- CEO
- Nilesh Panchal
- Full Time Employees
- 6
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- 401-404, Raheja Centre Mumbai MA India 400021
- IPO Date
- Jan 1, 1990
- Business
- Mysore Petro Chemicals Limited (Mysore Petro) engages primarily in the trading of organic and inorganic chemicals, including Phthalic Anhydride, Maleic Anhydride, Orthoxylene, Benzoic Acid and other petrochemical products; it previously manufactured these chemicals at plants in Raichur, Karnataka, and Taloja, Maharashtra. The company operates in the specialty chemicals sector, serving industries such as plastics, paints, polyester resins, plasticizers, PVC products and textiles. Founded in 1969 and headquartered in Bengaluru, Karnataka, with additional offices in Mumbai, Mysore Petro focuses on domestic markets in India. In April 2017, the company transferred its Maleic Anhydride manufacturing business via slump sale to I.G. Petrochemicals Limited, shifting fully to trading activities following the closure of its Phthalic Anhydride plant in Raichur due to economic unviability in July 2013. In January 2024, Mysore Petro approved the acquisition of a controlling stake in UK-based Q C Polymer Limited, a recycler of PET flakes for food packaging and polyester textiles, through equity subscription and debt infusion; however, the subsidiary ceased operations effective December 2, 2024, and filed for voluntary liquidation on December 24, 2024.