What Master Chemicals does

Master Chemicals Limited (MCL) is a publicly listed Indian company incorporated on May 22, 1980 as Master Chemicals Private Limited and converted to a public company effective July 18, 1983. The company is listed on the Bombay Stock Exchange under scrip code 506867 (ISIN: INE523S01017; CIN: L99999MH1980PLC022653), with its registered office at Sahara India Point, 25-28, Atlanta Building, Jamnalal Bajaj Marg, Nariman Point, Mumbai. As of December 31, 2023, the Sahara Group entities collectively hold 70.12% of the 245,000 issued equity shares — Sahara Prime City Limited at 48.53% and Sahara India Corp Investment Limited at 21.59% — with the remaining 29.88% held by public shareholders. The company's name notwithstanding, its stated business mandate is unusually broad and horizontal, covering dealing, manufacturing, agency, and marketing operations in India and abroad across precious and semi-precious metals, automobile parts and accessories, books, magazines, newspapers, stationery, cinematographic films and equipment, floriculture, agricultural and animal farm products, food grains, beverages, and canned provisions.

The entity maintains continuous statutory compliance through annual reports filed since 2006 and quarterly results filings, with the most recent annual report covering fiscal year 2024–2025. There is no technology product, software platform, application, API, AI capability, or customer-facing digital product associated with the entity. No revenue figures, employee headcount, named customers, or operational throughput metrics are disclosed in publicly available materials. The management team is small and comprises a CFO (who also assumed the Compliance Officer role on September 10, 2022 after the previous Company Secretary's exit), a non-executive non-independent director, two non-executive independent directors (one of whom chairs the board), and no other named executives.

The company operates an enterprise sales-driven trading and manufacturing model targeting enterprise buyers across its diversified product categories. The only active marketing and distribution channel identified is its investor relations website, which functions as the primary communication surface for regulatory disclosures (annual reports, quarterly results, shareholding patterns, and corporate governance information). The 245,000-share total issued capital, the 70% Sahara Group promoter concentration, and the absence of any disclosed operational scale indicators are consistent with a low-activity listed entity maintained in compliance rather than a commercially scaling operating business.

Name

Master Chemicals

Legal name

Master Chemicals Limited

Website

https://masterchemicals.in

Company type

Public

Founded year

1980

Operating status

Operating

Short description

Master Chemicals Limited is a Mumbai-based, BSE-listed diversified trading and manufacturing company incorporated in 1980, majority-owned (70.12%) by Sahara Group entities, with stated business scope spanning precious metals, automobile parts, agricultural products, and consumer goods.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Chemicals Trading and Manufacturing: The company deals, manufactures, works as an agent, and organizes marketing in India and abroad for various product categories including precious and semi-precious metals, automobile products, books, magazines, newspapers, stationery, cinematographer films and equipment, floriculture, agriculture/animal and farm products, food grains, beverages, and canned provisions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Master Chemicals Limited is a diversified trading and manufacturing company that deals in, manufactures, acts as an agent for, and organizes the marketing of a broad range of physical goods within India and abroad. Its portfolio spans precious and semi-precious metal products, automobile products and parts, books, magazines, newspapers and stationery, cinematographic films and equipment, floriculture products, agricultural and animal farm products, food grains, beverages, and canned provisions. The company operates through direct dealing, manufacturing, agency and marketing arrangements rather than through a technology platform or marketplace.

Product overview

Master Chemicals Limited is a diversified trading and manufacturing company originally incorporated in 1980. The company operates as a dealer, manufacturer, and marketing agent handling a broad range of products including precious and semi-precious metals, automobile parts and accessories, books, magazines, newspapers, stationery items, cinematographic films and equipment, floriculture products, and agricultural/animal farm products including food grains, beverages, and canned provisions. The company does not offer a technology product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Precious and Semi-Precious Metals Trading Dealing, manufacturing, and marketing of precious and semi-precious metal products in India and abroad, offered under the company's diversified trading operations.
• Automobile Products, Parts and Accessories Dealing and distribution of automobile products, parts, and accessories in India and abroad as part of the company's diversified trading activities.
• Publications and Stationery Trading Dealing in books, magazines, newspapers, and stationery items in India and abroad through the company's diversified product operations.
• Cinematographic Films and Equipment Trading Dealing in cinematographic films and equipment in India and abroad, included in the company's main objects clause.
• Floriculture and Flowers Dealing in floriculture and flower products in India and abroad as part of the company's diversified trading activities.
• Agricultural, Animal and Farm Products Dealing, manufacturing, and marketing of agricultural, animal, and farm products in India and abroad as part of the company's diversified operations.
• Food Grains, Beverages and Canned Provisions Dealing, manufacturing, and marketing of food grains, beverages, and canned provisions in India and abroad as part of the company's diversified fast-moving consumer goods operations.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Sahara Prime City LimitedcoreOthersPromoter company holding 48.53% stake (118,900 shares) in Master Chemicals Limited as part of the Promoter and Promoter Group.
• Sahara India Corp Investment LimitedcoreOthersPromoter company holding 21.59% stake (52,900 shares) in Master Chemicals Limited as part of the Promoter and Promoter Group.
• Link Intime India Private LimitedcoreImplementation/ SI/ Consulting PartnerRegistrar and Share Transfer Agent (RTA) appointed by Master Chemicals for handling share registry work. SEBI registered Category-I agency managing physical and electronic share transfers, dematerialization, and investor services.

Scale indicators4 records

Recent moves3 records

Broad incumbents

• Tata Chemicals: Large Indian BSE/NSE-listed chemical and consumer products company. Comparable as a major Indian listed chemical company operating across soda ash, salt, and specialty chemicals, providing a broad industry benchmark.

Direct peers

• Gujarat Alkalies and Chemicals: Indian BSE-listed chlor-alkali and specialty chemicals manufacturer. Comparable as a long-established Indian listed chemical company with diversified chemical manufacturing across multiple product categories.
• Bodal Chemicals: Indian BSE-listed dyestuff and chemical intermediates manufacturer. Comparable as a small-to-mid cap Indian chemical manufacturer with listed-equity trading structure similar to Master Chemicals.
• DCW Limited: Indian BSE-listed chemical manufacturer (chlor-alkali, PVC, fertilizers). Comparable as a long-standing Indian listed specialty chemicals manufacturer operating across diversified chemical verticals.
• Camlin Fine Sciences: Indian BSE-listed specialty chemicals and food ingredients manufacturer. Comparable as a small-mid Indian listed chemical company with diversified product categories including chemicals and food ingredients.
• Sudarshan Chemical Industries: Indian BSE-listed pigments and specialty chemicals company. Comparable as an Indian listed chemical manufacturer/trader with a diversified specialty chemicals portfolio, similar to Master Chemicals' chemical-trading mandate.
• Chemcon Specialty Chemicals: Indian BSE/NSE-listed specialty chemicals manufacturer serving pharma, agrochemical, and oilfield sectors. Comparable as a small-cap Indian listed chemical company with a diversified specialty chemical product mandate.
• Refex Industries: Indian BSE-listed chemical manufacturer and trader. Comparable as a small Indian listed diversified chemical company with trading and manufacturing operations across multiple categories.
• Hindustan Organic Chemicals: Indian BSE-listed PSU chemical manufacturer. Comparable as a long-established Indian chemical company operating across multiple chemical categories with a similar diversified trading/manufacturing heritage.
• Vidhi Specialty Food Ingredients: Indian BSE-listed specialty chemicals and food ingredients manufacturer. Comparable as a small-cap Indian chemical company with a focused specialty product line and similar listed-equity structure.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat1 record

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Master Chemicals