Pappilon Exports (PEL) was incorporated on 13 Jul.'89 as a private limited company, and became a public limited company on 1 Jul.'93. The company was promoted by K B Sasidharan and Mohan Gupta. Other group companies are Kadambatt Exports, Pappilon Processing Mills Pvt Ltd, Pappilon Knitwear, Essgee Fashions, etc. Sitaram Gupta is the chairman and Mohan Gupta, the managing director. PEL came out with a public issue of 22 lac equity shares (premium : Rs 40), aggregating Rs 11 cr, in May '95, to part-finance the cost of the project, to meet long-term working capital, etc, at a project cost of Rs 15 cr. The company manufactures and exports cotton knitted garments, and T-shirts, polo-shirts, pyjama sets, skirts, etc. PEL markets its products through a mix of wholesale importers, chain stores, departmental stores and retail outlets. Since its inception, PEL exports its entire production to the US, Germany, the UK, France, Spain, Italy, etc. The company proposes to expand its activities and equip itself with the modern technology. PEL was ranked 24th in India and 3rd in Tripura in terms of exports in 1993, by the Apparel Export Promotion Council. Total exports in 1993-94 were Rs 22.26 cr.