Incorporated in Jul.'73 as a private limited company, Bholanath International (formerly Bholanath Carpets) was promoted by Bholanath Baranwal. The company initially started to manufacture and export carpets. Subsequently, it covered all items of floor covering -- dhurries, rag-rugs, jute mats, rubber mats, etc. The woollen and cotton dhurries were earlier manufactured by the associate concerns of the company. These were transferred to the company with effect from Jan.'95. BIL has above 10 production centres covering 2190 looms with an installed capacity of 72,000 sq mtr pa. BIL tapped the capital market in Apr.'95 to part-finance its Rs 6.31 cr expansion and modernisation project to upgrade its existing facilities at Bhadohi, Uttar Pradesh. It also proposed to diversify into trading of leather products, terry towels, fabrics, etc. In 1996-97, the company entered into a financial cum technical joint venture with VDE, a BEF 1500 Mlns. turnover company engaged in business of spinning of wollen yarns in Belgium.