Top Chemical Companies in India

India is the 6th Largest producer of Chemicals in the world and 4th largest in Asia. The country ranks 14th in export of chemicals.

Sales of Chemicals sector in India is worth ~$212 billion (2021). And it is projected to reach $300 billion by 2025 growing at 9.3% CAGR.

Broadly, the industry can be divided into 3 categories: Commodity Chemicals, Specialty Chemicals & Fine Chemicals. While commodity chemicals are the largest category, specialty chemicals are second largest.

Following is the list of the top chemical companies in India by sales revenue.

Reliance O2C

Reliance Oil to Chemicals (O2C) business is a segment of Reliance Industries limited. The Oil to Chemicals (O2C) business portfolio spans across transportation fuels, polymers and elastomers, intermediates and polyesters. The O2C business includes world-class assets comprising refinery, crackers and downstream assets that are deeply and uniquely integrated, supported by best-in-class logistics and supply chain infrastructure.
RIL O2C business includes plants and manufacturing assets located in India at Jamnagar (Jamnagar DTA, Jamnagar SEZ), Hazira, Dahej, Nagothane, Vadodara Patalganga, Silvassa, Barabanki and Hoshiarpur as well as in Malaysia at Nilai, Melaca and Kuantan. It also includes a 51% equity interest in a fuel retailing JV with bp-Reliance BP Mobility Limited (RBML, operating under the brand Jio-bp), and a 74.9% equity interest in Reliance Sibur Elastomers Private Limited (RSEPL).
The business has following segments:
- Transportations Fuels – include gasoline, gasoline/alkylate and ATF
- Polymers & Elastomers – include polypropylene, polyethylene, PVC and elastomers & feedstock
- Intermediates & Polyesters – include paraxylene & byproducts, benzene & derivatives, PTA, MEG & byproducts, filament, staple and PET
- Others – include fuels, solids and others
The business segment had a revenue of Rs 5.01 trillion with Rs 527. 22 billion EBITDA for the FY 2021-22.

UPL

UPL is a global crop protection chemicals manufacturer based in Mumbai, Maharashtra with business presence in 138+ countries.
The company became the 5th largest agrochemical company in the world, after the acquisition of Arysta LifeScience.
The company has 42 manufacturing plants and 30 R&D facilities.
Over a period of five decades, the company was granted 1,502 patents and has 3,277 pending applications.
UPL’s crop protection business offers:
- Herbicides – offers latest formulations focused on tackling the increasing problem of glyphosate resistance and eliminating weed through real-time data from the field.
- Fungicides – offers easy dissolution and dispersion, complete coverage and lower dosage formulations.
- Insecticides and Acaricides – offers diverse range of insecticides, which has been successful in controlling and eradicating the most destructive of pests.
- Seed Treatment – provide protection against broad-spectrum insect attacks, facilitate growth by improving immunity and promote uniform germination.
- Adjuvants – enhance the effectiveness of the crop protection products.
The company reported a revenue of Rs 504.86 billion with Rs 42.16 billion PAT for the FY 2021-22.

Tata Chemicals

Tata Chemicals Ltd is a subsidiary of Tata Group, an Indian conglomerate. The company is engaged in manufacture and sale of basic chemicals, specialty products and agri inputs.
The company is the largest saltworks in Asia, and are the 3rd largest soda ash manufacturer and the 6th largest sodium bicarbonate manufacturer in the world.
The company operates with two business segments:
- Basic Chemistry Products – Pioneer in Basic Inorganic Chemicals representing Chlor-Alkali industry. Global market leadership in Soda Ash and Sodium Bicarbonate.
- Specialty Products – Green Chemistry Focus – Fermentation platform-based Prebiotics & Formulations; Silica for Green applications and a range of Agri inputs for farm productivity (through subsidiary Rallis India Ltd.)
The company has 13 manufacturing facilities across 4 countries and marketing presence in 30 countries. The global value chain includes subsidiaries Tata Chemicals North America, Tata Chemicals Europe, Tata Chemicals Magadi and Tata Chemicals South Africa.
The company has a revenue of Rs 148.56 billion with Rs 19.73 billion PAT for the FY 2021-22.

SRF

SRF Ltd is an Indian chemicals manufacturing company based in Gujarat which is also into packaging and textile business.
The company’s chemicals business consists of:
- Specialty Chemicals division – produces active, non-active advanced intermediates used in agrochemicals and pharmaceutical industries. It also provides custom research & synthesis for major players in the agrochemicals and pharma sector.
- Fluorochemicals division – Global-scale fully integrated manufacture of refrigerants & pharma propellants and industrial chemicals. It also manufactures ozone-friendly refrigerants in India. These have application in room air-conditioners, pharma, automobile air-conditioners, refrigerators and chillers.
Plants in Dahej and Bhiwadi located in Gujarat and Rajasthan respectively.
SRF is a market leader in most of its business segments in India and also commands a significant global presence in some of its businesses, with operations in four countries namely, India, Thailand and South Africa and Hungary.
The company has a revenue of Rs 145.17 billion with Rs 22.0 billion PAT for the FY 2021-22.

Pidilite

Pidilite is India’s largest specialty chemicals manufacturer by volume and sales. It makes adhesives & sealants, construction & paint chemicals, art & craft materials and pigment & preparations.
The company’s consumer products business contributes ~80% of the sales followed by B2B products with ~20%. The company also has its presence overseas in the Americas, Middle East & Africa and Asia (other than India).
Adhesive & sealants is the largest business segment of the company. Furthermore, the adhesive segment has a 70% market share in the country. Brand Fevicol is the country’s most popular adhesive brands. Along with Fevicol the company also has other trusted brands like M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Araldite, Araldite Karpenter and Araseal.
For the FY 2021-22, Pidilite’s revenue was Rs 114.7 billion and its PAT was Rs 12.98 billion.

Aarti Industries

Aarti Industries Limited (AIL) is a leading Indian manufacturer of specialty chemicals and pharmaceuticals. It is based in Gujarat with 21 manufacturing plants.
The company manufactures chemicals used in the downstream manufacturing of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments and dyes.
Aarti Industries has two product segments:
- Chemicals – Benzene derivatives such as 2 3-DCNB, 1 2 4-TCB, 3 4-DCNB, 1 2 3-TCB etc. and Toluene derivatives such as NEMT, DEMT, DEPT etc.
- Pharmaceuticals – APIs, intermediates and xanthine derivatives.
The company is also involved in small molecule Contract Development and Manufacturing Services (CDMS).
Around 44% of your Company’s revenue is contributed through exports (FY2021-22).
The company has a revenue of Rs 74.26 billion with Rs 12.26 billion PAT for the FY 2021-22.

Deepak Nitrite

Deepak Nitrite, headquartered in Gujarat is one of India’s largest chemical companies. It is involved in the manufacturing and sale of commodity chemicals, fine and specialty chemicals.
Commodity chemicals come under its phenolics segment and fine and specialty chemicals are included under its advanced intermediates segment.
- Its Phenolics segment includes phenol, acetone and isopropyl alcohol (IPA). The segment caters to pharmaceuticals, plywood, agrochemicals, paints & coatings, rubber chemicals, laminates, adhesives, resins and aldol chemicals markets.
- Its Advanced Intermediates segment include fine chemicals such as basic organic intermediates, other organic chemicals and pharmaceutical intermediates. Specialty chemicals include its Ptrotecto range wood preservatives, personal care chemicals, dyes and performance products. This segment caters to agrochemicals, detergents, hair dyes, pharma, dyes & pigments, paper, textile, personal care, industrial explosive, glass, fuel additives and rubber markets.
The company is a leading supplier of phenol, nitrotoluenes and sodium nitrite in India.
The phenolics segment is its largest segment by sales with 63% share of the total Rs 68.02 billion (FY2021-22) in sales. Advanced intermediates is its high net profit margin segment.
The company reported a revenue of Rs 76.14 billion with Rs 9.18 billion PAT for the FY 2021-22.

Deepak Fertilisers

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) is one of India’s leading chemicals and fertilizers producer.
Headquartered in Pune, Maharashtra, we are engaged in the manufacturing of basic chemicals, fertilizers and mining chemicals.
The company has three product segments:
- Industrial Chemicals – Nitric Acid, Iso Propyl Alcohol, Methanol and Carbon Dioxide,
- Crop Nutrition – Nitro Phosphate, Nitrogen Phosphorous Potassium variants, Water Soluble Fertilizers and Bentonite Sulphur
- Mining Chemicals – Technical Ammonium Nitrate
It is a domestic market leader in Technical Ammonium Nitrate (TAN) production.
The company has manufacturing facilities in Taloja – Maharashtra, Srikakulam – A.P., Panipat – Haryana and Dahej – Gujarat.
The company has a revenue of Rs 76.63 billion with Rs 6.87 billion PAT for the FY 2021-22.

PI Industries

PI Industries is one the largest agrochemicals manufacturer in India. It is involved in the manufacture and sale of agrochemical formulations viz., insecticides, herbicides and fungicides. The company also produces few specialty products. The company synthesizes active ingredients that are used in its agrochemical formulations captively.
The company is also into services business of R&D and CSM (custom synthesis and manufacturing) of active ingredients and chemical intermediates.
The company has three operating segments: Active Ingredients and Intermediates, Formulations and Others. Active Ingredients and Intermediates constitute 78% of the company’s revenue followed by formulations with 20%.
Awkira, Brofreya and PB Knot are its top selling formulations.
The company also has its market overseas in North America, Europe, Asia (other than India) and rest of the world.
For the FY 2021-22, PI Industries’ revenue was Rs 60.64 billion and its PAT was Rs 10.24 billion.

Chemplast Sanmar

Chemplast Sanmar is part of the SHL Chemicals Group, which in turn is a constituent of the Sanmar Group, one among the oldest and most prominent corporate groups in South India.
It is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt.
The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.
The company has four chemical divisions:
- Specialty Paste PVC Resin division – its operations began in May 1967 at Mettur, near Salem in Tamil Nadu, to manufacture a variety of high quality Specialty Paste PVC resin products having a wide range of end-use applications. Chemplast Sanmar pioneered the manufacture of speciality Paste PVC in India. It is today the country’s largest manufacturer of Specialty Paste PVC resin.
- Custom Manufactured Chemicals division – Chemplast Sanmar Limited, is a leading supplier of intermediates for global Agrochemical, Pharmaceutical and Fine Chemical innovators. These intermediates involve complex multi step synthesis using unique chemistries. The manufacturing facility is located at Berigai, Tamil Nadu.
- Chlorochemicals division – is a result of backward integration by the Group, manufactures a wide range of products using a highly integrated manufacturing process.
- Hydrogen Peroxide division – is part of downstream integration as a value added product. The auto oxidation processes are adopted in hydrogen peroxide production and designed for a capacity of 34000 ton per annum of 50% concentration.
The company reported a revenue of Rs 58.92 billion with Rs 6.49 billion PAT for the FY 2021-22.

Atul Ltd

Atul Limited is another large chemical company headquartered in Gujarat. The company is into manufacture and sale of specialty chemicals, fine chemicals and polymers. Atul manufactures 900 products and 400 formulations and owns 140 retail brands.
The company has two business segments: Life Science Chemicals and Performance & Other Chemicals. Life science chemicals include pharmaceuticals (APIs) and agrochemicals, which contribute 34% of the company’s sales. While performance and other chemicals include aromatics, colors, bulk chemicals and polymers/performance materials contributing 66% of sales.
Product-wise sales % share: Epoxy resins & hardeners – 32%, Intermediates – 23%, Herbicides – 19% and Textile dyestuffs – 16%.
Atul ltd is the only manufacturer of Resorcinol in India and is amongst the world’s largest manufacturers of Dapsone, an API.
The company reported a revenue of Rs 57.14 billion with Rs 6.03 billion PAT for the FY 2021-22.

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