About Platinum Industries Limited

Platinum Industries Limited is a Mumbai-headquartered, multi-product specialty chemicals company focused on PVC and CPVC additives, metal soaps, and lubricants. Its ISO 9001:2015-certified manufacturing hub at Palghar, Maharashtra, serves customers in more than 30 countries, supporting end-uses such as PVC pipes and fittings, profiles, electrical wires and cables, SPC floor tiles, and packaging materials. The company operates with a robust, R&D-led business model and strategically positioned facilities designed to optimise production, quality, and supply chain efficiency.

Established in 2016, Platinum Industries began by producing lead and non-lead PVC stabilisers. By 2018, it had expanded into CPVC additives and lubricants, and in 2020, it transitioned from an LLP to a private limited company. In 2022, it further expanded by establishing overseas operations and commencing polyethylene wax manufacturing. Its equity shares were listed on the BSE and NSE on March 5, 2024, marking a major milestone that drew strong investor interest during its initial public offer. The company today supplies its products across global corridors, with a particular focus on the Middle East and North Africa (MENA) and Southeast Asia, while expanding its presence in Europe and Asia through partnership-based growth and compliance with regional standards.

The group includes three subsidiaries and one associate company, reflecting a streamlined yet expanding structure aligned with its growth strategy. A new manufacturing facility under development in Egypt — strategically situated close to the Suez Canal — strengthens its export-focused approach by optimising freight and enhancing access to high-growth markets.

Key Milestones of Platinum Industries Limited

Key milestones include the company’s inception in 2016 with the manufacture of PVC stabilisers, diversification into CPVC additives and lubricants in 2018, and transition to a private limited company in 2020. In 2022, Platinum expanded its overseas footprint and initiated polyethylene wax manufacturing. The company’s public listing on the NSE and BSE on March 5, 2024, marked a significant achievement, enabling it to raise growth capital for capacity expansion. The subsequent establishment of an overseas plant in Egypt represented another milestone in its internationalisation strategy.

Platinum Industries Limited Business Segments and Geographic Presence

Business Segments (FY25 revenue share):

• Non-lead based stabilisers – 42.06%
• Lead-based stabilisers – 23.31%
• CPVC additives – 18.42%
• Lubricants – 11.07%
• Others – 5.14%

Geography (FY25):

• Exports – 13.02% of total revenue
• Domestic – Balance of total revenue

The company’s operations span India and over 30 global markets, with strong customer bases in the MENA region, Southeast Asia, Europe, and Asia. Platinum’s R&D-focused manufacturing hub in Palghar, Maharashtra, supports its international supply chain and export-led growth strategy.

Platinum Industries Limited Business Segment

Platinum Industries Limited operates across a diversified portfolio of specialty chemical products. Its core business includes non-lead and lead-based stabilisers, CPVC additives, lubricants, and other chemical auxiliaries. The company’s products cater to multiple end-use sectors, including construction, infrastructure, agriculture, electricals, packaging, and consumer goods. Domestically, it continues to expand production capacity at its Palghar facility, with exports contributing 13.02% of FY25 revenue across over 30 international markets.

Platinum Industries Limited Key Management

• Krishna Dushyant Rana – Chairman & Managing Director
• Parul Krishna Rana – Executive Director
• Anup Singh – Executive Director
• Gyandeep Mittal – Chief Financial Officer
• Bhagyashree Mallawat – Company Secretary & Compliance Officer

Latest Updates on Platinum Industries Limited

• Public listing: The company’s equity shares were listed on NSE and BSE on March 5, 2024, following its initial public offer. The proceeds were allocated for expanding capacity both in India and overseas, along with funding working capital and general corporate purposes.
• Capacity expansion: Two major projects are in progress — an expansion at Palghar (Phase 1 with 12,000 MTPA commissioned in August 2025, additional phases targeted by December 31, 2025) and a new facility in Egypt located near the Suez Canal to serve MENA markets. Palghar’s total capacity is planned to reach 1,20,000 MTPA by FY26.
• Market footprint: Platinum operates in more than 30 countries with strong presence across MENA and Southeast Asia, and growing reach in Europe and Asia supported by local partnerships and regulatory alignment.
• Industry position: According to a CRISIL report cited in the Annual Report, Platinum ranks as India’s third-largest PVC stabiliser manufacturer with a 13% market share, enabled by sustained R&D investment and capacity enhancement.
• Regulatory alignment: The company has strengthened its product portfolio to meet new BIS norms restricting lead-based additives in potable, agricultural, and sewage piping applications, ensuring compliance and performance for OEM customers.