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Piyanshu Chemicals Pvt Ltd. was started as a Proprietary concern in 1969, by Mr. Ram Krishna Kejriwal in Kolkata to manufacture driers and other additives for the paint industry. In 1986, another unit was set up in Kalyani in West Bengal to add to the range of products by manufacturing alkyd resins and varnishes.

In 1992, the unit was converted from a Proprietorship Organization to a Private Limited Company. To enable the company to grow and have a diverse manufacturing base, a facility was setup in Hyderabad in 1993. Further expansion took place by setting up a unit in Punjab in 1999, and another unit in Indore in the year 2000, to enable it to meet the growing requirements for its products across the country.

To become cost-effective the company went for re-structuring in 2001 by shutting down their old unviable units in West Bengal and enhancing their capacities at other locations.