The company was incorporated on 8th March 1933 as The Phaltan Sugar Works Limited with objective of operations in sugar industry. The Phaltan Sugar Works Limited then diversified in textiles, chemicals, food and food processing industry. In 1981-82 the sugar factory was sold off to the local management and the name of the company was changed to Apte Amalgamations Ltd. on 16th June 1982. The Company then took up various projects like chemical unit for manufacturing Sulphamethoxazole. The Company acquired Swastik Textile Mills in the year 1981,a process house which continued operations till the year 1986 - 87, when the operations of the mills were closed. The Company then closed down its other plants and wound up all other activities as they became operationally unviable. The company thereafter has been selling the Swastik Mill land in piecemeal to different individuals over a period of time for further development. The company is presently in a small way in trading of securities, and exploring the economic and financial viability of carrying out some development activity on the land owned by the company. Vision of the Company It is a vision of Apte to create a brand image for Apte that evokes a sense of awe, blind faith and inspiration and to achieve for itself the position in the industry. Creating and multiplying wealth of the company with continuous expansion for a better future of all stakeholders. To achieve aggressive and profitable growth of our businesses and initiated new businesses. To have a PAN India presence. 2013 -Apte Amalgamations Ltd has informed that changing the name of Company from "Apte Amalgamations Limited to Emerald Leisures Limited". 2021 -The Company has splits its face value from Rs. 10/- to Rs. 5/-.  2024  -The company issued rights shares of Rs. 5 in the ratio of 2:1 at a premium of Rs. 7.5 per share.