In 2020, Siddharth Gupta and Lakshit Bansal were working in banking and closely tracking public markets.
The COVID-19 period exposed them to attractive valuations in listed specialty chemical companies, but what really caught their attention was the structural China+1 tailwind—companies with manufacturing bases in China alongside their home country.
“In agrochemicals alone, more than 20 Indian companies had crossed Rs 1,000 crore in turnover.
That told us the market was fundamentally strong and scalable,” Gupta recalls.
Rather than rushing in, the duo spent over a year meeting manufacturers and customers across India before launching Atomgrid in 2023.
