Why Atomgrid is betting big on specialty chemicals

In 2020, Siddharth Gupta and Lakshit Bansal were working in banking and closely tracking public markets. The COVID-19 period exposed them to attractive valuations in listed specialty chemical companies, but what really caught their attention was the structural China+1 tailwind—companies with manufacturing bases in China alongside their home country. “In agrochemicals alone, more than 20 Indian companies had crossed Rs 1,000 crore in turnover.