What CICO does

CICO (legal entity: CICO Technologies Limited) is an Indian specialty construction chemicals manufacturer founded in 1930 by mining engineer N.R. Gupta. The company produces waterproofing coatings and integral waterproofers (Tapecrete, Corchem 206 I, Hydroguard ACR, CICO 1/Super, Sipel), concrete admixtures and concrete aids, epoxy and polymer-based repair compounds (CICO 3, Epoxy Range), industrial flooring, grouts, shotcrete accelerators, capsule products for mining and tunneling, tile and structural adhesives, sealants, bonding agents, and anti-carbonation protective coatings. Through wholly-owned subsidiary CICO Polymers Private Limited (CPPL), it also manufactures styrene-acrylic emulsions, pure acrylic emulsions, and acrylic dispersants/thickeners for the construction chemical, paint, and coating industries. The portfolio is developed in state-of-the-art in-house R&D laboratories with joint product development alliances with leading global companies.

The business model is asset-heavy specialty chemicals manufacturing sold primarily through a nationwide Indian distributor network supplemented by direct enterprise sales to large contractors (L&T, HCC, Simplex, J. Kumar, Patel, Afcons) and government infrastructure clients (NTPC, NHPC, NPCIL, NHAI, major port trusts, airports), and through a pioneered retail marketing motion and mobile app reaching individual homeowners. Pricing is quote-based and not publicly disclosed. Four manufacturing plants at Gurgaon, Haridwar, Kolkata, and Chennai serve the domestic market plus South Asian distribution in Sri Lanka, Bangladesh, and Nepal.

CICO is a family-owned enterprise across three-to-four generations of the Gupta family, currently led by Chairperson & Managing Director Anasuya Gupta and Director Abhiroop Gupta. The company is private with no identified institutional investors or parent organization, and has accumulated recognition including CIDC Vishwakarma (2013), BID International Star for Quality (2006) and Global Golden Award (2009), and an IES Excellence Award (2015). Customers include flagship Indian infrastructure projects across thermal, hydro, and nuclear power; national highways and expressways; sea ports; airports; and heritage sites such as Humayun's Tomb and Rashtrapati Bhawan.

Name

CICO

Legal name

CICO TECHNOLOGIES LIMITED

Website

https://cicogroup.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

101–250 employees

Short description

CICO is a 90+ year-old Indian specialty construction chemicals manufacturer producing waterproofing coatings, concrete admixtures, repair compounds, and polymer emulsions. It serves infrastructure developers, contractors, government agencies, and homeowners via four plants and distribution across India, Sri Lanka, Bangladesh, and Nepal.

Ownership category

akta.pro rank

Product category

Construction Chemicals

NAICS

Paint, Coating, and Adhesive Manufacturing (3255), Paint and Coating Manufacturing (32551), Adhesive Manufacturing (32552)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Adhesives & Sealants (2891)

akta.pro primary industry

Industrial Protective Coatings (IMAEAHAB)

akta.pro secondary industry

Industrial Protective Coatings (IMADAKAB)

Keywords

• Construction chemicals manufacturing
• Waterproofing solutions
• Concrete admixtures
• Industrial flooring systems
• Polymer emulsions

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Construction Chemical Products: CICO generates revenue through manufacturing and selling a comprehensive range of construction chemicals including waterproofing products, concrete admixtures, grouts, industrial flooring, epoxy products, repair compounds, adhesives, and sealants. Products are sold through distributors and direct channels to construction companies, infrastructure projects, and individual consumers.
2. Polymer Emulsions: CICO Polymers Private Limited (CPPL) manufactures and sells polymer emulsions including styrene acrylic emulsions, pure acrylic emulsions, dispersants and thickeners to Construction Chemical, Paint and Coating Industries.
3. Technical Support Services: The company provides technical support services including consultation, problem diagnosis, and customized solution recommendations for waterproofing and construction chemical applications.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

CICO manufactures and sells a comprehensive range of construction chemicals including waterproofing coatings (Tapecrete, Corchem, Hydroguard ACR), integral waterproofing products (CICO 1/Super), water repellents (Sipel), concrete admixtures, repair compounds (CICO 3, Epoxy Range), grouts, industrial flooring, shotcrete accelerators, adhesives, sealants, and protective coatings. Through subsidiary CICO Polymers Private Limited (CPPL), it also produces polymer emulsions (styrene acrylic, pure acrylic) for the construction chemical, paint, and coating industries. Products serve new construction, refurbishment, and heritage restoration projects.

Product overview

CICO is a construction chemicals company offering a comprehensive portfolio of waterproofing, concrete admixtures, repair compounds, industrial flooring, adhesives, sealants, and polymer emulsions. The core product lines include Tapecrete (leading waterproofing coating), Corchem 206 I (polyurethane waterproofing), CICO 1/Super (integral waterproofing), concrete admixtures, and grouting compounds. CICO Polymers Private Limited (CPPL) produces polymer emulsions including CICOSTYCRYL, CICOPOLYCRYL, and CICO DISPERSOL product lines for the construction chemical, paint, and coating industries. Products are manufactured in four plants across Gurgaon, Haridwar, Kolkata, and Chennai, with distribution throughout India and presence in Sri Lanka, Bangladesh, and Nepal.

Differentiator

Problem solved

Functional benefit

Brands

• CICO Polymers: Polymers division of CICO operating as CICO Polymers Private Limited (CPPL)
• CIQUEL

Products and services

• Tapecrete Waterproofing Coating Polymer-modified liquid applied waterproofing membrane coating with anti-carbonation properties, vapor permeability, and resistance to cracking, peeling, or blistering. Used for roof, basement, and various concrete structure waterproofing.
• Corchem 206 I Polyurethane Waterproofing Polyurethane-based waterproofing coating with elongation of more than 300%, designed for structures prone to cracking and suitable for roofs and terrace gardens with extreme temperature fluctuations.
• Hydroguard ACR Roof Waterproofing Specialized roof waterproofing coating designed for terrace gardens and areas with extreme temperature fluctuations.
• CICO 1 / Super Integral Waterproofing Integral waterproofing additive that makes concrete itself waterproof when mixed into cement mortar or concrete. Used for new construction waterproofing at the mix stage.
• Sipel Water Repellent Water repellent product for vertical walls that provides waterproofing without changing the look of the original surface, preserving aesthetics while delivering protection.
• Concrete Admixtures Water reducing agents and plasticizers in liquid form that improve workability of concrete, reduce cement ratio while maintaining strength, used in mass concrete for residential, industrial buildings, highways, and dams.
• Concrete Aids (Curing Compounds and Formwork Release Agents) Curing compounds for eco-friendly concrete curing and formwork release agents (shuttering oil) for easy release of formwork and fair-faced concrete.
• CICO 3 Emergency Repair Compound Fast-setting and plugging compound for emergency repair situations, used in cement mortar and concrete applications where rapid strength development is critical.
• Epoxy Repair Range Epoxy and polymer-based repair products known for low viscosity, excellent adhesion, chemical resistance, mechanical strength, aesthetics, and finish for specialized repair scenarios.
• Grouts and Grouting Compounds Cementitious, epoxy resin, and polyester resin based products for grouting base plates under foundations, anchoring bolts, and structural consolidation. Available in pourable, injectable, and capsule forms.
• Industrial Flooring Epoxy resin-based floor coatings and cementitious flooring compounds for abrasion-resistant industrial floors in factories, areas with steel wheel/truck movement, and hygienic environments like food and pharmaceutical industries.
• Shotcrete Accelerators Specialty chemicals for wet or dry process sprayed concrete and mortar used in galleries, tunnels, retaining walls, embankments, and tank linings.
• Capsule Products for Rock Bolting Resin and cement capsule products for rock bolting in mines, tunnels, emergency dam repairs, water tank repairs, heavy machinery installation, and defense installations.
• Tile and Structural Adhesives Adhesives for bonding ceramic and mosaic tiles to concrete or plastered surfaces, floors, and walls.
• Sealants Polysulphide or polyurethane-based sealants for forming long-lasting weather-resistant and waterproof seals in expansion joints.
• Bonding Materials Epoxy resin-based bonding agents for bonding old to old, old to new concrete, pre-stressed concrete segmental bridge construction, and sealing crack surface defects.
• CICO Guard WS / CICO Guard S Anti-Carbonation Coatings Anti-carbonation paint that forms an impermeable coating preventing ingress of carbon dioxide or chloride ions into concrete substrate, protecting structures from carbonation effects.
• CICO ANTIFREEZE Concrete Admixture Special admixture designed for cold weather conditions to prevent decrease in rate of hydration and prevent freezing of fresh concrete.
• CICO Polymers Emulsion Range (CICOSTYCRYL, CICOPOLYCRYL, CICO DISPERSOL) Styrene acrylic emulsions (CICOSTYCRYL 7610 AA, 4010 SE, 295DA), pure acrylic emulsions (CICOPOLYCRYL 2610 AC, 2610 S-AC), and acrylic dispersants/thickeners (CICO DISPERSOL: ASD-3000, ASD-4000, 3000AA, 3100A1, 3300A3, 3700A2) manufactured by CICO Polymers Private Limited (CPPL) for the construction chemical, paint, and coating industries.

Quantifiable outcome

• Products extend structural lifespan and reduce long-term repair costs by preventing waterproofing failures at the source
• +1 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Leading Companies Across the WorldcoreTechnology or IntegrationCICO has entered into alliances with leading companies across the world for joint development of widely acclaimed products and process innovations. This R&D collaboration has enhanced CICO's ability to continuously evolve its product basket and develop specialized construction chemical solutions.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Pidilite Industries: India's largest construction chemicals and adhesives company, best known for the Dr. Fixit waterproofing brand. Direct competitor to CICO across waterproofing, tile adhesives, and sealants, with substantially larger scale and retail reach in the same Indian market.
• Sika AG: Global Swiss construction chemicals leader with a strong India subsidiary. Competes head-to-head with CICO in concrete admixtures, waterproofing, sealing, bonding, and repair products across India's infrastructure and commercial construction segments.
• Fosroc International: UK-headquartered construction chemicals specialist with a significant India operation. Directly comparable to CICO across concrete admixtures, grouts, waterproofing, industrial flooring, and repair products used in Indian infrastructure and building projects.
• Mapei SpA: Italian global leader in adhesives, sealants, and chemical products for the construction industry. Operates in India and competes with CICO in tile adhesives, grouts, waterproofing membranes, and concrete repair systems across commercial and infrastructure segments.
• Bostik (Arkema): Global adhesives and sealants specialist with a presence in India. Directly comparable to CICO's tile adhesive, structural bonding, and sealant lines used in construction and infrastructure applications.
• Chryso SAS: French specialist in concrete admixtures and cement additives, now part of Saint-Gobain. Directly comparable to CICO's concrete admixture and additives business serving Indian infrastructure projects including highways, dams, and mass concrete pours.

Broad incumbents

• BASF SE: Global chemical major with a construction chemicals portfolio including Master Builders Solutions. Competes with CICO in admixtures, waterproofing, and repair products, particularly on large Indian infrastructure tenders where global supplier status is preferred.
• Asian Paints: India's largest decorative paint company with an expanding waterproofing and construction chemicals portfolio through brands like SmartCare. Competes with CICO at the retail and project level in waterproofing, sealants, and surface coatings.
• Saint-Gobain: Global construction products and chemicals group operating in India through subsidiaries including Chryso (admixtures) and Weber (tile adhesives and waterproofing). Competes with CICO across concrete admixtures, tiling systems, and protective coatings.

Regional players

• Berger Paints India: Major Indian paints and coatings company with growing construction chemicals and waterproofing offerings. Comparable as an India-centric protective coatings and waterproofing competitor leveraging similar distribution and brand-building strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CicoTechLtd
• LinkedInlinkedin.com/company/cico-technologies-ltd
• Xx.com/cicotechltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

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 CICO