[ 62 ] | INTERVIEW
on and its impact on the company?
“ENTERING INTO CHLOR ALKALI AND NEW SEGMENTS”
Ankit Patel, Executive Director, Bodal Chemicals Ltd. shares his insights on global trends, milestones achieved, growth forecast, R&D initiatives, expansion plans, Capex, and others. Excerpts of the interview: diates player in India with 20-25 per cent capacity of India’s total capacity. In the current global Industrial trend, the entire world is seeing India as the upcoming second largest manufacturing hub of the world and it is obvious that all the manufacturing companies specifically chemicals will benefit from the same.
ANKIT PATEL
EXECUTIVE DIRECTOR, BODAL CHEMICALS LTD.
Global trends in Dyes, Intermediates and Dyestuff in 2021 and how will it impact India? Indian dyestuff sector has been a consistent and strong supplier across the world for a few decades now. Bodal being most integrated and with large export and domestic sales network, it is going to benefit a lot from the fast-growing dyestuff demand from across the world. Dye Intermediates sector does not have much availability from Chinese players so Indian players are going to have a good run in 2021. Bodal is the largest dye interme-
Global trends in Speciality Chemicals in 2021 and how will it impact India?
If we see FY 2020-21, it will be a very challenging year for the entire world as the economical trend is down on all fronts. As per Bodal Chemicals focus, we are in acquisition mode for the last three years and in those acquisitions, few are strategic and has built our strength and helped us to enhance the overall ecosystem. Our expansion of business is not limited to India only but also at a global level in countries like China, Turkey, Europe, Indonesia etc. We are also focusing on new products like Benzene and its derivatives. We are now entering chlor alkali with the latest acquisition in North India so these new sectors will contribute to our existing business performance.
Company’s performance expected in terms of revenue and profit during FY 2020-21 and what is the forecast in FY 2021-22? What are the growth drivers? In the coming year, we are looking forward to achieving higher growth. The latest acquisition and new product development will help Bodal to grow big.
How has the company performed internationally and what are your plans for exports? Are you focusing on any new geography internationally?
We have acquired companies in Turkey, The COVID-19 has opened doors for Europe and have a subsidiary in China many Indian chemicals compaso we can easily cater to the respecnies. Now the world has started tive geographical territory. We seeing India as an alternate are also planning to focus “In the coming year, and strong source for their on other global territories, we are looking at chemical requirements where we have a good higher growth” and they are seeing comcustomer base and depanies who can provide mand. These business a one-stop solution for decisions will help us to many of their requireenhance our export busiments and Bodal has that ness and develop a global platform, where it can fulfil the presence. requirements of different industries by our integrated ecosystem. The company is planning to in-
Key milestones achieved by Bodal Chemicals in FY 2020-21 and what are your plans for FY 2021-22? What are the new products that you are focusing
crease its efforts towards R&D and innovation. Please take us through key R&D initiatives that the company is focusing on in 2021 and your achievements in 2020?
