In an exclusive video interview with VCCircle, first generation entrepreneur Salil Singhal and founder of publicly listed PI Industries shares his entrepreneurial journey . With a presence of over six decades, the agri-input and fine chemicals company has now grown to become a preferred partner for global MNCs for custom synthesis on account of its competencies in process research and manufacturing, coupled with its non-compete and IP driven business model. Singhal who had to make some difficult decisions during the course of building out his venture asserted that entrepreneurs should not pursue things with a questionable intent in mind. In January this calendar year, the company raised Rs 117 crore ($21.8 million) via qualified institutions placement (QIP) from Sequoia capital. Last quarter, Standard Chartered Private Equity exited its three-year-old investment in PI Industries with over 4x returns.
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