INTERNATIONAL JOURNAL OF ENGINEERING MANAGEMENT AND
SOCIAL SCIENCES
(An International Peer-Reviewed Multi-Disciplinary Journal)
ISSN : 3139-065X
www.ijemss.com
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The Indian chemical industry increasingly adopts mergers as a strategic approach to enhance competitiveness, operational efficiency, and sustainable growth. This study evaluates the impact of mergers on the financial performance of UPL Limited using secondary data collected from annual reports, financial statements, and published literature. A descriptive and analytical research design was employed, supported by comparative analysis, descriptive statistics, and a paired samples t-test. The findings indicate improvements in revenue, EBITDA, net worth, fixed assets, and profit after tax following the merger, although earnings per share showed a slight decline. The statistical analysis suggests that the merger positively influenced the company's overall financial performance. The study concludes that mergers can serve as an effective corporate strategy for achieving long-term growth and strengthening competitive advantage in the Indian chemical industry.