Promoted by Saurin Shah, Jayesh Mehta and Chaula Shah, Tripex Overseas was incorporated as a public limited company on 8 Sep.'95 for the purpose of the business of domestic and export of various commodities especially dyes and chemicals, cosmetics, dye intermediates, drugs and pharmaceuticals, detergents, etc.
The company started its business operation in the domestic market for dyes, chemicals and textiles. It purchases goods from the manufacturers and sells to the end users / traders. It proposes to engage in export / import of various commodities. In Mar.'96, it came out with a public issue of 33 lac equity shares of Rs 10 each for cash at par aggregating Rs 330 lac to augment the long term working capital requirements for the export business and to develop infrastructure facilities for the manufacturers.