| Water Technologies | Chemical solutions for water treatment including cooling, boiler, raw water, effluent treatments, and disinfection services. | Strong R&D, pan-India service footprint, proprietary formulations, and long-standing client relationships. | Industrial plants across cement, fertilizer, steel, pharma, food and beverage sectors; B2B focus. | Technical service contracts and proprietary chemical formulations. | 255 | 87 | Sales of chemical programs, equipment services, and long-term service contracts. | Direct sales and service contracts, typically recurring revenue streams. | Increasing industrial water treatment demands, regulatory push for wastewater treatment, and technological advancements. | |
| Construction Chemicals | Admixtures, sealants, waterproofing solutions, curing agents, repair mortars, grouts, tiling adhesives for infrastructure and industrial construction. | Industry approvals, product quality, and sector expertise provide competitive edge. | Infrastructure developers, contractors, builders, and consultants; B2B sector. | Specialty sealants and high-performance admixtures. | 21 | 7 | Product sales primarily, with growing approvals from industry agencies. | Direct sales with credit policies maintaining receivables quality. | Infrastructure growth, metro rail and airport projects, and repair of concrete structures. | |
| Cleaning & Hygiene | Cleaning and hygiene chemical products and systems for industrial kitchens, dairies, food processing, institutional housekeeping, and laundry. | Joint venture with Calvatis GmbH, Germany, bringing advanced solutions and technology. | Industrial and institutional customers in beverage, dairy, food processing sectors; B2B. | Specialized cleaning formulations tailored for client-specific needs. | 3 | 1 | Sales through a joint venture partnership and direct industrial contracts. | Product sales and service support contracts. | Growing hygiene standards in food and beverage industries and institutional sectors. | |
| Specialty Chemical Distribution | Importation, stocking, and distribution of specialty chemical additives for water treatment, construction chemicals, paints, inks, sealants, and coatings. | Established supplier relations and comprehensive product portfolio meeting diverse client needs. | Chemical manufacturers, industrial users, and specialty chemical formulators; B2B. | Proprietary or high-demand additives with pricing flexibility. | 14 | 5 | Margin on product sales and distribution services. | Direct sales with inventory and logistics services. | Growing demand for specialty additives and supply chain efficiencies. | |
