DCM Shriram Limited has announced a strategic partnership with Teknor Apex B.V. to transform its wholly-owned subsidiary, Shriram Polytech Limited (SPL), into a joint venture. The company will transfer a 50% equity stake in SPL for a cash consideration of USD 5.6 million. This deal aims to combine Shriram Polytech’s domestic manufacturing expertise with Teknor Apex’s global capabilities to deliver advanced specialty polymer solutions.
Strategic Realignment and Partnership
On April 16, 2026, the Board of Directors of DCM Shriram Limited approved the execution of key transaction documents to initiate a joint venture with Teknor Apex B.V.. By divesting a 50% stake in its subsidiary, Shriram Polytech Limited (SPL), the company transitions SPL from a wholly-owned unit to a collaborative joint venture. This move is designed to strengthen DCM Shriram’s position within the advanced materials and polymer compounds market.
Financial and Operational Details
The transaction, valued at USD 5.6 million in cash, is expected to be completed by April 23, 2026. As of March 31, 2025, SPL reported a turnover of 201.63 Crores, with a net worth of 78.36 Crores. These figures represent approximately 1.58% of the parent company’s turnover and 1.13% of its net worth, highlighting the significant growth potential this partnership aims to unlock.
Future Growth Prospects
This partnership leverages the complementary strengths of both entities. Shriram Polytech brings a robust domestic footprint and specialized vinyl compound manufacturing capabilities, while Teknor Apex provides extensive global formulation expertise. The collaboration is expected to accelerate the development of sustainable, high-performance specialty polymer solutions, serving diverse industrial applications both domestically and internationally.
Source: BSE
