Canpex Machines is a division floated by Canpex Group of Companies based in Pune. The flagship company "Canpex Chemicals" manufactures and markets 'Guanidine Nitrate', a vital catalytic chemical used in explosives. With a capacity to manufacture 4000 M.T. of Guanidine Nitrate at its plant in Pune, Maharashtra, Canpex Chemicals is the world's largest producer of Guanidine Nitrate.

Canpex Group has transactions with countries like China, Japan, Germany, Hongkong, South Africa & USA.

Canpex Group Companies deals in importing ammonium nitrate, coal, dicyandiamide and hydrogen cyanamide catering to customers in India.

The Group has a scientific and Industrial Research Organization also namely Shraddha Industrial Research Foundation Pvt. Ltd. This organization is engaged in development of technologies for various products, mainly import substitutes. Few of these products include dicyandiamide, Cyanuric acid, hydrogen cyanamide, vanadium pentoxide and metformin hydrochloride. Many scientists are engaged in R & D work in this company located at Pune.