What TWC Group does

TWC Group is an India-based specialty chemicals manufacturer founded in 1991 by Sushil Agarwal and operated through two wholly-owned private limited entities, Techno Waxchem Pvt. Ltd. (Kolkata, West Bengal) and Rajsha Chemicals Pvt. Ltd. (Vadodara, Gujarat). The company manufactures resins, adhesion promoters, processing additives, homogenisers, tackifier resins, ozone protection waxes, and reinforcing phenolic resins used primarily in tire and rubber compounding (rubber-to-steel cord bonding, cut-and-chip resistance, processing aids) and secondarily in paint and coating applications (melamine resins). Its chemistry portfolio spans 19 product verticals and 70+ products marketed under the TECHNIC, RUBBOND, RUBBERAID, TERPERES, RUBWAX, TECHBOND, and PCA brands, including proprietary formulations such as a Koresin analogue, zero free Resorcinol RF Resin, non-cobalt zinc-based adhesion promoters, and a modified DCPD polymer for OHT tire performance. Combined production capacity across three manufacturing sites is stated at 70,000 TPA (100 KTA referenced in product-verticals material), with the company exporting to 35 countries.

TWC Group operates a direct B2B sales motion targeting enterprise customers in the tire manufacturing value chain, with multi-year contract pricing on a unit-pricing basis (not publicly disclosed). The company holds Strategic Vendor status with CEAT Limited under a formal MOU, supplies both Indian and global tire makers, and qualifies under IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, REACH, EcoVadis Silver, and ISCC+ certifications. The organization is family-controlled by the Agarwal family, with founder Sushil Agarwal serving as Mentor and his sons Abhishek K Agarwal and Ashish K Agarwal serving as Executive Director & CEO of the respective operating entities. R&D is anchored at four centres, including a Government of India-approved R&D Centre and an in-house Rubber Application Centre equipped with RPA, Mooney Viscometer, UTM, and Laboratory Banbury.

Name

TWC Group

Legal name

Techno Waxchem Private Limited

Website

https://twc.in

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

TWC Group is an India-based specialty chemicals manufacturer producing resins, adhesion promoters, processing additives, and ozone protection waxes for the global tire and rubber industry, with secondary supply into paint and coatings.

Ownership category

akta.pro rank

Product category

Specialty Chemicals for Tire and Rubber Industry

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Custom Compounding of Purchased Resins (325991), Plastics Material and Resin Manufacturing (325211), Paint and Coating Manufacturing (325510)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Specialty Rubber Compounds (FKM, HNBR, NBR, Silicone, CR) (IMANAJAB)

akta.pro secondary industry

Thermoplastic Elastomer (TPE/TPU/TPV) Compounds (IMANABAC)

Keywords

• Specialty chemicals manufacturing
• Tire rubber additives
• Adhesion promoters resins
• Ozone protection waxes
• Rubber processing chemicals

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Specialty Chemicals Product Sales: B2B manufacturing and sale of specialty chemicals, resins, adhesion promoters, processing additives and ozone protection waxes to tire and rubber industry as well as paint and coating industry. Revenue is generated through product sales with minimum inventory cost to customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

TWC Group manufactures and sells specialty chemicals — including Resins, Adhesion Promoters, Processing Additives, and Ozone Protection Waxes — to the tire and rubber industry as its primary market and to the paint and coating industry as a secondary market. The portfolio spans 19 product verticals and over 70 formulations sold under the TECHNIC®, RUBBOND®, RUBBERAID®, TERPERES®, RUBWAX®, TECHBOND®, and PCA® brands, produced at three Indian manufacturing plants with a combined 70,000 tons per annum capacity and supported by four R&D centres.

Product overview

TWC Group is a technology leader in Speciality Chemicals serving the Tire & Rubber Industry and Paint & Coating Industry. The company offers a comprehensive portfolio of bonding chemicals, adhesion promoters, tackifier resins, process aids, and performance enhancement products organized under branded product lines including TECHNIC® (adhesion promoters, tackifiers, homogenisers), RUBBOND® (bonding agents, reinforcing resins, homogenisers), RUBBERAID® (process aids), TERPERES® (tire enhancement resins), RUBWAX® (ozone protection waxes), and TECHBOND® (non-cobalt adhesion promoters) for the rubber industry, and PCA® (melamine resins) for the paint and coating industry. The product portfolio spans 19 product verticals with over 70 products including resorcinol dispersions, resorcinol formaldehyde resins, HMMM resins, homogenisers, process aids, ozone protection waxes, reinforcing phenolic resins, polymer bound chemicals, and amino resins. All products are manufactured at three state-of-the-art facilities in India with Government-approved R&D centers supporting continuous product development.

Differentiator

Problem solved

Functional benefit

Brands

• TECHNIC: Product brand for Resorcinol Dispersions, Resorcinol Formaldehyde Resin, Super Tackifier Resin, and other bonding chemicals
• RUBBOND
• RUBBERAID
• TERPERES
• RUBWAX
• PCA
• TECHBOND

Products and services

• TECHNIC® Adhesion Promoters & Bonding Resins
• RUBBOND® Adhesion Promoters & Reinforcing Resins Comprehensive line of HMMM-based adhesion promoters, black and non-staining homogenisers, CNSL/Tall Oil/Alkyl Phenol modified reinforcing phenolic resins, modified gum rosin, and PTBP formaldehyde chloroprene adhesive resins used by rubber and tire manufacturers for bonding, reinforcement, and dispersion.
• TECHNIC® Tackifier Resins Modified PTBP acetaldehyde, PTBP formaldehyde, and PTOP formaldehyde tackifier resins used by rubber manufacturers to improve tack and processability in rubber compound formulations.
• TECHNIC® & RUBBOND® Homogenising Agents Black homogenisers (RUBBOND® 40) and non-staining homogenisers (TECHNIC® NSH) used to improve mixing and dispersion in rubber compounds, including low-PAH formulations.
• TECHNIC® Modified DCPD Polymer Modified DCPD polymer (TECHNIC® CCR120) used by tire manufacturers to improve cutting and chipping resistance in OHT (Off-Highway Tire) applications.
• RUBBERAID® Process Aids Comprehensive line of zinc soap process aids, fatty acid derivative blends, zinc 2-ethylhexanoate activators, and substituted fatty acid amide blends used by rubber manufacturers to improve processing efficiency, dispersion, and multi-functional performance in rubber compounds.
• TERPERES® Tire Enhancement Resins AMS (α-methylstyrene), poly terpene, and terpene phenolic resins used by tire manufacturers to enhance tread performance characteristics and tire performance in tread compounds.
• TECHBOND® Non-Cobalt Adhesion Promoters Zinc-salt and zinc-based non-cobalt adhesion promoters (TECHBOND ZN30, TECHBOND ZU40) developed as environmental alternatives to cobalt-based adhesion promoters for rubber-to-metal bonding applications.
• RUBWAX® Ozone Protection Waxes Range of ozone protection waxes including single peak (mono-modal), bi-modal, plateau, and high-temperature waxes used by tire manufacturers to protect tire rubber against environmental ozone cracking.
• PCA® Melamine Resins for Paint & Coating Liquid hexamethoxy methylol melamine (PCA® 303LF) and butylated melamine formaldehyde resin (PCA® 717) sold to paint and coating manufacturers for cross-linking efficiency, film formation, and coating durability in industrial coating systems.

Quantifiable outcome

• 100% R&D based organization with 100% R&D developed and commercialised products
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 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.

• CEAT LimitedcoreOthers · 1 January 2022CEAT Limited recognized TWC Group (Techno Waxchem Pvt Ltd, Kolkata & Rajsha Chemicals Pvt Ltd, Vadodara) as 'Strategic Vendor' for material supplies to all their plants. A formal MOU was signed with CEAT delegation headed by Mr. Roopesh R and Mr. Sujit Nair.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• China Sunsine Chemical Holdings: China Sunsine is a leading Asian producer of rubber accelerators, antioxidants, and insoluble sulfur for the global tire industry, providing a low-cost Asian alternative to TWC's specialty bonding chemicals and additives.
• SI Group: SI Group is a global specialty chemicals manufacturer whose rubber and tire chemicals portfolio (resorcinol resins, adhesion promoters, and process additives) directly overlaps with TWC's TECHNIC and RUBBOND lines for tire manufacturers.
• PMC Group: PMC Group is a privately held specialty chemicals company that produces rubber accelerators, adhesion promoters, and performance additives serving tire and industrial rubber customers—closely comparable to TWC's specialty chemicals and resin portfolio.
• NOCIL Limited: NOCIL is one of India's largest rubber chemicals manufacturers (anti-oxidants, accelerators, and specialty additives) and the most direct Indian-listed peer to TWC's Techno Waxchem subsidiary for tire-rubber customers.

Broad incumbents

• Solvay: Solvay is a global specialty chemicals producer with rubber, performance chemicals, and specialty resins portfolios that place it in direct competition with TWC for tire-OEM specification slots across major OEMs.
• Eastman Chemical Company: Eastman is a large global specialty chemicals company with rubber additives, performance resins, and adhesion-promoter technologies that compete in the same end markets as TWC, though as one of many lines in a broader portfolio.
• Lanxess: Lanxess is a leading global producer of rubber chemicals and additives, including vulcanization accelerators, antiozonants, and bonding agents, making it one of the largest comparables to TWC's specialty rubber additives portfolio.
• BASF SE: BASF is the world's largest chemical company with a substantial performance chemicals and rubber-additives business, supplying process additives and specialty chemicals to global tire OEMs and overlapping with TWC's paint/coatings resin offering as well.

Regional players

• Behn Meyer Group: Behn Meyer is a specialty chemicals distribution and manufacturing group operating primarily in Southeast Asia that supplies rubber processing chemicals comparable to TWC's offerings into regional tire customers.

Emerging players

• Kraton Corporation: Kraton produces specialty polymers including tackifier resins and elastomers used in tire and rubber applications, making it a technology-adjacent peer to TWC's TERPERES and TECHBOND resin platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=2OOA7GIrR0c
• LinkedInlinkedin.com/company/twc-group-india

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

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 TWC Group