Industrial Associates was founded in 1969 by Mr. Vijay Kumar Agarwal and Mr. Sushil Kumar Agarwal. The company was initially started as a refractory trading company serving all the major industries. The company formulated key partnerships with companies such as TATA Refractories , Hyderabad Industries Limited which exist even today. Over the years the company has branched out into manufacturing of their own branded products which are now being supplied to all the major customers through the country and overseas.

The company enjoys two manufacturing facilities in Ranigang and Jalan  Complex and together has a manufacturing capacity of over 25,000 MT / year of refractory bricks and monolithics.

Along with this the company has also entered into turnkey execution for various applications such as insulation , anti-corrossion , Rubber Lining , FRP Lining , Epoxy Coatings , Technical Ceramics and enjoys a large customer base for all the above throughout the country.

Apart from the above the group has entered into other diverse activities with its associates.

In 1988 the group with its close partners founded the company Associated Industrial Furnaces (www.associated-furnaces.com) which is a major player today in turnkey execution of large projects for the ferrous and non-ferrous sector.

Additionally, in 2005 the group with its associates bought Nilachal Refractories Limited NRL (www.nilachal.in) from the BIFR board which was an erstwhile TATA Group company. NRL is a major player in the refractories industry catering to both domestic and overseas customers.

In addition to the above the group has a substantial business emerging in India’s ever-expanding retail footprint with active ownership and management of multiple franchisees of Raymond and Tanishq in Kolkata, Varanasi and Midnapore.

Apart from the above the group has major investments in real estate assets across Kolkata, Varanasi, New Delhi and Agartala.