What Gujarat Fluorochemicals does

Gujarat Fluorochemicals Limited (GFL) is an Indian specialty chemicals manufacturer founded in 1987 and publicly listed on NSE and BSE under the ticker GFL, with 1,001-5,000 employees and headquarters in Noida. The company specialises in fluorine chemistry, operating a fully backward-integrated value chain from a captive fluorspar mine in Morocco through three manufacturing facilities in India, supported by R&D centres at Dahej and Ranjitnagar (Gujarat) and sales offices/warehouses in Europe and the United States. GFL is part of the INOXGFL Group, a diversified Indian conglomerate with more than 90 years of legacy.

GFL's product portfolio spans fluoropolymers (PTFE, PFA, FEP, FKM, PVDF and additives) marketed under the INOFLON, FLUONOX, INOFLA, and INOLUB brands; fluorospeciality chemicals (HF, TFE and KF-based); refrigerants (R22, R32, R125, R407C, R410A) under the REFRON brand; and industrial chemicals including caustic soda, chlorine, hydrochloric acid, and carbon tetrachloride. The company serves B2B industrial customers across automotive, semiconductor, pharmaceutical, agrochemical, HVAC, and energy storage sectors through direct enterprise sales, regional distribution centres, and a global marketing network. Pricing is quote-based and not publicly disclosed; the company is ISO 9001, 14001, 45001 and IATF 16949:2016 certified.

GFL generates revenue through one-time product sales to industrial customers. The core chemicals business reported Q4 FY26 revenue of Rs 1,369 crore, up 12% year-on-year, though Q4 FY26 net profit declined 32% year-on-year to Rs 112 crore and EBITDA margin compressed from 25% to 23%. The company is actively diversifying into higher-growth adjacencies through its wholly-owned subsidiary GFCL EV Products Limited (India's first fully integrated battery-materials facility at Jolva, Gujarat, producing LiPF6, electrolyte formulations, LFP cathode, and PVDF/PTFE binders, with FY25 revenue of Rs 944.30 Lakhs, a 25x jump year-on-year) and a newly incorporated GFCL Semiconductor and Advanced Materials subsidiary. A Rs 6,000 crore (over USD 700 million) capex plan over 4-5 years targets the battery-chemicals ecosystem, complemented by a USD 216 million greenfield project in Oman's Salalah Free Zone.

Name

Gujarat Fluorochemicals

Legal name

Gujarat Fluorochemicals Limited

Website

https://gfl.co.in

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Gujarat Fluorochemicals Limited is an Indian specialty chemicals manufacturer specialising in fluorine chemistry, producing fluoropolymers, fluorospeciality chemicals, refrigerants, and industrial chemicals for global B2B customers in automotive, pharmaceutical, HVAC, semiconductor, and energy storage sectors. The company is expanding into EV battery materials and semiconductor materials through subsidiaries.

Ownership category

akta.pro rank

Product category

Specialty Fluorochemicals

NAICS

Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Basic Chemical Manufacturing (3251), Chemical Manufacturing (325)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Industrial Organic Chemicals (2860), Refrigeration & Service Industry Machinery (3580), Industrial Inorganic Chemicals (2810), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Fluoropolymers & High-Barrier Resins Manufacturing (PTFE, PVDF, ETFE, EVOH) (IMANAAAF)

akta.pro secondary industries

Fluoropolymers (PTFE, PVDF, FEP, ETFE) (IMAEANAH), Fluorspar (Fluorite) Mining (IMAKAGAM), Synthetic Rubber & Elastomer Feedstocks (SBR, BR, NBR, EPDM) (IMAEADAJ)

Keywords

• Fluoropolymer manufacturing
• Specialty fluorochemicals
• Battery materials supply
• Refrigerant gases
• Fluorinated industrial chemicals

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Fluoropolymers: Leading producer of fluoropolymers in India including PTFE, PFA, FEP, FKM, PVDF, PTFE Additives and Polymer Processing Aids (PPA) sold under brand names INOFLON, FLUONOX, INOFLA, INOLUB. Revenue from product sales to industrial customers globally.
2. Fluorospeciality Chemicals: Produces EDFA, TEOF, BTFM, DFMSC, DCTFMA as fluorospeciality chemicals for wide-ranging industrial applications in pharmaceuticals and agrochemicals.
3. Refrigerants: One of the single largest and most efficient refrigerant plants in India manufacturing R22, R32, R125, R407C, R410A under REFRON brand, serving HVAC and cooling equipment manufacturers.
4. Industrial Chemicals: Manufactures industrial chemicals including Caustic Soda, Carbon Tetrachloride, Chlorine, Methylene Di Chloride, Hydrochloric Acid, Sodium Hydrogen Sulphate, Hydrogen Gas, Fluorspar, Anhydrous Hydrogen Chloride for end-use industries including Pharma, Agrochemicals and Plastics.
5. Battery Materials (GFCL EV): GFCL EV Products Ltd subsidiary focused on advanced battery materials for lithium-ion and sodium-ion batteries, including LiPF6, electrolyte formulations, LFP cathode materials, and PVDF/PTFE binders. Early commercial scale with FY25 revenue of Rs 944.30 Lakhs, 25x jump from FY24.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Gujarat Fluorochemicals Limited (GFL) is a backward-integrated manufacturer of fluoropolymers (PTFE, PFA, FEP, FKM, PVDF, PTFE additives), fluorospeciality chemicals (HF-based, TFE-based, KF-based), refrigerants (R22, R32, R125, R407C, R410A), industrial chemicals (caustic soda, chlorine, hydrochloric acid, etc.), and through its subsidiary GFCL EV Products, advanced battery materials (LiPF6, electrolyte formulations, LFP cathode, PVDF binders) for EVs and energy storage. Operations are vertically integrated from a captive Fluorspar mine in Morocco to finished fluoropolymer products manufactured across three India-based facilities, marketed under brands INOFLON, FLUONOX, INOFLA, INOLUB, and REFRON.

Product overview

Gujarat Fluorochemicals Limited (GFL) is an Indian chemicals company with over 30 years of expertise in Fluorine Chemistry, offering a diversified portfolio of Fluoropolymers (PTFE, PFA, FEP, FKM, PVDF, and Additives under brands Inoflon, Fluonox, Inoflar, and Inolub), Fluorospeciality Chemicals (HF-based, TFE-based, and KF-based), Refrigerants (R22, R32, R407C, R410A under the Refron brand), and Industrial Chemicals. The company operates as a fully backward-integrated manufacturer from natural minerals to finished fluoropolymers, with three manufacturing facilities in India, a captive fluorspar mine in Morocco, and global marketing presence. Through its subsidiary GFCL EV Products, GFL has expanded into battery materials for EVs and energy storage, while a new subsidiary GFCL Semiconductor and Advanced Materials targets the semiconductor materials market.

Differentiator

Problem solved

Functional benefit

Brands

• INOFLON: INOFLON represents PTFE, PFA and FEP manufactured and marketed by GFL
• FLUONOX
• INOFLAR
• INOLUB
• REFRON

Products and services

• PTFE (Inoflon) Polytetrafluoroethylene fluoropolymer sold under the Inoflon brand, used in applications requiring chemical resistance, thermal stability, and electrical insulation.
• PFA (Inoflon)
• FEP (Inoflon) Fluorinated Ethylene Propylene fluoropolymer sold under the Inoflon brand, used in wire, cable, and electronics applications.
• FKM (Fluonox) Fluoroelastomer sold under the Fluonox brand, used in automotive, aerospace, and industrial sealing applications requiring chemical and heat resistance.
• PVDF (Inoflar) Polyvinylidene fluoride fluoropolymer sold under the Inoflar brand, used in lithium-ion batteries, chemical processing, and architectural coatings.
• Inolub Fluoropolymer Additives PTFE additives and polymer processing aids (PPA) sold under the Inolub brand, used as processing aids and performance additives in plastic and rubber formulations.
• Fluorospeciality Chemicals HF-based, TFE-based, and KF-based fluorospeciality chemicals (including EDFA, TEOF, BTFM, DFMSC, DCTFMA) for wide-ranging industrial applications in pharmaceuticals, agrochemicals, and specialty chemical sectors.
• Refrigerants (R22, R32, R407C, R410A) Chlorodifluoromethane (R22), difluoromethane (R32), and HFC blends (R407C, R410A) sold under the Refron brand, used in air conditioning and refrigeration systems.
• Industrial Chemicals Caustic soda, carbon tetrachloride, chlorine, methylene di chloride, hydrochloric acid, sodium hydrogen sulphate, hydrogen gas, fluorspar, and anhydrous hydrogen chloride for end-use industries including pharma, agrochemicals, and plastics.
• GFCL EV Products - Battery Materials Subsidiary producing battery materials including LiPF6 salt, electrolyte formulations, LFP cathode materials, and PVDF/PTFE binders for EVs and energy storage systems at India's first fully integrated battery-materials facility at Jolva near Bharuch, Gujarat.
• GFCL Semiconductor and Advanced Materials Newly incorporated wholly-owned subsidiary focused on developing and supplying high-purity fluoropolymer products and advanced materials critical to the semiconductor industry.

Quantifiable outcome

• 25x revenue growth in GFCL EV subsidiary from ₹36.82 Lakhs in FY24 to ₹944.30 Lakhs in FY25
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• GFCL Semiconductor and Advanced MaterialsminorOthers · 26 June 2026Gujarat Fluorochemicals incorporated a new wholly-owned subsidiary, GFCL Semiconductor and Advanced Materials, as part of its strategy to enter high-growth sectors. The subsidiary will focus on developing and supplying materials critical to the semiconductor industry.
• Salalah Free Zone Authority (Oman)minorStrategic or Co-development Partner · 14 February 2026GFCL EV Products Limited incorporated a wholly-owned Omani subsidiary, GFCL EV (SFZ) LLC, to set up Oman’s first advanced battery materials project for electric vehicles and energy storage in Salalah Free Zone, with initial investment of $216 million.
• Global Cell ManufacturerscoreStrategic or Co-development PartnerGFCL EV Products Ltd has secured long-term contracts with global cell manufacturers for battery materials supply. The company has also begun first exports to USA and Europe, positioning itself as a China+1 supplier targeting India, USA, and European Union markets.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SRF Limited: Indian-listed specialty chemicals company with overlapping fluoropolymer (PTFE, FKM), refrigerant, and fluorospeciality chemical businesses. Most directly comparable Indian peer competing for the same customers and talent.
• Navin Fluorine International: Indian-listed fluorospeciality chemicals manufacturer producing HF-based, TFE-based, and other fluorinated intermediates for pharma and agrochemical customers. Direct competitor in India's fluorospeciality segment.
• Arkema: French specialty chemicals major producing Kynar PVDF fluoropolymers and fluorochemical specialties globally. Comparable product portfolio with overlap in PVDF and fluorinated intermediates.
• Solvay (Syensqo): Belgian specialty chemicals leader (recently split into Syensqo for specialty) with major fluoropolymer and PVDF positions serving EV batteries, semiconductor, and pharmaceutical markets. Direct competitor in PVDF binders for Li-ion batteries.
• Daikin Industries: Japanese global leader in fluorochemicals and refrigerants with Opteon and Daikin-branded HFC/HFO products. Directly comparable refrigerant portfolio and competing for the same low-GWP transition opportunity.
• The Chemours Company: US-listed fluoroproducts company (Teflon, Viton, Opteon brands) and one of the largest global PTFE producers. Directly comparable fluoropolymer and refrigerant product lines with similar China+1 positioning challenges.
• AGC Inc. Japanese materials major producing Fluon-brand fluoropolymers (PTFE, PFA, FEP, ETFE) for semiconductor, automotive, and chemical processing applications. Direct competitor in high-purity fluoropolymers.

Broad incumbents

• Honeywell International: US conglomerate with major Solstice and Genetron refrigerant businesses plus broader industrial portfolio. Competes with GFL in refrigerants and increasingly in low-GWP transition chemistry.

Emerging players

• Shandong Dongyue Chemical: Chinese fluoropolymer and refrigerant producer and largest PTFE manufacturer globally. Key competitor and pricing benchmark for GFL's commodity-grade fluoropolymers, though GFL positions as China+1 alternative.
• Tronox Holdings: Specialty chemicals and titanium dioxide producer with emerging battery materials exposure (LFP cathode, lithium iron phosphate). Comparable strategic pivot from commodity chemicals into battery materials.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/fluorochemicals
• LinkedInlinkedin.com/company/gfl
• Facebookfacebook.com/gujaratfluorochemical

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gujarat Fluorochemicals