Vipul Organics

What Vipul Organics does

Vipul Organics Limited (BSE: 530627) is a publicly listed Indian specialty chemicals manufacturer, founded in 1968 by Mr. Pravinchandra B Shah as a napthol and dye intermediates producer and operating today under third-generation promoter involvement. It manufactures organic pigments, reactive/acid/direct/vat/basic dyes, naphthols, fast color bases and salts, food and lake colors, dye intermediates, and — via its AdiMem Technologies subsidiary — RO/UF membranes using proprietary Reverse Phase Transition technology. Its core technical differentiator is backward-forward integration from dye intermediates (including the world's largest Ortho Dianisidine/Blue B Base production at Palghar) through pigment powders (SunTone brand) to finished water-based, VOC-free pigment dispersions (SunCoat, SunPrint, SunTint, SunPulp, SunAqua, SunSeed, SunCos), backed by an in-house R&D lab with pilot plant.

The company operates six manufacturing units near Mumbai (Palghar, Tarapur, Ambernath) totaling 450,000 sq ft, with a new Greenfield facility under construction at Sayakha, Gujarat, in India's PCPIR zone, and 350+ employees across four locations. It sells into paint and coating, plastics and masterbatch, textile, printing ink, rubber, agriculture, paper, food/beverage/cosmetics, and — via AdiMem — water treatment end markets, exporting to over 45 countries through a hybrid direct-sales, agency, and distributor model. Q4 FY2025-26 revenue was Rs 52.62 crore, with full-year FY26 revenue growth of 7.74% and net profit growth above 55%, and it holds an unusually dense regulatory stack including ZDHC Level 3, ISO 9001/14001/45001, EU/UK REACH, OEKO-TEX ECO PASSPORT, FSSAI, FDA India, Kosher, Halal, and GMP certifications. Pricing is quote-based B2B with no public disclosure; revenue mechanics are one-time license/manufacturing sales supplemented by an exclusive European distribution partnership with Omya Group signed in June 2025.

Name

Vipul Organics

Legal name

Vipul Organics Ltd.

Website

https://vipulorganics.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

251–500 employees

Short description

Vipul Organics is an Indian specialty chemicals manufacturer producing organic pigments, dyes, dye intermediates, food colors, and RO/UF membranes (via subsidiary AdiMem) for paint, plastics, textile, food, and water treatment end markets, exporting to 45+ countries from six manufacturing facilities near Mumbai.

Ownership category

akta.pro rank

Product category

Specialty Chemicals Manufacturing

NAICS

Synthetic Dye and Pigment Manufacturing (325130), Synthetic Dye and Pigment Manufacturing (32513), Other Basic Organic Chemical Manufacturing (32519)

SIC

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

akta.pro primary industry

Pigments & Dyes (IMAEAHAJ)

akta.pro secondary industries

Color Masterbatches & Dispersions (IMAEAHAK), Color Blends & Formulation Systems (Standardized Blends, Shade Matching) (AFAJAEAF), Textile, Leather & Paper Specialty Chemicals (IMAEABAM), Clean-Label & Certified Colorants (Organic, Non-GMO, Kosher/Halal, Allergen-Free) (AFAJAEAI), Synthetic/Artificial Colorants (FD&C Dyes, Lake Pigments) (AFAJAEAC)

Keywords

• Organic pigment manufacturing
• Specialty dyes production
• Pigment dispersions
• Food color additives
• Dye intermediates

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Specialty Chemicals Manufacturing: Manufacture and sale of specialty chemicals including organic pigments, reactive dyes, acid dyes, direct dyes, vat dyes, naphthols, fast color bases and salts, food colors, and dye intermediates
2. Membrane Solutions (AdiMem Technologies): Commercial sales of indigenously developed RO and UF membranes for water and wastewater treatment, targeting 25% revenue share within three years
3. Distribution Partnerships: Revenue generated through exclusive distribution partnerships such as Omya for European markets

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Vipul Organics manufactures and sells specialty chemicals—organic pigments, reactive/direct/acid/vat/basic dyes, naphthols, fast color bases and salts, food colors and lake colors, and dye intermediates—through a backward-forward integrated model serving paint, textile, plastic, printing ink, paper, food, and agriculture industries. The portfolio extends to RO/UF membranes via subsidiary AdiMem Technologies and herbal extracts/natural colors via Shree Ambika Naturals.

Product overview

Vipul Organics is a specialty chemicals manufacturer offering a comprehensive portfolio of dyes, pigments, and dye intermediates. The company operates a backward-forward integrated manufacturing model — producing its own dye intermediates from which it manufactures pigment powders (SunTone®), which are then converted into finished pigment dispersions (SunCoat®, SunTint®, SunPrint®, SunPulp®, SunAqua®, SunSeed®, SunCos®). Beyond pigments, the portfolio spans reactive dyes (SunActive® series including Hot, M, HE, ME, and Vinyl Sulphone categories), direct dyes (SunDirect®), acid dyes (SunAcid®), basic dyes (SunBasic®), vat dyes (SunVat®), naphthols (SunThol®), fast color bases and salts (SunFast®), food colors and lake colors (SunLake®/SunFood®), and dye intermediates including Ortho Dianisidine. The company also operates two subsidiaries: Shree Ambika Naturals for herbal extracts and natural colors, and AdiMem Technologies for RO/UF membranes. All pigment dispersions are water-based, APEO/NPEO-free, VOC-free, and formaldehyde-free.

Differentiator

Problem solved

Functional benefit

Brands

• SunTone®: Organic pigment powders for paint, coating, plastics, printing ink, and rubber applications
• SunCoat®
• SunPrint®
• SunTint®
• SunPulp®
• SunAqua®
• SunSeed®
• SunCos®
• SunAcid®
• SunDirect®
• SunVat®
• SunBasic®
• SunActive®
• SunThol®
• SunFast®
• SunLake® / SunFood®

Products and services

• SunTone Organic Pigment Powders Complete Azo and Phthalocyanine pigment powder range for decorative, industrial, and automotive coatings, plastics, masterbatches, printing inks, and textiles; supplied to pigment dispersion and direct-use customers globally.
• SunCoat Water-Based Pigment Dispersions 100% water-based pigment dispersion for paint and coating applications, used for interior and exterior coatings, decorative coatings, paper coatings, and seed coatings; VOC-free, APEO/NPEO-free, and formaldehyde-free.
• SunTint Decorative Paint Pigment Dispersions Pigment dispersions designed for decorative paint systems in both water-based and solvent-based formulations.
• SunPrint Textile Printing Pigment Dispersions Pigment dispersion formulated for textile coating and printing applications.
• SunPulp Paper Tinting Pigment Dispersions Pigment dispersion for paper tinting and coloration, suitable for writing and printing paper as well as coating applications and duplex boards.
• SunAqua Aqueous Ink Pigment Dispersions Pigment dispersion formulated for aqueous ink systems, with formulation tailored for flexographic printing.
• SunSeed Seed Coloring Pigment Dispersions Water-based pigment dispersion for seed coloring; free-flowing liquid for easy pumping and accurate dosing in seed treatment machines.
• SunCos Cosmetic Pigment Dispersions Pigment preparations for cosmetic applications, prepared from pigments compliant with cosmetic usage regulations.
• SunActive Reactive Dyes Range of reactive dyes covering Hot Dyes, M Series (Dichloro Triazine), HE Series, ME Series (bifunctional), and Vinyl Sulphone variants used in textile dyeing.
• SunDirect Direct Dyes Direct dyes for cellulosic fibers including cotton, viscose, linen, and jute, supplied in powder and liquid forms.
• SunAcid Acid Dyes Water-soluble anionic acid dyes applied to silk, wool, nylon, and modified acrylic fibers under neutral to acid conditions; free from prohibited amines.
• SunVat Vat Dyes and Vat Paste Vat dyes for cotton and cellulosic fibers offering excellent washing, light, perspiration, chlorine, and rubbing fastness; supplied as crude dry powder, microdispersed form, or paste form.
• SunBasic Basic Dyes Cationic basic dyes producing bright and deep shades with superior light and washing fastness for paper, ink, petroleum, agrochemical, and mosquito coil applications.
• SunThol Naphthols Naphthols (azoic coupling components) used for textile dyeing and as pigment intermediates.
• SunFast Fast Color Bases and Salts Fast color bases and fast color salts (azoic diazo components) used in textile dyeing.
• SunLake and SunFood Food & Lake Colors Food colors and aluminum lake colors for food, pharmaceutical, cosmetic, and packaging applications; manufactured in an FDA India-certified factory with approvals in USA and Mexico.
• Ortho Dianisidine Dye Intermediate Ortho Dianisidine Base and Ortho Dianisidine DiHCl as key dye intermediates for synthesizing Direct Dyes, Reactive Dyes, and Azo Pigments including Pigment Orange 16.
• AdiMem RO and UF Membranes Reverse Osmosis and Ultrafiltration membranes for water and wastewater treatment, manufactured by subsidiary AdiMem Technologies using proprietary Reverse Phase Transition technology at the Sayakha, Gujarat facility; targets chemical, pharmaceutical, and industrial customers.
• Shree Ambika Naturals Herbal Extracts and Natural Colors Herbal extracts, natural food colors, lake colors, phytochemicals, oleoresins, and essential oils supplied by wholly owned subsidiary Shree Ambika Naturals Pvt. Ltd. with ISO 9001:2008, Kosher, Halal, GMP, and FDA approvals.

Quantifiable outcome

• 100% repeat business from clients
• +2 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Omya GroupcoreChannel Partner/ Reseller/ Distributor · 11 June 2026Exclusive distribution partnership for SunTone® and SunCoat® pigment product ranges across European markets including UK, Norway, Serbia, Bosnia, Montenegro, North Macedonia, Albania, and Moldova (excluding Switzerland and Poland). Omya's global distribution network spans over 50 countries and 170+ locations. Partnership leverages Vipul Organics' manufacturing expertise with Omya's distribution reach to strengthen Vipul's global footprint in specialty pigments market.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vipulorganics
• YouTubeyoutube.com/@vipulorganics
• LinkedInlinkedin.com/company/vipulorganicslimited

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Vipul Organics