It is a listed company at Bombay Stock Exchange incorporated under the Companies Act, 1956 by Registrar of Companies, Delhi & Haryana in the year 1992.
The company has been promoted, mainly, by Mr. V.K. Mittal , Managing Director - a Mechanical Engineer with M.Sc. (Physics), M.Sc. Mech. Engg. specialization in Machine Tools from Moscow. He has worked at senior position in TELCO for more than a decade. He started working on import-substitution of lubrication systems for machine tools in 1977 and has been instrumental in making the company a profitable concern in this field. In recognition of his capabilities, Haryana Government bestowed "Prize for Enterpreneurship" on him for 1987 - 88. He has widely travelled overseas and is fully aware of the latest trends in this field.