Kanel Industries Limited
Kanel Industries Limited is a publicly listed Ahmedabad, India-based company (BSE: 500236) that, per its profile, manufactures, supplies, and exports various grades of castor oil. Founded in 1992, it currently reports zero revenue across multiple quarters while pursuing capital raises via QIP and rights issue.
- Company typePublic
- Founded1992
- HeadquartersAhmedabad, India
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Kanel Industries Limited does
Kanel Industries Limited is a publicly listed Indian company (BSE: 500236) headquartered in Ahmedabad, India, that — according to its firmographic profile — manufactures, supplies, and exports various grades of castor oil. The company was founded in 1992 and is registered as a public limited company under Indian jurisdiction, operating under SEBI Listing Regulations compliance. It maintains a corporate website at kanel.in and has a workforce of 1-10 employees.
Despite the company's stated industrial mandate and 30+ year operating history, its financial disclosures indicate a complete absence of revenue-generating activity. The company has reported zero sales across at least four consecutive quarters (Q3 FY25, Q4 FY25, Q3 FY26, Q4 FY26) and across full fiscal years 2023, 2024, 2025, and 2026. Correspondingly, net losses have widened materially — from Rs 0.06 crore in FY25 to Rs 0.48 crore in FY26, and from $1.78M in 2023 to $4.79M in 2026 in USD terms. Q4 FY26 showed a small standalone net profit of Rs 0.02 crore despite zero revenue, implying non-operating income sources rather than a return of core operations.
The company remains in an operating status, continuing to file financial results, conduct shareholder votes, and convene board meetings. In July 2026, shareholders unanimously approved a Qualified Institutions Placement (QIP) of equity shares and the Board scheduled a meeting to consider a rights issue, signaling an intent to raise fresh capital — plausibly to restart or reposition operations. No product details, customer segments, distribution channels, or technology architecture are disclosed in available sources.
Kanel Industries Limited firmographics
Firmographics- Name
- Kanel Industries Limited
- Legal name
- Kanel Industries Limited
- Website
- http://www.kanel.in
- Company type
- Public
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Kanel Industries Limited is a publicly listed Ahmedabad, India-based company (BSE: 500236) that, per its profile, manufactures, supplies, and exports various grades of castor oil. Founded in 1992, it currently reports zero revenue across multiple quarters while pursuing capital raises via QIP and rights issue.
- Ownership category
- akta.pro rank
Kanel Industries Limited industry classification
Industry- Product category
- Castor Oil Manufacturing
- NAICS
- Starch and Vegetable Fats and Oils Manufacturing (31122), Soybean and Other Oilseed Processing (311224), Fats and Oils Refining and Blending (311225)
- SIC
- Fats & Oils (2070)
- akta.pro primary industry
- Specialty & Tropical Oils Processing (Avocado, Sesame, Peanut, Rice Bran, Grapeseed) (AFAKAEAE)
- akta.pro secondary industries
- Industrial Oil & Wax Crop Farming (Castor, Jojoba, Oil Palm for industrial uses) (AFAGAGAL), Process Oils & White Oils (IMAEAMAK)
Keywords
Where Kanel Industries Limited is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Markets served
Kanel Industries Limited business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations
Kanel Industries Limited product offering
Product offeringCore offering
Kanel Industries Limited manufactures, supplies, and exports various grades of castor oil. Founded in 1992 and headquartered in Ahmedabad, India, the company has historically served industrial buyers requiring castor oil for use as a feedstock, lubricant, or specialty chemical ingredient.
Differentiator
Problem solved
Functional benefit
Products and services
- Castor Oil (Multiple Grades) Various grades of castor oil manufactured and supplied to industrial buyers for use in chemical, pharmaceutical, cosmetic, and lubricant applications. The product is also exported to international markets.
Companies that use Kanel Industries Limited
Customer profileIdeal customer profiles1 record
Kanel Industries Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Kanel Industries Limited partnerships and signals
Strategic signalScale indicators6 records
Recent moves4 records
Expansion highlights3 records
Kanel Industries Limited competitors and assessment
Company assessmentDirect peers
- Jayant Agro-Organics Limited: Jayant Agro-Organics is India's largest castor oil and castor derivative manufacturer and exporter. Directly comparable to Kanel as both are India-based castor oil processors serving global industrial and specialty chemical customers.
- Gokul Agro Resources Limited: Gokul Agro Resources is an Indian processor and trader of edible and specialty oils including castor oil derivatives. Comparable to Kanel as a mid-sized Indian oilseed/oil processor with manufacturing and export operations.
- Vertellus Specialties: Vertellus is a global specialty chemicals company that processes castor oil into derivatives for personal care, lubricants, and industrial applications. Comparable as a castor oil specialty processor competing for similar industrial end markets.
Broad incumbents
- Adani Wilmar Limited: Adani Wilmar is a major Indian edible oils and food FMCG company with broad agro-processing operations. Comparable as a large Indian edible/specialty oil processor with downstream packaging and brand presence, though operating at significantly greater scale.
- Ruchi Soya Industries (Patanjali Foods): Ruchi Soya, now Patanjali Foods, is one of India's largest edible oil refiners and FMCG companies. Comparable as a major Indian oilseed processor and branded oils player, though at vastly larger scale.
- BASF SE: BASF is a global chemical company with a major castor oil derivatives business producing polyols, sebacic acid, and specialty chemicals. Comparable as a downstream consumer of castor oil and competitor in castor-based specialty chemicals.
- Arkema SA: Arkema is a global specialty chemicals producer with castor-derived product lines (e.g., bio-based polyamides). Comparable as a downstream specialty chemical participant using castor oil as a key feedstock.
- Cargill, Incorporated: Cargill is a global agricultural commodity processor with significant oilseed processing operations including specialty industrial oils. Comparable as a broad oilseed and vegetable oil processor with global supply chain reach.
Regional players
- Henry Lamotte Oils: Henry Lamotte is a German-based processor and supplier of refined oils including castor oil, serving European industrial and cosmetic markets. Comparable as a castor oil refiner and distributor in the global trade flow.
- Thai Castor Oil Industries Co., Ltd. Thai Castor Oil Industries is a Thailand-based castor oil producer and exporter serving Asian and global markets. Comparable as a regional castor oil processor competing in the same export markets.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights5 records
Customer concentration
Kanel Industries Limited social profiles
Digital presenceKanel Industries Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kanel Industries Limited leadership team
Management profileNumber of profiles
Profiles1 record
Kanel Industries Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kanel Industries Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kanel Industries Limited
What does Kanel Industries Limited do?
Kanel Industries Limited manufactures, supplies, and exports various grades of castor oil. Founded in 1992 and headquartered in Ahmedabad, India, the company has historically served industrial buyers requiring castor oil for use as a feedstock, lubricant, or specialty chemical ingredient.
Is Kanel Industries Limited a public or private company?
Kanel Industries Limited is a public company. It is classified as public and is currently operating.
When was Kanel Industries Limited founded?
Kanel Industries Limited was founded in 1992. It employs 1 to 10 people.
Where is Kanel Industries Limited based?
Kanel Industries Limited is headquartered in Ahmedabad, India, in the Asia region.
Who are Kanel Industries Limited's main competitors?
Direct peers on record are Jayant Agro-Organics Limited, Gokul Agro Resources Limited and Vertellus Specialties. Broad incumbents are Adani Wilmar Limited, Ruchi Soya Industries (Patanjali Foods), BASF SE, Arkema SA and Cargill, Incorporated. Regional players are Henry Lamotte Oils and Thai Castor Oil Industries Co., Ltd..
Does Kanel Industries Limited have an API?
No public API is recorded for Kanel Industries Limited.
What industry is Kanel Industries Limited in?
Kanel Industries Limited's product category is Castor Oil Manufacturing. Its primary akta.pro industry code is AFAKAEAE, Specialty & Tropical Oils Processing (Avocado, Sesame, Peanut, Rice Bran, Grapeseed), with a secondary code of AFAGAGAL, Industrial Oil & Wax Crop Farming (Castor, Jojoba, Oil Palm for industrial uses). Its NAICS code is 31122 and its SIC code is 2070.