Incorporated in Oct.'90, H P M Industries is promoted by Lala Shrikishen Das, his sons and associates. Since the incorporation of the company, no business activities were carried out by the company till 1992-93, when it started trading in pesticides. It stopped trading in pesticides in 1993 in order to put concentrated efforts to set up a project for the manufacture of monocrotophos technical and other pesticidal and insecticidal formulations at Alwar, Rajasthan. Commercial production of the formulation unit of insecticides and pesticides commenced in Mar.'95. Production of monocrotophos technical commenced in Dec.'95. During the year 1999-2000, the company was successful in launching new molecules but on account of heavy recession in the industry the results were not satisfactory.