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

Ramcharan Overview

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

IndiaChennai

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

Ramcharan valuation by funding round
DateStageValuation
Dec 2021Undisclosed stage$9B

Ramcharan Funding History

Ramcharan has raised a total of $4.1B across 1 funding round.

Ramcharan funding rounds

Ramcharan funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Undisclosed stageTFCC International (lead)$4.1B$9BRamcharan 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

Investors in Ramcharan by funding rounds participated
InvestorHQRoundsRoleFirst check

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Ramcharan 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.

Public and private companies comparable to Ramcharan
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WestlakeUnited StatesUnited StatesPublicly listed$11B($348M)$9B1.2x
AddtechSwedenSwedenPublicly listed$2.3B$415M$9B3.9x
Chandra Asri GroupIndonesiaIndonesiaPublicly listed$7B$1.6B$8.9B1.2x
SyensqoBelgiumBelgiumPublicly listed$6.9B$998M$9.1B1.7x
Xiamen Golden Egret Special AlloyChinaXiamenPrivate$461M-$7.1B15.4x
CepsaSpainMadridPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Westlake$11B($348M)1.2x1.2x(38.9x)8.1x
Addtech$2.3B$415M4.1x3.9x23.1x21.5x
Chandra Asri Group$7B$1.6B1.8x1.2x7.7x11.7x
Syensqo$6.9B$998M1.7x1.7x11.5x8.7x
Finning International$7.6B$873M1.4x1.3x12.1x11.2x
Sasol$17B$2.4B0.8x0.8x5.5x3.5x
Bidcorp Group$15B$1.1B0.7x0.6x9.3x9.0x
Indutrade$3.3B$556M3.1x2.8x18.3x16.2x

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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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