Incorporated as a private limited company in May '88, Sybly Industries Ltd formerly known as Sybly Spinning Mills was promoted by Satya Prakash Mittal, Mahesh Chand Mittal and Umesh Kumar Mittal. It became a public limited company in May '95. Its manufacturing units are located in Ghaziabad ditrict of Uttar Pradesh. The company started with the manufacture of mercerised cotton yarn with an installed capacity of 240 tpa. Commercial production commenced in Oct.'89. In 1991-92, first expansion was carried out to enhance the installed capacity to 660 tpa. A project to manufacture cord yarn with a capacity of 660 tpa was undertaken by the company in 1994-95. Commercial production of cord yarn commenced in Mar.'95. In 1995-96, the company expanded its activities by going in for backward integration to manufacture cotton yarn for captive consumption. It came out with a public issue in Dec.'95, to part-finance the project. During 1996-97, it expanded its capacity by 3024 spindles to 8424 spindles. The company has decided to diversify into manufacturing of polyester yarn instead of cotton yarn.