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Gurgaon-based producer of industrial nitrocellulose, a film-forming resin used in inks and coatings, founded in 2004.
Founded in 2004 and headquartered in Gurgaon, India, Nitrex Chemicals India Limited produces industrial nitrocellulose, a film-forming resin used in printing inks, wood coatings and automotive finishes. Its customers are manufacturers in automotive, consumer goods and other industries, supplied through direct B2B sales agreements in North America, Europe and Asia. Its latest funding was a Buyout round of USD 13.80 mn from Actis. Revenue for 2023 was USD 56.89 mn, with EBITDA of USD 6.09 mn.
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