The company was originally established as a partnership firm in the name of M/S GARG RICE & GENERAL MILLS in the year 1974, with the following partners: I) SH. MUNNA LAL II) SMT. SUNEHERI DEVI III) SH. SHIV DHAN MAL IV) SH. HUKAMCHAND V) SH. SURESHKUMAR This partnership was formed under an oral agreement on 21-1-1974 which was executed vide a document of partnership deed dated February 2, 1974. The main object of the firm was to carry on business of running of rice sheller at Panipat. This firm took over the assets and liabilities of another Firm M/S GARG RICE INTERNATIONAL with effect from 10/11/94, as the partners of Garg Rice International were facing difficulty in getting the export orders due to lack of finance. The details of the assets and liabilities of M/s. Garg Rice International taken over by Garg Rice and General Mills, are as under: Liabilities Amount Assets Amount Partner's Capital 2065000.00 Securities 1300.00 Secured Loans 2176640.31 Advances to 670000.00 Suppliers Current Liabilities7777264.34 Closing Stock 11441186.58 Expenses Payable 96900.00 Cash & Bank 3318.07 Balance No consideration other then the credits to the partners capital account was paid for the take over. The partnership deed of the firm was modified from time to time and following were the partners in M/s Garg Rice and General Mills on 2-1-1995. I) SH. HUKAM CHAND GARG II) SH. ROHIT GARG Ill) SH. SUDARSHAN KUMAR BANSAL IV) SH. KARORI MAL BANSAL V) SH. SHIV NARAIN BANSAL VI) SH. AJAY KUMAR BANSAL VII) SMT.JUGPATI GARG The firm started its operations with one Rice Sheller of capacity 1 tonne Paddy per hour and increased its capacity to 2 tonns Paddy per hour in 1980. Till 1987-88, the firm was engaged only in processing of rice for sale in the domestic market. The firm entered the international market in the year 1988-89, when it started exporting to Saudi Arabia. For the year 1989-90 the firm achieved an export turn over of Rs. 184.73 lacs out of total turn over of Rs.247.41 lacs. For the year 1994-95 the firm's export turn over is Rs.1164.40 lacs, thus representing a growth of over 6 times in the export sales. The firm's brand name 'Kamdhenu' is registered under the Trade and Merchandise Marks Act, 1958 and has been alloted Trade Mark Nos. 516152.vide their letter dated September 4, 1989. The company has also been alloted Trade Mark Registration No. 648685 for its brand name 'CHEF' by the Trade Marks Registry, Bombay vide their letter dated December 14, 1994. GARG RICE & GENERAL MILLS was converted into a public limited company on 03-01-1995 under part IX of the Companies Act, 1956 and is registered as GRM Overseas Limited with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi. It obtained its certificate for commencement of business on 30-1-1995. GRM Overseas Ltd. took over the existing business of Garg Rice And General Mills at Book Value. GRM Overseas Ltd. has been promoted by Sh. Hukam Chand Garg, who is an experienced business man and is well versed with Rice trade. The Company is presently operating Rice milling unit with installed capacity of 2 tonnes per hour in Panipat. The Directors of the company have got the land & building of the Company revalued at Rs 2,10,36,260 vide valuation report no.KH/ PNP/95 dated 24/06/1995 by S.S. Khurana and Associates and accordingly made the revaluation reserve of 194.86 Lacs in the books of accounts. PRESENT BUSINESS The Company is presently engaged in processing of rice at Gohana Road, (Near Sugar Mills) Panipat, Haryana. It has two Plants of 1 Tonne Capacity each. The site is around one Kilometre from National Highway No. 1 G.T. Road. The unit is well equipped with modern machinery which is proposed to be further enhanced. The unit operated at a capacity utilisation of 32% in the year 1991-92 which nearly doubled to 68% in the year 1993-94. Presently the company is working at 80% capacity utilisation. 2004 -The company has recommended dividend @10% 2012 -The company has recommended dividend @ 20% 2013 -GRM Overseas Ltd has recommended dividend @20% 2014 -GRM Overseas Ltd recommended Dividend @ 20% -GRM Overseas Ltd appointed Kiran Dua, as Additional Director in Capacity of independent Director of the company. 2021 -The Company has issued Bonus Shares in the Ratio of 2:1. -GRM Overseas launches Ready-to-Cook Biryani Kit under its 10X brand. -GRM FoodKraft partners with Walmart for domestic market. 2022 -GRM Overseas launches packaged wheat flour under its 10X brand.