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Gem Aromatics

Gem Aromatics

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Highlights

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Overview

Gem Aromatics Limited was originally incorporated as ‘Gem Aromatics Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to certificate of incorporation dated October 3, 1997. Upon the conversion of the company into a public limited company in 2023 and the name of the company was changed to, ‘Gem Aromatics Limited’, and a fresh certificate of incorporation dated August 17, 2023, was issued by the Registrar of Companies, Maharashtra at Mumbai.

The company is an established manufacturer of specialty ingredients, including, essential oils, aroma chemicals and Value-Added Derivatives in India with a track record of over two decades. It offers a diversified portfolio of products, ranging from the Mother Ingredients to its various Value-Added Derivatives. Its products find application across a broad spectrum of industries, such as, oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness and pain management and personal care. It is one of the prominent essential oils and Value-Added Derivatives manufacturers in India, based on value and volume manufactured, specializing in products that are derived from mint and clove oil. Its in-house manufacturing and R&D capabilities have contributed towards its track record of product innovation and launches and assisted the company with maintaining consistent product quality.

Its track record, diverse product portfolio and brand recall has helped the company establish several leadership positions within its product portfolio, for instance, in India, it has a dominant presence in essential oil-based products and derivatives that are manufactured from mint, clove, eucalyptus oils and other essential oils. The largest segments under essential oil are -- Orange oil, Mint oil, Clove oil, and Eucalyptus oil. The company is present in three of the four major categories. 

Business area of the company 

The company manufactures essential oil-based products and derivatives in India while specializing in products that are derived from mint, clove, eucalyptus and other essential oils which finds application across broad spectrum of end user industries. It carries on manufacturing operations at the plants located at Silvassa (Dadra & Nagar Haveli) Badaun (Uttar Pradesh) and Dahej (Gujarat). It offers several products across its product categories, namely, (i) mint and mint derivatives; (ii) clove and clove derivatives; (iii) phenol; and (iv) other synthetic and natural ingredients. 

Products of the company

  • Peppermint Oil
  • Menthol
  • DMO
  • Clove Oil
  • Eugenol
  • Eucalyptus Oil
  • Anethole
  • MEHQ
  • Guaiacol
  • 4MAP
  • BHA
  • Cooling Agents

Awards, accreditations and recognition 

  • 2014: Certificate of recognition for the company’s valuable association as a “Business Partners” by Colgate-Palmolive (India) Limited.
  • 2020: Federation of Indian Export Organisation in the 1st set of export excellency awards (2019-2020) awarded the company “One star Export Category-MSME”.
  • 2021: Federation of Indian Export Organisation in the 2nd set of export excellency awards (2020-2021) awarded the company “Two star Export Category-MSME”.
  • 2022: Participation award for contributing to International Congress and Expo by Essential Oil Association of India.
  • 2024: Federation of Indian Export Organisations (Western Region) awarded the company as an “Associate Bronze Partner” of the Western Region 8th and 9th set of export excellence awards.
  • 2024: Received an award for outstanding export performance for the year 2020-21 at the Chemexcil Exports Award held in December 2024.

History and milestones

  • 1997: Inaugurated the Silvassa Facility.
  • 1999: Commencement of operations in the Silvassa Facility.
  • 2008: Executed the company’s first export order.
  • 2009: Introduced a new vertical - Clove Oil.
  • 2016: Commenced production at Budaun Facility.
  • 2018: Achieved Rs 1,648.30 million in revenue and achieved a growth of over 100% in terms of year-on-year revenue.
  • 2019:  Received a strategic investment by doTERRA Enterprises, Sarl.
  • 2020: The company’s Material Subsidiary made its first sale of $202,608.
  • 2021: Received a 2-star export house status in accordance with the provisions of Foreign Trade Policy, 2015-2020 valid for a period of 5 years effective from August 3, 2021 to August 3, 2026, from Directorate General of Foreign Trade, Ministry of Commerce and Industry.
  • 2023: Achieved Rs 4,247.93 million in revenue from operations on a standalone and consolidated basis.
  • 2024: Received a 3-star export house status in accordance with the provisions of Foreign Trade Policy, 2023 valid for a period of 5 years effective from December 23, 2023 to March 31, 2028, from Directorate General of Foreign Trade, Ministry of Commerce and Industry.

Brands Of Gem Aromatics

Brands Of Gem Aromatics

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