What we do Dhariwalcorp Ltd trades in waxes, industrial chemicals, and petroleum jelly serving diverse industries like pharmaceuticals, textiles, and food processing. |
Founded in 2,020 |
Market share Emerging player on NSE Emerge with growing market presence in wax and chemical trading sectors. |
Problem solved Ensures reliable supply of specialty waxes and chemicals critical for manufacturing in multiple industries. |
Top clients or who we serve B2B clients across plywood, candle, pharmaceutical, textile, food processing, and adhesives sectors. |
Key management Manish Dhariwal (Managing Director), Shakshi Dhariwal (Whole-time Director), Dilip Dhariwal (Executive Director) |
Our journey and innovations Started in 2020, converted to public limited in 2024, launched IPO raising Rs 25.15 crores, expanded business to agro products. |
Where we operate Primarily India with warehouses in Rajasthan, Maharashtra, Gujarat; plans to expand warehousing and agro products. |
Top products or what we offer Paraffin Wax, Micro Wax, Rubber Process Oil, Citric Acid, Petroleum Jelly, Stearic Acid, and other industrial chemicals. |
Top brands - |
Raw materials needed Waxes, petrochemicals, industrial chemical raw materials imported and procured domestically. |
Raw materials supplier Diverse global and domestic chemical and wax suppliers; company manages imports and trading. |
Recurring vs cyclical contribution Revenue largely recurring from regular industrial chemical and wax supplies to B2B customers. |
Our industry position NSE Emerge listed with growing revenue; establishing foothold in wax and chemical trading markets. |
Financial highlights Revenue Rs 233.51 crore; Net Profit Rs 3.56 crore for FY 2024-25; IPO raised Rs 25.15 crore in 2024. |
Geographical revenue split Revenue primarily from Indian markets, especially western states like Rajasthan, Maharashtra, Gujarat. |
Order book - |
Whats driving growth IPO funding, expansion into agro products, increasing warehousing capacity, and diversified chemical portfolio. |
Our future plans Expanding into spices and agro products, scaling warehousing infrastructure, and broadening product base. |
Our green promise Installed solar plants at warehouses to conserve energy; committed to sustainable operations. |
Our people and values Board includes gender diversity; strong governance with independent directors; focus on ethical trading. |
Key challenges ahead Market competition, supply chain disruptions, regulatory compliance, and scaling new business verticals. |
Interesting facts Rapid transition from private to public company within 4 years; diversified wax product portfolio. |
Risks and strategy Mitigates risks via internal controls, audit committees, and broad supplier base; focused on steady growth. |
