Surya Industrial Corporation Ltd was originally incorporated in the name of Upayan Exports (P) Ltd. on 13.12.1988 under the Companies Act 1956. Subsequently the company was converted into Public Limited Company on 1st November, 1994, and therafter its name was changed to Surya Industrial Corp. Ltd on 24th November, 199 vide ROC, Kanpur Certificate No.20-10285/1043 dtd. 24.11.94. The company has changed ifs name to Surya Industrial Corporation Ltd., as its wholly owned subsidiary's product, viz. tyres, brand name "Sury" has been relatively established and and has also been registered. Further, as the company is setting up a unit to manufacture tyres, and as these tyres are also proposed to be marketed under the "Surya" brand name, it was thought logical to change the name of the company to Surya Industrial Corporation Ltd. The company is engaged in the manufacture of electrical laminations and toroidal cores, which are used in electrical transformer and panels, commenced commercial operations from March 1990 (Unit 1). In 1993 another unit identifiable as Unit II, commenced production. The machines of unit I were transferred to SICL's unit called Bharat Vidduit Unit in January, 1995. The company has been an industrial supplier to reputed transformers and panels manufacturers in North India like, Electra (Jaipur) Ltd., Uptron Powertronics Ltd., Model Transformers (P) Ltd., etc. The company took over M/S Bharat Vidduit, a group firm engaged in the manufacture of electrical laminations at B-9 Industrial Estate, Partapur. Meerut since 1981, at a total consideration of Rs.23.01 lacs vide sale agreement dt.12.09.94. M/s. Bharat Vidduit is also engaged in the manufacture of electrical laminations for electrical transformer and panels. The company purchased the unit owned by Sh.Vikas Jain (one of the main promoters) and Smt. Jaya Jain, partners in the firm, to take the benefit of economies of scale and synergise the operations in both the units and remove clash of interests between the units. The sets of Bharat Vidduit have not been revalued before the takeover. However, a premium of Rs.9 lacs (total consideration paid less net a sets as per Audited Balance Sheet dtd. 31.8.1994) was paid as good will to the partners of the firm. SICL (previously called UEPL) earned a profit after tax of Rs.1.54 lacs. Rs.1.85 lacs, Rs.2.11 lacs, Rs.7.52 lacs for the years 1990-91. 1991-92, 1992-93, 1993-94 (15 months) respectively. SICL's profit from Unit II and Bharat Vidduit Unit for the period ended 31.03.1995(9 months) was Rs. 2.80 lacs. 2012 -The Company appointed Mr. Vivek Jain as Chairman of the Board by the Board of Director of the Company. 2013 -Surya Industrial Corporation appointed Mr. Mukhtar Singh as Additional Director of the Company. 2014 -Surya Industrial Corporation Appointment of Mr. Pratikkumar Mehta as a Compliance officer of the Company. 2019 -Company name has changed to Equilaterial Enterprises Ltd. from Surya Industrial Corporation Ltd..