We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Financials (FY2024)
Investment Thesis
Very young Kanpur-based specialty chemicals manufacturer (est. May 2021) producing antiknock preparations, anti-freeze fluids, hydraulic transmission liquids, calibration reagents and pesticide-related chemicals. Located in Government Industrial Estate, Kanpur. Paid-up capital ₹55.82 Cr vs revenue of just ₹67.9 lakh FY2024 — a stark mismatch suggesting significant pre-revenue capital raising ahead of planned scale-up. 16 employees. Gupta family promoted. Private with no public disclosure. Insufficient operating history for meaningful assessment.
Pros
Cons
Business Segments
Specialty chemical manufacturing — antiknock preparations, anti-freeze fluids, hydraulic transmission liquids, calibration reagents, writing inks, pesticide-related chemicals (NIC 24299)
Government Industrial Estate, Kanpur, Uttar Pradesh
Revenue Model
Revenue generated from manufacturing and selling specialty chemicals and coal tar products to industrial customers, particularly in the rubber and chemical processing industries. The company leverages proprietary processes from international collaborators.
Detailed Analysis
Growth Plans
India's growing demand for specialty chemicals as global companies diversify supply chains away from China
Technical collaborations with French and Japanese firms could enable product portfolio expansion
Industry Tailwinds
India's growing demand for specialty chemicals as global companies diversify supply chains away from China
Technical collaborations with French and Japanese firms could enable product portfolio expansion
Recent Developments
Comparable Companies
NOCIL · 3500 Cr
PE: 22xx
AARTIIND · 12000 Cr
Frequently Asked Questions
About VCI Chemical Industries
VCI Chemical Industries Private Limited is a Kanpur-based specialty chemicals company incorporated on 31 May 2021 under CIN U24299UP2021PTC146691. The company is registered at 49, Government Industrial Estate, Kanpur, Uttar Pradesh — 208012 and is part of the Vikrant Group. The Vikrant Group is a third-generation business family with deep roots in the chemicals and disinfectants sector, most notably known for the 'Dr. Phenyl' brand — a widely recognized phenyl and disinfectant product brand in North India. VCI Chemical Industries represents the group's entry into specialty chemicals, specifically focusing on coal tar pitch (CTP) and high-grade distillates. Coal tar pitch (CTP) is a critical raw material in the production of aluminium, with approximately 90% of global CTP production consumed by aluminium smelters as a binder for carbon anodes. CTP is also used in graphite electrode manufacturing, carbon black production, and as a binder in refractory materials. High-grade coal tar distillates are further refined for use in road paving, waterproofing, and specialty chemical applications. The company currently has five directors including Shubham Gupta and Ram Krishan Gupta. The company's contact at shubham.vci@vikrantgroup.com confirms its affiliation with the Vikrant Group. As a company incorporated in 2021, VCI Chemical Industries is in the early stages of building its operations. Being part of the Vikrant Group provides it with legacy industry knowledge, supplier relationships, and distribution networks in North India's chemical market. Kanpur, Uttar Pradesh is a significant industrial hub with a historical base in chemicals, leather, and manufacturing. The Government Industrial Estate address provides VCI with access to industrial infrastructure and logistical advantages. The specialty chemicals sector in India is growing rapidly, driven by import substitution following China+1 supply chain reconfiguration. Coal tar derivatives specifically benefit from India's expanding aluminium sector and growing infrastructure development requiring road paving materials. As the Vikrant Group's chemical venture, VCI brings domain credibility to a technically complex specialty segment.
Key Milestones
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Industry Headwinds
Limited operational history makes it difficult to assess long-term financial sustainability
Dependence on foreign technical agreements could be subject to renegotiation or termination
Company incorporated in 2021 — only 3 years old; very limited operating track record
Source: Media Reports / Public Records
No credit rating from CRISIL, ICRA, or CARE
Source: CRISIL Rating Report
Specialty chemicals (coal tar) is a technically complex and capital-intensive sector
Source: AlphaHub Research
Limited public financial disclosure as a private limited company
Source: Media Reports / Public Records
As a company incorporated in 2021, it is still in early operational stages and may face challenges scaling production and establishing long-term customer relationships
Chemical manufacturing in India is subject to stringent environmental regulations; compliance costs could affect profitability
The specialty chemicals market in India is highly competitive with established players like Aarti Industries, Vinati Organics, and NOCIL
PE: 28xx
31 May 2021 — Incorporated at ROC-Kanpur; Government Industrial Estate, Kanpur
FY2022–FY2023 — Early operational phase; balance sheet filed March 2023
FY2024 — Revenue ₹67.9 lakh; 16 employees; AGM September 30, 2024
Be the first to discuss VCI Chemical Industries — share your research, ask questions, or compare notes with other investors.