Standard Chartered PE invests Rs. 85Cr in Privi Organics The private equity arm of Standard Chartered Bank has invested Rs. 85 Crore in Privi Organics. Privi is planning an expansion of its manufacturing facilities at Mahad in Maharashtra and the fund infusion will partly be used to finance this expansion. "Privi Organics is at an inflection point as it builds on its leadership position among aromatic chemical companies globally," Mahesh Babani, Managing Director, Privi Organics, said. "We have found Privi Organics to be the right partner because of its strong chemistry skills and quality manufacturing strengths that are well recognized by its global customer base." Rahul Raisurana, Managing Director, Standard Chartered Private Equity, said. The specialty and fine chemicals market is pegged at $860 million and most of the products in this segment are used as additives in the textile, leather, paper, cosmetics and detergent industries. Back to News & Events