Anurag Choudhary, the founder and managing director of Himadri Speciality Chemical Ltd., holds a publicly tracked net worth of approximately Rs 2,225.9 crore based on shareholding disclosures filed with Indian stock exchanges for the quarter ending March 31, 2026. Nearly all of that wealth traces to a single holding: his personal stake in Himadri Speciality Chemical, which alone accounts for Rs 2,194.3 crore of his total declared portfolio.

Who Is Anurag Choudhary? Founder and Promoter of Himadri Chemicals

Anurag Choudhary is the founder, managing director, and principal promoter of Himadri Speciality Chemical Ltd., a Kolkata-based specialty chemicals company listed on Indian stock exchanges. He has been identified as top management in Himadri’s public filings and has guided the company through its transition from a domestic coal tar pitch business to a multi-product carbon chemistry enterprise. Over his tenure, Himadri grew to export to over 50 countries and operate 8 zero-discharge manufacturing plants across India and China.

According to Fortune India’s company profile, Himadri entered the Fortune 500 India ranking at position #481 in 2024 and #497 in 2025, making it one of the few specialty chemicals firms from eastern India to reach that list. Building a nationally ranked industrial company from a carbon chemistry niche over several decades is a path very few Indian founders have managed.

Choudhary directed Himadri’s entry into lithium-ion battery anode material manufacturing, a pivot that positioned the company alongside global energy transition supply chains. According to Himadri’s annual report for FY 2024-25, the company has diversified its product portfolio to serve industries including tyres, aluminium, paints, agrochemicals, plastics, and defence. Few promoters of India’s traditional chemical sector made a comparable technological shift without diluting founder ownership.

Anurag Choudhary Net Worth in 2026

As per BSE and NSE quarterly corporate shareholding filings for Q1 2026 (March 31, 2026), aggregated by Trendlyne’s superstar portfolio tracker, Anurag Choudhary’s publicly declared listed equity is valued at Rs 2,225.9 crore. This is the net worth figure most commonly cited for Himadri Chemicals’ owner in financial media. The figure covers only his direct named holdings in listed companies and excludes unlisted assets, real estate, or any privately held company stakes.

The calculation method is transparent: Trendlyne takes the number of shares disclosed under Choudhary’s name in each company’s quarterly shareholding report, then multiplies that by the prevailing market price on the filing date. When Himadri Speciality Chemical’s share price rises or falls, so does this figure by roughly Rs 4.33 crore per rupee of price movement.

At the March 31, 2026 filing date, Himadri shares were priced at Rs 506.55. His 4,33,17,676 shares in the company represented a holding of 8.59% and a market value of Rs 2,194.3 crore, or 98.6% of his total tracked portfolio. The remaining Rs 31.7 crore was spread across three other listed stocks.

Shareholding Structure and Wealth Composition

Choudhary’s declared portfolio across four listed Indian companies as of the March 2026 BSE/NSE quarter-end filings is broken down in the table below. Himadri Speciality Chemical dominates the picture by a margin that underscores the depth of his founder-level conviction in the company he built.

Source: Trendlyne superstar portfolio tracker, based on BSE/NSE corporate filings for the quarter ended March 31, 2026. Share prices are as of filing date. Data subject to revision if additional filings are submitted post-quarter.

An important distinction: Choudhary’s personal 8.59% stake is separate from the total promoter group holding. The promoter group, which includes family members and associated entities, collectively holds 52.51% of Himadri Speciality Chemical according to shareholding data tracked by India Advantage. The combined market value of the full promoter group stake in Himadri alone exceeded Rs 13,100 crore at March 2026 prices.

The 98.6% concentration in a single large-cap stock is a structural feature of founder-controlled Indian companies. A 10% correction in Himadri’s share price would reduce Choudhary’s tracked wealth by approximately Rs 219 crore. That degree of personal financial exposure is also what makes promoter behavior worth watching closely: when a founder’s net worth is this tightly coupled to one company’s quarterly results, there is no such thing as a casual board meeting.

Himadri Speciality Chemical: What the Company Does

Himadri Speciality Chemical Ltd. is one of India’s leading specialty chemicals companies, with a market capitalisation of approximately Rs 24,968 crore as of April 2026. Founded by Anurag Choudhary, the company manufactures coal tar pitch, specialty carbon black, battery anode material, and refined naphthalene, and operates 8 zero-discharge plants across India and China.

Himadri Speciality Chemical Ltd. is a Kolkata-headquartered specialty chemicals company built on India’s coal and carbon chemistry value chain. It is one of the leading domestic manufacturers of coal tar pitch, specialty carbon black, refined naphthalene, specialty oils, and, more recently, lithium-ion battery anode material.

The company’s market capitalisation stood at approximately Rs 24,968 crore as of April 2026 according to India Advantage market data. It holds the distinction of operating 8 zero-discharge plants: 7 in India spread across West Bengal, Odisha, Chhattisgarh, and Andhra Pradesh, and 1 in China.

Himadri completed a 70,000 MTPA capacity expansion at its Mahistikry facility in West Bengal in the period covered by FY 2024-25, specifically targeting specialty carbon black. That segment serves the tyre and industrial rubber industries, where synthetic carbon black substitutes for petroleum-derived materials. The expansion was highlighted in company announcements tracked by Fortune India.

The company’s Fortune 500 India presence reflects its scale. At position #481 and #497 in consecutive years, Himadri ranks among the top 500 Indian companies by revenue, giving its promoter a wealth profile backed by real operating scale rather than speculative valuation alone.

How Indian Promoter Net Worth Is Calculated

Indian promoter net worth is calculated by multiplying the number of shares a named promoter holds, as filed in quarterly BSE/NSE disclosures, by the prevailing market price. For Anurag Choudhary, that calculation produces Rs 2,225.9 crore as of March 31, 2026. The methodology is transparent, publicly verifiable, and updated quarterly.

Indian stock market regulations require every listed company to disclose, at the end of each financial quarter, the exact shareholding pattern broken down by promoter, institutional, and public categories. These filings go to both BSE and NSE under SEBI’s Listing Obligations and Disclosure Requirements (LODR), creating a quarterly public record of how many shares each named promoter holds.

Financial data platforms then take those disclosed share quantities and multiply them by the prevailing stock price on a given date. The result is the “promoter net worth” figure most commonly reported in Indian business media. This figure updates with the market price daily, even though the share quantity only changes when a new quarterly filing is submitted.

What this methodology captures and what it misses are both important. It accurately reflects the market value of a founder’s listed equity at a given moment. It does not capture unlisted private company stakes, real estate, fixed assets, cash holdings, foreign assets, or personal liabilities. For industrialists who have built businesses over decades, the listed portfolio may represent a fraction of their actual economic position.

Pledged shares represent another wrinkle. If a promoter has pledged shares to secure loans, those shares are still counted in the net worth figure but the promoter’s actual free equity exposure is lower. Pledge disclosures are available separately through SEBI SAST (Substantial Acquisition of Shares and Takeovers) filings.

Himadri Chemicals Stock and the Promoter’s Wealth Growth

Himadri Speciality Chemical’s stock performance is the principal driver of Anurag Choudhary’s tracked wealth. As the company’s market cap grew to Rs 24,968 crore, the full promoter group’s 52.51% stake became worth more than Rs 13,100 crore, establishing the founding family as among the wealthiest in India’s specialty chemicals sector.

Himadri Speciality Chemical’s share price appreciation over several years is the primary driver of Choudhary’s tracked wealth growth. The company’s market cap expanded substantially as it diversified into specialty carbon black and battery anode materials, segments where domestic Indian production was historically limited and imports dominated.

At Rs 24,968 crore in market cap and a promoter holding of 52.51%, the full promoter group’s stake in Himadri represents one of the largest wealth blocks held by a specialty chemicals founding family in India. The promoter group’s combined stake being worth more than Rs 13,100 crore places Himadri’s founders in a tier comparable to other Fortune 500 India-sized chemical company promoter families.

Himadri’s FY 2024-25 annual report, available on the company’s investor relations section, outlines the company’s capacity expansion roadmap and financial performance trajectory. The 70,000 MTPA specialty carbon black addition at Mahistikry, completed in that period, is expected to contribute to revenue growth in subsequent quarters, which would in turn affect Himadri’s market valuation and, by extension, Choudhary’s publicly tracked net worth.

Frequently Asked Questions

What is the net worth of Himadri Chemicals owner Anurag Choudhary?

Anurag Choudhary’s publicly tracked net worth is approximately Rs 2,225.9 crore as of March 31, 2026, based on his declared shareholding in four listed companies, with Himadri Speciality Chemical accounting for 98.6% of that figure. This is derived from BSE/NSE quarterly corporate filings and aggregated by Trendlyne’s portfolio tracker.

Who owns and controls Himadri Speciality Chemical Ltd.?

Anurag Choudhary is the founder and managing director of Himadri Speciality Chemical Ltd., headquartered in Kolkata, India. The promoter group collectively holds 52.51% of the company as of March 2026, making it a promoter-controlled listed entity. Choudhary personally holds 8.59% as a direct named shareholder.

How many shares does Anurag Choudhary personally hold in Himadri?

Anurag Choudhary holds 4,33,17,676 shares (approximately 43.3 million shares) of Himadri Speciality Chemical Ltd. as of the March 2026 quarterly filing, representing an 8.59% personal stake valued at approximately Rs 2,194 crore at the Rs 506.55 share price on the filing date.

What other companies does Anurag Choudhary hold stakes in?

In addition to Himadri Speciality Chemical, Choudhary holds publicly disclosed stakes in three other listed Indian companies as of March 2026: Filatex India Ltd. (1.01%, worth Rs 19.9 Cr), McLeod Russel (India) Ltd. (1.48%, worth Rs 9.0 Cr), and Shyam Century Ferrous Ltd. (2.36%, worth Rs 2.8 Cr) per BSE/NSE exchange filings.

How is the owner’s net worth different from Himadri’s market cap?

Himadri Speciality Chemical Ltd.’s total market capitalisation was approximately Rs 24,968 crore as of April 2026, representing the value of all outstanding shares combined. Choudhary’s personal net worth of Rs 2,225.9 crore reflects only his own directly held shares (8.59%), not the full company value or the broader promoter group’s combined 52.51% stake.

Is the net worth figure updated in real time?

No. The share quantity component is updated once per quarter following BSE/NSE corporate filings, while the market price component changes daily. The Rs 2,225.9 crore figure represents Choudhary’s disclosed share quantities from the March 31, 2026 quarterly filing multiplied by prices on that date.

What does Himadri Speciality Chemical make?

Himadri Speciality Chemical is a Kolkata-based specialty chemicals company that manufactures coal tar pitch, specialty carbon black, refined naphthalene, specialty oils, and lithium-ion battery anode material. It operates 8 zero-discharge plants across India and China and supplies industries including tyres, aluminium smelting, paints, agrochemicals, and defence.

A Note on Net Worth Data Reliability

All net worth figures cited here are derived from publicly available quarterly shareholding disclosures filed with BSE and NSE. These are regulatory filings with legal consequences for material misstatement, making them among the most reliable sources of promoter wealth data available in India. However, they capture only the listed equity component.

Readers using this data for investment analysis should always cross-check current figures directly from the latest BSE or NSE filings, as promoter stakes can change with open market transactions, inter-se transfers, pledging, or family restructuring. Trendlyne’s superstar portfolio tracker is a widely used aggregator for this data but relies on the same underlying exchange filings.

The Bottom Line on Himadri Chemicals Owner Net Worth

Anurag Choudhary’s publicly tracked wealth is, at its core, a one-company story. Rs 2,194 crore of his Rs 2,225.9 crore declared portfolio is the direct product of the promoter stake he has maintained in Himadri Speciality Chemical across decades of building the business. The four-stock portfolio reveals a focused industrialist rather than a diversified wealth manager.

For investors following Himadri’s promoter holding pattern, the consistency of Choudhary’s 8.59% direct stake through Q1 2026 is a meaningful signal. Promoters typically reduce holdings when they believe valuations have run ahead of fundamentals. Stability at this level, amid the company’s ongoing specialty carbon black and battery material expansion, suggests the founder remains fully aligned with the company’s trajectory.