Stallion Fluorochemicals

Stallion India Fluorochemicals is engaged in the business of refrigerant and industrial gases, catering to diverse industries such as automobiles, air-conditioning & refrigeration, pharmaceuticals, defence, and semiconductors. Stallion India Fluorochemicals Limited was incorporated as Private Limited Company as 'Stallion India Fluorochemicals Private Limited' in Mumbai on September 5, 2002, with the RoC. The status of the Company got converted to Public Limited and name of the Company was changed to Stallion India Fluorochemicals Limited through a fresh Certificate of Incorporation dated October 5, 2023 issued by the RoC. The Company issued 2,21,61,396 equity shares of face value of Rs 10 each, by raising Rs 199.45 crores, consisting a fresh issue of 1,78,58,740 equity shares aggregating to Rs 160.72 crores and the offer for sale of 43,02,656 equity shares aggregating to Rs 38.72 crores in January, 2025 Stallion India Fluorochemicals Limited, commonly known as Stallion, is a Mumbai-based company founded by Shazad Sheriar Rustomji. The Company is engaged in manufacture of industrial gases. It operate 4 strategically located Plants in Khalapur, Raigad (Maharashtra); Ghiloth, Alwar (Rajasthan); Manesar, Gurugram (Haryana); and Panvel, Raigad (Maharashtra). Their specialty gases mainly fall within the Hydrofluorocarbons (HFC) and Hydrofluoroolefins (HFO) categories, finding diverse applications across various industries. The Company started operations in 1992. It established the first standalone HFC debulking /bottling facility at Panvel outside Mumbai in 1998. It started operations at its North India debulking /bottling facility at Manesar -Gurgaon in 2002. It initiated work to help Indian Navy retrofit existing vessels from CFC's to alternate HCFC blends in 2009. It launched the next generation HMPE ropes with the Indian Navy and started testing services in 2010. It established a wholly new Flammable Gas Debulking and Refilling Plant at Khalapur facility in Maharashtra for all the hydrocarbon , HFC and next generation HFO gas in 2013. Thereafter, in 2016, the Company commenced commercial supplies of HFO-1234yf to auto OEM's in India to help Indian auto OEM's meet the European F gas regulations for their exports to Europe. Again, it started commercial supplies of Isobutane, from its Khalapur Plant , for refrigerator OEM's in India. In 2018, it expanded Khalapur facility to a second plant and started blending facility for Refrigerant Blends. It started a new plant at Ghiloth, Rajasthan for Refrigerants and Flammable gases to support Manesar Plant. Through a Slump Sale Agreement, it acquired Stallion Enterprises, Sole Proprietorship of Shazad Rustomji in 2023. .