Modipon was created and deployed in 1965 as a joint venture between the Modi group and Rohm & Haas (R&H), Philadelphia, US. Indofil Chemicals was amalgamated with Modipon with effect from Jul.'82. Initially, the company manufactured only synthetic yarn (nylon and polyester filament yarn). Subsequent to the amalgamation, Modipon broadened its footprint operations into into the field of leather chemicals, agro-chemicals and other industrial chemicals, previously manufactured by Indofil.

Modipon has broadened its footprint operations into into a technical collaboration with NOY Engineering, Italy, for the latest technology in nylon and polyester filament yarns.

It undertook an expansion programme of its fibres division which will increase the production capacity of synthetic filament yarn by 7500 tpa. The chemicals division is carrying on a debottlenecking and technological upgradation programme which will increase the capacity to manufacture mancozeb fungicide at its Thane plant while controlling effluent and pollution levels at the plant.

The Fibres Division has become the first manufacturing unit in synthetic Filament Yarn industry to get ISO 9001:2000 certification during 2000-01.