...led by our Promoters (with over 125 years of combined experience in speciality chemical industry), along with a dedicated and experienced team, who we call "AETHERIANS"!
Founding Promoter, Managing Director
Ashwin Desai is the founding Promoter and Managing Director of our Company. He holds a bachelor’s degree in Chemical Engineering from Institute of Chemical Technology (ICT, formerly University Department of Chemical Technology, UDCT, Mumbai, 1974). He has been awarded the Distinguished Alumnus award by Indian Chemical Technology in 2010. Ashwin Desai has multiple decades of experience in the speciality chemical industry. Prior to incorporation of our Company, he was the founding member of Anupam Rasayan India Limited and was the Chairman and Managing Director of Anupam Rasayan India Limited till 2013. At Aether, Ashwin Desai is responsible for creating the overall vision of the Company and is actively involved in all techno-commercial departments. He focuses on innovative chemical engineering solutions for our R&D, pilot plant, and production processes and is also responsible for leading our core competency in continuous reaction and flow technology.
Promoter, Whole Time Director
Purnima Desai is a Promoter and Whole Time Director of our Company. With multiple decades of experience in the speciality chemical industry, she leads the overall accounting and finance operations of our Company. She has a bachelor’s degree from the University of Delhi (1975). Purnima Desai was previously a Director at Anupam Rasayan India Limited until 2013.
Promoter, Whole Time Director
Rohan Desai is a Promoter and Whole Time Director of our Company. He has extensive experience in the speciality chemical industry and looks after the entire commercial portfolio (including sales, finance, strategic procurement, human resources and systems) of our Company. He has a bachelor’s degree from South Gujarat University of Commerce (SPB VNSG), Surat. Rohan Desai was previously a Director at Anupam Rasayan India Limited until 2013.
Dr. Aman Desai
Promoter, Whole Time Director
Dr. Aman Desai is a Promoter and Whole Time Director of our Company. He is responsible for our R&D, pilot plant, and production operations, new projects, and technical business development, and has over 10 years of experience in the speciality chemical industry. Dr. Aman Desai has a bachelor’s degree in Chemical Technology (Intermediates and Dyestuff Technology, 2005) from Institute of Chemical Technology (ICT formerly known as University Department of Chemical Technology, UDCT, Mumbai) and has a Doctor of Philosophy (PhD) degree in Organic Chemistry (with a focus on chiral chemistry) from Michigan State University (USA, 2010). His doctoral research was published in the Journal of the American Chemical Society and was also featured in Chemical & Engineering News in 2010. Dr. Aman Desai was then a Project Leader in the Process Development group in Core R&D Headquarters at the Dow Chemical Company in Michigan (USA). Dr. Aman Desai has been awarded the UAA Young Achiever Award in 2018 in the UAA-ICT Distinguished Alumnus Awards from his alma mater, Institute of Chemical Technology, Mumbai, India. He is the author/co-author of 25 publications in international technical journals. He has been granted 4 patents in USA, and these patents are published worldwide.
Global Technology / Business Development Team (SMP):
Raymond (Ray) Roach
Business Development Leader (Americas)
Raymond (Ray) Roach is the Business Development Leader (Americas) of our Company. He holds a bachelor’s degree in Science and a master’s degree in Chemical Engineering from the University of Pittsburgh (USA). He has multiple decades of experience in the chemical industry. Before joining our Company, Ray Roach has previously worked at The Dow Chemical Company (USA). Ray Roach is the inventor / co-inventor on 7 patents granted in USA and published worldwide.
Dr. James (Jim) Ringer
Business Development Leader (Americas)
Dr. James Ringer is the Business Development Leader (Americas) of our Company. He holds a bachelor’s degree in Science from Purdue University (USA) and a Doctor of Philosophy (PhD) degree in Organic Chemistry from University of Wisconsin (USA). He has multiple decades of experience in the chemical industry. Before joining our Company, Dr. James Ringer has previously worked at The Dow Chemical Company or its subsidiaries, for more than 30 years, in various positions including Director R&D, R&D Director II, and Leader R&D Director. He is the inventor / co-inventor on 22 patents granted in USA and published worldwide.
Dr. Norbert Flüggen
Business Development Leader (Europe)
Dr. Norbert Flüggen is the Business Development Leader (Europe) of our Company. He holds a diploma in Physics and a Doctorate of Natural Sciences (PhD) degree from the University of Hannover (Germany). He has multiple decades of experience in the chemical industry. Before joining our Company, Dr. Norbert Flüggen has previously worked with ALTANA AG, Germany.
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ELECTRONIC VERSIONS OF THE PLACEMENT DOCUMENT YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY AETHER INDUSTRIES LIMITED IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY. ACCESS TO THIS WEBSITE SHALL NOT FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY CONTRACT OR COMMITMENT WHATSOEVER. WE ARE NOT SOLICITING ANY ACTION OR DECISION BASED ON THE INFORMATION ON THIS WEBSITE.
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THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY AETHER INDUSTRIES LIMITED (THE “COMPANY”) IN CONNECTION WITH A QUALIFIED INSTITUTIONS PLACEMENT AND SOLELY TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE “SEBI ICDR REGULATIONS”).
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The placement and distribution of the placement document dated June 19, 2023 (the “Placement Document”) is being done in relation to the proposed qualified institutions placement of the equity shares of the Company, having placed reliance on Chapter VI of the SEBI ICDR Regulations.
The attached Placement Document and any other materials placed herein (the “Materials”) are so placed pursuant to the SEBI ICDR Regulations and are not intended to nor constitute an invitation to subscribe or a solicitation to offer to subscribe to the securities referred therein. The placement document shall be filed as a private placement offer letter with the stock exchanges. Unless a pre-numbered Placement Document accompanied by an application form is addressed to a specific person inviting such person to make a bid through such application form, no offer and/or invitation of offer shall be deemed to have been made.
Unless specified otherwise, the information in the Placement Document is as of the date thereof and neither the Company, its directors nor HDFC Bank Limited and SBI Capital Markets Limited (together, the “Book Running Lead Managers”) are under any obligation to update or revise the Placement Document to reflect circumstances arising after the date thereof.
The Placement Document is personal to each prospective investor and does not constitute an offer or invitation or solicitation of an offer to the public or any other person or class of investors within or outside India other than eligible qualified institutional buyers, as defined in the SEBI ICDR Regulations. The Placement Document has not been and will not be registered as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India, will not be circulated or distributed to the public in India or any other jurisdiction, and will not constitute a public offer in India or any other jurisdiction. The Placement Document should not be construed as an offer document under the SEBI ICDR Regulations or any other applicable law.
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