industries completes QIP to Raise Rs. 750 Cr |url=https://www.indianchemicalnews.com/general/aether-industries-completes-qip-to-raise-rs-750-cr-17944 |access-date=2024-10-19 |website=www.indianchemicalnews.com}}{{Cite web |date=2023-06-23 |title=Aether Industries raises Rs 750 crore through QIP issue — Goldman Sachs, SBI MF among key buyers - CNBC TV18 |url=https://www.cnbctv18.com/business/companies/aether-industries-qip-issue-raises-750-crore-goldman-sachs-sbi-mf-invesco-societe-generale-get-shares-17017801.htm |access-date=2024-10-19 |website=CNBCTV18 |language=en}}
Business operations
Aether Industries produces specialty chemicals and intermediates.{{Cite web |title=Aether Industries Niche specialty chemical producer |url=https://www.capitalmarket.com/pub/nim/nimshow.asp?code=76355&srsltid=AfmBOop9I9JwymBeHk1qY5zOma4mRzRGAxsl0FFJSbTTjiw8p7q3L_Rs |access-date=2024-10-19 |website=www.capitalmarket.com}}{{Cite web |title=Aether Industries Composite of competencies |url=https://bsmedia.business-standard.com/_media/bs/data/market-reports/equity-brokertips/2022-07/16575313330.81069900.pdf |website=Business Standard Institutional Research}}{{Cite web |date=2022-05-25 |title=Aether Industries IPO: Everything you need to know |url=https://indianexpress.com/article/business/market/aether-industries-ipo-everything-you-need-to-know-7934908/ |access-date=2024-10-19 |website=The Indian Express |language=en}}
In 2023, Aether Industries entered into a Contract/Exclusive Manufacturing Agreement with Chemoxy International Limited, a wholly-owned subsidiary of the SEQENS group.{{Cite web |date=2024-08-22 |title=Aether Industries signs exclusive manufacturing agreement with SEQENS for bio-based products - CNBC TV18 |url=https://www.cnbctv18.com/market/stocks/aether-industries-signs-exclusive-manufacturing-agreement-with-seqens-for-bio-based-products-19463893.htm |access-date=2024-10-19 |website=CNBCTV18 |language=en}}{{Cite web |date=2024-08-23 |title=Aether Industries signs exclusive manufacturing agreement with SEQENS for bio-based products - Manufacturing Today India |url=https://www.manufacturingtodayindia.com/aether-industries-signs-exclusive-manufacturing-agreement-with-seqens-for-bio-based-products |access-date=2024-10-19 |language=en-US}}
Employees
As of 31 March 2024, Aether Industries' average employee age is 29 years.{{Cite web |title=Our focus is on organic expansion and building our own plants...: Dr. Aman Desai, Promoter and Whole Time Director, Aether Industries |url=https://www.indianchemicalnews.com/interviews/our-focus-is-on-organic-expansion-and-building-our-own-plants-dr-aman-desai-promoter-and-whole-time-director-aether-industries-231 |access-date=2024-10-19 |website=indianchemicalnews.com}}