Laxmi Organic Industries Limited (LOIL) is a prominent Indian chemical manufacturer, established in 1989 as the Goenka Group's flagship company. Specializing in acetyl and specialty intermediates, LOIL commands a significant market share in the production of ethyl acetate and diketene derivatives in India. The company has diversified its product offerings to include a wide array of chemicals used in industries such as pharmaceuticals, agrochemicals, and inks. Notably, LOIL acquired Clariant Chemicals India's diketene business in 2010 and Miteni's fluorospecialties assets to enter the high-margin specialty fluorochemicals market.
Operating globally, LOIL serves clients across 30 countries, supported by strategic manufacturing facilities in Maharashtra and distilleries for ethanol production. The company has bolstered its capabilities through acquisitions, including Acetyls Holding Private Limited, and maintains robust R&D operations. LOIL's strategic expansions and IPO in 2021 have strengthened its market position, making it a key player in the chemical industry with a notable international presence.
