In order to set up any business, capital is a must. Capital only helps to set up the business and function it in the long run. The amount of capital of a business helps to expand the business. Capital refers to the assets or the financial cost of the assets such as funds deposit, cash at bank, land & building, plant and machinery and much more. A business can earn capital through the assumption of debt. Debt capital can easily be raised through friends, family, relatives, financial institutions and insurance companies and much more. The capital of the company is also based on the money raised through the sale of shares. Capital in this method is usually raised through equity shares and preference shares. Here are the top 10 largest chemical companies in India by market capital in 2019.
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10. Gujarat Heavy Chemicals Limited
The Gujarat Heavy Chemicals Limited is a chemical company under the Dalmia Group. The company was brought to life in the year 1983 and has since then produced excellent products and delivered it not only in India but also abroad. The company is well recognised as a diversified company with its strong foothold in the chemical market. The company mainly focuses on manufacturing of soda ash that is a primary raw material for detergents and Glass industries as well as with sodium bicarbonate. The company apart from producing chemicals also produces textiles.
9. Vinati Organics Limited
Vinati organics limited is a company that was established in the year 1989. The company is a special company that focuses on the production of chemicals and organic intermediaries. The company tries to meet the customer demand and combines dedication with chemistry to achieve it. The company has two manufacturing plants, one at Mahad and another at Ratnagiri. The company is the second largest producer of Iso Butyl Benzene in the world. The company has a worldwide market base and is recognised in more than 20 different countries across Europe, Asia, and the US.
8. Aarti Industries Limited
Aarti Industries Limited is a public limited company that was established in the year 1975 with its headquarters in Mumbai. The company in its early days was named “Alchemie Labs” and used to manufacture dimethyl sulfate. The company has its nerve center in Mumbai. The annual revenue of the company is nearly INR 12,544.25 million. It employs nearly 4,700. Aarti Industries also has Aarti Corporate Services Ltd and Aarti Healthcare Ltd acting as its subsidiaries.
7. Linde India Limited
Linde India Limited is a part of the Linde Group. It is a German multinational chemical company that was established in 1879. The company was established by Carl Von Linde with its headquarters in Munich. Aldo Bellini is the President of the company. Linde produces Industrial gas, alkene, natural gas, air separation plants and much more. The annual revenue of the firm is 16,542 billion euros and profit being 1,554 billion euros. The company also gives employment to nearly 59,454 people worldwide.
6. BASF India
BASF India is a subsidiary of the German Multinational chemical company BASF SE. It is also the largest chemical producing company in the world. The BASF is a joint venture with more than 80 countries around this world with production facilities counting to 360. The company was founded in the year 1865 with its nerve center in Ludwigshafen, Germany.
The company is currently controlled by Jurgen Hambrecht who is the chairperson of the company. The company’s long-range of the product include Chemicals, plastics, coatings, catalysts, crop technology, natural gas and crude oil. It has a long list of production which eventually fetches the company an annual revenue of about 57.25 billion Euros. It also has a very strong employee base of 115,545.
5. Solar Industries Limited
Solar industries limited is a company that was established in the year 1995 by Shri Satyanarayan Nandlal Nuwal Group. It a leading company with a worldwide marketplace in industrial explosives. With a perfect achievement in mining and infrastructural sectors, the company is aimed at delivering innovation and experience. The company produces industrial explosives and detonators and cast boosters. The world’s largest cartridge producing has its headquarters in Chakdoh, Nagpur. The company has a foothold in more than 40 countries.
4. Gujarat Fluorochemicals Limited
Gujarat Fluorochemicals Limited is a public limited company that was established in 1987 with its headquarters in Uttar Pradesh. The company focuses on the production of industrial Glasses. it is the world’s largest producer of chloromethanes, refrigerants, and Polytetrafluoroethylene. The company employs more than 8000 people in order serve the distribution centers in 50 different countries. The company is a part of the Inox Leasing and Finance Company.
UPL is the acronym of United Phosphorus Limited was brought to life in the year 1985 named as Vishwanath Commercials Limited. The company produces pesticides, fungicide and Herbicides to foster the agricultural growth in the country. At United Phosphorus Limited, farmers are given the best products so that they can in return grow crops in abundance. UPL’s mission is to manufacture and supply crop pesticides to every country in the world by optimizing farm productivity by producing innovative and cost-effective products.
2. TATA Chemicals Limited
The second largest chemical company in India is the TATA chemicals. It is a subsidiary of the Tata group of companies. It is a global company with its interest in a chemical being supreme. It was established in the year 1939 with its headquarters in Mumbai. Formed by J.R.D. Tata, the company is regarded as one of the largest chemical companies in the world with its units being in India and Africa. The production list of TATA Chemicals India limited include chemicals, nitrogenous and phosphatic fertilisers, coatings and crop nutrients. The annual revenue of the firm is over 15,211 crore and provides employment opportunities to more than 4,544 people.
Topping our list of top 10 largest chemical companies in India by market capitalisation is Pidilite. Pidilite Industries is an Indian based adhesive manufacturing company which also produces construction chemicals. It is a public limited company that was established in the year 1959 with its headquarters in Andheri, Mumbai. The company was founded by Balvant Parekh and is today headed by Bharat Puri. One famous product manufactured by pidilite is Fevicol. The company has an annual revenue of around 5,544.2 crores and has a significant employee base of 4,254.
These are the top 10 largest chemical manufacturing countries in India by market capitalisation. Most of these companies are Indigenous while some of them are foreign companies. The product produced by these companies are also in great demand in the world market because of the quality they serve.