- Business
- Kesoram Industries Limited (ticker: KESORAMIND.BO) manufactures and sells a range of industrial products including rayon grade pulp, oriented polypropylene films under the brand Bicor, specialty and performance chemicals such as advanced materials, powder coating resins, and cloud computing services through its subsidiary. The company operates primarily in India with manufacturing facilities in multiple states and exports to international markets in Asia, Europe, and North America. Founded in 1924 and headquartered in Kolkata, India, Kesoram focuses on the chemicals, packaging films, cement (prior to divestment), and digital infrastructure segments, serving industrial clients, packaging converters, and end-users in consumer goods and construction.
Core products encompass viscose staple fiber precursors via rayon pulp production; biaxially oriented polypropylene (BOPP) films for flexible packaging applications; and chemical products including maleic anhydride, fumaric acid, thermoplastic polyester resins, and polymer compounds for coatings and composites. Services include SaaS-based enterprise solutions and data center operations under the Keso Cloud brand. The company previously produced cement until its strategic exit from the segment in recent years to streamline operations toward high-margin specialties.
In 2024, Kesoram completed the sale of its cement business to UltraTech Cement for INR 1,850 crore, enabling a pivot to growth areas like chemicals and films; it also approved a scheme of arrangement for demerger of its rayon and chemicals undertakings into a new entity to unlock shareholder value. Recent strategic moves include capacity expansions at its chemical plants in Visakhapatnam and Haridwar, alongside partnerships for sustainable packaging innovations with global converters. No major funding rounds or name changes reported in 2024-2025, with focus on debt reduction and operational efficiency post-cement divestiture.