The Company was incorporated on in the state of Gujarat as a public limited Company on 27th August, 1992, and obtained certificate of commencement of business on 08th September, 1992, from the Registrar of Companies, Gujarat at Ahmedabad. The main object of the Company as per Memorandum of Association was:
To extract, procure, mature, distill, draw, mix, crush and separate from the plants, seeds, agriculture produce and all types of vegetation, juices, and alkaloids such as nicotine, caffeine, tenin, morphine, codeine, strychnine, nuxvomicase, brucine and manufacture of all types of Agro chemicals,
for barely malt, maltose, malt sugar, and all its derivatives and procure, trade, obtain, import, export, assemble, sell and deal in all such varieties as mentioned above, either independently or in partnership with others or by taking over any concern dealing in such items.
We believe in conducting business ethically, legally and transparently.
We have put in place, robust systems, process and internal controls to ensure compliance to all the applicable laws and regulations of the countries in which we are present. Our operating standards and marketing programs are tailored to meet the precise local standards of each market.
The Company was a pioneer manufacturer of natural color based on modern technology. The monopoly that India once enjoyed in these commodities has been eroded over the year with the entry of other countries in the field. While tobacco exports have been affected by anti smoking campaigns, the exports of rice, fruits and vegetables have been assed to the basket of exports from India.
Demand of food color in India is still limited in view of non-availability of the same at reasonable prices. With fast food catching on India, it is only matter of time that domestic consumption will also pick-up.
Food color obtained from Bixa orellana is in natural form and hence it is least harmful on human health as compared with synthetic colors which may cause cancer in various parts of the body besides being the cause of number of diseases. Owing to such reasons, world-wide restriction have been imposed against use of coal-tar colors and world health, food and drug authorities have restricted the use of coal-tar color in consumables while some of the European countries have virtually banned the use of coal-tar color and hence strictly restricted its uses especially in consumable items.
Hence management of the Company has also decided to venture into the chemical and agriculture produce, also due to which some of the region of the State of Gujarat has been selected for trading in the chemical and agriculture produce segment to the various related industries. The Company has received good response in the chemical and agriculture produce segment.
The Company foresee prospects not only in the chemical industry but also venture into agriculture produce, marine, solar and infrastructure subject to statutory approvals.
