How many total Petrochemicals companies are there in India?

As of July 2026, India has 365 active Petrochemicals companies.

How many Petrochemicals companies in India are funded?

As of July 2026, 10 companies have received funding in this sector.

What is the total funding raised by Petrochemicals companies in India?

Petrochemicals companies in India have collectively raised $53.8M in funding till date.

Who are the top investors in Petrochemicals companies in India?

The top investors in Petrochemicals companies in India by number of investments are TPG and Pheidon Capital.

List of 372 Petrochemicals Startups in India & Market Trends (Jul 2026)

The Petrochemicals sector in India comprises 372 companies, including 10 funded companies having collectively raised $53.8M in venture capital money and private equity. Out of these, 20 are Series A+ funded.

Petrochemicals sector in India has seen 5 acquisitions and 14 IPOs. This represents almost 5.1% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.

This sector includes companies providing specialized materials, engineering equipment, products, or consulting services within the Petrochemicals sector to optimize downstream enterprise and industrial applications.

Petrochemicals sector is also known as Petrochemicals Solutions, Petrochemicals Products or Advanced Petrochemicals.

Includes core manufacturing processes, standardized component supply channels, raw formulation mixes, and dedicated specialized technologies for Petrochemicals. Excludes generic mass consumer goods, non-specialized horizontal transport/logistics, and high-level general business consulting services.

Key Metrics

Total Companies

372

Top Companies

Haldia Petrochemicals, Dorf Ketal & more

Total Funding

$53.8M

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

Also known as

Petrochemicals Solutions or Petrochemicals Products

View complete details of this sector

There are 372 Petrochemicals startups in India which include Haldia Petrochemicals, Dorf Ketal, Rain Industries, CIL NOVA PETROCHEMICALS, Indo Amines. Out of these, 10 startups are funded, with 20 having secured Series A+ funding.

2026 has seen the creation of 1 Petrochemicals startup in India. Over the past 10 years, an average of 5 new companies have been launched annually.

1. Haldia Petrochemicals

Manufacturer of polyethylene products. It also produces motor spirit, LPG, motor spirit, benzene, butadiene, cyclopentane, and fuel oil. It provides products with a focus on safety and environmental considerations. It also has initiatives in technological innovation, safety, and environmental sustainability and recently obtained certifications like ISO.

Key facts about Haldia Petrochemicals

Founded Year: 1985
Location: Kolkata (India)
Stage: Late Stage
Investors: The Chatterjee Group, MCPI and 1 Other
Latest Funding Round: PE, 2015, $*****
Tracxn Score: 55/100 What is this?
Competitors Rank: 80 of 4,943 Competitors

2. Dorf Ketal

Manufacturer of specialty engineered chemistries for the refining and petrochemical industries. This business develops, commercializes, and applies chemical solutions for hydrocarbon and industrial sectors. The company provides technologies designed to support asset integrity, flow assurance, fuel efficiency, and water treatment processes. These chemical products are utilized in various industrial applications to optimize operational performance and support manufacturing requirements.

Key facts about Dorf Ketal

Founded Year: 1992
Location: Mundra (India)
Stage: Funding Raised
Tracxn Score: 52/100 What is this?

View full list of companies in this sector

3. Rain Industries

Key facts about Rain Industries

Founded Year: 1974
Location: Hyderabad (India)
Stage: Public
Tracxn Score: 47/100 What is this?

4. CIL NOVA PETROCHEMICALS

Key facts about CIL NOVA PETROCHEMICALS

Founded Year: 2003
Location: Ahmedabad (India)
Stage: Public
Tracxn Score: 43/100 What is this?

5. Indo Amines

Manufacturer of fine, specialty, performance, and perfumery chemicals along with active pharmaceutical ingredients. Products find application in various industries including pharmaceuticals, agrochemicals, fertilizers, petrochemicals, road construction, pesticides, dyes, and intermediates. The company operates unique processes, synthesis, and chemical reactions for the production of various chemicals developed through internal research and development. Technical competency and customer service support the delivery of chemical products for diverse industrial markets.

Key facts about Indo Amines

Founded Year: 1994
Location: Thane (India)
Stage: Public
Tracxn Score: 43/100 What is this?
Competitors Rank: 115 of 2,291 Competitors

Access the full list of 372 Petrochemicals Startups in India

Companies founded year-on-year in the Petrochemicals sector in India

1 new startup has been founded so far in 2026 in the Petrochemicals sector in India. 12 Petrochemicals startups in India were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	1
2025	-
2024	-
2023	9
2022	12
2021	7
2020	9
2019	4
2018	12
2017	3

Stage-wise distribution of Petrochemicals sector companies in India

Out of the total 372 Petrochemicals companies in India, 10 have secured funding. Among them, 20 have reached Series A or higher, and 20 to Series B or beyond.

Founded - 372

Funded - 10

Series A+ - 20

Series B+ - 20

Series C+ - 20

Company Stage	No. of companies
Founded	372
Funded	10
Series A+	20
Series B+	20
Series C+	20

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Recent Funding Rounds in Petrochemicals in India

In the year 2024, till November 2024, Petrochemicals companies in India have raised equity funding across 1 round.

Here are some recent, important funding rounds in Petrochemicals companies in India:

Company	Round Raised	Amount Raised	Funding Date	Investors
Arus MR Tech	Seed	9386	Nov 07, 2024	Enrission India Capital
Haldia Petrochemicals	PE	4647	2015	The Chatterjee Group

See a more detailed list of funding rounds

TPG is the top investor in Petrochemicals companies in India based on number of companies invested.

Here are some top investors in Petrochemicals companies in India:

Investor	Location	Top Portfolio Companies
TPG	Fort Worth (United States)	-
Pheidon Capital	Mumbai (India)	Shantech International
The Carlyle Group	Washington, DC (United States)	-
HVCF	Jaipur (India)	-

See a more detailed list of investors

In the year 2024, till November 2024, 1 acquisition happened in Petrochemicals sector in India.

Here are some recent, important acquisitions in Petrochemicals sector in India:

Company	Acquisition Type	Acquisition Date	Acquirers
Corrogard	Business Acquisition	Nov 27, 2024	LCM EDUCATION
JBF Petrochemicals	Business Acquisition	Oct 17, 2022	GAIL
filtraindia.com	Business Acquisition	Jan 04, 2016	Dorf Ketal
Monarch Catalyst	Business Acquisition	Mar 11, 2015	Evonik
Cetex	Business Acquisition	Nov 25, 2014	Wayne Burt Capital

See a more detailed list of acquisitions

Acquisition trends in Petrochemicals sector in India

Here are the acquisition trends in Petrochemicals sector in India:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	1
2023	-
2022	1
2021	-
2020	-
2019	-
2018	-
2017	-

In the year 2025, till December 2025, 1 IPO happened in Petrochemicals sector in India.

Here are some recent, important IPOs in Petrochemicals sector in India:

Company	IPO Date	Exchange Symbol
SundrexOil	Dec 30, 2025	National Stock Exchange (NSE)
Petro Carbon And Chemicals	Jul 02, 2024	National Stock Exchange (NSE)
Indo Amines	Apr 29, 2022	National Stock Exchange (NSE)
CIL NOVA PETROCHEMICALS	Jan 01, 2014	National Stock Exchange (NSE)
CIL NOVA PETROCHEMICALS	May 23, 2011	Bombay Stock Exchange (BSE)