- Business
- Unilex Colours and Chemicals Limited is an India-based specialty chemicals company engaged in the manufacturing, processing, trading, and exporting of pigments, synthetic dyes, food colors, and chemical intermediates. Founded in 2001 and headquartered in Mumbai, Maharashtra, the company operates advanced manufacturing and processing units in Tarapur and Palghar, Maharashtra. Unilex Colours and Chemicals organizes its operations primarily across three product segments: Pigments, Dyes, and Food Colorants. Its core product portfolio comprises organic and inorganic pigments, including Phthalocyanine Blue 15:0, 15:1, 15:2, 15:3, and 15:4; Phthalocyanine Green 7; Chrome pigments, including Lemon Chrome and Middle Chrome; and Azo pigments; synthetic food colors, including Tartrazine, Sunset Yellow, Brilliant Blue FCF, Ponceau 4R, Allura Red, and Carmoisine; industrial dyes, including reactive dyes, acid dyes, direct dyes, solvent dyes, and basic dyes; and specialty aqueous and solvent-based pigment preparations and dispersions. The company markets its color solutions under the Unilex brand to various industrial end markets, such as textiles, printing inks, plastics and masterbatches, paints and industrial coatings, paper, rubber, packaging, pharmaceuticals, and food and beverage processing. In addition to its domestic presence across India, the company maintains extensive international operations, exporting products to over 40 countries across North America, South America, Europe, Southeast Asia, the Middle East, and Africa. In recent strategic developments, the company converted to a public limited company and completed its Initial Public Offering on the Emerge platform of the National Stock Exchange of India in 2024 under the ticker UNILEX. Proceeds from the offering have been deployed toward expanding manufacturing capacities and upgrading technical infrastructure at its Tarapur facilities, meeting enhanced working capital requirements, retiring outstanding debt, and expanding its international client base and value-added pigment dispersion offerings.