Nova Petrochemicals Ltd. - an association between Chiripal Group and Gupta Group was incorporated in February 1993 and the commercial production began in January 1995. Today it has grown to a size of Rs.500 crore company. Nova manufactures Partially Oriented Yarn, Micro-Filament yarn, Draw Twisted yarn, Texturised yarns and Fully Drawn yarns.

In 1999, in keeping with its philosophy to exceed its own performance, 10 end parallel spinning lines from Barmag AG, Germany, were installed in the plant to manufacture micro filament yarn and since then it has gone ahead with its expansion drive and reached a production capacity target of 200 MT/Day.

In keeping with the entrepreneurial and growth-oriented philosophy and attitude of all the divisions of the group, Nova also had plans chalked out for tomorrow. Founded on a set of guiding values and principles, they foster an environment to inculcate and sustain company values in every aspect of company organization. They expect company associates to operate in an honest and ethical manner, with a consistently high standard of integrity in all relationships with customers, governments, and the general public.

Direct access and integrated communications, significantly enhances Nova's ability to optimize operations and effectively meet commitments like timely delivery and flawless products. Experience of processing various fabrics greatly enhances the ability to set yarn parameters which deliver high quality standards which intern allows us to export a major part of they products to large number of destinations like Turkey, Spain, Italy, Germany, Peru, Tanzania, Brazil, Israel, France, Portugal and Middle East. This is a clear indication of the acceptance of company product in the international market. Needless to say, the quality standards are extremely high.