About Balaji Speciality Chemicals
Balaji Speciality Chemicals is a Chemicals & Materials company based in Solapur (India). It manufactures speciality chemicals for agrochemicals, pharmaceuticals, and other industries in India. It operates on a B2B model. The company has 145 employees. Its Indian entity Balaji Speciality Chemicals Limited reported revenue of ₹325 Cr. Balaji Speciality Chemicals offers products and services including Ethylenediamine (EDA), Piperazine (Anhydrous), Diethylenetriamine (DETA), Aminoethyl Ethanolamine (AEEA), and Aminoethyl Piperazine (AEP). Its focus areas include Chemicals, Agrochemicals, Import Substitutes and Speciality Chemicals.
Company details
Balaji Speciality Chemicals Limited produces niche chemicals such as Ethylenediamine and Diethylenetriamine using the Monoethanol Amine process. These products serve as import substitutes in speciality chemicals, agrochemicals, and pharmaceuticals sectors. Based in Solapur, Maharashtra, India, the company commenced commercial production in 2019 with a capacity of 30,000 MTPA and exports to the European Union. It operates as a subsidiary of Balaji Amines Limited, focusing on scaling operations and serving industrial clients globally.
- Headquarters Solapur, India
- Employees 145
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website balajispecialitychemicals.com
- Legal Name Balaji Speciality Chemicals Limited
- Date of Incorporation 20 Aug, 2010
- Jurisdiction Solapur, Maharashtra, India
- Annual Revenue₹325 Cr
FY 2024 · -59% YoY
- Net Profit₹61.00 Cr
FY 2024 · 19% margin
- EBITDA₹86.00 Cr
FY 2024 · 26% margin
- Employee Count145
Associated legal entities of Balaji Speciality Chemicals
Balaji Speciality Chemicals is associated with 2 registered companies on The Company Check; the primary company is Balaji Speciality Chemicals Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Balaji Speciality Chemicals Limited CIN U24299PN2010PLC137162 | Active | 20 Aug 2010 | Solapur, Maharashtra | ₹325 Cr | 145 | 7 | View details |
| Balaji Amines Limited Listed CIN L24132MH1988PLC049387 | Active | 27 Oct 1988 | Solapur, Maharashtra | ₹1,454 Cr | 1,098 | 10 | View details |
Products & Services of Balaji Speciality Chemicals
Balaji Speciality Chemicals offers a comprehensive portfolio of products and services, including Ethylenediamine (EDA), Piperazine (Anhydrous), Diethylenetriamine (DETA), Aminoethyl Ethanolamine (AEEA), and Aminoethyl Piperazine (AEP).
Niche chemical used in agrochemicals and pharmaceuticals applications.
Chemical for speciality and pharmaceutical industry uses.
Product serving agrochemicals and export markets.
Chemical applied in pharmaceuticals and related sectors.
Niche product for industrial chemical applications.
Board of directors of Balaji Speciality Chemicals Limited (Balaji Speciality Chemicals)
Balaji Speciality Chemicals Limited is the primary company behind Balaji Speciality Chemicals. The boards of the 2 registered companies of Balaji Speciality Chemicals currently have 11 directors; the longest-serving is Rajeshwar Reddy Nomula, appointed in 1988. 38 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajeshwar Reddy Nomula DIN 00003854 | Whole-time director | 16 Nov 1988 | 37 yrs 11 mo | Balaji Amines Limited, Balaji Speciality Chemicals Limited |
| Ram Reddy Dundurapu DIN 00003864 | Managing Director | 15 Jan 1989 | 37 yrs 9 mo | Balaji Amines Limited |
| Pratap Reddy Ande DIN 00003967 | Whole-time director | 01 Apr 2013 | 13 yrs 7 mo | Balaji Amines Limited, Balaji Speciality Chemicals Limited |
| Ande Srinivas Reddy DIN 03169721 | Whole-time director | 30 Sep 2013 | 13 yrs 1 mo | Balaji Amines Limited |
| Hemanth Reddy Gaddam DIN 00003868 | Whole-time director | 14 Apr 2016 | 10 yrs 6 mo | Balaji Speciality Chemicals Limited |
| Rajendrakumar Mohanprasad Tapadiya DIN 00103949 | Director | 09 May 2018 | 8 yrs 6 mo | Balaji Speciality Chemicals Limited |
| Amarender Reddy Minupuri DIN 05182741 | Director | 18 Apr 2022 | 4 yrs 6 mo | Balaji Speciality Chemicals Limited |
| Suhasini Yatin Shah DIN 02168705 | Director | 20 May 2023 | 3 yrs 5 mo | Balaji Amines Limited, Balaji Speciality Chemicals Limited |
| Uma Rajiv Pradhan DIN 10096017 | Director | 20 May 2023 | 3 yrs 5 mo | Balaji Amines Limited |
| Mohan Kumar Ramakrishna DIN 10168247 | Director | 20 May 2023 | 3 yrs 5 mo | Balaji Amines Limited |
| Rao Seshagiri Adabala DIN 09608973 | Director | 20 May 2023 | 3 yrs 5 mo | Balaji Amines Limited |
Financials of Balaji Speciality Chemicals
Figures of Balaji Speciality Chemicals Limited, the primary company behind Balaji Speciality Chemicals, for FY 2024. Revenue was ₹325 Cr (-59% year on year). Net profit was ₹61.00 Cr (19% margin). EBITDA was ₹86.00 Cr (26% margin). Revenue has grown at a compounded annual rate of +22% over three years and +381% over five years.
- ₹325 CrRevenue · FY 2024 · -59% YoY
- ₹61.00 CrNet profit · 19% margin
- ₹86.00 CrEBITDA · 26% margin
- ₹40.00 CrPaid-up capital
- 145Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +381%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Balaji Speciality Chemicals Limited are on its company page.
Detailed financial statements for Balaji Speciality Chemicals
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Top companies in Petrochemicals & Derivatives
3 companies that operate in the same segment as Balaji Speciality Chemicals (Petrochemicals & Derivatives) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Produces and supplies specialty chemicals for energy, petrochemicals, and industrial applications worldwide. | 1992 | Mumbai, Maharashtra, India | USD 479.49 M | 976 | ||
Polybutene-based petrochemicals are produced by the company. | 1990 | Chennai, Tamil Nadu, India | USD 62.67 M | 194 | ||
Calcined petroleum coke, coal tar, and specialty chemicals are produced. | 1974 | Hyderabad, Telangana, India | USD 1.88 B | 2,390 |
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Frequently Asked Questions about Balaji Speciality Chemicals
Balaji Speciality Chemicals is headquartered in Solapur, India. It is registered at Solapur, Maharashtra, India.
Balaji Speciality Chemicals has 145 employees.
The primary company behind Balaji Speciality Chemicals, Balaji Speciality Chemicals Limited, reported revenue of ₹325 Cr for FY 2024, down 59% year on year.
Balaji Speciality Chemicals Limited produces niche chemicals such as Ethylenediamine and Diethylenetriamine using the Monoethanol Amine process. These products serve as import substitutes in speciality chemicals, agrochemicals, and pharmaceuticals sectors. Based in Solapur, Maharashtra, India, the company commenced commercial production in 2019 with a capacity of 30,000 MTPA and exports to the European Union. It operates as a subsidiary of Balaji Amines Limited, focusing on scaling operations and serving industrial clients globally.
Balaji Speciality Chemicals offers Ethylenediamine (EDA), Piperazine (Anhydrous), Diethylenetriamine (DETA), Aminoethyl Ethanolamine (AEEA), and Aminoethyl Piperazine (AEP).
Balaji Speciality Chemicals is associated with 2 legal entities: Balaji Speciality Chemicals Limited, Balaji Amines Limited.
The legal entities of Balaji Speciality Chemicals currently have 14 directors, including Ande Srinivas Reddy, Ram Reddy Dundurapu, Pratap Reddy Ande and others.