Ashwin C Muthiah

Ashwin C Muthiah, chairman of a group of Chennai-based companies, oversaw shareholder meetings this month across Manali Petrochemicals, SPIC, Tamilnadu Petroproducts, and Sicagen India, all approving dividends ranging from 10% to 15%. These companies demonstrated varied financial performance, with Manali Petrochemicals reporting exceptional gains from a subsidiary divestment and provision reversals alongside revenue growth, while Tamilnadu Petroproducts saw a profit increase despite a revenue decline. The consistent dividend approvals and ongoing strategic investments, such as Sicagen India’s new HDPE barrel manufacturing unit, suggest a commitment to shareholder returns and continued operational expansion within the broader petrochemical and fertilizer sectors.