Hindusthan Speciality Chemicals

What Hindusthan Speciality Chemicals does

Hindusthan Speciality Chemicals (HSCL) is an India-based specialty chemicals company founded in 2015 and headquartered in New Delhi. The company focuses on the production and supply of epoxy resins and related advanced materials, serving industrial and manufacturing customers that require these inputs for downstream applications. The firm operates in the private market with a headcount in the 1,001–5,000 range, positioning it as a mid-sized specialty chemicals player rather than a large commodity chemical producer.

HSCL's core technology and product portfolio are concentrated in specialty epoxy resin formulations and adjacent advanced material chemistries. Public information on proprietary process technology, patents, certifications, or specific product grades is not disclosed in the available data. The company does not appear to have an app, API, or digital platform offering; its commercial model is anchored in physical chemical product sales to industrial buyers, consistent with the broader Indian specialty chemicals sector.

The single most material event in HSCL's recent corporate history is the June 13, 2025 announcement by DCM Shriram of its plan to acquire HSCL for ₹375 crore (approximately $45 million USD), subject to regulatory approvals. DCM Shriram cited operational synergies and expansion of its presence in advanced materials — particularly epoxy resins — as the strategic rationale. The acquisition represents a change of control event and is currently the dominant data point around which any forward-looking assessment of HSCL must be framed. No revenue, pricing, customer, or distribution channel disclosures are available from the supplied sources.

Name

Hindusthan Speciality Chemicals

Legal name

Hindusthan Specialty Chemicals

Website

https://hindusthanspeciality.com

Company type

Private

Founded year

2015

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Hindusthan Speciality Chemicals is an India-based specialty chemicals company producing epoxy resins and related advanced materials for industrial and manufacturing customers, currently subject to acquisition by DCM Shriram for ₹375 crore.

Ownership category

akta.pro rank

Product category

Specialty Chemicals

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Paint, Coating, and Adhesive Manufacturing (3255), All Other Chemical Product and Preparation Manufacturing (32599)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Adhesives & Sealants (2891), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Specialty Polymers & Resins (Engineered Materials) (IMAEABAK)

akta.pro secondary industries

Adhesives & Sealants Chemicals (IMAEABAA), Industrial & Protective Coatings (IMAEAGAB)

Keywords

• Specialty chemicals
• Epoxy resins
• Construction chemicals
• Industrial adhesives
• Art materials

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Core offering

Hindusthan Speciality Chemicals manufactures specialty chemicals, with its core product portfolio centered on epoxy resins and related advanced materials. The company also produces adhesives, industrial construction chemicals, and art materials for downstream industrial and manufacturing applications.

Product overview

Hindusthan Speciality Chemicals (HSCL) offers specialty chemical products primarily in the advanced materials sector, with a focus on epoxy resins and related chemical formulations. The company operates as an acquisition target by DCM Shriram for ₹375 crore, aimed at creating operational synergies and expanding presence in advanced materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Epoxy Resins and Related Advanced Materials Specialty chemical products focused on epoxy resins and related advanced material formulations, serving industrial and manufacturing buyers in sectors such as construction, coatings, composites, and advanced materials.
• Adhesives Industrial adhesive products manufactured for downstream industrial and construction applications.
• Industrial Construction Chemicals Chemical products formulated for use in industrial construction applications, supplied to construction and infrastructure buyers.
• Art Materials Chemical-based art materials produced as part of the company's specialty chemicals portfolio.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Direct peers

• Atul Ltd: Indian specialty chemicals manufacturer producing epoxy resins, intermediates, and a wide range of performance chemicals. Directly comparable to HSCL on product category (epoxy resins), end-market (industrial/advanced materials), and India-domiciled operations.
• Pidilite Industries: India's largest adhesives manufacturer (Fevicol) and a major supplier of construction chemicals and art/craft materials. Overlaps with HSCL across adhesives, industrial construction chemicals, and art materials segments.
• Sika India: Indian subsidiary of Sika AG supplying construction chemicals, adhesives, and sealants. Directly comparable to HSCL's industrial construction chemicals and adhesives product lines.

Broad incumbents

• Aditya Birla Chemicals (Grasim Industries): Diversified chemicals arm of Aditya Birla Group producing epoxy resins, chlor-alkali, and other specialty chemicals. Comparable as an Indian incumbent with broad epoxy-resin exposure and larger scale.
• BASF India: Indian operations of global chemicals giant BASF, supplying specialty chemicals, performance materials, and resins. Comparable as a large incumbent in the Indian specialty/intermediates space where HSCL also competes.
• Asian Paints: India's largest paints and coatings manufacturer with growing exposure to specialty/adhesive chemicals. Adjacent peer given HSCL's coatings-adjacent product lines (art materials, construction chemicals).
• Henkel (India operations): Global adhesives, sealants, and coatings major operating in India. Comparable to HSCL's adhesives portfolio and provides a multinational benchmark for pricing and product positioning.
• 3M India: Indian subsidiary of 3M, supplying adhesives, specialty materials, and industrial chemicals. Adjacent peer with overlapping industrial customer base and chemical product categories.
• Dow Chemical India: Indian arm of Dow Inc., producing specialty chemicals, resins, and advanced materials. Comparable as a global specialty chemicals incumbent with epoxy-and-adjacent chemistry and Indian operations.

Regional players

• Sto SEA (South Asia) / Shalimar Paints: Indian industrial and protective coatings manufacturer. Comparable to HSCL on coatings-adjacent chemistry and India-domiciled industrial customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks4 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/hscl.bondone
• LinkedInlinkedin.com/company/hindusthan-speciality-chemicals-limited

Revenue estimate

Valuation estimate

Number of profiles

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 Hindusthan Speciality Chemicals