### **Overview** Grauer & Weil (India) Limited, established in **1957**, is a diversified Indian industrial company operating across five core business segments: **Chemicals, Engineering, Paints, Lubricants, and Real Estate**. With over six decades of experience in surface finishing technologies, the company has evolved into one of the few global players offering a **comprehensive suite of corrosion protection and surface engineering solutions under one roof**. The company is strategically positioned as a leader in India’s surface treatment and industrial coatings ecosystem, driven by innovation, backward integration, and adherence to global sustainability norms. It employs over **950 people** and operates through **6 manufacturing plants, 33 offices in India, and 2 international offices**, serving customers in **over 50 countries**. --- ### **Key Business Segments** #### **1. Chemical Division** - **Focus**: Advanced surface treatment and specialty chemicals. - **Core Products**: - Zinc flake coatings, phosphating & anodising systems - Strippers for paint and powder coating - Decorative and functional electroplating chemicals - Protective post-treatment systems - Blackening solutions, lacquers, pretreatment ancillaries - **Key Innovations**: - **Trivalent chromium** passivation (REACH & RoHS compliant), replacing hazardous hexavalent chrome - **Cyanide-free zinc and silver plating**, fluoborate-free tin plating - **Phosphate-free and APE-free cleaning technologies** - **Electroless nickel nano-composites** with enhanced abrasion resistance - **Water-based sealers** eliminating VOCs - **Applications**: Automotive, electronics, defence, aerospace, jewellery, PSUs, railways. - **Technology Leadership**: - GEOMET® zinc-aluminium flake coating for cathodic protection without hydrogen embrittlement - Development of **plating processes for magnesium alloys**, low-temperature cleaning, and high-current-density acid copper plating - Active in **emerging semiconductor ecosystem** (CMP, copper pillars, PCB processing chemicals) #### **2. Engineering Division** - **Headquarters**: Pune - **Core Activities**: - Design, manufacture, and installation of **end-to-end surface finishing plants** (manual to fully automatic) - Turnkey solutions for electroplating, phosphating, anodising, pickling, zinc flake coating - **Wastewater and effluent treatment systems**, including **Zero Liquid Discharge (ZLD)**, recovery systems for chrome, heavy metals, and acid (using ultrafiltration, reverse osmosis) - Continuous plating lines for wires and tubes; niche defence applications - **Global Footprint**: - Over **800 project installations across 13+ countries** - Strong focus on **energy efficiency**, automation, and regulatory compliance - **Industry 4.0 Integration**: - Partnered with an international firm to deploy Industry 4.0-compliant software - Emphasis on digitalization, predictive maintenance, and intelligent plant monitoring #### **3. Paints Division** - **Brand**: Growel Paints - **Product Focus**: - **High-Performance Coatings (HPC)** for infrastructure, renewable energy, and hydrogen systems - **Industrial & OEM coatings** for tractors, commercial vehicles, PEBs - **Pipelines**: WRAS (UK) and NSF (USA) approved linings for drinking water, gas, aviation fuel, seawater intake (epoxy, polyurethane, vinyl ester) - **Aerospace & Defence**: AS9100-certified, DRDO-approved coatings; recipient of national runner-up award - **Marine**: Technical partnership with **Transocean Coatings (Netherlands)** for anti-fouling ship coatings - **Recent Growth Drivers**: - Expansion of **Barotiwala plant** (Himachal Pradesh) to cater to architectural and HPC demand - Targeting clean energy transition: coatings for **hydrogen electrolyser electrodes, storage & transport systems** - **Certifications**: ISO 12944 compliant, API standards, DRDO & AS9100 approvals #### **4. Lubricants Division** - **Brand**: GRODAL - **Product Range**: - Rust preventives, cutting oils, wire drawing lubricants, heat treatment fluids (oil, salt, polymer-based), metal forming fluids, industrial cleaners - **Target Industries**: - Automotive OEMs, steel, aerospace, glass, wire & cable, forging, die casting - **Differentiators**: - European technology formulations for performance and environmental safety - Emphasis on **eco-friendly, biodegradable, and synthetic blends** - **Digital condition-monitoring solutions** aligned with Industry 4.0 - Focus on **longer service intervals, reduced tool wear, EHS compliance** #### **5. Real Estate Division** - **Flagship Project**: **Growel's 101**, a **475,000 sq. ft. mixed-use retail complex** in Kandivali, Mumbai (developed in 2005) - **Features**: - Premium retail outlets, multiplex, family entertainment zone, food court, fine dining, multi-level parking - **Strategy**: - Footfall-driven leasing and strong tenant retention - Positioned along **Western Express Highway**, serving suburban Mumbai - **Status**: - Mall revenue grew **87% YoY (FY23)** despite competition; renovations underway to enhance brand appeal - Further expansion on hold pending regulatory and market conditions --- ### **R&D & Innovation** - **R&D Centers**: - Recognized by **DSIR** and **Indian Council of Science & Technology (since 1977)** - Located in **Kandivli, Chembur (Mumbai)** and soon in **Vasai** - **Backward Integration**: - In-house production of **resins and universal tinters** improves formulation flexibility and profitability - **Upcoming Growel TechCentre (Vasai)**: - **₹45 crore investment**, to be operational by **FY26** - Will house **pilot plants, digitized testing labs, and world-class instruments** (FTIR, HPLC, Gas Chromatography, Atomic Absorption) - Aim: Accelerate product development, support cross-division collaboration, enhance global market readiness - **Innovation Focus**: - Green chemistry, regulatory compliance, sustainable processes - R&D focused on **semiconductors, solar, EVs, hydrogen economy, high-performance plastics** - Development of **peelable, underwater, antifungal specialty coatings** --- ### **Operations & Market Presence** - **Manufacturing Hubs**: - Barotiwala (HP), Dadra, Jammu, Vapi (Gujarat), Pune (MH), Kandivli (Mumbai) - **Capacity Expansion**: - Ongoing upgrades at Barotiwala, Dadra, and Jammu to meet rising demand in paints and chemicals - **Domestic Reach**: - Pan-India network covering **all 28 states and 8 UTs** - Dedicated service teams, localized support - **International Presence**: - Exports to **over 50 countries** across Americas, Europe, Middle East, Africa, and Southeast Asia - **Export share**: ~6% of total turnover - Regional offices in ME, Europe, SE Asia, and U.S. planned - **REACH & RoHS compliance** across chemical products - **Global Projects**: - Engineering projects in Germany, Italy, Nigeria, Tunisia, Poland, UAE --- ### **Strategic Expansion & Diversification** - **Paints International Expansion**: - **Test marketing in UAE complete**; planning **new manufacturing facility in Dubai via 100% subsidiary** - **Diversification Strategy**: - Reducing reliance on cyclical sectors (automotive) by targeting **renewables, electronics, defence, aerospace, home improvement** - **M&A Activity**: - **Kamtress Automation Systems** became wholly owned subsidiary (effective Jan 2023) - Other subsidiaries: Growel Chemicals Co. Ltd., Grauer & Weil (Shanghai) Ltd. - Associates: Growel Sidasa, Grauer & Weil Engineering Pvt. Ltd. --- ### **Sustainability & ESG Focus** - Core commitment to **green technologies, environmental compliance, and carbon footprint reduction** - **Key Initiatives**: - Eco-friendly chemical processes minimizing effluent generation - Energy-efficient motors and plant designs - ZLD and wastewater recovery systems - Investment in **low-carbon technologies and renewable energy integration** - **Regulatory Leadership**: - First Indian chemical company certified under **AS9100D (aerospace)** - IMS certified (Integrated Management System) - Active in shaping future-ready, sustainable industrial ecosystems --- ### **Financial & Operational Highlights (FY23)** - **Surface Finishing Segment (Chemicals, Paints, Lubricants)**: ~25% revenue growth - **Engineering Segment**: ~38% revenue growth (driven by capital investment in manufacturing) - **Real Estate (Mall)**: ~87% revenue surge post-pandemic recovery - **Growth Drivers**: - Government capital expenditure, infrastructure push, ‘Make in India’, Atmanirbhar Bharat - Rising demand in EV, electronics, renewable energy - **Challenges**: - Global headwinds from energy volatility, inflation, supply chains - Competitive pressure in domestic retail segment