The company was incorporated on 11th December 1987 as a private ltd. company to manufacture synthetic blended yarns. The company was converted into public limited company on 20th March 1992. Since 1992 the company has expanded its production capacity and is now one of the largest producers of value added yarns in India having a group turnover of $ 100 Million from 6 manufacturing facilities.

Since beginning Damodar's philosophy was to provide a novelty product at an affordable price. Passion for yarn has made the company a trend setter in the industry. Damodar has introduced many new products with different blends and new looks. At Damodar value addition does not end at the spinning stage. The company has installed post spinning machines like TFO, Fancy Doubling, Hollow Doubling, Yarn Dyeing, Multi Colour Space Dyeing .

At Damodar Group Research & Development is the most important and on-going process. We have a state of the art R & D Department wherein our in house designers introduce a new product by initially making samples on bit looms and then the approved yarns are tried and tested on modernized looms. These samples are dyed and finished in our lab on sample dyeing and finishing machines.