Kiri Industries Lt

What Kiri Industries Lt does

Kiri Industries Limited is a publicly listed Indian industrial conglomerate (NSE: KIRIINDUS) headquartered in Ahmedabad, Gujarat, founded in 1998. It manufactures and exports dyes, dye intermediates, and specialty chemicals for textile, leather, and paper industries, operating through its wholly-owned Kiri Chemicals Limited subsidiary and the Lonsen-Kiri Chemical Industries Limited joint venture with the Lonsen Group, giving it among the largest dyestuff manufacturing footprints in the world at 220,000 MTPA (Lonsen-Kiri) plus 18,000+ TPA reactive dye capacity (Kiri Chemicals). Beyond its established chemicals core, the group is mid-pivot into copper smelting via IndoAsia Copper Limited (planned 1,000,000 MTPA LME Grade A cathode capacity and PLI-approved copper tubes for air conditioners) and into fertilizer manufacturing via IndoAsia Agrotech Fertilizers Limited (planned 3.5 MTPA, 500+ dealer network across 10+ Indian states).

The business operates a B2B, enterprise-led model with global distribution through its Dubai-based wholly-owned subsidiary Chemhub Trading DMCC, which sources and supplies commodities, metals, energy, and industrial raw materials across 60+ countries. Direct export sales to textile and industrial customers in 50+ countries and a dealer-based go-to-market for fertilizers in India make up the remaining channels. The company monetizes primarily through one-time hardware/sales contracts for dyes, chemicals, copper cathodes, and fertilizers, supplemented by transaction-fee revenue from Chemhub trading activities.

A defining recent event is the December 2025 divestiture of Kiri's 37.57% stake in DyStar Global Holdings to Zhejiang Longsheng Group for ~US$689 million, concluding a decade-long Singapore International Commercial Court minority oppression dispute. Proceeds have been redeployed into a US$167.47M outbound FDI into overseas subsidiaries (January 2026), a 17.45 MW hybrid renewable energy project in Gujarat (February 2026), PLI-backed copper tube capacity, and APAC office expansion (Singapore, Tokyo, Sydney). The group is also investing toward a 500 MW combined solar and wind capacity at ~USD 200M and operates Zero Liquid Discharge systems, signaling a deliberate ESG-aligned industrial build-out.

Name

Kiri Industries Lt

Legal name

Kiri Industries Ltd

Website

https://kiriindustries.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Kiri Industries Limited is an Ahmedabad-based publicly listed Indian conglomerate (NSE: KIRIINDUS) manufacturing and exporting dyes, dye intermediates, and specialty chemicals globally, while diversifying into copper smelting (IndoAsia Copper) and fertilizers (IndoAsia Agrotech) and operating global commodity trading through Chemhub Trading DMCC.

Ownership category

akta.pro rank

Product category

Specialty Chemicals Manufacturing

NAICS

All Other Miscellaneous Chemical Product and Preparation Manufacturing (325998), Metal Service Centers and Other Metal Merchant Wholesalers (423510), Chemical and Allied Products Merchant Wholesalers (4246)

SIC

Miscellaneous Chemical Products (2890), Secondary Smelting & Refining Of Nonferrous Metals (3341), Wholesale-Chemicals & Allied Products (5160)

akta.pro primary industry

NPK & Compound/Blended Fertilizers (IMAEAEAD)

akta.pro secondary industries

NPK/Compound & Blended Fertilizers (Granular Blends, Bulk Blending) (AFABABAD), Fertilizer & Micronutrient Formulations (NPK blends, chelates, suspensions) (AFABAIAB), Contract Warehousing, Blending & Distribution for Agrochemicals (bulk handling, IBC/drum management) (AFABAIAL), Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE)

Keywords

• Reactive dyes manufacturing
• Specialty chemicals production
• Copper smelting refining
• Fertilizer manufacturing
• Industrial chemicals export

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Dyes and Specialty Chemicals: Manufacturing and export of reactive dyes, acid dyes, direct dyes, dye intermediates, and basic chemicals. One of India's largest manufacturers and exporters of dyes from India with multiple CHEMEXCIL and GDMA performance awards.
2. Copper Manufacturing: IndoAsia Copper Limited developing copper refining and manufacturing capabilities including continuous cast rods, tubes, and specialized copper solutions for infrastructure, energy, manufacturing, and engineering sectors.
3. Fertilizers and Agrotech: Manufacturing and distribution of fertilizers and crop nutrition solutions including DAP, with planned capacity of 3.5 MTPA to serve 10+ states through 500+ dealer network.
4. Global Trading: Chemhub Trading DMCC provides global trading operations across commodities, metals, energy products, agricultural commodities, and industrial raw materials across 20+ countries.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Kiri Industries Limited is a diversified industrial conglomerate that manufactures and exports dyes, dye intermediates, and specialty chemicals (reactive, acid, direct dyes) through Kiri Chemicals and the Lonsen-Kiri joint venture. It is also developing copper refining and manufacturing (LME Grade A cathodes, continuous cast rods, copper tubes) through IndoAsia Copper Limited and producing crop nutrition fertilizers through IndoAsia Agrotech Fertilizers. The group's Chemhub Trading DMCC subsidiary handles global commodity sourcing, procurement, and supply chain operations across 60+ countries.

Product overview

Kiri Industries Limited is a diversified industrial conglomerate operating across three primary business segments: (1) Dyes & Chemicals — through Kiri Chemicals Limited and Lonsen Kiri Chemical Industries Limited, manufacturing reactive, acid, and direct dyes plus dye intermediates for textiles, leather, and paper industries; (2) Copper — through IndoAsia Copper Limited, developing copper refining and manufacturing capacity to address India's domestic supply deficit; and (3) Fertilizers — through IndoAsia Agrotech Fertilizers Limited, producing crop nutrition and soil management solutions. The Group also operates Chemhub Trading DMCC as its global trading arm, managing international sourcing and distribution across 60+ countries. The portfolio architecture is organized as parent holding with distinct subsidiary companies, each focused on specific industrial sectors, supported by shared sustainability practices and renewable energy initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Kiri Chemicals: One of India's leading manufacturers and exporters of dyes, intermediates, and specialty chemical products.
• IndoAsia Copper
• IndoAsia Agrotech Fertilizers
• Chemhub
• Lonsen Kiri Chemical Industries

Products and services

• Kiri Chemicals Limited One of India's leading manufacturers and exporters of dyes, dye intermediates, and specialty chemicals. Products include reactive, acid, and direct dyes used in textile, leather, and paper industries. Winner of CHEMEXCIL and GDMA performance awards with 18,000+ TPA reactive dye capacity.
• IndoAsia Copper Limited Copper refining and manufacturing company producing LME Grade A cathodes, continuous cast rods, tubes, and specialized copper solutions for electrical, electronics, automotive, EV, and infrastructure sectors. Combined installed capacity of 1,000,000 MTPA in two phases. PLI Scheme approval for White Goods manufacturing of copper tubes for air conditioners.
• IndoAsia Agrotech Fertilizers Limited Fertilizer and crop nutrition company focused on improving agricultural productivity. Manufactures eco-friendly fertilizers and agrochemicals including DAP to promote sustainable farming and soil health. Operations span 10+ Indian states through a 500+ dealer network with planned capacity of 3.5 MTPA.
• Chemhub Trading DMCC International trading company based in Dubai specializing in sourcing, procurement, and global supply chain solutions. Connects customers across more than 60 countries spanning Asia-Pacific, Middle East, Europe, Africa, and the Americas. Trades metals, energy products, agricultural commodities, and industrial raw materials.
• Lonsen Kiri Chemical Industries Limited Joint venture between Kiri Industries and Lonsen Group, one of the world's largest dyestuff manufacturing companies with production capacity of 220,000 MT per annum. Manufactures disperse dyes, reactive dyes, and dye intermediates at a 200+ acre facility in Vadodara, Gujarat with Zero Liquid Discharge capabilities and 150+ R&D professionals.

Quantifiable outcome

• India meets less than two-thirds of refined copper demand domestically, creating significant import substitution opportunity
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• IB Vogt Solar IndiacoreStrategic or Co-development Partner · 5 February 2026IB Vogt Solar India awarded letter of intent for developing 17.45 MW hybrid renewable energy project in Kamlapur, Rajkot district. Project comprises 9.45 MW wind and 8 MW solar capacity at estimated cost of Rs 1.80 billion with commissioning within 10 months.
• Four-Square Green EnergycoreStrategic or Co-development Partner · 5 February 2026Four-Square Green Energy awarded letter of intent for developing 17.45 MW hybrid renewable energy project in Kamlapur, Rajkot district. Project comprises 9.45 MW wind and 8 MW solar capacity at estimated cost of Rs 1.80 billion with commissioning within 10 months.
• Lonsen GroupcoreStrategic or Co-development PartnerJoint venture partner in Lonsen-Kiri Chemical Industries Ltd, one of the world's largest dyestuff manufacturers with 220,000 MT per annum capacity. Lonsen Group is one of the top 5 dyestuff manufacturers globally.
• Well Prospering LtdcoreStrategic or Co-development PartnerJoint venture partner with Kiri Industries Ltd in establishing Lonsen-Kiri Chemical Industries Ltd in 2008, operating one of India's largest reactive dye manufacturing facilities.
• Chemhub Trading DMCCcoreStrategic or Co-development PartnerSubsidiary global trading company based in Dubai Multi Commodities Centre, managing international sourcing, procurement, and supply chain solutions across 60+ countries spanning Asia-Pacific, Middle East, Europe, Africa, and Americas.
• Government of India (PLI Scheme)coreStrategic or Co-development PartnerIndoAsia Copper Limited received PLI approval under Production Linked Incentive Scheme for White Goods to manufacture copper tubes for air conditioners with committed investment of Rs 258.97 crore and incentives up to 4% of net sales.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Atul Limited: Indian diversified specialty chemicals conglomerate manufacturing dyes, intermediates, and crop protection chemicals. Closely comparable to Kiri's dyes & chemicals business across product mix (reactive/acid dyes), B2B export orientation, and Gujarat-based integrated manufacturing footprint.
• Bodal Chemicals Ltd: Ahmedabad-based Indian dye and dye intermediate manufacturer with significant dyestuff capacity. Directly competes with Kiri Chemicals and Lonsen-Kiri in reactive/acid dyes for textile and leather customers, with overlapping export markets.
• Meghmani Finechem Limited: Indian specialty chemicals producer with operations in dyes intermediates, agrochemicals, and pigments. Compares to Kiri on integrated specialty chemicals manufacturing and presence in both dyes and crop nutrition adjacencies.

Broad incumbents

• Huntsman Corporation: Global specialty chemicals manufacturer with textile dyes, performance products, and advanced materials divisions. Comparable as a broad incumbent in specialty dyes and intermediates serving textile customers across Kiri's 50+ country footprint.

Peers

• Archroma (HeiQ acquisition target):

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kiri-industries-ltd
• Instagraminstagram.com/kiriindustriesltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 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 Kiri Industries Lt