Meet the billionaire behind Clean Science and Technology

Ashok Boob, Managing Director of Clean Science and Technology Ltd was listed India’s 100 Richest with a net worth of $2.3 billion ranking 93 in 2021 in Forbes magazine.

He previously worked as an Executive Director at Mangalam Drugs and Organics Ltd, with two and a half decades of experience in the Chemical industry, Boob turned entrepreneur at the age of 54. He decided to work on developing eco-friendly and sustainable manufacturing processes of specialty and fine chemicals, accompanied by his nephew Siddharth Sikchi. They started with hydroxylation technology which has grown to become the world's largest manufacturer of certain chemicals. 

Clean Science now has seven products that are used in a wide variety of formulations, from an anti-oxidant in the food and animal feed industry to infant food formulations and breakfast cereals, and as a reagent in anti-retrovirals to UV blockers in sunscreens.  

On Jul 19, 2021 the Company got listed in the secondary marketwith a 98% listing gain over the offer price of Rs 900. At  CMP of Rs 2190, the stock has more than doubled from its issued price of Rs 900. 

The company commands rich valuation at a TTM PE of  117X which factors in its potential  growth in the Unique, innovative, sustainable and costeffective catalytic manufacturing process. The business boasts a return on Equity of 36 per cent. 

Clean Science, which at current market capitalization of Rs 6550 crore, where Boob and his wife Asha hold 28.15 per cent stake. 

Boob envisioned to work on sustainability so has unleashed the entrepreneur in him at an age when most plan their retirement and has founded a company which now boasts of a global presence in specialty chemicals.