The Company is promoted by Mr. G. S. Gupta, S. S. Gupta and M/s. Pasari Exports Pvt. Ltd. Mr. G. S. Gupta, a Post Graduate in Commerce, aged around 50 years, is the main promoter of the company. He has 31 years of experience in the business of textiles. He was heading export divisions of leading export houses, viz., M/s.Indian Overseas Corporation, Calcutta and M/s. Eastern Silk Industry, Calcutta for more than 16 years. He launched a partnership firm under the name "PASARI EXPORTS" for manufacture and export of silk fabrics, cotton yarn etc., in 1976 and since then, M/s. Parasi Exports have taken giant strides in Export sales mainly to UK, USA, Korea, Taiwan, Japan, Australia, Singapore etc. The firm was converted in to a Private Limited Company in April, 1992. Mr. S. S. Gupta, a Commence Graduate is another Director of the Company and younger brother of Mr. G.S. Gupta. After Graduation, he joined M/s.Pasari Exports in 1976. He looks after the marketing activities of the company and has travelled widely throughout the world for export promotion of company's products. M/s. PASARI EXPORTS PVT. LTD., CALCUTTA, is in the textile business for nearly 17 years. M/s.PASARI EXPORTS PVT LTD. is one of the leading EXPORT HOUSES of the country, recognised by GOVENMENT OF INDIA with an annual export turnover of Rs.5.11 crores & net profit of Rs.1.22 crores for the year 91-92. This represents an increase of 65% in terms of sales turnover and 400% in terms of net profit over the figures for the year 1990-91. The Company was incorporated as Public Limited Company on 25th November, 1991 under the Companies Act, 1956 and obtained Certificate for Commencement of Business on 30.01.92. The immediate object of the company is to set up a cotton spinning unit with an installed capacity of 5760 spindles for the manufacture of combed and carded varieties of cotton yarn. To establish, run and maintain a textile mill, spinning, weaving, dyeing and printing Factories, conventional or modern using cotton, silk, wool, polyester fibire or any other raw material that is already in existance or that may be invented in the future. To import Textile Machinery, Raw materials, Components and spares for the use in this Company or for trade and to export them as well as the finished products and to act as import and export agents for such trade. To carry on all or any of the business of silk mercers, silk weavers, cloth manufacturers, hosieries, carpet makers, importers, exporters and wholesale and retail dealers of and in textile fabrics of all kinds. To cultivate, buy, sell, deal in raw or finished cotton, wool, silk, synthetic fibires, jute and other fibrous substances and their fabrics and to prepare, spin, weave, bond, clean, press and pack the same and sell materials so manufactured. To manufcture, wash, clean, purify, scour, bleach, dry, iron, dye, disinfect, renovate and prepare for use all articles of wearing apparels, household, domestic, industrial, linen, cotton, fibre and woollen goods and clothing and fabrics of all kinds. 2012 --Registered Office of the Company has been shifted from, 746/10, 7th Cross, 12th Main Road, Hanumantha Nagar, Bangalore - 560 019 to No.18, 3rd Floor, Anjaneya temple road, Yediyur, Jayanagar, 6th block, Bangalore - 560082.