- CEO
- N. Gopal
- Full Time Employees
- 700
- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- Solitaire Corporate Park, Building No.11 Mumbai MA India 400093
- IPO Date
- Nov 30, 1994
- Business
- Supreme Petrochem Limited is an India-based petrochemical company specializing in the manufacturing and sale of styrenics and allied products. Its core product portfolio includes General Purpose Polystyrene (GPPS); High Impact Polystyrene (HIPS) for injection molding, extrusion, thermoforming, and blow molding applications; Expandable Polystyrene (EPS) including Fast Cycle (FC) grades, high expansion/low energy (BL) grades, and self-extinguishable flame retardant grades; Masterbatches including specialty masterbatches, color masterbatches, additive masterbatches, optical brighteners, UV masterbatches, and anti-fibrillating filler masterbatches; Polymer compounds such as mineral and elastomer reinforced polypropylene compounds, impact-modified and flame-retardant varieties; and Extruded Polystyrene (XPS) insulation boards. The company serves varied industries including packaging, consumer goods, appliances, automotive, electronics, and construction across India and over 100 international markets.
Founded in 1993 and headquartered in Mumbai, Maharashtra, Supreme Petrochem operates major manufacturing facilities at Nagothane in Raigad district and Manali New Town in Chennai. Its installed capacity stands at approximately 300,000 tons per annum, making it among the largest single-location polystyrene producers in Asia. The company is jointly promoted by The Supreme Industries Limited, a diversified industrial group, and Raheja Group. Supreme Petrochem is recognized as the market leader in India's polystyrene sector with a market share exceeding 50%, and it is the largest exporter of polystyrene from India.
Recent major developments include the commissioning of a 70,000 tons per annum ABS line and the expansion of its food-grade EPS production line using Nova technology at its Nagothane facility. The company has entered into a product off-take agreement with Nova Chemicals to supply food-grade EPS catering to their Southeast Asia customer base. Supreme Petrochem is shifting from commodity polystyrene products toward value-added specialty polypropylene compounds for appliances and automotive applications, and expanding its masterbatch range with white, black, color, filler, and UV variants with different carrier resins. Financially, it has experienced a quarter-on-quarter revenue decline recently, but sustained a 14.56% annual revenue growth outperforming its three-year CAGR. The company declared an interim dividend of Rs 2.50 per share in October 2025.
Supreme Petrochem's product offerings are complemented by specialized masterbatch compounds for enhanced polymer performance such as nucleating agents for homogeneous foaming, additives to improve disposables strength, optical brighteners, slip additives, and antiblock masterbatches for films. Its polypropylene compounds cater to protective packaging, insulation, automotive, electronics, appliances, and telecommunication markets, representing a strategic shift to specialty polymers and compounding business lines.
Overall, Supreme Petrochem Limited is a leading integrated styrenics producer focused on broadening its specialty polymer offerings while maintaining a dominant position in polystyrene manufacturing and exports from India. The company continues to invest in capacity expansion, technology upgrades, and strategic partnerships to enhance its market footprint and product portfolio.