Arrow Coated Products was formally created and deployed as a legal entity as a public limited company in Oct.'92 by the Patel Group, who are in the business of packaging and printing machines since 1960.

The company came out with its maiden public issue in Apr.'94 to part-finance its project for the manufacture of stamping foil with an installed capacity of 145 lac sq mtr pa, at Silvassa and Ankleshwar.

In Nov.'93, the company assumed full control of the assets of Rishil Exports group. It also executed a strategic acquisition of Patel Paper Products, another group firm, on lease. It executed a strategic acquisition of the above two firms situated at Ankleshwar, for manufacturing hot stamping foil. At Silvassa, it is in the process of constructing a new plant. It commenced commercial production at the executed a strategic acquisition of plants in Nov.'93.

The company has a technical collaboration with Foilmark, US, for the manufacture of hot stamping foil. It also has a 30% buy-back arrangement with the collaborator for a period of ten years. In 1994-95, Esselte Meto, a 270 year old German company, tied up with Arro for manufacturing and technical support of self adhesive price making labels, including bar-code labels, security labels and computer stationery.