A Process
IP House.
Not a
Consultancy.
Not a
Manufacturer.
Founded in 1987, Paragon Greentech is structured for one purpose: to invent technology that redefines chemistry — and to build the plants that put it to work.
Forty years of process firsts.
Why we exist
"The chemicals industry over-invests in capacity and under-invests in process. We do the opposite. We put our capital into invention, then we put our engineering into delivery — for clients who own the assets, run the operations, and reap the cashflows. Our return is the IP we build along the way, the references that compound from every plant we commission, and the royalties that recur once the technology is licensed. We are not paid by the hour. We are paid by what we invent and what we deliver."
Five operating consequences
-
01
We do not own manufacturing capacity. We own the processes that capacity is built around.
-
02
Our R&D is funded by us, not by clients.
-
03
Every reference plant de-risks the next licence.
-
04
We stack four revenue mechanisms on the same IP base: consulting fees → licensing royalties → LSTK execution margin → R&D-backed equity participation.
-
05
We trade at the multiple of what we are, not what we look like. Linde Engineering, UOP, Haldor Topsøe and Technip Energies are our archetype.
Why this thesis, why now.
Three forces are converging in the chemicals industry — fossil-feedstock displacement; zero-discharge process design; water-displaced consumer chemistry. Paragon's deployed IP, pipeline programmes, sustainability framework and AI capability are engineered for these three forces simultaneously.
Values
"Millions of dollars of advances on verbal agreement."
38 years of contract delivery without a single disputed performance guarantee. Our word is the instrument.
"Do what we say. Honour contracts."
Performance guarantees are written into every LSTK contract. We have a zero-claim record available to qualified lenders under NDA.
"Marathon, not sprint runner."
The 1987 IP base is still earning licensing revenue. We build for decades, not quarters.
"Invest in building long-term relationships."
Hindustan Unilever, Procter & Gamble, SC Johnson, Reckitt Benckiser: relationships measured in decades, not engagements.
"Highest standards of ethics."
IP ownership documented. Licensee relationships structured. Sensitive corporate events — including the 2019 Advance Group insolvency — disclosed factually and without spin.
"Innovation driven."
Four process firsts: 1983, 1987, 2000, 2014. AI deployed across operations. Three pipeline programmes in active R&D. The next first is in development now.
Mr. Ashok Mahindru
Founder & Chief Technologist · Managing Trustee, Mahindru Foundation"The only technologist in the world to have developed his own proprietary sulphonation technology."
A tireless, innovation-driven, socially responsible entrepreneur, technocrat and environmentalist. The foundation on which Paragon's entire deployed IP base rests. Four process firsts between 1983 and 2014.
Philanthropy: Managing Trustee — Mahindru Foundation, providing free eye care, with over 1.5 million patients served and 1,200+ cornea donations facilitated through the Y.P. Mahindru Niramaya Eye Bank.
Industry affiliations
- Founding Member & President — All India Detergent Manufacturers' Association
- President — Oil Technologists' Association of India
- Member — American Oil Chemists' Society
- Detergent Development Board, Govt. of India
- ISI / BIS Committee
Mr. Ashutossh Mahindru
Chief Executive Officer · MBA — London Business SchoolFourth generation of his family in business and the operating leader of Paragon Greentech. Career arc: 2000–2005 early-stage technology ventures; 2007 MBA London Business School; 2007 onwards Surfactants and Fabric & Home Care.
During his operational tenure, the licensee operating company maintained the lead sulphonation supply position with Hindustan Unilever, grew to become the largest sulphonation partner in India for Procter & Gamble, added SC Johnson, Reckitt Benckiser, Dow Corning and PZ Cussons accounts, and increased export turnover from 5% to 15% of group revenues.
Today: operating responsibility for Paragon's licensing pipeline, LSTK execution, R&D pipeline programmes, capital-partner relationships.
All process technologies referenced are owned by Paragon Greentech.
Four Decades of Process Firsts
From the first LABSA process first in 1983 to AI-deployed operations today — a continuous record of invention.
LABSA at 90% active matter — ahead of the global benchmark. First documented process first.
LABSA produced without Oleum. NDOM down. Yield up to 1.47. The IP enters commercial supply through licensee operations — underpinning Hindustan Unilever's launch of Wheel.
Through a multi-decade licensee operating partnership, Paragon's process IP becomes the lead sulphonation technology behind supply to Hindustan Unilever / Unilever, Procter & Gamble, SC Johnson, Reckitt Benckiser, Dow Corning, PZ Cussons and 200+ downstream detergent manufacturers globally.
Consulting roster builds. Coal India · MoSPI (GOI) · Kodak India · DSM Netherlands · Williams plc UK · TICAPCO.
Indigenous gas-route sulphonation deployed commercially. Third process first.
Asia's largest single sulphonation line operational at a Paragon-IP licensee site.
Pithampur licensee site commissioned in 42 days from go-decision. Record stands.
100% SO₃ pure-oxygen route. Fourth process first. Eliminating nitrogen ballast and vent loss.
Advance Group, the licensee operating company through which the Asia-Scale Sulphonation Programme had run, enters insolvency proceedings. Paragon Greentech's process IP is owned by Paragon and continues to be deployed independently.
Novel sulphur-processing platform commercially deployed at Zenish Industries, Ahmedabad. Six product lines, all distillation grade. Startup-India recognised — DIPP94233. Zero Liquid + Solid + Gas discharge by design. Carbon-credit eligible. AI deployed across operations.
R&D pipeline allocated across biogas → surfactants, algae → cooking oil, concentrated FHPC formulations. AI deployed across four applications.