Neochem Bio

About the Company

Neochem Bio Solutions Limited is a specialty performance chemical manufacturer with a legacy of over four decades. The company traces its roots to 1978 and was incorporated as a private limited entity in 2017. It is promoted by Swapnil Rameshbhai Makati and Hemangini Swapnil Dathia. Neochem develops over 350 customized formulations across polymers, surfactants, silicones, esters, and bio-based solutions. Its products serve diverse industries, including textiles, home and personal care, institutional cleaning, water treatment, paints and coatings, paper and pulp, construction, rubber, and dyes and pigments. The company operates on a formulation-driven business model focused on application-specific solutions. It offers certified products backed by ISO 9001:2015, ISO 14001, ISO 45001, ZDHC Level 3, and GOTS 7.0 accreditations. Strong technical capabilities, a diversified product range, and long-standing industry experience form the company’s key strengths.

Strengths

• Diversified portfolio of 350+ speciality chemical formulations across multiple end-use industries.
• Strong industry presence backed by four decades of technical and formulation expertise.
• Accredited with ISO 9001:2015, ISO 14001, ISO 45001 and product certifications like ZDHC Level 3 & GOTS 7.0.
• Serving wide applications including textile, HPC, water treatment, coatings, paper, construction, rubber, and dyes.
• Strong revenue and profitability growth with improving margins and high ROCE performance.

Risks

• Significant dependence on top customers, with the top 5 customers contributing a major share of revenues.
• Exposure to credit risk due to reliance on customer receivables.
• Inability to attract or retain key managerial and technical employees may impact operations.
• Trademark protection risks due to pending registrations and potential third-party infringements.
• Dependence on bank credit facilities for working capital may affect liquidity and operations if disrupted.