Paragon Fine & Speciality Chemical Ltd. Company History and Annual Growth Details

The company was originally formed as partnership firm under the Indian Partnership Act, 1932 in the name and style of “M/s. Devarshi Dyechem”, pursuant to a deed of partnership dated February 02, 2003, entered between Manubhai Mongabhai Prajapati, Sureshbhai Natvarlal Patel and Kusumben Prahladbhai Patel. Thereafter, the said partnership firm was purchased by two of the existing promoters, Vallabh Ratanji Savaliya and Pravinbhai Panchabhai Patolia along with Pravinchandra Jasmat Vasolia, Manubhai Mongabhai Prajapati and Mukeshbhai Rudabhai Buha pursuant to a deed of partnership dated February 26, 2004. The name of the partnership firm was then changed to M/s. Paragon Industries. Thereafter a deed of partnership dated April 04, 2009 was entered to admit Kishor Panchabhai Patolia and to retire Pravinbhai Panchabhai Patolia, Manubhai Mongabhai Prajapati and Mukeshbhai Rudabhai Buha as partners. Later a deed of partnership dated November 20, 2017 was executed to admit Bansari Kishor Patolia, Priydarshna Kishorkumar Patolia, Nitaben Pravinchandra Vasolia and Heamanshi Pravinbhai Vasoliya as partners in the existing partnership firm. Further, “M/s Paragon Industries” was converted from partnership firm to a Private Limited Company under Part XXI of the Companies Act, 2013 in the name of “Paragon Fine and Speciality Chemical Private Limited” vide Certificate of Incorporation dated November 02, 2018 bearing registration no. 105071 issued by Registrar of Companies, Central Registration Centre bearing CIN U24304GJ2018PTC105071. Subsequently, the Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on July 15, 2022 and consequently the name of the Company was changed from “Paragon Fine And Speciality Chemical Private Limited” to “Paragon Fine And Speciality Chemical Limited” vide a fresh certificate of incorporation dated August 23, 2022 issued by the Registrar of Companies, Ahmedabad bearing CIN U24304GJ2018PLC105071. Nitaben Pravinchandra Vasolia, Heamanshi Pravinbhai Vasoliya, Pravinchandra Jasmat Vasolia, Vallabh Ratanji Savaliya, Kishor Panchabhai Patolia, Priydarshna Kishorkumar Patolia and Bansari Kishorbhai Patolia were the initial subscribers to the
Memorandum of Association of the Company.

Major events and milestones of the Company:

2004
- We originally started business of manufacture and sale of chemicals as a partnership firm “M/s Paragon Industries”
- Initiated manufacturing of Hair Colthe or Dye Intermediates
- Received Import Export code

2013
- Received ISO 9001:2015

2017
- Received OHSAS 18001: 2007

2018
- Incorporation of the Company as Private Limited Company from partnership firm

2020
- Received ISO 45001:2018
- Received ISO 14001:2015

2021
- Received DSIR approval for the in house R&D facility.

2022
- Received One Star Export House certified
- Received SA 8000 certification.
- Conversion of the Company from Private Limited to Public Limited.

2023
- Land Acquired for Warehouse near Viramgam Plant