Jesons Industries Ltd., was founded in 1999 by Mr. Dhiresh Gosalia with the vision of establishing a reliable and innovative chemical industry ecosystem. Over the past 25 years, the company has transformed from a modest Pressure Sensitive Adhesives (PSA) manufacturer to a market leader in adhesives and coating materials.

Under his leadership, Jesons Industries has expanded its presence with seven strategically located, state-of-the-art manufacturing plants across India. The company’s capabilities are further enhanced by the Mundra Plant in APSEZ and an in-house R&D Technology Centre, enabling the delivery of innovative solutions to address today’s industry challenges.

Jesons Industries has focused on growth and innovation, expanding its product portfolio to include acrylic co-polymers, vinyl acetate co-polymers, specialty monomers, and more. Initially starting in the textile industry, the company now offers over 170 innovative products across various sectors, with a significant share of revenue coming from exports to over 60 countries.

Peer Comparison

• HP Adhesives Limited

• Apcotex Industries Limited

• Nikhil Adhesives Limited

• BASF India Limited

More About Jeson Industries Limited

Jeson Industries Limited is a prominent manufacturer of coating emulsions for the paint industry and water-based pressure-sensitive adhesives (PSA) used in tapes and labels. The company holds a 27% market share in the non-captive domestic coating emulsion segment and a 35% market share in the PSA segment for tapes and labels (Source: CRISIL Report).

Founded in 1995, Jeson has expanded its product portfolio to cater to multiple industries, establishing itself as a leader in specialty chemicals with a strong presence in both domestic and global markets.

Diverse Product Applications

Jeson Industries supplies high-performance solutions across various sectors:

• Paints & Coatings – Acrylic emulsions for decorative and industrial paints.

• Packaging – Adhesives for tapes, labels, and flexible packaging.

• Woodworking & Furniture – Wood adhesives for plywood, laminates, and veneers.

• Construction & Tiles – Tile adhesives, waterproofing compounds, and binders.

• Textiles & Leather – Coatings and binders for textile finishing and leather treatment.

• Carpets & Paper Chemicals – Specialty adhesives for carpets and paper coatings.

Financial Performance & Market Growth

Jeson Industries has demonstrated impressive financial growth. In FY 2024:

• Coating Materials contributed ₹9,285.38 million, accounting for 62.06% of total revenue.

• Adhesives generated ₹5,025.72 million, making up 33.59% of total revenue.

The company’s adhesives segment has grown at a CAGR of 19.14% from FY 2022 to FY 2024, reflecting increasing demand across industries.

Global Presence & Expansion

• Exporting to 48+ countries since 2008.

• Contributes 33% of India’s total exports of acrylic polymers for coatings and adhesives.

• Key international markets include Asia-Pacific, the Middle East, and Africa.

Product Portfolio

Jeson Industries offers a diverse range of 210+ specialty chemical products under brands like Bondex®. With continuous innovation and a strong domestic and global presence, the company is set to expand further in the specialty chemicals industry

Industry Overview

Global Paints & Coatings Industry: Market Size & Outlook

• Market Valuation & Growth

• The global paints & coatings market was valued at USD 185 billion in 2023.

• Expected to grow at a CAGR of 5.2%, reaching USD 251 billion by 2029.

• Growth driven by construction, automotive, and sustainability trends.

• Key Market Drivers

• Expansion in construction and automotive industries.

• Shift toward eco-friendly coatings (low-VOC, waterborne).

• Rising urbanization and infrastructure investments.

Global Coating Emulsions Market

• Valued at USD 18 billion in 2023, expected to reach USD 26 billion by 2029 (6.2% CAGR).

• Growth driven by:

• Demand for sustainable, water-based coatings.

• Expansion in automotive, construction, and packaging sectors.

Global Coating Additives Market

• Valued at USD 12.2 billion in 2023, projected to reach USD 18.1 billion by 2029 (6.7% CAGR).

• Demand from automotive, construction, and industrial coatings.

The global paints & coatings market continues to expand, driven by urbanization, industrial demand, and sustainability initiatives, with Asia-Pacific leading the growth.

Indian Paints & Coatings Market: Growth, Trends, and Future Outlook

Market Overview

The Indian paint industry was valued at USD 11 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2029, reaching USD 18.1 billion. This growth is fueled by rapid urbanization, rising disposable incomes, and infrastructure development. The increasing demand for decorative paints is driven by government initiatives such as:

• Pradhan Mantri Awas Yojana (PMAY)

• Smart Cities Mission

Additionally, the automotive sector’s expansion and growing consumer preference for aesthetic, durable coatings contribute significantly to market growth. The shift towards eco-friendly products due to regulatory compliance and sustainability awareness is also reshaping the industry.

Indian Coating Additives Market

The Indian coating additives market was valued at USD 616 million in 2023 and is expected to reach USD 1,020 million by 2029. Key factors driving this growth include:

• Demand for eco-friendly coatings

• Expansion in construction and automotive industries

• Strict regulatory compliance for VOC emissions

• Technological advancements in specialty additives

Market Segmentation by Type

• Thickeners (37% Market Share)
• Used to enhance rheological properties of coatings

• Improve storage, application, and performance

Dispersants (27% Market Share)

• Valued at USD 0.15 million in 2023

• Lubrizol announced expansion in September 2024

Defoamers (13% Market Share)

• Prevent foam formation in coatings

• BASF increased production in November 2023

Opacifiers (11% Market Share)

• Used in high-quality interior/exterior paints

• Enhance coverage and finish

Other Additives

• Includes biocides, adhesion promoters, and levelling agents

• Improve durability, adhesion, and antimicrobial protection

Indian Coating Emulsions Market

The Indian coating emulsions market was valued at USD 1.5 billion in 2023 and is expected to grow at a CAGR of 13.1%, reaching USD 3.1 billion by 2029. Growth is driven by:

• Eco-friendly product demand

• Technological advancements

• Expansion of end-use industries (paints, adhesives, and paper coatings)

Market Segmentation by Application

• Paints & coatings – Enhancing durability and aesthetic appeal

• Adhesives & sealants – Widely used in construction

• Paper & paperboard coatings – Improving surface properties

Growth Drivers for the Decorative Coating Market

• Government Initiatives

Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0

• Union Budget 2024: Plan to build 1 crore houses in 5 years

• Investment of INR 10 lakh crore with INR 2.30 lakh crore as subsidy

• Increased demand for architectural coatings (emulsions, primers, varnishes)

1. Urbanization and Infrastructure Expansion

• India’s urban population grew at 2.3% annually since 2016

• Demand for residential and commercial buildings rising

• Boosting the need for decorative coatings

Rising Disposable Incomes

• Growth in middle-class spending on home improvements

• Increased demand for premium paints and coatings

Smart Cities & Affordable Housing

• Smart Cities Mission enhancing urban spaces

• Demand for durable, high-quality coatings

Atal Mission for Rejuvenation and Urban Transformation (AMRUT)

• Launched in 2015, focusing on water supply, sewerage systems

• AMRUT 2.0 Budget: ₹2,99,000 crore

• Expected to drive demand for infrastructure coatings

Emerging Trends in the Paints & Coatings Industry

Outsourcing of Emulsion Production

• Manufacturers partnering with specialized suppliers

• Cost reduction and access to advanced technologies

• Ensures compliance with VOC regulations and sustainability standards

Growth in Real Estate Sector

• India’s real estate market has grown significantly in the past six years

• Urbanization leads to higher demand for residential and commercial spaces

• Rising need for high-quality exterior and interior coatings

Expanding Commercial and Industrial Coatings Market

• Increasing demand from e-commerce, healthcare, and logistics

• Warehouses, offices, and retail spaces require protective coatings

Future Outlook

• Technological advancements will drive waterborne and low-VOC coatings

• The shift toward bio-based and sustainable coatings will continue

• Government policies and real estate expansion will sustain strong growth

• By 2029, the industry is set to become a USD 18.1 billion market

The Indian paints & coatings sector remains one of the fastest-growing industries, with sustainability, innovation, and infrastructure growth being key focus areas.

Global Adhesives Market Overview

• Market Size & Growth

• Valued at USD 58 billion in 2023.

• Expected to grow at a 4.9% CAGR, reaching USD 74 billion by 2029.

• Major Application Areas

• Paper & Packaging

• Construction

• Manufacturing

• Woodworking

• Consumer Products

• Specialty Adhesives

• Premium segment used in construction, automotive, aerospace, furniture, and electronics.

Global Pressure Sensitive Adhesive (PSA) Market

• Market Size & Growth

• Valued at USD 13.4 billion in 2023.

• Expected to grow at a 4.6% CAGR, reaching USD 17.6 billion by 2029.

• Key Growth Drivers

• Packaging Industry – High demand for labels, tapes, and sealing applications in food and beverages.

• Automotive Industry – Increased usage due to lightweighting and electrification trends.

• Healthcare Innovations – Expanding applications in surgical tapes, dressings, and transdermal drug delivery.

• Sustainability Trends – Shift towards bio-based adhesives driven by regulations and eco-conscious consumers.

• Major Applications

• Packaging – Essential for labels, tapes, and sealing.

• Automotive – Used for bonding interior components and noise reduction.

• Healthcare – Integral to medical tapes, dressings, and drug delivery systems.

• Industrial & Consumer Goods – Applied in splicing, masking tape, and double-sided tapes.

Indian Adhesives Market Overview

Market Size & Growth

• Valued at USD 1.74 billion in 2023.

• Expected to grow at a 7.7% CAGR, reaching USD 2.72 billion by 2029.

Key Growth Drivers

• Construction Industry

• Increased demand for flooring, tiling, insulation, and paneling due to urbanization and infrastructure projects.

• Automotive Sector

• Growth in local vehicle production, supported by ‘Make in India’ initiatives.

• Packaging Industry

• Expansion driven by e-commerce demand and a preference for flexible, lightweight packaging.

• Sustainable Innovations

• Development of low-VOC and eco-friendly adhesives to align with environmental regulations.

Indian Pressure Sensitive Adhesives (PSA) Market

Market Size & Growth

• Valued at USD 428 million in 2023.

• Expected to grow at an 8.0% CAGR till 2029.

Key Growth Factors

• Automotive Industry – Increased EV adoption is driving PSA usage in bonding and assembly.
• Packaging Sector – Accounts for 41.2% of PSA applications, fueled by e-commerce growth.
• Healthcare Applications – Used in pharmaceutical packaging, surgical tapes, and dressings.
• Sustainability Trends – Rise of water-based and bio-based PSAs due to VOC regulations.

Key Drivers for PSA Market Growth

• Packaging Industry Expansion – Rapid growth in e-commerce and consumer goods.

• Technological Advancements – Development of nanotechnology-enhanced PSAs for electronics & medical devices.

• Construction & Automotive Sectors – Demand for lightweight, high-performance adhesives.

• Government Sustainability Initiatives – Push for bio-based adhesives to reduce plastic waste.

• Industry 4.0 Integration – Adoption of automated manufacturing for efficiency and cost savings.

The Indian PSA market is set for strong expansion, driven by sustainability, technological advancements, and industry demand across sectors.

How Will Jeson Industries Limited Benefit?

• Market Expansion in Paints & Coatings

Jeson Industries Limited can capitalize on the growing paints and coatings industry, projected to reach USD 18.1 billion in India by 2029. Rising demand for eco-friendly emulsions, additives, and waterborne coatings offers an opportunity to expand its market presence and product portfolio.

• Increased Demand for Coating Additives

With India’s coating additives market reaching USD 1,020 million by 2029, Jeson Industries can leverage its expertise to supply thickeners, dispersants, and defoamers. The increasing focus on sustainability and VOC regulations will drive demand for its advanced, compliant formulations.

• Growth in Adhesives Market

India’s adhesives market is expected to grow at 7.7% CAGR, reaching USD 2.72 billion by 2029. Jeson Industries can benefit from increased demand in construction, packaging, and automotive sectors by offering innovative, high-performance adhesives aligned with sustainability trends.

• Expansion in Pressure Sensitive Adhesives (PSA)

The Indian PSA market is projected to reach USD 428 million by 2029, driven by e-commerce, EV adoption, and healthcare applications. Jeson Industries can cater to this growth by developing specialty PSAs for labels, tapes, medical dressings, and automotive applications.

• Sustainable & Eco-Friendly Innovations

With stringent VOC regulations and rising demand for water-based and bio-based adhesives and coatings, Jeson Industries can strengthen its position by innovating sustainable products. Aligning with government initiatives on environmental sustainability will enhance brand reputation and market share.

• Government-Driven Infrastructure Growth

India’s urbanization and Smart Cities Mission are boosting demand for construction coatings and adhesives. With initiatives like PMAY-U and AMRUT 2.0 investing billions, Jeson Industries can tap into opportunities for durable coatings, waterproofing solutions, and sustainable adhesives in residential and commercial projects.

• Automotive Industry Expansion

India’s growing automotive and EV sectors require high-performance coatings and adhesives. Jeson Industries can benefit by supplying advanced coating emulsions, protective coatings, and bonding solutions to meet rising demand for lightweight, durable, and aesthetically appealing automotive finishes.

• Outsourcing & Contract Manufacturing

As coating manufacturers outsource emulsion production to specialized suppliers, Jeson Industries can position itself as a trusted contract manufacturer. Offering cost-effective, technologically advanced solutions ensures long-term partnerships with major paint, coatings, and adhesive brands.

• Real Estate Growth & Decorative Coatings Demand

With India’s real estate sector expanding, demand for decorative paints and high-quality interior-exterior coatings is rising. Jeson Industries can capitalize on this trend by providing emulsions, additives, and protective coatings tailored for the booming home improvement and construction market.

• Adoption of Industry 4.0 Technologies

Jeson Industries can leverage automated manufacturing and nanotechnology to enhance product quality, reduce costs, and improve sustainability. Investing in smart production methods will boost efficiency, ensuring a competitive edge in the growing paints, coatings, and adhesives markets.

Jeson Industries Limited IPO Overview

Mumbai-based Jesons Industries is planning to raise funds through an initial public offering (IPO) to repay debt and fund capital expenditure. It has filed a draft with the Securities and Exchange Board of India (SEBI). The IPO includes a fresh issue of equity shares worth Rs 300 crore, along with an offer-for-sale of 94.6 lakh shares by promoter Dhiresh Shashikant Gosalia. The company may also raise Rs 60 crore via a pre-IPO round, which will reduce the fresh issue amount. Jesons is a leading manufacturer of coating emulsions and water-based adhesives in India, holding a 35% market share..

Jeson Industries Limited Upcoming IPO Details

Category	Details
Issue Type	Book Built Issue IPO
Total Issue Size	Fresh Issue: ₹300 crore Offer for Sale (OFS): 94.6 lakh equity shares
IPO Dates	TBA
Price Bands	TBA
Lot Size	TBA
Face Value	₹5 per share
Listing Exchange	BSE, NSE
Shareholding pre-issue	TBA
Shareholding post -issue	TBA

Jeson Industries IPO Important Dates

IPO Activity	Date
IPO Open Date	TBA
IPO Close Date	TBA
Basis of Allotment Date	TBA
Refunds Initiation	TBA
Credit of Shares to Demat	TBA
IPO Listing Date	TBA

Jeson Industries IPO Lots

Application	Lots	Shares	Amount
Retail (Min)	TBA	TBA	TBA
Retail (Max)	TBA	TBA	TBA
S-HNI (Min)	TBA	TBA	TBA
S-HNI (Max)	TBA	TBA	TBA
B-HNI (Min)	TBA	TBA	TBA

Jeson Industries IPO Lead Managers

Lead Managers

Motilal Oswal Investment Advisors Limited

IIFL Capital Services Limited

Jeson Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	10.50
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	13.63%
Net Asset Value (NAV)	82.64
Return on Equity	13.63%
Return on Capital Employed (ROCE)	17.00%
EBITDA Margin	6.80%
PAT Margin	3.78%
Debt to Equity Ratio	0.14

Jeson Industries IPO Peer Group Comparison

Company	Face Value (₹)	EPS (₹)	NAV (₹)	P/E	RoNW (%)	Total Income  (in ₹ Millions)
Jesons Industries Limited	5.00	10.50	82.64	NA	13.63%	14,978.15
HP Adhesives Limited	2.00	2.24	18.38	36.32	12.97%	2,392.77
Apcotex Industries Limited	2.00	10.39	100.64	36.12	10.80%	11,322.71
Nikhil Adhesives Limited	1.00	2.88	24.81	41.30	12.29%	5,645.42
BASF India Limited	10.00	130.10	744.72	42.87	19.01%	138,432.60

Key Insights

• Face Value: Face value represents a share’s nominal worth. BASF India leads at ₹10.00, Jesons Industries follows with ₹5.00, while HP Adhesives, Apcotex Industries, and Nikhil Adhesives range from ₹1.00 to ₹2.00.

• EPS: EPS reflects a company’s per-share profitability. BASF India leads at ₹130.10, followed by Jesons Industries (₹10.50) and Apcotex Industries (₹10.39). Nikhil Adhesives (₹2.88) and HP Adhesives (₹2.24) indicate modest earnings.

• NAV: NAV per share reflects a company’s asset value. BASF India leads at ₹744.72, followed by Apcotex Industries at ₹100.64 and Jesons Industries at ₹82.64. Nikhil Adhesives (₹24.81) and HP Adhesives (₹18.38) indicate smaller asset bases.

• P/E (Price-to-Earnings Ratio): The P/E ratio shows investor willingness to pay per earnings unit. BASF India leads at 42.87, followed by Nikhil Adhesives at 41.30. HP Adhesives (36.32) and Apcotex Industries (36.12) reflect moderate growth expectations. Jesons Industries lacks a disclosed P/E ratio.

• RoNW: RoNW gauges profitability against equity. BASF India leads at 19.01%, followed by Jesons Industries at 13.63%. HP Adhesives posts 12.97%, Nikhil Adhesives 12.29%, and Apcotex Industries 10.80%, indicating varied capital efficiency.

• Total Income: Total income highlights revenue strength. Jesons Industries leads at ₹14,978.15M, followed by BASF India at ₹138,432.60M. Apcotex earns ₹11,322.71M, Nikhil Adhesives ₹5,645.42M, and HP Adhesives ₹2,392.77M, reflecting varying market scales.

Jeson Industries Limited IPO Strengths

• Geographical Reach and Market Leadership

Jeson Industries Limited stands as a dominant player in the coating materials and adhesives sector, with a strong geographical footprint that spans key regions in India and internationally. The company holds a leading position in the Indian market for coating materials and water-based pressure-sensitive adhesives, serving diverse industries such as paints, packaging, textiles, and chemicals, among others. Their extensive range of products enhances their prominence in both domestic and global markets.

• Diverse Product Portfolio and Innovation

Jeson Industries Limited offers a wide array of coating materials and adhesives across various industries, including paints, textiles, packaging, and construction. The company has strategically expanded its product offerings, incorporating specialized segments like woodworking adhesives, construction chemicals, and hot melt adhesives. With a diverse portfolio, including 210 products and 22 in development, Jeson Industries demonstrates a strong commitment to product innovation and meeting evolving customer needs.

• Strong Export Presence and Distribution Network

The company boasts a robust export business, with sales to 48 countries across Asia-Pacific, the Middle East, Africa, and beyond. Jeson Industries is the largest exporter of acrylic polymers in India, holding a significant market share. Their extensive network of 62 distributors in India and across 48 countries ensures a widespread geographical presence, supporting their strategy for expanding into high-growth markets globally and cementing their position as a leading exporter.

• Strategic Manufacturing and Efficient Supply Chain

Jeson Industries operates seven strategically located manufacturing facilities in India, offering flexibility and fungibility across product groups. These facilities cater to both domestic and international markets, with a focus on serving the growing demand for eco-friendly, water-based products. The company’s efficient supply chain management, coupled with its R&D capabilities, ensures a competitive edge in the industry, with the capacity to adjust production based on market demand, further strengthening their manufacturing and export capabilities.

• Research-Driven and R&D-Led Product Offerings

Jeson Industries Limited is dedicated to research and development, focusing on customized specialty products based on customer requirements. Their in-house R&D team of 40 professionals, with decades of expertise in coating materials and adhesives, drives the creation of specialized solutions. With a focus on innovation, the company has developed 30 CMR-free products in the last two years and continues to strengthen its product pipeline, enhancing global customer satisfaction and brand value.

• Experienced Promoters Supported by a Qualified Management and Operations Team

With nearly three decades of experience in the coatings and adhesives sector, Jeson Industries’ promoter, Mr. Dhiresh Gosalia, has built an extensive network of suppliers and customers. Supported by a professional Board and a team with expertise in manufacturing, marketing, finance, and supply chain management, Jeson remains agile in responding to market trends, customer needs, and operational growth. Their leadership ensures the company is well-positioned for sustained innovation and success.

Objectives of the IPO Proceeds

The Net Proceeds are intended to be utilised as per the details provided in the table below:

Particulars	Amount (in ₹ million)
Funding of capital expenditure through investment in the wholly owned subsidiary, Jesons Innovative Polymers Private Limited, for setting up of machine lines for the new adhesives project –solvent based adhesives and flexible packaging adhesives	779
Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the company	1,650
General corporate purposes*	[●]

Note: *To be determined upon finalisation of the Offer Price and updated in the Prospectus prior to filing with the RoC

Jeson Industries Limited Financials (in million)

Particulars	30 Sept 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8801.56	7738.22	6955.88	8849.75
Revenue	7279.08	14,962.29	17,220.99	20,659.62
Profit After Tax	311.83	565.91	494.40	858.92
Reserves and Surplus	4462.83	4151.76	3595.09	3114.26
Total Borrowings	1689.40	653.00	717.96	2023.20
Total Liabilities	4060.14	3307.97	3085.24	5460.93

Key Insights from Financial Performance

• Assets: As of 30th September 2024, Jeson Industries’ assets stood at ₹8801.56 million, reflecting a significant increase compared to ₹7738.22 million in March 2024 and ₹6955.88 million in March 2023, but slightly lower than ₹8849.75 million in March 2022.

• Revenue: Revenue for the period ending 30th September 2024 was ₹7279.08 million, showing a substantial decline from ₹14,962.29 million in March 2024 and ₹17,220.99 million in March 2023. This represents a trend of decreasing revenue over the past three years.

• Profit After Tax: The Profit After Tax for the half-year ending 30th September 2024 was ₹311.83 million, lower than ₹565.91 million in March 2024 and ₹494.40 million in March 2023, indicating a decline in profitability compared to previous periods.

• Reserves and Surplus: The company’s reserves and surplus increased to ₹4462.83 million as of 30th September 2024, up from ₹4151.76 million in March 2024, ₹3595.09 million in March 2023, and ₹3114.26 million in March 2022, showing steady growth in retained earnings.

• Total Borrowings: Total borrowings as of 30th September 2024 amounted to ₹1689.40 million, a substantial increase from ₹653.00 million in March 2024 but lower than ₹2023.20 million in March 2022, indicating a fluctuation in borrowing levels.

• Total Liabilities: Total liabilities stood at ₹4060.14 million as of 30th September 2024, a rise from ₹3307.97 million in March 2024 and ₹3085.24 million in March 2023, but significantly lower than ₹5460.93 million in March 2022, reflecting improved debt management.

Other Financial Details

• Cost of Material Consumed: The cost of material consumed stood at 5,858.11 for the six-month period ending September 30, 2024. It showed a steady increase over previous years, peaking at 15,823.68 in March 2022 before declining in subsequent years.

• Employee Benefits Expense: Employee benefits expenses reached 366.42 in the latest period. Costs increased steadily from 409.60 in March 2022 to 668.57 in March 2024, reflecting growing workforce expenses, likely due to inflation, salary adjustments, or expanding operations.

• Finance Costs: Finance costs stood at 43.46 for September 2024, significantly decreasing from 158.91 in March 2022. A sharp drop in March 2024 suggests better financial management, reduced borrowings, or improved capital structure benefiting the company’s profitability.

• Depreciation and Amortisation: These costs reached 113.62 for the latest period. The cost has varied slightly across years, peaking at 195.75 in March 2024, reflecting asset acquisitions or changes in depreciation policies affecting long-term asset valuation.

• Other Expenses: Other expenses totaled 526.66 as of September 2024. These costs had been consistently high, reaching 1,386.57 in March 2022. A downward trend suggests cost optimizations or reduced discretionary spending in recent years.

Key Strategies for Jeson Industries Limited

• Expanding Product Portfolio Through R&D

Jeson Industries Limited remains committed to expanding and diversifying its product portfolio through continuous R&D initiatives. By leveraging in-house capabilities, the company develops innovative products for domestic and global markets. With 22 products in development, a strong R&D team, and a focus on sustainability, it aims to cater to evolving customer needs.

• Strengthening Manufacturing and Supply Chain

Jeson Industries Limited prioritizes enhancing its manufacturing and supply chain efficiency to meet customer demands globally. By investing in state-of-the-art facilities, including a new Saykha, Gujarat plant, the company ensures product quality and operational excellence. Expanding installed capacity and optimizing logistics further strengthens its position in the adhesives and coatings industry.

• Pursuing Strategic Alliances for Innovation

Jeson Industries Limited collaborates with global leaders to enhance product offerings and leverage advanced technologies. Partnerships with companies like San Nopco Limited and Alberdingk Boley GmbH allow access to specialized expertise. By integrating global best practices, the company strengthens its market presence, expands capabilities, and fosters innovation through strategic alliances.

• Expanding Global Footprint

Jeson Industries Limited actively strengthens its international presence, exporting to over 48 countries. With plans to expand in Southeast Asia, the Middle East, and Africa, it participates in trade fairs and digital outreach to engage new customers. By leveraging existing relationships and exploring emerging markets, the company enhances export growth.

• Capitalizing on Water-Based Paints Demand

Jeson Industries Limited aligns with the rising demand for water-based paints by focusing on R&D-driven solutions. As the industry shifts from solvent-based products, the company develops eco-friendly alternatives, positioning itself to benefit from fluctuating oil prices and market demand. Strategic innovations support long-term sustainability and competitive differentiation.

• Investing in Growth and Infrastructure

Jeson Industries Limited strategically invests in new manufacturing facilities, increasing production capacity to meet growing demand. The establishment of a greenfield project in Saykha and expansion in Mundra enable future scalability. The company prioritizes operational efficiency, ensuring high-quality output while leveraging available land for continuous expansion.

• Leveraging Industry Trends and Shifting Supply Chains

Jeson Industries Limited capitalizes on global supply chain shifts as companies adopt a “China +1” strategy. By strengthening manufacturing in India, the company attracts international clients seeking cost-effective, high-quality specialty chemicals. Favorable policies, including tax incentives and 100% FDI, support its long-term growth in global markets.

Competitor Analysis of Jeson Industries Limited

• HP Adhesives Limited

HP Adhesives Limited specializes in manufacturing and distributing adhesives and sealants. Jesons Industries competes by offering a diverse range of products, including acrylic emulsions, catering to various industrial needs. While HP Adhesives has a strong market presence, Jesons’ extensive product portfolio provides a competitive edge.

• Apcotex Industries Limited

Apcotex Industries Limited focuses on synthetic rubber and latex products. Jesons Industries competes by providing a broader range of specialty chemicals, including adhesives and emulsions, serving diverse industries. This diversification allows Jesons to tap into multiple markets, whereas Apcotex’s specialization may limit its reach.

• Nikhil Adhesives Limited

Nikhil Adhesives Limited specializes in manufacturing adhesives and sealants. Jesons Industries competes by offering a wider array of products, including acrylic emulsions, catering to various industrial applications. This diversity enables Jesons to serve a broader customer base compared to Nikhil Adhesives.

• BASF India Limited

BASF India Limited is a global chemical company with a vast product range. Jesons Industries competes by focusing on specialized products like adhesives and emulsions, offering tailored solutions. While BASF’s extensive resources provide a competitive advantage, Jesons’ specialization allows for more focused customer service.