| Speciality Chemicals | Manufacture and sale of specialty chemicals for metal treatment, automotive, and engineering applications. | Strong JV partnerships; market leadership; extensive manufacturing footprint across India. | B2B, serving automotive, steel, petrochemical, power, fertilizer, and pharmaceutical industries. | Specialty coatings and adhesives segments yield higher margins. | 276 | 98 | Primarily through product sales to industrial clients. | Contract and volume based direct sales arrangements. | Growth driven by steel and automotive industry demand, enhanced product innovation. | Metal Treatment Chemicals, Automotive Sealants, Engineering Adhesives |
| Water Treatment Plant | Design, installation, and maintenance of water treatment and recycling equipment and chemicals. | Technology partnership with Ashland, strong market reputation in India. | Industrial clients requiring water treatment and recycling solutions; B2B focused. | Customized water treatment solutions and after-sales services. | 4 | 2 | Project contracts and service agreements. | Project-based pricing with service contracts. | Rising industrial water sustainability needs and regulatory pressures. | H2O Innovation India Limited Solutions |
