Sylph Tech Dives into Chemicals: Acquires 25% Stake in Semitrone Conchem

In a strategic diversification move, Sylph Technologies Ltd has announced its decision to acquire a 25% equity stake in Semitrone Conchem Pvt Ltd, a niche player in the construction chemicals and industrial adhesives space. The acquisition, disclosed via regulatory filings on July 2, 2025, marks Sylph’s first major foray outside its core IT and solar trading businesses.

 

The deal is expected to be executed through a cash consideration, though the financial terms remain undisclosed. Semitrone Conchem, based in Gujarat, specializes in epoxy resins, waterproofing compounds, and polymer-modified mortars, catering to infrastructure and real estate clients across western India.

 

Key Highlights:

 

Stake Acquired: 25% equity in Semitrone Conchem Pvt Ltd.

Strategic Intent: Diversify into high-margin, scalable industrial verticals beyond IT and solar.

Target Company Profile: Semitrone is a fast-growing unlisted firm with FY24 revenue of ₹18 crore and EBITDA margins of 22%.

Synergy Potential: Sylph plans to digitize Semitrone’s operations and expand its B2B e-commerce footprint.

Funding Source: Likely from internal accruals; no debt issuance announced.

Market Reaction: Sylph shares rose 3.2% intraday to ₹1.36, reflecting investor optimism over the inorganic growth strategy.

 

This acquisition aligns with Sylph’s broader ambition to evolve into a multi-vertical micro-cap conglomerate, leveraging its tech backbone to modernize traditional sectors.

 

Sources: Economic Times, EquityPandit, Investing.com India