ADVANCED ENZYME TECHNOLOGIES LIMITED

V L RATHI

Chairman Revenue: ₹ 449.63 crore

Thane-based research-driven company Advanced Enzymes Technology has garnered a revenue of Rs 449.63 crore during the financial year 2019-20 in the enzymes space, exhibiting a growth of 6 per cent as compared to Rs 424.63 crore generated in the previous year. With a workforce of more than 550 employees, around 68 enzymes and probiotics in its portfolio, 5 R&D locations in India and Germany, and 22 patents granted to its credit, the company caters to diversified industries and verticals like human nutrition, animal nutrition and bio-processing. Although the company was incorporated in 1989, its journey began in 1957 when the founder Late L. C. Rathi pioneered the extraction of papain, an enzyme complex derived from papaya fruit and widely used for pharmaceutical and medical purposes. He went on to set up India’s first enzyme manufacturing plant in 1958.