The growth of the Indian pigments market is propelling the expansion of the dyes and pigments industry, which accounts for nearly a quarter of the global market and achieves an 11 percent CAGR between 2024 and 2032 as per Expert Market Research Insights. Established in Gujarat, Shree Colosperse is the brainchild of visionary Mansukh H. Vekaria, who earned his B.Sc. Tech. in Dyes and Intermediates from UDCT, now ICT, in 1984 and embarked on a journey of innovation. The company began its legacy in 1987 with reactive dyes, swiftly expanding into dispersed dyes by 1991 and venturing into organic pigments in 1997. By 2000, Shree Colosperse had entered the realm of high-performance pigments (HPP), solvent dyes, and dye and pigment intermediates, marking a significant stride towards backward integration. Shree Colosperse stands at the forefront of the colorant industry, servicing both textile and non-textile sectors.
Reflecting on his journey, Mansukhbhai Vekaria, Managing Director shares, “I've dedicated 35 years to this field, leveraging my technical expertise, specializing in dyes, intermediates, and pigments. Our strength lies in innovation; we continually adapt our product portfolio to meet market demand and maximize margins. From reactive dyes to dispersed dyes, pigments, and now solvent dyes, our portfolio encompasses diverse products to cater to our customers' needs.”
Product Diversification and Expansion
Shree Colosperse boasts an extensive product category comprising disperse dyes, organic azo pigments, solvent dyes, metal complex dyes, polymer dyes, cationic dyes, and more, totaling over 400 products in its portfolio.
With a global footprint, Shree Colosperse exports its colorants to prominent destinations such as the USA, Europe, the UAE, and Bangladesh. Catering to various industries, including textiles, inks, master batch, plastics, petroleum, rubber, and paints, the company offers a comprehensive portfolio to meet the colorant needs of different sectors.
“Our operational ability allows us to seamlessly accommodate fluctuating demands, enabling us to fulfill orders for solvent dyes, pigments, and other specialized products. While a core selection of 10 to 15 routine products forms the backbone of offerings, we also specialize in producing tailor-made solutions to meet specific requirements. Leveraging a robust analytical department and a dedicated team of professionals, including family members, we maintain impeccable quality standards”, speaks Mansukh.
Moreover, Shree Colosperse’s approach to innovation lies in refining processes rather than introducing new products. They continually assess and optimize operations by scrutinizing raw materials, adjusting stock levels, and conducting laboratory tests to enhance efficiency and quality. While they primarily rely on internally developed processes, they also explore external sources, such as US, Chinese, and European patents, to adapt and refine existing technologies to meet customer demands. In response to specific customer requests, the company conducts laboratory trials to develop customized solutions, produced upon customer approval.
Shree Colosperse's goal is to excel as a top manufacturer in dyes & pigments, continuously innovating to meet customer demands & achieve 15 percent annual growth
Additionally, Shree Colosperse ensures environmental compliance by being a member of CETP, handling primary treatment on-site, and sending waste for further processing. While focusing on minimizing pollution, they emphasize their negligible air emissions due to scrubber systems and primarily manage liquid waste, ensuring responsible treatment and disposal of solid waste through membership in solid waste management facilities.
In conclusion, Shree Colosperse is embarking on the establishment of a new plant near Saykha, an area earmarked for Industrial development by the Gujarat government. “As part of our expansion plans, we are implementing a streamlined process for new product development. This includes soliciting feedback from our existing customers to ensure, any issues are promptly addressed before launching a new product. We value the longstanding relationships with our loyal customers over the past three decades, engaging in open dialogue to understand their needs and resolve any challenges they may encounter”, says Mansukh.
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