Asha Penn Color Pvt. Ltd. (APC), Mumbai, India, Manufacturer of Pigment Dispersions and Color Concentrates is a Joint Venture between Asha Dispersions Pvt. Ltd. of Mumbai, India and Penn Color Inc. of Doylestown, PA, USA. Asha Dispersions Pvt. Ltd., a member of the Asha Group of Companies, prior to the Joint Venture, was a major Manufacturer of Color Chips and Dispersions for Printing Inks, as well as Paints, Wood Lacquer and Cosmetics with distribution channels in India, Africa, Far East, Middle East and Europe. Asha Dispersions Pvt. Ltd. was founded in 1998 with it's manufacturing unit located in Valsad, India. It was one of the major International producers of Pigmented Chips mainly based on Nitrocellulose besides other resins like Polyamide Vinyl and PVB.