The UniDEL Group traces its history back to the early 1900s with the foundation of an equities investment & trading firm. In 1973, the Group established a presence in the engineering, technology & automation businesses.
Anti-Portfolio
In 50's two young Danish engineers who were in India on an extended business trip decided to make it their home and set up an engineering business. They needed to raise financing for their venture and approached Mangaldas Desai, a finance broker, who in turn approached Rasiklal Maneklal Dalal a prominent Bombay Stock Exchange broker and member of the BSE Governing Board. RMD who was closely associated with the birth of the textile industry in Western India, quickly rejected the proposal calling it too risky. The engineers, Holck Larsen and Soren Toubro, went to find their capital elsewhere.
