About Madhu Silica
Madhu Silica is a company based in Bhavnagar (India) founded in 1987.. Madhu Silica has raised $12.51 million across 3 funding rounds from investors including R V Shah Family Trust, Darshak Finstock and Darshak Shah. The company has 1,104 employees as of March 29, 2025. Madhu Silica offers products and services including Precipitated Silica, Dental Silica, Detergent Silica, Cosmetics Silica, and Paints Silica.
- Headquarter Bhavnagar, India
- Employees 1104 as on 29 Mar, 2025
- Stage Minicorn
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Sectors
Chemicals & Materials
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Email
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Phone
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Website
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Social
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- Legal Name Madhu Silica Private Limited
- Date of Incorporation 20 Oct, 1987
- Jurisdiction Bhavangar, Gujarat, India
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Annual Revenue
$192.62 M (USD)-4.34as on Mar 31, 2024
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Net Profit
$43 M (USD)5.43as on Mar 31, 2024
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EBITDA
$44.36 M (USD)-6.9as on Mar 31, 2024
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Total Equity Funding
$12.51 M (USD)
in 3 rounds
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Latest Funding Round
$5.38 M (USD), Unspecified
Aug 04, 2011
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Investors
R V Shah Family Trust
& 3 more
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Employee Count
1104
as on Mar 29, 2025
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Products & Services of Madhu Silica
Madhu Silica offers a comprehensive portfolio of products and services, including Precipitated Silica, Dental Silica, Detergent Silica, Cosmetics Silica, and Paints Silica. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Used for reinforcement in tyres and rubber applications.
Enhances functional performance in toothpaste formulations.
Provides anticaking and free flow properties in laundry products.
Offers water repellency and shine control in cosmetic formulations.
Improves glow reduction and anti-settling in paints and coatings.
Funding Insights of Madhu Silica
Madhu Silica has successfully raised a total of $12.51M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $5.38 million completed in August 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $5.4M
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First Round
First Round
(26 Nov 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2011 | Amount | Unspecified - Madhu Silica | Valuation | R V Shah Family Trust , Darshak Finstock | |
| Dec, 2009 | Amount | Unspecified - Madhu Silica | Valuation | Darshak Finstock | |
| Nov, 2008 | Amount | Unspecified - Madhu Silica | Valuation | Darshak Finstock |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Madhu Silica
Madhu Silica has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include R V Shah Family Trust, Darshak Finstock and Darshak Shah. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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DS
Darshak Shah |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Madhu Silica
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Madhu Silica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Madhu Silica Comparisons
Competitors of Madhu Silica
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Madhu Silica
Frequently Asked Questions about Madhu Silica
When was Madhu Silica founded?
Madhu Silica was founded in 1987 and raised its 1st funding round 21 years after it was founded.
Where is Madhu Silica located?
Madhu Silica is headquartered in Bhavnagar, India. It is registered at Bhavnagar, Gujarat, India.
Is Madhu Silica a funded company?
Madhu Silica is a funded company, having raised a total of $12.51M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $3.05M, raised on Nov 26, 2008.
How many employees does Madhu Silica have?
As of Mar 29, 2025, the latest employee count at Madhu Silica is 1,104.
What is the annual revenue of Madhu Silica?
Annual revenue of Madhu Silica is $192.62M as on Mar 31, 2024.
What does Madhu Silica do?
Precipitated silicas and silicates have been produced since 1987 in Bhavnagar, India, serving sectors such as tires, rubber, oral care, detergents, pharmaceuticals, cosmetics, paints, coatings, paper, animal feed, and pesticides. Functional attributes including dispersion enhancement, anticaking effects, and optical improvements are delivered across these uses. Operations are backed by a research and development center focused on product innovation.
What products or services does Madhu Silica offer?
Madhu Silica offers Precipitated Silica, Dental Silica, Detergent Silica, Cosmetics Silica, and Paints Silica.
Who are Madhu Silica's investors?
Madhu Silica has 4 investors. Key investors include R V Shah Family Trust, Darshak Finstock, Darshak Shah, and Kalpna Shah.
What is Madhu Silica's valuation?
The valuation of Madhu Silica is $16.16M as of Aug 2011.