Unik Chemical Industries was founded in 1964 by the late Mr. Vijay B. Paralkar when he launched KEROSOL - an additive for kerosene oil. The product was targeted mainly at the domestic users of kerosene stoves, then widely used in India. Mr Paralkar had extensively researched the chemistry of combustion and additives and he is the pioneer in the field of fuel additives in India. He had presented several research papers at such prestigious fora as the Bombay Productivity Council, The South India Fuel and Steam Users' Association and the Indian Institute of Technology (Bombay).