Laxmi Organic Industries Ltd.
Jitendra Agarwal has extensive experience in various leadership roles within the chemical manufacturing and packaging industries. Jitendra started their career at SSKI - Smith Newcourt as an Internal Auditor before moving on to Libord Finance Ltd as a Senior Manager in Merchant Banking. At Libord Finance, they obtained memberships for several bourses, managed IPOs, and facilitated loan syndication. Jitendra then joined Krishna Filaments Ltd as a Manager in Finance, where they successfully managed a Rs 115 Crore IPO and handled corporate finance, fund mobilization, and statutory compliance.
Later on, they joined Huhtamaki India Ltd as the Head of Strategic Sourcing, where they led the strategic sourcing function and managed negotiations for custom-designed packaging products. Jitendra also spearheaded global procurement worth €400mln annually for a European MNC. Jitendra further played a crucial role as the CFO and Business Manager of the Fiber Packaging SBU at Huhtamaki India Ltd, overseeing the acquisition and divestment of the company's fiber packaging business in India.
Currently, they hold the position of President - Essentials BU at Laxmi Organic Industries Ltd., leading the Essentials Business Unit with P&L responsibility. Jitendra manages the manufacturing of chemical products and oversees the company's wholly-owned overseas entities in the Netherlands and China. Jitendra also served as the President of the Acetyl Intermediates Business at Laxmi Organic Industries Ltd., where they headed a Rs 2,000 Crore business and was responsible for the overall supply chain functions of the company.
In addition, Jitendra Agarwal holds director positions at Laxmi Organic Industries (Europe) B.V. and Laxmi Speciality Chemicals (Shanghai) Co. Ltd.
Jitendra Agarwal completed their Bachelor of Commerce (B.Com.) degree from the University of Rajasthan between 1986 and 1989. Jitendra then went on to pursue a Chartered Accountant degree from The Institute of Chartered Accountants of India, specializing in fields such as Finance, Accountancy, Economics, Taxation, Law, and Statistics, from 1989 to 1992.
Laxmi Organic Industries Ltd.
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Laxmi Organics Industries Ltd. is the flagship company of the Goenka Group. The Group has interests in Chemicals, Paper, power and Education. Laxmi Organic Industries was born in 1990, with the objective to manufacture alcohol-based chemicals. The first plant was set up to manufacture Acetaldehyde and Acetic acid with the primary raw material being Ethyl alcohol. This was procured from the local sugar factories in India. Subsequently, Laxmi expanded over the years in terms of volume of production as well as its product portfolio. Today, Laxmi is among India’s largest players in the Acetyls space with the capacity to produce 120,000 tons of Ethyl Acetate annually. We also have capacity to produce 30,000 tons per year of Acetaldehyde. Since 2010, after the successful acquisition of Clariant India’s Diketene business we are proud to be the only producers of this chemistry in India. These specialty chemicals cater to the pharmaceutical, agro - chemical and colorant industry. Laxmi also offers CRAM opportunities based on our Diketene and Ketene chemistry. Laxmi has its direct presence in Europe with its office in the Netherlands. This has been an initiative to serve our customers international customers better. Our high quality standards and consistency in timely delivery have today propelled us to be rated as one of the most reliable suppliers to the coating, paints, printing inks, and flexible packaging and pharmaceutical industry. We export our products all over the world and our products are well accepted in major overseas markets.