About Chemicals and Materials sector in India
The Chemicals and Materials sector in India comprises 7.36K companies, including 431 funded companies having collectively raised $12.8B in venture capital money and private equity. Out of these, 680 are Series A+ funded.
Chemicals and Materials sector in India has seen 100 acquisitions and 535 IPOs. This represents almost 8.6% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes companies manufacturing and distributing traditional chemicals and materials, as well as those providing offline services to such manufacturers and distributors.
Companies manufacturing and distributing traditional chemicals and materials, as well as those providing offline services to such manufacturers and distributors are included in this sector. Companies providing green and advanced chemicals and materials, nanomaterials as well as those provide software solutions and tech heavy hardware to such manufacturers and sellers are excluded.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Acquisitions
Top Chemicals and Materials Companies in India
There are 7,365 Chemicals and Materials startups in India which include Indigo Paints, Asian Paints, DFPCL, Scimplify, Safex Chemicals. Out of these, 431 startups are funded, with 680 having secured Series A+ funding.
Over the past 10 years, an average of 120 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Kanpur.
Here is the list of top Chemicals and Materials startups in India
Manufacturer of paints. It offers products like emulsions, enamels, primers, wall paints etc., The company focuses on delivering & servicing the customers with entire range of decorative paint and wood coatings.
Key facts about Indigo Paints
- Founded Year: 2000
- Location: Pune (India)
- Stage: Public
- Total Funding till date: $23.1M
- Investors: Peak XV Partners, Halogenchemicals and 44 Others
- Latest Funding Round: Series B, Feb 24, 2016, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 224 Competitors
2. Asian Paints
Manufacturer of industrial and decorative paints.The company also offers services like color consultancy, using tools such as their Color Visualizer app, and provides end-to-end home painting solutions including design and renovation services. The paints inlcude enamel, oil, emulsion, synthetic rubber, bituminous, and more. It also provides services such as personalized interior designs, wall painting.
Key facts about Asian Paints
- Founded Year: 1942
- Location: Mumbai (India)
- Stage: Public
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 11 of 5,749 Competitors
3. DFPCL
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate. The company produces industrial chemicals adhering to quality standards. It manufactures technical ammonium nitrate and explosive grade low prilled ammonium nitrate. The company also produces NPK and specialty fertilizers under its flagship brand. It has a retail real estate center for design and interiors.
Key facts about DFPCL
- Founded Year: 1979
- Location: Pune (India)
- Stage: Public
- Investors: Capital Group, Societe Generale and 4 Others
- Latest Funding Round: Post IPO, Oct 22, 2021, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 3 of 2,419 Competitors
4. Scimplify
Manufacturer of specialty chemicals, integrating R&D and manufacturing. It provides chemical research, development, and manufacturing services. The company offers custom formulations and scalable commercial solutions for various industries. Its services encompass the entire chemical development process, from concept to market. A network of manufacturing partners ensures reliable and efficient production. The company also offers seamless collaboration tools for efficient supply chain management.
Key facts about Scimplify
- Founded Year: 2023
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $54.2M
- Investors: 3one4 Capital, Accel and 19 Others
- Latest Funding Round: Series B, Mar 12, 2025, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 3 of 558 Competitors
Manufacturer of agrochemicals for crop protection. It offers a wide range of products including agrochemical molecules, crop protection formulations, pesticides, herbicides, fungicides, plant growth regulators, micronutrient fertilizers, fumigants, and home insecticide actives.
Key facts about Safex Chemicals
- Founded Year: 1991
- Location: Delhi (India)
- Stage: Late Stage
- Total Funding till date: $88.8M
- Investors: ChrysCapital, BanyanTree Finance and 51 Others
- Latest Funding Round: PE, Sep 05, 2022, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 118 Competitors
Companies founded year-on-year in the Chemicals and Materials sector in India
195 Chemicals and Materials startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 5 |
2024 | 36 |
2023 | 112 |
2022 | 132 |
2021 | 143 |
2020 | 195 |
2019 | 173 |
2018 | 173 |
2017 | 142 |
2016 | 89 |
Stage-wise distribution of Chemicals and Materials sector companies in India
Out of the total 7,365 Chemicals and Materials companies in India, 431 have secured funding. Among them, 680 have reached Series A or higher, and 652 to Series B or beyond.
Founded - 7,365
Funded - 431
Series A+ - 680
Series B+ - 652
Series C+ - 646
Company Stage | No. of companies |
|---|---|
Founded | 7,365 |
Funded | 431 |
Series A+ | 680 |
Series B+ | 652 |
Series C+ | 646 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Chemicals and Materials sector in India
Total funding year-on-year in the Chemicals and Materials sector in India
The Chemicals and Materials sector in India saw a total funding of more than $8.53B in the last 10 years. The most amount of funding was in 2021 at more than $4.56B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $64.5M |
2024 | $416M |
2023 | $234M |
2022 | $230M |
2021 | $4.56B |
2020 | $198M |
2019 | $44.2M |
2018 | $2.24B |
2017 | $139M |
Recent Funding Rounds in Chemicals and Materials in India
In the year 2025, till September 2025, Chemicals and Materials companies in India have raised $75.6M in equity funding across 7 rounds.
In the same period last year (i.e. till September 2024), Chemicals and Materials companies in India had raised $63.2M across 12 rounds.
So, 2025 has seen a 19.67% rise in funding in Chemicals and Materials companies in India as compared to 2024.
Here are some recent, important funding rounds in Chemicals and Materials companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 7344 | Sep 23, 2025 | ||
Seed | 2490 | Jun 24, 2025 | ||
Unattributed | 4750 | Apr 22, 2025 | ||
Series A | 5123 | Apr 11, 2025 | ||
Angel | 8238 | Mar 31, 2025 |
Top Investors in Chemicals and Materials in India
BIRAC is the top investor in Chemicals and Materials companies in India based on number of companies invested.
Here are some top investors in Chemicals and Materials companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Delhi (India) | ||
Washington, DC (United States) | ||
Sao Paulo (Brazil) | - | |
London (United Kingdom) | ||
Mumbai (India) |
M&A activity in Chemicals and Materials sector in India
In the year 2025, till November 2025, 6 acquisitions happened in Chemicals and Materials sector in India. Last year, in 2024, a total of 8 acquisitions happened in Chemicals and Materials sector in India.
Here are some recent, important acquisitions in Chemicals and Materials sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 08, 2025 | ||
Business Acquisition | Jun 27, 2025 | ||
Business Acquisition | Jun 12, 2025 | ||
Business Acquisition | May 05, 2025 | ||
Business Acquisition | Jan 29, 2025 |
Acquisition trends in Chemicals and Materials sector in India
Here are the acquisition trends in Chemicals and Materials sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 2 |
2024 | 8 |
2023 | 14 |
2022 | 14 |
2021 | 13 |
2020 | 11 |
2019 | 4 |
2018 | 7 |
2017 | 4 |
2016 | 4 |
IPOs in Chemicals and Materials in India
In the year 2025, till December 2025, 27 IPOs happened in Chemicals and Materials sector in India.
Here are some recent, important IPOs in Chemicals and Materials sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 10, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Dec 09, 2025 | National Stock Exchange (NSE) | |
Dec 08, 2025 | National Stock Exchange (NSE) | |
Oct 17, 2025 | Bombay Stock Exchange (BSE) | |
Oct 06, 2025 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Chemicals and Materials companies in India
Companies founded by alumni from top colleges in the Chemicals and Materials in India
Most number of Chemicals and Materials startups in India have been founded by alumni from IIT Bombay, BITS Pilani and IIT Kanpur.
College | No. of companies |
|---|---|
IIT Bombay | 4 |
BITS Pilani | 3 |
IIT Kanpur | 3 |
IIT Kharagpur | 3 |
IIT Roorkee | 3 |
Indian School of Business | 3 |
IIM Calcutta | 2 |
University of Delhi | 2 |
Anna University | 1 |
Carnegie Mellon University | 1 |
Total funding in Chemicals and Materials companies founded by alumni from top colleges in India
In the last 10 years, IIT Madras graduates' Chemicals and Materials companies in India have raised the most funding among top colleges. IIT Bombay alumni are second, and Carnegie Mellon University alumni are third.
College | Total Funding |
|---|---|
IIT Madras | $54.2M |
IIT Bombay | $38M |
Carnegie Mellon University | $30M |
IIT Kanpur | $23.4M |
University of Chicago | $23.1M |
BITS Pilani | $22.5M |
Indian Institute of Science | $4.87M |
University of Pennsylvania | $4.87M |
IIM Calcutta | $1.54M |
IIT Delhi | $312K |
Top News in Chemicals and Materials in India
•
•
Privi Special Standalone June 2025 Net Sales at Rs 566.36 crore, up 28.38% Y-o-YMoneycontrol•Aug 01, 2025•Privi
•
Berger Paints reports N3.1 billion in Q2 sales as profit jumps on lower costsNairametrics•Jul 29, 2025•Berger Paints
•
Tata Group Breaks Ground on Electric Arc Furnace in Port TalbotWebwire•Jul 15, 2025•Tata Steel, Tenova
•
•
Anupam Rasayan India Limited Reports Q4 & FY25 ResultsBusiness News This Week•May 26, 2025•Anupam Rasayan
•
•
•
Privi Special Standalone December 2024 Net Sales at Rs 498.20 crore, up 24.21% Y-o-YMoneycontrol•Feb 17, 2025•Privi
•
HLE Glascoat maintains stable growth amid strategic acquisitions and strong order bookBusiness News Today•Feb 11, 2025•HLE Glascoat, CleanMax
