The Company was incorporated as a public limited company on 27th June, 1882 under the Indian Companies’ Act, VI of 1882. The Company was issued a fresh Certificate of Incorporation dated 30th August 1948 by the Registrar of Companies, Bombay, Maharashtra after Independence. The Company is amongst the first few companies listed on the Bombay Stock Exchange.
The Company, after incorporation, was pursuing the business of manufacturing and trading of Bags products in Mumbai (Bombay) and other parts of India. Some of the dispensing outlets of the Company had become landmark locations e.g. Kemps Corner at Mumbai.