Sunshield Chemicals Limited

What Sunshield Chemicals Limited does

Sunshield Chemicals Limited is an India-based specialty chemicals manufacturer founded in 1986 and headquartered in Mumbai, with its primary manufacturing facility in Pali, Raigad, Maharashtra. The company operates five product lines: Ethoxylates and Propoxylates (specialty surfactants produced via Alkoxylation), THEIC (Tris 2-Hydroxyethyl Isocyanurate — for which it is the only manufacturer in India and among a few globally), HQEE (Hydroquinone Bis 2-Hydroxyethyl Ether — among a few global manufacturers, used as a polyurethane chain extender), aminic Antioxidants in solid and liquid form, and Urea Formaldehyde Resin (BC-700). Manufacturing relies on proprietary processes including Alkoxylation, Esterification, Blending, Alkylation, Crystallization, Distillation, and Solids Processing, and the facility is ISO 9001:2015 certified with products conforming to European REACH regulations.

The company serves enterprise industrial customers across four primary end-user segments — Industrial Applications, Paints and Coatings (its primary segment), Home and Personal Care, and Agrochemicals — and exports to 17 countries across North America, South America, Europe, South-East Asia, Far East, and the Middle East. Named customers include BASF, ALTANA, Lubrizol, Oronite, Solvay, LANXESS, Lehmann&Voss, Asian Paints, Kansai Nerolac, MRF, Baerlocher, BYK, Reliance, and Pidilite. Sunshield was acquired by Indus Petrochem Limited in 2021, which added chemical sales and marketing capability, and the company remains publicly listed on the Bombay Stock Exchange.

Sunshield operates a sales-led, enterprise field-sales go-to-market model with direct B2B distribution to industrial customers, supported by application engineering and flexible manufacturing for customer-specific specifications. Revenue is generated through one-time sales of manufactured chemical products rather than subscription or licensing; pricing is customer-specific (volume, specification, long-term contract basis) and not publicly disclosed. The company employs 81 people, is led by Managing Director & CEO Jeet Malhotra with a board chaired by Maya Parihar Malhotra, and completed a Rights Issue in 2025 to raise capital from existing shareholders.

Name

Sunshield Chemicals Limited

Legal name

Sunshield Chemicals Limited

Website

https://sunshieldchemicals.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

51–100 employees

Short description

Sunshield Chemicals Limited is a Mumbai-headquartered specialty chemicals manufacturer producing surfactants, THEIC, HQEE, antioxidants, and urea formaldehyde resin for global industrial customers across paints, coatings, HPC, agrochemicals, and industrial applications.

Ownership category

akta.pro rank

Product category

Specialty Chemicals Manufacturing

NAICS

Surface Active Agent Manufacturing (325613), Chemical Manufacturing (325), Soap and Cleaning Compound Manufacturing (32561)

SIC

Chemicals & Allied Products (2800), Industrial Organic Chemicals (2860)

akta.pro primary industry

Specialty Surfactants & Performance Additives (IMAEABAL)

akta.pro secondary industries

Surfactants & Detergent Intermediates (LAB/LAS, Ethoxylates, Sulfonates) (IMAEADAL), Textile, Leather & Paper Specialty Chemicals (IMAEABAM)

Keywords

• Specialty surfactants manufacturing
• Alkoxylation process chemicals
• Aminic antioxidants production
• Polyurethane chain extenders
• Thermosetting resin manufacturing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 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. Specialty Chemicals Manufacturing and Sales: Sunshield Chemicals manufactures and sells specialty chemicals including surfactants (ethoxylates and propoxylates), THEIC, HQEE, antioxidants, and urea formaldehyde resin. Revenue is generated through direct sales of manufactured products to industrial customers globally.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Sunshield Chemicals Limited manufactures and sells specialty chemicals including Ethoxylates and Propoxylates (specialty surfactants), THEIC (Tris 2-Hydroxyethyl Isocyanurate), HQEE (Hydroquinone Bis 2-Hydroxyethyl Ether), aminic antioxidants, and Urea Formaldehyde Resin. Products are produced through proprietary chemical processes including Alkoxylation, Esterification, Blending, Alkylation, Crystallization, and Distillation at its manufacturing facility in Raigad, Maharashtra.

Product overview

Sunshield Chemicals Ltd is a specialty chemicals manufacturer with a differentiated portfolio comprising five main product lines: Ethoxylates & Propoxylates (specialty surfactants used as cleaning agents, emulsifiers, wetting agents, detergents, and stabilizers), THEIC (Tris 2-Hydroxyethyl Isocyanurate) - the only manufacturer in India and among few globally, HQEE (Hydroquinone Bis (2-Hydroxyethyl) Ether) - one of few manufacturers worldwide as a polyurethane chain extender, Antioxidants (aminic antioxidants in solid and liquid forms), and Urea Formaldehyde Resin BC-700 (thermosetting resin for paint/varnish industry). These products serve diverse end-user markets including Industrial Applications, Paints and Coatings, Home and Personal Care, and Agrochemicals.

Differentiator

Problem solved

Functional benefit

Products and services

• Ethoxylates & Propoxylates Ethylene Oxide (EO) and Propylene Oxide (PO) based specialty surfactants used as cleaning agents, emulsifying agents, wetting agents, detergents, and stabilizers. Manufactured via Alkoxylation process where EO/PO reacts with hydrophobes like alkylphenols, fatty amines, fatty alcohols, fatty acids, and vegetable oils for industrial and domestic applications.
• THEIC (Tris 2-Hydroxyethyl Isocyanurate) Specialty functional chemical used as heat stabilizers, cross-linking agent, and PVC stabilizer. Available in powder (Standard/PS 350-500/PS 850) and noodles (Special/Standard) forms. Applications include insulating varnish for wire enamels and reforming agent for saturated and unsaturated polyester urethanes. Among the few global manufacturers and the only manufacturer in India.
• HQEE (Hydroquinone Bis (2-Hydroxyethyl) Ether) Specialty elastomer and crosslinking agent used as a chain extender for polyurethanes (PU). Available as Solid Flakes. Applications include hydraulic cylinders, conveyor belts, seat foam, shoe soles, and color stabilization. One of the few manufacturers in the world.
• Antioxidants Wide range of aminic antioxidants in solid and liquid form. Used in plastic processing, rubber processing, fuel & lubricants, and adhesives. Solid forms include Di-Octylated Diphenylamine (Powder/Flakes) and Di-Cumylated Diphenylamine (Powder). Liquid forms include Nonylated Diphenylamine, Styrenated Diphenylamine, and Butylated Octylated Diphenylamine.
• Urea Formaldehyde Resin (BC-700) Water insoluble thermosetting resin manufactured via reaction of urea and formaldehyde (alkaline methylolation followed by acidic condensation). Used as matting and effects agent for paint and varnish industry. Available as solid powder. Applications include adhesives for bonding particle board, medium density fibreboard, hardwood plywood, and laminating adhesives.

Quantifiable outcome

• Only manufacturer of THEIC in India
• +1 more outcomes

Named customers14 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

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Clariant: Global specialty chemicals major with broad portfolio including surfactants, additives, and functional chemicals across paints, plastics, and personal care — a broad incumbent competitor overlapping with multiple Sunshield product lines.
• Croda International: Global specialty chemicals company with leading positions in performance and care chemicals; competes in surfactants, polymer additives and coatings specialties that overlap with Sunshield's portfolio.
• Evonik Industries: Global specialty chemicals major with leading positions in additives, coatings specialties, and high-performance polymers; a broad incumbent whose additives business overlaps with Sunshield's antioxidants, THEIC, and HQEE chemistries.

Direct peers

• Fine Organic Industries: Indian specialty chemicals manufacturer producing oleochemical-based surfactants, emulsifiers and performance additives — directly comparable to Sunshield's ethoxylate/propoxylate and antioxidant portfolio serving paints, plastics and personal care.
• Stepan Company: US-based global specialty chemicals manufacturer focused on surfactants and polymers, with a strong alkoxylation franchise — directly comparable to Sunshield's ethoxylates/propoxylates business model and end-markets.
• India Glycols: Indian manufacturer of specialty chemicals, surfactants, glycols and performance chemicals serving paints, personal care and industrial customers — directly comparable product mix and Indian specialty-chemicals profile.
• Vinati Organics: Indian specialty chemicals company producing intermediates and performance chemicals, including isobutyl benzene and antioxidants; overlaps with Sunshield's specialty functional chemicals franchise and Indian manufacturing base.
• Alkyl Amines Chemicals: Indian specialty amines and derivatives manufacturer with similar end-market exposure in paints, pharmaceuticals, agrochemicals and surfactants — comparable Indian specialty-chemicals platform.
• Galaxy Surfactants: Indian specialty surfactant manufacturer with global footprint serving personal care, home care and industrial applications; comparable to Sunshield's ethoxylates/propoxylates and HPC end-market exposure.

Emerging players

• Bodal Chemicals: Indian specialty chemicals and dyestuff intermediates producer; partial overlap with Sunshield in specialty intermediates serving coatings, plastics and industrial end-markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sunshield-chemicals

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Sunshield Chemicals Limited