The Company was promoted by the Rayanis with trading experienceof over three decades in the industry.Panama Petrochem was incorporated in the year 1982 as a privatelimited company at Ankleshwar registered with Registrar ofCompanies Ahmedabad Gujarat with an Equity Capital of Rs.1500000 for manufacture and marketing of Petroleum SpecialityProducts namely Agricultural Spray Oil Dewatering Fluid andLiquid paraffin (I.P.) (Light). It was converted into a PublicLimited Company on 6th December 1993. The company sells theirproducts under the Name ''PANAMA''. The installed capacity as on31.03.94 was 4300 K.L.
| Name | Position |
|---|---|
| Mr. Amirali E Rayani | Executive Chairman |
| Mr. Samir A Rayani | Managing Director & CEO |
| Mr. Hussein V Rayani | Joint Managing Director |
| Mr. Amin A Rayani | Executive Director |
| Mr. Kumar Raju Nandimandalam | Ind. Non-Executive Director |