Two Brothers, Sri Nathmall Saraf & Sri Girdharilal
Saraf dealing in Steel products started a small factory
in Howrah, West Bengal manufacturing buckets & trunks
for the domestic market. Gradually, word about the product
quality and the firm's goodwill spread overseas.
This opened up the export market and the Sales of 'Nathmall
Girdharilal' or N.G. Steels as the entity was known
sky rocketed. With export sales and overseas business
exposure the firm also commenced importing steel goods
and the saga of Steel trading began.
However as growth was limited from the Steel business
the family moved in to different businesses and the Mumbai
faction of Mr. Nathmall Saraf headed by his son Mr.
Nar Narayan Saraf, realised opportunities in real
estate and financial services.