I. R. Tubes Pvt. Ltd. started in 1981 as a manufacturing unit for rubber extruded and Rubber moulded goods at Kharadi, near Pune. In 1991, when the Government of India liberalised the economy, I. R. Tubes Pvt Ltd. decided to diversify and set up a trading division. Even in trading, the company decided to stick to its core competency: rubber compounding & rubber processing. They decided only to import stock and sell chemicals for the rubber industry and source them from high-quality manufacturers.