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Atul Limited
Company typePublic
ISINISIN: INE100A01010
IndustryChemical industry
Founded5 September 1947
FounderKasturbhai Lalbhai
HeadquartersAtul, Valsad district, Gujarat, India
Area served
Worldwide
Key people
Sunil Siddharth Lalbhai (Chairman and MD), Gopi Kannan Thirukonda (CFO)
Revenue₹5,703 (US$67)
₹510 (US$6.00)
₹385 (US$4.60)
Total assets₹6,005 (US$71)
Total equity₹5,089 (US$60)
Number of employees
3,255 (as of 31 March 2024)
ParentLalbhai Group
Websitewww.atul.co.in

Atul Limited is an Indian chemical manufacturing company headquartered in Atul, Gujarat and is listed on both stock exchanges of India. Founded on 5 September 1947 by industrialist Kasturbhai Lalbhai, it was one of the first private‐sector enterprises established in post‐independence India and is part of the Lalbhai Group. It serves over 4,000 customers across more than 30 industries in 90 countries through wholly owned subsidiaries in the United States, United Kingdom, United Arab Emirates, China, and Brazil.[1][2][3][4][5][6][7][8][9][10][11][excessive citations]

Atul has diversified itself into a chemical conglomerate from a small company making a few textile dyes into a chemical conglomerate manufacturing 900 products and 400 formulations to 4,000 customers belonging to 30 diverse industries in the process making India self-reliant in manufacturing of several chemicals.[12] The Company has established 41 operating subsidiary, a joint venture and associate entities over the seven decades.[12][13][1]

Atul is the largest producer of para Cresol, para-anisic, aldehyde and para-anisic alcohol in the world with almost 55% of total global capacity at a single location.[14]

Atul also manufactures many pharmaceuticals and drugs and it is the first company in India to manufacture Dapsone.[15]

In 2024 Atul village developed by Atul and with help of its Atul Foundation got the Platinum Green Village certification.[16]

History

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Atul was incorporated on 5 September 1947 by Kasturbhai Lalbhai. The manufacturing plant at Atul village inaugurated by Prime Minister Jawaharlal Nehru in 1952.[3] Early international partnerships included American Cyanamid (1952) to form Cyanamid India Ltd for industrial chemicals and Imperial Chemical Industries (ICI) in 1955 to create Atic Industries Ltd for textile dyes. In 1960, a joint venture with Ciba-Geigy resulted in the creation of Cibatul Ltd for manufacturing epoxy resins.[17][full citation needed][18]

Key expansions:

  • 1967: Entry into agrochemicals with phenoxy herbicides
  • 1985: Acquisition of Piramal Rasayan Ltd (renamed Amal Ltd)[19]
  • 1997: Founded Atul Bioscience Ltd for active pharmaceutical ingredients (APIs) and intermediates
  • 2011: Acquired DPD Ltd (UK) and formed joint venture with Rudolf GmbH (Germany)[20]
  • 2012 -Atul's Ankleshwar unit started world’s biggest Para cresol manufacturing plant of Atul which was inagurated by Narendra Modi, who was then Chief Minister of Gujarat[21]
  • 2013: Atul acquiered adhesive brand Polygrip[22]
  • 2016:Dutch specialty chemicals major AkzoNobel and Atul Ltd, a Lalbhai Group company signed an agreement to set up a manufacturing joint venture for the production of monochloro acetic acid (MCA) in India.[23]
  • 2017: Joint venture with Nouryon (Netherlands) to produce monochloroacetic acid[24]
  • 2022: Atul is one of the leading producers of sulphur black in the world. In 2022 it completed the expansion of its sulphur black manufacturing facility from 9,800 tonnes to 26000 tonnes per annum.[25]
  • 2024: In January 2024 Atul commissioned 1035 crore caustic-chlorine plant at its main plant in Atul village In October 2024 Atul completed the expansion of its liquid epoxy resin at its facility. After expansion the total capacity to manufacture is now 80,000 tons per annum.[26]
  • 2024 : Atul introduced a new patented herbicide to control post-emergence weeds, marking its dominance in the retail crop-protection market of India[27]
  • 2025 Atul Healthcare, which had acquired controlling stake in Valsad Institute of Medical Sciences Ltd in 2022 started its modern multi-specialty and super specialty NABH compliant 200 bed hospital in Valsad district at Pardi. The hospital was inaugurated by incumbent Chief Minister of Gujarat, Bhupendrabhai Patel in February 2025.[28][29]

Products

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Atul manufactures over 900 products and 400 formulations across several segments:

Operations

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Production facilities are located in:

  • Atul (Gujarat) – flagship integrated site
  • Ankleshwar (Gujarat) – agrochemicals & intermediates
  • Panoli (Gujarat) – specialty chemicals
  • Tarapur & Ambernath (Maharashtra) – pharmaceuticals

International subsidiaries:

Philanthropy

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Atul’s CSR initiatives focus on education, skill development, and healthcare:

  • Kalyani School and Urmi Santstha started in 1953[3]
  • Education: Atul Vidyalaya, Atul Vidyamandir
  • Vocational training: Atul Institute of Vocational Excellence (PPP model)
  • Healthcare and sanitation: Mobile clinics, toilet construction aligned with Swachh Bharat Abhiyan

See also

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References

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  1. ^ a b "A story of 70 years: Atul serving diverse industries, touching lives with quality products, services". ANI News. 26 March 2021. Retrieved 4 May 2021.
  2. ^ "Top 10 Chemical Companies in India". IndianCompanies.in. Retrieved 4 May 2021.
  3. ^ a b c Jones, Geoffrey (21 March 2023). Deeply Responsible Business: A Global History of Values-Driven Leadership. Harvard University Press. p. 175. ISBN 978-0-674-91653-1. Retrieved 13 May 2025.
  4. ^ Piramal, Gita (8 December 2005). Smart Leadership: Insights for CEOs. Penguin UK. ISBN 978-81-8475-118-5. Retrieved 13 May 2025.
  5. ^ Purohit, Devesh (4 February 2024). Theory of Reference Building - Legacy Matrix: An innovative IP for Public Relations and Brand Management. OrangeBooks Publication. p. 94. Retrieved 13 May 2025.
  6. ^ Dataquest: DQ (1991 ed.). Cyber Media (India), 1991. 1991. p. 104. Retrieved 13 May 2025.
  7. ^ The Textile Magazine, Volume 37, Issues 7-12. 1996. p. 64. Retrieved 13 May 2025.
  8. ^ Chopra, Pran Nath (1992). Encyclopaedia of India: Gujarat (1992 ed.). p. 226. Retrieved 13 May 2025.
  9. ^ The Far East and Australasia (2003 ed.). Europa Publications. 2002. p. 508. ISBN 978-1-85743-133-9. Retrieved 13 May 2025.
  10. ^ American Shadow Over India (1956 ed.). L. Natarajan. 1956. p. 73. Retrieved 13 May 2025.
  11. ^ Rajmohan, K.; Mohanan, B.N.; Batra, A.M. (December 2010). "Data palm development mission of Atul Ltd. in India". Acta Horticulturae (882): 289–292. doi:10.17660/actahortic.2010.882.31. ISSN 0567-7572.
  12. ^ a b "Atul Ltd. enters 70th year of Operations". Business Standard. 17 March 2021. Archived from the original on 22 April 2021. Retrieved 13 May 2025.
  13. ^ "Siddharth Kasturbhai Lalbhai's Atul entering 70th year of operations". BW Businessworld. 2 February 2021. Retrieved 13 May 2025.
  14. ^ "United Nations Industrial Development Organization (UNIDO) RECP Experiences in M\/s. Atul Limited ( Aromatic Division " (PDF). Retrieved 13 May 2025.
  15. ^ "Atul Ltd receives USFDA's approval for Dapsone facility". Business Standard. 17 January 2015. Retrieved 17 May 2025.
  16. ^ "Atul village received Platinum Green Village certification". 8 January 2024. Retrieved 13 May 2025.
  17. ^ "Joint Ventures in Indian Chemical Industry". Chemical Weekly: 45–48. 20 March 1965.
  18. ^ Penguin-CNBC TV18 Business YRBK10 (2010 ed.). Derek O'Brien. August 2010. p. 116. ISBN 978-0-14-341419-3. Retrieved 13 May 2025.
  19. ^ "SAIL to shed 6,000 employees". The Economic Times. 14 April 1985. Retrieved 15 February 2024.
  20. ^ "Maruti Suzuki stocks down on products recall". 15 March 2011. Retrieved 15 February 2024.
  21. ^ "Narendra Modi opens the world's biggest Para cresol plant". DeshGujarat. 6 April 2012. Retrieved 13 May 2025.
  22. ^ "Atul Ltd acquires adhesive brand Polygrip". Business Standard. 20 January 2013. Retrieved 13 May 2025.
  23. ^ "AkzoNobel and Atul Ltd to set up monochloro acetic acid JV in India". Business Standard. 28 April 2016. Retrieved 13 May 2025.
  24. ^ "AkzoNobel and Atul gear up for 2019 Indian production plans". CosmeticsDesign-Asia. 22 May 2017. Retrieved 16 May 2021.
  25. ^ "Atul expands sulphur black manufacturing capacity to 26,000 MTA". indianchemicalnews.com. Archived from the original on 9 March 2022. Retrieved 13 May 2025.
  26. ^ "ThyssenKrupp receives contract from Atul Ltd for caustic soda plant". BS B2B Bureau. 6 November 2024. Retrieved 19 May 2025.
  27. ^ "Sindica - A Novel, Patented Post-emergence Herbicide for Sugarcane from Atul". Business Standard. 15 March 2024. Retrieved 17 May 2025.
  28. ^ ગાયક્વાડ, હર્ષ (2 February 2025). "વલસાડ ઇન્સ્ટિટ્યૂટ ઓફ મેડિકલ સાયન્સ (VIMS) હોસ્પિટલનું મુખ્યમંત્રીશ્રી ભૂપેન્દ્રભાઈ પટેલના હસ્તે લોકાર્પણ કરાયું". Gujju Reporter. Retrieved 17 May 2025.
  29. ^ "CM આજે વલસાડ મેડિકલ કોલેજનું લોકાર્પણ કરશે". Divya Bhaskar. 2 February 2025. Retrieved 17 May 2025.
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