H. S. India Ltd., formerly known as Hotel Silver Plaza Limited was incorporated as private limited on 12th September, 1989. It was converted into a public Limited company on 27th April, 1992. The company belongs to the Bansal group of companies which is part of Karishma group. Hotel Silver Plaza Limited was originally promoted by Shri R N Thesia alongwith Shri P R Bansal and Shri Suresh T. Patel. Shri P R Bansal is now the main promoter of the company. The company set up a 3 Star Hotel having 106 rooms at Surat and the operations was started in 1998. The total cost was Rs.1535 lacs. The company is also exploring all possibilities for going into Information Technology (IT) related to hospitality and tourism industry.