Neogen Chemicals

What Neogen Chemicals does

Neogen Chemicals Limited is a Thane, India-headquartered specialty chemicals manufacturer founded in 1989 by Haridas T. Kanani (IIT Mumbai chemical engineer). The company specializes in bromine and lithium chemistry, producing approximately 233 products across six categories: organo-bromine compounds (alkyl bromides, dibromoalkanes, bromo-chloro compounds, aromatic and cyclic bromine derivatives, bromo-fluoro derivatives), specialty chloro compounds, inorganic bromine compounds, lithium salts (including lithium bromide, lithium chloride, lithium carbonate, and lithium bis(fluorosulfonyl)imide/LiFSI), Grignard reagents (organometallics such as n-Butyl Lithium and various magnesium halides), and advanced intermediates for pharmaceutical API synthesis. Manufacturing is conducted at three ISO-certified sites spanning ~52 acres — Mahape (Navi Mumbai, Maharashtra), Karakhadi (Vadodara, Gujarat), and Dahej SEZ (Gujarat, GMP-certified by SGS for pharmaceutical intermediates, ICH-Q7A compliant) — supported by a 46-member R&D team led by five Ph.D-qualified leaders across two R&D facilities.

The company sells on a B2B direct-sales basis to pharmaceutical manufacturers, agrochemical producers, and specialty chemical formulators in India and globally, with custom quote-based pricing negotiated per product specification, volume, and purity grade. FY26 revenue reached Rs 861.96 crore (~USD 103M), up 10.85% YoY, with Q4 FY26 revenue of Rs 246.56 crore growing 21.57% YoY and EBITDA margins of 17.8%. Neogen is publicly listed on NSE (NEOGEN) and BSE (NEOGENCHEM).

Neogen is executing a strategic pivot into EV battery materials through wholly-owned subsidiary Neogen Ionics Limited (battery chemicals project at Pakhajan, commissioning through FY27) and a joint venture with Japan's Morita Investment — Neogen Morita — for electrolyte manufacturing, with projected revenue potential of Rs 2,500-2,950 crore by FY29. A March 2026 Rs 161 crore preferential issue to promoter entity Cadamba Solutions at Rs 1,610/share, with Rs 100 crore directed to Neogen Ionics, funds this expansion. The strategic intent is to capture share in India's projected 115 GWh lithium-ion battery demand by 2030 and reduce domestic dependency on imported battery materials. Other subsidiaries include Buli Chemicals and Neogen Chemicals Japan.

Name

Neogen Chemicals

Legal name

Neogen Chemicals Limited

Website

http://neogenchem.com/

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Neogen Chemicals is an India-based specialty chemicals manufacturer specializing in bromine and lithium chemistry, producing approximately 233 organo-bromine compounds, lithium salts, Grignard reagents, and pharmaceutical intermediates for pharmaceutical, agrochemical, and specialty chemical customers, with an emerging EV battery materials business.

Ownership category

akta.pro rank

Product category

Specialty Chemicals Manufacturing

NAICS

Chemical Manufacturing (325), Other Chemical Product and Preparation Manufacturing (3259)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Electronic & High-Purity Specialty Chemicals (IMAEABAD)

akta.pro secondary industry

Battery & Energy Storage High-Purity Chemicals (Electrolyte salts/solvents, additives) (IMAEAKAM)

Keywords

• Specialty chemicals manufacturing
• Bromine-based compounds
• Lithium salts production
• Pharmaceutical intermediates
• Grignard reagents

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices4 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. Specialty Chemicals Manufacturing and Sales: Core revenue from manufacturing and selling specialty chemicals including organo-bromine compounds, specialty chloro compounds, inorganic chemicals, grignard reagents, and advanced intermediates to pharmaceutical, agrochemical, and specialty chemical industries.
2. Battery Materials: Emerging revenue stream from battery chemicals and electrolytes through Neogen Ionics Limited subsidiary and Neogen Morita JV, targeting the growing EV battery market in India.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Neogen Chemicals manufactures and sells specialty chemicals specializing in bromine-based compounds (organo-bromine compounds, inorganic bromine compounds), Grignard reagents (organometallic compounds including n-Butyl Lithium), inorganic lithium salts, and advanced intermediates for pharmaceutical and agrochemical applications. The company operates three manufacturing sites in India producing approximately 233 products, and is expanding into battery materials and electrolytes for the EV sector through its subsidiary Neogen Ionics Limited and joint venture Neogen Morita with Japan's Morita Investment.

Product overview

Neogen Chemicals is a chemical manufacturer specializing in Bromine-based and Lithium-based compounds with a portfolio of approximately 233 products across six main categories. The company operates three manufacturing sites in India (Mahape, Karakhadi, and Dahej SEZ) and offers custom synthesis services. The core product lines include Organo Bromine Compounds (alkyl bromides, dibromoalkanes, bromo-fluoro derivatives), Specialty Chloro Compounds (chloro derivatives, organometallics), Inorganic Chemicals (inorganic bromine compounds, lithium salts), Grignard Reagents, and Advance Intermediates for pharmaceutical applications. The company is expanding into battery materials and electrolytes through its subsidiary Neogen Ionics Limited.

Differentiator

Problem solved

Functional benefit

Products and services

• Organo Bromine Compounds Bromine-based organic compounds manufactured for pharmaceutical, agrochemical, and specialty chemical industries. Includes alkyl bromides, dibromoalkanes, bromo-chloro compounds, bromine derivatives of organoacids, bromoacid esters, aromatic and cyclic bromine derivatives, and specialty bromo-fluoro derivatives for industrial customers.
• Specialty Chloro Compounds Specialty chloro compounds including chloro derivatives, unsaturated bromine derivatives, bromo-hydroxy derivatives, organometallic compounds, Grignard reagents, and lithium compounds for industrial applications in pharmaceutical and specialty chemical sectors.
• Inorganic Chemicals (Bromine and Lithium Salts) Inorganic bromine compounds and lithium salts used in various industrial chemical processes. Includes lithium bromide, lithium chloride, lithium nitrate, lithium sulphate, lithium carbonate, lithium fluoride, lithium iodide, and lithium bis(fluorosulfonyl)imide (LiFSI) for battery and industrial applications.
• Grignard Reagents Grignard reagents including methyl, ethyl, vinyl, and phenyl magnesium halides, plus n-Butyl Lithium, methyl magnesium chloride, ethyl magnesium bromide, and various phenyl and cyclohexyl magnesium halides. Used as versatile reagents in organic synthesis for pharmaceutical and specialty chemical applications.
• Advance Intermediates Advanced intermediate chemical compounds for pharmaceutical, agrochemical, and specialty chemical manufacturing including API intermediates with complex molecular structures. Manufactured under GMP certification at Dahej SEZ for pharmaceutical customers.

Quantifiable outcome

• Revenue of Rs 861.96 crore for FY26 with 10.85% YoY growth
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Neogen Ionics LimitedcoreOthers · 29 March 2026Wholly-owned subsidiary of Neogen Chemicals established for battery chemicals project. Received Rs 100 crore funding from the Rs 161 crore preferential issue for battery chemicals expansion at Pakhajan. Subsidiary is key to company's strategy of entering battery materials market.
• Morita Investment (Japan)coreTechnology or IntegrationJoint venture with Japan's Morita Investment for electrolyte manufacturing targeting India's EV battery market. Projected revenue potential of Rs 2,500-2,950 crore by FY29. This partnership provides access to Japanese technology and expertise in battery electrolyte production for the growing electric vehicle sector in India.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• ICL Group: Israel Chemicals (ICL) is one of the world's largest specialty producers of bromine compounds, lithium salts, and phosphate specialties — directly comparable to Neogen's bromine and lithium chemistry focus. ICL's specialty chemicals segment serves pharmaceutical and agrochemical customers, the same verticals Neogen targets.
• Lanxess AG: Lanxess is a German specialty chemicals company with a leading position in bromine-based intermediates and flame retardants. Its consumer protection and specialty additives segments are highly comparable to Neogen's organo-bromine compound manufacturing for pharmaceutical and agrochemical intermediates.
• Albemarle Corporation: Albemarle is a global leader in lithium and bromine specialties, making it directly comparable to Neogen's lithium salts portfolio (LiFSI, lithium bromide) and bromine-based intermediates. Both companies serve pharmaceutical, agrochemical, and increasingly battery materials end-markets.
• Aarti Industries Limited: Aarti Industries is one of India's largest specialty chemicals manufacturers producing intermediates for pharmaceuticals, agrochemicals, and polymers. It is a direct Indian-listed peer to Neogen in the specialty chemical intermediates space with similar B2B sales model and customer base.
• SRF Limited: SRF is an Indian multinational specializing in fluorochemicals, specialty chemicals, and technical textiles. Its specialty chemicals segment serves similar pharmaceutical and agrochemical intermediate customers as Neogen, with comparable scale, GMP capabilities, and B2B direct sales motion.
• Navin Fluorine International Limited: Navin Fluorine is an Indian specialty chemicals company focused on fluorine chemistry, refrigerants, and pharmaceutical intermediates. It is comparable to Neogen as a domestic specialty intermediates manufacturer serving pharmaceutical and agrochemical customers with similar operating model.
• Deepak Nitrite Limited: Deepak Nitrite is an Indian manufacturer of basic and intermediate chemicals serving pharmaceutical, agrochemical, and specialty chemical industries. It is comparable to Neogen as a publicly listed Indian specialty chemicals company with similar end-customer verticals and B2B sales approach.
• Arcadium Lithium (Livent): Arcadium Lithium (formed by the merger of Livent and Allkem) is a global lithium specialty chemicals producer. It is highly comparable to Neogen's lithium salts portfolio and battery materials expansion strategy through Neogen Morita JV, particularly in electrolyte-grade lithium compounds.
• Gujarat Fluorochemicals Limited: Gujarat Fluorochemicals is an Indian specialty chemicals manufacturer producing refrigerants, fluoropolymers, and intermediates. It is comparable to Neogen as a domestic specialty chemicals player serving industrial customers with similar revenue scale and B2B direct sales model.
• Atul Limited: Atul Limited is a diversified Indian specialty chemicals manufacturer producing intermediates for pharmaceuticals, agrochemicals, and dyes. It serves similar verticals as Neogen with comparable B2B manufacturing model and is a relevant domestic-listed peer for Indian specialty intermediates investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors4 records

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 Neogen Chemicals