Incorporated in 1994 as a public limited company, Prima Industries is promoted by Sanjay Gupta and Prima Agro Products. The company came out with a public issue in Sep.'95 to part-finance the project of solvent extraction and edible oil refining at Kanjikode (Palghat district), Kerala, with an installed capacity of 300 tpd and 30 tpd respectively.

The first phase of the project the solvent extraction plant, commenced commercial production in Aug.'96. The second phase edible oil refinery, is in the advanced stage of implementation. Company has started processing Rice Bran which is another raw material available locally as well as from the nearby states. Company had switch over to other raw material like Sunflower cake, groundnut cake etc,

Company has broadened its footprint operations into into a tie up with Hindustan Lever Limited(HLL), whereby the Company is processing the raw material supplied by HLL & it is expected to increase the processing raw material in due course. In 1999-2000, as a measure of test marketing, the company has formally introduced consumer pack oil under umbrella branding strategy "Prima Brand" and experienced good response from the market.