Dhariwalcorp Ltd – Company Report
1. Company Overview
Dhariwalcorp Ltd, founded in 2020 and headquartered in Mumbai, Maharashtra, is an Indian company specializing in the import, export, trading, manufacturing, and supply of a comprehensive range of waxes, industrial chemicals, and petroleum jelly. The company has carved out a niche in its sector by offering a wide array of quality products to various industries. Dhariwalcorp leverages decades of business heritage—part of the Dhariwal Group, with roots going back over 30 years—and modernizes traditional business practices through its new-generation leadership under Mr. Manish Dhariwal. The company operates both domestically (serving 21 states and 3 union territories) and internationally, with export outreach including Nepal and sourcing from countries such as China, Egypt, Singapore, UAE, UK, and Hong Kong.
With robust in-house production infrastructure and an emphasis on quality assurance, Dhariwalcorp prides itself on responsive, efficient supply chains and a skilled workforce. The company is publicly listed with a market capitalization of approximately ₹135–156 crore (mid-2025) and continues to expand its reach and operational scale.
- Headquarters: Mumbai, Maharashtra, India
- Industry Focus: Chemicals, waxes, petroleum jelly (import/export, manufacturing, trading)
- Market Position: Leading domestic and international supplier
- Certifications: Adherence to industry quality standards
- Leadership: Mr. Manish Dhariwal (Owner, B.Com, MBA)
2. Products and Services
Dhariwalcorp Ltd offers a diversified portfolio of products and solutions, including:
Waxes
- Paraffin Wax (various types), Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Wax, Semi-refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Palm Wax, Soya Wax, Residue Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax
- Applications: Candle manufacturing, plywood and board, paper coating, cosmetics, pharmaceuticals, textile, food processing, adhesive manufacturing, tire and tube production
Industrial Chemicals
- Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid
- Petroleum Jelly: Paraffin Petroleum Jelly, White Petroleum Jelly
- Applications: Paper, rubber, adhesives, crayons, cosmetics, and specialty industries
Other Products
- Candles (manufacturing and supply), cosmetic thickeners, waxes for master batch and printing inks
- Custom formulations tailored to client requirements
Services
- Global sourcing and procurement
- Responsive logistics and supply chain management
- Technical advisory and product customization
Dhariwalcorp’s focus on reliable quality, timely delivery, and comprehensive customer support has made it a preferred supplier in multiple industrial domains.
3. Recent News and Developments
- Continued expansion of domestic and global sourcing networks to enhance lead time efficiency and reduce inventory costs
- Growing clientele across diverse sectors like plywood, paper, adhesives, textiles, cosmetics, pharmaceuticals, and tire & tube manufacturing
- Reinforcing its position as a key player in India’s industrial chemicals and waxes distribution ecosystem
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹233.5 crore | ↑ from ₹228.8 crore |
| Net Profit | ₹3.56 crore | ↓ from ₹4.51 crore |
| Operating Profit Margin | ~1–2% | Stable |
| Return on Equity (ROE) | 16.4% | — |
| Dividend | None | Reinvesting profits |
| Total Assets | ₹67.64 crore | — |
| Debt/Capital Status | Moderate borrowings | Growth phase |