What we do IVP Limited manufactures phenolic and polyurethane resins, foundry chemicals, and allied products serving foundry, footwear, and flexible packaging industries. |
Founded in 1,929 |
Market share Established leader in India with 90+ years in specialty chemicals; exports to US, UK, Germany, and Middle East countries. |
Problem solved Provides advanced industrial chemicals enabling efficient metal casting, durable footwear soles, and sustainable flexible packaging resins. |
Top clients or who we serve Supplies to over 500 clients in foundry, footwear, packaging, and composites sectors; B2B focused industrial chemical markets. |
Key management CEO Mandar Joshi (IIT Mumbai alumnus) leads seasoned team with deep expertise in chemical manufacturing and business leadership. |
Our journey and innovations Pioneered vanaspati manufacturing in 1930s; first Indian foundry chemicals in 1965; expanded to polyurethane in 2018; adopted SAP S/4HANA in 2024. |
Where we operate Manufacturing in Maharashtra and Karnataka; exports to US, Europe, Middle East, and Southeast Asia. |
Top products or what we offer Phenolic resins, polyurethane resins, foundry chemicals, PU adhesives for flexible packaging, specialty industrial chemicals. |
Top brands Focus on foundry binders/coatings, PU footwear foams, and flexible packaging adhesives; known for quality and innovation. |
Raw materials needed Phenol, formaldehyde, polyols, isocyanates, and specialty chemicals from global and domestic suppliers. |
Raw materials supplier Key suppliers include chemical manufacturers from India, Europe, and the Middle East. |
Recurring vs cyclical contribution Revenue primarily recurring via long-term supply contracts; subject to cyclicality in end-user industries like automotive and manufacturing. |
Our industry position Mid-size Indian specialty chemical maker with niche leadership in foundry and polyurethane segments. |
Financial highlights FY25 revenue Rs. 539 crores; profit after tax Rs. 11.3 crores; EBITDA margin around 5%; steady dividend payer. |
Geographical revenue split Majority domestic sales with significant exports to US, Europe, Middle East, and Southeast Asia. |
Order book - |
Whats driving growth Product innovation, capacity expansions, increasing market share in polyurethane and flexible packaging segments. |
Our future plans Expanding PU business using unused land; diversify into non-foam PU products; focus on operational efficiency and deleveraging. |
Our green promise Committed to environmental standards with ETP, water reuse, and community CSR focused on education. |
Our people and values 205 employees fostering a culture of innovation, safety, and sustainable industrial development. |
Key challenges ahead Raw material price volatility, global trade uncertainties, and competitive pressure in specialty chemical markets. |
Interesting facts First Indian company to produce foundry chemicals in 1965; over 90 years of industrial excellence. |
Risks and strategy Mitigates raw material and market risks via diversified products and efficient operations; plans growth through innovation and capacity expansion. |
