Company lists
The Mumbai edition · 2026

Chemicals and materialscompanies in Mumbai

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

1,411 company profiles554 with reported revenue9 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent chemicals and materials business events in Mumbai

Funding, M&A, contract wins and launches involving 1,494 chemicals and materials companies in Mumbai, last 24 months: 72 Contracts · 72 M&A deals · 11 funding rounds · 4 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
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 · 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&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).

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

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…

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…

M&AAcquisition · Completed

Solidarity Advisors acquires Yasho industries

Solidarity Advisors Private Limited has crossed the significant 5% shareholding threshold in Yasho Industries following a strategic open market acquisition completed on January 16, 2026.

Portfolio Management Services
FundingWarrant conversion

Fineotex chemical

Stock of THIS chemical company to be in focus after it raises Rs 14.52 crore through warrant conversion

Investors Intuitive Alpha Investment Fund PCC – Cell 1
Chemicals

Chemicals and materials companies in Mumbai, by revenue

Browse chemicals and materials companies in Mumbai 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 554 chemicals and materials companies in Mumbai, 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

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

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

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

Producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, and lubes

Diversified chemicals
₹2,194.83 crFY 2023-24
Not reported
268+1% 12 mo to Jul 2024LinkedIn · Jul 2026
56 yr1970
0none in 3 months

Manufacturer of phthalic anhydride

Diversified chemicals
₹2,231.84 crFY 2024-25
+5%2024–2025
1,750recorded
34 yr1992
0none in 3 months

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

Paints and coatings
₹2,165.45 crFY 2024-25
+6%2024–2025
1,428-5% 12 mo to Jun 2024LinkedIn · Jul 2026
29 yr1997
1postings · last posted Jul 2026

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

Textile yarn
₹2,084.30 crFY 2024-25
+13%2024–2025
322-5% 12 mo to Jun 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Manufacturer of polymer emulsions

Paints and coatings
₹1,990.49 crFY 2024-25
+19%2024–2025
310+14% 12 mo to Feb 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months
50 of 1,411 companies shown here · the full list is on Radar
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Explore all 1,411 chemicals and materials companies in Mumbai 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 Mumbai on Radar
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Explore chemicals and materials companies in Mumbai by what you are looking for

Mumbai's chemicals and materials companies range from diversified and specialty chemical manufacturers to metals and alloys producers. This directory groups chemicals and materials companies in Mumbai by what you are looking for, including polymers, paints and coatings, textiles and chemical distributors.

9 ways to explore chemicals and materials in Mumbai

Diversified & specialty chemical manufacturersMetals & alloys manufacturersPolymers & plastics companiesPaints, coatings, dyes & adhesivesTextile yarn & industrial fiber manufacturersChemical & materials distributors

Diversified & specialty chemical manufacturers

Manufacturers of diversified, specialty and agro chemicals.

  1. Aarti Industries

    Manufacturer of specialty chemicals, pharmaceutical products, and surfactants

    Diversified chemicals
    See in list
  2. Dorf Ketal

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

    Diversified chemicals
    See in list
  3. Gharda Chemicals

    Provider of dyestuffs, pesticides, veterinary drugs, and polymers

    Agrochemicals
    See in list
  4. Laxmi

    Manufacturer of diversified chemicals

    Diversified chemicals
    See in list
  5. Fine Organics

    Producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, and lubes

    Diversified chemicals
    See in list

Metals & alloys manufacturers

Manufacturers 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. Tirupati Commodities

    Provider of semi finished metal products

    Metals and alloys
    Website
  5. Minex

    Provider of alloying solutions to iron & steel, aluminum, welding industries

    Metals and alloys
    Website

Polymers & plastics companies

Manufacturers of polymers, plastic compounds and rubber products.

  1. Apcotex

    Manufacturer of synthetic rubber and latex products

    Polymers
    See in list
  2. SSF Plastics

    Manufacturer of rigid plastic packaging and engineering plastic components

    Polymers
    Website
  3. Plastiblends

    Manufacturer of colour, additive master batches and thermoplastic compounds

    Polymers
    Website
  4. Goldstab Organics

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

    Polymer additives
    Website
  5. AVH Polychem

    Supplier of plastic raw materials

    Polymers
    Website

Paints, coatings, dyes & adhesives

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

  1. Ram Ratna

    Manufacturer of wire and cable for electrical and copper industry

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

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

    Paints and coatings
    See in list
  3. Visen Industries

    Manufacturer of polymer emulsions

    Paints and coatings
    See in list
  4. Jesons

    Manufacturer & supplier of acrylic emulsions

    Adhesives and sealants
    See in list
  5. M Pallonji

    Manufacturer of paint & coating products

    Paints and coatings
    Website

Textile yarn & industrial fiber manufacturers

Manufacturers of textile yarns, fabrics and industrial fibers.

  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. AYM Syntex

    Offers yarn manufacturing services

    Textile yarn
    See in list
  5. Pee Vee Textiles

    Manufacturer of textiles

    Textile yarn
    See in list

Chemical & materials distributors

Distributors and traders of chemicals, petrochemicals and other industrial 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. Nandan Petrochem

    Manufacturer and supplier of genuine oils, greases, and specialty engine oils for bikes and two-wheelers

    Petrochemicals
    Website
  5. CJ Shah

    Distributor of chemicals

    Chemical distributors
    Website

Chemicals and materials startups in Mumbai

Newer chemicals and materials companies founded within the last five 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. Fengyuan India

    Manufacturer and supplier of high-quality fluorine and phosphate chemicals

    Diversified chemicals
    Website
  4. Jeevan Ecotex

    Manufacturer of textile, fabrics, tubes, and other diversified materials

    Diversified materials
    Website
  5. Pharvinex

    Manufacturer of specialty organic chemicals and active pharmaceutical ingredients

    Chemical services
    Website
61 companies in Mumbai

Chemicals and materials companies hiring in Mumbai

Chemicals and materials companies in Mumbai that are actively hiring.

  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
27 companies in Mumbai

Publicly listed chemicals and materials companies in Mumbai

Publicly traded chemicals and materials companies based in Mumbai.

  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. Aarti Industries

    Manufacturer of specialty chemicals, pharmaceutical products, and surfactants

    Diversified chemicals
    See in list
  4. Supreme Petrochem

    Manufacturer of polystyrene, expandable polystyrene, and ABS compounds

    Polymers
    See in list
  5. Time Technoplast

    Manufacturer of packaging products

    Polymers
    See in list
110 companies in Mumbai
Mobile reach

Top 10 chemicals and materials apps from Mumbai

The most-installed Android apps published by chemicals and materials companies headquartered in Mumbai — 637K installs between them. 21 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
6

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
The business behind the activity

Chemicals and materials financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 489 chemicals and materials companies in Mumbai, Maharashtra for FY24-25 — 551 of the 1,411 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 64% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹389,200.97 cr

489 companies filing accounts

combined net profit₹21,307.01 cr

5.5% aggregate margin

are profitable87%

424 of 489 companies

median revenue~₹83.1 cr

the typical company

median revenue growth+6%

into FY24-25

earned by the top five64%

revenue concentration

Six-year view

Combined revenue of filing companies

₹159,806.86 crFY19-20461 filers
₹166,436.59 crFY20-21472 filers
₹265,709.18 crFY21-22487 filers
₹297,804.99 crFY22-23502 filers
₹383,338.64 crFY23-24516 filers
₹389,200.97 crFY24-25489 filers

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

Like-for-like

The same 456 companies over three years

+1%
FY22-23₹283,997.31 cr₹12,475.42 cr net
FY23-24₹281,101.60 cr₹16,439.24 cr net
FY24-25₹287,364.16 cr₹14,469.52 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 cr1839% profitable
₹1–10 cr5670% profitable
₹10–100 cr19388% profitable
₹100–1,000 cr18394% profitable
Over ₹1,000 cr3995% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking160
0–20%210
20–50%80
50–100%17
Doubled+15

482 companies with accounts for both years; median growth +6%.

Profitability

Profit is concentrated at the top

424profitable
65loss-making
5.5%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
Vama WovenfabVAMA WOVENFAB LIMITED+179%
Sanghi OxygenSANGHI OXYGEN (BOMBAY) PVT LTD+170%₹24.99 cr
KalapurnaKALAPURNA STEEL AND ENGG. PRIVATE LIMITED+138%
Sheetal ChemicalsSHEETAL CHEMICALS PRIVATE LIMITED+119%₹20.73 cr
dmclimited.comDMC PRIVATE LIMITED+115%₹22.36 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
Anmol ChemicalsANMOL CHEMICALS PRIVATE LIMITED30.4%₹76.94 cr
Paras IntermediatesPARAS INTERMEDIATES PRIVATE LIMITED29.3%₹82.69 cr
Caltron ClaysCALTRON CLAYS AND CHEMICALS PRIVATE LIMITED27.7%
NovapheneNOVAPHENE SPECIALITIES PRIVATE LIMITED₹116.99 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Metals and alloys22₹234,107.90 cr~₹135.1 cr91%5.5%
Diversified chemicals127₹42,185.16 cr~₹79.1 cr83%7.9%
Textile yarn37₹26,999.61 cr~₹85.4 cr78%4.4%
Polymers50₹19,535.13 cr~₹96.3 cr92%5.3%
Chemical distributors38₹8,450.22 cr~₹154.1 cr92%2.9%
Dyes pigments and inks34₹8,073.50 cr~₹93.4 cr94%4.3%
Agrochemicals8₹7,390.75 cr~₹225.1 cr100%7.6%
Building materials5₹6,287.70 cr~₹28.3 cr100%1.9%
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%
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%
GandharGANDHAR OIL REFINERY (INDIA) LIMITED₹3,175.11 cr₹75.29 cr2.4%+11%
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 Mumbai 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 Mumbai
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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 Mumbai 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, Mumbai72

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 Mumbai

69Acquisition
3Merger

Most active acquirers

  1. Jsw paints18
  2. Jsw steel15
  3. Fineotex chemical5
  4. Hindalco industries5
  5. Camlin fine sciences4

Most acquired or merged

  1. Akzo Nobel India7
  2. Vinpai4
  3. AkzoNobel India4
  4. BPSL2
  5. Gandhar oil refinery2

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

Chemicals and materials funding in Mumbai

9 chemicals and materials companies in Mumbai have recorded equity funding, US$440.00m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind chemicals and materials companies in Mumbai. 355 of 1,411 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai chemicals and materials companies by sub-sector

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