Karishma Finishers

What Karishma Finishers does

Karishma Finishers Pvt. Ltd. is a Gurgaon-based, founder-owned industrial metal finishing company established in 1992 that provides contract electroplating and surface treatment services to the Indian automotive sector. The company operates two manufacturing units in Pace City II, Gurgaon, staffed by 300+ employees, and runs both manual and automated plating/painting lines. Its service portfolio spans zinc, nickel, chrome, silver, tin, cadmium, copper, gold, trivalent zinc, and zinc-nickel electroplating, supplemented by powder coating, liquid painting, machining, buffing, shot blasting, and sand blasting. The firm is IATF 16949:2016 certified, the automotive industry quality standard, and has received supplier performance awards from customers including Best Performing Supplier in Surface Treatment (2005-06) and Supplier Performance Awards (2005-06 and 2006-07).

The company's customer base comprises major Indian automotive OEMs — Maruti Suzuki, Hero, Honda, Hyundai, Toyota, and Bajaj — alongside tier-1 suppliers such as Uno Minda, Sandhar, Munjal Showa, Hi-Lex, Amtek, ABB, and MAHLE, with a secondary presence in surgical and industrial segments. Revenue is generated through quote-based, contract-driven job-work services with multi-year supply arrangements; pricing is not publicly disclosed. Following founder Deepak Chadha's death in February 2013, co-founder and Director Surender Singh Sehrawat (25+ years of electroplating experience) leads operations. The company has remained privately held and bootstrapped with no institutional funding rounds disclosed, and operates under the broader Karishma Group of Companies umbrella that also includes distribution and C&F agent entities.

Karishma's strategic positioning is anchored on automotive-grade quality certification, a comprehensive one-stop plating portfolio, and dedicated capacity at scale (two units, 300+ employees), with recent product additions in zinc-nickel and trivalent zinc indicating incremental movement toward higher-specification and environmentally compliant finishes, including aerospace and defence adjacency.

Name

Karishma Finishers

Legal name

Karishma Finishers Pvt. Ltd.

Website

https://karishmafinishers.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Karishma Finishers is a privately held Indian electroplating and metal finishing job-shop serving automotive OEMs and tier-1 suppliers with a comprehensive plating, coating, and surface preparation portfolio from two Gurgaon manufacturing units.

Ownership category

akta.pro rank

Product category

Industrial Metal Finishing Services

NAICS

Electroplating, Plating, Polishing, Anodizing, and Coloring (332813)

akta.pro primary industry

Electroplating & Metal Finishing (Anodizing/Galvanizing/Passivation) (IMAIAKAE)

Keywords

• Electroplating services
• Metal finishing services
• Automotive surface treatment
• Industrial coating services
• Zinc nickel plating

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electroplating Job Work Services: The company provides electroplating job work services primarily for the automobile industry. Revenue is generated through contract-based work orders for metal finishing services including zinc, nickel, chrome, silver, tin, cadmium, and gold plating. Additional services include powder coating, liquid painting, machining, buffing, shot blasting, and sand blasting.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Core offering

Karishma Finishers provides industrial electroplating and metal finishing job work services for automotive OEMs and tier-1 suppliers. The portfolio covers zinc, nickel, chrome, silver, tin, cadmium, gold, copper, trivalent zinc, and zinc-nickel plating, supplemented by powder coating, liquid painting, machining services, and surface preparation treatments such as buffing, shot blasting, and sand blasting, executed on both manual and automated production lines.

Product overview

Karishma Finishers is an IATF 16949:2016 certified electroplating and metal finishing service provider offering a comprehensive portfolio of surface treatment solutions. The company's core offerings include various electroplating services (Zinc, Nickel, Chrome, Silver, Tin, Cadmium, Copper, Gold, Trivalent Zinc, and Zinc-Nickel plating) supplemented by Powder Coating, Liquid Painting, and surface preparation services (Machining, Buffing, Shot Blasting & Sand Blasting). These services are primarily targeted at the automotive industry for components such as Locks, Clips, Handles, Holders, Reflectors, Coils, as well as surgical industries. The company operates both manual and automatic plating/painting lines to serve diverse client requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Zinc Electroplating The most common and economical type of plating, providing a soft, protective, decorative, ductile coating that serves as an effective undercoat for paints with sacrificial corrosion protection. Used widely in the automotive industry for component finishing.
• Nickel Electroplating Electrolytic process depositing a nickel metal coating that provides decorative appearance, corrosion protection, wear resistance, low coefficient of friction, and ferromagnetism, widely used in electronics and chemical industries.
• Chrome Electroplating Hard chrome plating with intrinsic hardness of 60-65 HRC and low coefficient of friction, providing high wear resistance (deposit hardness 1100-1250 H.V.) with micro-cracking (>300cm-1) for improved corrosion resistance in engineering applications.
• Silver Electroplating Silver plating used to enhance electrical contact on switches, switchgear, and panel boards due to superior conductivity and longevity compared to copper and brass.
• Tin Electroplating A soft, white, non-toxic, solderable deposit providing corrosion and tarnish resistance, widely used in food processing, shipping, and electronics industries.
• Cadmium Plating Corrosion-resistant plating providing superior resistance to corrosion, anti-galling, anti-fungal, and anti-static qualities, with solderability and ductility, primarily used in aerospace and military applications.
• Copper Plating Electroplating providing excellent electrical and thermal conductivity, good solderability, and serving as an effective undercoat for better adhesion and brightness on case-hardened steel, nitrided components, and alloy steels.
• Trivalent Zinc Plating Environmentally safer alternative to hexavalent chromium zinc plating process providing good corrosion protection properties.
• Powder Coating An advanced method of applying decorative and protective finish to metal surfaces, more resistant to chipping, scratching, fading, and wearing than other finishes.
• Liquid Painting A pigmented liquid or mastic composition applied as a thin layer that converts to a solid film, used to protect and color objects.
• Gold Plating Precious metal gold plating that does not oxidize in air, maintaining uniform electrical conductivity with good corrosion resistance and solderability; when alloyed with cobalt provides very good wear resistance for electrical switch contacts, connector pins, and barrels.
• Zinc-Nickel Plating High-performance coating providing exceptional corrosion protection in harsh environments, used for automotive, electronics, aerospace, and defence industry applications, particularly for fasteners and connectors.
• Machining Services Precision machining services provided as part of the company's metal finishing offerings for automotive and industrial components.
• Buffing, Shot Blasting and Sand Blasting Services Surface preparation and finishing services including mechanical polishing via buffing and abrasive cleaning treatments through shot blasting and sand blasting, used to prepare parts for plating and coating operations.

Quantifiable outcome

• 150% growth during second year of inception demonstrating rapid market traction

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Atotech (MKS Instruments): Atotech, now part of MKS Instruments, is a global leader in electroplating chemistry and surface finishing solutions serving automotive, electronics, and industrial customers. Comparable to Karishma as a chemistry and process leader whose products enable the same plating lines Karishma operates (zinc-nickel, trivalent zinc, decorative and functional finishes), though Atotech is a chemistry supplier rather than a job-work service provider.
• AkzoNobel N.V. AkzoNobel supplies industrial and automotive coatings, including powder coating and pretreatment products used alongside electroplating on automotive components. Comparable to Karishma in targeting the same OEM and tier-1 customer base in India with protective and decorative finishes, albeit from a coatings-supplier rather than plating-service angle.
• Nippon Paint Holdings: Nippon Paint is a major global industrial coatings supplier with significant automotive OEM and tier-1 customer relationships in India. Comparable to Karishma in the powder coating and liquid painting portions of Karishma's service portfolio, serving overlapping automotive customers across the Indian manufacturing footprint.
• Element Solutions Inc (MacDermid Enthone): Element Solutions operates the MacDermid Enthone Electronics Solutions and Industrial Solutions businesses, supplying specialty plating chemistries for automotive, electronics, and industrial finishing. Highly comparable chemistry-side peer to Karishma in the zinc, zinc-nickel, and decorative plating lines that anchor Karishma's automotive customer work.
• PPG Industries: PPG is a global industrial and automotive coatings supplier with a substantial metal finishing and pretreatment portfolio. Overlaps with Karishma in automotive OEM surface treatment (coatings, pretreatment, and selected plating-adjacent chemistries), though PPG operates at much larger scale and as a chemistry supplier rather than a job-work service provider.
• Henkel AG & Co. KGaA: Henkel's Adhesive Technologies division includes a major surface treatment business supplying plating chemistry, cleaners, and pretreatment chemicals to automotive and industrial customers worldwide. Comparable to Karishma in serving the same automotive finishing value chain with technologies (zinc flake, zinc-nickel) that compete with and complement in-house electroplating service offerings.
• DuPont de Nemours: DuPont supplies electronic materials and metallization chemistries, including plating solutions for automotive electronics and connector applications. Comparable to Karishma in the gold plating and high-performance finish segments Karishma offers for connector pins, switchgear, and electronic components used by Indian automotive tier-1s.

Others

• JCU Corporation: JCU Corporation is a Japanese specialty chemicals company focused on surface treatment chemistry for automotive, electronics, and decorative plating applications. Comparable to Karishma as an upstream supplier of plating chemistry used in many of the same zinc, zinc-nickel, and decorative plating lines Karishma operates, including those serving Indian OEM customers.

Emerging players

• Coventya: Coventya is a specialty supplier of plating chemistry and surface treatment solutions focused on automotive, fastener, and industrial finishing segments. Comparable to Karishma in the underlying zinc, zinc-nickel, and decorative plating chemistry Karishma consumes and applies on behalf of its OEM and tier-1 customers.

Direct peers

• Grauer & Weil (India) Ltd: Grauer & Weil is an Indian publicly-listed surface finishing and coatings company providing electroplating chemistry and services to automotive and industrial customers. It is the most directly comparable Indian peer to Karishma Finishers in terms of product mix (zinc, nickel, chrome plating), customer verticals (automotive OEMs and tier-1s), and scale.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/karishma-finishers-private-limited

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Karishma Finishers