Company History - Gujarat Petrosynthese
The company was incorporated on 19th Sept. 1977 at Baroda as a Private
Ltd Company and converted into a Public Limited Co, on 13th Sept,
It manufactures petrochemicals, particularly polybufyenes. The
product are sold under the brand name PETROVIS.
The Company was originally registered under the name Petrosynthese
Pvt Ltd., which was subsequently changed in Guj Petrosynthese Ltd. It
was promoted by Dr R M Thakkar & Dr (Mrs) Sharayu . R Thakkar jointly
with Guj Industrial Investment Corporation Ltd (GIIC) in the
The Company entered into a technical collaboration agreement with
Cosdesn Technology Inc of U S A, who were to provide detailed process
know-how, basic engineering details & drawings. The collaborators were
also to depute its engineers during the design & initial operations of
The Co introduced two new grades of polybutenes for use in caulking &
sealing compounds & in the adhesives industry on March 28, 1991, the
Co, took over a sick unit Fur Fur Chemicals Ltd.
On 27th June 1990, a new Co Karnataka Petrosynthese Ltd was set up to
manufacture specialised grades of polybutenes like Polyacetal. The Co
also proposed to manufacture plastic alloys & blends.
-The Company recommended Dividend @ 10%.