What we do Mahickra Chemicals Ltd manufactures and trades in reactive dyes, specializing in black dyes, serving textile and garment manufacturers with specialty chemicals since 1998. |
Founded in 1,994 |
Market share Recognized in reactive dye segment with a growing presence in black dyes and specialty pigment chemicals. |
Problem solved Provides high-quality reactive dyes and specialty chemicals to meet textile industry's demand for vibrant, durable colors and eco-friendly solutions. |
Top clients or who we serve Textile and garment manufacturers, primarily B2B customers in India and select export markets. |
Key management Mr. Miteshkumar C. Gandhi (Managing Director), Mr. Ashishkumar C. Gandhi (Whole-Time Director), Mrs. Komal M. Gandhi (Whole-Time Director) |
Our journey and innovations Progressed from trading to manufacturing reactive dyes since 1998; expanded product range to pigment pastes and launched OekoTex certified products in 2024. |
Where we operate Manufacturing in Gujarat, India, serving domestic textile industry with exports focused on select markets with growth potential. |
Top products or what we offer Reactive Dyes (specializing in Black Reactive Dyes), Pigment Pastes, Specialty Chemicals, OekoTex certified pigment emulsions under Nikron brand. |
Top brands Nikron - OekoTex certified pigment emulsions; core reactive dyes portfolio with 40 variants including specialty black dyes. |
Raw materials needed Key chemicals and intermediates used in dye synthesis including organic compounds and pigments. |
Raw materials supplier Supplied by diversified chemical suppliers in India and internationally to mitigate supply risks. |
Recurring vs cyclical contribution Revenue is moderately cyclical aligned with textile industry's seasonal demand cycles but supported by recurring orders. |
Our industry position Emerging player with specialization in black reactive dyes and expanding specialty chemical offerings, adapting to market dynamics. |
Financial highlights FY 2024-25 revenue Rs. 88.16 crore; Profit after tax Rs. 2.53 crore, showing robust growth over previous year. |
Geographical revenue split Primarily domestic Indian market; limited exports with growth focus on international textile hubs. |
Order book - |
Whats driving growth New production capacities, specialty chemical product launches, operational efficiencies, and increased domestic textile demand. |
Our future plans Expand specialty chemical production, grow pigment paste market, strengthen associate company collaborations, and enhance export footprint. |
Our green promise Focus on eco-friendly OekoTex certified products and complies with environmental safety standards at manufacturing facility. |
Our people and values Governed by an experienced promoter family and professional board ensuring ethical management and stakeholder transparency. |
Key challenges ahead Raw material price volatility, global trade uncertainties, competitive margins pressure, and need for innovation. |
Interesting facts Launched OekoTex certified Nikron pigment emulsions and expanded associate company stake to diversify portfolio. |
Risks and strategy Mitigates raw material volatility by diversified sourcing; focuses on product innovation and market expansion to sustain growth. |
