Company lists
The Gujarat edition · 2026

Chemicals and materialscompanies in Gujarat

Industrial chemicals, polymers & plastics, textile yarn & fabrics, metals & alloys, dyes & paints and more: the companies building chemicals and materials in Gujarat, with their founders, funding, team size and business models.

1,346 company profiles507 with reported revenue10 with recorded fundingSeptember 2026 edition

Recent chemicals and materials business events in Gujarat

Funding, M&A, contract wins and launches involving 1,431 chemicals and materials companies in Gujarat, last 24 months: 28 Contracts · 13 M&A deals · 9 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Anupam Rasayan India acquires Bliss gvs pharma

New Delhi, Specialty chemicals maker Anupam Rasayan India has signed an agreement to acquire up to 43.3 per cent stake in pharmaceutical formulations company Bliss GVS Pharma Ltd for an…

Pharmaceutical formulations
M&AAcquisition · Announced

Zeochem acquires Swambe chemicals

Zeochem, the chemistry division of the CPH Group, acquires Sorbead India and Swambe Chemicals.

Chromatography gels
M&AAcquisition · Completed

Agrawal family acquires INEOS Styrolution India

Agrawal family, who had originally founded the company in 1973, bought back INEOS Styrolution India at ₹849 per share from its global parent.

M&AAcquisition · Announced

Welspun corp acquires Welspun Mauritius Holdings Limited

Welspun Corp has announced a delay in the acquisition of approximately 2.57% equity stake in its subsidiary, Welspun Mauritius Holdings Limited (WMHL).

ContractSupply

Welspun corp · client: Na

Welspun Corp shares gained 4% on Monday after the steel and plastics products maker said it won a large order for supply of pipes from the firm’s US facility valued at approximately Rs…

M&AAcquisition · Completed

Anupam rasayan acquires Jayhawk Fine Chemicals Corporation

Anupam Rasayan India Limited has successfully completed the acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation for a purchase consideration of approximately US$150…

Specialty chemicals
M&AAcquisition · Announced

Na acquires Ongc Petro Additions

PANAJI: The oil and gas giant ONGC will shortly issue expressions of interest soon seeking interested parties to pick up its stake in its fully-owned subsidiary ONGC Petro additions (OPaL).

ContractSupply

Deem roll-tech · client: Steel Authority of India Limited Bokaro Steel Plant

This contract carries an estimated value of INR 89.1 million, including tax, and pertains to the domestic supply of steel rolls.

Steel manufacturing
ContractSupply

Deem roll-tech · client: Rashtriya Ispat Nigam Limited Visakhapatnam Steel Plant

Valued at approximately INR 52.9 million, inclusive of tax, the order involves the supply of steel rolls.

Steel manufacturing
ContractSupply

Pro-Zeal Green Power Fifteen Private Limited · client: Meghmani organics

Meghmani Organics Limited (User Shareholder / Consumer) ("the Company"), today, January 13, 2026, has entered into and executed an agreement with Pro-Zeal Green Power Fifteen Private…

Renewable Energy
ContractSupply

Arfin india · client: Diamond Power Infrastructure

Shares of Arfin India traded nearly 2% higher on Wednesday, December 31, after the company announced a large order win from Diamond Power Infrastructure for the supply of aluminium…

Aluminium conductor
ContractSupply

Captain polyplast · client: MSEDCL

Captain Polyplast Limited (CPL, BSE: 536974), is one of the leading manufacturer and exporter of micro irrigation solutions, and has diversified its operations into the burgeoning solar…

Renewable Energy, Agri-infrastructure
M&AAcquisition · Announced

Sumeet industries acquires Bajrang Green Energy One

The board of Sumeet Industries at its meeting held on 15 December 2025 has approved to acquire up to 26% of equity share capital in Bajrang Green Energy One with an investment of Rs. 26…

ContractService

Petronet lng · client: Ongc Petro Additions

State-run entities Petronet LNG (PLL) and ONGC have entered into a 15-year Ethane Unloading, Storage and Handling (USH) Services deal, through which the former is expected to earn a…

Petrochemicals
FundingQualified Institutional Placement (QIP)

Ratnaveer precision engineering

RatnaVeer Precision Engineering Ltd has launched a Qualified Institutional Placement (QIP) issue to raise up to Rs 211 crore, according to an exchange filing.

Automotive, Aerospace, Industrial
M&AAcquisition · Completed

Chemcon speciality chemicals acquires Shivam Petrochem Industries

Chemcon Speciality Chemicals Limited has successfully executed a significant corporate action, acquiring the entire business undertaking of Shivam Petrochem Industries through a slump…

Specialty Chemicals
ContractSupply

Arfin india · client: JFE Shoji India Pvt. Limited

Arfin India Limited has received an order from its distributor JFE Shoji India Pvt. Limited, a part of a Japanese company, for supplying aluminium products, including ingots, wire rods,…

Aluminium
ContractTechnology

Newspace india · client: Crest speciality resins

RTV silicone adhesive, now with Crest Speciality Resins, can be adapted for bonding EV battery packs and solar-powered charging systems, cutting import costs.

EV and automobile sector
FundingSeed

Aether

Aether, a New Zealand–based AI-powered SaaS platform for marketing presentations, has raised NZ$3.8M (A$3.4M) in Seed funding.

Investors Icehouse ventures, Brand Fund 2
AI SaaS / Marketing Productivity / Presentation Automation
ContractSupply

Captain polyplast · client: Maharashtra Electricity Division

Captain Polyplast jumped sharply after receiving an order worth Rs 6 crore for the supply, installation, and commissioning of 200 Off-Grid DC Solar Photovoltaic Water Pumping Systems.

Renewable Energy - Solar
ContractInfrastructure

Mitsui o.s.k. lines · client: Ongc Petro Additions

In a landmark move, ONGC has signed a Heads of Agreement with Japan’s MOL on July 3, 2025 to build, own and operate two VLECs, redefining how India powers its petrochemical future.

ContractSupply

Brampton engineering · client: Vishakha polyfab

Multilayer film manufacturer Vishakha Polyfab will become the first processor in India to add Brampton Engineering’s AquaFrost water-quenched blown film technology.

Packaging
FundingRights Issue

Globe textiles

Globe Textiles (India) Limited, a prominent force in the textiles and apparel industry, has announced its Rights Issue, offering eligible shareholders a valuable opportunity to enhance…

Textiles and Apparel
ContractSupply

Aether Industries · client: Baker hughes

Aether Industries Limited has finalized an amendment to its Strategic Supply Agreement with Baker Hughes. The amendment, executed on January 7, 2025, establishes the volume and pricing…

FundingRights issue

Ongc Petro Additions

State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday (December 3) said it has raised its equity stake in its subsidiary, ONGC Petro Additions Ltd (OPaL), from 94.57% to 95.69%…

Investors Ongc
Petrochemical
FundingQualified Institutional Placement

Epigral

Epigral Ltd (formerly known as Meghmani Finechem Ltd), an integrated chemical manufacturer completed qualified institutional placement (QIP) by raised funds of ₹333.05 crore.

Investors Na
Specialty Chemicals
M&AAcquisition · Announced

20 microns acquires 20 Microns SDN BHD

20 Microns Limited, an Indian industrial minerals company, has acquired 545,454 shares in its Malaysian subsidiary, 20 Microns SDN BHD, for approximately 120 million Malaysian Ringgit…

Minerals
FundingEquity Capital Infusion

Ongc Petro Additions

Oil and Natural Gas Corporation said that its board has approved an investment of Rs 10,501 crore in equity shares of ONGC Petro additions (OPaL), in one or more tranches.

Investors Oil and Natural Gas Corporation (ONGC)
Petrochemicals

Chemicals and materials companies in Gujarat, by revenue

Browse chemicals and materials companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 507 chemicals and materials companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of flat carbon steel products

Metals and alloys
₹54,612.74 crFY 2024-25
-11%2024–2025
12,002+888% vs previous recordLinkedIn · Jul 2026
7 yr2019
5postings · last posted Sep 2026

Manufactures fine chemicals

Diversified chemicals
₹4,783.87 crFY 2023-24
Not reported
4,397+2% 12 mo to Mar 2023LinkedIn · Jul 2026
79 yr1947
0none in 3 months · last posted May 2026

Producer of caustic soda

Inorganic chemicals
₹4,558.65 crFY 2022-23
Not reported
349+2% 12 mo to Sep 2024LinkedIn · Jul 2026
53 yr1973
—No postings tracked

Manufacturer of dyestuff and chemicals

Dyes pigments and inks
₹4,192.86 crFY 2022-23
Not reported
912+7% 12 mo to Sep 2024LinkedIn · Jul 2026
59 yr1967
0none in 3 months

Provider of equipment and solutions for steel, engineering, and infrastructure sectors

Metals and alloys
₹4,123.66 crFY 2024-25
-4%2024–2025
2,160+92% 12 mo to Feb 2024LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Styrenix Performance Materials Ltd is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene, and styrene, used for manufacturing home appliances, automobiles, consumer durables, and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile and is mainly used for products such as lighting, stationery, novelties, refrigerators, and cosmetic packing. The company operates in two segments namely Specialties and Polystyrene, of which the majority of the revenue is generated from the Specialties segme

Diversified materials
₹2,994.61 crFY 2024-25
+34%2024–2025
453recorded
4 yr2022
0none in 3 months

Manufacturer of essential medicines across various therapeutic areas and diagnostic products

Diversified chemicals
₹2,944.87 crFY 2024-25
+6%2024–2025
—Not available
18 yr2008
54postings · last posted Sep 2026

Manufacturer of sulfonation, hydrogenation, ethoxylation, and ammonolysis

Diversified chemicals
₹2,338.77 crFY 2021-22
Not reported
665-2% 12 mo to Feb 2024LinkedIn · Jul 2026
49 yr1977
0none in 3 months

Provider of recycling solutions for industrial waste and end-of-life products

Waste & water management
₹2,344.73 crFY 2024-25
Not reported
1,006LinkedIn · Jul 2026
45 yr1981
0none in 3 months · last posted Jun 2026

Manufacturing a range of chemical products including phthalocyanine pigments, herbicides, fungicides, and intermediates, and exporting to various industries

Diversified chemicals
₹2,123.62 crFY 2024-25
+32%2024–2025
1,219LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Manufacturer of precipitated silicas and silicates for diverse applications

Diversified materials
₹1,820.79 crFY 2024-25
+11%2024–2025
1+4% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer of diversified chemical preservatives

Chemical preservatives
₹1,756.72 crFY 2024-25
+24%2024–2025
769+2% 12 mo to Nov 2023LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Manufacturer of chemical intermediaries

Inorganic chemicals
₹1,664.80 crFY 2022-23
Not reported
357-2% 12 mo to Feb 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Manufacturer of stainless steel, nickel alloy wires, and profiles

Metals and alloys
₹1,593.52 crFY 2024-25
-2%2024–2025
202LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Manufacturer of copper wires

Metals and alloys
₹1,485.83 crFY 2024-25
+25%2024–2025
175recorded
44 yr1982
0none in 3 months · last posted May 2026

Company specializing in the custom synthesis and manufacturing of specialty chemicals

Diversified chemicals
₹1,448.45 crFY 2024-25
-4%2024–2025
715+7% 12 mo to Mar 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Provider of diverse range of products, including specialty chemicals, pharma intermediates, and fragrances, with a focus on research, development, and manufacturing solutions

Chemical distributors
₹1,340.75 crFY 2024-25
+16%2024–2025
280LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Supplier of coal and petroleum coke products

Materials distributors
₹1,284.05 crFY 2024-25
-15%2024–2025
53LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of specialty chemical products, including dyes, intermediates, and related chemicals

Dyes pigments and inks
₹1,099.78 crFY 2024-25
+33%2024–2025
214LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Feb 2026

Manufacturer of filtration, drying, glass lined, metals, and other material equipments

Manufacturing services
₹1,034.95 crFY 2024-25
+6%2024–2025
736+2% 12 mo to Sep 2024recorded Sep 2024
45 yr1981
3postings · last posted Jul 2026

Manufacturer of castor oil, groundnut, rapeseed, and plastic products

Diversified chemicals
₹1,019.13 crFY 2024-25
+14%2024–2025
25LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of pet chips and polyester yarn

Textile yarn
₹1,005.74 crFY 2024-25
+2%2024–2025
112-8% 12 mo to Sep 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of yarn products

Textile yarn
₹911.31 crFY 2023-24
Not reported
25-40% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jan 2026

Manufacturer & Supplier of Plastic Bags

Building materials
₹919.83 crFY 2024-25
+22%2024–2025
150LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturer of industrial minerals, chemicals, and additives

Minerals
₹918.18 crFY 2024-25
+17%2024–2025
1,757+8% 12 mo to Aug 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted Jun 2026
50 of 1,346 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,346 chemicals and materials companies in Gujarat on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open chemicals and materials in Gujarat on Radar
  • Every company, not just 50All 1,346 chemicals and materials companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore chemicals and materials companies in Gujarat by what you are looking for

Browse chemicals and materials companies in Gujarat, from specialty and industrial chemicals makers to polymers, dyes and metals. You can also find chemicals and materials startups in Gujarat and companies hiring.

9 ways to explore chemicals and materials in Gujarat

Industrial & specialty chemical manufacturersPolymers, plastics & composites companiesTextile yarn & fabric manufacturersMetals, alloys & steel companiesDyes, pigments, paints & coatings companiesChemical & materials distributors and traders

Industrial & specialty chemical manufacturers

Makers of diversified, inorganic, agro and petrochemicals.

  1. Atul

    Manufactures fine chemicals

    Diversified chemicals
    See in list
  2. GACL

    Producer of caustic soda

    Inorganic chemicals
    See in list
  3. Kutch Chemical Industries

    Manufacturer of sulfonation, hydrogenation, ethoxylation, and ammonolysis

    Diversified chemicals
    See in list
  4. Meghmani

    Manufacturing a range of chemical products including phthalocyanine pigments, herbicides, fungicides, and intermediates, and exporting to various industries

    Diversified chemicals
    See in list
  5. Bodal Chemicals

    Manufacturer of diversified chemical preservatives

    Chemical preservatives
    See in list

Polymers, plastics & composites companies

Polymer, plastic, composite and polymer additive manufacturers.

  1. Veer Plastics

    Manufacturer & Supplier of Plastic Bags

    Building materials
    See in list
  2. Shakti Polyweave

    Provider of polymer based products

    Polymers
    See in list
  3. Silvin

    Manufacturer of lead-free OnePack additives for PVC and CPVC applications

    Polymer additives
    Website
  4. MACRO POLYMERS

    MACRO POLYMERS PVT.LTD | ABOUT MACRO POLYMERS

    Polymers
    Website
  5. Shri Ambica Polymer

    Manufacturer of woven agrotextiles and geotextiles with a focus on polypropylene woven technical textiles

    Polymers
    Website

Textile yarn & fabric manufacturers

Yarn, fabric and technical textile makers.

  1. Sumeet Industries

    Manufacturer of pet chips and polyester yarn

    Textile yarn
    See in list
  2. United Polyfab Gujarat Limited

    Manufacturer of yarn products

    Textile yarn
    See in list
  3. Liberty Silkmills

    Textile manufacturing company that specializes in producing a range of fabrics, including nylon, viscose, and crush cotton, catering to the demands of the apparel and textile industry

    Textile yarn
    See in list
  4. Knack Packaging

    Manufacturers and exporters of high-performance PP/HDPE woven sacks and BOPP laminated woven bags

    Textile yarn
    See in list
  5. Axita Cotton

    Manufacturer of cotton fabrics

    Textile yarn
    See in list

Metals, alloys & steel companies

Steel, aluminium, copper and alloy producers and processors.

  1. ArcelorMittal

    Manufacturer of flat carbon steel products

    Metals and alloys
    See in list
  2. Electrotherm

    Provider of equipment and solutions for steel, engineering, and infrastructure sectors

    Metals and alloys
    See in list
  3. Raajratna

    Manufacturer of stainless steel, nickel alloy wires, and profiles

    Metals and alloys
    See in list
  4. Arfin India

    Manufacturer of machines for the automotive industry

    Metals and alloys
    See in list
  5. Shree Extrusions

    Manufacturer of brass, bronze, and copper alloy products

    Metals and alloys
    Website

Dyes, pigments, paints & coatings companies

Manufacturers of dyes, pigments, inks, paints and coatings.

  1. Nitrex Chemicals India

    Developer of nitrocellulose based inks and coatings

    Polymers
    See in list
  2. Dynemic Products

    Manufacturer of food colors, lake colors, blended colors, and dye intermediates

    Food processing
    Website
  3. Aksharchem

    Manufacturer of pigments, dyes, and dyes intermediates

    Dyes pigments and inks
    Website
  4. DeepSeals

    Provider of precision coating solutions

    Paints and coatings
    Website
  5. AT Inks

    Manufacturer of digital inkjet inks

    Dyes pigments and inks
    Website

Chemical & materials distributors and traders

Distributors, traders and exporters of chemicals and raw materials.

  1. Anmol India

    Supplier of coal and petroleum coke products

    Materials distributors
    See in list
  2. Yash Polychem

    Distributor and manufacturer of petrochemicals and petroleum-based products

    Chemical distributors
    See in list
  3. PRAKASH CHEMICALS PVT LTD

    Distributor of specialty chemicals, additives, and polymers for industrial applications

    Chemical distributors
    See in list
  4. Supreme Glazes

    Distributor of ceramic frits, including transparent frits, matt frits, opaque frits, and engobe frits

    Materials distributors
    Website
  5. AM Masterbatch

    Supplier and exporter of masterbatches such as PVC compounds, UV stabilizers, additives, and modifiers

    Materials distributors
    Website

Chemical research, equipment & contract manufacturing

Chemical R&D, equipment makers and contract manufacturing providers.

  1. HLE Glascoat

    Manufacturer of filtration, drying, glass lined, metals, and other material equipments

    Manufacturing services
    See in list
  2. Allchem Lifescience

    Manufacturer of API intermediates, specialty chemicals, custom synthesis, and contract manufacturing

    Biopharma outsourcing
    Website
  3. Adani Pharma

    ISO certified manufacturer, supplier & exporter of APIs, intermediates & fine chemicals

    Diversified chemicals
    Website
  4. JDM Research

    Platform offering research and development solutions for various industries

    Biopharma outsourcing
    Website
  5. Arvind Anticor

    Manufacturer and supplier of thermoplastic process equipment for metal finishing industries

    Materials equipment manufacturers
    Website
62 companies in Gujarat

Listed chemicals and materials companies in Gujarat

Publicly listed chemicals and materials companies in Gujarat.

  1. Atul

    Manufactures fine chemicals

    Diversified chemicals
    See in list
  2. GACL

    Producer of caustic soda

    Inorganic chemicals
    See in list
  3. Electrotherm

    Provider of equipment and solutions for steel, engineering, and infrastructure sectors

    Metals and alloys
    See in list
  4. Styrenix Performance Materials

    Styrenix Performance Materials Ltd is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene, and styrene, used for manufacturing home appliances, automobiles, consumer durables, and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile and is mainly used for products such as lighting, stationery, novelties, refrigerators, and cosmetic packing. The company operates in two segments namely Specialties and Polystyrene, of which the majority of the revenue is generated from the Specialties segme

    Diversified materials
    See in list
  5. Meghmani

    Manufacturing a range of chemical products including phthalocyanine pigments, herbicides, fungicides, and intermediates, and exporting to various industries

    Diversified chemicals
    See in list
101 companies in Gujarat

Chemicals and materials startups in Gujarat

Recently founded chemicals and materials companies in Gujarat.

  1. Maruti Texprocess

    Provider of textile processing services including dyeing, printing, and finishing

    Textile yarn
    Website
  2. Ratnakar India

    Manufacturer of EOT cranes, gantry cranes, electric wire rope hoists

    Crop tech
    Website
  3. Uniform Synthetics

    Manufacturer of resins, coatings, adhesives, and paint products

    Diversified chemicals
    Website
  4. Kalahridhaan

    Internet first brand of multi category casual wear for women and men

    Traditional conglomerates
    Website
  5. Ananta Recycling

    Manufacturer of secondary grade aluminum ingots, bars, shots, and alloys

    Metals and alloys
    Website
124 companies in Gujarat
Mobile reach

Top 10 chemicals and materials apps from Gujarat

The most-installed Android apps published by chemicals and materials companies headquartered in Gujarat — 315K installs between them. 22 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

R Partner

by Redwop

Installs30K
Rating—
Last updatedJun 2026
View on Google Play ↗
R Partner screenshot 1R Partner screenshot 2R Partner screenshot 3R Partner screenshot 4R Partner screenshot 5R Partner screenshot 6
7

Polymart

by PolyMart

Installs6K
Rating—
Last updatedApr 2026
View on Google Play ↗
Polymart screenshot 1Polymart screenshot 2Polymart screenshot 3Polymart screenshot 4Polymart screenshot 5Polymart screenshot 6
9

GESCSL

by Novel

Installs1K
Rating—
Last updatedFeb 2025
View on Google Play ↗
GESCSL screenshot 1GESCSL screenshot 2GESCSL screenshot 3GESCSL screenshot 4GESCSL screenshot 5GESCSL screenshot 6
The business behind the activity

Chemicals and materials financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 485 chemicals and materials companies in Gujarat for FY24-25 — 527 of the 1,346 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 45% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹160,434.06 cr

485 companies filing accounts

combined net profit₹8,903.21 cr

5.5% aggregate margin

are profitable88%

426 of 485 companies

median revenue~₹76.6 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five45%

revenue concentration

Six-year view

Combined revenue of filing companies

₹95,271.35 crFY19-20435 filers
₹65,606.89 crFY20-21453 filers
₹95,937.40 crFY21-22466 filers
₹155,473.65 crFY22-23485 filers
₹162,463.86 crFY23-24498 filers
₹160,434.06 crFY24-25485 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 455 companies over three years

+5%
FY22-23₹151,722.10 cr₹7,773.93 cr net
FY23-24₹157,617.52 cr₹11,917.40 cr net
FY24-25₹158,984.24 cr₹8,908.60 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1953% profitable
₹1–10 cr4976% profitable
₹10–100 cr21686% profitable
₹100–1,000 cr18396% profitable
Over ₹1,000 cr18100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking157
0–20%159
20–50%104
50–100%28
Doubled+26

474 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

426profitable
59loss-making
5.5%aggregate margin
2.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Deeptialloysteel.comECOFINITY ATOMIX LIMITED+371%₹31.77 cr
Gloria InterchemGLORIA INTERCHEM PRIVATE LIMITED+344%₹10.50 cr
Narmadaraj IndustriesNARMADARAJ INDUSTRIES LIMITED
SSMRSHREE SHANTI METAL RECYCLING PRIVATE LIMITED₹46.51 cr
Kshitij NutriscienceKSHITIJ NUTRISCIENCE INDIA PRIVATE LIMITED+217%
Madhav CopperMADHAV COPPER LIMITED+211%₹125.47 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Soma TextilesSOMA TEXTILES & INDUSTRIES LTD476.3%₹14.54 cr
Indo Baijin ChemicalsINDO BAIJIN CHEMICALS PRIVATE LIMITED₹472.64 cr
CantonCANTON LABORATORIES PRIVATE LIMITED₹147.08 cr
Standard PesticidesSTANDARD PESTICIDES PRIVATE LIMITED30.3%₹79.91 cr
SHANPARSHANPAR INDUSTRIES PRIVATE LIMITED29.5%₹64.17 cr
Lilanand MagnesitesLILANAND MAGNESITES PRIVATE LIMITED29.1%₹95.56 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Metals and alloys31₹64,833.66 cr~₹104.5 cr94%4.8%
Diversified chemicals124₹27,144.70 cr~₹84.8 cr86%6.8%
Dyes pigments and inks46₹12,204.91 cr~₹102.2 cr91%4.1%
Textile yarn52₹10,892.67 cr~₹141.4 cr88%3.8%
Diversified materials28₹8,018.74 cr~₹106.3 cr100%10.0%
Adhesives and sealants5₹5,574.54 cr~₹60.6 cr100%10.8%
Polymers50₹5,273.25 cr~₹57.4 cr86%5.5%
Inorganic chemicals10₹4,823.21 cr~₹60.2 cr70%0.8%
Leaders

Largest chemicals and materials companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ArcelorMittalARCELORMITTAL NIPPON STEEL INDIA PRIVATE LIMITED₹52,877.88 cr₹2,444.93 cr4.6%-11%
AstralASTRAL LIMITED₹5,340.30 cr₹566.30 cr10.6%+4%
AtulATUL LIMITED₹5,207.68 cr₹456.28 cr8.8%+16%
GACLGUJARAT ALKALIES AND CHEMICALS LIMITED₹4,165.05 cr₹15.82 cr0.4%+7%
ElectrothermELECTROTHERM (INDIA) LIMITED₹4,122.92 cr₹428.60 cr10.4%-4%
ColourtexCOLOURTEX INDUSTRIES PRIVATE LIMITED₹3,805.67 cr₹42.90 cr1.1%+3%
Kutch Chemical IndustriesKUTCH CHEMICAL INDUSTRIES LIMITED₹2,874.01 cr₹206.21 cr7.2%+44%
Amneal PharmaceuticalsAMNEAL PHARMACEUTICALS PRIVATE LIMITED₹2,757.92 cr₹227.16 cr8.2%+3%
Styrenix Performance MaterialsSTYRENIX PERFORMANCE MATERIALS LIMITED₹2,755.16 cr₹232.17 cr8.4%+23%
Madhu SilicaMADHU SILICA PRIVATE LIMITED₹1,820.79 cr₹468.99 cr25.8%+11%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Chemicals and Materials Industry Landscape of India

The financials above are one chapter. The full chemicals and materials landscape of Gujarat maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the chemicals and materials landscape of Gujarat
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Chemicals and materials funding and M&A across India

99 recorded equity rounds have gone to 7,595 chemicals and materials companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$21.84m

equity rounds, last 24 months9

US$200.49m

raised over five yearsUS$520.00m

37 rounds in India

M&A deals, Gujarat13

last 24 months

Capital by year

Equity funding into chemicals and materials in India

amount rounds
$597k20182
$83k20204
$217m20218
$30m20223
$13m20238
$178m202411
$67m20256
$15m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$217.06m across 8 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.42m7 rounds · median US$197k
SeedUS$24.18m17 rounds · median US$822k
Series AUS$65.45m6 rounds · median US$8.85m
Series BUS$115.74m5 rounds · median US$14.84m
Series D+US$312.23m2 rounds · median US$156.11m
Where the money went · five years

Most-funded sub-sectors

Building materialsUS$193.28m1 rounds · 1 companies
Energy storage techUS$118.95m1 rounds · 1 companies
Diversified chemicalsUS$75.37m11 rounds · 7 companies
Contract manufacturersUS$42.98m2 rounds · 2 companies
Mining equipmentUS$39.21m1 rounds · 1 companies
Metals and alloysUS$14.84m1 rounds · 1 companies
CompositesUS$12.83m5 rounds · 1 companies
Corporate activity · last 24 months

M&A in Gujarat

13Acquisition

Most active acquirers

  1. Anupam Rasayan India5
  2. Welspun corp2
  3. Zeochem1
  4. Agrawal family1
  5. Na1

Most acquired or merged

  1. Jayhawk Fine Chemicals Corporation2
  2. Bliss gvs pharma1
  3. Swambe chemicals1
  4. INEOS Styrolution India1
  5. Welspun Mauritius Holdings Limited1

Each deal appears in the events strip at the top of the page.

Go deeper in the chemicals and materials landscape reports:

Chemicals and Materials Industry Landscape of India

Chemicals and materials funding in Gujarat

10 chemicals and materials companies in Gujarat have recorded equity funding, US$65.65m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind chemicals and materials companies in Gujarat. 307 of 1,346 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat chemicals and materials companies by sub-sector

The most common specialisations among chemicals and materials companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring chemicals and materials in India and nearby markets.

Coming soon