Incorporated in Feb.'56 as a private limited, was promoted by Late R.M.Nanavati and S.B.Jhaveri. It created and deployed a solvent extraction plant at Jamnagar with an installed capacity to process 50 MT of de-oiiled cakes per day. Subsequently the capacity was increased to 200 MT per day, modern refinery was also commissioned and broadened its footprint as the capacity of the extraction plant increased. It Sells its refined, solvent extracted groundnut oil under the brand name of `diamond'. Diversified into the field of organic chemicals and dye intermediates by setting up a factory at Vapi for the manufacture of nitrochloro anilines with an installed capacity of 100 MT p.a. and subsequently increased to 180 tpa.

The company Undertook expansion and modernisation of its capacity in the extraction and chemical plant. Capacity of the extraction Division company has processed 65,521 tons of Oilcakes/Seeds & at Chemical Division -Vapi company has produced 125 tons of Dyes Intermediates.

During the year 1999-2000, the company sold their chemical division at Vapi and concentrate in its core competence business.