Our Company, Oswal Woollen Mills Limited (OWM), is the flagship company of the Nahar Group of Companies (the Nahar Group). The Nahar Group is an industrial conglomerate based at Ludhiana in Punjab. The Nahar Group is one of the oldest and well recognized business houses in India. Our Company was incorporated in 1949 by Late Mr. Vidya Sagar Oswal, father of Mr. Jawahar Lal Oswal, our present Chairman and Managing Director. Our Company is one of the pioneers of the organized Indian woolen hosiery industry. We made a modest beginning as a manufacturer of hosiery items, which was followed by setting up a worsted woollen spinning plant of 800 spindles in 1954 to serve as a backward integration of the then existing manufacturing activities. We believe that this worsted woollen spinning plant is one of the first worsted woollen spinning plants in the Northern India.