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- Ramcharan
Ramcharan Valuation, Funding & Investors
Ramcharan is valued at $9B as of December 2021.
Last Ramcharan valuation
$9B
Undisclosed stage · Dec 2021
Last Ramcharan funding round
$4.1B
Undisclosed stage · Dec 2021
Cumulative funding Ramcharan raised
$4.1B
across 1 funding round
Key investors in Ramcharan
TFCC International
About Ramcharan
Ramcharan is a distributor of speciality chemicals with a strong focus on the automotive sector. Its subsidiary RCPL manufactures rubber and plastic products since the 2011-12 fiscal year, building expertise that attracts rising demand from automotive and aviation industries. The Chennai-headquartered company supplies materials essential for vehicle components and industrial applications across India.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$9B (Dec 2021)
Ramcharan Valuation
Ramcharan is currently valued at $9B, based on its undisclosed-stage round in December 2021.
The $4.1B round was led by TFCC International.
Ramcharan valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Undisclosed stage | $9B |
Ramcharan Funding History
Ramcharan has raised a total of $4.1B across 1 funding round.
Ramcharan funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Undisclosed stage | TFCC International (lead) | $4.1B | $9B | Ramcharan Co, a Chennai-based chemical and waste-to-energy company, attracted a $4.14 billion investment from US-based deep-impact fund TFCC International for a 46% equity stake, valuing the company at approximately $9 billion. This represented one of the largest private equity deals in India's chemicals sector at the time. The agreement was signed in March 2021 and closed in October 2021, with the investment scheduled over five to seven years starting January 2022. Ramcharan had pivoted from its origins as a chemicals trader into renewable energy and waste management, developing proprietary technology that converts unsegregated waste into energy without toxic residue—technology the company claimed was the first of its kind globally. The company had business plans and orders valued at $9 billion and projected revenue potential of $40 billion after the fourth year of production. TFCC's investment would fund manufacturing facilities in India, testing units, land acquisition, and regulatory approvals. The deal was initially hailed as transformative for India's clean energy sector, though the company later faced insolvency proceedings in 2022 when it failed to repay a Rs 3.5 crore loan, highlighting challenges in executing the ambitious expansion plans. |
Who has invested in Ramcharan?
1 investor has backed Ramcharan across its funding rounds, including TFCC International.
Lead investors include TFCC International.
Ramcharan Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialRamcharan Competitors
Ramcharan competitors include listed companies like Westlake, Addtech, Chandra Asri Group and Syensqo, and private ones like Xiamen Golden Egret Special Alloy and Cepsa.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $11B | ($348M) | $9B | 1.2x | ||
| Publicly listed | $2.3B | $415M | $9B | 3.9x | ||
| Publicly listed | $7B | $1.6B | $8.9B | 1.2x | ||
| Publicly listed | $6.9B | $998M | $9.1B | 1.7x | ||
| Private | $461M | - | $7.1B | 15.4x | ||
| Private | - | - | $12B | - |
Ramcharan Public Comps
Ramcharan is still privately-owned, but its public comps include Westlake, Addtech, Chandra Asri Group, Syensqo, Finning International, Sasol, Bidcorp Group, Indutrade, Solstice Advanced Materials and Evonik Industries.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | ($348M) | 1.2x | 1.2x | (38.9x) | 8.1x | |||
| $2.3B | $415M | 4.1x | 3.9x | 23.1x | 21.5x | |||
| $7B | $1.6B | 1.8x | 1.2x | 7.7x | 11.7x | |||
| $6.9B | $998M | 1.7x | 1.7x | 11.5x | 8.7x | |||
| $7.6B | $873M | 1.4x | 1.3x | 12.1x | 11.2x | |||
| $17B | $2.4B | 0.8x | 0.8x | 5.5x | 3.5x | |||
| $15B | $1.1B | 0.7x | 0.6x | 9.3x | 9.0x | |||
| $3.3B | $556M | 3.1x | 2.8x | 18.3x | 16.2x | |||
This data is available for Pro users. Sign up to see all Ramcharan competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ramcharan
| When was Ramcharan founded? | Ramcharan was founded in 2012. |
| Where is Ramcharan headquartered? | Ramcharan is headquartered in Chennai, India. |
| Is Ramcharan publicly listed? | No, Ramcharan is a private, VC-backed company. |
| What is Ramcharan's valuation? | Ramcharan was last valued at $9B in its undisclosed-stage round in December 2021. |
| How much funding has Ramcharan raised? | Ramcharan has raised $4.1B across 1 funding round. |
| What was Ramcharan's last funding round? | Ramcharan's last funding round was a $4.1B undisclosed-stage round in December 2021, led by TFCC International. |
| Who are Ramcharan's investors? | Ramcharan's investors include TFCC International. |
| Which companies are comparable to Ramcharan? | Companies comparable to Ramcharan include Westlake, Addtech, Chandra Asri Group, Syensqo, Xiamen Golden Egret Special Alloy and Cepsa. |
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