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The Vadodara edition · 2026

Chemicals and materialscompanies in Vadodara

Chemical manufacturers, chemical distributors, polymers & plastics, paints, dyes & inks, metals & minerals and more: the companies building chemicals and materials in Vadodara, Gujarat, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
171 company profiles77 with reported revenue2 with recorded fundingOctober 2026 edition
Vadodara · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent chemicals and materials business events in India

Funding, M&A, contract wins and launches involving 7,595 chemicals and materials companies in India, last 24 months: 213 Contracts · 210 M&A deals · 47 funding rounds · 23 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Terminated

Nippon paint acquires AkzoNobel

Nippon Paint and Sherwin-Williams have terminated their efforts to jointly acquire the competing paint manufacturer AkzoNobel

Paint manufacturer
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
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
M&AAcquisition · Rumored

Mohamed Alabbar acquires Iffco

Alabbar told Bloomberg he had sent letters to IFFCO's board members and lending banks expressing interest in acquiring the whole business

Food and consumer goods manufacturing
ContractSupply

Innomet Advanced Materials · client: Na

Innomet Advanced Materials Limited has officially secured a new international purchase order valued at USD 222,290.

Advanced metallurgy
ContractSupply

Innomet Advanced Materials · client: Federal-Mogul Goetze (India)

On June 1, 2026, the company successfully finalized a domestic contract valued at over ₹88.99 lakh (approximately USD 107,000) with Federal-Mogul Goetze (India) Limited to supply…

Metallurgy
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
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
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 · Terminated

Nippon paint acquires Akzo nobel

Akzo Nobel has rejected a non-binding but conditioned cash offer from Nippon Paint, thus prioritizing the planned merger with Axalta. The stock jumped on the stock market by 16.81…

Paint
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

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&AAcquisition · Rumored

Grasim industries acquires Crompton Greaves Consumer

the Aditya Birla Group could look at acquiring a majority stake in Crompton Consumer through Grasim Industries, the flagship company of the group.

Consumer Appliances
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

Crystal crop protection acquires FMC India Private Limited

Crystal Crop Protection Limited has acquired 100% shareholding of FMC India Private Limited from FMC and its group entities for approximately ₹2,268 crore.

Crop Protection
M&AAcquisition · Completed

Graphite india acquires Graftech international

Graphite India has acquired additional stake in GrafTech International, a NYSE Listed Company (Graftech). The company has acquired 2.97% shares of Graftech for a consideration of Rs…

Graphite electrode manufacturing
M&AAcquisition · Announced

Avi polymers acquires JVTR Consultants

Avi Polymers on Thursday said its board has approved the acquisition of a 90 per cent stake in JVTR Consultants through a share swap arrangement at an indicative valuation of Rs 500 crore.

Information technology services
ContractService

BGN Group · client: Kss line

The charters with BGN Group run for seven years and are valued at around KRW514.3bn ($350m) in total.

Shipping
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
ContractInfrastructure

Praxair india · client: Deepak Chem Tech Limited

Deepak Chem Tech Limited (DCTL) ... entered into a long‑term agreement with Praxair India ... to establish a hydrogen and carbon monoxide (HyCO) plant.

Chemical
M&AAcquisition · Announced

Promoter group of AVI Polymers acquires Avi polymers

The promoter group of AVI Polymers plans to acquire up to 5 per cent of the company's total paid-up equity share capital through open market transactions.

Polymers
ContractSupply

Tanfac industries · client: Blue star

Tanfac Industries Limited has entered into a long‑term supply agreement with Blue Star Limited for the supply of key fluorinated products, marking a strategic step in strengthening its…

Specialty Chemicals
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
LaunchZinc Galvanization Information Hub

Hindustan zinc

As part of the campaign, the company has introduced a dedicated Zinc Galvanization Information Hub on its website.

Information Hub
M&AAcquisition · Announced

Zeochem acquires Swambe chemicals

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

Chromatography gels
LaunchJindal Infinity

Jindal stainless

Jindal Stainless Limited has introduced its stainless steel rebars, branded ‘Jindal Infinity’, in the retail segment with an initial launch in Punjab.

Stainless steel rebars
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

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

ContractInfrastructure

Refex industries · client: National Highways Authority of India

Refex Industries Limited has secured a significant contract valued at approximately ₹32.45 crore, including GST, for the transportation of pond ash to NHAI PWD road construction sites.

Infrastructure

Chemicals and materials companies in Vadodara, by revenue

Browse chemicals and materials companies in Vadodara 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 77 chemicals and materials companies in Vadodara, 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

Producer of caustic soda

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

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
230LinkedIn · Oct 2026
4 yr2022
0none in 3 months

Manufacturer of sulfonation, hydrogenation, ethoxylation, and ammonolysis

Diversified chemicals
₹2,338.77 crFY 2021-22
Not reported
675-2% 12 mo to Feb 2024LinkedIn · Oct 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
1,030LinkedIn · Oct 2026
45 yr1981
0none in 3 months · last posted Jun 2026

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

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
288LinkedIn · Oct 2026
24 yr2002
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
216LinkedIn · Oct 2026
18 yr2008
0none in 3 months · last posted Feb 2026

Manufacturer of industrial minerals, chemicals, and additives

Minerals
₹918.18 crFY 2024-25
+17%2024–2025
1,771+8% 12 mo to Aug 2024LinkedIn · Oct 2026
39 yr1987
0none in 3 months · last posted Jun 2026

Manufacturer and supplier of acid chlorides, alkyl amino halides, pharma intermediates, and specialty chemicals

Diversified chemicals
₹873.45 crFY 2024-25
+11%2024–2025
399LinkedIn · Oct 2026
27 yr1999
0none in 3 months

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

Chemical distributors
₹573.72 crFY 2024-25
+16%2024–2025
104LinkedIn · Jul 2026
32 yr1994
0none in 3 months · last posted Jun 2026

Palvi Industries Limited: Top Industrial Chemical Manufacturer specializing in Molybdenum Chemistry Solutions.

Diversified chemicals
₹543.65 crFY 2024-25
+43%2024–2025
90-10% 12 mo to Sep 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Leading marketing and distribution company for bulk, specialty, and performance chemicals

Chemical distributors
₹474.49 crFY 2022-23
Not reported
—Not available
32 yr1994
—No postings tracked

Provider of specialty chemicals

Diversified chemicals
₹407.81 crFY 2024-25
+6%2024–2025
783-8% 12 mo to Jun 2024recorded Jun 2024
29 yr1997
0none in 3 months

Manufacturer of chemicals

Diversified chemicals
₹306.35 crFY 2021-22
Not reported
—Not available
53 yr1973
—No postings tracked

Manufacturer of epoxy hardeners and specialty resins

Paints and coatings
₹263.70 crFY 2024-25
Not reported
67LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Manufacturer of dyes & pigment intermediates

Dyes pigments and inks
₹229.21 crFY 2021-22
Not reported
134-6% 12 mo to Sep 2024recorded Sep 2024
23 yr2003
—No postings tracked

Manufacturer of fiber reinforced polymer pultrusion products and composite fencing systems

Composites
₹248.22 crFY 2024-25
Not reported
55LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Manufacturer of digital inkjet inks

Dyes pigments and inks
₹246.85 crFY 2024-25
Not reported
32+2% 12 mo to Sep 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Manufacturer and trader of organic chemicals, industrial thinners, and petroleum products

Petrochemicals
₹225.63 crFY 2024-25
+44%2024–2025
4+6% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Manufacturer of pharmaceutical and oilfield chemicals

Diversified chemicals
₹221.69 crFY 2024-25
-21%2024–2025
111-3% 12 mo to Jul 2024LinkedIn · Oct 2026
38 yr1988
0none in 3 months

Producer of phenol and its derivatives for preservative purposes

Chemical preservatives
₹192.61 crFY 2021-22
Not reported
76+0% 12 mo to Sep 2024recorded Sep 2024
25 yr2001
0none in 3 months

Provider of chemical products and solutions since 1985, specializing in Trichloroacetyl Chloride and Pivaloyl Chloride.

Diversified chemicals
₹205.76 crFY 2024-25
+10%2024–2025
50LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Provider of corrosion protection, passive fireproofing and industrial coating services

Paints and coatings
₹202.17 crFY 2024-25
+76%2024–2025
85LinkedIn · Jul 2026
44 yr1982
0none in 3 months

Manufacturer and marketer of ceramic frits, glazes, and compounds

Diversified materials
₹199.03 crFY 2024-25
+3%2024–2025
—Not available
30 yr1996
0none in 3 months

Manufacturer of industrial resins, including saturated polyester, melamine, and acrylic

Diversified chemicals
₹170.55 crFY 2021-22
Not reported
128-4% 12 mo to Sep 2024recorded Sep 2024
21 yr2005
0none in 3 months
50 of 171 companies shown here · the full list is on Radar
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Explore chemicals and materials companies in Vadodara by what you are looking for

Browse top chemicals and materials companies in Vadodara, from specialty chemical manufacturers to polymers, dyes and metals. Find chemical distributors, coatings makers and materials suppliers in Vadodara.

9 ways to explore chemicals and materials in Vadodara

Specialty & industrial chemical manufacturersChemical distributors & suppliersPolymers, plastics & compositesPaints, coatings, dyes & pigmentsMetals, alloys & minerals companiesPetrochemical & agrochemical companies

Specialty & industrial chemical manufacturers

Manufacturers of specialty, inorganic and industrial chemicals.

  1. GACL

    Producer of caustic soda

    Inorganic chemicals
    See in list
  2. Kutch Chemical Industries

    Manufacturer of sulfonation, hydrogenation, ethoxylation, and ammonolysis

    Diversified chemicals
    See in list
  3. Silox India

    Manufacturer of chemical intermediaries

    Inorganic chemicals
    See in list
  4. Lonsen Kiri Chemical Industries

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

    Dyes pigments and inks
    See in list
  5. Shiva Pharmachem

    Manufacturer and supplier of acid chlorides, alkyl amino halides, pharma intermediates, and specialty chemicals

    Diversified chemicals
    See in list
62 companies in VadodaraAll 42 diversified chemicals companies in Vadodara →

Chemical distributors & suppliers

Distributors and suppliers of bulk and specialty chemicals and additives.

  1. PRAKASH CHEMICALS PVT LTD

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

    Chemical distributors
    See in list
  2. Trans-Pacific Corporation Pvt

    Chemical supplier with products like caustic soda and glacial acetic acid

    Chemical distributors
    Website
  3. Tjikko

    Supplier of bitumen torch on membranes and other bitumen-based products

    Materials distributors
    Website
  4. INEOS Styrolution India

    Supplier of acrylonitrile, butadiene, plastic resin, ABS plastic, and other chemicals

    Chemical distributors
    Website
  5. Vulcanis

    Distributor of copper, blister, alloy, metals, and minerals

    Materials distributors
    Website
16 companies in VadodaraAll 159 chemical distributors companies in India →

Polymers, plastics & composites

Makers of polymers, compounds, films, foams and composite materials.

  1. Agni Fiber Boards Pvt Ltd

    Manufacturer of fiber reinforced polymer pultrusion products and composite fencing systems

    Composites
    See in list
  2. Axel Polymers

    Manufacturer & supplier of polymers

    Polymers
    See in list
  3. Safeco Hygiene Films

    Manufacturer of PE films for various applications

    Manufacturing services
    See in list
  4. Polyfill

    Manufacturer of specialty filled compounds for plastic applications

    Polymers
    See in list
  5. PI Polyblendz

    Company specializing in engineered plastic manufacturing services

    Polymers
    Website
17 companies in VadodaraAll 374 polymers companies in India →

Paints, coatings, dyes & pigments

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

  1. Philoden Industries

    Manufacturer of dyes & pigment intermediates

    Dyes pigments and inks
    See in list
  2. AT Inks

    Manufacturer of digital inkjet inks

    Dyes pigments and inks
    See in list
  3. Heeru Group

    Provider of corrosion protection, passive fireproofing and industrial coating services

    Paints and coatings
    See in list
  4. Perfect Colourants and Plastics

    Company offering masterbatches for enhancing products

    Dyes pigments and inks
    See in list
  5. Mroinfra

    Manufacturer of MRO chemicals, industrial repairs, lubricants, cleaning solutions, and coatings

    Diversified chemicals
    Website
18 companies in VadodaraAll 184 paints and coatings companies in India →

Metals, alloys & minerals companies

Suppliers of metals, alloys, galvanizing services and industrial minerals.

  1. Hevins

    Provider of integrated mechanical contracting services for steel structures

    Metals and alloys
    Website
  2. Mountain Minerals & Microns

    Mountain Minerals and Microns Ltd - Mining, Micronization and Mineral Fillers - Exporter and Manufacturer of Calcite, Dolomite, Chinaclay, Talc, Silica, Barytes, Chalk, Mica, Red Oxide, Sand

    Minerals
    Website
  3. Tanya Galvanizers

    Provider of hot-dip galvanizing, metal coatings, and coil coating solutions for critical infrastructure protection

    Manufacturing services
    Website
  4. Hydromet Technology Solutions

    Provider of hydrometallurgy pilot plants for separation and purification, with a focus on weather and climate services

    Minerals
    Website
  5. Super Electro Processors

    Manufacturer of cable trays, galvanizing services, and earthing strips

    Metals and alloys
    Website
17 companies in VadodaraAll 555 metals and alloys companies in India →

Petrochemical & agrochemical companies

Petrochemical, solvent, agrochemical and fertilizer producers.

  1. AOPL

    Industrial & Medical Gas Manufacturer & Supplier in Gujarat | Aims Oxygen Pvt Ltd (AOPL) Aims Oxygen Private Limited (AOPL) One Stop Gas Management Solution Company Medical Oxygen, Argon, CO2, Nitrogen, Cylinder Valves, Industrial & Medical Cylinders,Telemetry Devices, Concentrator, Liquid Oxygen, Argon & Nitrogen

    Industrial gases
    Website
  2. M P Agro industries

    Provider of manufacturing, packing, distributing and buying of chemical fertilizers services

    Materials distributors
    Website
  3. Deepak Novochem Technologies

    Company specializing in pharma and agro chemicals

    Agrochemicals
    Website
  4. Amiyodaya

    Manufacturer and trader of organic chemicals, industrial thinners, and petroleum products

    Petrochemicals
    See in list
  5. Standard Pesticides

    Manufacturers of agrochemicals

    Agrochemicals
    See in list
14 companies in Vadodara

Listed chemicals and materials companies in Vadodara

Publicly listed chemicals and materials companies in Vadodara.

  1. GACL

    Producer of caustic soda

    Inorganic chemicals
    See in list
  2. 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
  3. 20 Microns

    Manufacturer of industrial minerals, chemicals, and additives

    Minerals
    See in list
  4. CSCL

    Manufacturer of pharmaceutical and oilfield chemicals

    Diversified chemicals
    See in list
  5. Axtel

    Manufacturer of grinding devices for healthcare sector

    Chemical equipment manufacturers
    See in list
15 companies in Vadodara

Chemicals and materials startups in Vadodara

Newer chemicals and materials companies founded in recent years.

  1. Adroit

    Manufacturer of pharmaceutical-grade nicotine, derivatives, chemically synthesized APIs, and specialty chemicals

    Diversified chemicals
    See in list
  2. PolyProtic

    Specialty chemicals company offering R&D, manufacturing, and export services

    Diversified chemicals
    Website
  3. PRAZASTINAV Compositech

    Manufacturer of composite and advanced composite products

    Composites
    Website
  4. Alchemi

    International trading firm specializing in chemical and allied products

    Chemical equipment manufacturers
    Website
  5. Vulcanis

    Distributor of copper, blister, alloy, metals, and minerals

    Materials distributors
    Website
22 companies in Vadodara

Chemicals and materials companies hiring in Vadodara

Vadodara chemicals companies with open roles.

  1. Rubamin

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

    Waste & water management
    See in list
  2. Lonsen Kiri Chemical Industries

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

    Dyes pigments and inks
    See in list
  3. 20 Microns

    Manufacturer of industrial minerals, chemicals, and additives

    Minerals
    See in list
  4. Avid Organics

    Chemical manufacturing company focused on developing sustainable solutions for various industries

    Diversified chemicals
    See in list
  5. Neoseal

    Manufacturer of PVC, CPVC, and UPVC solvent cement

    Construction chemicals
    See in list
7 companies in Vadodara
The business behind the activity

Chemicals and materials financials in Vadodara

Revenue, profit and growth from the filed annual accounts of 74 chemicals and materials companies in Vadodara, Gujarat for FY24-25 — 81 of the 171 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 54% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹23,351.54 cr

74 companies filing accounts

combined net profit₹1,682.55 cr

7.2% aggregate margin

are profitable88%

65 of 74 companies

median revenue~₹80.1 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five54%

revenue concentration

Six-year view

Combined revenue of filing companies

₹13,061.87 crFY19-2072 filers
₹13,244.65 crFY20-2173 filers
₹18,895.03 crFY21-2272 filers
₹21,615.43 crFY22-2373 filers
₹19,784.18 crFY23-2474 filers
₹23,351.54 crFY24-2574 filers

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

Like-for-like

The same 70 companies over three years

+7%
FY22-23₹21,601.02 cr₹2,169.43 cr net
FY23-24₹19,550.71 cr₹1,106.56 cr net
FY24-25₹23,081.02 cr₹1,725.01 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 cr1100% profitable
₹1–10 cr757% profitable
₹10–100 cr3284% profitable
₹100–1,000 cr2896% profitable
Over ₹1,000 cr6100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking24
0–20%22
20–50%20
50–100%4
Doubled+2

72 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

65profitable
9loss-making
7.2%aggregate margin
3.9%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
Gloria InterchemGLORIA INTERCHEM PRIVATE LIMITED+344%₹10.50 cr
AdroitADROIT NATURALS PRIVATE LIMITED
Shimmer ChemicalsSHIMMER CHEMICALS PRIVATE LIMITED+67%₹42.66 cr
Chemical PartnersCPI CHEM PRIVATE LIMITED
Deepak Novochem TechnologiesDEEPAK NOVOCHEM TECHNOLOGIES LIMITED+54%₹505.80 cr
RatnaveerRATNAVEER PRECISION ENGINEERING LIMITED₹895.91 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CantonCANTON LABORATORIES PRIVATE LIMITED
Standard PesticidesSTANDARD PESTICIDES PRIVATE LIMITED
SHANPARSHANPAR INDUSTRIES PRIVATE LIMITED
KRONOX Lab SciencesKRONOX LAB SCIENCES LIMITED
Hari OrgochemHARI ORGOCHEM PVT LTD24.7%₹205.76 cr
Deepak Novochem TechnologiesDEEPAK NOVOCHEM TECHNOLOGIES LIMITED22.8%₹505.80 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Diversified chemicals26₹6,340.22 cr~₹89.0 cr85%7.0%
Dyes pigments and inks5₹1,677.28 cr~₹140.4 cr80%10.6%
Leaders

Largest chemicals and materials companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
GACLGUJARAT ALKALIES AND CHEMICALS LIMITED₹4,165.05 cr₹15.82 cr0.4%+7%
Kutch Chemical IndustriesKUTCH CHEMICAL INDUSTRIES LIMITED₹2,874.01 cr₹206.21 cr7.2%+44%
Styrenix Performance MaterialsSTYRENIX PERFORMANCE MATERIALS LIMITED₹2,755.16 cr₹232.17 cr8.4%+23%
RubaminRUBAMIN PRIVATE LIMITED₹1,753.06 cr₹365.34 cr20.8%+34%
Lonsen Kiri Chemical IndustriesLONSEN KIRI CHEMICAL INDUSTRIES LIMITED₹1,099.78 cr₹158.58 cr14.4%+33%
Prakash Chemicals International, Prakash Chemicals InternationalPRAKASH CHEMICALS INTERNATIONAL PRIVATE LIMITED₹1,020.91 cr₹19.49 cr1.9%+3%
RatnaveerRATNAVEER PRECISION ENGINEERING LIMITED₹895.91 cr
20 Microns20 MICRONS LIMITED₹804.09 cr₹56.36 cr7.0%+18%
Shiva PharmachemShiva Pharmachem Limited₹608.00 cr₹41.48 cr6.8%+11%
PRAKASH CHEMICALS PVT LTDPRAKASH CHEMICALS PRIVATE LIMITED₹573.72 cr₹13.80 cr2.4%+16%
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 Vadodara 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 Vadodara
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 Vadodara compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$14.84m

equity rounds, last 24 months8

US$81.54m

raised over five yearsUS$520.00m

37 rounds in India

M&A deals, India210

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 India

197Acquisition
13Merger

Most active acquirers

  1. Jsw paints18
  2. Jsw steel15
  3. Sudarshan chemical industries6
  4. Anupam Rasayan India5
  5. Maithan alloys5

Most acquired or merged

  1. Akzo Nobel India9
  2. Vinpai4
  3. AkzoNobel India4
  4. Clean science and technology3
  5. Bayer AG3

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

Founders and momentum in Vadodara

Meet the people behind chemicals and materials companies in Vadodara. 61 of 171 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Vadodara chemicals and materials companies by sub-sector

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