Mergers and acquisitions (M&A) have played important role in the growth and development of companies. M&A is done in almost all industries. Since most of the M&A deals are done in chemical industry, the present study is based on the chemical industry. The present study is an attempt to find out the current trends of M&A in the chemical industry in India, the objectives behind the M&A deals,
success or failure of companies in M&A in the chemical industry by making performance evaluation through financial analysis. The financial performance of chemical companies has been evaluated based on the three parameters namely liquidity, solvency and profitability in the post-merger period. The findings show that mergers have no impact on the financial performance of the chemical companies.