Incorporated in Mar.'93 as a public limited company, Canvay Chemicals is promoted by Bhogilal Patel, Tarun Patel, Jatin Patel, Nitin Patel and Ketki T Patel. The company has a technical and financial collaboration with Remi and Mediterran, Hungary. The company set up a project to manufacture di-calcium phosphate (DCP) of dentrifice grade and pharma grade, as per the BIS specifications. The project is located at Vapi, Gujarat. The company came out with a public issue of 14,00,000 equity shares of Rs 10 each for cash at par aggregating Rs 140 lac, in Jan.'96 to part-finance the project.