Mehul Colours Limited - IPO

Incorporated in 1995, Mehul Colours & Masterbatches Pvt. Ltd., is engaged in the manufacturing and exporting of masterbatches in India.

The company offers a diverse range of products, including white, black, color, and additive masterbatches, catering to various applications in plastics, rubbers, and elastomers.

The company's operates two facilities in Tungareshwar Industrial Estate, Vasai East, Mumbai, with capacities of 10,56,000 kg and 2,28,000 kg, each covering 3,200 sq. ft. of built-up area.

Mehul Colours manufactures masterbatches and sells customized pigments, contributing 81.56% and 18.44% of revenue (Rs. 1,081 lakhs) in H1 2024, and 82.29% and 17.71% (Rs. 2,193.64 lakhs) in 2023-24.

Products Offering:

• Masterbatches: They produces masterbatches—pigment and additive mixtures in polymers—for uniform color and enhanced properties like UV resistance, flame retardancy, and anti-static behavior in plastic products.
• Pigments: They manufactures pigments—organic for bright, vivid colors and inorganic for durability and heat resistance—used in plastics for uniform coloration, stability, and resistance in various industries.

As of February 28, 2025, the company had a total of 31 permanent employees in the Company.

Competitive Strengths:

• In-house manufacturing facilities with integrated testing & R&D capabilities
• Well diversified customer base spread across various industries & geography
• Long term relationship with the customers
• Experienced Promoters with Industry Expertise