Thirumalai Chemicals Limited
Ajay Upadhyaya increased his stake in Thirumalai Chemicals from 1.08% to 1.20% by buying 1,50,000 shares. He now holds 14,50,000 shares worth ₹24.0 Cr at a share price of ₹165.21.
A commodity chemicals manufacturer, the company specializes in producing industrial chemicals including PAN and DEP for use across multiple sectors. Part of the Thirumalai Group, it operates in chemicals, surfactants, and pigments with a focus on chemical manufacturing and distribution. The company serves diverse customer segments across India with a range of specialty and commodity chemical products.
Co-founded Edubrite Systems, a SaaS learning platform that LinkedIn acquired in 2022, then redeployed the proceeds into Indian equities. BITS Pilani and Jamnalal Bajaj alumnus. Grew his disclosed portfolio from ₹45 Cr (2015) to ₹850+ Cr (2025), heavily concentrated in capital goods, infrastructure, and electricals: Kirloskar Electric, DCX Systems. He spotted India's infrastructure capex cycle early and bet big. A founder who knows how to compound.