Transmetal Limited

What Transmetal Limited does

TML Industries Limited (DBA Transmetal Limited) is a publicly listed Indian specialty chemical manufacturer incorporated in 1989 and operating since 1993 from Vadodara, Gujarat. The company produces acid chloride intermediates — Trichloroacetyl Chloride (TCAC), Sodium Trichlorophenoxyacetate (NaTCP), Chloral, and the agrochemical active Chlorpyrifos — at two manufacturing sites (Piludra on 50+ acres and Karakhadi on 9 acres), with reported capacities of 1,800 TPA TCAC, 2,500 TPA Chlorpyrifos, and the largest NaTCP capacity in its product stream. Operations are supported by in-house utilities including two 900 KWH wind energy installations and effluent treatment systems (fluidized bed combustion boiler and spray dryer), and the facilities are certified to ISO 9001:2000 and ISO 14001:2004. The firm is part of the Excel group of companies with the Shroffs family as promoters.

The company's revenue model is direct B2B sales of specialty chemicals under long-term contracts to enterprise manufacturers. Customers span three end-markets — agrochemicals (Dow Agro, Excel Crop Care, Gharda, Coromandel, Cheminova, SRF, HIL, Bhagiradha, Agrocel), pharmaceuticals (Sun Pharma, Sudarshan, Sequent, GSP), and specialty chemicals (PCCP Ltd, MOL) — with 20+ named accounts including both Indian and global buyers. Go-to-market is sales-led, with logistics capability including ISO-tank exports to European trans-nationals. The Shroffs-family board and affiliations (strategic alliance with Mitsu Ltd 2007-08 to 2013-14; long-term NaTCP offtake with DAS) indicate ecosystem-level coordination across raw materials, production, and downstream buyers rather than a transaction-only posture.

Name

Transmetal Limited

Legal name

TML Industries Limited

Website

https://tmlind.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

TML Industries Limited (DBA Transmetal Limited) is a publicly listed Indian specialty chemical manufacturer in Vadodara, Gujarat, producing acid chloride intermediates (TCAC, NaTCP, Chloral) and the agrochemical Chlorpyrifos for enterprise agrochemical, pharmaceutical, and chemical customers domestically and via export.

Ownership category

akta.pro rank

Product category

Specialty Chemicals

NAICS

Chemical Manufacturing (325)

SIC

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

akta.pro primary industry

Chlor-Alkali & Derivatives (IMAEAAAC)

akta.pro secondary industry

PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC) (IMAEADAF)

Keywords

• Specialty chemical manufacturing
• Acid chloride intermediates
• Agrochemical chemicals
• Pharmaceutical intermediates
• TCAC production

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Others

Revenue model

1. Chemical Products Manufacturing: Manufacturing and sale of Acid Chloride products including TCAC, NaTCP, Chloral, and Chlorpyrifos for agrochemical and pharmaceutical applications

Go-to-market motion1 record

Distribution channels1 record

Core offering

TML Industries Limited manufactures acid chloride chemical products including TCAC (Trichloroacetyl Chloride), NaTCP, Chlorpyrifos, and Chloral at two production sites in Gujarat, India. The company supplies these intermediates to agrochemical and pharmaceutical manufacturers domestically and internationally, with some products manufactured to specific customer specifications.

Product overview

TML Industries Limited is a chemical manufacturing company producing a portfolio of acid chloride and chemical products. The core product line includes TCAC (Trichloroacetyl Chloride), NaTCP, Chlorpyrifos, Chloral, and various acid chloride products for agrochemical and pharmaceutical applications. The company operates two manufacturing sites in Gujarat, India (Piludra and Karakhadi), and has achieved first-mover status in India with its TCAC plant. Products are sold both domestically and internationally, with some manufactured to customer specifications.

Differentiator

Problem solved

Functional benefit

Products and services

• TCAC (Trichloroacetyl Chloride) Acid chloride intermediate used in agrochemical and pharmaceutical manufacturing. Operated from India's first commercial 1800 TPA TCAC plant.
• NaTCP Acid chloride chemical intermediate manufactured for agrochemical and pharmaceutical applications; produced at the largest in-stream NaTCP capacity.
• Chlorpyrifos Agrochemical active ingredient manufactured at 2500 TPA capacity for crop protection applications.
• Chloral Chemical intermediate produced via the acquired Mitsu Satellite unit, supplying TCAC and Chloral to agrochemical manufacturers.
• Acid Chloride Products (custom range) Wide range of acid chloride products supplied to agrochemical and pharmaceutical manufacturers domestically and internationally, including products made to customer specifications.

Named customers22 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• DAScoreStrategic or Co-development Partner · 1 January 2008Entered into Long term agreement with DAS for NaTCP supply. This was a strategic procurement and supply partnership for the NaTCP product line.
• Mitsu Ltd, Vapi (Bilag Group)coreStrategic or Co-development Partner · 1 January 2007Strategic Alliance with Mitsu Ltd, Vapi of Bilag Group established in 2007-08. The alliance continued until 2013-14. As part of this relationship, TML acquired Mitsu's Satellite unit as a going concern, manufacturing TCAC and Chloral products.
• Excel Industries LtdcoreOthersAssociate of Excel Industries Ltd, part of the Excel group of companies. Shroffs, Tushar Dayal and family are major Promoters of the group with business interests exceeding 7 decades.
• Excel Crop Care LtdcoreOthersAssociate company within the Excel group, along with Transpek, Agrocel, Hyderabad Chemicals Ltd, and Punjab Chemicals Ltd - leading names in Agrochemicals, Pharmaceutical Intermediates and Penultimate Chemical Products.
• TranspekminorOthersAssociate company within the Excel group of companies.
• Hyderabad Chemicals LtdminorOthersAssociate company within the Excel group of companies.
• Punjab Chemicals LtdminorOthersAssociate company within the Excel group of companies.
• Aatapi Seva FoundationminorOthersCSR initiative established in 2009-10 as an independent not-for-profit company. Emerged from baseline survey conducted with support from Kutch Navnirman Abhiyan in four villages around TML in 2008/09.
• Kutch Navnirman AbhiyanminorOthersSupported baseline survey conducted in 2008/09 in four villages around TML to understand community needs.
• Hunnershala FoundationminorOthersAs a CSR initiative in 2000-01, co-promoted NGO Hunnershala, Foundation for Building Technology - shelter promoting company with traditional.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Aarti Industries: Indian specialty chemicals manufacturer producing intermediates for agrochemical, pharmaceutical, and polymer industries. Comparable as a domestic manufacturer of chemical intermediates sold B2B to enterprise formulators.
• Gharda Chemicals: Indian integrated agrochemical and specialty chemical manufacturer producing agrochemical actives, intermediates, and dyes. Directly comparable as a domestic producer serving the same agrochemical customer base (including being a TML customer).
• PI Industries: Indian agrochemical company focused on custom synthesis and manufacturing of agrochemical actives and intermediates. Comparable as a domestic agrochemical intermediates player serving global MNC customers.
• Atul Ltd: Diversified Indian specialty chemicals manufacturer with intermediates, dyes, and crop protection chemicals. Comparable in operating model as an Indian multi-product specialty chemical producer serving agrochemical and pharmaceutical customers.
• SRF Limited: Indian specialty chemicals and fluorochemicals company with significant agrochemical intermediates and active ingredients business. Comparable as a domestic specialty chemical producer serving agrochemical formulators (also a TML customer).
• Meghmani Organics: Indian manufacturer of pigments, agrochemicals, and intermediates. Comparable as a domestic agrochemical intermediate and active ingredient producer.
• Punjab Chemicals & Crop Protection: Excel group associate company producing agrochemicals and specialty chemicals. Comparable as a group-affiliated Indian agrochemical manufacturer with overlapping product portfolios.

Broad incumbents

• UPL Limited: India's largest agrochemical company with global footprint in crop protection chemicals, seeds, and post-harvest solutions. Comparable as a domestic agrochemical major that consumes similar intermediates, though far larger and more diversified.
• Excel Industries: Parent/associate Excel group company producing agrochemicals and pharmaceutical intermediates. Comparable as a group peer operating in overlapping chemical intermediates and agrochemical product lines.
• Lanxess AG: Global German specialty chemicals company with material protection products and chemical intermediates. Comparable as a large-scale specialty chemicals incumbent producing chlorinated and agrochemical-related intermediates globally.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/transmetal-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Transmetal Limited