SUDARSCHEM

Sudarshan Chemical is a global heavyweight in the pigment industry, with products used in everything from plastics to cosmetics. The company has taken a massive leap by acquiring Heubach (referred to as UBC in the discussion), one of the world's largest pigment players. This acquisition makes them a top global contender. They have a portfolio of 1,600 products and serve 4,000+ customers across 100 countries. The strategy here is a "turnaround"—the management aims to quintuple the acquired company's profits (EBITDA) from 19 million euros to 100 million euros over the next few years.