### **Overview** Sunshield Chemicals Limited is a well-established player in the Indian specialty chemicals industry with over **35 years of operational experience**, dating back to its incorporation in **1986** as Sunshield Chemicals Private Limited. The company transitioned to a public limited entity in **1992** and has been listed on the **Bombay Stock Exchange (BSE) since 1995**. In **2021**, a strategic shift occurred when **Indus Petrochem Limited acquired a majority stake**, strengthening its market presence and supply chain capabilities. The company focuses on manufacturing **low-volume, high-value specialty chemicals**, designed for **performance-driven, application-specific functions** rather than commodity chemical composition. It serves industries such as **Home & Personal Care, Paints & Coatings, Agrochemicals, Lubricants, Plastics, Textiles, and Industrial Formulations**, with a growing footprint in both domestic and international markets. --- ### **Business & Operations** Sunshield operates a **single integrated manufacturing facility in Raigad, Maharashtra**, supported by on-site storage and a dedicated quality control team. The plant has a total production capacity of **18,076 metric tons per annum** across product lines. #### **Manufacturing Capabilities** - Core processes include **alkoxylation (EO/PO), alkylation, sulphation, phosphation, condensation, and formulation**. - Products are manufactured in multiple physical forms: **noodles, powder, flakes, and liquid**. - Packaging options range from **25 kg to 1-ton bags** and **200–800 liter drums**, with bulk tanker loads for liquids. - Key equipment includes reactors, distillators, centrifuges, filters, dryers, and storage tanks. #### **Recent Expansion & Upgrades** - Completed capex projects in **2023–2024** to: - Expand **antioxidant plant capacity** - Debottleneck and automate the **EO/THEIC unit** - These upgrades enhance **production efficiency, scalability, and reliability**, supporting increased order fulfillment. #### **Strategic Infrastructure** - The **Raigad facility** is strategically located near **National Highway 4** and within **80 km of Jawaharlal Nehru Port Trust (JNPT)** — enabling **efficient logistics** for domestic and export delivery. - In **2024**, the company began expanding storage capacity by acquiring **14,590 sqm of adjacent land in Village Rasal, Raigad**, from Director Mr. Jeet Malhotra, funded through internal accruals. This supports future scalability in raw material and finished goods storage. --- ### **Product Portfolio** Sunshield offers a diversified range of performance chemicals across **five major groups**, including: 1. **Surfactants**: - EO/PO-based **ethoxylates and propoxylates** derived from fatty alcohols, amines, and vegetable oils. - Used in **detergents, personal care, agrochemicals, paints, and coatings** to improve dispersion and emulsification. 2. **THEIC (Tris 2-Hydroxyethyl Isocyanurate)**: - Supplied in **powder and noodle form**. - A **crosslinking agent** used in **wire insulation enamel and PVC heat stabilization**. - Complex manufacturing process, supported by technical expertise for global and local customers. 3. **HQEE (Hydroquinone Bis(2-hydroxyethyl) Ether)**: - A **specialty elastomer and crosslinking agent** for high-performance polyurethanes. - Requires precise technical execution and post-reaction processing. 4. **Antioxidants**: - Includes **aminic and phenolic antioxidants** in solid and liquid forms. - Protects polymers and lubricants from **oxidative degradation**. - Growing demand due to rising use in plastics and industrial applications. 5. **Urea Formaldehyde Resin (UFR)**: - A **water-insoluble thermosetting resin**, produced via a two-step urea-formaldehyde reaction. - Used in industrial applications such as **adhesives and coatings**. --- ### **Markets & Customers** - **Domestic & International Reach**: Serves customers across **India, the Americas, Europe, and the Far East**. - **Key Clients** include globally recognized companies such as: - Lubrizol India Pvt. Ltd. - Asian Paints Ltd. - Solvay Specialties India - Elantas Europe - Products are used in critical applications, including **metal treatment, wire enamels, textiles, cosmetics, tire manufacturing, and agrochemical formulations**. --- ### **Supply Chain & Raw Materials** - **Primary Raw Materials**: Ethylene Oxide (EO), cyanuric acid, diphenylamine, lauryl alcohol, nonyl phenol, methanol, refined soya oil, and di-isobutylene. - **Critical Dependency**: - **Over 35% of ethylene oxide supply** comes from **Reliance Industries Limited (RIL)**. - The **30+ year partnership** with RIL reflects a stable, long-term supplier relationship. - **Raw Material Strategy**: - Increasing **local sourcing** to reduce exposure to global supply chain volatility. - Maintains **approximately one month’s inventory** of raw materials, WIP, and finished goods to mitigate price fluctuations. --- ### **Innovation & R&D** - R&D is a **core differentiator**, conducted on-site by a specialized team with expertise in **organic and inorganic chemistry**. - Collaborations with **IIT Bombay and ICT Mumbai** to drive innovation and new product development. - Follows a **three-stage scale-up model**: Lab → Prototype → Production, minimizing commercialization risks. - Focus on developing **eco-friendly, sustainable, and advanced formulations** aligned with regulatory trends and customer demand. --- ### **Competitive Positioning** - **High industry entry barriers** due to: - Stringent quality standards - Lengthy customer approval cycles - Need for process innovation - Competes on **product quality, technical expertise, innovation, and customer relationships**, rather than price alone. - Key domestic competitors include **Galaxy Surfactants, Venus Ethoxylates, and Viswaat Industries**. - Differentiates through **niche product offerings, in-house R&D, and tailored chemical solutions**. --- ### **Corporate & Strategic Advantages** - Backed by **Indus Petrochem Limited**, which provides **marketing, distribution expertise, and access to global networks**. - Strong commitment to **safety and operational excellence** — **35+ years of incident-free operations**. - Recognized as a **reliable and reputable supplier** of in-house-developed specialty chemicals by leading global and Indian industrial clients. ---