The company was originally incorporated as ‘Ushanti Colour Chem Private Limited’ under the provisions of Companies Act, 1956 at Gujarat vide Certificate of Incorporation issued by Registrar of Companies, Gujarat on May 12, 1993. Consequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on February 19, 2018 and the name of the company was changed to ‘Ushanti Colour Chem Limited’ and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated March 07, 2018 was issued by Registrar of Companies, Gujarat, Ahmedabad.

The company has 3 manufacturing facilities, spread over 2,739 sq. meters, located at Vatva GIDC in Gujarat. It also has its own Ice generation machinery. It recovers Ammonium Carbonate which is reused in the plant as well as sold to the Soda Ash Industry reducing wastage providing the company with incremental revenue. The Monthly Production capacity of the company increased from 5 MT in 1990 to 300 MT now. With the new capacity addition, production will be 1350MT. With land of 3000sq. mt, at Vatwa & 75000sq. mt land at Saykha, the company’s enterprise value is around Rs 45-50 crore. Ushanti generates around 41% of its revenue from the Domestic market while the rest 59% is generated from its export operations. Ushanti offers its products through traders. The manufactured dyes are sold as per the orders received by parties either directly from manufacturers or traders. The company is exporting its products to over 16 countries that includes UK, US, Argentina, China, Korea etc.

Business area of the Company:

The company is engaged in the business of manufacturing and trading of Dyestuffs. The company manufactures Reactive and Direct Dyestuffs also known as Synthetic Organic Dyes. It also manufactures Copper Phthalocyanine, Blue Cued which is used for manufacturing of Dyestuffs. These products cater to the raw material requirements of textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and pain industries. The company mainly focuses on ‘Turquoise Blue’ dyestuffs and pigments. 

Key Events and Milestones:

• 1993: Incorporated as a Private Company in the name and style of ‘Ushanti Colour Chem Private Limited’.
  
• 2009: Certificate of Recognition from Export House, Office of the Joint Director General of Foreign Trade, Ministry of Commerce & Industry for the period of five years effective from April 01, 2009 to March 31, 2014.
  
• 2014: Renewal of Certificate of Recognition from Export House, Office of the Joint Director General of Foreign Trade, Ministry of Commerce & Industry for the period of five years effective from April 01, 2014 to March 31, 2019.
  
• 2015: Certificate of ISO 9001:2015 from LMS Certifications Private Limited in manufacturing of dyestuffs, pigments and intermediates.
  
• 2017: Letter of Approval from CU Inspections & Certifications India Private Limited for Global Organic Textile Standards.
  
• 2018: Conversion of the company to Public Limited Company from ‘Ushanti Colour Chem Private Limited’ to ‘Ushanti Colour Chem Limited’.