### **Overview** Heubach Colorants India Limited (HCIL), headquartered in Navi Mumbai, is a leading global manufacturer of high-performance organic, inorganic, and anti-corrosive pigments, pigment preparations, and specialty dyes. HCIL is part of the **ONE Sudarshan** global entity—formed through the integration of **Sudarshan Chemical Industries Limited (SCIL)**, **Heubach Group**, and **Clariant’s Pigments business**—making it the **second-largest pigment manufacturer in the world** with approximately **€1 billion in annual revenue** and a presence across **19 manufacturing sites in 11 countries**. HCIL operates manufacturing facilities in **Roha (Maharashtra)**, **Cuddalore (Tamil Nadu)**, and **Nagda (Madhya Pradesh)**, enabling a vertically integrated, self-sufficient production model. The company serves over **4,000 global customers** across **more than 120 countries**, with a strong domestic footprint and export reach in Europe, the Americas, and Asia. --- ### **Strategic Integration: The Birth of ONE Sudarshan** - **March 2025** marked the unification of **Sudarshan**, **Heubach**, and **Clariant’s pigment business** under the **ONE Sudarshan** brand, combining over **270 years** of industry heritage. - The combined entity leverages **global application knowledge**, **shared R&D capabilities**, and **operational synergies** to deliver sustainable, customer-centric solutions. - Led by Mr. Rajesh Rathi, MD of SCIL, the integration aims to create a **globally agile**, **customer-focused**, and **financially robust** pigment leader with: - 19 manufacturing sites - ~1,270+ employees - Portfolio of **~1,600 pigments** under **63 brands** - Sales reaching over **€1 billion** annually --- ### **Market Position & Financial Highlights** - HCIL reported sales of **INR 7.994 billion (FY2024)**, up from **INR 7.664 billion in FY2023**, reflecting resilience amid volatile raw material prices and supply chain challenges. - The company maintained **zero debt**, strong cash flow, and operational agility, supported by efficient capital use and in-house manufacturing capabilities. - HCIL holds **~20% market share** in the Indian pigments industry and serves over **100 domestic customers**, exporting to more than **75 countries** through a robust associate network. - Intercompany transactions remain significant, with FY2024 sales to **Heubach Colorants Singapore Pte. Ltd.** amounting to **INR 13,282.75 lakhs** and purchases from **Heubach Color Pvt Ltd** at **INR 2,270.41 lakhs**. --- ### **Product Portfolio & Applications** HCIL offers a diverse portfolio of **over 500 products** across four key categories: #### 1. **Coatings** - **Applications**: Automotive, coil, industrial, decorative, powder, wood, floor, and road marking coatings. - **Key Pigments**: PY74, PY83, PB15:3, PR122, PG7, PV19—recognized as **industry gold standards** for machine colourants. - **Recent Approvals**: Pigments such as **BT-729-D (4-wheelers)** and **Red F5RK-IN, Yellow H4G (2-wheelers)** approved by leading auto paint manufacturers. #### 2. **Corrosion Protection** - Offers **chrome-free and zinc-free** pigment alternatives for eco-friendly steel protection. - Pioneered **zinc-free technologies** over a decade ago. - Holds **exclusive access** to orthophosphates and polyphosphates for anti-corrosive performance. #### 3. **Plastics** - Serves automotive, construction, electrical, consumer goods, fiber, and packaging sectors. - Offers **NIR-detectable black pigments** to enable **automated sorting and recycling** of black plastics—addressing a critical industry challenge. - Pigments compatible with **biodegradable polymers** like PLA, PHA, PBS, and PBAT. #### 4. **Printing & Digital Printing** - Supplies **pigment dispersions** for inkjet, packaging, publication, specialty printing, and toner markets. - Key products: **Hostafine** (for brush pens), **Solutint E** (solvent-based, lead-free preparations), **Viscofil** (OEKO-TEX® certified for textiles). - Supports **UV, solvent, and water-based inks** used in flexo, gravure, offset, and digital printing. #### **Specialty Applications** - **Personal Care & Home Care**: Cosmenyl 100-IN series for soaps, shampoos, and cosmetics. - **Agriculture**: Seed coloration and crop protection pigments. - **Construction**: Concrete, plaster, and latex coloring. - **Consumer Goods**: Colorants for handbags, balloons, aluminum casings, and stationery. --- ### **Innovation & Sustainability Initiatives** HCIL’s innovation strategy is built on two pillars: 1. **Life Cycle Innovation (LCI)**: Enhancing existing products for performance, cost, and compliance. 2. **Top Line Innovation (TLI)**: Developing novel solutions for emerging market needs. #### **Recent Innovations (FY2025)** - **Cosmenyl 100-IN series**: Sustainable pigments for personal care. - **Polyfast PUF series**: Tailored for PU foam applications. - **Ultrazur™ Ultramarine Blue**: High-performance inorganic pigment. - **Hostatint™ SA**: Advanced pigment preparation. - **Automotive Styling Shades 2027 Trendbook**: Focused on **sustainable automotive design**, launched digitally with interactive configurator. #### **Sustainability Leadership** - Developed **low-VOC, water-borne, lead-free, and solvent-free** colorants to meet global environmental standards. - Introduced **OK Compost-certified**, **biodegradable**, and **recyclable** solutions for plastics and printing. - **First in India** to establish **Product Carbon Footprint (PCF)** for select pigments—enhancing transparency and ESG credibility. - Over **30 years** of producing **solvent-free, water-based pigment preparations**. --- ### **R&D and Technical Capabilities** - Operates a **dedicated R&D center** and advanced **application laboratories** in India. - **200+ employees** in technology roles, supporting innovation and co-creation with customers. - Collaborates closely with clients to develop **customized, high-performance solutions**. - Launched **11 new products in FY2024** (~1 per month), with continued momentum in FY2025. --- ### **Sustainability & Certifications** - Certified under **Responsible Care**, **ISO 14001 (Environmental Management)**, and **ISO 45001 (Occupational Health & Safety)**. - Committed to **safe pigment handling**, **resource conservation**, and **emission reduction**. - Products support green building standards, eco-labels, and circular economy goals. ---