- CEO
- Vikas Pavankumar
- Full Time Employees
- 50
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Mumbai India
- IPO Date
- Oct 15, 2024
- Business
- Shiv Texchem Limited is an India-based company engaged in the trading, import, and distribution of hydrocarbon-based chemicals and petrochemical products. The company sources bulk liquid chemicals and specialty industrial solvents from global petrochemical producers and supplies them to diverse domestic manufacturing sectors. Its core product portfolio comprises aromatic hydrocarbons, including benzene, toluene, orthoxylene, and mixed xylene; aliphatic hydrocarbons and cyclic compounds, including cyclohexane and hexane; monomers, including styrene monomer, vinyl acetate monomer, and acrylic monomers; alcohols and glycols, including methanol, isopropyl alcohol, monoethylene glycol, and diethylene glycol; ketones, including acetone and methyl ethyl ketone; acetates and esters, including ethyl acetate, butyl acetate, and isopropyl acetate; and chlorinated solvents, including methylene chloride and ethylene dichloride. These chemical solutions serve as essential raw materials across multiple downstream industries, including paints and coatings, printing inks, pharmaceuticals, agrochemicals, adhesives, polymers, resins, rubber, and specialty chemical manufacturing. Headquartered in Mumbai, Maharashtra, India, and founded in 2005, Shiv Texchem operates domestic marketing and logistics networks supported by leased bulk liquid storage tank terminals near major Indian maritime ports, including Kandla, Mundra, Hazira, and Nhava Sheva, while maintaining international sourcing relationships with chemical manufacturers across Asia, the Middle East, Europe, and North America. In recent developments, the company converted from a private limited company into a public limited entity and completed its Initial Public Offering on the BSE SME platform in October 2024 to finance working capital needs and fund strategic business growth. Furthermore, Shiv Texchem has expanded its port terminal storage capacities, broadened its distribution footprint across regional industrial corridors in India, diversified into higher-margin specialty monomers and acetyl intermediates, and established expanded procurement agreements with international petrochemical suppliers to support increased import volumes.