PACE Group was founded in 1977 by Mr. Dhiraj Bhimjibhai Mehta, graduate in mechanical and industrial engineering from the University of Michigan. Mr. Dhiraj Mehta recognized a need for innovative technology solutions that could improve business operations across multiple industries. Initially, he started a large manufacturing facility located in Andheri East, Mumbai. The manufacturing range included heat exchangers, pressure vessels, and compressed air products including aftercoolers, moisture separators, air receivers, air dryers, and filters.