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AEGIS was founded in 1956, and started operations as a speciality chemicals manufacturer in 1967 with a formaldehyde plant in Vapi, Gujarat. In 1970 the company (then known as Atul Drug House) started India's first pentaerythritol plant, and became an important supplier to the paints industry. In 1977 the company set up a port terminal in Mumbai able to handle ships carrying cargoes of chemicals. In 1981, AEGIS diversified further into manufacturing another speciality chemical: natural fatty alcohols based on vegetable oils. Again, AEGIS was a pioneer in manufacturing such chemicals in India and began to export to world markets in the US, Japan and Europe. Following liberalisation of the Indian economy in 1991, the logistics business saw major growth and it was decided to focus on this business and divest the bulk of the chemical manufacturing assets. The next phase of expansion came in 1994 when the Government of India began to liberalise the petroleum sector. Private companies became free to set up their own marketing operations in petroleum products. AEGIS set up, in association with Hindustan Aegis LPG Bottling Company Ltd (HALPG),India's first private refrigerated liquefied petroleum gas (LPG) terminal with know-how from Tractebel Gas Engineering of Germany. AEGIS became one of the largest private suppliers of LPG in India. AEGIS LOGISTICS has five businesses:
1. Tank storage and terminalling - port handling and storage of oil, chemicals and petroleum products.
2. Chemical distribution - sourcing, marketing and distribution of liquid and solid chemicals.
3. Gas storage and distribution - LPG import, storage and bulk distribution.
4. Petroleum distribution - sourcing, marketing and distribution of oil and petroleum products.
5. Logistics management services - supply chain management for customers using oil, gas and chemicals.
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