Monachem Group was established in 1974 by founder Mr. Dilip Shah. It was initially established for trading of bulk chemicals for India market
started representing multinational companies in plastic additives and pharma excipients for India market
Son of the founder, Mr. Shamik Shah joined the business after finishing his chemical engineering from Pune University and MBA degree from University of South Florida.
Monachem Foundation got established in 2013 which executes social projects to support underprivileged part of the society for creating a positive impact towards education & health of children with special needs.
With a vision of expanding globally, Monachem launched a new international division, in alignment with the “make in India” campaign by government of India.
Monachem got selected as a business case study at Indian Institute of Management, Ahmedabad, #1 business school of India.
On 8th Nov 2016, Monachem was awarded “top 25 Innovative companies of India” by Confederation of Indian Industries (CII).
On 6th May 2017, Monachem received award of India’s top 100 SME (Small & Medium Enterprise) amongst 41,832 nominations received nationally.
Formation of a new company – Monachem Specialities LLP with a vision to expand within the global speciality chemicals industry.
On 19 th Sept 2019, two Monachem group companies (Monachem Additives Pvt Ltd & Addpol Chemspecialitieis Pvt Ltd ) got acquired by IMCD, a Netherland based public listed multinational company .
on 8th Jan 2020, Monachem Group’s 46th Anniversary, Monachem launched VISION 2025 – a new exciting 5-year growth plan for the group to expand globally.
On 26th Jan 2021, India’s Republic Day, Monachem announced the new business identity as a “Certified Contract Manufacturer of speciality chemicals & branded ingredients” through the launch of its new website. This identity of a new stronger sustainable business model took birth during covid times of 2020.