What we do Manali Petrochemicals Ltd manufactures specialty chemicals like Propylene Oxide, Propylene Glycol (only domestic manufacturer), and Polyether Polyols for industries including pharmaceuticals, automotive, and coatings. |
Founded in 1,986 |
Market share India's first and largest Propylene Oxide maker; sole domestic Propylene Glycol producer with growing market share amid import competition. |
Problem solved Reduces India's dependence on imported specialty chemicals by producing key raw materials for polyurethane foams, pharmaceuticals, and food industries. |
Top clients or who we serve B2B focus serving pharmaceuticals, food, automotive, refrigeration, adhesives, coatings, textile, and furniture industries. |
Key management - |
Our journey and innovations Founded in 1986; expanded Propylene Glycol capacity in 2025; developed eco-friendly glycol ethers; merged with Spic Organics; global subsidiaries acquisition. |
Where we operate Primarily India with exports to European Union and UK; subsidiaries in Singapore, UK, Germany, and expanded footprint in Southeast Asia. |
Top products or what we offer Key products include Propylene Glycol, Polyether and Polyester Polyols, Propylene Oxide, and specialty derivatives like fire-resistant foams. |
Top brands FoamDoctor (antifoam chemicals by UK subsidiary), proprietary Polyol grades for flexible and rigid foam applications. |
Raw materials needed Propylene Oxide and other petrochemical feedstocks, water, diacids, and diols for polyol production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from recurring manufacturing sales; cyclical impact from commodity pricing and import competition. |
Our industry position Market leader in domestic Propylene Oxide and Propylene Glycol; faces price pressure from low-cost imports. |
Financial highlights FY 2024-25 revenue Rs. 669 crore; consolidated profit Rs. 29 crore; faced 18% revenue decline due to import pressures. |
Geographical revenue split Approximately 73% revenue from India and 27% from European Union and UK markets. |
Order book - |
Whats driving growth Capacity expansions, product innovation, geographic diversification, and penetration into specialty segments and export markets. |
Our future plans Launching new western India manufacturing facility; advancing specialty product R&D; expanding PG and polyol capacities. |
Our green promise Committed to ISO 9001 and 14001 standards; extensive renewable energy use; carbon sequestration initiatives; LNG fuel transition reducing emissions. |
Our people and values 321 employees; emphasis on innovation, safety, diversity and leadership development programs. |
Key challenges ahead Intense competition from imports, pricing pressures, regulatory compliance, and risks of global economic volatility. |
Interesting facts Only domestic Propylene Glycol manufacturer; extensive global subsidiaries; achieved cutting-edge fire-resistant foam production. |
Risks and strategy Mitigates import threat via product differentiation, system polyols expansion, operational efficiency, and active anti-dumping efforts. |
