Founded in 1992 by Subodh and Sudhir Menon, Dorf Ketal produces specialty chemicals with customers including Reliance Industries, Petronas, Indian Oil Corporation, PPG Industries, Clariant, Liberty Energy, Italiana Petroli, and Vedanta. The company operates 16 manufacturing facilities across India, Brazil, Canada, and the US. It reported a revenue of ₹6,130 crore in the fiscal year ended March 2025. The company has historically expanded its operations through acquisitions, and the latest ones include the purchase of Khyati Chemicals in 2022, Clariant’s north American land oil business, Fluid Energy Group’s global modified and synthetic acid business in 2023, and Elixer Soltek’s acquisition in 2024.