Vinyl Chemicals India Limited, a Parekh Group Company, was promoted by Pidilite Industries Limited (PIL) in 1986. The company is currently engaged in the business of trading in chemicals viz. vinyl acetate monomer (VAM). Earlier, the company was engaged in the business of manufacturing VAM in its plant located at Mahad in Raigad District, Maharashtra, India. The company had a major share of the business of this product in India. In 2007, the said manufacturing unit was de-merged into PIL, its Promoter Company, for strategic reasons. Post-demerger, the company's main focus remains in the trading of VAM, which is now imported/sourced from various Global suppliers and distributed/traded in India.