BASF India Limited is a leading transnational company in the Indian chemical industry. The company's portfolio is organized into four segments: Chemicals Performance Products Functional Materials & Solutions and Agricultural Solutions. The products manufactured by the company serve several sectors including agriculture automotive pharmaceuticals construction consumer durables consumer care paper and paints.The Agricultural Solutions business includes products for crop protection like insecticides herbicides fungicides and plant growth regulators. The Performance Products segment includes the Performance Chemicals Dispersions & Pigments Care Chemicals Nutrition & Health products and Paper Chemicals businesses. The Chemicals segment includes Intermediates Petrochemicals & Monomers. The Functional Materials & Solutions segment comprises of Coatings Construction Chemicals Performance Materials and Process Catalyst businesses.BASF India Ltd the flagship company of the BASF Group in India was incorporated as R A Cole Pvt Ltd in May 13 1943 and the name was changed to Indoplast Ltd in Jan 1963. The company got their present name in September 1967. The company entered into an agreement with BASF AG for manufacturing of new products during the year 2002 and 2004.Cyanamid Agro Ltd was merged with the company with effective from April 1 2001. In the line of global arrangement between Bayer CorpScience AG and BASF AG the company acquired the Fipronil activities and assets in India from Bayer India Ltd during the year 2003-04. BASF India executed the licence agreement with Bayer CropScience Ltd for grant of Licensed Rights detailed in the Agreement relating to Agricultural uses of Fipronil during the year 2004-05.BASF Polyurerhanes India Ltd was incorporated on April 6 2005 for establishing a system house within Turbhe works to manufacture Polyurethane System products. The indenting and trading activity relating to the Polyurethane Systems business of the company was transferred to the company's wholly owned subsidiary BASF Polyurerhanes India Ltd with effect from July 1 2006. They commenced their commercial production from June 2006.The company expanded the polymer dispersions capacity at Mangalore from 20000 tpa to 65000 tpa. The new dispersions plant of 45000 tpa capacity was commissioned on March 9 2007. Also the company started a technical support centre namely BASF Leather Competence Centre in September 2006 for the leather industry at Bantala Leather Complex Kolkata. During the year 2007-08 the company expanded the capacity in Styropor plant by 10Ktn and was commissioned in February 2008.During the year 2009-10 the merger of Ciba Group Companies in India w.e.f. February 1 2010 the Specialty Chemicals business of Ciba integrated into the Performance Products segment. The complementary business portfolio will create new business opportunities in paper chemicals care chemicals and performance chemicals. In addition the manufacturing facility at Ankleshwar and the state-of-the-art technical lab in Mumbai will also add value to the organization.In 2010-11 Moving towards the Vision of having a Single Legal Entity in India BASF successfully completed the merger of BASF Construction Chemicals (India) Private Limited (BCCIPL) BASF Coatings (India) Limited (BCIN) and BASF Polyurethanes India Limited (BPIL) in January 2011. Further with the worldwide acquisition of Cognis Holding GmbH has been fully integrated with the company effective July 1 2011. The complementary business portfolio of Cognis will further strengthen BASF India's presence in value-added products.During the year 2011-12 the company invested Rs. 1000 crores in Dahej Gujarat for strengthening its local manufacturing activities to create competitive advantages for its customers and facilitate faster growth. The Dahej site besides offering proximity to raw materials and customers complements the existing manufacturing set-up of the company thus supporting business growth in important northern and western regions of India. Additionally to build on existing competencies and ensure operational excellence the company has also undertaken facility expansion and implemented process enhancement techniques at its Mangalore and Ankleshwar sites during the year.In the year 2012-13 On account of continuous pressure on Expandable Polystyrene (EPS) business due to strong competition coupled with high overcapacities and low margins BASF planned to shut down the EPS business forming part of Plastics segment including the Company's STYROPOR production facility at Thane. The contribution of this business to the total turnover was marginal; hence there will be no material impact on the Company's growth strategy.During the year 2013-14 BASF has set up a precious metal catalyst plant and product development laboratory at its Mangalore site and Agricultural Research Station at Lonikand in Pune. The company also expanded its construction chemicals operations at Nellore in Andhra Pradesh and Kharagpur in West Bengal. The company has ceased manufacturing operations at the Automotive Coatings Blending plant at Khuskhera in Rajasthan due to high safety risks.During the year 2014-15 the new chemical production site at Dahej Gujarat involving an investment of Rs. 1000 crores commenced commercial production. BASF SE turned 150 in 2015. The company celebrated BASF SE's 150th Anniversary with its partners.During the financial year ended 31 March 2016 BASF India incurred capital expenditure aggregating to Rs.1655.8 million. To expand its product portfolio in Agricultural Solutions business BASF India introduced two new crop protection products namely: OPERA and TYNZER during the year. Many training and marketing programs were carried out to launch these products within the farming community and were well received by the farmers. During the year under review the company's leather chemicals business launched the dry fast system which led to water saving and process time reduction. In line with the strategy of moving closer to the customer this business shifted its headquarters to Chennai in August 2015 with a clear objective of enhancing customer service through innovative sustainable and reliable products and offerings. The company's Fuel and Lubricants business established new markets in the area of coolants & brake fluids and service fills for automotive OEM's (Original Equipment Manufacturers) during the year. The company's animal nutrition business launched a new generation enzyme namely Natuphos E during the year. The year saw a divestiture in the Pharma solutions business of the company. A part of the portfolio on API and Custom Synthesis was divested globally.During the year under review BASF India commissioned a new Admixtures plant at Nellore in Andhra Pradesh. This plant will cater to the growing needs of customers in Andhra Pradesh Telangana and Tamil Nadu. The year also witnessed the groundbreaking of new Admixtures plant at Kharagpur West Bengal which is expected to be inaugurated during the financial year 2016-17. This site will produce the entire range of admixtures and accelerators and will cater to the demands of customers based in East India and Bhutan. Commercial supplies from BASF India's fine chemicals catalyst plant at Mangalore which caters to the pharmaceutical & agrochemical industries picked up during the year. During the year under review production volumes at BASF India's plants increased over the previous year primarily due to commencement of commercial production at the new plants at Dahej and Nellore. All the 10 plants at the Dahej site commenced commercial production resulting in higher output during the year under review. Capacity debottlenecking was carried out at the company's Ankleshwar plant manufacturing imaging products which led to improved capacity.In May 2015 BASF India inaugurated the new Agricultural Research Station in Pune. This new research & development center will focus on undertaking global research in the area of crop protection.In July 2015 BASF India sold its textile chemicals business to Archroma India Private Limited pursuant to the global divestment of the said business by BASF SE after receipt of the requisite approvals. Effective 1 July 2015 BASF India entered into a long-term supply agreement with Archroma India Private Limited to manufacture & supply textile chemicals products in India.BASF SE Germany has decided to refocus its global plant biotechnology research portfolio and restructure the global operations of its Plant Science subsidiary. In India BASF India has been engaged in a project to develop yield-enhancing traits in rice on behalf of BASF Plant Science Company GmbH Germany. Consequent upon the global restructuring the yield enhancement project in rice will be discontinued and the field-testing sites in India will be closed by end of the year 2016 subject to receipt of requisite approvals.During the financial year ended 31 March 2017 the sales of BASF India's Chemicals segment were lower as compared to the previous year on account of lower feedstock prices as well as limited volume availability on certain product lines. During the year under review BASF India incurred capital expenditure aggregating to Rs. 834.4 million.Pursuant to the sale of global industrial coatings business by BASF SE Germany to AkzoNobel the industrial coatings business of BASF India was transferred to Akzo Nobel India Limited with effect from 14 December 2016. With this divestiture BASF India would continue to emphasize on core automotive OEM & decorative paints business. In January 2017 BASF India entered the crop protection market for rice in India and would be offering a range of new solutions to boost yields in India by managing rice diseases weeds and pests. With the launch of products i.e. Seltima Adexar and Basagran BASF India will provide comprehensive solutions that effectively meet consumers' expectations for healthy high quality food.Pursuant to the global sale of BASF's Leather Chemicals business to Stahl Group the Leather Chemicals business of BASF India Limited was transferred to Stahl India Private Limited with effect from 30 September 2017. BASF India Limited has received an aggregate sum of Rs. 1976.3 million (including GST) from Stahl India Private Limited as the consideration for the sale of the business. BASF India Limited is supplying leather chemical products from its manufacturing facilities to Stahl India Private Limited under a supply arrangement. During the financial year ended 31 March 2018 BASF India Limited incurred capital expenditure aggregating to Rs. 679.4 million. During the year under review credit rating agency CRISIL revised its outlook on the Non-Convertible Debenture programme of BASF India Limited to `Stable' from `Negative' while reaffirming the rating at `CRISIL AAA'.During the year under review the company's Fuel and Lubricants business ventured into the untapped markets of Polyisobutene base-stocks and compounded lubricants. New aftermarket avenues for coolant were identified and products introduced. Fuel additives were established in the factory to fill markets of the premium automotive OEM's (Original Equipment Manufacturers) during the year. With a view of enlarging the company's business portfolio the company's Chemicals business introduced more than six new products in the market and acquired several new customers. The Construction Systems of the Construction Chemicals business launched new products such as MasterLife CI220 (Auxiliary segment) MasterSeal 635 (Waterproofing systems) and MasterSeal 7000CR (Repair & Protection system). Commercial supplies from the company's fine chemicals catalyst plant at Mangalore which caters to the pharmaceutical & agrochemical industries picked up during the year and the momentum is expected to build up further in the coming years.During the year under review Dahej site continued to ramp up production and registered higher volumes in all its plants. Debottlenecking of the Care Chemicals Plant and Splitter were successfully completed during the year.In May 2018 BASF SE Germany signed an agreement with Solenis USA to globally combine BASF's Paper wet-end & water chemicals business with Solenis. Consequently BASF India's paper wet-end and water chemicals business would be transferred to Solenis in India subject to requisite approvals. Presently the paper wet-end and water chemicals business of BASF India forms part of the Performance Products segment of the company.