The chemicals distribution industry is a vital link in the global supply chain, projected to grow at a CAGR of 10 to 12 percent. This growth is driven by key sectors such as pharmaceuticals, agrochemicals, water treatment, and personal care. Speedo Tech Corporation stands out as a leader in this dynamic landscape, consistently outperforming the industry average with an impressive 15 to 18 percent year-on-year growth. The firm’s strategic partnerships with renowned manufacturers like Grasim (formerly Aditya Birla Chemicals), Magnesia Arista, and Chem Bond enhance its expertise and product offerings. By navigating various chemical categories, including chloroquine, the firm effectively addresses the evolving needs of our clients. As market demands rise, the company remains committed to ensuring efficient supply, providing technical support, and adopting sustainable practices.
“At Speedo Tech Corporation, we’ve strategically identified the overlap of products used across different industries, allowing us to offer comprehensive solutions tailored to each sector. This approach has led to a high success rate in securing repeat orders. For instance, in the poultry and hatchery category, they can offer potassium permanganate, acetic acid, and formic acid. Similarly, for the sugar industry, we provide essential chemicals like caustic soda and phosphoric acid, which are also applicable in the jaggery industry and soya bean oil refineries. This strategic overlap allows us to position ourselves as a one-stop shop, resulting in an impressive 90
percent strike rate for return orders from our sales representatives”, explains Sameer Alurkar, Business Head, Speedo Tech Corporation.
Empowering Success
The firm believes that its greatest asset is the experienced team, which is essential to its success. Speedo Tech Corporation's recruitment process emphasizes a fundamental understanding of basic chemistry, ensuring that every team member possesses the foundational knowledge needed to excel. Over the years, the firm has developed a comprehensive training module that equips its employees with the skills and confidence to effectively meet customer needs in the field. Once seasoned, the firm’s team members leverage their experience to provide valuable insights, helping customers refine their products and anticipate industry changes. For instance, as the sugar and agrochemical industries evolve, the company team has proactively identified the need for alternatives to prohibited (west world) substances like EDTA, positioning it as a forward-thinking partner.
We uniquely identify the intersection of products used across various industries, enabling us to create tailored solutions for our clients
At Speedo Tech Corporation, the firm is proud to have been recognized as a leader in innovation, having received the Best Innovating Company award from Grasim at their dealers meeting two years ago. This accolade represents a significant milestone in its journey, reflecting its commitment to excellence and creativity in the chemicals distribution industry. Additionally, the firm has built strong, trust-based relationships with many clients, evidenced by several yearly contracts that demonstrate their confidence in its capabilities.
Seizing Opportunities
The company aims to position itself as a strategic partner for global companies seeking to establish a foothold in India amid the shifting dynamics of international trade. With many organizations looking to reduce their dependence on China, India is emerging as a viable alternative. “We are actively collaborating with overseas companies to introduce and launch new products that align with our existing portfolio. Our extensive network and collective experience empower us to facilitate these product launches effectively. As a young and ambitious company, we are eager to grow and expand our offerings. We invite valuable partners with complementary products to join us in this endeavor”, adds Sameer Alurkar. Together, the firm navigates the Indian market and seizes the opportunities it presents, fostering mutual growth and success in this evolving landscape.
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