Vikas Ecotech
Vikas Ecotech is an Indian specialty chemicals manufacturer producing organotin PVC stabilizers, flame retardants, plasticizers, and polymer compounds for industrial customers across agriculture, automotive, healthcare, packaging, and footwear sectors globally.
- Company typePublic
- Founded1984
- HeadquartersNew Delhi, India
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Vikas Ecotech does
Vikas Ecotech Limited is an Indian public specialty chemicals manufacturer founded in 1984 and headquartered in New Delhi, listed on BSE (530961) and NSE (VIKASECO). The company produces specialty additives and polymer compounds including organotin PVC heat stabilizers (brand: TINMATE), aluminium trihydrate flame retardants (V-ECOFLAMEX), Epoxidized Soyabean Oil plasticizers (ADDFLEX), thermoplastic rubber and elastomer compounds (VEEPRENE), EVA compounds (VIKOLENE), and recycled PVC/PET compounds. Its core technology is a vertically integrated organotin stabilizer production chain starting from tin metal ingots and including in-house Tin Tetrachloride (TTC) and Dimethyl Tin Dichloride (DMTDC) manufacturing — making it the only Indian company with FDA-approved organotin stabilizers produced from the tin metal stage. Manufacturing operations span plants in Rajasthan, Jammu & Kashmir, and Dahej.
The company operates a B2B direct sales model targeting industrial customers across agriculture, automotive, cables, electricals, healthcare, polymers, packaging, textiles, and footwear segments, both domestically and through exports to 20+ countries across four continents under Two Star Export House certification. Beyond manufacturing, Vikas Ecotech acts as the Indian channel partner and dealer for international principals including Mitsui Chemicals (TAFMER/POE), LG Chem, ACE Chemical (organic peroxides), Kum Yang (foaming agents), BASF, Denka, and Gujarat Narmada Valley Fertilizer Company, generating trading revenue alongside its manufacturing streams. Pricing is contract-based and not publicly disclosed, consistent with B2B specialty chemicals.
The business is undergoing a strategic diversification: in June 2023 it raised Rs 50 crore via QIP; in 2023 it expanded into steel and MDPE pipe manufacturing and entered Gurugram real estate; and in January 2024 it acquired Shamli Steel for Rs 160 crore, expected to add approximately Rs 900 crore to gross revenue and 2.5 lakh tonnes of steel capacity. The company employs 250+ people and is led by Dinesh Bhardwaj (CEO), with founder Nand Kishore Garg.
Vikas Ecotech firmographics
Firmographics- Name
- Vikas Ecotech
- Legal name
- Vikas EcoTech Limited
- Website
- https://vikasecotech.com
- Company type
- Public
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Vikas Ecotech is an Indian specialty chemicals manufacturer producing organotin PVC stabilizers, flame retardants, plasticizers, and polymer compounds for industrial customers across agriculture, automotive, healthcare, packaging, and footwear sectors globally.
- Ownership category
- akta.pro rank
Vikas Ecotech industry classification
Industry- Product category
- Specialty Chemicals
- NAICS
- Chemical Manufacturing (325), Resin and Synthetic Rubber Manufacturing (32521)
- SIC
- Chemicals & Allied Products (2800), Industrial Organic Chemicals (2860), Wholesale-Chemicals & Allied Products (5160)
- akta.pro primary industry
- Medical & Food-Contact Specialty Compounds (IMANABAK)
- akta.pro secondary industries
- Plasticizers & Solvents (Phthalates/Alternatives, Commodity Solvents) (IMAEADAK), Sustainable Additives & Plasticizers (bio-plasticizers, stabilizers, compatibilizers) (IMANANAH)
Keywords
Where Vikas Ecotech is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Vikas Ecotech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Specialty Additives Manufacturing and Sales: Manufacturing and selling specialty chemical additives including organotin stabilizers, plasticizers, flame retardants, and chlorinated paraffins to industrial customers across multiple sectors.
- Polymer Compounds: Manufacturing and selling rubber-plastic compounds including TPR, TPE, and EVA compounds for various industrial applications.
- Traded Chemical Products: Dealing and reselling chemical products from international suppliers including TAFMER/POE from Mitsui Chemicals, organic peroxides from ACE Chemical, foaming agents from Kum Yang, and other specialty chemicals from LG Chem, Denka, BASF, and others.
- Recycled Materials: Manufacturing and selling recycled PET and PVC compounds from virgin and recycled materials for industrial applications.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Vikas Ecotech product offering
Product offeringCore offering
Vikas Ecotech manufactures and sells specialty chemical additives including organotin PVC stabilizers, flame retardants, plasticizers, chlorinated paraffin, and dimethyl tin dichloride, along with polymer compounds (TPR, TPE, EVA) and recycled PVC/PET compounds. The company also acts as an Indian distributor for international chemical producers including Mitsui Chemicals, ACE Chemical, Kum Yang, and LG Chem. Its products are used by industrial manufacturers across agriculture, automotive, cables, electricals, healthcare, packaging, textiles, and footwear sectors, with exports to more than 20 countries across four continents.
Differentiator
Problem solved
Functional benefit
Brands
- VEEPRENE: Thermoplastic Elastomer (TPE) Compounds brand
- VEEPRENE
- VIKOLENE
- TINMATE
- THERMATE
- V-ECOFLAMEX
- ADDFLEX
- V-PET
- Addflex CPW
Products and services
- Organotin Stabilizers (TINMATE)
- Flame Retardants (V-ECOFLAMEX)
- Dimethyl Tin Dichloride (THERMATE)
- Chlorinated Polyethylene (CPE)
- Plasticizers (ADDFLEX ESBO / ADDFLEX CPW)
- TPR Compounds (VEEPRENE)
- TPE Compounds (VEEPRENE)
- EVA Compounds (VIKOLENE)
- Recycled PVC Compounds
- PET Compounds (V-PET)
- Traded Chemical Products
Quantifiable outcome
- Organotin stabilizers offer safe replacement to harmful lead-based stabilizers in PVC pipes carrying drinking water
Companies that use Vikas Ecotech
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
Vikas Ecotech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Vikas Ecotech partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor.
- Nafigate CorporationminorEuropean company with whom Vikas Ecotech signed an MOU for bio plastics production from waste cooking oil. Strategic partnership for sustainable product development.
- Mitsui Chemicals Inc., JapanminorJapanese general trading company specializing in organic/inorganic chemicals, chemical intermediates, plastic resins and compounds. Vikas Ecotech is the dealer for TAFMER/POE products in India.
- ACE Chemical Corporation, TaiwanminorTaiwan-based supplier of organic peroxides for cross linking/curing agents and reaction initiators. Vikas Ecotech is the dealer for their products in India.
- Kum Yang Co. Ltd., South KoreaminorLeading South Korean chemicals supplier with over five decades of experience in fine chemicals, foaming agents and allied products. Vikas Ecotech is a dealer for their foaming agents and activators in India.
- LG ChemminorIntegrated South Korean chemical company manufacturing petrochemicals, high-value added plastics, and high performance industrial materials. Vikas Ecotech distributes their processing aids, PE wax, and PVC resin products.
- Gujarat Narmada Valley Fertilizer Co. Ltd., IndiaminorIndia's largest ammonia-urea fertilizer plant operator and Asia's largest producer of Acetic Acid, Methanol & TDI. Vikas Ecotech has dealership for their solvent products including Methanol.
- Hebei Daguangming Juwuba Carbon Black Co. Ltd., ChinaminorBiggest Carbon Black manufacturer in China exporting worldwide. Vikas Ecotech has dealership for their Carbon Black product in India.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Vikas Ecotech competitors and assessment
Company assessmentDirect peers
- Baerlocher GmbH: German-headquartered global leader in PVC stabilizers and specialty additives including organotin and calcium-zinc systems. Direct competitor to Vikas Ecotech's TINMATE organotin stabilizer franchise and broader specialty additives portfolio, serving overlapping PVC pipe and medical-grade applications.
- Galata Chemicals: Global specialty chemicals company focused on organotin and other PVC heat stabilizers, plasticizers, and lubricants. Direct competitor to Vikas Ecotech's FDA-approved organotin stabilizers and additives business across PVC pipe, packaging, and medical-grade applications.
- Songwon Industrial Co., Ltd. South Korean specialty chemicals leader in polymer stabilizers, flame retardants, and plasticizers with global manufacturing footprint. Directly comparable to Vikas Ecotech across flame retardants (V-ECOFLAMEX ATH), plasticizers (ADDFLEX), and polymer additive categories.
- Plastiblends India Ltd. Indian-listed masterbatch and specialty additive manufacturer serving similar polymer processing customers. Comparable as a domestic Indian peer competing for the same PVC, polyolefin, and engineering plastics compound customers as Vikas Ecotech's compound and additive lines.
- Reagens S.p.A. Italian specialty chemicals producer specializing in PVC stabilizers (including organotin and calcium-zinc systems), plasticizers, and flame retardants. Direct competitor to Vikas Ecotech in specialty stabilizers and additives, particularly for rigid PVC and food-contact applications.
- Valtris Specialty Chemicals: US-based specialty plastic additives manufacturer producing stabilizers, plasticizers, and modifiers for PVC and other polymer systems. Overlaps with Vikas Ecotech across specialty additives for polymer processing, particularly in packaging and construction PVC segments.
- Chemplast Sanmar Ltd. Indian-listed specialty chemicals manufacturer focused on PVC resins, chlorochemicals, and specialty intermediates. Comparable Indian peer serving overlapping polymer and PVC value chain customers with similar end-market exposure.
- Italmatch Chemicals S.p.A. Global specialty chemicals company producing plastic additives including stabilizers, flame retardants, and bioplasticizers. Direct competitor to Vikas Ecotech's specialty additives portfolio, particularly relevant in the bio-based and sustainable plasticizer space where Vikas competes with ESBO.
- DCW Ltd. Indian-listed specialty chemicals company producing PVC, chlor-alkali, and specialty intermediates. Comparable Indian peer competing in similar specialty chemical categories serving polymer and packaging manufacturers, with overlapping B2B distribution channels.
Broad incumbents
- BASF SE: Global chemicals giant offering PVC stabilizers, plasticizers, flame retardants, and polymer additives as part of a much broader chemicals portfolio. Vikas Ecotech competes with BASF at the specialty additives level while Vikas also distributes BASF products in India through its trading business.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Vikas Ecotech social profiles
Digital presenceVikas Ecotech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vikas Ecotech leadership team
Management profileNumber of profiles
Profiles4 records
Vikas Ecotech subsidiaries and ownership
Company hierarchySubsidiaries1 record
Vikas Ecotech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vikas Ecotech M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vikas Ecotech
What does Vikas Ecotech do?
Vikas Ecotech manufactures and sells specialty chemical additives including organotin PVC stabilizers, flame retardants, plasticizers, chlorinated paraffin, and dimethyl tin dichloride, along with polymer compounds (TPR, TPE, EVA) and recycled PVC/PET compounds. The company also acts as an Indian distributor for international chemical producers including Mitsui Chemicals, ACE Chemical, Kum Yang, and LG Chem. Its products are used by industrial manufacturers across agriculture, automotive, cables, electricals, healthcare, packaging, textiles, and footwear sectors, with exports to more than 20 countries across four continents.
Is Vikas Ecotech a public or private company?
Vikas Ecotech is a public company. It is classified as public and is currently operating.
When was Vikas Ecotech founded?
Vikas Ecotech was founded in 1984. It employs 51 to 100 people.
Where is Vikas Ecotech based?
Vikas Ecotech is headquartered in New Delhi, India, in the Asia region.
How does Vikas Ecotech make money?
Four revenue lines are on record. Specialty Additives Manufacturing and Sales are the primary driver. The others are polymer Compounds, traded Chemical Products and recycled Materials.
Who are Vikas Ecotech's main competitors?
Direct peers on record are Baerlocher GmbH, Galata Chemicals, Songwon Industrial Co., Ltd., Plastiblends India Ltd., Reagens S.p.A., Valtris Specialty Chemicals, Chemplast Sanmar Ltd., Italmatch Chemicals S.p.A. and DCW Ltd.. BASF SE is listed as a broad incumbent.
Does Vikas Ecotech have an API?
No public API is recorded for Vikas Ecotech.
What industry is Vikas Ecotech in?
Vikas Ecotech's product category is Specialty Chemicals. Its primary akta.pro industry code is IMANABAK, Medical & Food-Contact Specialty Compounds, with a secondary code of IMAEADAK, Plasticizers & Solvents (Phthalates/Alternatives, Commodity Solvents). Its NAICS code is 325 and its SIC code is 2800.