The Comp. was incorporated in September 1986 as Hans Marketing and Services Pvt, limited Its main activity since incorporation was marketing adhesives manufactured by M/s Nikhil Industries [a Partnership firms] under the brand name 'FORMISOL'. With a view to achieve backward integration the Comp. joined as a partner in M/s Nikhil Indsutries on 1st October 1992. The firm was engaged in the manufacture of Adhesives & Emulsions marketed by Company. The Comp. was later converted as Public Limited Comp. & changed its name as Nikhil Adhesives Ltd, for which a fresh certificate of incorporation was issued by Registrar of Companies, Maharashtra at Bombay on 28th December, 1992.