What we do I G Petrochemicals Ltd is India's leading manufacturer of Phthalic Anhydride with over 50% market share, also producing Maleic Anhydride, Benzoic Acid, and Di-ethyl Phthalate for various industries. |
Founded in 1,988 |
Market share Commands over 50% market share in India's Phthalic Anhydride market and is the sole domestic producer of Maleic Anhydride. |
Problem solved Addresses raw material needs for sectors including plasticizers, paints, PVC compounds, dyes, pigments, and resins, supporting chemical industry supply chains. |
Top clients or who we serve Serves 120+ clients across 20+ industries including plasticizers, paints, coatings, resins, and personal care sectors; B2B market. |
Key management Nikunj Dhanuka (Chairman & MD), Mayank Dhanuka (CEO), Pramod Bhandari (CFO) with strong industry and leadership experience. |
Our journey and innovations Incorporated in 1988; expanded PAN capacity several times; diversified into Maleic Anhydride, Plasticizers and Compressed Biogas; focused on sustainability and downstream integration. |
Where we operate Main operations in India with export presence accounting for about 15% revenue; subsidiaries in UAE and other regions. |
Top products or what we offer Flagship chemical products include Phthalic Anhydride, Maleic Anhydride, Benzoic Acid, Di-ethyl Phthalate, and upcoming Advanced Plasticizers and Compressed Biogas. |
Top brands Market leader in Phthalic Anhydride in India, largest PAN plant in India with international scale capacity, first in India for Maleic Anhydride from wash water source. |
Raw materials needed Primary raw material is Orthoxylene; also uses coal and energy inputs for production processes. |
Raw materials supplier Sources raw materials from domestic and international chemical suppliers, leveraging proximity to chemical belt near Taloja. |
Recurring vs cyclical contribution Revenue is largely recurring with steady demand from chemical intermediates and downstream industries, subject to cyclical raw material price fluctuations. |
Our industry position Market leader in PAN production with cost-efficient plants; dominant in India and expanding export footprint. |
Financial highlights FY25 revenue of ₹2234 Cr, EBITDA ₹248 Cr with 11.1% margin, net profit ₹112 Cr reflecting growth driven by higher capacity utilization and product diversification. |
Geographical revenue split Approximately 85% revenue from India and 15% from exports to international markets. |
Order book - |
Whats driving growth Growth driven by increasing demand for plasticizers, paints, coatings, government infrastructure spend, Make in India initiative, and expanding downstream products. |
Our future plans Capex for Plasticizer plant completion by FY26, Compressed Biogas plant setup and diversification into green energy and specialty chemicals. |
Our green promise Reduced greenhouse gas emissions by 70%, rooftop solar panels, water recycling and waste management initiatives. |
Our people and values Around 500 employees with emphasis on safety, diversity, zero tolerance for workplace harassment, and continuous skill development. |
Key challenges ahead Raw material price volatility, global supply chain disruptions, and maintaining competitiveness amid industry shifts. |
Interesting facts Ranks second globally in PAN production capacity, first Indian producer of Maleic Anhydride via wash water process, strong focus on sustainability. |
Risks and strategy Mitigates risks via operational efficiencies, financial discipline, product diversification, and forward integration. |
