Vikram Aroma Limited was established on 17 March, 2021 as a public limited company with the Registrar of Companies, Ahmedabad, Gujarat. the Company has entered into a Scheme of Arrangement for Demerger with Vikram Thermo (India) Limited to transfer the Aromatic Chemical-Diphenyl Oxide business of Vikram Thermo (India) Limited. Pursuant to the said Scheme of Arrangement, Vikram Thermo Ltd and the Company has been incorporated and the demerger is given effect on 1 July, 2022.

In terms of the Demerger, the Company has allotted 31,35,785 Equity shares of Rs 10/- each to shareholders of Vikram Thermo (India) Limited in the ratio of 1:10 i.e., 1 Equity Share for every 10 Equity Shares held. Presently, Company is involved in Pharma Polymers.