PART I- ORGANISATIONAL PROFILE

NAME OF COMPANY: Gujarat Fluorochemicals Limited

ADDRESS: Ranjit Nagar, Ghoghamba, Panchmahal, Gujarat.

REGISTERED OFFICE: GFL Survey No.16/3, 26-27, Ranjit Nagar,

Taluka- Ghoghamba, District- Panchmahal-389380, gujarat

TELEPHONE NO: +91 267248153

E-MAIL: inoflon@gfl.co.in, contact@gfl.co.in

COMPANY ESTABLISHMENT: Started in 1989, Ranjit Nagar site is

an ISO9001:2015, ISO 14001: 2015 and ISO 45001:2018 certified
facility manufacturing Fluoro specialities and Refrigerants.

MANAGING DIRECTOR: Vikas Kumar Jain

 CH-1: INTRODUCTION

GFL is An ISO 9001:2015, ISO 1400:2015, ISO 45001:2018 and SA 8000:2014

certified organisation.

GFL is a leading producer of fluoropolymers, fluorospecialities, and refrigerant and

chemicals for application in varied industries.

GFL derives its strength from expertise in Fluorine Chemistry, vertical integration
from natural minerals to Fluoropolymers and strong R&D, enabling it to provide one
of the best quality products meeting all regulatory compliances, to our clientele
globally.

The year 1989 marked commencement of Company’s commercial operations with

India’s largest Refrigerant manufacturing unit at Ranjitnagar, Gujarat, India. The site
was further expanded to produce Fluorospeciality products catering to the growing
demands in global agriculture and pharmaceutical industry. The headquarters of GFL
is in inox towers, noida, uttar Pradesh, India

Foraying into new avenues in 2007, with one of the world’s most integrated facilities
at Dahej, Gujarat, India, and GFL now has a diverse portfolio of Fluroropolymers
comprising PTFE, PFA, FEP, FKM, PVDF and Fluoropolymer Additives.

With three manufacturing facilities in India, a captive Fluorspar mine in Morocco,

offices and warehouses in Europe and USA, and a marketing network spread across
the world, GFL is one of the established players in Fluoropolymers and
Fluorospecialities markets.

Their Sustainability goals are interwoven with the way we do business all along their
value chain. The company is signatory to the United Nations Global Compact
(UNGC), and is a member of the Indian Chemical Council (ICC). Their focus on
Health, Safety and Environment is reflected in the wellbeing and safety of people.
All-inclusive efforts towards sustainability at various facets make us long-term
partners for their customers across geographies.
 CH-2: THE ORGANISATION
EVOLUTION AND HISTORY
 1987: Gujarat fluorochemicals Limited (GFL), a public limited company,
were incorporated on 04 February, 1987 as a Refrigerant manufacturer in
India. The company was promoted jointly by industrial oxygen co.ltd, along
with its subsidiary, a part of siddho Mal group and Gujarat industrial
investment corporation, Ltd. (GIIC)

 1988: In 1988, GFL launched a public issue and established a manufacturing

plant to produce chlorofluorocarbon Refrigerant gases and hydrofluoric Acid
in Panchmahal, Gujarat.
 1989: GFL commenced its commercial operation in the year 1889 and entered
into a technical collaboration with STAUFFER CHEMICALS PENNWALT
CORPORATION, USA and commissioned a plant near Vadodara.
 1991: 1370000 No. Of shares allotted at par to industrial Oxygen co, Ltd in
conversion of loan.
 1992: 1620000 shares allotted to conversion of loans.
 1997: The Company has set up a project identification cell, which is scanning
economic environment to spot good business opportunities, either on its own
or with the help of outside consultants.
 1999: In the year 1999, GFL diversified into entertainment business through
INOX LEISURE LTD- a chain of multiplexes across India.
 2000: INOX LEASING AND FINANCE LTD has proposed to acquire
877900 equity shares of the company from GUJARAT INDUSTRIL
INVESTMENT CO.LTD (7.58 %) at Rs. 134 per share.
 2001: The promoters of the 500 crore INOX GROUP, suppliers of industrial
gases, has diversified into destination leisure and entertainment business.
Company has splits its face value of shares from 10 to Rs 2.
 2006: In 2006, GFL implemented clean development mechanism project
entailing reduction of greenhouse gas emissions by the thermal oxidation of
HFC-23, a by-product generated at the Refrigerant gas plant at Ranjitnagar,
Gujarat. In lieu of that, the company received carbon credits issued by the
UNFCCC to be traded in international markets.
 2007: In the year 2007-08, GFL established a chemical complex at Dahej,
Gujarat. The chemical complex comprised of a captive power plant, caustic
soda and chlorine plant, chloromethane plant and a polytetrafluoeoethaylene
(PTFE) plant. During the year, GFL also entered into a JV in china, for
manufacturing of anhydrous hydrogen fluoride and allied activities.
 2008: Company has splits its face value of share from Rs 2 to Rs 1.
 2010: GFL has appointed Shri. Chandra Prakash Jain as an additional director
on the board of the company. He is an independent director on the board of the
company.
 2011: GFL has appointed Shri. Mahesh prashad as an additional director on
the board of the company. He is an independent director on the board of the
company.
 2012: GFL has transferred the wind energy business of the company including
all the undertaking comprised therein to INOX Renewable Ltd, a subsidiary of
the company by the way of slump sale.
 2019: In 2009, GFL incorporated a wholly owned subsidiary, Gujarat
fluorochemicals Americans LLC, to conduct business operation across the
American subcontinent. Year 2009 also marked GFL’S diversification into
wind energy business through INOX WIND LTD, a leading wind energy
solution provider in India.
 2011: In 2011, GFL entered into a JV undertake fluorospar beneficiation
project for supply of acid grade fluorospar and Metallurgical grade fluorospar
to GFL.
 2013: In 2013, GFL incorporated a wholly owned subsidiary, GUJARAT
FLUOROCHEMICALS GMBH in Hamburg, Germany to conduct trading,
processing, marketing and storage of fluoropolymers in EMEA region.
With the introduction of PFOA free PTFE resins and dispersion in the year
2013, GFL emerged amongst world’s major players offering PFOA free
fluoropolymers.
 2014: GFL has recommended a dividend @ Rs. 3.50 (350%) per equity share.
INOX WIND LTD, a subsidiary of GFL one of the India’s leading wind
power solution provider has been awarded a 170MW order from continnum
wind energy a Singapore based company.
 2013-2019: With vertically integrated fluoropolymer manufacturing and
expertise in fluorine chemistry, GFL expanded its monomers and polymers
capacity to cater to the growing demand of fluoropolymers and
fluorochemicals across geographies.
GFL launched FKM (Fluoroelastomers) brand fluonox in 2015.
In 2016, subsequent to the success of their PTFE brand INOFLON in global
markets, GFL added two more fluoropolymers products- FEP and PFA under
the brand name INOFLON, In 2018, GFL started its additives brand
INOCLUB for marketing PTFE, micropowder and polymer processing aids
(PPA). In the 2019, GFL introduced PVDF under the brand name INOFLAR.
 2019: Pursuant to the order passed by national company law board tribunal,
ahmedabad bench on 04 july, 2019, the chemical business undertaking of
erstwhile Gujarat fluorochemicals limited now known as GFL LIMITED was
demerged to form a new resultant company INOXFLUOROCHEMICALS
LIMITED now known as GFL with all assets and liabilities pertaining to the
chemical business undertaking transferred to the resultant company on a going
concern basis with effect from the appointed date 01 April, 2019.
MISSION AND VISION
 To become the preferred suppliers of Fluoropolymer,
Fluoroelastomers and new generations of Refrigerants
globally and achieve this status through Technological,
Operational and Service excellence. We shall
Endeavour to be a global player in our business.
We shall constantly Endeavour to delight customers,
workforce and all the stakeholders. We shall do our
business exercising with utmost care of environment
and society at large.

We shall Endeavour to always be the market leaders, by providing our customer the
latest, the most innovative and the best available technologies, products and services.
Through this we shall provide to our customers the best "value for Money" by
producing best in class quality products at most competitive prices.
We shall conduct our operations keeping safety and environment in place along with
up gradation of technology.

We are governed by our fundamental values:

Quality: Commitment to excellence in quality.

Excellence: Excellence in services & manufacturing practices to our all

stakeholders.

Integrity: Building trust in dealings with all stakeholders.

 Innovation: Enthuse our clients through our innovative approach.

Customer value: Delight the customer & deliver the value.

GOVERNANCE AND MANAGEMENT STRUCTURE