Incorporated as a private limited company in Aug.'83, Gupta Carpets International was converted into a public limited company in 1993. It was promoted by Kishan Chand Gupta, Vidya Sagar Gupta, Moti Lal Gupta and Sunil Gupta.
The company made its maiden public issue in Feb.'94. It is engaged in the export of hand made/knotted and tufted carpets, druggets, readymade garments / hosiery and bath rugs. It also deals in wool, yarn and carpets in the domestic markets. It has 355 looms located in the house of the weavers in the villages. Its factory premises at Amritsar is used only as a packaging unit. The company has a showroom-cum-godown in Safdarjung Enclave, New Delhi.
In 1995-96, the company diversified into export of readymade garments and hosiery. It also diversified into the manufacture of cotton bath rugs. It came out with a public issue in Mar.'96 to set up an EOU in Amritsar to manufacture cotton bath rugs.
The company earned foreign exchange worth Rs 7.81 cr in 1995-96.