Intergrated Annual Report 2023-24
Our Company was founded by Kasturbhai Lalbhai, a legendary Indian, on September 05, 1947, to create wealth in rural India, generate employment on a large scale and make India self-reliant. It is the first private sector company of independent India to be inaugurated by the first Prime Minister of the country, Jawaharlal Nehru, on March 17, 1952. It is a diversified Indian company (a part of Lalbhai Group, one of the oldest business houses in India with a legacy of conducting business with a larger purpose) meeting the needs of varied industries. It is one of the largest integrated chemical companies that has manufactured many products for the first time in India.
The legacy of Kasturbhai Lalbhai has been synonymous with three terms: excellence, perseverance and trusteeship. At Atul, we have the most onerous responsibility to expand and diversify its footprint and follow his figurative footsteps. We are endeavouring to achieve this remit in full measure.
An economist, Balwantrai Mazumdar was a voracious reader, sound thinker, patient listener and a farsighted professional. He created an atmosphere of camaraderie that brought out the collective best in the people of Atul. He was the moving force behind making Atul Complex one of the largest eco-friendly chemical sites of its kind in the world. He remained with the Group till the end of his life as did most of the people who worked with our Founder.
A chemical engineer and the elder son of the Founder, Siddharth Lalbhai dedicated his life to the development of Atul. He accorded equal value to creation of wealth and service to society. The principles of trusteeship he upheld, the personal qualities of integrity, perseverance and simplicity he lived by and the single-minded devotion he gave to tasks on hand will always remain our guiding force.
bird’s eye view of Atul site
Manufactures 900 products
and 400 formulations
Owns 140
brands
Serves 4,000 customers in
88 countries
