| Plumbing | Manufacturing and sales of CPVC, PVC pipes and fittings for residential, industrial, fire protection and agricultural use. | Strong brand, technology partnerships, IP, wide dealer network, backward integration of compounding. | Construction companies, distributors, retailers, and end consumers primarily in India. | Specialty CPVC pipes and fire protection systems show strong margins. | 4196 | 72 | Sales of products through extensive B2B and B2C distribution network. | Direct sales with competitive pricing; no significant subscription/recurring fees. | Real estate growth, infrastructure projects, water management needs, and product innovation. | Astral CPVC Pro, Astral Fire Pro, Astral Chem Pro, OPVC Pro |
| Paints and Adhesives | Manufacture and sale of adhesives, sealants, paints and construction chemicals for building and industrial use. | Acquired market share, ISO certifications, international manufacturing footprint, strong R&D. | Builders, contractors, retailers, industrial clients, DIY markets in India and overseas. | Epoxy adhesives, specialty sealants and premium paints have highest profitability. | 1636 | 28 | Product sales via distributors and direct customers in industrial and retail channels. | Direct sales with tiered volume discounts and channel partnerships. | Acquisitions, product portfolio expansion, rising construction and renovation activities. | Bond-Tite, Seal IT, Resibond, OPVC PRO Paints |
