Incorporated on 18 May '94, Ushdev Trade and Finvest (UTAF) is managed by Vijay D Gupta, the Chairman and Managing Director. It has one subsidiary, Ushdev Securities._x000D_ _x000D_ UTAF came out with its maiden public issue of 17.5 lac equity shares aggregating Rs 1.75 cr in Dec.'94. _x000D_ _x000D_ It has executed orders worth for 100% cotton terry towels valued at Rs 9 cr. The subsidiary is being engaged in the business of investments in securities. _x000D_ _x000D_ In 1996-97, the company set up a 100% wholly owned subsidiary in the Caymann Islands, named Ushdev International (Cayman) Ltd with the approval of RBI. It has also commissioned a 2.5 MW Wind Mill Project for generating electricity at Naranapuram in Tamil Nadu._x000D_ _x000D_ The company is in the process of entering into Information Technology Business and developing a complete Business to Business (B2B) Exchange and this portal would be the first of its kind in the world._x000D_