SK Minerals & Additives Ltd is a specialty chemicals company that has spent over a decade evolving from a small trading firm into a manufacturer of its own advanced additives, built on a simple recurring idea: identify products India imports, then make them domestically using its core expertise in nitrogen and phosphorus chemistry. What began in 2010 as a proprietorship trading animal feed supplements transformed in 2021-2022 when the company started manufacturing chelated minerals, and it has since expanded into food preservatives and, most recently, what it claims is India's first halogen-free flame retardant for the polymer industry. The entire business now operates as a hybrid model - it manufactures its own specialty additives while continuing to trade a portfolio of complementary chemicals, steadily tilting the mix toward higher-margin manufactured goods.
Business segments
Three engines at different stages - a legacy trading business that still generates the bulk of revenue, a manufacturing platform for feed and food additives running at near-full capacity, and a polymer-additives bet in the early stages of commercialisation - each built on the same nitrogen-and-phosphorus chemistry backbone.
1. Animal Feed & Nutrition: the foundation that taught the company how to make things
This is where the company first moved from buying and selling to actually manufacturing - it now runs its feed-additive lines at roughly 95% capacity, supplying chelated minerals that improve how livestock absorb nutrients.
- Makes what it used to only trade - the company began manufacturing its own feed additives in 2021-2022, introducing chelated minerals like Zinc Glycinate, Copper Glycinate, and Magnesium Glycinate, products built on its nitrogen and phosphorus chemistry capabilities.
- Sells to some of the biggest names in animal nutrition - its B2B customer list includes multinationals, cooperatives, and public-sector undertakings such as Cargill, KERALA FEEDS, and aavin.
- Still trades where it does not manufacture - alongside its own chelated minerals, the company continues to trade complementary products like Technical Grade Urea, Magnesium Oxide, and Potassium Sulphate, so it can offer a fuller basket to feed customers.
- Developing the next generation in-house - its R&D unit is working on specialty products like Omega-3 and Vitamin D2, which are in the final stage of pilot and industrial trials.
2. Food & Bakery Preservatives: extending shelf life for India's bakeries and dairies
A natural extension of the company's manufacturing know-how - it uses similar chemistry to make preservatives and nutritional ingredients that keep food fresh and safe, and added new capacity in late 2025 to meet demand.
- Entered manufacturing in 2023-2024 - commercial production of food preservatives began to serve the bakery and food industry, with products including Calcium Propionate and Ferric Pyrophosphate.
- Added a fresh production line - a new food-additive manufacturing line came online in October 2025, contributing an additional 150 metric tonnes per month of capacity, and the combined food and feed segments now run at roughly 95% utilisation.
- Supplies trusted dairy and bakery brands - named customers include AB MAURI, Dudhsagar, Nandini, and verka, and the company backs its food-safety claims with ISO 22000:2018 and FSSAI certifications.
3. Polymer Additives: the halogen-free bet on wires, cables, and eventually EVs
The company's newest and most ambitious vertical - it has launched what it calls India's first halogen-free flame retardant, a product that makes plastic insulation safer when it burns, but the plant is still ramping up and customer trials are underway.
- Introduced a first-of-its-kind product in India - branded 'HOFNIL', the halogen-free flame retardant is designed for XLPE (cross-linked polyethylene) wire and cable industries, and the company says existing Indian competitors all use halogen-based chemistry.
- Changes how the material behaves in a fire - the additive raises the ignition temperature from 280-300°C to 500°C and emits non-toxic smoke, which matters for safety in confined spaces like buildings and electric vehicles.
- Plant is built but not yet at full speed - the polymer-additive facility has an installed capacity of 400 metric tonnes per month, added in November 2025, but teething problems mean full utilisation is expected in the next six months' timeline.
- Winning early interest from cable makers - trials are ongoing with five customers, non-disclosure agreements have been signed with two, and the company has received a letter of intent from a reputed integrated wires and cables player in India.
- Plans to scale fast - it has acquired roughly 9.6 acres of land to develop a polymer-additives and compounding facility, with a target to raise total manufacturing capacity to 18,000 metric tonnes in a phased manner over 12 to 18 months, backed by a planned capital expenditure of ₹20 crore.
4. Trading Goods: the legacy cash engine that funds the manufacturing shift
The company still makes more than three-quarters of its revenue from buying and selling chemicals it does not manufacture - a working-capital-intensive business that gives it customer relationships and scale while the manufacturing verticals grow.
- The original business, still the largest by revenue - trading contributed roughly 77% of revenue in FY26, covering petrochemical and chemical products like Melamine, Phenol, Virgin Base Oil, and Technical Grade Urea.
- Thinner margins than manufacturing, but big volumes - gross margin on trading is approximately 21%, compared with 30% on manufactured goods, so the strategic logic is to keep shifting the mix toward own-made products over time.
- Won a large government contract - the company received a major order from BPCL to supply technical grade urea worth ₹56.71 crore across four manufacturing plants for one year, and government customers overall accounted for about 28% of FY26 revenue.
- Ties up cash in inventory - raw materials for trading are sourced from overseas, the company keeps three months of stock, and most suppliers require full advance payment, resulting in a working-capital cycle of 110 days.
Manufacturing & R&D capability
The shared engine underneath all three manufacturing verticals - a DSIR-recognised R&D unit, nitrogen-and-phosphorus chemistry know-how, and a land bank being turned into expanded production capacity.
- In-house R&D with serious credentials - the unit in Khanna, Punjab, employs 11 people including three doctorates and is recognised by India's Department of Scientific and Industrial Research, giving it the formal stamp to develop new molecules and processes.
- One chemistry, many products - the basic science across feed, food, and polymer additives is nitrogen and phosphorus chemistry, so the company can stretch its expertise into new verticals without starting from scratch each time.
- Scaling up physical capacity rapidly - the company has acquired approximately 9.575 acres of land at Kot Sheikhon Village in two purchases in January and March 2026, with a plan to lift overall production capacity to approximately 19,000 metric tonnes per annum within 12 to 18 months.
- Certified across quality, safety, and environment - the company holds ISO 9001, ISO 22000, FSSAI, GMP, and MSME ZED (Zero Defect Zero Effect) certifications, and complies with REACH (EU) and JECFA guidelines, which matters when customers - especially multinationals - audit their suppliers.
Group structure and partners
A family-promoted public company with a newly acquired Dubai subsidiary, serving a mix of government giants, multinationals, and cooperatives across India.
- Promoter-led with professional credentials - the promoters include Mohit Jindal (Chairman & MD, a qualified Company Secretary with an IIM Ahmedabad certification) and Rohit Jindal (Promoter Director, also with an IIM Ahmedabad certification in international markets).
- Added an overseas subsidiary - on May 11, 2026, the board approved the acquisition of 100% of Synergy Trade Links DMCC in Dubai, making it a wholly owned subsidiary, with a SEBI-registered merchant banker appointed for the valuation.
- Customer base spans public and private giants - the client list includes BPCL, HP, IndianOil, Cargill, Balaji AMINES, CENTURYPLY, and a host of dairy cooperatives, with long-term contracts from government customers and shorter arrangements with private players.