What we do Axel Polymers Ltd is India's largest manufacturer of engineering thermoplastic compounds, serving automotive, home appliances, electrical, construction, packaging, and healthcare industries. |
Founded in 1,992 |
Market share Largest manufacturer of engineering thermoplastic compounds in India with over three decades of experience. |
Problem solved Provides innovative, cost-effective polymer solutions addressing industry needs for durable, high-performance materials across sectors. |
Top clients or who we serve Multinational and domestic corporates in automotive, electrical, electronics, construction, packaging, and healthcare; B2B focus. |
Key management Gaurav Thanky, Managing Director; Tejas Bhatt, Chief Financial Officer; Ashish Chaudhary, Company Secretary. |
Our journey and innovations Established in 1992; amalgamated Dhara Petrochemicals in 2021; continuous R&D to enhance polymer technology and product offerings. |
Where we operate Primarily India with export activities; serves multinational and domestic clients nationwide. |
Top products or what we offer Engineering thermoplastic compounds, blends, and alloys for industries like automotive, water management, electrical and household appliances. |
Top brands - |
Raw materials needed Specialty polymers and engineering polymers for compound manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is predominantly recurring from regular supply contracts to industrial clients. |
Our industry position Market leader in engineering thermoplastic compounds within India, catering to diverse industry sectors. |
Financial highlights FY 2024-25 revenue Rs. 78.09 crore; net profit Rs. 0.17 crore; experienced drop from prior year due to market conditions. |
Geographical revenue split - |
Order book - |
Whats driving growth Growing demand from automotive and electronics sectors; innovation in polymer blends; cost efficiency focus by clients. |
Our future plans Expand capacity via preferential equity issuance; explore renewable energy like rooftop solar to reduce energy costs. |
Our green promise Committed to energy conservation and exploring renewable energy sources; implementing effective energy management practices. |
Our people and values Focus on integrity, compliance, and fostering leadership skills among senior management and board members. |
Key challenges ahead Volatile raw material prices, intense competition, economic fluctuations impacting demand and profitability. |
Interesting facts Has a strong legacy of over 30 years, largest in its segment in India, and maintains compliance with high corporate governance standards. |
Risks and strategy Mitigates industry risks through innovation, cost control, and strategic client relationships; maintains robust internal controls. |
