We recently met Chetan Gandhi, CFO of Aarti Industries (Aarti), to gain an insight into the speciality chemical space, the unwinding of the China story and the company's position in the value chain. Aarti is a technocrat run, chemical conglomerate established in 1984. It operates primarily in three segments viz. speciality chemicals (~81% of sales), pharmaceuticals (~14% of sales) and home & personal care (~5% of sales). Over three decades of indigenous R&D;, the company has mastered the Nitro Chloro Benzene chemistry with installed capacity of...