ZCL Chemicals

Mumbai, India Founded: 1991 • Age: 35 yrs Minicorn Acquired By Advent International
Intermediates and APIs for pharmaceuticals are manufactured and exported.
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About ZCL Chemicals

ZCL Chemicals is a Healthcare company based in Mumbai (India) founded in 1991, and was acquired by Advent International in February 2021. Intermediates and APIs for pharmaceuticals are manufactured and exported. ZCL Chemicals has raised $26.54 million across 3 funding rounds from investors including Morgan Stanley, NAGASE and Advent International. The company has 346 employees. ZCL Chemicals was last valued at $128.21 million in December 2016. Its Indian entity Zcl Chemicals Limited reported revenue of ₹418 Cr. Its focus areas include Biopharma Outsourcing, CDMO, Small Molecules & Peptides and API Production. Its competitors include Laurus Labs, Symbiotec and SeQuent; 2 of its 3 listed competitors have raised funding.

Company details

ZCL Chemicals was founded in 1991 in Mumbai, India, and operates in the pharmaceutical sector. Intermediates and active pharmaceutical ingredients (APIs) are produced for niche areas including CNS diseases, antiretrovirals, and controlled substances. Export activities support global markets, while contract services for custom synthesis and development are provided to clients. Operations focus on manufacturing and regulatory compliance.

Operational Areas
Healthcare → Biopharma Outsourcing & Drug Delivery
Key Metrics
  • Annual Revenue
    ₹418 Cr

    FY 2023 · +8% YoY

  • Net Profit
    ₹123 Cr

    FY 2023 · 29% margin

  • EBITDA
    ₹162 Cr

    FY 2023 · 39% margin

  • Total Equity Funding
    $26.54M (USD)

    in 3 rounds

  • Latest Funding Round
    $25.01M (USD), Series B

    Dec 2016

  • Investors
    Morgan Stanley

    & 2 more

  • Employee Count
    346
  • Acquired by
    Advent International

    (Feb 2021)

Funding Insights of ZCL Chemicals

ZCL Chemicals has successfully raised a total of $26.54M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $25.01 million completed in December 2016. 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 $26.54M
  • Total Rounds 3
  • Last Round Series B — $25.01M
  • First Round $597,861

    (Feb 2009)

  • Investors Count 2

All 3 funding rounds of ZCL Chemicals with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2016$25.01MSeries B$128.21MMorgan Stanley
–
Sep 2009$1.53MSeries A$6.25MNAGASE
–
Feb 2009$597,861Unspecified––
–
Valuation history
DateValuationStage
Dec 2016$128.21M••••••••
Sep 2009$6.25M••••••••

Last known valuation $128.21M (Dec 2016). 3 investors in total: 3 institutional.

Investors in ZCL Chemicals

ZCL Chemicals has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, NAGASE and Advent International.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Advent International
Private equity firm focused on multiple sectors
adventinternational.comSao Paulo, Brazil
Morgan Stanley
Wealth management, investment advisory, and financial services are provided.
1935morganstanley.comNew York, United States
NAGASE
Diversified chemicals are manufactured for sectors like electronics and automotive.
1832nagase.co.jpKyoto, Japan
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Investor details for ZCL Chemicals

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Board of directors of Zcl Chemicals Limited (ZCL Chemicals)

Zcl Chemicals Limited is the primary company behind ZCL Chemicals. The boards of the 2 registered companies of ZCL Chemicals currently have 10 directors; the longest-serving is Ajay Parikh Krishnakant, appointed in 1990. 33 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ajay Parikh Krishnakant
DIN 00239715
Director15 Feb 199036 yrs 8 moTejal Merchantile Private Limited
Anuja Parikh Ajay
DIN 02397701
Director23 Feb 201511 yrs 8 moTejal Merchantile Private Limited
Nihar Parikh Ajay
DIN 02475787
Director23 Feb 201511 yrs 8 moTejal Merchantile Private Limited
Shweta Jalan
DIN 00291675
Director09 Mar 20215 yrs 8 moZcl Chemicals Limited
Abhijit Mangalmoy Mukherjee
DIN 08610857
Director09 Mar 20215 yrs 8 moZcl Chemicals Limited
Pankaj Patwari
DIN 08206620
Director09 Mar 20215 yrs 8 moZcl Chemicals Limited
Bhaskar Vemban Iyer
DIN 00480341
Director09 Mar 20215 yrs 8 moZcl Chemicals Limited
Jayant Bhalchandra Manmadkar
DIN 03044559
Director26 Jul 20215 yrs 3 moZcl Chemicals Limited
Anil Kumar Chanana
DIN 00466197
Director16 Dec 20214 yrs 10 moZcl Chemicals Limited
Sunil Govind Uttarwar
DIN 10197859
Managing Director15 Jun 20233 yrs 4 moZcl Chemicals Limited

People of ZCL Chemicals

8 people are tracked at ZCL Chemicals (6 in leadership, 2 in team); the tracked headcount is 346.

NameRoleGroup
V Prasada Raju
Managing DirectorLeadership
Vipul Doshi
OwnerLeadership
Dr. V. Prasada Raju
Managing Director and CEOLeadership
Puli Reddi Sekhara
Associate Vice President - SCMLeadership
Ramakrishna Iyer ( rama)
Vice President MarketingLeadership
Ronak Mehta
Assistant General Manager - MarketingLeadership
Ashish Mishra
Senoir Manager- API Marketing, North AmericaTeam
Anil Verma
Project EngineerTeam
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Complete people profiles for ZCL Chemicals

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Financials of ZCL Chemicals

Figures of Zcl Chemicals Limited, the primary company behind ZCL Chemicals, for FY 2023. Revenue was ₹418 Cr (+8% year on year). Net profit was ₹123 Cr (29% margin). EBITDA was ₹162 Cr (39% margin). Revenue has grown at a compounded annual rate of +14% over three years and +18% over five years.

  • ₹418 CrRevenue · FY 2023 · +8% YoY
  • ₹123 CrNet profit · 29% margin
  • ₹162 CrEBITDA · 39% margin
  • ₹9.06 CrPaid-up capital
  • 346Employees (provident fund records)
  • +14%Revenue CAGR, 3 years
  • +18%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Zcl Chemicals Limited are on its company page.

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Detailed financial statements for ZCL Chemicals

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Timeline of ZCL Chemicals

5 dated milestones of ZCL Chemicals across 30 years, from founding to its latest funding, stage changes and deals.

  1. Founded ZCL Chemicals is founded.
  2. Funding First funding round of $598K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series B, of $25.0M.
  5. Exit Acquired by Advent International.

Competitors of ZCL Chemicals

ZCL Chemicals has 3 listed competitors in our database, 2 of them funded. They include Laurus Labs, Symbiotec and SeQuent.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Laurus Labs
lauruslabs.com2005Hyderabad, India$229.73M6,035
Pharmaceutical and biotechnology company
Symbiotec
symbiotec.in2002Indore, India$61.01M1,822
Non-sterile steroid hormone-based APIs and intermediates are manufactured.
SeQuent
sequent.in2002Bengaluru, India
APIs are developed and manufactured for therapeutic areas.
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Detailed competitors of ZCL Chemicals

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Web traffic of ZCL Chemicals

Websites that share an audience with ZCL Chemicals (zclchemicals.com).

Similar websites

Websites whose visitors overlap most with ZCL Chemicals. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Apicore
apicore.com
100%
#5,314,115View details
Ropack
ropack.com
100%
#8,296,511View details
abbottcontractmfg.com
abbottcontractmfg.com
99%
–
Pharma Manufacturing Magazine
pharmamanufacturing.com
99%
#1,938,419View details
Radico Remedies
radicoremedies.com
61%
View details
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Biopharma Outsourcing & Drug Delivery

3 companies that operate in the same segment as ZCL Chemicals (Biopharma Outsourcing & Drug Delivery) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Anthem Biosciences
Developer of integrated contract research development and manufacturing services
2007Bengaluru, Karnataka, IndiaUSD 35.74 MUSD 226.38 M2,062
Laurus Labs
Pharmaceutical and biotechnology company
2005Hyderabad, Telangana, IndiaUSD 229.73 MUSD 726.15 M12,470
Entero Healthcare
India's leading healthcare products distribution platform
2018Mumbai, Maharashtra, IndiaUSD 59.67 MUSD 702.49 M557
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Related news about Zcl Chemicals

Advent International to buy majority stake in ZCL Chemicals
Thehindubusinessline • 5 years ago
Morgan Stanley-backed bulk-drugs maker ZCL Chemicals attracts four bidders
Vccircle • 5 years ago
MSPEA commits $25m to India's ZCL Chemicals
Asian Venture Capital Journal • 9 years ago
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Frequently Asked Questions about ZCL Chemicals

ZCL Chemicals was founded in 1991 and raised its 1st funding round 18 years after it was founded.

ZCL Chemicals is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

ZCL Chemicals is a funded company, having raised a total of $26.54M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $597.86K, raised on Feb 2009.

ZCL Chemicals has 346 employees.

The primary company behind ZCL Chemicals, Zcl Chemicals Limited, reported revenue of ₹418 Cr for FY 2023, up 8% year on year.

ZCL Chemicals was founded in 1991 in Mumbai, India, and operates in the pharmaceutical sector. Intermediates and active pharmaceutical ingredients (APIs) are produced for niche areas including CNS diseases, antiretrovirals, and controlled substances. Export activities support global markets, while contract services for custom synthesis and development are provided to clients. Operations focus on manufacturing and regulatory compliance.

ZCL Chemicals's top competitors include Laurus Labs, Symbiotec and SeQuent.

ZCL Chemicals has 3 investors. Key investors include Morgan Stanley, NAGASE, and Advent International.

The valuation of ZCL Chemicals is $128.21M as of Dec 2016.

ZCL Chemicals is associated with 2 legal entities: Zcl Chemicals Limited, Tejal Merchantile Private Limited.

Yes. ZCL Chemicals was acquired by Advent International in February 2021.

The legal entities of ZCL Chemicals currently have 10 directors, including Anuja Parikh Ajay, Ajay Parikh Krishnakant, Nihar Parikh Ajay and others.

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