About AACL

Ashok Alco - chem Limited (AACL) was incorporated as a Public Limited Company on 18th November 1992 under the Companies Act, 1956 in Maharashtra. The Company was promoted by the Kadakia family for manufacturing and marketing of Industrial Alcohol, Acetic Acid and other downstream products like Ethyl Acetate for industrial use in pharma, ink, paint, adhesive, resin, flexi packaging, perfumery and many other industries.

Shri. Manilal H.Kadakia, the patriarch, freedom fighter, fondly called ‘Papaji’, was the founder Chairman having several decades of business experience in Cotton Trade and various other Chemical Companies.

The manufacturing facility was set up at Mahad MIDC, Maharashtra which is 170 kms from Mumbai and offers excellent logistics facility being very close to JNPT port terminal. The plant is spread over a land area of about 28000 sq.mts. Apart from this, the Company also has a residential plot ad-measuring 2438 sq.mts and buildings for residential quarters for its employees.

The Company’s plant is one of the leading alcohol based facility currently having installed capacity to produce 13,000 MTs of Glacial Acetic Acid, 30,000 MTs of Ethyl Acetate and 10,500 MTs of Acetaldehyde per annum.

Apart from the manufacture of Chemicals, the Company also commenced trading in some mineral products mainly for exports from the year 2009 which has given a substantial boost to the top line figures and a ramp-up in revenues as well as profitability.

We maintain a superior level of integrity in interactions with business partners and associates.

Board of Directors.


(Executive Director & CEO)

Mr. Purab Shah holds a degree in M.Sc. (Chemistry) from Mumbai University along with an MBA. He started his career as an Entrepreneur - Chemical Manufacturer with a successful Chemical Business. He brings in 18 years of extensive experience and expertise in chemical business along with Manufacturing, R & D, Project and New Business Developments achieving the success into new horizons with the consistent growth by way of new initiatives and intensive unique approach. He joined Ashok Alco Chem Limited as General Manager – Operations in 2013 and was in charge of complete business activity including manufacturing, business development, Business Operations, R & D and projects which has advanced the company to new heights. He is also associated with several industry forums like ICC, FIEO, CAMA, CII etc. and is also an active member with Shri Mumbai Jain Yuva Sangh and several NGO’s that works to provide education to underprivileged children in Gujarat. 

(Non Executive Independent Director)

Manoj Ganatra is Commerce and Law Graduate and a Fellow Member of the Institute of Chartered Accountants of India. He is a practicing Chartered Accountant and a Managing Partner of one of the oldest Accounting Firm of the Country, M/s SANGHAVI & Co. since 1989. Audits, System Analysis and Evaluation, Company Law matters, Business Restructuring and Advice and Investment and Tax Planning are the main areas of his interest in which he is practicing. He is a Past Chairman of the Bhavnagar Branch of the WIRC of the Institute of Chartered Accountants of India and a Past President of the Bhavnagar Chartered Accountants’ Association and Vice President of Income Tax Bar Association – Bhavnagar. He is a trustee of several charitable organizations and a member and past editor of the Rotary Club of Bhavnagar. He has been associated with SNDT Women’s’ University and Sikkim Manipal University as a visiting faculty for BBA and MBA students. He is also on the Board of several public and private companies. 
He is Chairman of the Audit Committee of Board of Directors of the Company. 

(Non Executive Promoter Director)

Mr. Sunil Shah holds degrees of DME & AIME. Being Mechanical Engineer he is having vast experience in construction and earth moving technology, He has successfully completed major projects. He is involved in marketing activities in Gujarat State. He is also associated with many charity activities 

4.Ms Neeta Shah
(Non-Executive Director)

Ms. Neeta Shah holds BA and BEd degrees. She has wide experience in the field of Marketing. She is also associated with many charity activities. 

(Non Executive Independent Director)

Mr. Shekhaar Shetty is a commerce graduate from University of Mumbai and also holds LLB degree from renowned Government Law College, Mumbai. He is an Independent lawyer by profession and has 17 years of vast experience of practice in Criminal & Family Courts. He is a panel member of Lok-Adalat and advisory member and panel advocate for legal aid cases. He has actively participated and attended various Legal Seminars held by the legal fraternity and Bar Councils of Maharashtra & Goa. 

Mr. Shekhaar Shetty was the Joint Secretary of Borivali Advocates Bar Association from 2012-13 and was the Secretary of Borivali Advocates Bar Association from 2013-2014 and 2014-2015. He has attended various Mediation Seminars held in Metropolitan Centre of courts, Borivali.

6.Ms Hina Shah
(Non-Executive Independent Director)

Ms. Hina Shah is a graduate in Interior designing from JJ School of Arts, Mumbai. She has rich work experience in the field of Architecture and has worked with the known names like Architect Hafeez Contractor. She is well versed with business management and development.  

Addendum to Code of Conduct


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