Vipul Organics Ltd

Vipul Organics Ltd

Incorporated as Vipul Dyes & Chemicals a private limited company on 21 Jun.'72 it was converted into public limited company on 8 Apr.'93 and its name was changed to Vipul Dye Chem on 24 Jun.'93. VDCL is the business of dye-intermediates and chemicals. The company was promoted by Pravinchandra Shah who is the Chairman and Managing Director of the company. Other group companies of VDCL include Jayshree Chemicals Jayapriya Chemical Industries Shree Ambika Dyechem Cauvery Chemicals and Amar Trading Corporation.VDCL is a government-recognised Export House. It exports dye-intermediates to Switzerland Hong Kong Germany the US and Italy. Some of the valuable foreign customers include Dolder Switzerland; Chemag Germany; American Fine Chemicals Company US; Peekay Chemicals Canada; Ve Co Tex SRL Italy; etc.In 1977 the company started manufacturing activities at its Thane Belapur unit to manufacture vat dyes such as vat indigo vat brown RID vat blue 2B which find application in the textile industry. In 1984-85 the manufacturing activities were suspended. In 1991 it restarted its manufacturing activities at Palghar to manufacture blue B base with an installed capacity of 24 tpa.In Apr.'95 the company came out with a public issue at a premium of Rs 10. The proceeds of the above issues were utilised to part-finance a Rs 3.72-cr project to expand its capacity by setting up a new unit and acquiring the necessary infrastructure. In 1996 the company went into expansion by manufacturing Pigments and total cost was Rs.2.00 crores.