Fineotex Chemical Limited
Nippon India Mutual Fund is no longer listed as a major shareholder in Fineotex Chemical Limited. After previously holding 1.27 percent, Nippon India Mutual Fund has either fully exited or trimmed the position below the 1 percent reporting threshold.
A specialty chemicals manufacturer established in 1979, Fineotex Chemicals produces auxiliaries and chemical solutions for textiles, construction, water treatment, fertilizer, leather, and paint industries. The company develops and supplies formulated products designed for specific industrial application requirements across these diverse sectors. Its broad portfolio across multiple end-use industries and focus on tailored chemical solutions distinguish it as a vertically diversified player in the specialty chemicals space.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.