The Indian chemical and petrochemical industry has entered a new phase as per the IFC report, this sector is poised to play a crucial role in achieving a $5 trillion economy with an expected growth rate of nine percent in the coming year. In this land-scape, Megachem Organics emerged in mid-2020 in Vadodara to address the diverse demands of the chemical industry. Positioned as a young and rapidly growing chemicals distribution company, Megachem is committed to providing quality products to various chemical industries with a focus on timely delivery.
Manoj Rastogi, Co-Founder
Founded by managing partners Manoj Rastogi (Co-Founder) and Anshul Sharma (Founder), Megachem aims to ensure the seamless availability of intermediate chemicals with a strategic vision encompassing national and global expansion. The company's extensive reach extends to petrochemicals, solvents, specialty chemicals, and other sectors.
“We operate on a 3S model: survival, sustainability, and scalability. The survival stage focuses on individual and business viability, ensuring customers' trust.
Having surpassed this stage, the company is now in the sustainable phase, building enduring relationships with customers and suppliers after completing three years in business. Further, the company is poised to enter the scalable stage, focusing on expansion and market exploration to meet increasing demand”, said Anshul Sharma, Founder, Megachem Organics.
Sustainable Chemical Management
Megachem operates within two distinct verticals, extensively involved in the procurement and distribution of intermediate chemicals, by-products, crude, and spent chemicals. The company sources industrial chemicals from international and domestic suppliers, serving various domestic chemical industries. Guided by a commitment to upholding high product quality and environmental preservation, Megachem ensures that its supplied products adhere to global standards and regulations.
“Megachem distinguishes itself in the market through strategic expansion, focusing on customer relationships and underserved segments. By facilitating connections between buyers and suppliers, particularly those facing challenges in purchasing bulk quantities or accessing financing, the company ensures mutual benefit. Further, Megachem's international expansion into the Asia-Pacific region aligns with its vision of becoming a reliable distribution company. Leveraging data analytics, the company provides valuable insights to customers, aiding in informed decision-making and fostering mutually beneficial outcomes”, says Manoj Rastogi, Co- Founder, Megachem Organics.
Moreover, Megachem emphasizes customer satisfaction and has implemented several measures. Firstly, inventory management guarantees timely delivery to customers as internal mechanisms continuously track inventory levels, ensuring adequate stock to meet customer demands and avoid depletion. Afterward, supply chain optimization is prioritized to minimize lead times and enhance operational efficiencies. Real-time tracking systems allow customers to monitor their orders from supplier to delivery, reducing the need for frequent inquiries.
Further, quality control is rigorously enforced to uphold product integrity. Third-party inspections and certificate of analysis (COA) procedures are conducted to verify product quality before release to customers, ensuring adherence to standards and minimizing the risk of adulteration.
Furthermore, Megachem demonstrates its commitment to responsible chemical management through rigorous sourcing, distribution, and disposal practices. It ensures quality and consistency by working closely with qualified suppliers and conducting regular quality control testing. Proactive measures identify and address any deviations promptly. Emphasis is placed on proper disposal methods for environmentally harmful chemicals. Robust documentation systems, including the COA, are employed for monitoring material quality. In addition, a zero-tolerance policy is enforced for chemicals with high toxicity, reflecting the company's dedication to environmental protection.
"In the petrochemical business, our primary focus lies in utilizing crude oil as the foundational resource for downstream chemical production. We specifically target key segments within the petrochemical industry, identifying opportunities with substantial long-term potential spanning several decades. With a robust plan, we expand our presence in upstream and downstream streams of the petrochemical industry in the foreseeable future", concludes Anshul Sharma.
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