Sudarshan Chemical Industries Limited is a global player in the pigment industry, offering a wide array of organic and inorganic pigments. The company has a strong presence in over 85 countries and serves diverse industries such as coatings, plastics, inks, and cosmetics.

In March 2025, Sudarshan acquired the Heubach Group, which included Clariant's pigment business, making it among the top two players in the global pigment industry. This acquisition significantly expanded its manufacturing footprint to 19 sites globally, enhancing its market reach and capabilities.

The company faced low demand across most pigment end-use industries, particularly coatings and plastics, due to high inventory levels and economic slowdown, yet expects recovery and stronger demand by Q4 FY26.

Sudarshan has been focusing on value capture and cost synergy initiatives, leveraging its new scale and capabilities to optimize operations and reduce costs, particularly through unified IT platforms and streamlined operational processes.

Despite short-term challenges, Sudarshan maintains a positive outlook on medium-term growth, driven by robust customer relationships and strategic integration of acquired assets and capabilities.