New Delhi, April, 2026.

DCM Shriram Ltd. today announced that its subsidiary, Shriram Polytech Ltd., has entered into a joint venture with Teknor Apex B.V. a subsidiary of Teknor Apex Company, a global leader in plastic material science solutions. The joint venture will operate under the brand name PolyTek.

This partnership represents a significant milestone in DCM Shriram’s strategy to strengthen and grow its Polymer compounds portfolio and develop its global partnerships in high-growth sectors. By combining Shriram Polytech’s strong domestic presence and manufacturing capability n vinyl compounds with Teknor Apex’s global formulation capabilities, the joint venture aims to deliver high-performance and technically advanced, specialty polymer solutions for diverse industrial applications.

India’s emergence as one of the world’s fastest-growing manufacturing and consumption hubs presents a compelling opportunity for innovation-led growth in advanced polymer compounds. Through PolyTek, the partnership will leverage India’s strategic position to enhance supply chain resilience, improve access to cutting-edge material technologies, and elevate product performance standards across industries.

Ajay S Shriram, Chairman & Sr Managing Director, DCM Shriram Ltd., said:"This partnership reflects our strategic intent to build future-ready businesses by combining global expertise with strong domestic capabilities. India is at an inflection point in advanced technologies and manufacturing, and through this joint venture, we aim to create a platform that delivers high-performance products and solutions at scale. Together with Teknor Apex, we are well positioned to drive innovation, strengthen supply chain resilience, and serve the evolving needs of both Indian and global customers."

Donald Wiseman, Chief Executive Officer of Teknor Apex, added:"Our collaboration combines Shriram Polytech’s presence in vinyl materials with Teknor Apex's formulating expertise to deliver high-performance solutions for one of Asia’s largest industrial ecosystems. By combining our strengths, we gain immediate access to a well-established local platform, deep market insight, and a strong manufacturing foundation."

The joint venture reflects a shared commitment to operational excellence, scale, sustainability, and responsible growth. PolyTek will focus on providing advanced polymer solutions that meet evolving customer needs while aligning with global environmental standards.

By integrating global innovation with local execution capabilities, the partnership is well positioned to accelerate growth, deepen customer engagement, and expand its footprint in one of the world’s most dynamic markets.