The Company was originally incorporated as Parasnath Textiles Limited (PTL) on 12th November 1982 with an object to carry on the business of manufacturers and dealers in textiles, investment /trading in Shares & Securities etc. Through an open offer PTL was acquired in February 2011 by Luhruaka Sales & Services Limited (LSSL), with a view to invest, incubate in corporate opportunities and also provide extensive insight and support on the development of the existing business of PTL.