LIBRA, the holding company for the Wazir Group of Companies was founded in 1961 by Late Shri. Shyam Lal Wazir. The basic objective of the company was to promote various group companies as well as to represent overseas companies in India in the fields of Imports and Exports, Financial Services, Investments and Management Services.

LIBRA entered the manufacturing field in 1971 under the leadership of Mr. Surinder Wazir, a Chemical Engineer from University of Tulsa, Oklahoma, U.S.A. and put up its first Formaldehyde plant. The plant capacity was subsequently increased and the unit diversified into the production of Hexamine and later Para formaldehyde after developing its technology.

Due to in house experience of technology development, project implementation and management, Libra started a separate division “Libra Consultancy Services”(LCS) to cater to the business of technology transfer, engineering and related services. LCS initially concentrated on providing its technologies only to its group companies. However in 1993, M/s Saudi Formaldehyde Chemical Company Ltd., Saudi Arabia approached LCS for technologies for their future expansion and an MOU was signed. This gave an opportunity to LCS to expand the horizon of its activities to international clients.

Since then, Libra has supplied the technologies of Hexamine, Paraformaldehyde, Alcoholic Solution of Formaldehyde etc. to Saudi Arabia and China (through an Italian Company). Libra has also provided various other technical services to companies in Bahrain, U.A.E., Egypt, Iran, Italy, China and Saudi Arabia .

In 2005, Libra promoted a wholly owned subsidiary Libra Techcon Ltd. (LTL)

In order to meet the challenge of technology obsolescence and to foster innovation, Libra has constructed a state of the art R&D facility, located at Navi Mumbai. This research center has been operational since March 2005. Libra Techcon has been certified as ISO 9001:2008 (without exclusions) compliant in September 2009.

Today, Libra is a single window company dealing with Chemical Technology, Chemical processes & innovations, design, engineering services and project management for the client.