Mangalam Organics

What Mangalam Organics does

Mangalam Organics Limited (BSE: 514418, NSE: MANORG) is a Mumbai-headquartered, publicly listed Indian manufacturer of Pine Chemicals and Synthetic Resins. The company was incorporated in 1981 (as Allied Colloids Private Limited) and has operated its manufacturing plant at Kumbhivali, Khalapur in Raigad, Maharashtra, since 1996. It produces a terpene chemistry portfolio including Camphor (IP/EP/USP and technical grades), Camphene, Dipentene, Isobornyl Acetate, Isoborneol, Terpineol, Camphor Oil, and Pine Tar, alongside Synthetic Resins (Terpene Phenolic, Alkyl Phenolic, Glycerol and Penta Modified Ester Gums). Sodium Acetate Trihydrate is recovered as a byproduct of Isobornyl Acetate saponification, illustrating an integrated chemistry value chain. The manufacturing facility is ISO 9001/14001/OHSAS 18001 certified by DNV and sits approximately 60 km from the JNPT container terminal on the Mumbai-Pune expressway.

The company's revenue model combines B2B industrial sales to manufacturers in adhesives, rubber formulations (including tyres and tubes), paints and coatings, printing inks, flavor and fragrance, and pharmaceuticals, with a B2C retail channel operated through its House of Mangalam Shopify-powered e-commerce store (houseofmangalam.com). The B2C business is anchored by two sub-brands: Mangalam (camphor tablets for religious and spiritual use) and CamPure (camphor-based homecare products including air fresheners). Distribution leverages a government-recognized export house license with customers across Europe, the USA, Africa, and the Middle East, supplemented by six regional Indian sales offices (Kolkata, Delhi, Chennai, Hyderabad, Bangalore, Madurai) and direct plant-level sales at Kumbhivali.

The company is controlled by the Dujodwala family, with Kamal Dujodwala as Chairman (40+ years of chemicals industry experience) and Pannkaj Dujodwala as Managing Director (30+ years in pine chemicals). Third-generation involvement comes through Chief Strategy Officer Akshay Dujodwala, who joined in 2013 and established the B2C retail brands. Beyond the parent, the group operates wholly-owned subsidiaries Mangalam Brands Private Limited, Mangalam Pooja Stores Private Limited, and Mangalam Speciality Chemicals Private Limited, plus a 55%-owned subsidiary Mangalam Vanasya Organic Private Limited (incorporated January 2026) focused on organic food and Ayurvedic healthcare products. Material recent events include a fire at Camphor Plant I in Khopoli on July 16, 2025 (₹12.58 crore insurance claim pending), a CFO succession effective July 1, 2026, and an ESOP 2026 plan proposing up to 33 million stock options.

Name

Mangalam Organics

Legal name

Mangalam Organics Limited

Website

https://mangalamorganics.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Mangalam Organics Limited is a BSE/NSE-listed Indian manufacturer of Pine Chemicals (Camphor, Camphene, Isobornyl Acetate, Dipentene) and Synthetic Resins serving B2B industrial customers in adhesives, rubber, paints, F&F, and pharmaceuticals, with a D2C retail channel under its Mangalam and CamPure camphor brands.

Ownership category

akta.pro rank

Product category

Specialty Chemicals (Pine Chemicals)

NAICS

Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Industrial Organic Chemicals (2860), Medicinal Chemicals & Botanical Products (2833), Adhesives & Sealants (2891)

akta.pro primary industry

Textile, Leather & Paper Specialty Chemicals (IMAEABAM)

akta.pro secondary industries

Bio-based Adhesives, Coatings & Sealants (lignin/tannin/soy-based) (IMAMALAG), Food-Grade, Medical & Cleanroom Rubber Compounds (IMANAJAH)

Keywords

• Pine chemicals
• Synthetic resins
• Camphor manufacturing
• Terpene chemistry
• Specialty chemicals

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices8 records

Markets served

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pine Chemicals B2B Sales: Primary revenue stream from manufacturing and selling Pine Chemicals (Camphor, Camphene, Dipentene, Isobornyl Acetate, Isoborneol, Terpineol, Sodium Acetate) to industrial customers in India and globally. Revenue generated through direct B2B sales to manufacturers in adhesives, rubber, coatings, printing inks, F&F, and pharmaceutical industries.
2. Synthetic Resins B2B Sales: Revenue from selling Synthetic Resins including Terpene Phenolic Resin, Alkyl Phenolic Resin, Glycerol Modified Ester Gum, Penta Modified Ester Gum, and Pine Tar to industrial customers.
3. Retail B2C Sales (House of Mangalam): Revenue from direct-to-consumer sales through houseofmangalam.com e-commerce platform and retail stores, selling Mangalam camphor tablets for religious purposes and CamPure camphor-based homecare products including air fresheners and personal care items.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Mangalam Organics Limited manufactures pine chemicals (Camphor, Camphene, Isobornyl Acetate, Isoborneol, Dipentene, Sodium Acetate Trihydrate, Terpineol, Camphor Oil, Pine Tar) and synthetic resins (Terpene Phenolic Resin, Alkyl Phenolic Resin, Glycerol Modified Ester Gum, Penta Modified Ester Gum) at its Kumbhivali, Maharashtra plant for industrial customers in adhesives, rubber, coatings, printing inks, F&F, and pharmaceutical sectors. The company also sells retail camphor products under its Mangalam (religious camphor tablets) and CamPure (camphor-based homecare) brands through the House of Mangalam e-commerce platform.

Product overview

Mangalam Organics is a manufacturer of Pine Chemicals and Synthetic Resins with two main product categories. The Pine Chemicals portfolio includes Terpene Chemistry products (Camphor, Camphene, Isobornyl Acetate, Isoborneol, Dipentene, Terpineol, Camphor Oil, Pine Tar, Sodium Acetate Trihydrate) and the Resin Products include Terpene Phenolic Resin, Alkyl Phenolic Resin, Glycerol Modified Ester Gum, and Penta Modified Ester Gum. The company also maintains a retail presence through two sub-brands: Mangalam (Camphor Tablets for pious purposes) and CamPure (Camphor based homecare products such as air fresheners), sold via the House of Mangalam e-commerce platform. The manufacturing plant is located at Kumbhivali, Mumbai, established in 1996.

Differentiator

Problem solved

Functional benefit

Brands

• Mangalam: Camphor Tablets brand for pious purposes
• CamPure

Products and services

• Camphor (IP/EP/USP and Technical Grade) White crystalline powder with characteristic aromatic odor supplied in IP/EP/USP grade (Total Ketones Min 96%, Melting Range 174-179°C) and Technical grade, used in spiritual ceremonies, medical products, and as a stabilizer for cellulose nitrate, PVC, polymers, and a component in smokeless powder.
• Camphene An isomerization product of Pinene used in Flavor & Fragrance, Pharmaceuticals, and Coatings industries.
• Dipentene A byproduct from isomerization of Pinene to Camphene, used as a flavoring/fragrance agent, in perfumery for soaps and cosmetics, as a paint industry thinner, and as an intermediate for terpene resins, carvone, and rubber chemicals.
• Isobornyl Acetate A synthetic product manufactured through esterification between acetic acid and camphene. Used as a flavoring agent with fragrance properties and as an intermediate for producing synthetic camphor.
• Isoborneol A synthetic product manufactured through saponification of Isobornyl acetate with caustic lye. Used as a flavoring agent and as an intermediate for producing synthetic camphor.
• Isoborneol Flakes (Bhimseni Camphor) White flake camphor with characteristic aromatic odor, used in spiritual ceremonies, medical products, and as a component in smokeless powder.
• Sodium Acetate Trihydrate Produced as a byproduct of ISO Bornyl Acetate saponification and purified through crystallization. Used as a food additive, pickling agent, laboratory reagent, and as a key ingredient in portable reusable chemical-based heating packs (Assay Min. 98% domestic, Min. 99% export).
• Terpineol A terpene product included in the company's portfolio of Pine Chemicals.
• Camphor Oil A byproduct of the camphor production process; a ketones blend with Camphor and Iso fenchone as main constituents. Used as antispasmodic, antiseptic, decongestant, anesthetic, sedative, and pesticide.
• Pine Tar Dark brown viscous liquid manufactured using pinene pitch and gum rosin. Used as a tackifier, softener, and plasticizer in the tire and rubber industry.
• Terpene Phenolic Resin Thermoplastic polymers manufactured by copolymerization of terpene hydrocarbons and phenol. Used as a tackifying agent in rubber formulations for tyres, tubes, adhesives, hot melt coatings, and printing inks.
• Alkyl Phenolic Resin (P.T.B.P based) P.T.B.P based Alkyl Phenolic Resin used in manufacturing of Neoprene Rubber Based Adhesives. Specifications: Methylol Content 6-12%, Softening Point 75-95°C, Ash Content Max 0.5%, packed in 25 kg HDPE woven bags, shelf life 1 year.
• Glycerol Modified Ester Gum Ester gum produced by esterification of Gum Rosin with Glycerol. Used in manufacturing of Copal varnish, road marking and interior paint, and as food grade ester gum in chewing gum.
• Penta Modified Ester Gum Ester gum produced by esterification of Gum Rosin with Pentaerithritol. Used in manufacturing of Hot Melt Adhesives, Pressure Sensitive Adhesives, and Solvent Based Adhesives.
• Mangalam (Camphor Tablets retail brand) Retail brand of camphor tablets for pious and religious purposes, sold through the company's House of Mangalam e-commerce platform for individual consumers.
• CamPure (Camphor-based homecare retail brand) Retail brand of camphor-based products for homecare needs including air fresheners and personal care items, sold through the company's House of Mangalam e-commerce platform for individual consumers.

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature11 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Mangalam Global Enterprise Limited (Mangalam Vanasya Organic Private Limited)coreStrategic or Co-development PartnerMangalam Global Enterprise Limited incorporated a subsidiary named Mangalam Vanasya Organic Private Limited on January 22, 2026. The subsidiary focuses on manufacturing and trading organic products, food products, Ayurvedic healthcare products, and cereals. The parent company holds a 55% stake. Additionally, Mangalam Global Enterprise issued an Employee Stock Option Plan 2026 proposing to grant up to 33 million stock options to eligible employees.
• Mangalam Brands Private LimitedcoreOthersSubsidiary of Mangalam Organics Limited focused on branding and retail operations for the company's consumer products.
• Mangalam Pooja Stores Private LimitedcoreOthersSubsidiary of Mangalam Organics Limited focused on retail stores for religious and spiritual products.
• Mangalam Speciality Chemicals Private LimitedcoreOthersSubsidiary of Mangalam Organics Limited focused on specialty chemicals manufacturing and trading.
• Link Intime India Private LimitedminorOthersRegistrar and Share Transfer Agent for Mangalam Organics. Located at C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400083. Contact: [email protected]. Handles share transfers, investor queries, and IEPF compliance under the supervision of Ms. Shachi Sanghavi, Company Secretary & Compliance Officer.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Ingevity Corporation: U.S.-based specialty chemicals company whose performance chemicals segment manufactures rosin and tall-oil-based products including terpene resins — directly comparable technology and end-markets (adhesives, rubber, inks) to Mangalam's pine-chemical portfolio.
• DRT (Dérivés Résiniques et Terpéniques): France-headquartered global leader in rosin and terpene chemistry, producing terpene phenolic resins, ester gums, and specialty pine chemicals — directly comparable specialty pine derivatives serving the same adhesives, coatings, and F&F customers as Mangalam.
• Camphor & Allied Products Ltd. Indian manufacturer of synthetic camphor and terpene derivatives with overlapping customer segments in religious/personal care and industrial chemicals — a more direct competitor in the Indian B2C camphor market and adjacent to Mangalam's House of Mangalam brand.
• Kraton Corporation: Global leader in terpene phenolic resins, styrenic block copolymers, and pine-chemical-based performance products — directly competes with Mangalam's terpene phenolic resin and rosin-based resin offerings in adhesives and rubber tackifier applications.
• Privi Speciality Chemicals Limited: India's largest dedicated pine chemicals manufacturer producing terpene-based aroma chemicals and intermediates including camphor, dipentene, and terpineol — directly comparable product portfolio, customer base in F&F and industrial chemicals, and Indian BSE/NSE listing.
• Pinova Holdings: Specialty manufacturer of rosin-based resins, terpene chemistry products, and natural-based ingredients — directly comparable in pine-derived specialty chemicals for flavor & fragrance, personal care, and industrial applications.
• Arakawa Chemical Industries, Ltd. Japanese specialty chemicals manufacturer of terpene phenolic resins, rosin ester resins, and adhesive tackifiers — directly competes with Mangalam in synthetic resins for adhesives, hot melts, and rubber applications.

Emerging players

• S.H. Kelkar and Company Limited: Indian flavors and fragrances company using terpene-based aroma chemicals (camphor, camphene, dipentene) as inputs — a downstream customer-comparable in the F&F segment where Mangalam supplies terpene ingredients.
• Robertet Group: France-based natural aroma chemicals and fragrance ingredients producer that sources terpene derivatives — comparable customer base in F&F and personal care where Mangalam sells camphor, isobornyl acetate, and dipentene as flavor/fragrance agents.

Broad incumbents

• Eastman Chemical Company: Large U.S. specialty chemicals incumbent with resin, additive, and intermediates businesses serving adhesives, coatings, and F&F — broader portfolio but overlapping capabilities with Mangalam's terpene phenolic and ester gum resin lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CampureIndia
• Facebookfacebook.com/MangalamCamphor
• Instagraminstagram.com/mangalam.camphor

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 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 Mangalam Organics