September 16th, 2021, Dammam - Dorf Ketal Chemicals India Pvt Ltd. (Mumbai-400064, Maharashtra, India), have entered into a Joint Venture (JV) agreement with TriBonds Chemical Co. (Dammam, 2nd industrial city, KSA).
This venture, Dorf ketal-TriBonds will cater to the ever growing demand for specialty chemicals in Hydrocarbon & water industries. The JV was finalized amidst the pandemic to prepare for increased focus in the KSA markets for both the participants.This new JV, will leverage complementary strengths to meet the growing industry demands, bringing in innovations to critical applications such as; Drag Reducing Agents for pipeline applications, Clean Fuels, Coke retarders for the petrochemical industry, Green Retarders for Styrene production with water treatment in a region where water conservation becomes ever more critical. It is noteworthy to mention that all these technologies will increase sustainability offerings to the chemical industry. The new JV will actively participate in the Kingdoms’ 2030 vision by increasing the local raw materials content and creating local employment opportunities. Technology localization will enhance workforce development, aligning with Saudi Aramco’s In-Kingdom Total Value Add program (IKTVA).
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July 15th, 2021, Mumbai - Dorf Ketal's Group Company, Trentar Pvt Ltd announced one of the most significant acquisitions alongside a controlling stake with India's leading Drone-based Service provider and AI Powered Platform Company, GardudaUAV. This acquisition will focus on igniting and scaling-up new-age businesses based on Drone Services and Software.
While the pandemic has created an unprecedented spike to rely on technology, there's an ardent need to scale up Drone-based Services to help automate and digitize hitherto manual processes like mapping, surveying, inspection, maintenance, surveillance. Drones deliver aerial data sets with improved accuracy, enhanced safety, and reduced costs.
Commenting on the acquisition, Mr. Sudhir Menon, Chairman, Dorf Ketal, said, "The Domain Expertise Dorf Ketal has because of working with the prominent players in the Upstream and Downstream of Oil & Gas, Ethylene sector for the last 3 decades helped ARITAR to launch focused AI Solutions for these sectors. In the same manner, it will help GarudaUAV also to be equipped instantaneously to address these verticals and ensure safe implementation. Our primary expertise is focused on operational and environmental efficiencies. This acquisition is an advancement of our long-term goals".
Mr. Brijesh Pandey, Founder & CEO of GarudaUAV, said, "In the last 4 years, GarudaUAV had acquired more than 150 customers in more than 14 different verticals to become a formidable player in the Drone Based Services space. Efficient Service Delivery coupled with an intelligent platform has given us the leadership position in this space. This acquisition by Trentar will provide us the much-needed tailwind to boost our growth most effectively and that too in the shortest period".
Mr. Subodh Menon, Founder, Dorf Ketal, expresses, "Trentar has been launched with the objective of creating a strong presence for Dorf Ketal group in the New Age Industries like Drone based services/software, AI, Robotics, Circular Economy. This acquisition is strategic in nature as the plan is to transform GarudaUAV into a Formidable Enterprise through the Global Presence & Goodwill of Dorf Ketal. We also plan to acquire companies with complimenting and cutting edge technologies to take the delivery of GarudaUAV’s services notches ahead. The initial game plan is to create an Enterprise predominantly through the inorganic growth route, globally.
GarudaUAV specializes in aerial data acquisition, analysis, and reporting. They use their AI-powered enterprise drone platform BlueHawk to collect, classify, analyze, and report data. The firm was recognized as an innovative start-up by the Indian government (DIPP) and has worked with some of India's and the world's most well-known companies. GarudaUAV provides actionable aerial Intelligence for the O&M, Mapping & Survey functions.
About Dorf Ketal & Trentar
Dorf Ketal Chemicals (www.dorfketal.com) is a privately-owned global specialty Chemicals Company based in Mumbai, India with operations in the Asia Pacific, China, Europe, South America and North America. The firm's core strategic focus on new chemistries is reflected in numerous patents and industry recognition for innovation to solve our customer's most demanding problems.
Trentar Private Limited is a Group Company of Dorf Ketal concentrating in the New Age/Sunrise Industries. It plans to offer specialized solutions for various Industry verticals partnering with ARITAR, the Artificial Intelligence arm of Dorf Ketal, focusing on Domain Intelligent ML AI Engines and agile methodologies.
GarudaUAV is a leading platform based drone survey & inspection company in India. They automate manual processes to make your operations and maintenance tasks efficient, expedient and economical.
Their services include drone survey, mapping, visual and thermal inspection to solar plants, transmission lines & utilities, wind turbines, thermal plants, factories, dams and hydro power projects, telecom towers, coal & mine. They also offer construction progress monitoring services, post-disaster surveys for highways, rail and metro projects, oil and gas pipelines and plants, construction sites and general insurance assets.
The learnings from each project being executed help enhancing their proprietary AI powered platform BlueHawk, which will be launched as a SAS offering shortly.
More information available at www.garudauav.com