| Printing Inks | Manufacture of newsprint, offset, and liquid printing inks for newspapers, publications, and packaging industries. | Strong brand, parent company technology support, extensive manufacturing footprint in India. | B2B focus serving newspapers, publishing houses, packaging companies. | Specialty inks and liquid inks segments yield higher margins due to technical complexity. | 687 | 92 | Sale of inks to industrial and commercial printing customers on direct sales model. | Mostly direct sales with negotiated contracts; volume-based pricing. | Demand growth in packaging and publication printing; innovation in eco-friendly inks. | |
| Adhesives | Manufacture of lamination adhesives used in packaging and industrial applications. | Technical collaboration with DIC Japan; proprietary adhesive technologies. | B2B packaging and industrial segments. | Lamination adhesives due to specialized production process. | 57 | 8 | Sales of adhesives primarily to packaging and industrial companies. | Direct sales with contract-based pricing. | Increased demand for advanced packaging solutions and lamination adhesives. | |
