G Kuppuswamy Naidu, the founder of The Lakshmi Mills Company Limited establishes a small ginning factory at Naranapuram, Coimbatore with two Gins operated by bullocks for motive power.
The Lakshmi Mills Co. Ltd is founded with a registered capital of one lakh rupees. The main business is cotton ginning and trading.
GK Devrajulu (Kuppuswamy’s ﬁrst-born) is born on the 26th of October.
Pykara Electric Power comes to Coimbatore and brings with it the growth of textile mills in the area. G Kuppuswamy Naidu promotes Coimbatore Cotton Mills Ltd. at Singanallur in partnership with R Bheema Naidu, Rangaswamy Naidu and others.
He is also instrumental in promoting the Rajalakshmi Mills Ltd. At the 23rd Annual General Meeting of The Lakshmi Mills Co. Ltd., a proposal to construct a spinning mill with 11,600 spindles at Coimbatore is approved. The authorised capital is raised from 1 lakh to 6 lakhs.
The Coimbatore unit with 11,600 spindles begins functioning.
The Kovilpatti unit comes into production in Thirunelveli district. Initial spindleage is 7,776.
On the 17th of December, G Kuppuswamy Naidu passes on.
The Kuppuswamy Naidu Charity Trust is registered.
194 looms are installed at the Coimbatore unit and weaving begins.
The G Kuppuswamy Naidu Memorial Hospital for Women and Children is built in Pappanaickenpalayam, Coimbatore. United Bleachers Limited comes into existence.
Kovilpatti ‘B’ Mill is constructed and total spindles increase to 50,000. Mani High School (opposite the hospital) comes into existence.
The Palladam branch is started with a modern spinning mill with 22,000.
Lakshmi signs a partnership with Rieter, Switzerland. Lakshmi Machine Works is formed.
Lakshmi Card Clothing Limited begins operations.
The G Venkataswamy Naidu College (an arts college) begins at Kovilpatti.
Coimbatore Cotton Mills merges with The Lakshmi Mills Co. Ltd. and is called the Singanallur unit of Lakshmi Mills.
Loom division commences.
Suvin cotton cultivation begins.
Lakshmi Mills retail division commences.
Lakshmi Automatic Looms Limited is inaugurated.