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"Since time immemorial Man has always strived and survived despite insurmountable odds. He has always stretched himself to the limit and with slow but steady modernization and upgradation of facilities / living conditions and in general other basic amenities, overcome all hurdles. Over the decades a few men have been gifted with the vision, the acumen and the instinct to lead others through the tunnel of darkness into light and have become pioneers in various spheres.
The origin of LGW organization goes back to the year 1933 when Late Pragdas Gupta, then a young man, came from Firozabad in Uttar Pradesh to Calcutta and started business in glass made products mainly imitation Jewellery in the name of "Laxmi Glass Works" under his proprietorship. Within a short time he made a strong foothold in his line of trade in Calcutta and virtually became the market leader. He expanded his business links with the erstwhile East Bengal, now Bangladesh, Prior to partition of Bengal during British regime. With the passage of time he also diversified into trading of plastic based products and gradually passed on the batton to his only son Kali Charan who learnt the art of business from his father and made substantial improvement in business before the demise of Pragdas Gupta. Unfortunately Kali Charan Gupta died prematurely leaving behind his four minor sons namely Shri Sanjay Kumar, Amit Kumar, Abhay Kumar and Pankaj Kumar and two minor daughters. As Kali Charan Gupta was not keeping good health, his eldest son Sanjay although in his teens had to join the business with his father. After the demise of Kali Charan Gupta gradually all other three sons joined the family business and initially converted the proprietorship firm to a partnership and subsequently converted to a limited company in the year 1984 to keep pace with the increased business, especially with Bangladesh after its birth as an independent country. It opened up vast business opportunities for export of various other items like Chemicals, Minerals, Engineering goods, Food grains, Textile goods etc. In the meantime Bangladesh became a major exporter of ready made garments and knitted fabrics to the European and American markets by virtue of being a non-quota country. In the process it started generating huge demand for Indian Cotton yarn and fabrics as raw materials. LGW encased the opportunity to the maximum extent and became the number one merchant exporter in India for Cotton Yarn. Gradually it started exporting textile machinery, raw cotton also and enlarged the export destinations from Bangladesh to several other countries.
BUSINESS HISTORY PRESENT TREND, GROWTH PROSPECT AND FUTURE PLANNING OF OUR COMPANY
Prior to partition of Bengal during British rule the firm was having regular business links with the erstwhile East Bengal in undivided India as a domestic supplier from 1933-1947. The original business of the firm was in the area of jewellery various types of plastic goods including imitation jewellery etc in which the firm was a market leader in Calcutta. After birth of Bangladesh as an independent country, the firm started exporting its items to that country since 1973 and gradually made strong foothold in the Bangladesh market and also started export of various other items like Chemicals, minerals, engineering goods, and textile goods as merchant exporter. In the meantime Bangladesh become a major exporter of readymade garments and knitted fabrics to the European and American Markets by virtue of being a non quota country .In the process large scale modern production units for readymade garments/knitted fabrics came up in Bangladesh who started generating huge demand for Indian Cotton yarn and Fabrics as Raw materials for ultimate export of finished goods (Readymade garments) from Bangladesh to European & American Markets.
The Directors of the Co visualized the enormous opportunities for export of Cotton yarn from India and slowly started export of Cotton yarn since 1988 to Bangladesh .By 1990 the Co established its presence as a major supplier of Cotton yarn to all the reputed manufacturers/exporters of garments in Bangladesh.
The experience gained by its directors in textile items prompted them to plan for taking up manufacturing of yarn by setting up of a compact Spinning Mill in West Bengal so as to market the LGW brand in the ever going cotton textile market in the world. With this end in view "LGW Industries Ltd" was established in the year 1998 with the ultimate objective of setting up a compact Spinning Mill in West Bengal. To activate the new company, a major portion of the yam export port folio was passed on to them so that it can shape up its own identify under the leadership of Shri Abhay Kumar Gupta who as director of LGW Ltd developed the cotton yarn & raw cotton export business and made LGW Ltd a top merchant exporter of cotton yam in India and received the following prestigious awards.
