LGW Group came into existence way back in the year 1933, when Late Pragdas Gupta, a young man from Firozabad in Uttar Pradesh came to then Calcutta and made a humble beginning with his savings. He started the business as a wholesaler of various types of Glasswares, Glass based decorating items and Imitation Jewellery with a handful of clients under the name and style "Laxmi Glass Works."As the time progressed, Mr. Gupta expanded his business in diversified fields and started trading activities in plastic products of different kinds and variety. To give effect to his well thought of succession plan, Mr. Gupta, in a gradual process, passed on the management of the business activities to his only son, Late Kali Charan Gupta.

Though, Late Kali Charan Gupta was managing the business effectively his detoriating health conditions lead his eldest son, Mr. Sanjay Kumar Gupta,  shoulder the responsibilities at his early stage of adolescence at the age of 11 years managing the business operations and joined hand with his father to extend all the support and assistance required to take forward the business further. Mr. Sanjay Kumar Gupta had a strong and wide vision and the Company made a march forward in right direction with required perspective.

All other three sons Mr.Amit Kumar Gupta , Mr.Abhay Kumar Gupta & Mr.Pankaj Kumar Gupta gradually joined the family business, after the sad demise of their father his eldest son Mr. Sanjay Kumar Gupta assumed the leading role both in Family & Business. Backed with able manpower, collective wisdom, sustained effort of the promoters, mixed with visions, Organisational framework was established and the Company within a very short span of time graduated to the status of a Limited Company in stages from the Trading concern to proprietorship Company to Private Limited Company to Limited Company on 3rd August,1984 to keep pace with the economic and business scenario of the country. To meet increased business opportunities and commitments, especially with Bangladesh, Infrastructural facilities were developed to accommodate increased business initiatives for export of various other items like Chemicals, Minerals, Engineering goods, Food grains, Textile goods, etc.

In the mean time 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 it started generating huge demand for Indian Cotton yarn and fabrics which in turn created huge demand for various types of Indian Raw Cotton as raw materials. LGW exploited this opportunity to the maximum extent and became the number one Merchant Exporter in India for Cotton yarn. Gradually the horizon was expanded further and it started exporting Raw Cotton, Textile machinery and enlarged the export destinations from Bangladesh to several other countries like China, Egypt, Italy, USA & several other European Countries.