Chemical substances maker Dorf Ketal possible defers IPO plans amid Italmatch bid


Based in 1992 by Subodh and Sudhir Menon, Dorf Ketal produces specialty chemical substances with prospects together with Reliance Industries, Petronas, Indian Oil Company, PPG Industries, Clariant, Liberty Vitality, Italiana Petroli, and Vedanta. The corporate operates 16 manufacturing services throughout India, Brazil, Canada, and the US. It reported a income of 6,130 crore within the fiscal 12 months ended March 2025. The corporate has traditionally expanded its operations by way of acquisitions, and the newest ones embody the acquisition of Khyati Chemical substances in 2022, Clariant’s north American land oil enterprise, Fluid Vitality Group’s international modified and artificial acid enterprise in 2023, and Elixer Soltek’s acquisition in 2024.



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