Kothari Industrial Corporation Limited (KICL) is a diversified Indian company operating in fertilizers, footwear, drones, restaurants, waste management, logistics, and renewable energy.
Established in 1970, the company has expanded through strategic acquisitions and partnerships, including Parveen Roadways and collaborations in UAE and France.
Headquartered in Chennai, KICL's operations span manufacturing, retail, and infrastructure development across India and international markets.
Fertilizers production and distribution under Gemini Fertilizers.
Footwear manufacturing and retail via partnerships (e.g., Kickers brand in India, Qatar, and Gulf regions).
Drones and logistics services through Parveen Roadways (acquired in 2025).
Waste management and waste-to-energy projects via UAE collaboration (Sharjah Environment Company).
Restaurant chain expansion and food services across India.
Growth thesis
Kothari Industrial Corporation Ltd operates in the trading sector, primarily engaged in the purchase and sale of industrial goods. Limited business details restrict visibility into specific segments or revenue drivers, with no disclosed growth triggers or operational milestones. Performance over 2-3 years may align with macroeconomic conditions and sector demand, but lacks defined catalysts or strategic clarity. Execution risks remain ambiguous due to insufficient operational data, including margin dynamics, order flow, or capacity utilization metrics. The absence of recent guidance or thematic-specific triggers further complicates assessing long-term trajectory.
RS rating: 62Stage: Stage 4
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