Incorporated in 1993 as a private limited company, Parmeshwari Silk Mills (PSM) was later converted into public limited company in 1995. The company was promoted by S Parmjit Singh, S Jatinder Pal Singh and Mrs Prabhpreet Kaur. It is managed by Jatinderpal Singh. Presently, The company is engaged in the manufacture of textiles suiting & Shirtings. PSM came out with a public issue of 15,60,000 equity shares of Rs 10 each for cash at par aggregating to Rs 1.56 cr in Feb.'96 to finance its expansion plans to increase the manufacturing capacity of textile suitings and shirtings from 3,84,000 & 4,32,000 meters per annum to 9,60,000 & 6,12,000 meters per annum respectively.