The cashew industry in India is one of the country's few traditional industries, with a history dating back over 150 years. The cashew industry is an export-oriented traditional industry that contributes to the country's gross domestic product by generating foreign exchange. It is mostly an agro-based, export-oriented traditional sector that employs thousands of people, and around 94 percent of industrial workers are women, making it even more significant.Kerala accounts for around 11% of cashew output and 35% of all cashew processing units in India, with the Kollam district serving as the centre of the cashew sector in Kerala.

In the Kollam area alone, there were about 2.5 lakh employees directly involved in the sector, with 95% of them being women from economically and socially disadvantaged backgrounds. Capex was founded in the early 1980s in response to the significant issue of high unemployment, with the objective of creating job opportunities in the cashew business, especially in rural areas. Capex believes in developing the potential and progress of their employees that demonstrate remarkable performance. Capex takes enormous pride in keeping ancient cashew methods of processing that define quality.

The Kerala government created the framework for Capex by purchasing the dormant cashew factories. With an unbroken dedication to its staff of over 4,500 devoted workers, Capex's focus has always been on the payment of fair wages and prompt incentives, so cultivating a supportive and empowering workplace. CAPEX, on the other hand, has the primary goal of commercially organizing the cashew industry in the state, procuring and distributing raw nuts, assisting affiliated societies and making funds available for the processing and marketing of kernels and other items produced in affiliated societies' factories.