The Indian plastics industry made a promising beginning in 1957 with the production of masterbatches. Thereafter, significant progress has been made, and the industry has grown and diversified rapidly. The industry spans the country and hosts more than 2,000 exporters. It employs about 4 million people and comprises more than 30,000 processing units, 85-90 per cent of which are small and medium-sized enterprises. Among those MSMEs, there is a supreme company called Universal Masterbatch. Universal Masterbatch entered the field of manufacturing masterbatches of Polyolefins, PET, PVC, Pre Dispersed Pigments, Universal Colour Concentrates, and Water Soluble Pre Dispersed Pigments back in the year 1989.