The Anthea Group is a private group of companies engaged in the manufacture and export of a range of specialty chemicals based in Mumbai, India. The Group is a major producer of Fragrance & Flavor chemicals, catering to key F&F multinationals in markets such as North and South America, Europe and the Asia-Pacific region. Additionally, the Anthea Group produces specialty chemicals which are used in a range of applications such as pharmaceuticals, flame retardant polymers and agrochemicals. The Anthea Group has its origins in 1991 with the establishment of Anthea Aromatics Pvt. Ltd. (AAPL), a company that was set up in Navi Mumbai to manufacture specialty chemicals used in the perfumery and flavor industry. In 2002, a new manufacturing facility was set up in Roha, Maharashtra to manufacture a key perfumery intermediate. In 2007, AAPL entered into a 50:50 joint venture with les Dérivés Résiniques et Terpéniques (DRT), a reputed French multinational engaged in the research, development and manufacture of resin and terpene derivatives. In 2008, The Anthea Group took over Crown Chemicals Pvt. Ltd. located at Tarapur MIDC, and revamped this facility to manufacture synthetic Piperonal (Heliotropin) through a novel and eco-friendly route. In 2011, DRT took a substantial stake in Crown Chemicals. Subsequently, DRT increased its stake in Crown Chemicals, which is now a 50:50 JV between DRT and The Anthea Group. In 2016, ICICI Ventures, the private equity arm of ICICI Bank, is investing about Rs 120 crore for a minority stake in the Anthea Group. The Anthea Group is one of the most profitable in India with revenues of over Rs 350 crore (USD 53 million) in 2015 - 16.