Founded in 1994, Pluss Advanced Technologies started with R&D and manufacturing of specialized polymers. In 2007 Pluss commenced development in the field of Phase Change Materials (PCMs) technology. In 2012, the company raised equity funds from Tata Capital Innovations Funds and expanded R&D, developed and commercialized first of its kind temperature control solutions using proprietary materials, addressed unmet need of temperature control across refrigeration, cold storage, cold-chain logistics, HVAC, and healthcare sectors. The company today has a global presence with its own subsidiary in Netherlands. Pluss has received several awards and recognitions, including the CII Innovation award twice, in 2014 and 2017. It has also received the Massachusetts Institute of Technology’s Innovators under 35 award, in 2016 and 2017. Since 2021, Pluss is a subsidiary of Carborundum Universal Limited (CUMI), which is a Murugappa Group company.