Mihir Shah: Each product is tailor made to provide a solution to an issue/requirement

Vipul Organics specialty chemicals company in the pigments and dyes segment. Today, it is amongst the foremost manufacturers of pigments, dyestuff, lake colours and pigment intermediaries / fast salts in the country. It has 3 manufacturing facilities spread across Maharashtra and has global footprint in over 50 countries. Mihir Shah, Executive Director at Vipul Organics, in an interview with Divya Shetty, outlines the company’s product offering and upcoming expansion initiatives.

Vipul Organics has been a leader in the production of Naphthols for textile dyeing. Can you elaborate on the versatility and applications of Naphthols in achieving vibrant and long-lasting colours?

We are one of the pioneers and leaders in some unique products in textile industry such as Napthols, Fast bases and Fast Salts which is used for African prints, Batik prints. This technology is fading in India but is a unique printing technology which gives much enhanced and bright prints as compared to the traditional Reactive/ Direct dyes. This is the reason why there are several pockets across the globe who still prefer to dye the garment with our Napthols/ Fast Bases over dyes. For the Indonesian market we have the largest market share for this series of products. In India our brand SunThol is very famous and is available since last 50 years.

The textile dyeing industry is witnessing transformative changes driven by sustainability and advanced technologies. How is Vipul Organics adapting to these trends, and what innovations are you implementing to stay ahead?

Our product development team is continuously working on sustainable products to reduce carbon footprint in all field of applications. Efforts to reduce effluent load, conserve water, time, and energy, and reducing lead time to produce finished goods with Right First Time (RFT) quality has always been at the core of our efforts.

From this, our ‘Concept of Packages’ has evolved. We have created the following;

Soft Silk Printing Package: This is developed as an effective alternative for reactive dyeing, avoiding ager and washing off process, without compromising on quality. The product does not look faded even after subjecting to home laundry test. Advantage is huge: Savings in process time, water, energy, man hours, easily reproducible and Reduced carbon footprint.

Dry Discharge Printing Package: This is developed as a substitute for wet discharge printing. Avoids ageing and washing. Advantage is a simplified process, easily reproducible, no odour, saves time, water and man hours.

With the global textile dye market projected to grow significantly, what strategies is Vipul Organics employing to capitalize on this expansion and meet the increasing demand?

We act as a one stop solution for textile consumers offering products across several verticals covering the entire product ranges of pigments in powder, dispersion and emulsion forms and dyes, naphthols, fast colour vases and fast colour salts applicable in the various segments and catering almost all industries such a textile, paints coatings, ink, paper, leather industries.

All these products act as huge value addition resulting in saving time, water, man hours, simplifying processes and utilities whilst complying with global norms.

How is Vipul Organics addressing environmental concerns in dye production, and what steps are you taking to promote eco-friendly dyeing processes?

We don’t let in any of the banned substances enter our organisational premises. Each step is a system made to reduce redundancy, operated with optimised resources and automated processes that help reduce environmental impact in manufacturing with ‘Zero Waste’. Every possible step is taken to reduce pollution, pollutants and usage of recyclable goods is given due importance in the entire value chain.

Can you discuss any recent technological advancements or quality control measures Vipul Organics has implemented to enhance the performance and safety of your dyes and pigments?

Our differentiation surfaces from customer needs. Each product is tailor made to provide a solution to an issue/requirement. This art of customisation and troubleshooting has earned us a solid reputation as a dependable brand. The futuristic approach has taken us a notch above the rest. Our proficiency to excel every time, meeting high end customer needs helps us to stay ahead of competition. An insightful team with a ‘Never say die’ attitude has made us deliver, where others fail to seize the opportunity.

Looking ahead, what are Vipul Organics’ future plans ?

We have installed a new state-of-the-art R&D laboratory and are installing one more manufacturing unit to support the growing demand from textile sectors. Sales and service personnel count is being gradually increased to have a strong network of teams. We shall venture into new untapped potential markets, keep launching new sustainable products and increase our business partners to grow exponentially.

News snippet

Groyyo achieves EBITDA positive milestone and sets the stage for growth in FY25

Groyyo, Asia’s fastest-growing manufacturing tech and consulting company, today announced that it is now EBITDA positive, marking a significant milestone in its journey toward sustainable profitability. This achievement is a result of Groyyo’s focused business strategy and operational excellence, positioning it as a key enabler of global manufacturing and supply chain solutions.

Groyyo’s strategy is anchored in exporting over 90 per cent of its output to marquee international clients, including industry giants like Next, Mango, Inditex (Zara Parent), Ross, and the Bestseller Group. The company’s growth is propelled by  Groyyo Design Studio, which curates in-house designs tailored to client requirements, making design-led exports a core competitive advantage.

In addition, Groyyo Consulting has played a pivotal role in transforming partner factories (including solar powered) into “Groyyo Standard” facilities. By implementing cutting-edge technology and global compliance frameworks, the company ensures its partner manufacturers operate with maximum efficiency and meet international quality benchmarks.

Groyyo is on track to achieve a run rate of Rs 4.50–5 billion by the end of FY25, driven by robust growth in its design-led export business and optimised supply chain operations. With gross profit margins touching 20 per cent, the company’s focus on value creation and operational frugality has been instrumental in sustaining positive EBITDA for the past three to four months.

Commenting on the milestone, Subin Mitra, CEO & Co-founder of Groyyo, said, “Becoming EBITDA positive is a testament to the strength of our business model and our team’s relentless pursuit of excellence. By combining cutting-edge design capabilities with a strong emphasis on technology and efficiency, we are not only enabling global manufacturers but also redefining what it means to be a trusted partner in the supply chain ecosystem. This milestone motivates us to aim higher as we expand our global footprint and solidify our position as a leader in the industry.”

Groyyo has also been strengthening its leadership team with key hires.