Salil Singhal on how he built and scaled PI Industries

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.