Dorf-Ketal Chemicals India Limited - IPO

Incorporated in 1992, Dorf-Ketal Chemicals India Limited is engaged in the business of manufacturing and supplying of specialty chemicals across the hydrocarbons and industrial supply chains, including the oil and gas, refining and petrochemicals industries.

The company’s specialty chemicals portfolio includes hydrocarbons-related chemicals like oil field, refinery, and fuel additives, as well as industrial chemicals like organometallic titanates, PVF, OBA, and lubricant additives.

As of October 31, 2024, the company operates 16 manufacturing facilities in four countries, including eight in India, with 542 global patents, including 99 in the U.S., and 29 in India.

The company operates R&D facilities in India, Singapore, Canada, and Brazil, developing proprietary technologies like ACtify®, TANSCIENT™, and HCR-7000 for sustainability.

During the six months ended September 30, 2024, the company served 1,322 customers through 16 facilities worldwide. The top 10 customers contributed 33.03% of the company’s revenue during this period.

Products and Services:

• Specialty Chemicals for Hydrocarbons: The company provides specialty chemicals for oilfields, fuel additives, refinery processes, and petrochemicals, including corrosion inhibitors, demulsifiers, antioxidants, dehazers, and Actify® solutions to improve efficiency and product quality.
• Industrial Specialty Chemicals: The company provides industrial specialty chemicals, including organometallic titanates, PVF for coatings, optical brighteners for fabrics and paper, and lubricant additives to enhance performance and extend life in various applications.

As of September 30, 2024, the company had 1,981 full time employees and 1,093 Contract workers.

Competitive Strengths:

• Notable market presence with a diverse portfolio of products for specialty chemicals catering to various industries and geographies.
• Strong R&D capabilities driving product innovation based on customer needs.
• Long-standing and strong relationships with the customers.
• Global network of manufacturing facilities.
• Proven track record of acquiring and integrating businesses.
• Track record of delivering growth and profitability.