Vivek Kumar Jain and Family

Gujarat Fluorochemicals spent decades in an obscure chemistry niche. Then the world decided it needed fluoropolymers for electric vehicles and solar panels.

Gujarat Fluorochemicals, the flagship company of the Devendra Kumar Jain family, manufactures fluoropolymers: high-performance materials derived from fluorine chemistry that are used in demanding applications including EV battery components, solar panel coatings and semiconductor manufacturing equipment. These are not commodity chemicals. Fluoropolymers are specified for applications where standard materials cannot withstand the chemical, thermal or mechanical conditions involved, and the manufacturing process requires specialised equipment and expertise that relatively few companies globally have developed.

The family's investment in fluoropolymer production positioned GFL inside a supply chain that has become strategically important as the world builds out electric vehicle and solar infrastructure at scale. The materials that GFL makes are required in quantities growing faster than existing global capacity, and India is one of very few countries outside the United States, Japan and Europe with meaningful production. The Jain family built this position through decades of investment in a technically difficult chemistry that attracted little public interest until the green energy transition made it commercially significant.