Profile: Mr. Paresh M. Saraiya

Birth	Born in 1953, in Mumbai into an entrepreneurial family. He was exposed to the nuances of running a business from an early age.
Education	- B.E. (Mechanical Engineering), 1975, from The Maharaja Sayajirao University of Baroda. Executive Education from Harvard Business School and IIM Ahmedabad, Bangalore.
Profession	- Currently the Chairman & Managing Director of Silox India Private Limited, Vadodara. Steered the Company as Managing Director since its inception in 2001. - Silox India is a Joint Venture between Silox SA-Belgium and Excel Industries Limited/ Transpek Industry Ltd. It is in the business of manufacturing and marketing Inorganic Chemicals catering to a wide range of end use segments such as Textile, Paints & Coatings, Rubber & Tyre, Pharma, Polymer, Ceramic, Paper & Pulp, Personal Care etc. - Silox India has as Annual Revenue of about INR 1000 Cr. (Y-2020), healthy cash flows, strong bottom line, wide international presence, market leadership in India and overseas for various products. Exports to over 65 countries spread across six continents of the world, contributes 35% to the Annual Revenue. Sales CAGR growth of 13%, Net Profit Growth of 19%, Average Return on Capital Employed (ROCE) of 18%. CRISIL rating: Short Term:- A1+ Long Term:- AA.
Business Ventures	Designated Partner in MuellerUnifab Packaging LLP, a 50%:50% Joint Venture (JV) between Mūller Group of Switzerland and Unifab Engineers, a Saraiya family Firm. Mūller Group has 120 years old legacy and their first ever investment in Asia happened in India with the Saraiya Family Firm, thanks to the confidence generated by the consistent performance credentials and values inspired by Mr. Paresh Saraiya
Board Level Appointments	Serves on the Board of Directors as Independent Director of Alembic Pharmaceuticals Ltd., Alembic Inc. USA, Dinesh Remedies Ltd., Excel Genetics Ltd., Shroffs Engineering Pvt Ltd. and SIAMP India Private Limited.
Industry Contribution	- From being one of the chief architects of the Joint Venture between Transpek Industry Ltd. and Silox S.A. Belgium, to successfully navigating the Organization through choppy waters of resource frugality, competitive forces and volatile international commodity prices among others, Mr. Saraiya has built Silox India into a strong value based Industrial Enterprise. Creating a value based Organization, which is trusted by its customers and loved by its stake holders. Silox India has been contributing to the National Exchequer through taxes and adding to Foreign Exchange Reserves. It has generated over 2000 direct and indirect jobs and vendor base of 500 suppliers. Mr. Saraiya has high level of engagement with the CSR initiatives which is acknowledged through various CSR Awards by District CSR Cell, Gujarat CSR Authority (CGSRA) and Federation of Gujarat Industries (FGI). Silox India was the recipient of National Social Responsibility Award for the Y 2018 conferred by Indian Chemical Council (ICC).
Professional Associations	- Mr. Saraiya has held important Management Positions in CII Western Region Task Force on Chemicals and Dyestuff, Gujarat Employers Organization (GEO) and Gujarat Safety Council. He is currently the Senior Vice President of Federation of Gujarat Industries (FGI).
Social Contributions	- Trustee of United Way of Baroda- United Way of Baroda is the first Indian local unit of the prestigious United Way, one of the oldest & largest non-profit organization of the United States of America. - Trustee of Swar Vilas and Ghargharika- organizations engaged in promoting Indian classical Music and Dance Forms respectively. - Founder Trustee of Heritage Trust, Vadodara - Its most distinguished work being its efforts culminating in inclusion of Champaner-Pavagarh as a UNESCO World Heritage Site.
Life Mantras and Energizers	Excellence-Human Dignity-Fairness-Lifelong learning. Champion of Ecology and Bio-Diversity. All manufacturing sites of Silox India have lush green cover. Has created green cover of over 50,000+ trees at his eco-farm near Vadodara to protect and conserve Kotar land. Ardent Art lover and a keen patron of budding sculptors and artists.

Mr. Paresh M. Saraiya is a senior business leader with over four decades of rich and diverse experience in technical, commercial, corporate leadership, entrepreneurship and corporate governance. His relentless pursuit of excellence, learning along with his strategic contributions earned himself important positions in the highest echelons of the company right from the early years of his career.

Born in 1953 into an entrepreneurial family, he was exposed early on to the nuances of running a business. His early education was in a prestigious school in Mumbai, which was followed by Graduation in Mechanical Engineering from the Faculty of Technology and Engineering, The Maharaja Sayajirao University of Baroda. He subsequently pursued Executive Education from Harvard Business School, as well as Indian Institute of Management (IIM) Ahmedabad, Bangalore.

Mr. Saraiya started his career as a Graduate Engineer Trainee with Transpek Industry and handled various entrepreneurial and cross functional assignments in the company. He did the pioneering work of developing International Trade and business with the best in class global Companies at a time when many Indian chemical companies preferred to be inward looking and were contented with catering only to Domestic market.

Mr. Saraiya is currently the Chairman & Managing Director of Silox India Industry Private Limited, Vadodara. He has steered the Company as the Managing Director since its inception in Y 2001

Silox India is a Joint-Venture between Silox SA-Belgium and Excel Industries Limited/Transpek Industry Ltd. It is in the business of manufacturing and marketing Inorganic Chemicals catering to a wide range of end use segments such as Textile, Paints & Coatings, Rubber & Tyre, Pharma, Polymer, Ceramic, Paper & Pulp, Personal Care etc.

From being one of the chief architects of the Joint Venture to successfully navigating the Organization through choppy waters of resource frugality, competitive forces and volatile international commodity prices among others, Mr. Saraiya has built Silox India into a strong value based and healthy Industrial Enterprise. He has been a hands-on leader, leading Silox India from the front since last 19 years, first as the Managing Director and now as the Chairman & Managing Director.

Silox India today has an Annual Revenue of about INR 1000 Cr. (Y 2020), healthy cash flows, strong bottom line, wide international presence and market leadership both in Domestic and Overseas markets for various products. Exports to more than 65 countries spread across 6 continents of the world, contributes 35% to the overall revenue. Silox India over the years has perfected a smart sustainable value creation model, which is reflected through various parameters like CAGR growth of Sales 13%, Net Profit 19%, Average Return on Capital Employed (ROCE) of 18% among others. Silox India has been contributing to the National Exchequer through taxes and adding to Foreign Exchange Reserves. It has generated over 2000 direct and indirect jobs; generated a vendor base of over 500 suppliers. The sound business health of Silox India is recognised by the CRISIL rating: Short Term: A1+ Long Term: AA.

Silox India, under Mr. Saraiya’s leadership, has won many Awards and Recognitions. Few notable ones being :

I. Chemicals Export Promotion Council (CHEMEXCIL) Exports Awards:

i. Gold Award (Large Scale Sector),Y 2009-10 (Inorganic Chemicals panel)

ii. First Award (Large Scale Sector), Y 2007-08 (Inorganic, Organic and Agrochemicals panel)

iii. Second Award (Large Scale Sector), Y 2006-07 (Inorganic, Organic and Agrochemicals panel)

II. CONCOR Exports Awards:

Silox India has been consistently receiving Awards from CONCOR for being amongst the highest Exporters from Vadodara region.

III. EHS, Community Care and Quality Consciousness:

i. Responsible Care (RC) certification.

ii. All three sites ISO 9001:2015, ISO 14001:2015 and OHSAS 18001 certified.

iii. QA and R&D facilities National Accreditation Board for Testing and Certification Laboratories (NABL) Accredited.

While Mr. Saraiya has steered Silox India to excellence and an all-round business success, he is particularly proud of his contributions towards the ‘people-centric’ company culture and Corporate Social Responsibility (CSR) initiatives that the company has consistently implemented throughout its existence.

Silox India was bestowed with various recognitions as below for its CSR initiatives:

a) Silox India was adjudged as the best company in Large Industry category for its work in health and nutrition in ‘True Impact CSR Award’ constituted by the District CSR Committee in partnership with Federation of Gujarat (FGI) and Cognito for the Y-2016.

b) In the year 2017, Silox India received certificate of Appreciation from Gujarat CSR Authority. In the same year, Silox India received Certificate of Merit in the category of ‘Outstanding Contribution in the field of Corporate Social Responsibility’ from Federation of Gujarat Industries (FGI).

Silox India was the recipient of National Social Responsibility Award for the Y 2018 conferred by Indian Chemical Council (ICC).

In addition to his full time responsibility as the Chairman & Managing Director of SIPL, Mr. Saraiya is also on the Board of various companies. He is the Independent Director on the Board of Alembic Pharmaceuticals Ltd., Alembic Inc. USA, Dinesh Remedies Ltd., Excel Genetics Ltd., Shroffs Engineering Pvt Ltd. and SIAMP India Private Limited

He is a Designated Partner in Mueller Unifab Packaging LLP, a 50%:50% Joint Venture (JV) between Mūller Group of Switzerland and Unifab Engineers, a Saraiya Family Firm. Mūller Group has a 120 years old legacy of sound business principles and their first ever investment in Asia happened in India with the Saraiya Family Firm, thanks to the confidence generated by the consistent performance credentials and values inspired by Mr. Paresh Saraiya.

He is Senior Vice President of Management Committee of Federation of Gujarat Industries (FGI) Vadodara.

He also had the privilege of being the Convenor of the Task Force on Chemicals and Dyestuff constituted by CII, Western Region.

He was the Executive Committee Member and Vice Chairman (Employers’ Representative) of Gujarat Safety Council.

He was associated with Gujarat Employers Organization (GEO) in the capacity of Advisor and as Director- GEO HR convention.

Apart from business, Mr. Saraiya has keen interest in promotion of art & culture as well as in Environment preservation. He has played a key role in nurturing and supporting budding artists from Vadodara since last many years.

Mr. Saraiya is actively associated as Trustee / Executive Committee Member with various socio-cultural organizations such as:

• Trustee of United Way of Baroda - United Way of Baroda is the first Indian local unit of the prestigious United Way, one of the oldest and largest non-profit organisation of the United States of America.


• Founder Trustee of Heritage Trust, Vadodara. Heritage Trust, Vadodara has done some outstanding work in Vadodara City, the most distinguished work being its efforts culminating in inclusion of Champaner-Pavagadh as UNESCO World Heritage Sites.


• Trustee of Swar Vilas and Ghargharika - organizations engaged in promoting Indian classical Music and Dance Forms respectively. Swar Vilas is active since last fifty-five years and Mr. Saraiya is associated with it for over twenty years.


• Executive Committee Member of Vadodara Society for Prevention of Cruelty to Animals (VSPCA)

An active contributor, learner and devout student of management, leadership and responsible governance, Mr. Saraiya has been making a positive difference to the society. An ardent lover of art, Mr. Saraiya has been a patron to budding sculptors and artists. He was instrumental in pioneering international sculpture artist camps in Vadodara, wherein some of the world’s finest sculptors worked alongside local talent who created magnificent pieces of art and provided invaluable learning experience for our artists. Gift of ‘ABACUS’ sculpture, sculpted by legendary artist, late Shri. Nagjibhai Patel, to Vadodara City is a testament of his appreciation for art and love for Vadodara City.

Vadodara city proudly continues its rich legacy of being a vibrant centre of arts, education, social development and business enterprise. Mr. Paresh Saraiya ranks high amongst the city’s contemporary ambassadors.

He is a champion of Ecology and Bio-Diversity and true to his nature of leading by example, has planted more than 50,000+ trees in his eco-farm near Vadodara to protect and conserve Kotar land. He has also ensured that all manufacturing sites of Silox India have lush green cover which is home to a rich bio-diversity.

Mr. Saraiya lives by the life mantra of ‘Excellence-Human Dignity-Fairness-Lifelong learning’.

His life and achievements are living testimony of it!

June 2020, Vadodara