Standard Industries Limited (Erstwhile known Standard Mills Company Limited) was incorporated in January, 1892. In line with the diverse nature in business, the Company's name was changed from Standard Mills Company Limited to Standard Industries Limited in October 1989. Presently, Company is into Property Division (previously known as real estate). The Property Division comprises assets which are in excess of business needs, which the Company would liquidate based on market condition. Prior to this, the Company was engaged in manufacturing textiles, chemicals and garments. The Company was founded by J Davidsarson. In 1932, the management was taken over by the Mafatlal, and since 1979 it became a constituent of the Stanrose