What we do Silkflex Polymers (India) Ltd specializes in specialty chemicals, primarily trading and soon manufacturing textile printing inks and water-based wood coating polymers. |
Founded in 2,016 |
Market share Exclusive rights to sell Silkflex brand products in India with growing market presence in textile inks and wood coatings sectors. |
Problem solved Provides advanced chemical solutions for textile printing and wood coatings to improve quality and sustainability in manufacturing. |
Top clients or who we serve Serves textile printing and wood coating manufacturers primarily in India; B2B focus with key industries in textiles and coatings. |
Key management Tushar Lalitkumar Sanghavi (MD), Urmi Raj Mehta (Whole Time Director & CFO), Nikita Jaiswal (Company Secretary). |
Our journey and innovations Founded in 2016 as a private entity, expanded into wood coatings in 2019; IPO in 2024; commenced factory construction in 2024 with plans for local manufacturing. |
Where we operate Operates primarily in India with supply sourced from Malaysia; expanding local manufacturing in Vadodara, Gujarat. |
Top products or what we offer Offers 108 textile printing ink products and 51 wood coating polymer products under the Silkflex brand. |
Top brands Silkflex textile printing inks and Silkflex wood coating polymers; exclusive brand rights in India. |
Raw materials needed Specialty chemicals and polymers sourced for manufacturing textile inks and wood coatings. |
Raw materials supplier Silkflex Polymers SDN BHD, Malaysia supplies products for trading and manufacturing. |
Recurring vs cyclical contribution Revenue primarily from recurring B2B sales of specialty chemicals; business growing with new manufacturing capabilities. |
Our industry position Emerging specialty chemicals player with exclusive distribution and manufacturing rights in India in textile and wood coatings. |
Financial highlights FY 2024-25 revenue ₹80.16 crores; net profit ₹7 crores; successfully raised ₹18.1 crores via IPO; steady growth versus prior year. |
Geographical revenue split Revenue mainly from Indian market; imports products from Malaysia and expanding domestic production. |
Order book - |
Whats driving growth Growth driven by market expansion in textile and wood coatings, local manufacturing investments, and IPO funding utilization. |
Our future plans Building new manufacturing unit at Savli near Vadodara to produce textile inks locally; goal to increase product portfolio and market share. |
Our green promise Focus on water-based coatings which are environmentally friendlier; ongoing commitment to sustainability in production. |
Our people and values Team of 31 employees; culture emphasizes ethics, transparency, and customer-centric innovation. |
Key challenges ahead Scaling local manufacturing, competition from established chemical suppliers, raw material price fluctuations. |
Interesting facts Only Indian company with exclusive rights to Silkflex brand products, bridging Malaysian expertise with Indian market needs. |
Risks and strategy Risks include supply chain dependencies and market competition; strategy focuses on in-house manufacturing and brand development. |
