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Since 1958, Indian Gum Industries Ltd or IGI.

Joint venture company between the Merchant Family and Cesalpiniaset up its first plant in Mumbai.

  • 1958

    Indian Gum Industries Ltd or IGI

    Joint venture company between the Merchant Family and Cesalpinia set up its first plant in Mumbai.

    Cesalpinia was acquired by Hercules Incorporated of the USA in mid-seventies.

  • First plant in Mumbai

  • 1974 & 1978

    IGI built Additional Plant

    IGI built Additional Plant at Ahmedabad in 1974 and at Jodhpur in 1978.

  • Plant at Ahmedabad

  • 1987-98

    1987: The Merchant Family bought back the shareholding in IGI from Hercules and became a 100% Indian owned and managed company.

    1995: The Mumbai plant was closed down.

    1998: The Merchant family restructured its business interests amongst family members and Lucid Colloids Ltd. owned by Mr. Uday Merchant and his family took over the Jodhpur plant of IGI.

  • 100% Indian owned & managed company

  • Mumbai Plant

  • Jodhpur Plant built in 1998

  • 2002

    Lucid entered in to a joint venture with Taiyo Kagaku company Ltd. of Japan called Taiyo Lucid and built a plant in Aurangabad in India to manufacture Guar water soluble dietary fiber.

  • Plant in Aurangabad

  • 2014-2017

    2014: New plant built in Meglasiya in Rajasthan.

    2016: New plant built in Bikaner in Rajasthan. A 40-acre farm was acquired to conduct field research on Guar.

    2017:New plant is being built at Jhagadiya.

  • New plant built in Meglasiya in 2014

  • New plant built in Bikaner in 2016

  • New plant is being built in Jhagadiya