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Vipul Organics Limited

Indian manufacturer of organic pigments, dyes and colour intermediates, exporting to over 45 countries.

Last updated September 26, 2026

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Overview

Vipul Organics Limited is an Indian colour-industry company that manufactures organic pigments, pigment dispersions, dyes and dye intermediates. Its origins trace to 1968, when the Vipul Group of Companies began a naphthol, fast colour base and dye-intermediate business under the stewardship of Mr. Pravinchandra B. Shah, setting up a manufacturing facility at Thane on the outskirts of Mumbai. In 1972 the business was formally established as Vipul Dye Chem Limited. The company became a public limited company in 1995 and, in 2016, rebranded itself as Vipul Organics Limited to reflect its broader product portfolio. The company describes itself as one of India's largest manufacturers of pigments and pigment dispersions. Its product range covers pigment powders, pigment dispersions, reactive dyes, direct dyes, acid dyes, naphthols, fast colour bases, fast colour salts, vat dyes and vat pastes, basic dyes, food colours and lake colours, and intermediates for dyestuffs and pigments. These products serve customers in paints, inks, plastics, textiles, agriculture and rubber, with applications including automotive coatings, exterior coatings, printing inks and masterbatches. Pigments are marketed under the Sun Tone® brand. Vipul Organics states that it is the only company in India that is both backward and forward integrated, producing its own pigment intermediates for conversion into pigment powders and dispersions. It also highlights a complete organic pigments range covering the Azo and Phthalocyanine families, along with high-performance pigments developed for demanding applications. The company exports to more than 45 countries and has been celebrating its Golden Jubilee, describing itself as "50 years young" in the colour industry. Leadership passed from founder Pravinchandra B. Shah to his son, Mr. Vipul P. Shah, a chemical engineer whose vision expanded the portfolio into pigments. The company maintains investor-relations functions consistent with its public-listed status, including financial results, annual reports, shareholding patterns and corporate governance disclosures, with Bigshare Services Pvt. Ltd. acting as registrar and transfer agent.

History

The Vipul Group of Companies laid its foundation stone in 1968, when Mr. Pravinchandra B. Shah began a naphthol, fast colour base and dye-intermediate business. What started as a small venture expanded rapidly and set up a manufacturing facility at Thane, on the outskirts of Mumbai. In 1972, Vipul Dye Chem Limited was formally established. The company became a public limited company in 1995 under Mr. Shah's leadership, vision and dedication. In 2016, Vipul Dye Chem Limited rebranded itself as Vipul Organics Limited to reflect its product portfolio; one company page dates the rename to 2017. The credit for taking the company to the next level is attributed to Mr. Vipul P. Shah, son of Mr. P.B. Shah and a chemical engineer by profession, whose determination and vision led to the inclusion of pigments in the product portfolio. Under this direction, the company states it has become one of the largest manufacturers of pigments and pigment dispersions in the country. By the time of its Golden Jubilee, Vipul Organics described itself as "50 years young" in the colour industry. The company has invested heavily in processes and infrastructure to deliver colour solutions, and it reports exporting to over 45 countries. It has also expanded into herbal products, described as nurturing the wellness of society. As a public limited company, it maintains investor-relations disclosures including financial results, annual reports, shareholding patterns and corporate governance information, with Bigshare Services Pvt. Ltd. as registrar and transfer agent (ISIN INE834D01018).

  • 2017

    Alternative company source dates the rename to Vipul Organics Limited to 2017.

  • 2016

    Vipul Dye Chem Limited rebrands as Vipul Organics Limited.

  • 1995

    Company becomes a public limited company.

  • 1972

    Vipul Dye Chem Limited established.

  • 1968

    Vipul Group of Companies begins naphthol, fast colour base and dye-intermediate business under Pravinchandra B. Shah; manufacturing facility set up at Thane.

Products and positioning

One of India's largest manufacturers of pigments and pigment dispersions, and the only Indian company described as both backward and forward integrated in this field.

  • Sun Tone® pigment powder

    Wide spectrum of colours and effects for decorative, industrial paints and automobile coatings; soft texture, easily dispersible.

  • Pigment dispersions

    Produced from own pigment intermediates for consistent quality and cost-effective colour solutions.

  • Naphthols and fast colour bases/salts

    Core products from the company's founding business.

  • Reactive, direct, acid, basic and vat dyes

    Dye ranges for textiles and other applications.

  • Food colours and lake colours

    Colourants for food-related applications.

Sources4 sources

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