Lalbhai Popatlal, the patriarch of the LP Group, started supplying threads for bidi in 1950s.
LP Group has grown to become a 2500+ crore conglomerate with business across all verticals viz trading, manufacturing, distribution, digital and retail.
A family run textile powerhouse evolved from values since 1950 and has grown on the strength of a team driven by passion.
The philosophy on which the “business” follows relationship has been passed on from earlier generation to the next generation.
Buys over 100% of AENCO Housewares Pvt. Ltd. and renames the company as Acme Housewares India Pvt. Ltd. Also buys over 100% of Acme International Ltd which enters into new product categories of Finished Fabrics, Home Textiles and Garments . Starts Bangladesh office. Exports grow to 40 countries worldwide. Acme Cotsyn expands weaving capacity to 78 Picanol machines.
Achieves second landmark crossing sales of Rs. 2000 crores. Casa Copenhagen Brands Ltd formed – Group launches various brands – Sofie and Sam (kids garments), Eera (leggings), Beau (ladies garments), Kitchen Kemistry (housewares), Cocktails & Dreams (barware), and Norman Junior (accessories).
Acme Cotsyn weaving division undergoes modernization with old machines discarded and 30 Tsudakoma Airjet looms added taking the facility to 30 air jets and 44 rapiers Acme Cotsyn expands further diversifying into knitting, setting up Greenfield Factory of 12 knitting machine with capacity of 150 tons per month in grey and dyed knitted fabric.