Pluss Polymers

What Pluss Polymers does

Pluss Advanced Technologies Limited (PLUSS), founded in 1993 and headquartered in Gurugram, Haryana, is an India-based specialty chemicals company that develops phase change materials (PCMs) for thermal energy storage and specialty polymers for industrial applications. The company operates as a subsidiary of CUMI (Carborundum Universal Limited), which is itself part of the diversified Murugappa Group, with manufacturing facilities in Bawal (Haryana, on the Delhi-Mumbai Industrial Corridor) and Hyderabad (Telangana), plus a wholly-owned European subsidiary (Pluss Advanced Technologies B.V.) in 's-Hertogenbosch, Netherlands. PLUSS serves customers in more than 40 countries through direct enterprise sales organized by vertical (Life Sciences & Healthcare, Agriculture & Food Cold Chain, Electric Vehicles, Industrial Manufacturing, and Climate Technologies) and through a network of eight named regional distributors across India, the Middle East, Europe, the USA, Africa, and Southeast Asia.

PLUSS's technology is built on two platforms. The first is PCMs — materials that absorb and release large quantities of latent heat during solid-liquid phase transitions at engineered temperatures, including hydrated salts, organic materials, and form-stable composites spanning ranges from -25°C to +25°C with cascaded designs and hibernation capability. The second is specialty polymers produced via chemical grafting of reactive monomers (notably maleic anhydride and glycidyl methacrylate) onto polyolefin backbones, sold as coupling agents, compatibilizers, tie-layer resins, and flow modifiers under the OPTIM, BindEX, NOVIS, ADNYL, and OPTIPET brands, with reCoupp addressing multilayer film and PET recycling. Branded PCM applications include Celsure (pharma cold chain), Miracradle (electricity-free infant warming), Prongo/Thermotab Active (food cold chain), HimaCool/Aagun (solar-powered cold rooms and dryers for agriculture), MassEffekt (building thermal management), and Brrf-PLUSS (wearable cooling for industrial workers).

PLUSS generates revenue predominantly through direct hardware sales of PCM-based products, specialty polymer resins, and temperature-controlled packaging, supplemented by a rental/cooling-as-a-service program for Celsure VIP containers that introduces a recurring revenue stream. GTM is enterprise B2B with vertical-aligned sales specialists, channel partners for regional reach, and a 2025 strategic partnership with Ecodome Logistics to co-develop IoT-enabled reusable pharma shippers. R&D runs from DSIR-certified centers and manufacturing from ISO-certified facilities. Disclosed product outcomes include up to 120 hours of temperature retention, 25% reduction in vaccine spoilage, 75% improvement in EV battery life, 25% improvement in battery range, and a 4x reduction in thermal runaway instances, alongside social-impact claims including 10,000+ infants saved from birth asphyxia and 3.5 million+ vaccines safely distributed since 2016.

Name

Pluss Polymers

Legal name

Pluss Advanced Technologies Limited

Website

https://pluss.co.in

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Pluss Advanced Technologies is an India-based specialty chemicals company developing phase change materials for thermal energy storage and specialty polymers for industrial applications. It serves pharmaceutical cold chain, EV battery thermal management, agriculture, and industrial manufacturing customers across 40+ countries.

Ownership category

akta.pro rank

Product category

Specialty Chemicals and Advanced Materials

NAICS

Plastics Product Manufacturing (3261), Plastics and Rubber Products Manufacturing (326), Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Plastics Products, Nec (3089), Unsupported Plastics Film & Sheet (3081)

akta.pro primary industry

Polymer Additives & Modifiers (Stabilizers, Plasticizers, Impact Modifiers, FRs) (IMAEANAK)

akta.pro secondary industries

Phase-Change Material (PCM) Thermal Storage (Encapsulated, Building-Integrated) (EUAFANAD), Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG), Pharmaceutical & Medical Plastic Packaging Manufacturing (IMANAEAK)

Keywords

• Phase change materials
• Specialty polymers
• Cold chain packaging
• Thermal energy storage
• Polymeric additives

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Phase Change Materials Products: Sale of PCM products including savE PCMs for various temperature applications in life sciences, agriculture, and climate technologies.
2. Specialty Polymers: Sale of chemically modified polymers under brands OPTIM, BindEX, NOVIS, ADNYL, OPTIPET for industrial applications.
3. Temperature Controlled Packaging: Sale of Celsure cold chain packaging solutions including bulk pallet shippers, parcel shippers, and VIP multi-use shippers.
4. Rental Programs: Celsure VIP shipping solutions available through rental programs enabling circular economy and reduced technology adoption costs.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Pluss Polymers (PLUSS Advanced Technologies Limited) manufactures and sells Phase Change Materials (PCMs) and specialty polymeric additives. Its PCM products enable precise thermal energy storage and temperature control for pharmaceutical cold-chain packaging, neonatal care, agri-food cold chain, EV battery thermal management, and built-environment HVAC. Its specialty polymers include coupling agents, compatibilizers, tie-layer resins, PP flow modifiers, chain extenders, and toughening agents sold to automotive, packaging, wire & cable, white goods, and recycling industries.

Differentiator

Problem solved

Functional benefit

Brands

• Celsure: Temperature-controlled packaging solutions for pharmaceutical products including pallet shippers and parcel shippers
• Miracradle
• savE
• Prongo
• HimaCool
• Aagun
• Thermotab Active
• OPTIM
• BindEX
• NOVIS
• reCoupp
• OPTIPET
• ADNYL
• MassEffekt
• Brrf-PLUSS
• Celsure4Earth
• Celsure VIP

Products and services

• Celsure Temperature Controlled Packaging Pre-validated PCM-based cold chain packaging for pharmaceutical and vaccine transport across 2-8°C, 15-25°C, and -25 to -15°C ranges; available in bulk pallet shippers, parcel shippers, and reusable VIP multi-use variants; supports hibernation for extended temperature retention.
• savE Phase Change Materials (PCMs) Phase Change Material products including hydrated salts, organic materials, and form-stable PCMs that store and release thermal energy at specific temperatures for use across life sciences, agriculture, EV, and climate applications.
• Miracradle Neonate Cooler Electricity-free infant warmer using PCM technology to maintain temperature for low birth weight newborns; developed with support from BIRAC and CMC Vellore for use in resource-limited healthcare facilities.
• Prongo Temperature Controlled Delivery Solutions PCM-based portable refrigeration and delivery solutions for e-commerce, retail, and hyperlocal logistics enabling precise temperature control for temperature-sensitive food and beverages.
• Thermotab Active - PCM Refrigerated Trucks
• Aagun 24/7 Solar Dryers
• HimaCool Solar Powered Cold Rooms
• Battery Thermal Management Systems (BTMS)
• OPTIM Specialty Polymer Coupling Agents and Compatibilizers
• BindEX Tie-Layer Resins
• NOVIS PP Flow Modifiers
• reCoupp Multi-layer Film Recycling Solutions
• OPTIPET PET Chain Extenders
• MassEffekt Passive Cooling for Buildings
• Celsure4Earth Sustainable Pharmaceutical Shipping
• Celsure VIP Multi-use Pharmaceutical Shippers
• Brrf-PLUSS Wearable Cooling Technology Wearable PCM-based cooling apparel for workers in hot environments such as construction sites, mines, furnaces, and shopfloors to mitigate heat stress.

Quantifiable outcome

• Reduce vaccine spoilage by up to 25%
• +7 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

One partnership is on record.

• Ecodome LogisticscoreStrategic or Co-development Partner · 4 June 2025PLUSS Advanced Technologies partnered with Ecodome Logistics to develop and deploy reusable, IoT-enabled cold-chain boxes for pharmaceutical distribution in India. The initiative aims to reduce vaccine spoilage by up to 25%, cut carbon emissions from Styrofoam by 80%, and improve temperature regulation and visibility in pharma logistics.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Climator Sweden: Climator is a European PCM manufacturer specializing in phase change materials for building HVAC, district heating/cooling, and cold chain applications. Comparable to PLUSS's MassEffekt and savE PCM products, but with primary focus on European markets.

Direct peers

• Sonoco ThermoSafe: Sonoco's ThermoSafe division is a global leader in temperature-controlled packaging for pharma and life sciences, directly competing with PLUSS's Celsure cold chain product line. Both serve pharma logistics customers with VIP and PCM-based parcel and pallet shippers across global cold chain.
• va-Q-tec: va-Q-tec manufactures Vacuum Insulation Panels (VIPs) and high-performance temperature-controlled shipping containers, directly comparable to PLUSS's Celsure VIP product line. Both companies combine VIP with PCM for advanced pharma cold chain solutions.
• Pelican BioThermal: Pelican BioThermal provides reusable and single-use temperature-controlled shippers for pharmaceuticals and biologics, directly overlapping PLUSS's Celsure VIP rental and reusable packaging offerings. Both target pharma logistics with similar temperature ranges (2-8°C) and parcel/pallet formats.
• Cold Chain Technologies: Cold Chain Technologies designs and manufactures insulated shipping containers and phase change material-based solutions for the pharmaceutical cold chain, directly competing with PLUSS's Celsure product family. Both companies focus on pre-qualified passive thermal packaging for vaccines and biologics.
• Phase Change Energy Solutions: Phase Change Energy Solutions (formerly Phase Change Products) is a direct peer in the PCM industry, offering microencapsulated PCMs for building HVAC, thermal energy storage, and cold chain applications. Competes with PLUSS's savE, Celsure, and MassEffekt product lines.

Broad incumbents

• BASF: BASF is the world's largest chemical company with a broad portfolio of polymer additives, compatibilizers, and specialty polymers. Competes with PLUSS's specialty polymer additives (OPTIM, BindEX) across automotive, packaging, and white goods applications.
• Croda International: Croda is a global specialty chemicals incumbent offering polymer additives, bio-based phase change materials, and specialty ingredients. Comparable to PLUSS as a broad specialty chemicals portfolio player with PCM and polymer additive capabilities, though at much larger scale.
• Evonik Industries: Evonik is a global specialty chemicals incumbent producing polymer additives, compatibilizers, coupling agents, and impact modifiers for plastics processing. Direct overlap with PLUSS's OPTIM and ADNYL specialty polymer products, particularly in automotive and packaging applications.

Emerging players

• Outlast Technologies: Outlast Technologies specializes in microencapsulated phase change materials for textiles, apparel, and wearable applications, comparable to PLUSS's Brrf-PLUSS wearable cooling technology. Both companies apply PCM to body temperature regulation and thermal comfort products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/plussadvanced
• Facebookfacebook.com/plussadvancedtechnologies
• LinkedInlinkedin.com/company/pluss-polymers

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

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 Pluss Polymers