Incorporated on 22 Aug.'86, Priya Dyes & Chemicals (formerly Priya Electronics & Chemicals) exports dyes, dye-intermediates, pharmaceuticals and fine chemicals. Promoted by A K Bhuwania, the company now renamed Priya Ltd was recognised as an Export House by the Government of India in Nov.'89. It won the first export award from CHEMEXCIL in 1990-91. The name of the company was changed to Priya Ltd., during the year 1999.
Priya Dyes has an established base of over 75 clients in more than 25 countries. Its export product portfolio of nearly 130 products comprises dyestuffs, pigments, dye-intermediates, naphthols, fast bases, bulk drugs and fine chemicals. The major markets are West Europe,US,Latin America East Asia and South-East Asian countries. The company mainly provides services to the SSI sector under one roof. It procures raw materials for SSI units and also markets their products.
The company entered the capital market in May '94 with an issue at a premium of Rs 40, aggregating Rs 5 cr. The proceeds were used to acquire office premises at Mumbai and to augment long-term working capital. The balance was utilised to take a warehouse on lease and set up a laboratory for testing and quality control of the products to be exported.
Due to Chinese competition the export business of dyestuffs,bulk pharmaceuticals witnessed a marginal reduction.As Networking field in the computer industry is growing fastly the company has taken distribution of Networking of Edimax Technology of Taiwan.A branch office was opened at Pune during 2001.