India’s drive for advanced water management reaches a new milestone as Atul Ltd, a leading chemicals manufacturer, partners with Buckman Laboratories (Asia) Pte. Ltd, Singapore. On 7 August 2025, both companies formalised a joint venture agreement, marking the start of ‘Atul-Buckman’, a collaboration set to transform industrial and municipal water solutions across the region.
Atul and Buckman will each hold a 50% stake, with equal representation on the board. Atul brings land, utilities, and manufacturing acumen, while Buckman contributes its technology and product expertise. Atul appoints the Managing Director and Buckman the Chairman, forging a balanced governance structure.
Shares are allotted at ₹10 each, with no related party ties or group company interests. The venture will produce a wide array of water treatment chemicals in India, supporting domestic demand and import substitution, and anticipates full incorporation and ancillary agreements by October 2025.
Mr Junai Maharaj, President & CEO of Buckman, stated, “Our collaboration with Atul reflects our commitment to growth in high-potential markets like India and to creating meaningful impact through chemistry and innovation for our customers and communities. Together, we will deliver smart water treatment solutions that drive both performance and environmental responsibility. We are very excited to partner with Atul as we share very similar values and culture.”
Mr Sunil Lalbhai, Chairman and Managing Director of Atul Ltd, stated, “We are pleased to partner with Buckman, a global expert in water treatment and sustainability. The proposed joint venture will offer comprehensive and technology-driven solutions to customers in India and Sri Lanka, while contributing to the responsible management of water, one of the most critical resources for industry and society at large. This initiative further reinforces our commitment to the environment and focuses on sustainability in all that we undertake.”
Buckman, founded in 1945 in Memphis, Tennessee, is globally renowned for combining high-quality chemicals, advanced smart technologies, and data analytics to drive customer productivity, profitability, safety, and sustainability.
Atul, established in 1947, manufactures around 900 products and 400 formulations, serves both B2B and B2C markets, and operates subsidiaries in Brazil, China, Ireland, UAE, UK, and USA, covering a multitude of industries. As part of the venerable Lalbhai Group, Atul brings a longstanding legacy of industrial innovation.
Also Read: JSW Steel Commits ₹5,845 Crore to a Joint Venture with JFE Steel to Boost Capacity!
As of August 8, 2025, at 2:16 PM, Atul share price is trading at ₹6,632.50 per share, a 0.03% increase. Over the past month, the stock has declined by 13.13%.
‘Atul-Buckman’ embodies the convergence of expertise and shared vision between two industrial leaders, poised to redefine water treatment standards and sustainability benchmarks for Indian and Sri Lankan industries through advanced chemistry, technology, and collaboration.
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Published on: Aug 8, 2025, 2:22 PM IST
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