Incorporated as Moon Flower Pvt Ltd in Jul.'93, Gold Multifab became a public limited company in May '95 after which it acquired its present name. It was promoted by Vivek Bhatia and Pushpadevi Bhatia. The company undertook a project to manufacture jacquard woven furnishing and curtain fabrics which are used as upholstery materials and furnishing materials, with an installed capacity of 15.47 lac mtr pa. The unit is located at Karanj, (Surat district), Gujarat. It came out with a public issue of 27,50,000 equity shares of Rs 10 each for cash at par aggregating Rs 2.75 cr in Feb.'96, to part-finance the project. Phase-I of the project has already been implemented.