Rossari Biotech Limited was founded in 2003 as a partnership firm in the name of Rossari Labtech by Mr. Edward Walter Menezes, and Mr. Sunil Srinivasan Chari, who are both career-technocrats cumulatively having over 45 years of experience in the specialty chemicals industry. It was further renamed Rossari Biotech Limited and converted into a company in 2009. Since its inception, the company has focused on providing customized solutions to its customers in a cost and time-efficient manner. The company believes its success is the result of sustained efforts over the decades in all areas of its business, such as product innovation, process improvements for its customers’ production cycle, agile customized solutions, our sustainable eco-friendly portfolio of products and increased scale of operations. The vision of Rossari is to be the leading and most reliable solution provider globally in its sectors of choice with a focus on sustainability.
Mr. Puneet Arora is the Chief Executive Officer – Textile Chemicals Global. He holds a bachelor’s degree in commerce from the Ambedkar College of Commerce and Economics, University of Bombay. He has been associated with the Company since incorporation. Recently team Textile Focus had a conversation with Mr. Puneet Arora. Key points of the conversation has been mentioned below-
We expect to achieve sustainable growth with investment in technology and enhancing productivity.
Puneet Arora, Chief Executive Officer, Rossari Biotech Limited
Textile Focus: Could please share with us the recent scenario of the Chemical Business?
Puneet Arora: Indian specialty chemical now at $32 Billion going to become $40 Billion in 2025. Crop care, Surfactants, Polymeric compounds and textile performance chemicals are bright spots. Emerging are personal care, sealants, and water treatment chemicals.
Textile Focus: In the 2nd wave of Covid-19 what is the impact of chemical sales on the global market?
Puneet Arora: Business looks strong at the moment, hampered somewhat by the availability of key raw materials. Demand for specialty chemicals remains very bullish – with an increasing focus on wellness, cleaning and hygiene. Covid has exposed the supply-chain gap and how fragile was the global supply chain. Markets such as Turkey, Mexico, Egypt, which enjoy proximity to EU and USA are doing well and the mood is upbeat.
Textile Focus: How do you see the Bangladesh market?
Puneet Arora: Extremely well poised to withstand this situation and take up emerging opportunities. The country enjoys preferential trade agreements with major international markets. All the key economic indicators are showing a positive swing. BD is the second-largest garment exporter in the world with annual exports of around 34 Billion USD.
Textile Focus: What is the future plan of Rossari Biotech Limited?
Puneet Arora: Focus on the organization’s core strengths – innovative product development, robust internal processes and ensuring customer delight. We expect to achieve sustainable growth with investment in technology and enhancing productivity. Meeting demand for performance finishes, Rossari has built a base in this segment and continues to expand with its agility in the high-value performance effects such as Hydrophillics, Antimicrobials, Micro-encapsulated with an entire range of Wellness products. Offering all relevant products and solutions with deep-rooted engagement with all our stakeholders remains our commitment.