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In the year 1969, Mr. Mahendra C Shah started manufacturing Hypophosphite. He was the first one to do so in India. He built up a factory at Dombivali, near Mumbai in the name of Hypophosphite & Co. with the help of National Chemical Laboratories and a German scientist. This plant was the first plant in India to produce Hypophosphite Salts and Hypophosphorous Acid Handle, Hypophosphorous Acid Resin Grade Manufacturer , Yellow Phosphorous (P4) and Phosphine (PH3).

In the year 1984, Mr.Nitin Mahendra Shah had join and started a sister concern named NEEMCCO to expand the manufacturing business under the experience and guidance of Mr.Mahendra Shah with a vision of new technology. Hence they started adapting new technologies and started working with multinational companies. They have learnt that the needs of a small customer is equally important for them as MNCs are.