The Company was incorporated on 20th day of April, 1994 under the provision of Companies Act 1956 as a Public Limited Company for the objects set out in the memorandum of Association of the Company. The Company obtained the Certificate for Commencement of Business on 27th day of April, 1994 from the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh.

The main objective of the Company is To carry on the business of spinners, weavers, knitters, combers, manufacturers, producers, processors, importers, exporters, buyers, sellers of and dealers in all kinds of yarns and fibres whether synthetic, artificial or natural, nylon, polyester, acrylics, rayon, silk, artificial silk, linen, cotton, wool, Jute and any other fibre or fibrous materials whether synthetic, artificial or natural, textile substance allied products, by-products and substitutes for all or any of them and to treat and utlilise any waste arising from any such manufacture, production or process whether carried on by the Company or otherwise.