Sudarshan Chemical Industries Limited

Sudarshan Chemical Industries Limited Overview

Company Headquarters: India

Founded: 1951

Workforce: ~1,285

Company Working: Sudarshan Chemical Industries Limited is a global manufacturer of pigments and solvent dyes with over 70 years of experience. The company's mission is to be a world-class solution provider with a vibrant and innovative culture, and they prioritize customer service, honesty, ownership, timely delivery, listening, empathy, collaboration, and trust. Sudarshan has a highly experienced and dedicated leadership team that maintains a work culture of trust and respect. The company's evolution began domestically and expanded globally with production plants and infrastructure, as well as a research and development center. Sudarshan offers a wide range of products, including Azo Pigments, High Performance Polycyclic Pigments, CICP, Solvent Dyes, Pigment Preparations, and Effect Pigments. It generates most of its revenue from the Pigments segment and is headquartered in India. The company cater to the wide range of industries namely paints, plastics, inks and cosmetics. The Company has operating production plants in Mahad & Roha (Maharashtra) and dedicated R&D centre in Pune and Germany. Sudarshan caters to market in Europe, Middle East, Africa, Americas and Asia-Pacific, around 85+ countries globally.

Strategy

Sudarshan Chemical Industries Ltd. is focused on increasing its market share through the development of new products, improved capabilities, a targeted go-to-market strategy, and cost leadership in select molecules. The company's ongoing expansion plan is making it stronger and more resilient. Sudarshan Chemical Industries is dedicated to sustainability and has made it the core of its business strategy. The company is committed to improving the lives of its employees and local communities while preserving the planet. Sudarshan Chemical Industries has implemented various Corporate Social Responsibility (CSR) projects to make a positive impact in the areas of environment, social, and governance (ESG), aligning its initiatives with the United Nations Sustainable Development Goals (UN SDG).

Company Snapshot

$225.791M

Revenue

1,285

Employees

1951

Founded

India

Headquarters

SWOT Analysis

Strengths

Strong brand reputation
Diverse product portfolio
Wide Distribution Network
Significant industry experience
Strong regional brand recognition and reputation
Wide geographical presence

Weaknesses

Dependence on Indian Market
Limited production capacity
Limited success outside core business
Replicable business model can allow the competitors to formulate the same policies
Gaps in product range

Opportunities

Growing demand for pigments and colorants
Strategic partnerships
International Expansion
New customers from online channel
New trends in costumer behavior
Strategic acquisitions to diversify the company's operations and product offering

Threats

Regulatory risks
Intense competition
Covid-19 Pandemic
Fluctuations in the raw material prices
Impact of foreign exchange fluctuations

Key Developments

Date	Approach	Development
March 2023	Agreement	Sudarshan Chemical Industries, a renowned manufacturer of top-quality pigments in Pune, India, has signed agreement with BTC Europe, BASF's distribution organization in Europe, for the distribution of organic and inorganic pigments and effect pigments in Europe. The main objective of this agreement is to combine the industrial know-how and expertise of both companies to provide customers with access to a broad range of high-quality pigments suitable for various industries.

Product Offering

Sudarshan Chemical Industries Limited
- Organic Pigments

Financial Performance

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