No, Elofic Industries Limited is not a startup. It is a well established and stable  company working since the last seven decades. Incorporated in 1951, It manufactures automotive filters, lubes, and automotive coolants. The major product of the company is filters. The company began as a small enterprise and today it is the market leader. They are also the largest exporter of filters in India. It is a small cap company with a valuation of 627.09 crore.