Thirumalai Chemicals Limited
Bandhan Mutual Fund is no longer listed among the key shareholders of Thirumalai Chemicals Limited, having either cleared out the previous 1.1 percent stake or trimmed the holding below the 1 percent reporting threshold.
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.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.