The Comp. was incorporated on 24th January, 1994 as a Public Limited Comp. under the Companies Act, 1956 & it has obtained the certificate of Commencement of Business on March 18th, 1994 from Registrar of Companies NCT of Delhi & Haryana. The Comp. has been promoted by M/s. SMS Udyog Ltd for implementing the project for manufacturing readymade woollen [blendeds] suite jackete & trouserss] for men in technical collaboration with M/s. Samsung Corporation of Korea.
2000 - The Comp. has allotted [on private placement basiss] 10 lacs, 8% Cum.Red. preference shares of Rs 100/- each.