Mr. C.A. Harischandra founded the Company in 1943, Matara, Sri Lanka, with an initial capital of R.S. 25,000/- on a land area of 20 perches.
The first activities of the Company were the milling of rice, kurakkan and other grains. By 1952, the business had expanded into various other fields including the milling of coconut oil.
The business carried out by Mr. Harischandra was incorporated in Sri Lanka under the Companies Ordinance No. 51 of 1938 on the 9th day of January 1953.
In addition, being a pioneer industry in the south of the country, the Company became a pioneer in another field by allotting in 1959 forty percent of its shares to its employees.
In 1983 the Company was listed on the Colombo Stock Exchange.
The Company at present, is the market leader in the sales of noodles, coffee, kurakkan flour, ulundu flour and has an appreciable market share in rice flour, laundry bar soap and blue washing soap.