Water-insoluble lipopathic dichromates have been successfully solubilized in aqueous phase by the entrapment of their hydrophobic tails in β-cyclodextrin (β-CD) non-polar cavity. Aqueous solubility of α-, β-, and γ- cetylpicolinium dichromate (CPDC) molecules, synthesized in our lab, has been studied to find their suitability for Cr(VI) oxidation purposes in water medium. The analysis of phase solubility shows the existence of a Bs type curve and its significance has been fully deciphered through dynamic light scattering (DLS) analysis. The limiting concentration of β-CD up to which it can induce 1:1 host-guest complexation with the CPDC entities, has been determined and the stoichiometry has been confirmed from Job’s plot. The binding constant and complexation efficiency of the β-CD-CPDC complexes have been determined and temperature effect on these parameters has been discussed through thermodynamic calculations. Analyses of viscosity variation of the aqueous solutions of the complexes have been done and correlated with the solubilization phenomenon.