Astec Lifesciences Ltd
NSE: ASTEC BSE: 533138
₹726.50
+5.15 (0.71%)
Fri, 23 Oct 2026, 02:09 pm
Market Cap (in Cr)1606.81
PE Ratio0
Dividend0
Process Industries
Chemicals: Agricultural
24.5KAstec Lifesciences Ltd Company History
1993
- Behram Chemicals Private Limited was initially promoted by Mr. Jehangir J. Mistry, Mrs. Villoo J. Mistry, Mrs. Kamla G. Sippy and Mr. Surinder Kumar Verma in April.
1994
- The Company was incorporated as Urshila Traders Private Limited on January 25.
- The name of the Company was changed to Astec Chemicals Private Limited in August.
- The first manufacturing unit was commenced at Dombivli, Maharashtra in August.
- The shareholding of the original promoters was purchased by Mr. Ashok V Hiremath and Mr. Pratap Garud on February 11.
1998
- Further shares were allotted to M.C. Chemicals and some members of Gangani family in August.
2001
- The Company was certified ISO 9002 by International Standards Certification Pty Limited, Australia in May.
2002
- The Company entered into an agreement with Behram Chemicals Private Limited in February.
2003
- Total installed capacity of the units was expanded from 250 MT to 500 MT.
2004
- The agreement with Behram Chemicals Private Limited was renewed for a further period of 66 months in August.
- A plot was acquired at B-17, Mahad, Maharashtra.
2005
- A new manufacturing facility was set up as an Export Oriented Unit (EOU) at Mahad, Maharashtra.
- The Company was re-certified ISO 9001:2000 by International Standards Certification Pty Limited, Australia in March.
2006
- The name of the Company was changed to Astec LifeSciences Private Limited in March.
- Astec LifeSciences Private Limited was converted into a public limited company in April.
- Total installed capacity was expanded to 2000 MT during 2006-07.
2007
- Astec Europe was established in Tournai, Belgium in January.
- Behram Chemicals Private Limited became a subsidiary of Astec Lifesciences Limited by acquisition of 65.63% shares in April.
2011
- Registered Office of the Company was shifted to Elite Square, 7th Floor, 274, Perin Nariman Street, Fort, Mumbai - 400001.
2012
- Astec entered into an exclusive long term contract with a multinational company to manufacture and supply a fungicide
- Astec recommended a dividend of fifty paise per share.
2013
- Astec Lifesciences Ltd recommended a dividend of Seventy Five paise per share.
- Mr. Ravindra Inani was appointed as Chief Financial Officer (CFO) of the Company.
2014
- Appointed Dr. Leena Raje as the new Woman Director.
- Astec Lifesciences Ltd recommended enhanced dividend of Rupee One per share.
2017
- Astec Lifesciences Ltd received Certificate of Merit for Performance in Industrial Safety 2017
2018
- Astec Lifesciences Ltd Wins Indian Chemical Council (ICC) Award For Excellence In Management
- Astec Lifesciences Ltd amalgamated with Godrej Agrovet Limited
2019
- Astec Lifesciences Ltd was awarded ICC Award for Excellence in Human Resource Management
2020
- Astec Lifesciences Ltd is stake entire equity in Astec Europe Sprl
2021
- Astec LifeSciences Limited commenced commercial production at its new Herbicide plant at Mahad
2023
- Astec LifeSciences launches Rs. 100 crore Adi Godrej Center for Chemical Research and Development.
- Astec LifeSciences launches R&D Center to develop new crop protection formulations.
