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Nirup Synchrome Ltd. was promoted by technocrat entrepreneur, Mr. M.V.Rajeshwara Rao. In 1985 to manufacture dispersible dyes used by the Country's fast growing Polyester textile industry. The plant is located at Waddepally village in Warangal district. Andhra Pradesh and has an installed capacity of 1,000 tpa. In 1990-91 the company undertook a balancing-cum-expansion programme which was partly financed through a Rights issue. Nirup Synchrome has completed the setting up of a new dye intermediaries at Ankleshwar. The Company also exports its products to Asia and South East Asia.