Established on May 31, 2021, VCI Chemical Industries Private Limited operates as an unlisted private company headquartered in Kanpur, Uttar Pradesh. Classified as a private limited company, it boasts an authorized share capital of INR 43.20 crore and a total paid-up capital of INR 29.70 crore. The company is led by two directors, namely Ram Krishan Gupta and Shubham Gupta.
VCI Chemical Industries Overview:
VCI Chemical Industries is a prominent player in the Crude Coal tar Industry, specializing in the production of specialty chemicals, including Coal Tar Pitch (CTP) and high-grade Distillates. The company operates a state-of-the-art Coal tar Distillery located in Kalinganagar, Orissa, spanning 31.1 acres.
VCI’s flagship product, CTP, serves as a crucial component in the Aluminum smelting industry, with plans to meet 20%-25% of the Middle Eastern market’s demand, which currently heavily relies on Chinese imports.
| Company Name | VCI CHEMICAL INDUSTRIES PRIVATE LIMITED |
| Company Type | Unlisted Private Company |
| Industry | Manufacturing (Chemicals and Chemical Products) |
| Founded | 2021 |
| Headquarters | Uttar Pradesh, India |
| Paid-up Capital | INR 2970.0 Lacs |
Industry Dynamics:
- Demand-Supply Dynamics: VCI aims to bridge the demand-supply gap in both the Middle East and Indian markets for Coal Tar Pitch and high-grade Distillates, ensuring security of demand amidst increasing domestic aluminum production.
- Capital Intensive Nature: The specialty chemicals sector requires substantial upfront capital investments, with VCI investing Rs. 150-200 Crore in setting up and operating its facilities.
- Entry Barriers: The complexity of chemical technology acts as a significant entry barrier, providing an advantage to established players like VCI with expertise in the industry.
Strategic Advantages:
- Strategic Partnerships: VCI has secured long-term contracts with industry leaders in the Middle East, positioning itself as a reliable supplier and reducing dependency on Chinese imports.
- Government Initiatives: Support from the Government of India through schemes like Invest in Orissa and streamlined clearance processes enhances VCI’s operational efficiency and profitability.
- Locational Advantages: Situated in a highly industrialized area with access to abundant feedstock and logistical infrastructure, VCI benefits from low inbound costs and ensures operational reliability.
Operational Highlights:
- Production Capacity: VCI operates a 1.1 Lakh MTPA Coal tar Distillery, with plans for brownfield expansions to cater to increasing market demand.
- Feedstock Security: Strategic partnerships with steel plants and agreements with Tata Steel ensure a stable and uninterrupted supply of Crude Coal Tar, essential for VCI’s operations.
Management Expertise:
- Led by the experienced management of Vikrant Group, VCI Chemical Industries benefits from the leadership of Director Shubham Gupta, a seasoned industry professional with a track record of successful project implementations and industry knowledge.
Future Outlook:
- With ambitious plans to achieve self-sufficiency in high-grade Distillates for the domestic market and capture a significant market share in the Middle East, VCI Chemical Industries is poised for sustained growth and profitability.
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