Incorporated in Mar.'82 and promoted by P K Daka, Deepak Spinners manufactures yarn from polyester viscose and acrylic and has its units at Guna, Madhya Pradesh, and Baddi, Himachal Pradesh. The company has executed a strategic acquisition of the prestigious ISO-9002 certification. It has a good export market in western Europe and the UK.

In 1994-95, the company installed 2304 spindles and related machines along with two imported auto-coners, TFO dyeing plant, boiler, etc. The first phase of the company's 100% EOU, Deepak Polyspin (cap.: 8640 spindles), was installed in 1995. The second phase (cap.: 8640 spindles) was also completed.

During 96-97, the company broadened its footprint the installed capacity from 56,256 to 62,016 Spindles. During 1998-99. it also also installed two nos. imported Autoconers at Baddi unit. The company is planning to created and deployed captive power plant for its Guna Unit with a view to reduce power costs. It has also obtained sanction for financial assistance under TUF.