...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"!
Company Promoters:
Ashwin Desai
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.
Purnima Desai
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.
Rohan Desai
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.
Chief Technology Officer (CTO):
Dr. James (Jim) W. Ringer
Chief Technology Officer (CTO)
Aether is thrilled to announce the appointment of Dr. James (Jim) W. Ringer as its new Chief Technology
Officer (CTO) with effect from March 1, 2024. Dr. Ringer has already been working with Aether for
the last 3 years as Business Development / Technology Leader (Americas). Previously, Dr. Ringer
had a career spanning more than 30 years in R&D at the Dow Chemical Company (USA). He joined
Dow in 1988, where he worked on the process development of new products for Dow AgroSciences
from 1989 until 2001. Subsequent roles at Dow included Dow AgroSciences New Products
Development Leader (2002), Process Sciences Leader (2002), Senior Technical Leader for
Process Sciences (2004), and Director of Process Chemistry & Development (2010). For 2011-
2018, he was the Director of Engineering & Process Science for the Dow Core R&D organization,
where his teams were responsible for the development and implementation of technology for
numerous business areas spanning electronic, agricultural, pharmaceutical, polymers, specialty
chemicals as well as hydrocarbon feedstocks. During this tenure, his organization generated a 10x
return on the R&D investment (> $ 100 MM per year). As part of the Dow - DuPont merger and
spinoff, he became the Process Development and BioProcessing & BioEngineering Leader for
Corteva AgriScience. Dr. Ringer is a co-inventor on 22 USA patents granted globally. He graduated
from Purdue University (B.S. Chemistry, USA) and University of Wisconsin (Ph.D. Organic
Chemistry, USA).
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. 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.
Dr. Ron Valente, Ph.D.
Business Development Leader
Ron Valente is Business Development Leader for the specialty polyols business. Dr. Valente brings with him
more than 30 years of research, development, and manufacturing experience. Most recently, he served as
President of Aramco Performance Materials which was formed after the Saudi Aramco purchase of Converge
sustainable polyol technology from Novomer, Inc. from 2016-2023. Prior to his role with Aramco Performance
Materials, Dr. Valente was SVP of R&D and Manufacturing at Novomer, inc. (2009 - 2016). Dr. Valente held
various executive positions at Eastman Kodak including head of the Worldwide Process R&D organization for
Specialty Chemicals (2000) and Director of Rochester Film Base Manufacturing (2004 - 2009). Dr. Valente
holds a Ph.D. in Organic Chemistry from the University of Rochester and has 12 US patents and publications.
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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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