Indo Euro Indchem Limited, originally established as Rinku Polychem Limited in 1990, transitioned from a private to a public limited entity in 1992. The company, led by Chairman and Managing Director Vardhaman Chhaganlal Shah, engages in the production and trading of pigments, organic chemicals, and poultry feed. It has diversified its trading operations to include laminates, base paper, and tissue paper, reflecting its strategic shift and subsequent rebranding to Indo Euro Indchem Ltd.
In 1994, the company launched a public issue to finance a Rs 10.85 crore project aimed at manufacturing dyes, dye-intermediates, and specialty chemicals in Osmanabad, Maharashtra. This venture is strategically integrated with the broader chemical sector, benefiting from backward linkages with petrochemicals and organic chemicals, and forward linkages to industries such as textiles, plastics, paints, and pharmaceuticals, reflecting its comprehensive role in the chemical supply chain.
