IVP is engaged in diverse fields including vanaspati and vegetable oils, foundry chemicals, industrial ceramics, spark plugs and silicon-based products. Formerly known as Indian Vegetable Products, this 68-year-old company has maintained a low profile despite being a leader in many of its products. Earlier a part of the Tata group of companies, it was acquired in 1983 by the Allanas, which has a presence in edible oils, meat, fish, food processing, leather tanning, cold storage and freezing plants, exports of agricultural products, chemicals, etc.