Punjab Chemicals

Chandigarh, India Founded: 1975 • Age: 51 yrs Listed
Chemical formulations and agrochemicals are manufactured for crop protection.
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About Punjab Chemicals

Punjab Chemicals is a publicly listed company based in Chandigarh (India) founded in 1975. Chemical formulations and agrochemicals are manufactured for crop protection. The company has 278 employees. Its Indian entity Punjab Chemicals And Crop Protection Limited reported revenue of ₹1,043 Cr. Punjab Chemicals offers products and services including Agrochemicals, Pharma API’s, Pharma Intermediates, Fine Chemicals, and Basic Chemicals. Its focus areas include Chemicals and Materials, Diversified Chemicals and Diversified.

Company details

Punjab Chemicals was founded in 1975 in Chandigarh, India, initially focusing on basic chemicals such as oxalic acid. Diversification occurred into the development and production of chemical formulations and agrochemicals, including insecticides, herbicides, and fungicides for crop protection. Operations are supported by infrastructure comprising storage tanks, reactors, centrifuges, filters, dryers, distillation units, and effluent treatment facilities within the chemicals and agrochemicals sector.

  • Headquarters Chandigarh, India
  • Employees 278
  • Stage Public
  • Sectors
    Chemicals & Materials
  • Website punjabchemicals.com
  • Social LinkedIn
  • Legal Name Punjab Chemicals & Crop Protection Ltd.
Operational Areas
Chemicals & Materials → Core & Diversified Chemicals
Key Metrics
  • Market Cap
    ₹1,112 Cr

    PUNJABCHEM · NSE

  • Share Price
    ₹912.00

    +0.57% today

  • Revenue
    ₹1,030 Cr

    FY 2025-26 · +14.4% YoY

  • EBITDA
    ₹116 Cr

    Margin 11.3%

  • Net Profit
    ₹65.38 Cr

    FY 2025-26 · +56.6% YoY

  • P/E (TTM)
    18.0x

    P/B 2.4x

  • ROE
    16.2%

    ROCE 17.9%

  • Debt / Equity
    0.41

    Interest cover 19.2x

  • Employee Count
    278

Products & Services of Punjab Chemicals

Punjab Chemicals offers a comprehensive portfolio of products and services, including Agrochemicals, Pharma API’s, Pharma Intermediates, Fine Chemicals, and Basic Chemicals.

Agrochemicals
Agricultural Products

Chemicals for crop protection and enhancement in farming.

Pharma API’s
Pharmaceuticals

Active ingredients for drug manufacturing processes.

Pharma Intermediates
Chemical Intermediates

Compounds used in pharmaceutical production chains.

Fine Chemicals
Speciality Chemicals

High-purity chemicals for industrial applications.

Basic Chemicals
Industrial Products

Essential chemicals for manufacturing and trading.

Phosphorus Derivatives
Chemical Derivatives

Compounds derived from phosphorus for various uses.

Board of directors of Punjab Chemicals And Crop Protection Limited (Punjab Chemicals)

Punjab Chemicals And Crop Protection Limited is the primary company behind Punjab Chemicals. The boards of the 3 registered companies of Punjab Chemicals currently have 14 directors; the longest-serving is Mukesh Dahyabhai Patel, appointed in 1985. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Mukesh Dahyabhai Patel
DIN 00009605
Director19 Feb 198541 yrs 8 moPunjab Chemicals And Crop Protection Limited
Vijay Dilbagh Rai
DIN 00075837
Director28 Feb 198541 yrs 8 moPunjab Chemicals And Crop Protection Limited
Avtar Singh
DIN 00063569
Director14 Nov 199629 yrs 11 moPunjab Chemicals And Crop Protection Limited
Shalil Shashikumar Shroff
DIN 00015621
Managing Director15 Jan 199828 yrs 9 moPunjab Chemicals And Crop Protection Limited
Surjit Singh Chopra
DIN 00146490
Director18 Aug 200422 yrs 2 moPunjab Chemicals And Crop Protection Limited
Shivshankar Shripal Tiwari
DIN 00019058
Director06 Apr 200917 yrs 7 moPunjab Chemicals And Crop Protection Limited
Sonia Bansal
DIN 02766495
Director04 Sep 200917 yrs 2 moPunjab Pesticides Industeries Private Limited
Lalit Kumar Bansal
DIN 02760030
Director04 Sep 200917 yrs 2 moPunjab Pesticides Industeries Private Limited
Aruna Rajendra Bhinge
DIN 07474950
Director29 May 20188 yrs 5 moPunjab Chemicals And Crop Protection Limited
Utpal Praful Vyas
DIN 09154675
Designated Partner22 Apr 20215 yrs 6 moU & I Initiatives Llp
Ishika Shalil Shroff
DIN 08559890
Designated Partner22 Apr 20215 yrs 6 moU & I Initiatives Llp
Tara Subramaniam
DIN 07654007
Director03 Aug 20233 yrs 3 moPunjab Chemicals And Crop Protection Limited
Kapil Mehan
DIN 01215092
Director30 Apr 20251 yr 6 moPunjab Chemicals And Crop Protection Limited
Suresh Arora
DIN 10641466
Director30 Apr 20251 yr 6 moPunjab Chemicals And Crop Protection Limited

People of Punjab Chemicals

7 people are tracked at Punjab Chemicals (6 in leadership, 1 in team); the tracked headcount is 278.

NameRoleGroup
Gaurav Chetal
Group Head Information TechnologyLeadership
Krishan Singh
Head Quality AssuranceLeadership
Kishore Kumar
Head Engineering And ProjectsLeadership
Shalil Shashikumar Shroff
Managing DirectorLeadership
Shirish Mishra
Assistant General Manager (electrical & Instrumentation)Leadership
Yash Vardhan Tripathi
Assistant Vice President Human Resource And AdministrationLeadership
Tejas Kapadia
Executive Import & ExportTeam
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IPO & Listings of Punjab Chemicals

Punjab Chemicals is a publicly listed company on the NSE with ticker symbol PUNJABCHEM in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Mar 2007
  • Listed onNSE: PUNJABCHEM
  • Listed entityPunjab Chemicals & Crop Protection Ltd.
  • Exchange sectorProcess industries
  • ISININE277B01014
  • Share price₹1,021.20 (+0.16% on the day) · 2026-10-14
  • Market capitalisation₹1,253 Cr
  • Price to earnings19.1
  • EPS (diluted, trailing year)₹53.33
  • Dividend yield0.3%
  • Volume (last session)2,076

Financials of Punjab Chemicals

Exchange-reported figures of Punjab Chemicals And Crop Protection Limited, the listed company behind Punjab Chemicals (NSE: PUNJABCHEM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,030 Cr
+14.4% YoY
EBITDA
₹116 Cr
+22.1% YoY
Profit After Tax
₹65.38 Cr
+56.6% YoY
Net Worth
₹423 Cr
+16.1% YoY
Total Assets
₹584 Cr
+7.2% YoY
Total Debt
₹154 Cr
-8.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,0309019341,006933678550
Revenue growth+14.4%-3.6%-7.2%+7.8%+37.6%+23.4%-
EBITDA11695.0111312314095.5042.44
EBITDA margin+11.3%+10.6%+12.1%+12.2%+15.0%+14.1%+7.7%
Profit before tax84.2753.5773.0888.8811269.0122.08
Net profit65.3841.7652.9661.3583.6748.936.83
Net profit margin+6.4%+4.6%+5.7%+6.1%+9.0%+7.2%+1.2%
EPS (₹)52.1731.7543.7049.8468.0840.038.77
Balance sheet
Total assets584545465396338253226
Net worth42336533028122614597.75
Total debt15416812393.9793.3287.9199.19
Cash & bank15.0217.9210.0611.4511.2514.414.85
Net working capital28327220414610837.7527.65
Cash flow
Cash from operations85.5425.2229.8958.2134.3142.7834.47
Cash from investing(45.96)(30.72)(35.92)(37.98)(26.84)(9.14)(14.90)
Cash from financing(43.86)12.053.72(19.91)(10.61)(23.81)(18.74)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue327347209247255320202214
Revenue growth (YoY)+28.0%+8.7%+3.1%+15.3%+5.4%+31.9%--
Other income2.390.682.332.006.083.710.350.18
EBITDA29.5540.8127.5227.4926.2434.3621.3319.26
EBITDA margin+9.0%+11.8%+13.2%+11.1%+10.3%+10.8%+10.5%+9.0%
Depreciation7.987.328.706.806.656.506.536.51
Interest5.674.115.004.083.783.964.754.46
Profit before tax18.2930.0616.1518.6121.8927.6110.408.47
Tax4.837.995.174.803.356.983.352.40
Net profit13.4622.0710.9813.8118.5420.637.056.07
EPS (₹)10.9818.008.9611.2615.1216.835.754.95
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,0258989311,004931676548
Revenue growth+14.1%-3.5%-7.3%+7.9%+37.6%+23.6%-
EBITDA11495.0711212213894.3441.16
EBITDA margin+11.1%+10.6%+12.1%+12.1%+14.9%+14.0%+7.5%
Profit before tax82.0653.6573.7088.7211068.1127.11
Net profit62.8342.6553.8261.1981.0250.3815.75
Net profit margin+6.1%+4.8%+5.8%+6.1%+8.7%+7.5%+2.9%
EPS (₹)50.1132.4444.4149.7165.9241.2212.87
Balance sheet
Total assets604565484413354272243
Net worth443384348298242164114
Total debt15416812393.9793.3287.9199.19
Cash & bank14.4217.649.8010.169.7514.254.24
Net working capital28829422316412456.9944.40
Cash flow
Cash from operations98.9022.6329.2056.6931.8547.1032.45
Cash from investing(59.65)(28.15)(35.85)(36.48)(27.43)(14.12)(13.52)
Cash from financing(43.85)12.055.37(19.68)(8.90)(22.70)(18.54)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue327346207246254319201214
Revenue growth (YoY)+28.7%+8.7%+2.8%+15.1%+5.1%+31.8%--
Other income2.440.682.412.145.743.360.350.33
Total expenses297306180219228285181194
EBITDA29.8140.7626.6327.4125.3134.0420.8719.56
EBITDA margin+9.1%+11.8%+12.9%+11.1%+10.0%+10.7%+10.4%+9.2%
Depreciation7.867.198.576.686.536.396.426.38
Interest5.674.115.004.083.783.954.754.46
Profit before tax18.7230.1415.4718.7920.7427.0610.059.05
Tax4.837.995.494.803.356.982.592.40

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue327347209247255320202214
Revenue growth (YoY)+28.0%+8.7%+3.1%+15.3%+5.4%+31.9%--
Other income2.390.682.332.006.083.710.350.18
EBITDA29.5540.8127.5227.4926.2434.3621.3319.26
EBITDA margin+9.0%+11.8%+13.2%+11.1%+10.3%+10.8%+10.5%+9.0%
Depreciation7.987.328.706.806.656.506.536.51
Interest5.674.115.004.083.783.964.754.46
Profit before tax18.2930.0616.1518.6121.8927.6110.408.47
Tax4.837.995.174.803.356.983.352.40
Net profit13.4622.0710.9813.8118.5420.637.056.07
EPS (₹)10.9818.008.9611.2615.1216.835.754.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,0309019341,006933678550
Revenue growth+14.4%-3.6%-7.2%+7.8%+37.6%+23.4%-
Other income13.681.432.703.350.931.8313.13
Total expenses914806821884794583507
Employee cost10495.0987.8283.2876.6267.6868.70
EBITDA11695.0111312314095.5042.44
EBITDA margin+11.3%+10.6%+12.1%+12.2%+15.0%+14.1%+7.7%
Depreciation28.6425.0422.1619.0116.6714.8615.35
Interest16.8217.8320.8418.0312.3413.4618.14
Profit before tax84.2753.5773.0888.8811269.0122.08
Tax20.3114.6419.5027.7828.1519.9311.33
Net profit65.3841.7652.9661.3583.6748.936.83
Net profit margin+6.4%+4.6%+5.7%+6.1%+9.0%+7.2%+1.2%
EPS (₹)52.1731.7543.7049.8468.0840.038.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.2612.2612.2612.2612.2612.2612.26
Reserves & surplus41135231826821313285.49
Shareholders' funds (net worth)42336533028122614597.75
Minority interest0.000.000.000.000.000.000.00
Secured loans12614110472.9771.4365.5631.34
Unsecured loans28.1027.2118.5721.0021.8922.3567.85
Total debt15416812393.9793.3287.9199.19
Total liabilities584545465396338253226
Assets
Gross block415374339311285249215
Net block275253236222212189168
Capital work in progress18.7514.0612.1419.557.2415.5014.96
Investments1.753.837.892.491.371.281.18
Inventories24622213316815410186.48
Sundry debtors20423519714311283.8447.66
Cash & bank balances15.0217.9210.0611.4511.2514.414.85
Loans & advances44.8743.6130.8538.0945.6533.2156.82
Total current assets509519371361322233196
Total current liabilities227247167215215195168
Net working capital28327220414610837.7527.65
Total assets584545465396338253226
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12.986.438.748.4211.561.730.90
Net cash from operating activities85.5425.2229.8958.2134.3142.7834.47
Net cash from investing activities(45.96)(30.72)(35.92)(37.98)(26.84)(9.14)(14.90)
Net cash from financing activities(43.86)12.053.72(19.91)(10.61)(23.81)(18.74)
Net change in cash(4.28)6.55(2.31)0.32(3.14)9.830.83
Closing cash15.0217.9210.0611.4511.2514.414.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.4%-3.6%-7.2%+7.8%+37.6%+23.4%-
EBITDA growth+22.2%-16.2%-7.5%-12.3%+46.3%+125.0%-
PBT growth+57.3%-26.7%-17.8%-20.4%+61.7%+212.6%-23.2%
Net income growth+56.6%-21.2%-13.7%-26.7%+71.0%+616.4%-
Revenue CAGR (3Y)+0.8%-1.2%+11.3%+22.3%+13.2%+11.2%+1.6%
EBITDA CAGR (3Y)-1.8%-12.1%+5.9%+42.4%+34.0%+31.9%+41.7%
Profitability & leverage
Net income margin+6.2%+4.3%+5.7%+6.1%+8.9%+7.2%+2.0%
Return on capital employed+17.9%+14.1%+21.8%+29.1%+41.9%+34.5%+14.9%
Return on net worth+16.2%+11.2%+17.5%+24.1%+45.1%+40.5%+7.2%
Debt / equity0.410.420.350.370.490.771.01
Long-term debt / equity0.100.120.120.180.300.340.13
Interest cover19.2425.4822.8517.4110.0316.6966.96
Efficiency & per share
Fixed asset turnover2.612.532.883.383.502.932.52
Inventory turnover4.405.076.216.257.327.226.54
Debtors turnover4.694.165.487.899.5410.319.97
EPS (₹)52.1731.7543.7049.8468.0840.038.77
Dividend per share (₹)3.003.003.003.003.002.001.50
Book value per share (₹)345.41297.48269.30228.89184.03117.8979.73
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue327346207246254319201214
Revenue growth (YoY)+28.7%+8.7%+2.8%+15.1%+5.1%+31.8%--
Other income2.440.682.412.145.743.360.350.33
Total expenses297306180219228285181194
EBITDA29.8140.7626.6327.4125.3134.0420.8719.56
EBITDA margin+9.1%+11.8%+12.9%+11.1%+10.0%+10.7%+10.4%+9.2%
Depreciation7.867.198.576.686.536.396.426.38
Interest5.674.115.004.083.783.954.754.46
Profit before tax18.7230.1415.4718.7920.7427.0610.059.05
Tax4.837.995.494.803.356.982.592.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,0258989311,004931676548
Revenue growth+14.1%-3.5%-7.3%+7.9%+37.6%+23.6%-
Other income13.211.212.773.970.720.9519.24
Total expenses912803818882792582506
Employee cost10495.0987.8283.2876.6267.6868.70
EBITDA11495.0711212213894.3441.16
EBITDA margin+11.1%+10.6%+12.1%+12.1%+14.9%+14.0%+7.5%
Depreciation28.1724.8022.1619.0116.6714.8615.35
Interest16.8117.8319.2017.8011.9912.3217.94
Profit before tax82.0653.6573.7088.7211068.1127.11
Tax20.6313.8819.2527.7829.6017.5711.33
Net profit62.8342.6553.8261.1981.0250.3815.75
Net profit margin+6.1%+4.8%+5.8%+6.1%+8.7%+7.5%+2.9%
EPS (₹)50.1132.4444.4149.7165.9241.2212.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.2612.2612.2612.2612.2612.2612.26
Reserves & surplus431372336286229152102
Shareholders' funds (net worth)443384348298242164114
Secured loans12614110472.9771.4365.5631.34
Unsecured loans28.1027.2118.5721.0021.8922.3567.85
Total debt15416812393.9793.3287.9199.19
Total liabilities604565484413354272243
Assets
Gross block413372338311285249215
Net block273251236222212189168
Capital work in progress18.7514.0612.1419.557.2415.5014.96
Investments17.753.837.892.491.371.281.18
Inventories24622213316815410186.48
Sundry debtors20425120714411283.7847.66
Cash & bank balances14.4217.649.8010.169.7514.254.24
Loans & advances68.8363.9450.4157.5764.4352.6776.94
Total current assets533555400379340252215
Total current liabilities245262177216216195171
Net working capital28829422316412456.9944.40
Total assets604565484413354272243
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12.706.177.456.9211.401.120.73
Net cash from operating activities98.9022.6329.2056.6931.8547.1032.45
Net cash from investing activities(59.65)(28.15)(35.85)(36.48)(27.43)(14.12)(13.52)
Net cash from financing activities(43.85)12.055.37(19.68)(8.90)(22.70)(18.54)
Net change in cash(4.60)6.53(1.28)0.53(4.48)10.280.39
Closing cash14.4217.649.8010.169.7514.254.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.1%-3.5%-7.3%+7.9%+37.6%+23.6%-
EBITDA growth+19.7%-15.3%-7.6%-12.1%+46.7%+129.2%-
PBT growth+53.0%-27.2%-16.9%-19.7%+62.1%+151.2%-15.8%
Net income growth+47.3%-20.8%-12.0%-24.5%+60.8%+219.9%-
Revenue CAGR (3Y)+0.7%-1.2%+11.2%+22.4%+13.3%+11.5%+10.0%
EBITDA CAGR (3Y)-2.2%-11.8%+6.0%+43.5%+34.0%+40.2%+106.4%
Profitability & leverage
Net income margin+6.0%+4.4%+5.9%+6.1%+8.7%+7.5%+2.9%
Return on capital employed+16.9%+13.6%+20.7%+27.8%+39.1%+31.3%+19.5%
Return on net worth+14.9%+10.9%+16.8%+22.6%+39.9%+36.3%+14.6%
Debt / equity0.390.400.340.350.450.670.88
Long-term debt / equity0.120.130.130.200.320.330.11
Interest cover19.6225.3721.3017.369.8515.5069.51
Efficiency & per share
Fixed asset turnover2.612.532.873.373.492.922.52
Inventory turnover4.385.066.196.247.307.206.51
Debtors turnover4.513.925.317.869.5210.2910.00
EPS (₹)50.1132.4444.4149.7165.9241.2212.87
Dividend per share (₹)3.003.003.003.003.002.001.50
Book value per share (₹)361.25313.49284.25243.08197.12133.5893.39

Web traffic of Punjab Chemicals

The website of Punjab Chemicals (punjabchemicals.com) receives about 6.7K visits a month.

  • Monthly visits
    6.7K

    ▲ 72.8% vs previous month

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Related news about Punjab Chemicals

PUNJABCHEM: Q2 CONS NET PROFIT 135M RUPEES VS 185M (YOY); Q2 REVENUE 3.3B RUPEES VS 2.55B (YOY)
Exchange Update • 9 days ago
PUNJABCHEM: Q2 EBITDA 296M RUPEES VS 262M (YOY); Q2 EBITDA MARGIN 9.04% VS 10.3% (YOY)
Exchange Update • 9 days ago
Q1 results 2026: ITC to Maruti Suzuki, Sun Pharma, among companies to declare Q1 earnings today; full list here
Mint • 3 months ago
Punjab Chemicals And Crop Protection June-Quarter Consol Profit 220.7 Million Rupees
Reuters • 3 months ago
Punjab Chemicals & Crop Protection consolidated net profit rises 6.98% in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 3 months ago
Punjab Chemicals And Crop Protection March-Quarter Consol Profit 109.8 Million Rupees
Reuters • 6 months ago
Punjab Chemicals And Crop Protection Dec-Quarter Consol Profit 138.1 Million Rupees
Reuters • 9 months ago
Punjab Chemicals And Crop Protection Names Devender Gupta CFO
Reuters • 11 months ago
Punjab Chemicals And Crop Protection Sept-Quarter Consol Profit 185.4 Million Rupees
Reuters • 1 year ago
Themis Medicare Ltd leads gainers in 'B' group | Capital Market News - Business Standard
Business Standard • 1 year ago
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Frequently Asked Questions about Punjab Chemicals

Punjab Chemicals was founded in 1975.

Punjab Chemicals is headquartered in Chandigarh, India.

Punjab Chemicals has 278 employees.

The primary company behind Punjab Chemicals, Punjab Chemicals And Crop Protection Limited, reported revenue of ₹1,043 Cr for FY 2026, up 14% year on year.

Punjab Chemicals was founded in 1975 in Chandigarh, India, initially focusing on basic chemicals such as oxalic acid. Diversification occurred into the development and production of chemical formulations and agrochemicals, including insecticides, herbicides, and fungicides for crop protection. Operations are supported by infrastructure comprising storage tanks, reactors, centrifuges, filters, dryers, distillation units, and effluent treatment facilities within the chemicals and agrochemicals sector.

Punjab Chemicals offers Agrochemicals, Pharma API’s, Pharma Intermediates, Fine Chemicals, and 2 more products and services.

Yes, Punjab Chemicals is publicly traded on NSE under the ticker symbol PUNJABCHEM.

Punjab Chemicals is associated with 3 legal entities: Punjab Chemicals And Crop Protection Limited, U & I Initiatives Llp, Punjab Pesticides Industeries Private Limited.

The legal entities of Punjab Chemicals currently have 17 directors, including Utpal Praful Vyas, Ishika Shalil Shroff, Vijay Dilbagh Rai and others.

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