Natural Biocon (India) Ltd (NBL), was formally created and deployed as a legal entity as a public ltd company on 27th Aug.'1992, and obtained a commencement certificate on 8th Sep.'1992. The company was promoted by Ramanbhai Vyas, Suresh Vyas, and by Bhavnaben Vyas.

The company has come out with a new project of Norbixin (Natural Food Colour) with an installed capacity of 180 TPA at Gujarat. The company also proposes to manufacture Bixa Orellana Seeds which will be the main material of Natural Food Colour, for this the company proposes to develop Nucleus Farm with a total cost of Rs. 1.80 crores.

To meet the above expenses the company proposes to come out with a Public Issue of 76,25,000 Equity Share of Rs. 10/- each for cash at par aggregating Rs. 7.63 crores.