Top 10 Indian Chemical Companies in 2024 

The modern Chemical industry serves as at the epicenter of currently, the research and development of innovative products. Chemicals are present in numerous consumer products, inclusive of chemical products in their natural state or chemicals added as preservatives in food products. Interestingly enough, even electronic gadgets use chemicals in their manufacture.

Within the Indian framework, such an astonishing array of more than 80,000 chemicals are devised for various, some known as well as some unknown uses. With a global market being the sixth-largest in the chemical industry, India stands among those having a significant market for products based on chemicals. The market size of this sector is more than 180 billion dollars which shows consistent growth based on increasing demand locally and internationally.

Here Below the list of Top 10 Chemicals Company in India 

Aarti Industries

One of the most famous Indian corporations filed its demand in the form of the Aarti Industries Ltd that is found on the list of the best ten chemical manufacturing companies built in the country. The company specializes in making high precision chemicals and pharmaceuticals and has its headquarters in Mumbai, Maharashtra.

Incorporated in 1984 by the farsighted Rajendra V. Gogri, Aarti Industries started off under the name of Aarti Organics Private Limited. Aarti Industries Limited was formed in 1994 fom the transformation of the company that was previously known as Aarti Drugs Limited.

From its initiation period, Aarti Industries approached the strategy of advancements and development. Important investments include setting up a plant manufacturing ‘Nitro ChloroBenzenes’ at Sarigram, a rural area of Gujarat State in 1986. By 2006, realizing the increasing needs of the market, the company again expanded the production capacity of sulphuric acid from 100 KTPA to a double capacity of 200 KTPA.

Aarti Industries Ltd., which has a significant history of a few decades, yet sticks to Innovation, quality, and chasing after the changing necessities of the chemical and pharmaceutical industries. With this decision, the company gives itself to grow and the orientation towards improvement, features revealed in this Indian chemical company.

Top Products 

GHCL Ltd.

GHCL Ltd., as one of the most significant players in the chemical industry, ensures it stays considered one of the top ten chemical companies in India. Diversifying into inorganic chemicals as well as home textiles, GHCL has become a leader in the market. Remarkably, GHCL dominates the position as a major manufacturer of Soda Ash in India and takes part in the manufacture of edible salt.

However, world-famous companies including Hindustan Unilever Limited, Ghari Group, P&G, Patanjali Ayurved Limited, Phillips, etc., among the industry leaders purchase only Soda Ash produced by GHCL. This strategic collaboration testifies to the fact that GHCL manufactures the world standard product required by sophisticated organizations in the sector. Armed with the spirit of superior laedership, GHCL still remains a luminous guiding force leading the path of such an Indian chemical company.

Home Textile Division:

The Home Textiles Division in the company works on a large scale currently running over 1,76,000 spindles and 3,320 rotor machines at present. This division is deeply integrated in the full cycle from manufacturing yarn and production of Home Textile including weaving, cutting, and sewing yarn material to make different Home Textile, across the board.

Company History:

Founded in 1983, GHCL Ltd started as a joint venture between GIIC and the Dalmias own companies, initially as Gujarat Heavy Chemicals. It started operations in the early 1990 operating through strategic mergers and acquisitions has now become a major player in the industry which prides itself in textiles manufacturing, with exceptional dedications and innovation.

BASF India Ltd.

BASF India Ltd, a reputed unit in the Indian chemical sector, has emerged as one of the significant subsidiaries of the famous German based group, BASF. Being active on the ground in more than 80 countries, BASF India stands as a global leader in the chemical field.

Specializing in the production of a diverse range of chemicals, including those catering to agriculture, leather, Styropor, tanning agents, and various others, BASF India is actively engaged in the marketing and distribution of these high-quality products.

The organization boasts a workforce of over 1800 employees, spread across multiple manufacturing units. Furthermore, BASF India underscores its commitment to innovation through the establishment of its own research and development laboratories.

Historically, BASF India’s roots trace back to its inception in 1943 as RA Cole. Subsequently rebranded as Indoplast in 1963, the company attained its current identity as BASF India in 1967. This journey reflects a rich legacy of growth and evolution in the Indian chemical landscape.

Atul Ltd.

Atul Ltd emerged as one of the oldest chemical companies in India operating since 1947 under the visionary mastership of Kasturbhai Lalbhai. The company set up its first production unit in Gujarat, currently its headquarters are in Ahmedabad, Gujarat spread over an area of 1250 acres.

Atul Limited has diversified its portfolio in this product line which at present produces a wide variety of more than 900 products and 400 chemical formulations. The company has also strategically diversified its business beyond the core business, in the retail industry, managing more than 140 retail brands. Aiming at a varied clientage, Atul Ltd, sells its products to more than 4000 customers representing 30 separate business segments.

Atul Ltd has shown a global footprint as it has spread its tendrils into the international markets by establishing its subsidiary companies in major locations in countries like the United States, United Kingdom, China, Brazil and U.A.E.

The company has a total of its assets valued at an admirable 4,600 crore crore not in addition shows a significant revenue of 3,650 crore. In observance of its duty towards transparency and involvement with the market, Atul Ltd is listed on the National Stock Exchange and The Bombay Stock Exchange.

Gujarat Alkalies & Chemicals Ltd

One of the largest chemical industry giants in India is Gujarat Alkalies & Chemicals Ltd. Under the ownership of the state government, it showcases strong growth and management. The company focuses on the production of a wide variety of chemicals containing phosphoric acid, potassium carbonate, chloromethanes, and caustic soda among others. At present, Gujarat Alkalies & Chemicals Ltd. runs two modern production plants situated in Gujarat— one in Dahej and the other in Vadodara.

Started in 1973 after a joint venture by the Gujarat Industrial Investment Corporation (GIIC), this company is totally owned by the Gujarat government.

The inaugural production commenced in 1976 at the Vadodara unit, marking the onset of a dynamic trajectory. At present, the combined production capacity of both plants stands at an impressive 4,29,050 metric tonnes per annum, attesting to the company’s commitment to excellence and sustained growth.

Pidilite Industries Ltd.

The adhesive products manufacturing company headquartered in Mumbai, Maharashtra, is Pidilite Industries Ltd which is one of the leading adhesive products manufacturing companies in India. Company spans the portfolio that not only includes Food and Fabric Care but also Car Products, Sealants, Textile Resins, Construction Chemicals among the rest of its innovative solutions.

Driven by Fevicol, the flagship product of Pidilit, has truly won the market capturing its competitors trying to replicate it but missing. Pidilite’s brand portfolio encompasses Fevikwik, Dr. Fixit, M-Seal, Roff Cyclo, and Acron, with most of them named after the brand name; many of which become synonymous with generic terms in the market.

In 1959 Pidilite Industries was established with manufacturing units in various locations of India particularly in Mahad (Maharashtra), and Vapi (Gujarat), Baddi, and Kala Amb (Himachal Pradesh). At present, it has an asset valuation worth over INR 6,500 crores and its annual revenue is an astounding INR 7,500 crores.

TATA Chemicals Ltd.

TATA Chemicals Ltd is a multinational corporation headquartered in Mumbai, Maharashtra operating globally, specialize in producing chemical products and crop protection. Being one of the largest producers of chemicals in India and the key indicators of the markets of Europe, North America and Africa, TATA Chemicals is a very important company of the respected Tata Group.

The manufacturing plants of TATA Chemicals located in Gujarat, United Kingdom, Andhra Pradesh, Kenya, United States, and Tamil Nadu number altogether seven in total. It carries the honor of being the second largest Soda Ash producer in India while Aarti Industries Ltd is the first.

History

Tata Chemicals came into operation in 1944 whereby, its first production plant. started operations in Mithapur, Gujarat. Through various strategic acquisitions, the company has grown its footprint in the past, with 2006’s takeover of Brunner Mond as the U. K. Almost 15 years ago- serving to reaffirm the company’s position as a significant global chemical player.

Bayer

Having set foot in India in 1986, Bayer has been one of the major players with its production. They clearly express the strength of judgment organizational statements in the as using it the sentence can be organized, Conclusion, Sub heads Conclusion Paragraph. The organization adopts operations cut across the crop science, pharmaceutical, and animal health sector with Bayer CropScience Ltd. being a profitable business. With a relatively large market capitalization, Bayer sales add up to around 3280 crores. The Crop Science division seems to be the main revenue earner, among all of the divisions in the Indian market, as it is a diverse range of agro and non-agro products.

India Glycols Ltd.

Producer of glycols-based chemicals, india glycols is one of the top 10 chemical companies in India; the company manufactures glycol ethoxylates & PGs, performance chemicals, glycol ether and acetates, guar gum, and potable alcohol. Leading the path of renewable agro techniques for Ethylene Oxide (EO)/ Mono Ethylene Glycol (MEG) production, the Indian company India Glycols is serving a clientele base of more than 1000 clients. 

The company was founded in 1983 under the Bartia family from Delhi called the UP Glycols which was later rebranded as India Glycols in 1986. The company, often thought of as an environmentally friendly and ecologically responsible enterprise has an annual turnover currently close to 1.5 billion dollars.

UPL Ltd.

In addition to being one of the large scale producers in India, the company has specialized in manufacture of agrochemicals, industrial chemicals, chemical intermediates and specialty chemicals as UPL Ltd., or United Phosphorus Limited. Being a global operator, the multinational of India sells its products in more than 150 countries. UPL Ltd. headquartered in Mumbai, Maharashtra constitutes agro and non-agro activities mainly agro products like agrochemicals, seeds, and other Agro related materials. However, the non- agro part of the firm specializes in the manufacture and sale of different types of industrial chemicals products.

Some Government Chemical Companies in India 

The Department of Fertilisers states the following nine public enterprises are as  follows:

• FCI Aravali Gypsum & Minerals India Limited (FAGMIL)
• Brahmaputra Valley Fertilizer Corporation Limited (BVFCL)
• The Fertiliser Corporation of India Limited (FCIL)
• Project & Development India Limited (PDIL)
• Hindustan Fertilizer Corporation Limited (HFCL)
• Rashtriya Chemicals and Fertilizers Limited (RCF)
• National Fertilizers Limited (NFL)
• The Fertilizers and Chemicals Travancore Limited (FACT)
• Madras Fertilizers Limited

Q. What is the future of Chemical Industries in India?

According to government data, the Indian chemical industry is valued at USD 178 billion by 2019 and is expected to grow to USD 304 billion by 2025 with a combined annual growth rate (CAGR) of 9.3 percent. It is expected to attract investment of Rs 8 lakh crore by 2025.

Q. How many chemical industries are there in India?

Three broad categories of companies exist in the industry – International, Indian including state-owned enterprises and sub-sectors. There are approximately 125 state-of-the-art pesticide manufacturers in the country, about 60 of which are in the formal sector, and 10 are international.

Q. Which city is famous for its chemical industry?

Mumbai is famous for its petrochemical industry in India.