About Special Blasts
Special Blasts is a company based in Raipur (India) founded in 1988. Special Blasts has raised $2.76 million across 3 funding rounds from investors including Ashoka Refineries, Sharma Vin Trade and New Era Alkaloids & Exports Limited. The company has 73 employees. Special Blasts offers products and services including Slurry Explosives, Emulsion Explosives, Bulk Emulsion Explosives, Permitted Emulsion Explosives, and Detonator.
- Headquarter Raipur, India
- Employees 73
- Stage Minicorn
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website specialblasts.com
- Legal Name Special Blasts Limited
- Date of Incorporation 25 Aug, 1988
- Jurisdiction Raipur, Chhattisgarh, India
- Annual Revenue₹543 Cr
FY 2025 · -15% YoY
- Net Profit₹39.84 Cr
FY 2025 · 7% margin
- EBITDA₹73.87 Cr
FY 2025 · 14% margin
- Total Equity Funding$2.76M (USD)
in 3 rounds
- Latest Funding Round$1M (USD), Unspecified
Mar 2015
- InvestorsAshoka Refineries
& 10 more
- Employee Count73
Associated legal entities of Special Blasts
Special Blasts operates through Special Blasts Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Special Blasts Limited CIN U24292CT1988PLC004746 | Active | 25 Aug 1988 | Raipur, Chhattisgarh | ₹543 Cr | 73 | 7 | View details |
Products & Services of Special Blasts
Special Blasts offers a comprehensive portfolio of products and services, including Slurry Explosives, Emulsion Explosives, Bulk Emulsion Explosives, Permitted Emulsion Explosives, and Detonator.
Industrial explosive for mining and blasting operations
High-performance explosive for bulk applications
Large-scale explosive for industrial use
Safe explosive for regulated environments
Initiation device for explosive charges
High-explosive material for specialized uses
Funding Insights of Special Blasts
Special Blasts has successfully raised a total of $2.76M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $1 million completed in March 2015. 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 $2.76M
- Total Rounds 3
- Last Round Unspecified — $1M
- First Round $674,295
(May 2006)
- Investors Count 11
All 3 funding rounds of Special Blasts with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2015 | $1M | Unspecified | $10.81M | Fabritech Tradelink, Specialmetaliks | – |
| Nov 2012 | $1.08M | Unspecified | $8.9M | Sharma Vin Trade | |
| May 2006 | $674,295 | Unspecified | $••••• | Ashoka Refineries |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2015 | $10.81M | •••••••• |
| Nov 2012 | $8.9M | •••••••• |
| May 2006 | $••••• | •••••••• |
Full valuation and stage history of Special Blasts
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $10.81M (Mar 2015). 11 investors in total: 11 institutional.
Investors in Special Blasts
Special Blasts has secured backing from 11 investors, including institutional investors. Prominent investors backing the company include Ashoka Refineries, Sharma Vin Trade and New Era Alkaloids & Exports Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | sharmavintrade.tcc.mode | - | |
New Era Alkaloids & Exports Limited is engaged in manufacturing and distributing industrial products and chemicals. | 1994 | neweraltd.com | - | |
Chemical manufacturing, processing, and electronics research in Raipur. | – | naturahuechem.com | - | |
Manufacturer of thermocouple insulators, ceramic nozzles, textile eyelets, and other products | – | shubhamenterprises.tcc.mode | Pune, India | |
Oil refining, importing, exporting, and manufacturing in India. | 1991 | ashokarefineries.com | Raipur, India | |
- | – | freewingsexports.tcc.mode | - | |
- | – | shreeganesholeochem.tcc.mode | - | |
- | – | mahautkrushsecuritiesandfinance.tcc.mode | - | |
- | – | gangotricement.tcc.mode | - | |
- | – | fabritechtradelink.tcc.mode | - |
Investor details for Special Blasts
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Special Blasts Limited (Special Blasts)
Special Blasts Limited is the primary company behind Special Blasts. The board of Special Blasts Limited currently have 5 directors; the longest-serving is Ajay Choudhari, appointed in 1989. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Choudhari DIN 00961189 | Managing Director | 17 Aug 1989 | 37 yrs 1 mo | Special Blasts Limited |
| Avdhesh Kumar Jain DIN 06530473 | Director | 18 Mar 2013 | 13 yrs 6 mo | Special Blasts Limited |
| Satyawati Parashar DIN 00761009 | Director | 29 Mar 2021 | 5 yrs 6 mo | Special Blasts Limited |
| Aman Sinha DIN 09308172 | Director | 14 Aug 2024 | 2 yrs 1 mo | Special Blasts Limited |
| Ajay Kumar Dev DIN 10541777 | Director | 28 Oct 2024 | 1 yr 11 mo | Special Blasts Limited |
People of Special Blasts
1 people are tracked at Special Blasts (1 in leadership); the tracked headcount is 73.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Special Blasts
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Special Blasts
Figures of Special Blasts Limited, the primary company behind Special Blasts, for FY 2025. Revenue was ₹543 Cr (-15% year on year). Net profit was ₹39.84 Cr (7% margin). EBITDA was ₹73.87 Cr (14% margin). Revenue has grown at a compounded annual rate of +4% over three years.
- ₹543 CrRevenue · FY 2025 · -15% YoY
- ₹39.84 CrNet profit · 7% margin
- ₹73.87 CrEBITDA · 14% margin
- ₹237 CrPaid-up capital
- 73Employees (provident fund records)
- +4%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Special Blasts Limited are on its company page.
Detailed financial statements for Special Blasts
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Special Blasts
4 dated milestones of Special Blasts across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Special Blasts is founded.
- Funding First funding round of $674K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Unspecified, of $1.0M.
Similar companies to Special Blasts
10 companies that operate in the same segment as Special Blasts (Core & Diversified Chemicals), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Chemical materials are designed and applied across industrial sectors. | 2004 | United States | – | USD 10.66 B | 21,080 | |
Speciality Chemicals manufacturer | 1995 | Muttenz, Basel-landschaft, Switzerland | – | USD 4.95 B | 10,460 | |
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate | 1979 | Pune, Maharashtra, India | – | USD 1.21 B | 1,020 | |
Chemicals and ingredients are distributed globally by Univar Solutions. | 1924 | Downers Grove, Illinois, United States | USD 38.38 M | USD 832.6 M | – | |
AGC is engaged in manufacturing glass and chemical products. | 2000 | Tokyo, Tokyo, Japan | – | USD 1.61 M | 6 | |
Gases and chemical products are supplied to diverse industrial sectors. | 1902 | Paris, France | – | USD 31.65 B | 66,660 | |
Industrial, medical, and specialty gases are manufactured by Messer Group. | 1898 | Bad Soden-salmunster, Hessen, Germany | – | – | – | |
Specialty chemicals are manufactured through integrated R&D and production processes. | 2023 | Bengaluru, Karnataka, India | USD 72.97 M | USD 2.13 M | – | |
Multiple sectors are invested in by this private equity firm. | 1920 | Kingsport, Tennessee, United States | – | USD 8.76 B | 14,000 | |
Evonik is recognized as a leader in specialty chemicals innovation. | 1847 | Essen, North Rhine-westphalia, Germany | – | USD 24.8 M | 93 |
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Frequently Asked Questions about Special Blasts
Special Blasts was founded in 1988 and raised its 1st funding round 18 years after it was founded.
Special Blasts is headquartered in Raipur, India. It is registered at Raipur, Chhattisgarh, India.
Special Blasts is a funded company, having raised a total of $2.76M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $674.3K, raised on May 2006.
Special Blasts has 73 employees.
The primary company behind Special Blasts, Special Blasts Limited, reported revenue of ₹543 Cr for FY 2025, down 15% year on year.
Special Blasts was founded in 1988 and is based in Raipur, India. Operations focus on the production of industrial explosives and related accessories within the manufacturing sector. Products are supplied to support activities in mining, construction, and quarrying. The company is led by Managing Director Ajay Choudhari. Distribution occurs primarily across domestic markets, with emphasis on safety-compliant materials.
Special Blasts offers Slurry Explosives, Emulsion Explosives, Bulk Emulsion Explosives, Permitted Emulsion Explosives, and 2 more products and services.
Special Blasts has 11 investors. Key investors include Ashoka Refineries, Sharma Vin Trade, New Era Alkaloids & Exports Limited, Natura Hue-Chem Limited, and Shubham Enterprises.
The valuation of Special Blasts is $10.81M as of Mar 2015.
Special Blasts operates through Special Blasts Limited.
The legal entities of Special Blasts currently have 7 directors, including Satyawati Parashar, Mahendra Kumar Jain, Vaibhav Vivek Mohdiwale and others.