| Foundry Chemicals | Phenolic resins and foundry chemicals for metal casting molds and cores | First mover advantage in India, technical collaborations, established client base | Foundries and metal casting manufacturers (B2B) | Higher margin phenolic resins and specialty binders | 154 | 29 | Sales revenue from industrial clients, mostly B2B supply contracts | Direct sales with negotiated contracts | Growing metal casting industries and export demand | Foundry binders and coatings |
| Polyurethane Resins | Polyurethane foam materials for footwear and solvent-based/solvent-less PU adhesives for packaging films | Innovative product portfolio, strategic capacity expansions, technical expertise | Footwear manufacturers, flexible packaging producers (B2B) | Flexible packaging PU adhesives with higher profitability | 179 | 34 | Sales from specialty polymer products and adhesives to manufacturing companies | Direct sales with volume-based pricing | Rising demand for PU footwear soles and flexible packaging solutions | PU foams for footwear, PU adhesives for flexible packaging |
| Other Industrial Chemicals | Discontinued industrial ceramics and spark plugs; legacy business exited | | Formerly automotive and ceramic industries | | 0 | 0 | Primarily divested; minimal current contribution | | | Hi-alumina ceramic products (historical) |
