Mahickra Chemicals Limited
Indian manufacturer and exporter of dyestuffs, pigments, and specialty chemicals, known for its Nikazol and Nikafix reactive dye brands.
Last updated September 28, 2026
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Overview
Mahickra Chemicals Limited is an Indian manufacturer and exporter of dyestuffs, pigments, food colors, specialty chemicals, inorganic chemicals, and excipients. The company was founded in 1997 as Mahak Dyechem Industries by Mr. Mitesh Gandhi (Chairman and Managing Director) and Mr. Ashish Gandhi (Whole-time Director), with an initial focus on producing a full range of reactive dyes. Over more than two decades, it has grown into a globally active player in the chemical industry, operating four manufacturing facilities, two of which are dedicated to reactive dyes. Its headquarters and registered office are located at Plot No. 1209, Phase-3, G.I.D.C., Vatva, Ahmedabad, Gujarat, India. The company specializes in a comprehensive range of reactive dyes marketed under its proprietary brands Nikazol and Nikafix, which are widely used in textile dyeing. In addition to reactive dyes, Mahickra produces pigments, food colors, specialty chemicals, inorganic chemicals, and excipients. Its products serve diverse industries, with a strong emphasis on textiles. Mahickra Chemicals is certified with GOTS v7.0 and ZDHC Level 3, and holds an Ecopassport from OekoTex, reflecting its commitment to quality and environmental standards. Mahickra Chemicals Limited has a significant global presence, exporting to numerous countries worldwide. The company listed on the NSE SME platform on April 26, 2018, marking a key milestone in its growth and market visibility. With a business philosophy centered on innovation, diversification, and growth, Mahickra continues to expand its product portfolio and international footprint. The company is led by its founders, with Mr. Mitesh Gandhi serving as Chairman and Managing Director and Mr. Ashish Gandhi as Whole-time Director.
History
Mahickra Chemicals Limited traces its origins to 1997, when Mr. Mitesh Gandhi (Chairman and Managing Director) and Mr. Ashish Gandhi (Whole-time Director) established "Mahak Dyechem Industries" in Ahmedabad, Gujarat, India. The venture was founded with the primary objective of manufacturing and specializing in a full range of reactive dyes, catering to the textile industry's growing demand for high-quality dyeing solutions. In its early years, the company focused on building expertise in reactive dye chemistry and establishing a reputation for quality. Over time, it expanded its product portfolio to include pigments, food colors, specialty chemicals, inorganic chemicals, and excipients. The company also invested in manufacturing infrastructure, eventually operating four production facilities, two of which are dedicated to reactive dyes. A significant milestone occurred on April 26, 2018, when Mahickra Chemicals Limited was listed on the NSE SME platform. This listing underscored the company's dedication to expansion and market presence, providing access to capital markets and enhancing its visibility in the chemicals manufacturing industry. Throughout its history, Mahickra has emphasized quality control and environmental responsibility. It achieved certifications including GOTS v7.0, ZDHC Level 3, and an Ecopassport from OekoTex. These certifications reflect adherence to international standards for organic textiles and sustainable chemical production. Today, Mahickra Chemicals Limited operates with a global footprint, exporting dyestuffs and chemicals to numerous countries. The company continues to be led by its founders and remains committed to its guiding philosophy of "Innovate, Diversify, Grow."
- 2018
Listed on the NSE SME platform on April 26, 2018.
- 1997
Founded as Mahak Dyechem Industries by Mr. Mitesh Gandhi and Mr. Ashish Gandhi.
Products and positioning
Premier leader in dyestuffs manufacturing and export with a strong global presence, certified for quality and environmental standards.
Nikazol
Brand of reactive dyes for textile dyeing.
Nikafix
Brand of reactive dyes for textile dyeing.
Pigments
Pigments for various industrial applications.
Food Colors
Food-grade colorants.
Specialty Chemicals
Specialty chemical products.
Inorganic Chemicals
Inorganic chemical products.
Excipients
Excipients for pharmaceutical and other uses.
Sources2 sources
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