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