ARK GOLDEN INDIA PVT. LTD.: MANUFACTURER AND EXPORTERS OF SPECIALTY EPOXY HARDENERS AND RESINS
Incorporated in 2003, Ark Golden India Pvt. Ltd. has pioneered the national and international markets by becoming the top-notch manufacturer and exporter of Phenalkamine Hardeners. Under the stewardship of Dr. Pradeep Agarwal, the Company has touched the pinnacle and envisioned to flourish the horizons more. Walking on the trajectory of ‘Innovation comes first’, they created history by introducing innovative new process technology of ‘Phenalkamine Epoxy Hardeners’ with high cost-effectiveness for the first time in India.
‘Ark’ is a registered trademark for innovating a unique epoxy system in the field of marine and protective coatings and adhesives. Their brand is known globally for its zero complaints in terms of technical and commercial supplies. They are a zero liability company with zero debtors and creditors since its incorporation.
Catering to Industrial paint and adhesive manufacturers globally, including 3M, Akzo Nobel, RPM group, Asian Paints, Berger Paints, Shalimar Paints and also export to Russia, Turkey, Middle East, Gulf, etc., the Company has been successful in winning the faith of the clients with its unique and dynamic products.
They are continuously engaged and have invented self-developed, cost-effective, and the most advanced technologies as per the requirement of the customers. They are designing new products and improving their performance at the existing price or reducing the existing product cost with the same performance along with new technology innovations in formulation and process. In most cases, they develop and design standards of their products, which are followed by their competitors in the global market.
INNOVATION IS THE BACKBONE OF THE COMPANY
India is one of the largest sources of Cashew Nut Shell Liquid (shell of cashew crop), which is a key raw material and contributes almost 70% of this product, and hence gives high-value addition to this raw material. Its potential was first recognized by ARK Golden in India. The market was zero, and there was no awareness at the time of introducing this product in India.
The fact is that this product is still at the lowest cost epoxy hardener worldwide with its inherent quality for a cure at low temperatures under high humidity. Today, this product is one of the largest export in the field of epoxy hardeners and is now a commodity product.
Their innovation was not stopped here. They knew that all innovative products will become commodities one day if successfully established in the market with value addition. With their incredible knowledge and expertise in this field, they launched a series of new rapid curing epoxy hardeners with the latest technology for the first time globally. They continued their innovation by launching new advanced technologies in the field of food-grade, water-based, underwater curable and potable water pipeline coatings, which are based on the low cost, new and advanced technology coupled with performance properties, which are developed for the first time in the world.
Innovation is not limited to their product development but also penetrated in all key tasks of their company, including marketing, purchase, and finance.
They share knowledge with their customers to resolve their technical queries with cost-effective product solutions irrespective of the products manufactured by them or not. This extra effort makes their customers delighted and wins their trust and confidence. Hence, they want them to be their suppliers at all times.
They study and render their focus to the global market situation for all their raw material. Many times, they become the first to understand in advance about the price fluctuations in India. This gives them lead to procure and manage their inventories the most effectively. This provides real value addition to their company in terms of profitability.
They understand the value of finance and used innovative ways to manage their finances very effectively. They have zero debtors and creditors in their company. They change their product line very frequently each year and keep balance in their commodity and specialized products. They get 90 days credit from most of their suppliers but sell their product either in advance or average 30 days credit only. In spite of high liquidity, they do not keep any balance in their current account and keep invested their surplus funds in liquid or debt mutual funds. They adopted the practice for a long time for redeeming and investing every day and thus do not lose any interest in their earnings.
As a result of focus, they have ZERO complaints in terms of technical and commercial supplies till date from all their customers globally. They have track records for resolving any query raised by any tax department within 24 hours even during their frequent audits and scrutiny.
EXCURSION OF PRADEEP
The Journey is started by Dr. Pradeep Kumar Agarwal, CEO and Managing Director and real mentor of this company. He was born and brought up in his father’s steel industry at a small town Chandausi, Moradabad, UP. During his childhood from 1958 to 1974, he got inspired by his father’s struggles and success. He built the empire on ethics and strong moral values, which was shut down as well finally during 1980 due to a lack of technical knowledge. Pradeep states, “As I grew, I developed a strong passion to create new technology in my life and established it for global recognition. Entrepreneurship was poured in my blood before starting my professional education career.”
After his graduation at the native place, he moved to Harcourt Butler Technical University at Kanpur and chosen his further education in the field of Chemical Engineering with specialization in Polymer Technology, after a long thought. He further states, “My vision was clear from day one that I have to innovate new technologies in my field and establish the brand globally. I gave serious thought to choose my field for focusing on it throughout my life.” Thereby, Pradeep focused on Specialty Epoxy Hardeners during his B. Tech project in 1979. After this, he got specialized in this genre with his masters and Ph.D. in the same field and started working in many of the national as well as international companies.
In 2003, he gave an idea to start his own venture, and since then, he never looked back and added a multitude of feathers in his cap.
ACHIEVEMENTS AND MILESTONES
Great Global recognition for innovating high-performance product line at the lowest price. Following the latest awards received by them along with notable recognition.
- ‘Best Phenalkamine Hardeners Manufacturer 2019’ – Energy Innovator Awards 2019 by CV Magazine, UK
- CRISIL Rating as SME 1 ‘HIGHEST’ level of creditworthiness, adjudged in relation to other SMEs in 2018 and 2019 and also as ‘High-Performance Capability and High Financial Strength’ continuously each year, since 2010.
- ‘Indian Brand of the Year, 2019’ by APS MEDIA GROUP
- ISG Winner as ‘Emerging Entrepreneurs of India’ by NDTV PROFIT and INDIA SME FORUM in 2017
- ‘Indian Achievers Award’ for Business Excellence in 2017 and also in 2019
- ‘The Fastest Growing Indian Company Excellence Award’ at the International Achievers Conference in 2017 and also in 2019
- ‘Emerging SME’ by ET NOW in 2018
- CVC- Certificate of Commitment
