About Polymers sector in India
The Polymers sector in India comprises 1.14K companies, including 29 funded companies having collectively raised $53.3M in venture capital money and private equity. Out of these, 44 are Series A+ funded.
Polymers sector in India has seen 7 acquisitions and 31 IPOs.
Top Polymers Companies in India
There are 1,139 Polymers startups in India which include Polyplex, Sheela Group, Shri Jagdamba Polymers, Time Technoplast, Haldia Petrochemicals. Out of these, 29 startups are funded, with 44 having secured Series A+ funding.
Over the past 10 years, an average of 17 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Kharagpur and IIT Madras.
Here is the list of top Polymers startups in India
1. Polyplex
Key facts about Polyplex
- Founded Year: 1984
- Location: Noida (India)
- Stage: Public
- Tracxn Score: 68/100 What is this?
2. Sheela Group
Manufacturer of mattress and foam products. It produces several grades of memory foam and polyurethane foam for the furniture industry. It supplies the largest range of flexible open cell polyurethane foams. It provides products to a range of industries including bedding, furniture, medical, and specialist industrial applications.
Key facts about Sheela Group
- Founded Year: 1971
- Location: Noida (India)
- Stage: Public
- Investors: International Conveyors
- Latest Funding Round: Post IPO, Mar 21, 2024, $*****
- Tracxn Score: 59/100 What is this?
Shri Jagdamba Polymers is a manufacturer & trader of Polypropylene/Polyethylene Fabrics products. Offering range of products like PP Woven Bags, Fabric, FIBC, Box Bag, Siltfence, Geotextile, Ground Cover, Lumber Cover, etc. Exports more than 80% of products across USA, EUROPE and several other countries.
Key facts about Shri Jagdamba Polymers
- Founded Year: 1985
- Location: Ahmedabad (India)
- Stage: Public
- Tracxn Score: 57/100 What is this?
Key facts about Time Technoplast
- Founded Year: 1992
- Location: Mumbai (India)
- Stage: Public
- Investors: Motilal Oswal and Zephyr Peacock
- Tracxn Score: 56/100 What is this?
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: 27 of 2,176 Competitors
Companies founded year-on-year in the Polymers sector in India
36 Polymers 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 |
|---|---|
2026 | - |
2025 | 1 |
2024 | 6 |
2023 | 25 |
2022 | 16 |
2021 | 20 |
2020 | 36 |
2019 | 23 |
2018 | 24 |
2017 | 21 |
Stage-wise distribution of Polymers sector companies in India
Out of the total 1,139 Polymers companies in India, 29 have secured funding. Among them, 44 have reached Series A or higher, and 41 to Series B or beyond.
Founded - 1,139
Funded - 29
Series A+ - 44
Series B+ - 41
Series C+ - 41
Company Stage | No. of companies |
|---|---|
Founded | 1,139 |
Funded | 29 |
Series A+ | 44 |
Series B+ | 41 |
Series C+ | 41 |
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 Polymers sector in India
Total funding year-on-year in the Polymers sector in India
The Polymers sector in India saw a total funding of more than $6.74M in the last 10 years. The most amount of funding was in 2024 at more than $2.63M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $2.63M |
2023 | $85K |
2021 | - |
2017 | $308K |
Recent Funding Rounds in Polymers in India
In the year 2024, till October 2024, Polymers companies in India have raised $2.24M in equity funding across 2 rounds.
Here are some recent, important funding rounds in Polymers companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Unattributed | 8425 | Oct 21, 2024 | ||
Seed | 7745 | Jun 17, 2024 | ||
PE | 8352 | 2015 | ||
Unattributed | 3107 | Mar 31, 2014 | and 4 more | |
Unattributed | 6089 | Mar 31, 2013 |
Top Investors in Polymers in India
Tushar India is the top investor in Polymers companies in India based on number of companies invested.
Here are some top investors in Polymers companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Delhi (India) | ||
Tokyo (Japan) | - | |
Kolkata (India) | ||
New York City (United States) | - | |
Gandhinagar (India) |
_1573711465624.jpeg?devicePixelRatio=2&height=20&width=20){kind=logo}
_1528275871590.jpg?devicePixelRatio=2&height=20&width=20){kind=logo}
M&A activity in Polymers sector in India
In the year 2022, till May 2022, 2 acquisitions happened in Polymers sector in India. Last year, in 2021, a total of 3 acquisitions happened in Polymers sector in India.
Here are some recent, important acquisitions in Polymers sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 10, 2022 | ||
Business Acquisition | Mar 21, 2022 | ||
Business Acquisition | Nov 09, 2021 | ||
Business Acquisition | May 13, 2021 | ||
Business Acquisition | Apr 27, 2021 | and 1 more |
Acquisition trends in Polymers sector in India
Here are the acquisition trends in Polymers sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 2 |
2021 | 3 |
2020 | - |
2019 | - |
2018 | - |
2017 | 1 |
IPOs in Polymers in India
In the year 2025, till February 2025, 1 IPO happened in Polymers sector in India.
Here are some recent, important IPOs in Polymers sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 21, 2025 | Bombay Stock Exchange (BSE) | |
May 15, 2024 | National Stock Exchange (NSE) | |
Aug 04, 2023 | National Stock Exchange (NSE) | |
Jan 24, 2023 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
May 24, 2022 | National Stock Exchange (NSE) |
Colleges which produce the most Polymers companies in India
Companies founded by alumni from top colleges in the Polymers in India
Most number of Polymers startups in India have been founded by alumni from IIT Kharagpur and IIT Madras.
College | No. of companies |
|---|---|
IIT Kharagpur | 1 |
IIT Madras | 1 |
Top News in Polymers in India
•
Ester Ind Standalone September 2025 Net Sales at Rs 260.00 crore, down 12.77% Y-o-YMoneycontrol•Nov 24, 2025•Ester Industries
•
Ester Industries rides polymer momentum despite Q2 FY26 net lossBusiness News Today•Nov 17, 2025•Ester Industries
•
Kesoram plans to raise funds from Tata Cap to refinance its Rs 1,500-crore debtB2BCHIEF.COM•Feb 13, 2024•Kesoram Industries
•
Xpro India Limited announces capital raising plan to bolster global positionBusiness News Today•Dec 19, 2023•Xpro India
•
•
Kesoram plans to infuse fresh capital of Rs 60 crore for Cygnet turnaroundBusiness Standard•Jun 15, 2023•Cygnet Infotech, Kesoram Industries
•
Kesoram inks pact with Japan's Futamura Group for venture in transparent paper businessThe Telegraph•Jun 15, 2023•Kesoram Industries, Futamura
•
•
Stabilization technology provides durable HDPE for blow moldingescapefromwithin.com•Nov 23, 2022•Envision Plastics, Baerlocher
•
NetApp’s Storage Solutions Help Sheela Foam Sleep Better at NightNCNOnline•Nov 09, 2022•NetApp, Sheela Group
