| Industrial Chemicals | Manufacture and sale of Industrial Alcohol, Acetaldehyde, Acetic Acid, Monochloro Acetic Acid, and Carboxy Methyl Cellulose. | Long industry history, expanding product portfolio, and government project support. | B2B focus serving chemical, pharmaceutical, and manufacturing industries. | Specialty chemicals like Monochloro Acetic Acid with higher margins. | 1 | 100 | Sales of chemical products primarily to industrial customers on a transaction basis. | Direct sales at market-driven prices. | Rising industrial chemical demand, planned resumption of production post BOOT agreement. | |
| Renewable Energy | Development of solar energy projects through subsidiary ZR2 Solar Private Limited. | Early mover advantage under government BOOT scheme, strategic subsidiary structure. | B2B and government energy purchasers. | Solar project operations with long-term predictable cash flows. | 0 | 0 | Future earnings via project operations under BOOT model and energy sales. | Build-Own-Operate-Transfer (BOOT) agreements ensuring project revenue streams. | Government approvals, increasing renewable energy demand and policy incentives. | |
| Information Technology | IT services delivered through wholly-owned subsidiary Sera Code Private Limited. | Agility of a new subsidiary focusing on niche IT services. | B2B IT clients. | Custom IT solutions and software development. | 0 | 0 | Service contracts and technology solutions development revenue streams. | Service-based billing and contractual engagements. | Subsidiary incorporation in 2023, exploiting digital transformation trends. | |
