DCM Shriram Acquires Hindusthan Speciality Chemicals for ₹375 Crore
DCM Shriram LTD has fully acquired Hindusthan Speciality Chemicals Limited (HSCL) for ₹375 crore. This is a strategic entry into the epoxy and advanced material sector of DCM Shriram. The transaction is expected to close by September 2025. The agreement was approved by the boards on 12th June, 2025.
HSCL is headquartered in Gujarat and specialises in manufacturing components such as solid and liquid epoxy resins, reactive diluents, formulated epoxy resins, and curing agents. In FY 2024-25, HSCL has reported a turnover of approximately ₹274 crore. HSCL has reported consecutive losses over the past three years, with a net loss of ₹28 crore in FY25.
Ajay S. Shriram, the Chairman and Senior Managing Director of DCM Shrira, expressed confidence in the recent acquisition, “The advanced materials segment offers robust forward integration with our chlor-alkali platform, while positioning us at the intersection of India’s expanding presence in sunrise sectors like renewables, mobility, and aerospace.”
With the acquisition of HSCL, DCM Shriram is signalling its entry into the chemical industry of India. To create a mark in the high-growth segments, an acquisition of a top company specialised in the sector enables the acquirer to rapidly market itself.
