Amol Minechem Ltd Unlisted Shares

About Company

Amol Minechem Limited (formerly Amol Dicalite Ltd.), established in 1979, is a manufacturing company specialising in perlite products and filter aids. It produces a wide range of perlite-based products including perlite ore, filter aid, cryogenic perlite, horticulture perlite and thermal insulation perlite. 

The company also manufactures cotton and synthetic cloth products, and was among the first in India to make Perlite Filter Aids under a technical and financial collaboration with Grefco Inc., USA, a global leader in perlite products.

Business Model

Amol Minechem primarily earns through the manufacturing and sale of industrial perlite-based products used in insulation, filtration, horticulture and cryogenics. The company serves multiple industrial buyers who rely on perlite filter aids and insulation materials.

Manufacturing Facilities

Amol Minechem’s plant is located in Kadi, Mehsana district, around 50 km north of Ahmedabad, while its corporate office is located in Ahmedabad. The company focuses on producing high-quality perlite products using refined manufacturing processes.

Technology & Innovation

The company originally operated under a technical collaboration with Grefco Inc., USA, the global pioneer in perlite technologies. Although the collaboration ended in 2018–19, Amol Minechem continues to use its long-acquired technological expertise to produce efficient, high-performance filter aids.

Strategic Developments

In 2018–19, Grefco Inc., USA sold its entire shareholding to Indian promoters and was formally declassified as a promoter. A termination agreement was also executed to end the original perpetual Technology Agreement signed at incorporation.

Market Presence

Amol Minechem has built a strong presence across filtration and insulation applications, supplying to industries that require reliable import-substitute products. Over nearly four decades, it has become a trusted supplier for industrial buyers across India.

Risk Factors

This section outlines potential risks related to the company:

• Dependence on industrial and manufacturing sector demand
• Limited diversification beyond perlite and filter-aid products
• Competition from domestic and international manufacturers
• Raw material and energy cost fluctuations

Corporate Governance

Amol Minechem is now fully controlled by Indian promoters after the exit of Grefco Inc., USA in FY 2018–19. The company follows standard governance practices expected from long-standing industrial enterprises.

Dividend Policy

Dividend payouts depend on profitability and internal capital requirements. There is no fixed pattern publicly available for dividend distribution.

Past Corporate Milestones

The following are the past corporate milestones by Amol Minechem:

• 1979: Company incorporated
• 1982: Commercial production began
• 2018–19: Grefco Inc. exits, and the technology agreement is terminated
• 38+ years of consistent growth in perlite and filter-aid products