What Tanfac Industries does

Tanfac Industries Limited is an India-based fluorine-based chemical manufacturer incorporated in 1972 and operating since 1985 as a joint venture between Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company produces a portfolio of 11 core products across four categories: Hydrofluoric Acids & Derivatives (Anhydrous HF, Diluted HF, Solar Grade DHF), Aluminium & Fluoride Compounds (Aluminum Fluoride, Sodium Silico Fluoride), Potassium Salts (Potassium Fluoride, Potassium Bifluoride), and Specialty Complexes & Acids (Sulphuric Acid 98%, Boron Trifluoride Complexes, Hydrogen Fluoride Pyridine Complex, Hexafluorophosphoric Acid). Manufacturing is concentrated at a single 60-acre facility in Cuddalore, Tamil Nadu with 135,000 MT annual capacity, supported by a corporate office in Chennai. The company holds ISO 9001, ISO 14001, and ISO 45001 certifications and implements Total Productive Maintenance with JIPM Japan support.

The company operates a B2B enterprise sales model targeting industrial customers in chemicals, pharmaceuticals, refrigerants, metallurgy, fertilizers, and increasingly solar/semiconductor sectors. Revenue is generated through negotiated long-term supply contracts (typically 3.5-7 years) with major industrial customers, including a 7-year Rs 2,362.5 crore contract with a Japanese customer, a 5-year Rs 1,250 crore contract with a large multinational, and a 3.5-year Rs 336 crore contract with Krishna Organics. FY26 revenue reached Rs 7,111 million (+27.7% YoY), though profitability compressed with PAT declining 20.43% YoY to Rs 70.14 crore due to margin pressure. The company is publicly listed on BSE under ticker TANFAC, serves 400+ customers across 10 countries, and is currently executing a Rs 495 crore downstream fluorinated chemicals capacity expansion targeted for Q3 FY27 commissioning.

Name

Tanfac Industries

Legal name

TANFAC INDUSTRIES LIMITED

Website

https://tanfac.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

Tanfac Industries is an India-based fluorine chemical manufacturer producing hydrofluoric acids, aluminum fluoride, potassium salts, and specialty complexes for chemicals, pharmaceutical, refrigerant, metallurgy, and solar/semiconductor industries under long-term B2B supply contracts.

Ownership category

akta.pro rank

Product category

Fluorochemicals

NAICS

Chemical Manufacturing (325), Other Basic Inorganic Chemical Manufacturing (325180), Basic Chemical Manufacturing (3251)

SIC

Industrial Inorganic Chemicals (2810), Chemicals & Allied Products (2800)

akta.pro primary industry

Chlor-Alkali & Derivatives (IMAEAAAC)

akta.pro secondary industry

Electronics & Semiconductor High-Purity Gases (IMAEACAG)

Keywords

• Fluorochemical manufacturing
• Hydrofluoric acid production
• Aluminum fluoride manufacturing
• Specialty fluorinated chemicals
• Solar grade HF production

Headquarters

HQ city

Cuddalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fluorochemical Product Sales: Revenue generated from manufacturing and selling fluorochemical products including hydrofluoric acids, aluminum fluoride, potassium salts, and specialty complexes. The company has secured long-term supply contracts providing revenue visibility, including contracts worth Rs 6,490 million per annum and a Rs 2,362.5 crore seven-year contract with a Japanese customer.
2. Long-term Supply Agreements: Multi-year supply contracts with major industrial customers providing committed volumes and revenue predictability. Notable contracts include 7,500 MT per annum supply to Japanese customer over 7 years (Rs 3.37 billion per year), 5,000 MT per annum fluorinated product supply over 5 years (Rs 1,250 crore total), and Solar Grade DHF supply contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Tanfac Industries manufactures and sells fluorine-based chemicals including Anhydrous Hydrofluoric Acid, Diluted Hydrofluoric Acid, Solar Grade Diluted HF, Aluminum Fluoride, Sodium Silico Fluoride, Potassium Fluoride, Potassium Bifluoride, Sulphuric Acid, Boron Trifluoride Complexes, Hydrogen Fluoride Pyridine Complex, and Hexafluorophosphoric Acid. The company produces 135,000 MT per annum across a 60-acre facility in Cuddalore, Tamil Nadu, supplying industrial customers in chemicals, pharmaceuticals, refrigerants, metallurgy, fertilizers, and solar/semiconductor sectors through direct enterprise sales and long-term supply contracts.

Product overview

Tanfac Industries is a fluorine-based chemical manufacturer offering a diverse portfolio of 11 core chemical products organized into four categories: Hydrofluoric Acids & Derivatives (Anhydrous HF, Diluted HF, Solar Grade DHF), Aluminium & Fluoride Compounds (Aluminum Fluoride, Sodium Silico Fluoride), Potassium Salts (Potassium Fluoride, Potassium Bifluoride), and Specialty Complexes & Acids (Sulphuric Acid 98%, Boron Trifluoride Complexes, Hydrogen Fluoride Pyridine Complex, Hexafluorophosphoric Acid). The company operates as a joint venture between Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO), serving critical industries including chemicals, pharmaceuticals, refrigerants, metallurgy, fertilizers, solar/semiconductor, and advanced industrial processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Anhydrous Hydrofluoric Acid A colourless gaseous liquid with minimum 99.80% purity used for manufacturing refrigerants, organic and inorganic fluorine compounds, elemental fluorine production, and as a catalyst in the petrochemical industry for alkylation. Sold to chemical manufacturers, refrigerant producers, and petrochemical companies.
• Diluted Hydrofluoric Acid A non-volatile acid with variable concentration (15% to 70%) used in chemical manufacturing, mining of rare earth metals, metal surface treatment, glass processing, and drilling operations. Sold to chemical and industrial manufacturers.
• Solar Grade Dilute Hydrofluoric Acid (DHF) A high-purity HF solution engineered for solar photovoltaic and semiconductor applications with ultra-low impurities (less than 10ppb trace elements), used for silicon wafer texturing, cleaning, and etching processes. Sold to solar PV and semiconductor wafer manufacturers.
• Aluminum Fluoride A solid powder product (minimum 90% purity) used as a makeup ingredient in the molten electrolyte of aluminium reduction cells, in the electrolytic process for refining aluminium, and in the glass industry for enamels and ceramics. Sold to aluminum smelters and glass manufacturers.
• Sodium Silico Fluoride A white powder used in the manufacture of opalescent glass, enamels for china and porcelain, and as aluminium and other melting fluxes. Sold to glass, ceramics, and metallurgical industries.
• Potassium Fluoride A deliquescent solid used as a fluorinating agent in organic compounds, flux for solder and insecticide formulation, with particle size distribution of 1-150 microns. Sold to specialty chemical and agrochemical manufacturers.
• Potassium Bifluoride A white crystalline hygroscopic powder used as an electrolyte in fluorine manufacture, flux for silver solders, and catalyst in alkylation of benzene with olefins. Sold to metalworking and chemical manufacturers.
• Sulphuric Acid 98% A colorless to white turbid liquid with minimum 98% purity used in agriculture for fertilizers, chemical industry as oxidizing and dehydrating agent, metallurgy, petroleum refining, textiles, and water treatment. Sold to fertilizer, chemical, and industrial manufacturers.
• Boron Trifluoride Complexes A colorless fuming liquid with minimum 47% BF3 content used as a Lewis Acid catalyst to manufacture chemical intermediates, pharmaceuticals, agricultural products, fragrances, and as polymerization catalyst. Sold to pharmaceutical, specialty chemical, and polymer manufacturers.
• Hydrogen Fluoride Pyridine Complex A yellow to brown liquid with 68-70% W/W acidity as HF, used as a stabilized form of HF in organic synthesis and fluorination reactions, widely used in pharmaceutical and specialty chemical production. Sold to pharmaceutical and specialty chemical manufacturers.
• Hexafluorophosphoric Acid (HPF6) A colorless to yellow fuming liquid with minimum 60% assay by chemical, used in organic synthesis and fluorination reactions, offered in HDPE Carboy packing. Sold to specialty chemical and pharmaceutical manufacturers.

Quantifiable outcome

• Record annual revenue of Rs 7,111 million in FY26, up 27.7% year-on-year
• +3 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core, major, notable and supporting.

• Japanese Specialty Chemical CustomercoreStrategic or Co-development PartnerTanfac signed a 7-year supply contract with a Japanese customer for 7,500 metric tonnes per annum of fluorinated chemicals effective January 2027, with an estimated aggregate value of approximately Rs 2,362 crore. The contract represents 37.5% of the company's recently announced fluorinated chemical plant capacity.
• Blue StarmajorChannel Partner/ Reseller/ DistributorTanfac Industries entered into a long-term supply agreement with Blue Star, an Indian multinational air conditioning and commercial refrigeration company, for supply of fluorinated products.
• Krishna OrganicsnotableChannel Partner/ Reseller/ DistributorTanfac secured a major order from Krishna Organics to supply Solar Grade Diluted Hydrofluoric Acid valued at approximately Rs 336 crore over 3.5 years.
• JIPM (Japan Institute of Plant Maintenance)supportingStrategic or Co-development PartnerTanfac implemented Total Productive Maintenance (TPM) with support and guidance from JIPM, Japan, demonstrating commitment to operational excellence and world-class manufacturing practices.

Scale indicators14 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• SRF Limited: Indian specialty chemicals company with significant fluorochemicals, refrigerants, and fluoropolymer exposure alongside packaging films. Comparable as a diversified Indian specialty/chemical peer serving similar end markets.
• Navin Fluorine International: India's largest listed fluorochemicals company producing HF, refrigerants, and specialty fluorinated intermediates for pharma, agro, and electronics customers. Most directly comparable Indian listed peer with overlapping product portfolio and end markets.
• Gujarat Fluorochemicals (GFL): Indian fluorochemicals major producing HF, refrigerants, fluoropolymers, and specialty chemicals with global scale. Closest direct competitor in Indian HF and refrigerant value chain, with deeper fluoropolymer exposure.

Broad incumbents

• Honeywell International: US conglomerate with a large Performance Materials and Technologies segment producing HFO refrigerants, HF, and fluorinated specialties. Comparable as a high-purity fluorochemicals supplier to global refrigerant and electronics customers.
• Arkema: French global specialty chemicals major with a leading fluorochemicals business (Forane refrigerants, fluoropolymers). Comparable as a large incumbent serving identical end markets (refrigerants, electronics, pharma intermediates) globally.
• Orbia (Mexichem): Global fluorinated and specialty chemicals (Vestolit, Polymer Solutions) and fluorochemicals producer. Comparable as a global incumbent with HF and downstream fluorinated product exposure serving similar industrial customers.

Regional players

• Stella Chemifa: Japanese specialty fluorochemicals company producing high-purity HF for semiconductors and batteries. Comparable as a regional high-purity HF supplier to electronics customers, and a potential competitor for the same Japanese customer base Tanfac is contracting with.
• Morita Chemical Industries: Japanese manufacturer of hydrofluoric acid and inorganic fluorides for industrial and electronics applications. Comparable as a regional Japanese HF and fluoride peer that Tanfac is increasingly selling into via its long-term Japanese contracts.

Others

• Daikin Industries: Global air conditioning and refrigerant major, and a significant buyer of high-purity HF for HFC/HFO production. Comparable as a key downstream customer in the refrigerant value chain, with potential vertical integration overlap.

Emerging players

• Anupam Rasayan India: Tanfac's strategic promoter and parent (24.96% stake) producing specialty fluorinated intermediates for agrochemical and pharmaceutical customers. Comparable as a customer and partial integrator of Tanfac's downstream fluorinated output.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tanfac-industries-limited
• Facebookfacebook.com/tanfac

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

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 Tanfac Industries