Ishan Dyes and Chemicals Limited
Dipak Kanayalal Shah now holds a 1.01% stake in Ishan Dyes and Chemicals Limited, owning 2,75,000 shares, up from under 1% in the previous filing.
A specialty chemicals manufacturer, Ishan Dyes produces Copper Phthalocyanine Crude Blue and Pigment Blue for industrial and commercial applications. Incorporated in 1993, the company specializes in high-quality pigment manufacturing and serves diverse customers across textiles, paints, coatings, and printing ink industries. Its core strength lies in producing specialized chemical intermediates and pigments that meet stringent quality standards for various end-use applications.
A quiet accumulator of India's most overlooked microcap businesses. Built a ~₹152 Cr portfolio across 35 companies spanning specialty chemicals, pharma, packaging, and industrial components, mostly names that don't appear in any analyst's coverage universe. Portfolio DNA overlaps significantly with Sharad Kanayalal Shah, pointing to a disciplined family approach to finding businesses the market has completely ignored.