7 months ago
Acutaas Chemicals Bets on Semiconductors and Batteries
Acutaas Chemicals is a company that usually makes chemicals for medicines.
Now, it's trying to make chemicals for computer chips and batteries too.
The company thinks this is a good idea because India wants to make more of these things itself instead of buying them from other countries.
Making chips and batteries needs very special chemicals, and Acutaas wants to be one of the main suppliers.
The company is investing a lot of money to build new factories and make new products.
It's a big risk, but if it works, Acutaas could become very important in these new industries.
Acutaas Chemicals is diversifying from pharmaceutical intermediates to semiconductor and battery chemicals.
The company entered the semiconductor space in FY23 by acquiring a stake in Baba Fine Chemicals.
Acutaas is investing ₹180 crore to set up a battery chemicals plant in Gujarat, with production starting in Q4FY26.
The global battery chemicals market is projected to exceed $107 billion by 2029, driven by EV adoption.
Acutaas reported a 21% revenue growth in H1 FY26, with Ebitda margins expanding to 28%.
- Who
- Acutaas Chemicals, a mid-sized chemical company traditionally known for advanced pharmaceutical intermediates.
- What
- Acutaas is expanding into semiconductor-grade photoresist chemicals and battery electrolyte additives.
- Where
- The company operates in India and exports to about 55 countries, with a focus on Europe and China.
- When
- The company entered the semiconductor space in FY23 and the battery chemicals segment in 2022.
- Why
- To leverage India's push for localization in semiconductors and batteries, and to diversify its business into high-growth sectors.
Key facts
- Company
- Acutaas Chemicals
- Primary Business
- Advanced pharmaceutical intermediates (APIs)
- Revenue from APIs (FY25)
- 84.8%
- Semiconductor Entry
- FY23 (55% stake in Baba Fine Chemicals)
- Battery Chemicals Entry
- 2022
- Global Battery Demand (2024)
- 1 terawatt-hour
- Battery Pack Prices (2024)
- Below $100 per kWh
- India's Semiconductor Market (2024)
- ₹4.5 trillion
- India's Semiconductor Market (2030)
- ₹9 trillion
- Battery Chemicals Growth (India)
- CAGR of over 15%




