Maple Industries(Laminates), previously known as Hi-Tech Laminates was incorporated on 12 Jul.'88 with the main objective of manufcturing and dealing in decorative and industrial laminates. It was promoted by the Parekh Group comprising of Lalitbhai T Parekh, Atul L Parekh and Nilesh L Parekh. The company acquired Rosewood Polymers (RPL), an existing unit in Mar.'94, alongwith is plant at Achhad, Thane, making it a subsidiary. RPL had commenced commercial production of decorative and industrial laminates in Jul.'91, with an installed capacity of 1500 tpa. In Aug.'95, the company came out with a public issue to finance the diversification of its subsidiary into decorative laminates (inst. cap. : 2000 tpa) and also to increase its own capacity to 1000 tpa.