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, and addressed the unmet need for 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 the Netherlands. Pluss has received several awards and recognitions, including the CII Innovation award 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 has become a subsidiary of Carborundum Universal Limited (CUMI), a Murugappa Group company.