IBI Chematur

What IBI Chematur does

IBI Chematur, operating commercially as IBIC Engineering, is a Mumbai-based private engineering and process-technology consultancy serving the Indian and overseas process industries. The firm delivers the full project lifecycle — feasibility studies, conceptual and basic engineering, front-end engineering and design (FEED), detailed engineering, procurement, construction management (EPCM), commissioning, and project management consultancy — for greenfield and brownfield assets. Its customer base spans chemicals, petrochemicals, pharmaceuticals, fertilizers, refinery and oil & gas, with named engagements for Reliance Industries, Indian Oil, Asian Paints, SRF, Sanmar, GACL, GNFC, the Murugappa Group, and international clients including Khimprom (Russia).

The company's principal differentiator is its portfolio of proprietary and licensed process technologies, most notably the BIOSTIL® 2000 continuous fermentation process for bio-ethanol, the Anthraquinone (AO) process for hydrogen peroxide, and licensed know-how for isocyanates, acetaldehyde, and acetic acid — technologies originating from the Chematur (Sweden) heritage. These process packages allow IBIC to combine technology licensing with downstream engineering services, capturing a wider share of the project wallet than a pure consulting firm.

The firm is privately held, mid-sized (51–100 employees), ISO 9001:2015 certified, and has executed 120+ projects over 40+ years. Revenue mechanics combine fee-based engineering services contracts with licensing/royalty income from technology transfers; the go-to-market is relationship-driven, anchored on repeat work from large Indian process-industry conglomerates and PSUs, supplemented by selective international execution. No funding rounds, M&A, or equity capital actions are disclosed.

Name

IBI Chematur

Legal name

IBIC Engineering

Website

https://ibichematur.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

51–100 employees

Short description

IBI Chematur (IBIC Engineering) is a Mumbai-based private engineering consultancy delivering feasibility, FEED, EPCM, and licensed process technologies — including BIOSTIL® 2000 bio-ethanol and H2O2 AO — to chemicals, petrochemicals, pharma, fertilizer, and refinery clients in India and overseas.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Consulting Services: IBIC Engineering generates revenue through providing comprehensive engineering consulting services including feasibility studies, conceptual studies, FEED (Front End Engineering Design), detailed design engineering, value engineering, operational efficiency and debottlenecking, procurement assistance, inspection services, construction management, commissioning assistance, relocation engineering, and project management/EPCM services. Revenue is project-based and typically earned through professional service engagements with industrial clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

IBI Chematur (operating as IBIC Engineering) is an engineering consulting firm that provides comprehensive project management, engineering, procurement, and construction management (EPCM) services for process industry clients. The company offers proprietary chemical process technologies including the BIOSTIL® 2000 bio ethanol process, hydrogen peroxide production via the anthraquinone process, and isocyanate (HDI, TDI, MDI) production technology, paired with full-lifecycle engineering services from feasibility studies through commissioning.

Product overview

IBIC Engineering is an engineering consulting firm offering proprietary chemical process technologies and comprehensive engineering services. The company provides both technology solutions (including the proprietary BIOSTIL® 2000 bio ethanol process, hydrogen peroxide production via the anthraquinone process, and various isocyanate and chemical production processes) and a full spectrum of engineering services (from feasibility studies and conceptual design through FEED, detail engineering, procurement assistance, construction management, commissioning, and project management/EPCM). The portfolio covers chemicals, petrochemicals, fertilizers, pharmaceuticals, refinery/oil & gas, and bio ethanol sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• BIOSTIL® 2000 Bio Ethanol Process Proprietary continuous bio ethanol process that converts sugar or starch based feedstocks into ethanol, licensed to industrial bio ethanol producers.
• Hydrogen Peroxide (AO Process) Technology Environmentally friendly hydrogen peroxide production technology based on the anthraquinone (AO) process, licensed to chemical manufacturers.
• Isocyanates & Nitroaromatics Technology Process technology and engineering expertise for isocyanate (HDI, TDI, MDI) and nitroaromatic compound production serving the polyurethane chemicals sector.
• Feasibility Studies Analysis of proposed project strengths and weaknesses, providing options to achieve the best technical solution with better profitability.
• Conceptual Studies Project development service providing best-in-class solutions through allocation of experienced engineers.
• FEED (Front End Engineering and Design) Multi-discipline engineering service developing conceptual and feasibility studies into FEED packages.
• Detail Design Engineering Multi-disciplinary engineering design service delivered by an in-house team with a proven track record of 100+ domestic and few global assignments.
• Project Management / EPCM Complete project management and Engineering, Procurement, and Construction Management (EPCM) services for the full lifecycle of process industry projects.
• Construction Management QA plan finalization with contractors and construction oversight services for process industry projects.
• Procurement Assistance Vendor pre-qualification and procurement support services for engineering projects.
• Operational Efficiency and Debottlenecking Engineering service to improve operational efficiency and remove production bottlenecks in existing process plants.
• Commissioning Assistance Support service for plant commissioning at project handover.
• Relocation Engineering Engineering service for plant relocation and refurbishment projects.
• Value Engineering Engineering service focused on optimizing project value and cost-effectiveness.
• Inspection Services Quality inspection services for engineering project execution.

Quantifiable outcome

• 40+ years of industry experience providing engineering consulting services
• +2 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Mecon Limited: Indian PSU engineering consultancy offering design, EPCM, and PMC services to fertilisers, refineries, petrochemicals, and chemicals - a smaller, domestic-focussed peer with similar scope and clientele to IBI Chematur.
• Engineers India Limited (EIL): Indian PSU engineering consultancy providing FEED, detailed engineering, EPCM and PMC services to refineries, petrochemicals, fertilisers, and chemicals - the closest Indian-headquartered peer to IBI Chematur's service portfolio.
• Toyo Engineering India: Japanese-headquartered EPCM firm with a strong Indian presence delivering process engineering, FEED, and detailed design for petrochemicals, chemicals, and fertiliser plants - directly mirroring IBI Chematur's Indian chemicals/petrochemicals EPCM niche.

Broad incumbents

• thyssenkrupp Uhde (Uhde India): Major German process technology and EPCM player with Indian operations spanning fertilisers, petrochemicals, and specialty chemicals, including isocyanates and polyols - directly competing with IBI Chematur on integrated chemical EPCM mandates in India.
• Tata Consulting Engineers (TCE) / Tata Projects: Indian engineering services firm within the Tata Group offering feasibility, FEED, detailed design and PMC across chemicals, petrochemicals, oil & gas, and infrastructure - competing for the same Indian industrial EPCM mandates as IBI Chematur.
• Linde Engineering: Global EPCM/licensor under Linde plc covering hydrogen, air separation, petrochemicals, and chemical process technology - a much larger incumbent that overlaps with IBI Chematur's isocyanate and chemical process licensors and competes for large Indian chemical mandates.
• Jacobs (Engineering & Critical Infrastructure - India): Global engineering and consulting firm with Indian operations delivering FEED, PMC, and EPCM services to chemicals, petrochemicals, refining, and fertiliser sectors - a broad incumbent competitor for Indian chemical EPCM work.
• Haldor Topsoe (India): Danish process technology and engineering company licensing and designing chemical process plants including hydrogen peroxide, acids, and specialty chemicals - overlapping IBI Chematur's H2O2 AO process and specialty chemical process technology offerings.
• Worley (Worley India / EAS): Global energy, chemicals and resources engineering firm with a large Indian delivery centre covering feasibility, FEED, and EPCM for refining, petrochemicals, and chemicals clients - competing head-to-head with IBI Chematur in India.
• L&T Technology Services / L&T Hydrocarbon Engineering: India-based engineering services and EPCM arm of Larsen & Toubro covering oil & gas, refinery, petrochemicals, and chemicals - a large incumbent competing in the same domestic EPCM market as IBI Chematur.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

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 IBI Chematur