Annual Report FY 2011-12 - PI Industries

Research & Development
Your Company’s research collaboration with M/s Sony Corporation of Japan continues to perform ably and supports the
development of commercial processes in the areas of electronic chemicals.
The Research and Development team continues to work on new areas of fine chemical business and have successfully carried
out synthesis and scale-up for several new molecules in the area of agrochemicals, pharmaceutical intermediates and imaging
chemicals. As a result of this, three new patented products shall get commercialized in financial year 2012-13 adding to our
growth in the custom synthesis business.
Process improvement projects were undertaken for improving product quality and productivity of the manufacturing
processes. Enviornment, Health and Safety (EHS) considerations were given the usual special emphasis in the process
development work.
R&D facility receives GLP Certification
During the year under review, the Company’s R&D facility at Udaipur was accredited for ‘Good Laboratory Practices (GLP) and
Norms on OECD Principles’ by National GLP Monitoring Authority (NGCMA), Government of India’ in the field of Physical –
Chemical Testing. This has indeed been an outstanding accomplishment for the Company.
This GLP certification follows the grant of full membership to India as an OECD member country. Hence, the physical /
chemistry related data generated in Company’s GLP accredited lab would now be acceptable by the registration authorities
(agrochemicals/pharma etc.) in all the OECD countries such as USA, Europe, Japan etc.
The GLP certification meets PI’s strategy to provide comprehensive solutions under one roof and broadens its portfolio of
custom synthesis and manufacturing solutions to cover chemical process research, molecule development, analytical method
development, synthesis of high purity / impurities of chemical entities for analytical reference standards, 5 batch analyses
under GLP conditions, scale up studies, process / plant engineering and commercial scale production.
Construction of New Manufacturing Site
Given the need for additional capacity to meet the growing order book position in our customs synthesis business, the Company
has made good progress in the construction of the new manufacturing site at Jambusar (Gujarat). The facility is expected to
start commercial production from the 3rd quarter of the present financial year. Your Company has set up this plant in the SEZ
area, which offers various tax benefits and ease of operations.
Conferred with PowerBrands status
In the Indian Powerbrands Conclave held in, London, UK on December 12, 2011, your Company was given `Power Brand’ status
from amongst 81 large and really successful brands and companies featured in the book which is considered a brand bible
comprising the country’s most inspirational brands. Mr. Salil Singhal, Chairman and Managing Director was also honoured
with the prestigious ‘Corporate Leader Of the Year – Agriculture’.
Indian PowerBrands: The Global Superpower Edition is a research driven anthology of India’s Most Powerful Companies,
which are successfully taking on competitors in their own unique ways. This book is a one of its kind initiative exemplifying
the Indian-born icons who have emerged as the ultimate benchmark of achievement and success and are aggressively and
effectively re-writing the global business equations.
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PI Industries Ltd.