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History of Adi Rasayan Ltd.

The Comp. was incorporated as Public Limited Comp. on 16th November, 1992 & obtained Commencement of Business Certificate on 20th November, 1992 with the object, of manufacturing & trading in Organic and inorganic Chemicals, dyes & pigments. The Comp. was promoted by Messrs Sanjay J. Adani, Dinesh H. Desai, Mr. Dahyabhai Patel, Mr. Vikram R. Shah & Mr. Mitesh J. Adani & family members. Subsequently, during October 1994 Mr. Shashikant M. Gandhi joined as copromoter. In early 1993, it was decided by the, Board to set up the Project. In April 1993 land admeasuring 19095.36 square metres was acquired at GIDC Industrial Estate, Panoli, Ankleshwar, Bharuch District, Gujarat, for the Project. In July 1994, & in December 1994 the Company obtained acknowledgements of Memoranda for its products. The Comp. is presently implementing the Project. The Company is also carrying out a small amount of trading in chemicals.