What we do Sudarshan Chemical Industries Limited is a leading Indian pigment manufacturer producing organic, inorganic, and effect pigments for coatings, plastics, inks, and cosmetics worldwide. |
Founded in 1,951 |
Market share Largest pigment producer in India; among top global pigment companies after acquiring Heubach Group in 2025. |
Problem solved Provides high-quality pigments enabling vibrant colors and durability in industrial applications like coatings and plastics, addressing customer demands for specialty colorants. |
Top clients or who we serve Serves global customers in coatings, plastics, inks, cosmetics; B2B businesses worldwide with 4,000+ customers across 100+ countries. |
Key management - |
Our journey and innovations Established in 1951, diversified into pesticides and advanced pigments by 1991 with Japanese tech; expanded global footprint with subsidiaries and major acquisitions. |
Where we operate Operates in India with facilities in Roha and Mahad, plus subsidiaries in Europe, USA, Mexico, Japan, China, and worldwide export presence. |
Top products or what we offer Wide range of organic, inorganic, effect pigments, pigment preparations, solvent dyes, digital inks, agrochemicals for diverse industries. |
Top brands Flagship Pigment Violet 23, Yellow 138, Complex Inorganic Color Pigments, plus 60 brands globally recognized in pigments category. |
Raw materials needed Uses chemical intermediates, raw materials from global suppliers; sources raw materials locally and internationally for pigment production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenues mainly recurring from pigment sales; somewhat cyclical influenced by industrial demand and global economic conditions. |
Our industry position Ranked top two globally post-Heubach acquisition; one of the fastest growing and most profitable pigment companies worldwide. |
Financial highlights FY2024 revenue ₹2141.43 crore, PAT ₹335.12 crore; consolidated income ₹2555.86 crore with improving EBITDA and dividend payouts. |
Geographical revenue split FY2025 revenue split: ₹1499.02 crore India, ₹1846.56 crore outside India, indicating strong international market. |
Order book - |
Whats driving growth Growth driven by global expansion, product innovation, integrations from acquisitions, and increasing exports despite market softness. |
Our future plans Invested ₹750 crore capex in FY2023, expanding capacity and launching new pigments; continuing global integration post-Heubach acquisition. |
Our green promise ISO 14001 certified with strong focus on environment, safety, and sustainability policies across manufacturing facilities. |
Our people and values Over 1,270 employees with a culture emphasizing customer centricity (Sevā), agility, and inclusion fostering innovation. |
Key challenges ahead Challenges include market demand softness, inventory destocking effects, tariff impacts, and global economic uncertainties. |
Interesting facts Acquired Heubach Group in 2025, creating a global pigment leader with a 75+ year legacy and 695-product portfolio. |
Risks and strategy Risks from geopolitical issues and raw material sourcing mitigated by diversified markets, robust R&D, and strategic acquisitions. |
