Company lists
The Maharashtra edition · 2026

Chemicals and materialscompanies in Maharashtra

Chemicals, metals, polymers & plastics, paints & coatings, distributors and more: the companies building chemicals and materials in Maharashtra, with their founders, funding, team size and business models.

2,048 company profiles795 with reported revenue14 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent chemicals and materials business events in Maharashtra

Funding, M&A, contract wins and launches involving 2,174 chemicals and materials companies in Maharashtra, last 24 months: 85 M&A deals · 67 Contracts · 15 funding rounds · 5 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractService

BigTrunk Communications · client: Velvex

BigTrunk Communications has added another marquee account to its roster, securing the national digital and social media mandate for Velvex, the lubricant brand owned by Nandan Petrochem…

Advertising
ContractService

BigTrunk Communications · client: Nandan Petrochem

BigTrunk Communications, an independent integrated advertising agency known for its data-driven and creative approach, has secured the national digital and social media mandate for…

Advertising
M&AAcquisition · Announced

AAB Business Trust acquires Clean science and technology

AAB Business Trust, a member of the promoter group of Clean Science and Technology Limited, has announced a proposed acquisition of 1,01,00,000 equity shares. These shares will be…

Technology
M&AAcquisition · Announced

ARB Business Trust acquires Clean science and technology

ARB Business Trust, a promoter group member of Clean Science and Technology Limited, has announced a prior intimation regarding the acquisition of 33,00,000 equity shares, representing…

Science and Technology
ContractTechnology

Bharatia · client: Jsw steel

Indian steel producer JSW Steel has signed a memorandum of understanding (MoU) with Bharatia, an Indian impact accelerator responsible for project development, ecosystem integration and…

Steel / Green Energy
M&AAcquisition · Announced

Dorf-Ketal Chemicals India Limited acquires Vasu chemicals

Dorf-Ketal Chemicals India Limited, a global specialty chemicals company known for its innovation-driven solutions and strategic acquisitions, has acquired the Water Treatment Business…

Industrial Water Treatment
M&AMerger · Announced

Jsw steel acquires Bmm Ispat

JSW Steel on Thursday said its board has approved raising up to ₹14,000 crore through a mix of non-convertible debentures, warrants and equity-linked instruments, while also clearing the…

Steel
M&AAcquisition · Announced

Camlin fine sciences acquires Vinpai

Camlin Fine Sciences Limited (CFSL), an Indian firm specializing in shelf life solutions, has filed a draft tender offer to acquire remaining Vinpai shares.

Shelf life solutions
M&AAcquisition · Completed

SCM Commercial Private Limited acquires Deepak Fertilisers & Petrochemicals

SCM Commercial Private Limited has completed the acquisition of 74,00,000 equity shares, representing 5.86% of the paid-up equity share capital of Deepak Fertilisers & Petrochemicals.

Fertilisers & Petrochemicals
M&AAcquisition · Announced

Time technoplast acquires Systoverse

Time Technoplast added 3.59% to Rs 190.50 after the company said that it has entered a memorandum of understanding (MoU) with the promoters of Systoverse (SPL) for acquiring 76% stake in…

Contract

John Cockerill India · client: Jsw steel

The company has bagged a ₹300 crore contract from JSW Steel

ContractSupply

Texmaco rail & engineering · client: Hindalco industries

Texmaco Rail & Engineering has announced the receipt of a significant order valued at ₹23.57 crores from Hindalco Industries Limited.

Rail Freight
LaunchFentaamine

Heranba industries

Heranba Industries Limited introduced two new products, “Fentaamine” and “MycoHil,” on April 10, 2026, as part of its expansion into crop nutrition.

Crop Nutrition
ContractSupply

Serentica renewables · client: Sanathan

The agreement will support the supply of 32 MW of hybrid renewable energy to Sanathan’s manufacturing operations.

Textile
M&AMerger · Announced

Jsw steel acquires Jfe steel

JFE Steel Corporation will invest Rs 15,750 crore to form a joint venture with the steel major

Steel
ContractSupply

Hilton metal forging · client: Na

Hilton Metal Forging Limited has entered into an interim sales agreement for the supply of 360,000 standard 155mm M107 empty artillery shells, marking a significant step in its expansion…

Defence
M&AAcquisition · Announced

Sanathan acquires Serentica Renewables India 33 Private Limited

Sanathan Polycot Private Limited (SPPL), has entered into a Agreement along with a Power Supply and Consumption Agreement (PSCA) to acquire a 26% stake in Serentica Renewables India 33…

Renewable Energy
M&AAcquisition · Completed

Tata chemicals acquires Novabay Pte. Ltd

Tata Chemicals, through its wholly-owned subsidiary Tata Chemicals International Pte. Ltd, has completed the acquisition of Novabay Pte. Ltd on March 19, 2026.

Chemical
ContractTechnology

Shipwaves · client: Hindalco industries

Shipwaves Online Limited has secured a purchase order valued at ₹1.56 crore from Hindalco Industries Limited to deploy an end-to-end logistics digitalization platform aimed at improving…

ContractSupply

Aarti industries · client: Na

Aarti Industries Limited, a global manufacturer of specialty chemicals, bagged a multi-year agrochemical supply agreement valued at approximately $150 million with a major global…

Agrochemicals
ContractService

Kaushalya Logistics · client: Jsw cement

Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement industry, has added JSW Cement Limited as a new client to its portfolio,…

Cement industry
ContractSupply

Aarti industries · client: Leading global chemical company

Aarti Industries Limited (AIL) has announced a significant expansion of its long-term supply agreement with a leading global chemical company, strengthening an existing strategic…

Chemical
ContractGovernment

Jsw cement · client: Government of assam

JSW Cement Ltd on Monday said it has been declared as the 'Preferred Bidder' for the mining lease of the Sikilangso Limestone Block in Assam. 'We wish to inform you that the Company has…

Mining
M&AAcquisition · Completed

Gandhar Coal & Mines Private Limited acquires Gandhar oil refinery

Gandhar Coal & Mines Private Limited has made another acquisition of equity shares in Gandhar Oil Refinery (India) Ltd, purchasing 2,590 shares through open market operations on February…

Oil Refinery
ContractSupply

Hindalco industries · client: Embraer

Embraer and Hindalco Industries have signed a memorandum of understanding (MoU) to undertake exploratory activities aimed at assessing potential business opportunities in India.

Aerospace, aluminum manufacturing
ContractTechnology

Embraer · client: Hindalco industries

New Delhi: Brazilian aviation major Embraer, which is eyeing a multi-billion dollar contract from the Indian Air Force for its medium transport aircraft project, has signed a Memorandum…

Aerospace
ContractSupply

Bharat heavy electricals · client: Hindalco industries

Bharat Heavy Electricals Ltd. (BHEL) has secured an order worth ₹1,200-1,500 crore from Hindalco Industries for the Aditya Expansion Project Phase II in Odisha. The order is for the…

Energy and Infrastructure
ContractSupply

Bharat Heavy Electrical · client: Hindalco industries

Bharat Heavy Electrical (BHEL) secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries.

M&AAcquisition · Completed

Jsw paints acquires AkzoNobel India

The acquisition, which was completed in December 2025, has instantly elevated JSW Paints to the fourth-largest player in the Indian paints industry, giving the group control of the…

Chemicals and materials companies in Maharashtra, by revenue

Browse chemicals and materials companies in Maharashtra 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 795 chemicals and materials companies in Maharashtra 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 aluminium

Metals and alloys
₹224,459.00 crFY 2022-23
Not reported
14,647-4% 12 mo to Mar 2024LinkedIn · Jul 2026
68 yr1958
0none in 3 months

Manufacturer of flat and long steel products

Metals and alloys
₹169,518.00 crFY 2024-25
-4%2024–2025
340-14% 12 mo to Sep 2023recorded Sep 2023
44 yr1982
0none in 3 months

Manufacturer of polyester yarns

Textile yarn
₹13,020.71 crFY 2024-25
+20%2024–2025
1,774-3% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months · last posted Jun 2026

Manufacturer of cold-rolled and galvanized steel products

Metals and alloys
₹12,059.40 crFY 2024-25
+5%2024–2025
770+4% 12 mo to Feb 2024recorded Feb 2024
14 yr2012
0none in 3 months

Manufacturer of NPK fertilizers

Fertilizers
₹10,355.24 crFY 2024-25
+18%2024–2025
1,953+1% 12 mo to Jun 2023recorded Jun 2023
39 yr1987
0none in 3 months

Manufacturer of fertilizers and industrial chemicals

Crop inputs
₹8,798.85 crFY 2023-24
Not reported
2,536+3% 12 mo to Jul 2024LinkedIn · Jul 2026
47 yr1979
0none in 3 months

Trader and manufacturer of metals and other products

Metals and alloys
₹6,306.85 crFY 2021-22
Not reported
646+52% vs previous recordLinkedIn · Jul 2026
52 yr1974
2postings · last posted Aug 2026

Manufacturer of specialty chemicals, pharmaceutical products, and surfactants

Diversified chemicals
₹6,381.66 crFY 2023-24
-4%2023–2024
5,118+0% 12 mo to Jun 2024LinkedIn · Jul 2026
42 yr1984
3postings · last posted Sep 2026

Develops process chemicals and service solutions for crude oil refining, petrochemicals and additives

Diversified chemicals
₹6,237.15 crFY 2024-25
+12%2024–2025
1,192+79% vs previous recordLinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted May 2026

Manufacturer of polystyrene, expandable polystyrene, and ABS compounds

Polymers
₹6,096.54 crFY 2024-25
+15%2024–2025
508+6% 12 mo to Oct 2023recorded Oct 2023
33 yr1993
0none in 3 months

Manufacturer of cement, cementitious materials, aggregates, additives, and ready-mix concrete

Building materials
₹5,914.66 crFY 2024-25
-3%2024–2025
2,887-2% 12 mo to Nov 2023LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of packaging products

Polymers
₹5,462.31 crFY 2024-25
+9%2024–2025
1,750recorded
34 yr1992
0none in 3 months · last posted Jun 2026

Manufacturer of iron, steel, and pallet products

Metals and alloys
₹5,243.25 crFY 2024-25
Not reported
1,001recorded
24 yr2002
0none in 3 months

Manufactures fertilizers, micro nutrients and organic manure.

Crop inputs
₹4,772.87 crFY 2023-24
Not reported
523-6% 12 mo to Sep 2024LinkedIn · Jul 2026
59 yr1967
—No postings tracked

Manufacturer of textile, cement and paper

Pulp
₹4,570.01 crFY 2023-24
Not reported
23+4% 12 mo to Sep 2024recorded Sep 2024
129 yr1897
—No postings tracked

Manufacturer of surfactants and specialty care ingredients for the home and personal care industry

Surfactants
₹4,249.48 crFY 2024-25
+11%2024–2025
1,791+3% 12 mo to Sep 2024recorded Sep 2024
46 yr1980
1postings · last posted Aug 2026

Provider of dyestuffs, pesticides, veterinary drugs, and polymers

Agrochemicals
₹4,000.14 crFY 2022-23
Not reported
2,093-14% 12 mo to Aug 2024recorded Aug 2024
59 yr1967
0none in 3 months

Manufacturer of white oils

Flavors and fragrances
₹3,909.92 crFY 2024-25
-5%2024–2025
325+9% 12 mo to Mar 2024recorded Mar 2024
34 yr1992
0none in 3 months

Manufacturer of wire and cable for electrical and copper industry

Dyes pigments and inks
₹3,694.55 crFY 2024-25
+23%2024–2025
—Not available
33 yr1993
0none in 3 months

Manufacturer of agrochemicals and specialty products

Agrochemicals
₹3,085.74 crFY 2022-23
Not reported
1,677+7% 12 mo to Jul 2024LinkedIn · Jul 2026
64 yr1962
0none in 3 months

Supplier of bulk petrochemicals, methanol, agrochemicals, and ketones

Flavors and fragrances
₹2,727.87 crFY 2021-22
Not reported
41+10% 12 mo to Feb 2024LinkedIn · Jul 2026
58 yr1968
—No postings tracked

Manufacturer of diversified chemicals

Diversified chemicals
₹3,010.80 crFY 2024-25
+4%2024–2025
1,406+9% 12 mo to Mar 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Jun 2026

Color & effect pigment manufacturer

Dyes pigments and inks
₹2,555.86 crFY 2023-24
Not reported
785+5% 12 mo to Mar 2024recorded Mar 2024
75 yr1951
3postings · last posted Aug 2026

Manufactures castor seeds, manure and castor oil

Diversified chemicals
₹2,529.83 crFY 2024-25
+18%2024–2025
1,750recorded
34 yr1992
0none in 3 months

Manufacturer of specialty chemicals and organic intermediates

Diversified chemicals
₹2,292.48 crFY 2024-25
+18%2024–2025
953recorded
37 yr1989
0none in 3 months
50 of 2,048 companies shown here · the full list is on Radar
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Explore chemicals and materials companies in Maharashtra by what you are looking for

Browse chemicals and materials companies in Maharashtra, from specialty and diversified chemical makers to polymers, paints and metals. Find types of chemicals used in industries, chemical distributors and materials suppliers, plus startups and listed firms.

9 ways to explore chemicals and materials in Maharashtra

Specialty & diversified chemical manufacturersMetals, steel & alloys companiesPolymers, plastics & rubber companiesPaints, coatings, adhesives & dyes companiesChemical & materials distributorsTextile yarn, fibre & fabric materials makers

Specialty & diversified chemical manufacturers

Manufacturers of industrial, specialty, inorganic and petrochemicals.

  1. DFPCL

    Manufacturer of fertilizers and industrial chemicals

    Crop inputs
    See in list
  2. Aarti Industries

    Manufacturer of specialty chemicals, pharmaceutical products, and surfactants

    Diversified chemicals
    See in list
  3. Dorf Ketal

    Develops process chemicals and service solutions for crude oil refining, petrochemicals and additives

    Diversified chemicals
    See in list
  4. Laxmi

    Manufacturer of diversified chemicals

    Diversified chemicals
    See in list
  5. DCW

    Provider of PVC resin, caustic soda, and liquid chlorine

    Diversified chemicals
    See in list

Metals, steel & alloys companies

Producers and traders of steel, aluminium and other metals and alloys.

  1. Hindalco

    Manufacturer of aluminium

    Metals and alloys
    See in list
  2. JSW Steel

    Manufacturer of flat and long steel products

    Metals and alloys
    See in list
  3. Chandan Steel

    Manufacturer & exporter of stainless steel metals

    Metals and alloys
    See in list
  4. Metarolls

    Metaroll - The Power of Steel

    Building materials
    See in list
  5. Gajkesari Steels and Alloys

    Manufacturer and supplier of TMT 500 round bars with certified ISI standards

    Metals and alloys
    Website

Polymers, plastics & rubber companies

Makers of polymers, plastic compounds, additives and synthetic rubber.

  1. Apcotex

    Manufacturer of synthetic rubber and latex products

    Polymers
    See in list
  2. APPL Industries

    Manufacturer of polymer compounds for the automotive, appliances, and electrical industries

    Polymers
    Website
  3. SSF Plastics

    Manufacturer of rigid plastic packaging and engineering plastic components

    Polymers
    Website
  4. Plastiblends

    Manufacturer of colour, additive master batches and thermoplastic compounds

    Polymers
    Website
  5. Goldstab Organics

    Manufacturer of PVC heat stabilizers, metallic stearates, and polymer additives

    Polymer additives
    Website

Paints, coatings, adhesives & dyes companies

Manufacturers of paints, coatings, adhesives, sealants, inks and pigments.

  1. Ram Ratna

    Manufacturer of wire and cable for electrical and copper industry

    Dyes pigments and inks
    See in list
  2. Sudarshan

    Color & effect pigment manufacturer

    Dyes pigments and inks
    See in list
  3. PPG Asian Paints

    Provider of automotive OEM coatings, automotive refinish, industrial coatings, and marine coatings

    Paints and coatings
    See in list
  4. Visen Industries

    Manufacturer of polymer emulsions

    Paints and coatings
    See in list
  5. Jesons

    Manufacturer & supplier of acrylic emulsions

    Adhesives and sealants
    See in list

Chemical & materials distributors

Distributors and suppliers of chemical raw materials, solvents and materials.

  1. Sanjay Chemicals

    Distributor of chemicals and solvents

    Chemical distributors
    Website
  2. Apextechnopolymer

    Distributor of engineering polymers and related services

    Materials distributors
    Website
  3. Indus Petrochem

    Distributor of oleochemicals, alpha olefins, surfactants, and specialty chemicals

    Chemical distributors
    Website
  4. Sterling Auxiliaries

    Manufacturer & supplier of specialty chemicals

    Chemical distributors
    Website
  5. CJ Shah

    Distributor of chemicals

    Chemical distributors
    Website

Textile yarn, fibre & fabric materials makers

Manufacturers of yarns, industrial fibres and fabrics.

  1. Bhilosa

    Manufacturer of polyester yarns

    Textile yarn
    See in list
  2. Rossari Biotech

    Manufacturer of textile and specialty chemicals for diverse industries and animal health nutrition products

    Textile yarn
    See in list
  3. Madura Industrial Textiles

    Manufacturer of yarns and industrial fabrics

    Textile yarn
    See in list
  4. Century Enka

    Producer of nylon tyre cord fabric and nylon filament yarn

    Diversified materials
    See in list
  5. Gimatex

    Manufacturer of woven textile fabrics

    Textile yarn
    See in list

Chemicals and materials startups in Maharashtra

Newer chemicals and materials companies founded in recent years.

  1. Blue Flame Energy

    The company supplies and exports bitumen and petrochemicals

    Petrochemicals
    Website
  2. VEVELON

    Provider of bitumen solutions for various applications in the oil and gas industry

    Materials services
    Website
  3. Toyal MMP India

    Manufacturer of specialty aluminium paste and aluminium powder products

    Dyes pigments and inks
    Website
  4. Shree Sai Samarth Coatings

    Provider of solutions for industrial painting plants

    Polymers
    Website
  5. Fengyuan India

    Manufacturer and supplier of high-quality fluorine and phosphate chemicals

    Diversified chemicals
    Website
111 companies in Maharashtra

Chemicals and materials companies hiring in Maharashtra

Chemicals and materials companies with open jobs right now.

  1. Bhilosa

    Manufacturer of polyester yarns

    Textile yarn
    See in list
  2. MTC Group

    Trader and manufacturer of metals and other products

    Metals and alloys
    See in list
  3. Aarti Industries

    Manufacturer of specialty chemicals, pharmaceutical products, and surfactants

    Diversified chemicals
    See in list
  4. Dorf Ketal

    Develops process chemicals and service solutions for crude oil refining, petrochemicals and additives

    Diversified chemicals
    See in list
  5. Time Technoplast

    Manufacturer of packaging products

    Polymers
    See in list
29 companies in Maharashtra

Listed chemicals and materials companies in Maharashtra

Publicly listed chemicals and materials companies.

  1. Hindalco

    Manufacturer of aluminium

    Metals and alloys
    See in list
  2. JSW Steel

    Manufacturer of flat and long steel products

    Metals and alloys
    See in list
  3. DFPCL

    Manufacturer of fertilizers and industrial chemicals

    Crop inputs
    See in list
  4. Aarti Industries

    Manufacturer of specialty chemicals, pharmaceutical products, and surfactants

    Diversified chemicals
    See in list
  5. Supreme Petrochem

    Manufacturer of polystyrene, expandable polystyrene, and ABS compounds

    Polymers
    See in list
136 companies in Maharashtra
Mobile reach

Top 10 chemicals and materials apps from Maharashtra

The most-installed Android apps published by chemicals and materials companies headquartered in Maharashtra — 718K installs between them. 32 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

PENSOL Scan Master

by Pensol

Installs93K
Rating—
Last updatedMay 2026
View on Google Play ↗
PENSOL Scan Master screenshot 1PENSOL Scan Master screenshot 2PENSOL Scan Master screenshot 3PENSOL Scan Master screenshot 4PENSOL Scan Master screenshot 5PENSOL Scan Master screenshot 6
7

Sunanda Experts League

by Sunanda Global

Installs14K
Rating—
Last updatedApr 2026
View on Google Play ↗
Sunanda Experts League screenshot 1Sunanda Experts League screenshot 2Sunanda Experts League screenshot 3Sunanda Experts League screenshot 4
8

Plasto Loyalty

by plasto

Installs13K
Rating—
Last updatedApr 2024
View on Google Play ↗
Plasto Loyalty screenshot 1Plasto Loyalty screenshot 2Plasto Loyalty screenshot 3Plasto Loyalty screenshot 4
10

JOINTSEAL Bandhan

by Jointseal

Installs8K
Rating—
Last updatedNov 2025
View on Google Play ↗
JOINTSEAL Bandhan screenshot 1JOINTSEAL Bandhan screenshot 2JOINTSEAL Bandhan screenshot 3JOINTSEAL Bandhan screenshot 4JOINTSEAL Bandhan screenshot 5JOINTSEAL Bandhan screenshot 6
The business behind the activity

Chemicals and materials financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 720 chemicals and materials companies in Maharashtra for FY24-25 — 823 of the 2,048 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 59% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹435,902.06 cr

720 companies filing accounts

combined net profit₹24,388.77 cr

5.6% aggregate margin

are profitable87%

623 of 720 companies

median revenue~₹72.5 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five59%

revenue concentration

Six-year view

Combined revenue of filing companies

₹188,199.77 crFY19-20666 filers
₹193,353.06 crFY20-21687 filers
₹307,843.01 crFY21-22708 filers
₹342,630.44 crFY22-23740 filers
₹428,416.41 crFY23-24763 filers
₹435,902.06 crFY24-25720 filers

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

Like-for-like

The same 668 companies over three years

+2%
FY22-23₹326,978.47 cr₹14,259.97 cr net
FY23-24₹324,449.85 cr₹19,668.46 cr net
FY24-25₹333,540.25 cr₹17,512.54 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 cr3339% profitable
₹1–10 cr10173% profitable
₹10–100 cr29189% profitable
₹100–1,000 cr24794% profitable
Over ₹1,000 cr4896% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking242
0–20%297
20–50%110
50–100%30
Doubled+29

708 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

623profitable
97loss-making
5.6%aggregate margin
2.9%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
Aditi EssentialsAURASHINE ESSENTIALS PRIVATE LIMITED₹241.75 cr
Acharya GroupDR.ACHARYA LABORATORIES PRIVATE LIMITED₹131.95 cr
Trutek Systems CombineTRU TEK SYSTEMS COMBINE PRIVATE LIMITED₹33.09 cr
Vama WovenfabVAMA WOVENFAB LIMITED+179%
Sanghi OxygenSANGHI OXYGEN (BOMBAY) PVT LTD+170%₹24.99 cr
KotechKOTECH INFRA PRIVATE LIMITED₹27.31 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Sanghi OxygenSANGHI OXYGEN (BOMBAY) PVT LTD₹24.99 cr
M PallonjiM PALLONJI AND COMPANY PRIVATE LIMITED37.5%₹239.86 cr
Jyoti Ceramic IndustriesJYOTI CERAMIC INDUSTRIES PRIVATE LIMITED30.9%₹97.75 cr
Clean Science and TechnologyClean Science And Technology Limited30.5%₹958.50 cr
Anmol ChemicalsANMOL CHEMICALS PRIVATE LIMITED30.4%₹76.94 cr
Paras IntermediatesPARAS INTERMEDIATES PRIVATE LIMITED29.3%₹82.69 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Metals and alloys37₹250,631.39 cr~₹121.9 cr92%5.5%
Diversified chemicals188₹49,532.50 cr~₹76.2 cr83%8.2%
Textile yarn48₹29,691.43 cr~₹82.7 cr81%4.2%
Polymers73₹22,358.90 cr~₹91.4 cr92%5.1%
Dyes pigments and inks40₹11,149.73 cr~₹98.0 cr85%4.4%
Chemical distributors45₹8,859.58 cr~₹127.2 cr91%2.9%
Agrochemicals12₹7,460.23 cr~₹79.2 cr92%7.8%
Flavors and fragrances12₹6,728.69 cr~₹160.1 cr92%3.2%
Leaders

Largest chemicals and materials companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
JSW SteelJSW STEEL LIMITED₹129,567.00 cr₹5,837.00 cr4.5%-5%
HindalcoHINDALCO INDUSTRIES LIMITED₹94,638.00 cr₹6,387.00 cr6.7%+13%
BhilosaBHILOSA INDUSTRIES PRIVATE LIMITED₹13,020.71 cr₹621.88 cr4.8%+20%
POSCO MaharashtraPOSCO MAHARASHTRA STEEL PRIVATE LIMITED₹12,059.40 cr₹993.20 cr8.2%+5%
Supreme PetrochemSUPREME PETROCHEM LIMITED₹6,096.54 cr₹390.52 cr6.4%+15%
JSW CementJsw Cement Limited₹5,669.70 cr₹101.91 cr1.8%-5%
Shri Bajrang Power & IspatSHRI BAJRANG POWER AND ISPAT LIMITED₹5,169.65 cr₹308.15 cr6.0%+2%
Ram RatnaRAM RATNA WIRES LIMITED₹3,641.08 cr₹71.72 cr2.0%+22%
Dorf KetalDORF-KETAL CHEMICALS INDIA LIMITED₹3,357.94 cr₹744.31 cr22.2%+37%
Gharda ChemicalsGHARDA CHEMICALS LIMITED₹3,285.94 cr₹191.20 cr5.8%+17%
Some figures are available to Radar members.Log in to Radar to see every figure

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 Maharashtra 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 Maharashtra
For investors and data teams

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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 Maharashtra 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, Maharashtra85

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 Maharashtra

82Acquisition
3Merger

Most active acquirers

  1. Jsw paints18
  2. Jsw steel15
  3. Sudarshan6
  4. Fineotex chemical5
  5. Hindalco industries5

Most acquired or merged

  1. Akzo Nobel India8
  2. Vinpai4
  3. AkzoNobel India4
  4. Clean science and technology3
  5. BPSL2

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 Maharashtra

14 chemicals and materials companies in Maharashtra have recorded equity funding, US$496.70m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind chemicals and materials companies in Maharashtra. 509 of 2,048 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra chemicals and materials companies by sub-sector

The most common specialisations among chemicals and materials companies in Maharashtra. 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.

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