Neelikon Dyestuffs was founded in 1983 by Mukund Turakhia and was incorporated into the present company in 1994, as Neelikon Food Dyes and Chemicals Ltd. Neelikon manufactures Colours from its plants in Dhatav - 120 km from Mumbai (formerly Bombay) and manages its business from its head office in Mumbai, India.

Neelikon has emerged as a prime manufacturer of high quality colourants (Colours, lakes & pigments) for the food, pharmaceutical colours, cosmetic colours, personal care colours and ink industries. It also produces specialty fluorescent Colours used in manufacturing of daylight fluorescent pigments and other specialty industrial applications. The majority of its production is exported around the world.