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Arrow Greentech Ltd.

Andheri East, Mumbai, Maharashtra

| GST  27AAACA9525H1ZO

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Arrow Greentech Ltd.

Since 1992, when the company started, innovation to ensure a sustainable future through maximum environmental care has always been the core of our company. The first water soluble film (Watersol™) introduced by Arrow was in the mid-nineties. Our high degree of specialisation and quality-service has helped us become one of the most established companies in India and placed us as a potential player on the world map of green packaging technology. Based on Watersol™, we developed India’s first Water–Soluble Capsulated Hygiene chemicals (Klenz Pro™). It is designed to provide efficiency with the best safety measures, serving the most demanding consumers. Our expertise enables us to provide solutions, applications and management systems in the health, hygiene, packaging, printing and security industries. This is reflected in most of our intellectual properties filed globally in respective fields.


Factsheet

Basic Information

Nature of BusinessManufacturer
Company CEONeil Patel
Year of Establishment1992
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Annual TurnoverRs. 25 - 50 Crore

Statutory Profile

GST No.27AAACA9525H1ZO
CIN No.L21010MH1992PLC069281

About Us

Since 1992, when the company started, innovation to ensure a sustainable future through maximum environmental care has always been the core of our company. The first water soluble film (Watersol™) introduced by Arrow was in the mid-nineties. Our high degree of specialisation and quality-service has helped us become one of the most established companies in India and placed us as a potential player on the world map of green packaging technology. Based on Watersol™, we developed India’s first Water–Soluble Capsulated Hygiene chemicals (Klenz Pro™). It is designed to provide efficiency with the best safety measures, serving the most demanding consumers. Our expertise enables us to provide solutions, applications and management systems in the health, hygiene, packaging, printing and security industries. This is reflected in most of our intellectual properties filed globally in respective fields.

Arrow Greentech Ltd. is listed in the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India. It has its manufacturing units in India and in the United Kingdom via its subsidiary Arrow Green Technologies (UK) limited.

Driven by Intellectual properties, we develop customised solutions, recommending the products that suit the different needs of customers. Customer relationships and commitment are part of our global service. We strive to achieve a balance between maintaining profitability and reducing environmental impact by bringing meaningful innovations that enhance the quality of life.+ Read More

Our Team

Mr. Shilpan Patel
Chairman & Managing Director of the Company

Mr. Shilpan Patel, aged 60 years, is the Chairman and Managing Director of the Company and holds a Master’s degree in Business Administration from Sam Houston State University, Texas, USA. He did his graduation in Commerce from H.L. College of Commerce, Ahmedabad in India. In 1979-80 he gained experience in the coating industry from Grace Paper Industries Pvt. Ltd and worked there for a period of 9 years. In 1990 he developed Water Soluble Film, which is a product of indigenous research and has a very strong bearing on the environment. In 2000, the product (Water Soluble Film) won the India Star Award. Mr. Patel has also applied for various patents in USA, Europe, South Africa, Australia and India based on Water Soluble Films and Green Technologies. Appointed on the Board for the first time on October 30, 1992, he is in charge of Business Development and Strategic Management of the Company and creating value for all stake holders and society at large. He is based in Mumbai. He was last re-appointed as Director on our Board and re-designated as Managing Director of the Company for a period of 3 years w. e. f. September 29, 2014.


Mr. Neil Patel
Director
Mr. Neil Patel aged 31, is a Whole Time Director of our Company. He has done M. Sc. (Bio Medical Science) from Kingston College, London. He possesses good entrepreneurship skills. He is associated with the Company since the last 5 years and looks after the Mouth Melting Strip (MMS) project. He is a member of the Audit Committee and the Stakeholders Relationship Committee of the Company. He was appointed to our board for the first time on 1st June 2012 as an Additional Director & confirmed as a Director in the subsequent Annual General Meeting. His current term started from the Annual General Meeting held on September 27, 2012.


Mr. Haresh Mehta
Director
Mr. Haresh Mehta, aged 64 years, is an Independent Director of our Company. He is a graduate in Science. He holds a certificate in Packaging Technology and has also attended a long term programme in London. He is also a Director in Jayna Packaging Pvt. Ltd. He is a Chairman of Shareholders /Investor Grievance Committee and a member of the Audit committee of the company. He was appointed on our board for the first time on December 01, 1993 as an Additional Director & confirmed as a Director in the subsequent Annual General Meeting. His current term started from our last Annual General Meeting held on September 29, 2015.

Mr. Harish Mishra
Director
Mr. Harish Mishra aged 66, is an Independent Director of our Company. He graduated in Commerce and completed his M. Com from Jabalpur University in 1973. He has vast experience in Advertising and Production and was associated with ZEE TV. He is Chairman of Nomination & Remuneration Committee and Audit Committee of the Company. He was appointed to our board for the first time on 1st June 2012 as an Additional Director & confirmed as a Director in the subsequent Annual General Meeting. His current term started from the Annual General Meeting held on September 29, 2014.

Ms. Aradhana Singh
Director
Ms. Aradhana Singh, aged 32 years, is a lawyer and had done her L.L.B from Mumbai University. Currently she is working as an associate at Legasis Partners, a law firm having offices in Mumbai, Delhi, Pune and Hyderabad and having diverse experience in the real estate field and in public trust matters. She has vast experience of around 10 years in the field of legal sector.+ Read More

Chairman's Message

Dear Stakeholders and Partners,

Looking back at the year gone by ending March 2019, certain developments, like macro environment, global concerns on various economies, and market-forces affecting our patent licensees etc., have greatly influenced almost every businesses. Your company was no exception. These are not in everyone’s control. Your company has seen slow down since last year in patent royalties income, while the management continues to put in the extensive efforts for Patent monetization.

Last year I had said and I firmly believe this as a signal for us to tighten our belts, start looking more seriously into our entire patent portfolio, work even harder into initiating “Make in India” projects, taking benefit of our Honorable Prime Minister’s initiatives.

While on this, I am proud to report that, On April, 26th, this year, we have been awarded the “Winner of National Intellectual Property (IP) Award for the year 2019 in the category “Top Indian Private Company (MSME) for Patents and Commercialization” I am sure you all wish to congratulate our entire IP Team, this has further energized our team to work intensely for wider IP commercialization process. We inaugurated our PIC (Patent Incubation Centre) & RND Centre in Mumbai. The sole purpose is to make therein prototype products for our patents and their end uses.

Your company intends interalia to focus on Patent Division more aggressively and fortify our patent division so as to get revenues from out-licensing, compensations from infringements, our own product patents.

Further, you will be happy to know that our 100% subsidiary, Avery Pharmaceuticals Pvt. Ltd, currently focussing primarily on manufacturing of pharma products based on Arrow’s actives embedded water soluble films and related patents on edible films, will have it’s Gujarat plant to go on stream this year. This unit has recently signed MOU with Govt. of Gujarat. Ayushman Bharat and other such schemes for augmenting it’s business, going forward.

With this, we will continue to focus on suitably associating with newer, greener and Eco-friendly technologies innovated in different geographies globally for transformation of our future business.

This aspiration continues to ignite our creativity, motivates us, to deliver value for our shareholders in the long term perspective, towards this end, You will be happy to know that your company has continued to make meaningful investments in people, processes, Research & Development, Intellectual Property and Technology.

I would like to thank all our employees, Board of Directors, all the shareholders and well wishers for their unstinted support to the Company.

Thanking You,

Shilpan Patel
Chairman & Managing Director+ Read More
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