- CEO
- Krishna Dushyant Rana
- Full Time Employees
- 155
- Sector
- Process industries
- Industry
- Chemicals: major diversified
- Address
- 201, Ackruti Star Pocket No. 5 Mumbai MA India 400069
- IPO Date
- Mar 5, 2024
- Business
- Platinum Industries Ltd (PLATIND.NS) manufactures specialty chemicals, primarily polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) additives; metallic soaps; and lubricants for applications in pipes, profiles, fittings, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, medical tubes, cable insulation, potable water distribution, corrosive fluid handling, fire suppression systems, and packaging materials. The company produces PVC stabilizers including Lead Stabilizer (Commodity), Hybrid low lead stabilizers, Highstab (Ca-Zn/Ca-Org) non-lead stabilizers, and PVC Add Packs; CPVC Add Packs and CPVC Compounds; lubricants such as polyethylene (PE) wax, oxidized polyethylene (OPE) wax, and Lubpack; and metallic soaps comprising calcium stearates, zinc stearates, barium stearates, and aluminum stearates. Incorporated in 2016 and headquartered in Mumbai, India, Platinum Industries operates manufacturing facilities in India, with a 13% market share making it the third-largest PVC additives producer in the country, and serves domestic and export markets including MENA, Europe, and the US. In recent developments, the company listed publicly via an oversubscribed IPO valued at USD 120 million in 2024; convened a board meeting in October 2024 to explore strategic global acquisitions and potential fund-raising; advanced capacity expansions including a 60,000-tonne annual facility in Palghar, India, for non-lead-based stabilizers by Q4 FY25 and another 60,000-tonne plant in the Suez Canal Economic Zone, Egypt, by Q2 FY26; and achieved a 31% revenue CAGR from FY2021 to FY2024 while remaining debt-free.