What we do Renol Polychem Ltd is a Rajkot-based chemical company specializing in manufacturing additives and master batches for UPVC, CPVC pipes, fittings, and plastic products. |
Founded in 2,008 |
Market share Emerging leader in customized master batches in India with growing market presence since manufacturing commenced in 2020. |
Problem solved Provides integrated additive solutions ensuring quality, durability, and customization for plastic pipe manufacturing. |
Top clients or who we serve Serves plastic pipe manufacturers and related industries on a B2B model, focusing on customized chemical additives. |
Key management Bhaveshbhai Mansukhbhai Harsoda (Managing Director), Naitik Bhaveshbhai Harsoda (Director) |
Our journey and innovations Started as a partnership in 2008, shifted to manufacturing in 2020 with phased launch of diverse chemical products, IPO in 2025 accelerated growth. |
Where we operate Primarily India with a focus in Gujarat; expanding footprint via NSE Emerge listing. |
Top products or what we offer Manufactures Super Pack, One Pack, Anti-Moisture Powder, Colour Pigment, Impact Modifier, and more for plastic processing. |
Top brands - |
Raw materials needed Chemical additives like stabilizers, pigments, lubricants, impact modifiers, titanium dioxide. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly recurring from continuous supply of additives and master batches to manufacturers. |
Our industry position Growing presence in specialized chemical additives for plastic manufacturing with strong regional presence. |
Financial highlights FY 2024-25 Revenue Rs. 62.3 Cr, Net Profit Rs. 5 Cr, marked nearly 10-fold revenue growth since establishment of manufacturing. |
Geographical revenue split Majority revenue from domestic Indian market, based in Gujarat. |
Order book - |
Whats driving growth Increasing demand for plastic pipes, regulatory approvals, new manufacturing capabilities, and IPO funding. |
Our future plans Expand production capacity, new product launches, and NSE Emerge platform listing to fuel growth. |
Our green promise - |
Our people and values Dedicated workforce abiding by anti-harassment policies and fostering inclusive work environment. |
Key challenges ahead Managing supply chain, scaling production, and competitive pressures from larger chemical companies. |
Interesting facts Rapid growth from startup to IPO within 17 years with diversification of chemical product portfolio. |
Risks and strategy Operational risk mitigated by robust internal controls; growth strategy includes broadening product range and scaling manufacturing. |
