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Bhagwat
Prasad Mittal (BM) is born as the second (surviving)
son of Shambhu Dayal, a landlord and a lawyer
by profession, at Bijnor, a small town in
Western Uttar Pradesh |
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BM (1923-2007),
founder of Group Aristocraft, graduates in
Mechanical & Electrical Engineering from
the Banaras Hindu University, Varanasi, Uttar
Pradesh |
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BM establishes
the Flowmore Group of Industries as its co-founder,
manufacturing heavy engineering equipment
required by the Government of India |
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Birth of
Aristocraft International Private Limited,
established to manufacture ready-wear garments
for catering to the International markets.
A small factory is set-up at Faridabad, Haryana,
for the purpose |
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Aristocraft
International is accorded a 'recognised export
house' status by the Government of India |
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Aristocraft
diversifies into the conversion industry,
custom-slitting delicate and narrow webs of
films, foils and laminates |
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Pioneering
efforts for the development of Security thread
for the Indian banknotes, as an import-substitute
begin |
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Anshu Mittal,
the second generation entrepreneur, joins
Aristocraft, simultaneously pursues under-graduation
at the Shriram College of Commerce, University
of Delhi |
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Anshu Mittal,
graduates from the University and joins Aristocraft
whole-time |
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Aristocraft
is successful in the development of Security
thread and is awarded its first large order
against a global tender for supply of security
thread for banknotes, by the Government of
India |
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Aristocraft
receives a request letter from the Government
of India, desiring it to develop new technology
security thread for the Indian banknotes.
Aristocraft accepts the challenge (opportunity) |
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Aristocraft
establishes an automotive component production
unit at Faridabad, Haryana |
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Birth of Flowmore Engineering Private Limited,
now FlowmoreBMG Autospace Private Limited
BM after a serious setback in health, retires
as an active entrepreneur, but continues
to mentor the group activities
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Aristocraft
successfully develops the new technology security
thread for banknotes and commences bulk supplies
to the Indian Government |
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Flowmore
Engineering acquires industrial land at Faridabad,
Haryana |
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Aristocraft
develops security thread for the Indian non-judicial
stamp papers |
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Aristocraft
enters into technical-collaboration agreement
with Papierfabrik Louisenthal, Germany, for
machine-readable security threads |
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A green-field
facility for the manufacture of machine-readable
security threads is created at Himachal Pradesh, and supplies are commenced |
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Demise of
Bhagwat Prasad Mittal |
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Expansion
of the automotive component division at Faridabad,
Haryana |
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