Borax Morarji Limited (BML) was incorporated on August 27, 1963. It was originally promoted jointly by the Dharamsi Morarji Chemical Co. Ltd. (DMCC) a large scale fertilizer and Chemical manufacturer and Borax Holdings Ltd. (UK). DMCC is a company incorporated in 1919 and has a turnover of over U.S.$70 million. In 1979 DMCC bought over the share of Borax Holdings Ltd.