DIC India Limited: Comprehensive Company Profile

Background

Company Overview

DIC India Limited, formerly known as Coates of India Limited, was established on April 2, 1947. As a subsidiary of DIC Corporation, Japan, which holds a 71.75% stake through DIC Asia Pacific Pte Ltd, Singapore, DIC India has become a leading manufacturer of printing inks and allied materials in the Indian market. The company serves a diverse clientele, including top newspapers, magazines, packaging, and printing establishments across the country.

Mission and Vision

Mission: To become the preferred business partner to printing ink and allied customers by delivering innovative solutions through customer focus, engagement, and best practices.

Vision: Enriching lives through colors and chemistry that create identity and enable knowledge.

Key Strategic Focus

Core Objectives and Specializations

DIC India focuses on providing comprehensive solutions in the printing and packaging industry, specializing in:

Printing Inks: Manufacturing a wide range of inks, including offset, gravure, flexographic, and news inks.

Laminating Adhesives: Offering solvent-based and solvent-free adhesives suitable for various flexible packaging applications.

Innovative Packaging Solutions: Developing custom-made packaging solutions that are versatile, cost-effective, and timely.

Key Technologies Utilized

The company employs advanced technologies in ink formulation and manufacturing processes, ensuring high-quality products that meet regulatory requirements, such as food-safe and toluene-free inks.

Primary Markets Targeted

DIC India caters to various sectors, including:

Publishing: Supplying inks for newspapers, magazines, and books.

Packaging: Providing solutions for food packaging, personal care, and homecare products.

Commercial Printing: Serving clients requiring high-quality prints for marketing materials, brochures, and more.

Financials and Funding

Financial Performance

As of the fiscal year 2024, DIC India reported:

Revenue: ₹8.8 billion

Gross Profit: ₹2.3 billion

Net Income: ₹195.4 million

Funding History

DIC India is a publicly listed company with its majority stake held by DIC Corporation, Japan, through DIC Asia Pacific Pte Ltd, Singapore. The company has undertaken strategic investments, including the establishment of new manufacturing facilities, to enhance its production capabilities and market reach.

Pipeline Development

Recent Developments

In 2023, DIC India inaugurated a state-of-the-art manufacturing facility named 'Optima' in Saykha, Gujarat. This plant focuses on producing toluene-free and ketone-free liquid inks, aligning with the growing demand for eco-friendly products. The facility has an initial production capacity of over 10,000 tonnes and is designed for future expansion to include value-added and specialty products for both domestic and export markets.

Technological Platform and Innovation

Proprietary Technologies

DIC India leverages advanced ink formulation technologies to produce high-quality, eco-friendly inks that comply with international standards. The company's R&D centers in Kolkata and Noida focus on developing new products and improving existing ones to meet the evolving needs of the market.

Significant Scientific Methods

The company employs cutting-edge scientific methodologies in its manufacturing processes, including:

Advanced Pigment Dispersion: Ensuring consistent color quality and performance.

Eco-Friendly Formulations: Developing inks with reduced volatile organic compounds (VOCs) and compliance with food safety regulations.

Leadership Team

Key Executives

Manish Bhatia: Managing Director & CEO

Sandip Chatterjee: Chief Financial Officer

Utsab Choudhuri: Head of Technology

Manish Dwivedi: Head of Human Resources

Raghav Shukla: Head of Legal and Company Secretary

Competitor Profile

Market Insights and Dynamics

The printing inks and allied materials industry in India is competitive, with several key players vying for market share. The market is driven by the growing demand for high-quality printing solutions in publishing, packaging, and commercial printing sectors.

Competitor Analysis

DIC India's primary competitors include:

Mitsui Chemicals: A global manufacturer of chemical products, including printing inks.

Sulfoquimica: A company specializing in organic chemicals.

RKW Group: A manufacturer of film solutions used in packaging.

AquaPhoenix Scientific: A custom manufacturer of chemical feed and control equipment.

Strategic Collaborations and Partnerships

DIC India benefits from its association with DIC Corporation, Japan, leveraging global expertise and resources. The company collaborates with various stakeholders in the printing and packaging industry to develop innovative solutions and expand its market presence.

Operational Insights

Manufacturing Facilities

DIC India operates multiple manufacturing plants strategically located across the country:

Noida, Uttar Pradesh

Ahmedabad, Gujarat

Bengaluru, Karnataka

Kolkata, West Bengal

Saykha, Gujarat: The newly inaugurated 'Optima' plant focusing on eco-friendly liquid inks.

Competitive Advantages

The company's extensive manufacturing network, commitment to innovation, and focus on eco-friendly products position it favorably in the competitive landscape.

Strategic Opportunities and Future Directions

DIC India aims to capitalize on the growing demand for sustainable and high-quality printing solutions by:

Expanding Production Capacities: Enhancing existing facilities and establishing new ones to meet increasing market demands.

Investing in R&D: Developing innovative products that align with environmental regulations and customer preferences.

Strengthening Market Presence: Leveraging strategic partnerships and collaborations to expand its footprint in domestic and international markets.