Chemicals and Materials · Mumbai, India

Best Chemicals and Materials Companies in Mumbai, India

Updated 2026-06-17 · Ranked by funding & momentum

712 indexable Chemicals and Materials companies headquartered in Mumbai, India, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $814.9M across 27 funded companies, including 1 unicorn.

712
Companies
$814.9M
Total Funding
27
Funded
1
Unicorns
0
Rounds (90d)

Ranked: Best Chemicals and Materials companies in Mumbai

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 Distil
Manufacturer of specialty chemicals
$3.1M $8M
as of 2024
Series A Series A Sep 2025 2023 ↑ Active
2 JSW Cement Unicorn
Manufacturer of cement, cementitious materials, aggregates, additives, and ready-mix concrete
$193.3M $1.1B
as of 2021
Public Conventional Debt Jun 2023 1,388 2009
3 Inventys
Custom based manufacturer of actives, crop protection, advanced intermediates, and specialty chemicals
$64.3M $249.3M
as of 2022
Series A Series A Apr 2022 197 2005
4 Laxmi
Manufacturer of diversified chemicals
$9.9M $92.8M
as of 2012
Public Post IPO Oct 2023 954 1992
5 JBF Industries
Manufacturer of polyester yarn
$150M Late Stage PE Aug 2015 347 1982
6 Shubhalakshmi Polyesters
Manufacturer of polyester chips and yarns
$39.7M $71.7M
as of 2021
Acquired Series C Jun 2021 18 2005
7 Excel Crop Care
Online slot gaming platform with diverse casino games and jackpot opportunities
$93.1M Late Stage Post IPO Jun 2016 204 2003
8 Anthea
Manufacturer of specialty chemicals for flavour, fragrance, pharmaceutical, and agro industries
$28.8M $73.4M
as of 2019
Funding Raised May 2019 88 1991
9 Keva
Manufacturer of flavours and fragrances
$44M Public PE Sep 2012 557 1922
10 Eternis
Manufacturer of aroma chemicals and esters
$12.3M $108.2M
as of 2021
Series B Series B Jan 2021 513 1988
11 Everlon Synthetics
Manufacturer of polyester texturised yarn
$37.5M Public Post IPO 4 1989
12 Aarti Industries
Manufacturer of specialty chemicals, pharmaceutical products, and surfactants
$10.6M Public Post IPO Jul 2021 6,655 1984
13 Calibre Chemicals
Manufacturer of iodine, selenium, cobalt and peroxygens
$6.1M Acquired Unattributed Jan 2022 188 1984
14 Fine Organics
Producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, and lubes
$26.4M Public Grant (prize money) Sep 2014 784 1970
15 Visen Industries
Manufacturer of polymer emulsions
$25M Late Stage PE Jun 2011 284 1985
16 Bogmallo
Manufacturer of premium cotton and cotton blend shirting fabrics
$1.5M $15.1M
as of 2023
Seed Angel Feb 2023 2019
17 Privi
Manufacturer of aroma and fragrance chemicals
$18.6M Acquired Series B Mar 2011 695 1992
18 Mandhana Industries
Manufacturer of yarns & fabrics
$11.9M Deadpooled Post IPO Dec 2016 1984
19 Axiom Cordages
Manufacturer of synthetic fiber ropes and cordages
$15.2M Early Stage Unattributed Aug 2013 1999
20 Indofil
Manufacturer of agrochemicals and specialty products
$12.5M $15.2M
as of 2009
Early Stage Unattributed Jan 2009 991 1962
21 Columbia Petro Chem
Manufacturer of petrochemicals and paraffin oils
$7.5M Funding Raised Conventional Debt Jun 2014 1995
22 RMG Alloy Steel
Manufacturer of alloy steel, stainless steel, seamless tubes, and pipes
$1.9M Funding Raised Conventional Debt 2010 1996
23 Viswaat Chemicals
Manufacturer of specialty chemicals, sanitizers, and surfactants
$926.8K $4.5M
as of 2014
Early Stage Unattributed Mar 2014 190 1998
24 AbhiTech
Provider of oil refinery, fuel exploring, and other services
$527.1K $1.1M
as of 2009
Early Stage Unattributed Mar 2009 30 1997
25 Witmans
Manufacturer specializing in production of performance lubricants, plasticizers, and specialty coatings for various industries
$191.6K $2.9M
as of 2012
Early Stage Unattributed Apr 2012 176 1989
26 United Rubber Industries
Manufacturer and supplier of rubber products
$167.6K $2.6M
as of 2007
Early Stage Mar 2007 750 1976
27 Chemicone
Manufacturer of textile auxiliaries and specialty chemicals
$117.4K Seed Mar 2008 1979
28 Vipul Organics
Manufacturer of reactive dyes, fast colour bases, salts and dyes intermideates
Public Post IPO Oct 2025 85 1968 ↑ Active
29 Fineotex Chemical
Manufacturer of chemicals for textiles, construction, water-treatment, fertilizer, leather, and paint industry
Public Post IPO Jul 2024 97 1979 ↑ Active
30 MTC Group
Trader and manufacturer of metals and other products
Funding Raised Unattributed Jun 2024 228 1974 ↑ Active
31 Camlin Fine Sciences
Manufacturer of chemicals catering to food industry
Public Post IPO Feb 2022 654 1931
32 Beekaylon
Manufacturer of dope dyed polyester filament yarns for textile applications
Funding Raised Conventional Debt Nov 2021 847 1979
33 Dr. Nanoxa
Manufacturer of antimicrobial coating which provides bio-security from bacteria, viruses and germs
Seed Seed Nov 2020 2020
34 DCW
Provider of PVC resin, caustic soda, and liquid chlorine
Public Conventional Debt Aug 2019 4 1939
35 Carboline India
Provider of coatings, linings, and fireproofing products
Funding Raised Grant (prize money) Mar 2018 543 1947
36 Hindalco
Manufacturer of aluminium
Public Post IPO Mar 2017 49,909 1958
37 Sarla Performance Fibers
Manufacturer and supplier of polyester and nylon products
Public Post IPO Oct 2014 335 1993
38 Rossari Biotech
Manufacturer of textile and specialty chemicals for diverse industries and animal health nutrition products
Public Grant (prize money) 2012 563 1997
39 Quality Group
Manufacturer of industrial wax and polymer additives
Late Stage PE Jul 2011 84 1984
40 A B Enterprises
Manufacturer & distributor of speciality chemicals
Unfunded 1984
41 A D Steels
Manufacturer of stainless steel bottles and teacups
Unfunded 2013
42 a.t.e. enterprises pvt. ltd
A.T.E. Enterprises produce and promote technologies that make business more efficient and responsible. They provide world-class textile engineering solutions.
2,500 1939
43 Aarti Surfactants
Manufacturer of ionic and non-ionic surfactants
Public 202 2019
44 Aayush Tex Dye
Textile processing house offering fabric dyeing and finishing services
Unfunded 42 2003
45 ABBrothers
Provider of additives, insulation, and polymer products
Unfunded 1976
46 ABC Chemical Group
Distributor of specialty chemicals and raw materials for various industries
Unfunded 1984
47 Abhay Steels
E-distributor offering steel material for enterprise
Unfunded 1983
48 Abn Impex
Distributor of silicone rubber & EPDM rubber
Unfunded 28 2006
49 Accord Chemical
Accord chemical corporation is a trading and distribution company engaged in the import and export of chemicals
Unfunded 2009
50 ACPL
Manufacturing pigments for various applications since 1979.
Unfunded 1993

Top 12 Chemicals and Materials companies in Mumbai

#1
Distil Series A
$3.1M Raised
expand_more
location_onMumbai, Maharashtra
Founded
2023
Funding raised
$3.1M
Valuation
$8M · 2024
Stage
Series A

Manufacturer of specialty chemicals. It provides a broad spectrum of specialty chemical solutions encompassing research, formulation, manufacturing, customization, and distribution. Its platform is designed to help customers, mainly manufacturers across verticals, like aroma and food, beauty and personal care, pharmaceuticals, coatings, masterbatches, and compounds.

Funding rounds (2 disclosed of 2)
Round Date Amount
Series A Sep 2025 $7.7M
Seed Mar 2024 $3.1M
#2
JSW Cement Unicorn Public
$193.3M Raised
expand_more
location_onMumbai, Maharashtra
Founded
2009
Employees
1,388
Funding raised
$193.3M
Valuation
$1.1B · 2021
Stage
Public

Manufacturer of cement, cementitious materials, aggregates, additives, and ready-mix concrete. The company provides building solutions for various construction needs. Its offerings include different types of cement, such as Portland slag cement and ordinary Portland cement, along with construction chemicals like tile adhesive and waterproofing solutions. It also supplies ground granulated blast furnace slag and scree

Funding rounds (3 disclosed of 3)
Round Date Amount
Conventional Debt Jun 2023 $50M
Conventional Debt Oct 2022 $50.1M
Series D Jul 2021 $193.3M
Tech stack
apache http serverbootstrapcdnjscloudflarecore-jsfacebook pixel+13
#3
Inventys Series A
$64.3M Raised
expand_more
location_onMumbai, Maharashtra
Founded
2005
Employees
197
Funding raised
$64.3M
Valuation
$249.3M · 2022
Stage
Series A

Custom based manufacturer of actives, crop protection, advanced intermediates, and specialty chemicals. The company provides custom synthesis, contract development, and manufacturing services, delivering high-quality solutions tailored to client needs. It provides primarily advanced intermediates and registered starting materials for pharma, fine chemicals, and the electronics industry.

Funding rounds (3 disclosed of 3)
Round Date Amount
Series A Apr 2022 $29.5M
Seed Dec 2008 $247.7K
Seed Dec 2007 $482.7K
Tech stack
wordpressmysqlphpbootstrapredux frameworkpopup maker+14
#4
Laxmi Public
$9.9M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1992
Employees
954
Funding raised
$9.9M
Valuation
$92.8M · 2012
Stage
Public

Manufacturer of diversified chemicals

Funding rounds (3 disclosed of 3)
Round Date Amount
Post IPO Oct 2023 $31.1M
Unattributed Mar 2012 $9.1M
Angel Oct 2009 $798.2K
Tech stack
azurebootstrapgoogle analyticsjquerymicrosoft asp.netslider revolution
#5
JBF Industries Late Stage
$150M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1982
Employees
347
Funding raised
$150M
Stage
Late Stage

Manufacturer of polyester yarn. The company manufactures partially oriented yarn, polyester film, and different types of polyester chips such as bottle grade, film grade, and textile grade polyester chips.

Funding rounds (1 disclosed of 1)
Round Date Amount
PE Aug 2015 $150M
Founders & key people
#6
$39.7M Raised
expand_more
location_onMumbai, Maharashtra
Founded
2005
Employees
18
Funding raised
$39.7M
Valuation
$71.7M · 2021
Stage
Acquired

Manufacturer of polyester chips and yarns. Its offerings include twisting, fancy, air tex, poy, texturing, fully drawn, and specialty products.

Tech stack
godaddygodaddy domain parkinghstsnext.jsnext.js app routernginx+9
#7
Excel Crop Care Late Stage
$93.1M Raised
expand_more
location_onMumbai, Maharashtra
Founded
2003
Employees
204
Funding raised
$93.1M
Stage
Late Stage

Online slot gaming platform with diverse casino games and jackpot opportunities. This platform provides a wide array of online slot games, live casino experiences, toto options, sports betting, crash games, arcade selections, poker, e-sports, and even cockfighting. It emphasizes user accessibility with features like easy login, registration, and password recovery. The platform supports multiple languages and offers a

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Jun 2016 $93.1M
#8
Anthea Funding Raised
$28.8M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1991
Employees
88
Funding raised
$28.8M
Valuation
$73.4M · 2019
Stage
Funding Raised

Manufacturer of specialty chemicals for flavour, fragrance, pharmaceutical, and agro industries. The company focuses on green and sustainable manufacturing processes. It develops pharmaceutical intermediates to serve the API industry’s growing needs. The company also produces a synergist used in insect and crop protection applications. It continually modifies processes to reduce waste and improve efficiencies.

#9
Keva Public
$44M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1922
Employees
557
Funding raised
$44M
Stage
Public

Manufacturer of flavours and fragrances. Its aroma ingredients for a wide range of industries, including personal care, home care, food, beverages, and pharmaceuticals. The company’s offerings include fragrances for personal and fabric care, fine fragrances, household products, and specialized flavours for food, dairy, tea, beverages, and pharmaceuticals.

Founders & key people
Tech stack
anime.jsaoscore-jselementorgodaddygoogle font api+14
#10
Eternis Series B
$12.3M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1988
Employees
513
Funding raised
$12.3M
Valuation
$108.2M · 2021
Stage
Series B

Manufacturer of aroma chemicals and esters. Their core products used in the perfumery and flavor industry to create fragrances and flavors. It offers a range of fragrance solutions for various industries, including personal care, home care, detergents, and industrial applications. Its aroma chemicals produced by fine chemicals include coumarin, benzyl salicylate, styrallyl acetate, cyclamen aldehyde, hexyl cinnamic a

Funding rounds (3 disclosed of 3)
Round Date Amount
Series B Jan 2021 $8.2M
Series A Mar 2008 $1.5M
Series A Sep 2006 $2.6M
Tech stack
amazon sesamazon web servicesapache http serverapple icloud mailbootstrapdrupal+9
#11
$37.5M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1989
Employees
4
Funding raised
$37.5M
Stage
Public

Everlon manufactures polyester texturized yarn. It is used in producing synthetic fabric including suitings, shirtings, sarees, dress materials & knitted fabrics. It has its manufacturing unit at Silvassa (Union Territory of Dadra & Nagar Haveli) and owns 4 draw texturizing machines of 312 spindles each.

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO $37.5M
#12
$10.6M Raised
expand_more
location_onMumbai, Maharashtra
Founded
1984
Employees
6,655
Funding raised
$10.6M
Stage
Public

Manufacturer of specialty chemicals, pharmaceutical products, and surfactants. Its pharma division focuses on API intermediates and their custom synthesis, contract research services, and manufacturing facilities for steroids & oncology drugs. The surfactants division primarily caters to personal care industrial, agro, and home care industries. Their chemicals are further used for the manufacture of APIs, agrochemica

Funding rounds (1 disclosed of 3)
Round Date Amount
Post IPO Jul 2021 Undisclosed
Post IPO May 2021 Undisclosed
Post IPO 2019 $10.6M
Founders & key people
Tech stack
amazon web servicesangularanimate.cssbootstrapcdnjschart.js+14

Recent signals in Mumbai Chemicals and Materials

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Funding & investor landscape

Total raised
$814.9M
across these companies
Companies funded
27
with disclosed funding
Highest-funded
$193.3M raised

Most active investors

BIRAC BIRAC 5 investments in Chemicals and Materials Europa Europa 2 investments in Chemicals and Materials ICICI Venture ICICI Venture 2 investments in Chemicals and Materials IDBI Bank IDBI Bank 2 investments in Chemicals and Materials SBI SBI 2 investments in Chemicals and Materials 360 One 360 One 1 investment in Chemicals and Materials A-One Dyes And Chemicals A-One Dyes And Chemicals 1 investment in Chemicals and Materials AH AP Asia Opportunistic Holdings 1 investment in Chemicals and Materials AI APMS Investment 1 investment in Chemicals and Materials Absolute Leasing And Finvest Absolute Leasing And Finvest 1 investment in Chemicals and Materials Analah Ventures Analah Ventures 1 investment in Chemicals and Materials Angel One Angel One 1 investment in Chemicals and Materials

Notable founders in Mumbai Chemicals and Materials

AA Atanuu Agarrwal Co-Founder & CEO Distil · $3.1M raised
Viraj Shah Viraj Shah Co-Founder Distil · $3.1M raised
NN Nilesh Narwekar CEO JSW Cement · $193.3M raised
RS Raghavan Srinivasan Co-Founder & Director Inventys · $64.3M raised
DB Deepak Birewar Founder & Chairman & Managing Director Inventys · $64.3M raised
RV Rajan Venkatesh CEO and Managing Director Laxmi · $9.9M raised
BA Bhagirath Arya Founder JBF Industries · $150M raised
MA Mahabir Agarwalla Senior President & Ceo Shubhalakshmi Polyesters · $39.7M raised
KV Kedar Vaze CEO Keva · $44M raised
CG Chandrakant Gogri Founder Aarti Industries · $10.6M raised
TB Trivik Bhavnani Co-Founder Calibre Chemicals · $6.1M raised

Frequently asked questions

How many Chemicals and Materials companies are there in Mumbai, India?
Radar tracks 712 indexable Chemicals and Materials companies headquartered in Mumbai, India, India, that meet our profile-completeness bar.
What is the total funding raised by Chemicals and Materials companies in Mumbai, India?
The Chemicals and Materials companies in Mumbai, India on this list have raised a combined $814.9M in disclosed equity funding across 27 funded companies.
Which is the highest-funded Chemicals and Materials company in Mumbai, India?
JSW Cement is the highest-funded Chemicals and Materials company in Mumbai, India, with $193.3M in disclosed equity funding.
How many Chemicals and Materials companies in Mumbai, India are funded?
27 of the 712 Chemicals and Materials companies in Mumbai, India on this list have disclosed at least one equity funding round.
How many Chemicals and Materials unicorns are there in Mumbai, India?
1 Chemicals and Materials company in Mumbai, India on this list is valued at $1B or more.
Who are the top investors in Mumbai, India Chemicals and Materials companies?
The most active investors in Mumbai, India Chemicals and Materials companies on this list include BIRAC, Europa, ICICI Venture, IDBI Bank, SBI.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-17.

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