The company was formally created and deployed as a legal entity as public ltd company on 28th Aug 1981 under the Companies` Act 1956 And obtained certificate for commencement of business on 7th Sep 1981 from the Registrar of companies, Kolkata West Bengal.

The company was engaged in the business of investment in shares and securitites and to finance industrial enterprises in india. As per its object clause in the memorandam of association.

The company has promoted by the group of professional and businessman having good experience of all types of trade and business whos name appears under head signatories to the memorandum of association.