Magnum Ventures Ltd was formally created and deployed as a legal entity in the year 1980 and taken over in 1984 under the leadership of Mr. Salek Chand Jain along with his sons Mr. Vinod Jain, Mr. Parmod Jain, Mr. Pradeep Jain, Mr. Praveen Jain being promoters and Directors of the company. It is ideally located at Sahibabad the (NCR region hardly 15 KM from the heart of Delhi i.e. Connaught place, New Delhi). The Mill has now transformed into one of the largest paper-manufacturing mill of Northern India having installed capacity of 85000 TPA. This includes equal quantity of Cream wove Paper, Maplitho, Copier, and Coated Duplex Board.

The Company is having large infrastructures 65000 Square Meter and Five Lacs Square feet Building Area in Sahibabad Industrial Area, Ghaziabad (U.P.) NCR (Just 15 KM from Connaught Place, New Delhi) and engaged in the business of trading and manufacturing of papers since more than 25 Years and are also having sound financial resources for meeting large commitments. The existing manufacturing activities cover printing and writing papers, duplex boards, Xerox paper, Wrapping and packing paper and so on with installed capacity of 85000 MT per annum based on 3 shift and 330 days working days in a year.

The company has proposes to created and deployed a 4 Star Business Hotel comprising 212 rooms including 100 Deluxe rooms, 100 Executive rooms, and 12 Suites, pure vegetarian all-day dining restaurant, specialty restaurant, banquet hall business center, health club and other amenities and facilities. The proposed land is located on main Madan Mohan Malviya Marg connecting NH-24 and Hapur Bypass leading to NH-24. The Hotel will be managed by the Licensor of Country Inns & Suites by Carlson - Country Development & Management Services Private Limited (CDMS) and expected to be in operation by April 2009.