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The Company was initially incorporated on 31-03-89 as Private Limited Company for taking over the business of M/s.Divya Enterprises, a partnership firm which was engaged in Civil Construction activities from 1976. It was decided to stop the construction activities and set up a manufacturing unit for terry towels at Jeedimetla, near Hyderbadcity(AP) and commenced commercial production in August 1990. The Present istalled capacity of the unit is 257 TPA. The cost of the existing unit of Rs.196.86 lakhs was financed by promoter's funds of Rs.73.56 lakhs. APIDC tem loan of Rs.68.00 lakhs and APSFC term loan of Rs.55.30 lakhs. The company was converted into a Public Limited Company with effect from 5th August 1992.