Page 146 - CW E-Magazine (15-7-2025)

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RECOGNISING INNOVATION

NICHEM Solutions bags two awards for SMEs

NICHEM Solutions, a forerunner in
specialty chemicals and environmentally
conscious innovations, has won two
prestigious recognitions in the MSME
ecosystem on the occasion of Inter-
national MSME Day.

The company was conferred the
‘MSME Star Award 2025’ by Zhep
Udyogininchi in collaboration with the
Indian Chamber of Commerce (ICC)
at a ceremony held on June 24, 2025
at the iconic Bombay Stock Exchange Prof. V.C. Malshe and Sayali Kelaskar of NICHEM receiving the ‘MSME Star Award’ from
(BSE), Mumbai. Adding to this suc- G.K. Sudhakar Rao, Chief General Manager, Union Bank of India
cess, NICHEM was also recognised as a structured yet agile innovation system.
a winner of ‘MSME Star Stories 2025’, NICHEM has institutionalized a process
a national initiative by the India SME to systematically evaluate the technical
Accelerator Network that celebrates and commercial viability of every pro-
inspiring MSME growth stories marked ject before execution. In 2023, NICHEM
by innovation, resilience, and impact. took a strategic leap by establishing a
NICHEM’s story stood out for Innova- well-equipped 6,000-sq.ft. Innovation
tion Excellence among 1,000 entries Centre. This centre now serves as a hub
across nine categories from MSMEs all for developing inhouse technologies and
over the country. The felicitation took providing contract research services to
place on June 26, 2025 in Mumbai. Prof. V.C. Malshe and Aniket Malshe receiving SMEs that lack R&D infrastructure.
the MSME Star Stories award in Innovation
“These twin honours reflect category from Tapobrata Kumar, DBS Bank Importantly, NICHEM’s innovation
NICHEM’s consistent journey of solv- wide, driven by a passion for meaning- culture is deeply aligned with sus-
ing complex industrial challenges ful innovation. tainability and societal impact. Their
through innovative and customer- products contribute to plastic waste re-
centric solutions,” NICHEM Solutions NICHEM’s growth story is one of duction, drinking water purifi cation, air
said in a statement. strategic perseverance. The company purifi cation, residue-free farming and
consistently focused on developing eco- food security. Through these efforts,
Building a legacy: From vision to impact friendly, non-toxic, and globally com- they are actively supporting India’s
30 years ago, two progressive indi- pliant chemical solutions for sectors such self-reliance goals (Atmanirbhar Bharat)
viduals, Prof. V.C. Malshe and Rajan as polymers, drinking water, personal and global sustainability agendas such
Raje began the journey with a clear mis- care, paints, coatings, disinfection and as the United Nations Sustainable
sion: to transform lab-scale innovations agriculture. The company’s portfolio Development Goals (SDGs).
into scalable and sustainable products of over 150+ innovative products have
that address pressing societal and in- established them as a thought leader in The road ahead
dustrial needs. Fuelled by a risk-taking specialty chemicals. With four patents Looking forward, NICHEM envi-
vision, the youth torchbearer, Aniket to their credit and nine ongoing sions scaling to a Rs. 100-crore company
Malshe, joined NICHEM Solutions in patents, these products are marketed in 21+ by FY29, with a focus on regulated
2014 to take it to the next level. Start- countries and the network is expanding! international markets, deeper investments
ing as a small enterprise with limited in sustainable technologies, and a con-
resources, NICHEM has evolved into A culture of purpose-driven innovation tinued push for affordable innovations
a trusted partner for customers world- At the heart of NICHEM’s success is that reach underserved communities.

146 Chemical Weekly July 15, 2025

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